Chunghwa Telecom Co Ltd 6-K, filed Nov 9, 2023

About this 6-K

Chunghwa Telecom Co Ltd (CHT)

6-K 2023-11-09 For: 2023-11-09

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Added on April 06, 2026

Please refer to Note 42 for the information of disaggregation of telecommunications service revenue. The expected credit loss rate applicable to different business revenue varies so as to reflect the risk level indicating by factors like historical experience.

The project business has different loss types according to the customer types. The expected credit loss rate listed above is for general customers. When the customer is a government-affiliated entity, it is anticipated that there will not be an instance of credit loss. Customers with past history of bounced checks or accounts receivable exceeding six months overdue are classified as high-risk customers, with an expected credit loss rate of 50%, increasing by period as the days overdue increase.

Chunghwa Telecom Co Ltd filed this 6-K on November 9, 2023.

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Exhibit		Description

99.1		To announce the differences between consolidated financial statements for the nine months ended September 30, 2023 under Taiwan-IFRSs and that under IFRSs

99.2		Consolidated Financial Statements for the Nine Months Ended September 30, 2023 and 2022 and Independent Auditors’ Review Report pursuant to International Financial Reporting Standards adopted by ROC (“Taiwan-IFRSs”)

99.3		Consolidated Financial Statements for the Nine Months Ended September 30, 2023 and 2022 pursuant to International Financial Reporting Standards issued by the International Accounting Standards Board (“IFRSs”)


Date: November 9, 2023

	Chunghwa Telecom Co., Ltd.

	By:	/s/ Yu-Shen Chen
	Name:	Yu-Shen Chen
	Title:	Chief Financial Officer


/s/ Yih-Shin Kao						/s/ Mei Yen Chiang

Deloitte & Touche
Taipei, Taiwan
Republic of China

November 8, 2023


	September 30, 2023				December 31, 2022					September 30, 2022
	Amount		%		Amount			%		Amount			%
ASSETS
CURRENT ASSETS
Cash and cash equivalents (Note 6)	$	32,005,368		7	$	50,192,604			10	$	32,898,094			7
Financial assets at fair value through profit or loss (Note 7)		411		—		3,953			—		4,203			—
Hedging financial assets (Note 20)		—		—		12,891			—		12,752			—
Contract assets (Note 29)		6,727,095		1		6,055,343			1		5,702,487			1
Trade notes and accounts receivable, net (Notes 9 and 29)		23,514,962		5		24,672,473			5		22,278,929			4
Receivables from related parties (Note 37)		111,194		—		75,061			—		107,116			—
Inventories (Note 10)		12,363,787		2		11,316,406			2		12,336,979			2
Prepayments (Note 11)		5,556,000		1		2,398,608			—		5,110,205			1
Other current monetary assets (Note 12)		12,326,502		2		3,618,902			1		4,361,591			1
Incremental costs of obtaining contracts (Note 29)		95,066		—		—			—		—			—
Other current assets (Notes 18, 19 and 38)		4,205,048		1		3,555,423			1		4,007,887			1

Total current assets		96,905,433		19		101,901,664			20		86,820,243			17

NONCURRENT ASSETS
Financial assets at fair value through profit or loss (Note 7)		1,052,332		—		1,020,203			—		1,050,714			—
Financial assets at fair value through other comprehensive income (Note 8)		4,054,015		1		3,491,381			1		3,484,018			1
Investments accounted for using equity method (Note 14)		7,218,915		1		7,155,851			1		7,200,176			1
Contract assets (Note 29)		3,526,053		1		3,136,801			1		2,966,660			1
Property, plant and equipment (Notes 15, 34, 37 and 38)		287,207,522		56		291,527,910			56		286,300,996			57
Right-of-use assets (Notes 16 and 37)		11,186,658		2		11,102,549			2		11,234,158			2
Investment properties (Note 17)		10,146,675		2		9,803,861			2		9,707,458			2
Intangible assets (Notes 18 and 37)		74,276,660		15		79,187,087			15		80,794,433			16
Deferred income tax assets (Note 3)		2,109,348		—		2,196,645			—		2,615,752			1
Incremental costs of obtaining contracts (Note 29)		936,516		—		979,914			—		967,012			—
Net defined benefit assets (Note 3)		5,720,111		1		5,265,721			1		3,901,443			1
Prepayments (Notes 11 and 39)		3,175,536		1		1,728,277			—		1,922,374			—
Other noncurrent assets (Notes 19, 38 and 39)		4,686,883		1		4,705,624			1		4,624,803			1

Total noncurrent assets		415,297,224		81		421,301,824			80		416,769,997			83

TOTAL	$	512,202,657		100	$	523,203,488			100	$	503,590,240			100

LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans (Note 21)	$	820,000		—	$	722,000			—	$	592,000			—
Financial liabilities at fair value through profit or loss (Note 7)		2,485		—		—			—		—			—
Hedging financial liabilities (Note 20)		3,535		—		—			—		—			—
Contract liabilities (Notes 29 and 39)		14,287,322		3		13,390,439			3		13,611,671			3
Trade notes and accounts payable (Note 24)		13,177,439		3		16,428,856			3		13,160,237			3
Payables to related parties (Note 37)		167,646		—		539,194			—		476,286			—
Current tax liabilities (Note 3)		7,110,763		1		4,956,465			1		3,207,876			1
Lease liabilities (Notes 16, 34 and 37)		3,455,460		1		3,338,813			1		3,216,442			1
Other payables (Notes 25 and 34)		21,150,397		5		25,079,960			5		20,895,752			3
Provisions (Note 26)		324,368		—		226,019			—		225,903			—
Current portion of long-term loans (Notes 22 and 38)		1,600,000		—		—			—		—			—
Other current liabilities		1,026,026		—		1,016,179			—		1,000,044			—

Total current liabilities		63,125,441		13		65,697,925			13		56,386,211			11

NONCURRENT LIABILITIES
Long-term loans (Notes 22 and 38)		—		—		1,600,000			—		1,600,000			—
Bonds payable (Note 23)		30,481,435		7		30,477,357			6		30,476,032			6
Contract liabilities (Note 29)		7,879,578		2		7,674,095			2		7,124,477			1
Deferred income tax liabilities (Note 3)		2,390,346		—		2,300,845			—		2,248,402			1
Provisions (Note 26)		480,603		—		173,033			—		157,220			—
Lease liabilities (Notes 16, 34 and 37)		7,417,147		1		7,333,694			2		7,345,934			2
Customers’ deposits (Note 37)		5,198,556		1		5,156,700			1		5,075,856			1
Net defined benefit liabilities (Note 3)		2,278,892		—		2,285,224			—		2,268,121			1
Other noncurrent liabilities		6,601,102		1		6,726,187			1		6,834,180			1

Total noncurrent liabilities		62,727,659		12		63,727,135			12		63,130,222			13

Total liabilities		125,853,100		25		129,425,060			25		119,516,433			24

EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT (Notes 13 and 28)
Common stocks		77,574,465		15		77,574,465			15		77,574,465			15

Additional paid-in capital		171,309,325		33		171,300,898			32		171,295,803			34

Retained earnings
Legal reserve		77,574,465		15		77,574,465			15		77,574,465			15
Special reserve		2,898,503		1		3,083,569			1		3,083,569			1
Unappropriated earnings		44,247,372		9		51,868,574			10		42,561,752			9

Total retained earnings		124,720,340		25		132,526,608			26		123,219,786			25

Others		419,267		—		(223,084	)		—		(181,654	)		—

Total equity attributable to stockholders of the parent		374,023,397		73		381,178,887			73		371,908,400			74
NONCONTROLLING INTERESTS (Notes 13 and 28)		12,326,160		2		12,599,541			2		12,165,407			2

Total equity		386,349,557		75		393,778,428			75		384,073,807			76

TOTAL	$	512,202,657		100	$	523,203,488			100	$	503,590,240			100


	Three Months Ended September 30										Nine Months Ended September 30
	2023					2022					2023					2022
	Amount			%		Amount			%		Amount			%		Amount			%
REVENUES (Notes 29, 37 and 42)	$	53,657,946			100	$	53,507,811			100	$	161,332,502			100	$	157,238,260			100
OPERATING COSTS (Notes 10, 27, 30 and 37)		33,842,100			63		33,174,844			62		100,548,189			62		97,211,557			62

GROSS PROFIT		19,815,846			37		20,332,967			38		60,784,313			38		60,026,703			38

OPERATING EXPENSES (Notes 9, 27, 30 and 37)
Marketing		5,874,113			11		5,605,147			10		17,149,826			11		16,641,971			10
General and administrative		1,509,781			3		1,540,159			3		4,797,693			3		4,630,572			3
Research and development		953,000			2		982,736			2		2,854,258			2		2,785,315			2
Expected credit loss		14,338			—		21,517			—		85,147			—		95,102			—

Total operating expenses		8,351,232			16		8,149,559			15		24,886,924			16		24,152,960			15

OTHER INCOME AND EXPENSES (Note 30)		(165	)		—		(1,571	)		—		1,462			—		(6,013	)		—

INCOME FROM OPERATIONS		11,464,449			21		12,181,837			23		35,898,851			22		35,867,730			23

NON-OPERATING INCOME AND EXPENSES
Interest income		136,526			—		58,013			—		455,069			—		146,294			—
Other income (Notes 30 and 37)		76,840			—		68,626			—		325,769			—		322,537			—
Other gains and losses (Notes 30, 36 and 37)		(75,957	)		—		(118,066	)		—		(228,718	)		—		(163,661	)		—
Interest expenses (Notes 16, 30 and 37)		(80,237	)		—		(69,312	)		—		(233,310	)		—		(190,264	)		—
Share of profits of associates and joint ventures accounted for using equity method (Note 14)		115,860			—		85,157			—		339,473			—		400,910			—

Total non-operating income and expenses		173,032			—		24,418			—		658,283			—		515,816			—

INCOME BEFORE INCOME TAX		11,637,481			21		12,206,255			23		36,557,134			22		36,383,546			23
INCOME TAX EXPENSE (Notes 3 and 31)		2,258,007			4		2,430,125			5		7,097,925			4		7,180,947			4

NET INCOME		9,379,474			17		9,776,130			18		29,459,209			18		29,202,599			19

TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
Items that will not be reclassified to profit or loss:
Unrealized gain or loss on investments in equity instruments at fair value through other comprehensive income (Notes 28 and 36)		110,893			—		(4,192	)		—		547,814			—		(127,988	)		—


The accompanying notes are an integral part of the consolidated financial statements.		(Concluded)


	Equity Attributable to Stockholders of the Parent (Notes 13, 20 and 28)
														Others
														Exchange Differences Arising from the Translation of the Foreign Operations			Unrealized Gain or Loss on Financial Assets at Fair Value Through Other Comprehensive Income



						Retained Earnings														Gain or Loss on Hedging Instruments						Noncontrolling Interests (Notes 13 and 28)
	Common Stocks		Additional Paid-in Capital			Legal Reserve		Special Reserve			Unappropriated Earnings									Gain or Loss on Hedging Instruments			Total			Noncontrolling Interests (Notes 13 and 28)			Total Equity
BALANCE, JANUARY 1, 2022	$	77,574,465	$	171,279,625		$	77,574,465	$	2,675,419		$	50,639,022		$	(392,276	)	$	(7,588	)	$	(8,286	)	$	379,334,846		$	11,927,604		$	391,262,450
Appropriation of 2021 earnings
Special reserve		—		—			—		408,150			(408,150	)		—			—			—			—			—			—
Cash dividends distributed by Chunghwa		—		—			—		—			(35,746,314	)		—			—			—			(35,746,314	)		—			(35,746,314	)
Cash dividends distributed by subsidiaries		—		—			—		—			—			—			—			—			—			(1,053,240	)		(1,053,240	)
Unclaimed dividend		—		1,632			—		—			—			—			—			—			1,632			—			1,632
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		(1,159	)		—		—			—			—			—			—			(1,159	)		(51	)		(1,210	)
Net income for the nine months ended September 30, 2022		—		—			—		—			28,075,670			—			—			—			28,075,670			1,126,929			29,202,599
Other comprehensive income (loss) for the nine months ended September 30, 2022		—		—			—		—			1,524			314,773			(109,315	)		21,038			228,020			13,295			241,315

Total comprehensive income (loss) for the nine months ended September 30, 2022		—		—			—		—			28,077,194			314,773			(109,315	)		21,038			28,303,690			1,140,224			29,443,914

Share-based payment transactions of subsidiaries		—		15,705			—		—			—			—			—			—			15,705			59,370			75,075
Net increase in noncontrolling interests		—		—			—		—			—			—			—			—			—			91,500			91,500

BALANCE, SEPTEMBER 30, 2022	$	77,574,465	$	171,295,803		$	77,574,465	$	3,083,569		$	42,561,752		$	(77,503	)	$	(116,903	)	$	12,752		$	371,908,400		$	12,165,407		$	384,073,807

BALANCE, JANUARY 1, 2023	$	77,574,465	$	171,300,898		$	77,574,465	$	3,083,569		$	51,868,574		$	(111,213	)	$	(124,762	)	$	12,891		$	381,178,887		$	12,599,541		$	393,778,428
Appropriation of 2022 earnings
Special reserve		—		—			—		(185,066	)		185,066			—			—			—			—			—			—
Cash dividends distributed by Chunghwa		—		—			—		—			(36,475,514	)		—			—			—			(36,475,514	)		—			(36,475,514	)
Cash dividends distributed by subsidiaries		—		—			—		—			—			—			—			—			—			(1,091,670	)		(1,091,670	)
Unclaimed dividend		—		2,217			—		—			—			—			—			—			2,217			—			2,217
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		4,624			—		—			—			—			—			—			4,624			1,588			6,212
Actual acquisition of interests in subsidiaries		—		(4	)		—		—			—			—			—			—			(4	)		(37	)		(41	)
Net income for the nine months ended September 30, 2023		—		—			—		—			28,659,133			—			—			—			28,659,133			800,076			29,459,209
Other comprehensive income (loss) for the nine months ended September 30, 2023		—		—			—		—			10,113			108,634			550,143			(16,426	)		652,464			(5,131	)		647,333

Total comprehensive income (loss) for the nine months ended September 30, 2023		—		—			—		—			28,669,246			108,634			550,143			(16,426	)		29,311,597			794,945			30,106,542

Share-based payment transactions of subsidiaries		—		1,590			—		—			—			—			—			—			1,590			21,793			23,383

BALANCE, SEPTEMBER 30, 2023	$	77,574,465	$	171,309,325		$	77,574,465	$	2,898,503		$	44,247,372		$	(2,579	)	$	425,381		($	3,535	)	$	374,023,397		$	12,326,160		$	386,349,557


			Percentage of Ownership Interests
Name of Investor	Name of Investee	Main Businesses and Products	September 30, 2023	December 31, 2022	September 30, 2022	Note
Chunghwa Telecom Co., Ltd.	Senao International Co., Ltd. (“SENAO”)	Handset and peripherals retailer, sales of CHT mobile phone plans as an agent	28	28	28	a.
	Light Era Development Co., Ltd. (“LED”)	Planning and development of real estate and intelligent buildings, and property management	100	100	100
	Donghwa Telecom Co., Ltd. (“DHT”)	International private leased circuit, IP VPN service, and IP transit services	100	100	100
	Chunghwa Telecom Singapore Pte., Ltd. (“CHTS”)	International private leased circuit, IP VPN service, and IP transit services	100	100	100
	Chunghwa System Integration Co., Ltd. (“CHSI”)	Providing system integration services and telecommunications equipment	100	100	100
	Chunghwa Investment Co., Ltd. (“CHI”)	Investment	89	89	89
	CHIEF Telecom Inc. (“CHIEF”)	Network integration, internet data center (“IDC”), communications integration and cloud application services	56	56	56	b.
	CHYP Multimedia Marketing & Communications Co., Ltd. (“CHYP”)	Digital information supply services and advertisement services	100	100	100
	Prime Asia Investments Group Ltd. (“Prime Asia”)	Investment	100	100	100
	Spring House Entertainment Tech. Inc. (“SHE”)	Software design services, internet contents production and play, and motion picture production and distribution	56	56	56
	Chunghwa Telecom Global, Inc. (“CHTG”)	International private leased circuit, internet services, and transit services	100	100	100
	Chunghwa Telecom Vietnam Co., Ltd. (“CHTV”)	Intelligent energy saving solutions, international circuit, and information and communication technology (“ICT”) services.	100	100	100
	Smartfun Digital Co., Ltd. (“SFD”)	Providing diversified family education digital services	65	65	65
	Chunghwa Telecom Japan Co., Ltd. (“CHTJ”)	International private leased circuit, IP VPN service, and IP transit services	100	100	100
	Chunghwa Sochamp Technology Inc. (“CHST”)	Design, development and production of Automatic License Plate Recognition software and hardware	37	37	51	c.


New, Revised or Amended Standards and Interpretations		Effective Date Announced by IASB (Note 1)
Amendments to IFRS 16	Leases Liability in a Sale and Leaseback	January 1, 2024 (Note 2)
Amendments to IAS 1	Classification of Liabilities as Current or Non-current	January 1, 2024
Amendments to IAS 1	Non-current Liabilities with Covenants	January 1, 2024
Amendments to IAS 7 and IFRS 7	Supplier Finance Arrangements	January 1, 2024 (Note 3)


New, Revised or Amended Standards and Interpretations		Effective Date Announced by IASB (Note 1)
Amendments to IFRS 10 and IAS 28	Sale or Contribution of Assets between An Investor and Its Associate or Joint Venture	To be determined by IASB
Amendments to IAS 21	Lack of Exchangeability	January 1, 2025 (Note 2)


	Not Past Due			Past Due Less than 30 Days			Pass Due 31 to 60 Days			Pass Due 61 to 90 Days			Pass Due 91 to 120 Days			Pass Due 121 to 180 Days			Pass Due over 180 Days			Total
Telecommunications business
Expected credit loss rate (Note a)		0%~1	%		1%~20	%		3%~65	%		10%~81	%		18%~90	%		34%~96	%		100	%
Gross carrying amount	$	17,024,142		$	795,647		$	189,245		$	62,995		$	44,288		$	20,103		$	620,426		$	18,756,846
Loss allowance (lifetime ECL)		(47,891	)		(33,790	)		(29,579	)		(26,285	)		(31,439	)		(18,677	)		(620,426	)		(808,087	)

Amortized cost	$	16,976,251		$	761,857		$	159,666		$	36,710		$	12,849		$	1,426		$	—		$	17,948,759

Project business
Expected credit loss rate (Note b)		0%~5	%		5	%		10	%		30	%		50	%		80	%		100	%
Gross carrying amount	$	2,247,394		$	46,676		$	6,628		$	875		$	396		$	—		$	289,560		$	2,591,529
Loss allowance (lifetime ECL)		(2,075	)		(2,334	)		(679	)		(316	)		(198	)		—			(289,560	)		(295,162	)

Amortized cost	$	2,245,319		$	44,342		$	5,949		$	559		$	198		$	—		$	—		$	2,296,367


	Principal		Proportion of Ownership Interests and Voting Rights Held by Noncontrolling Interests
Subsidiaries	Place of Business		September 30, 2023	December 31, 2022	September 30, 2022
SENAO		Taiwan	72%	72%	72%
CHPT		Taiwan	66%	66%	66%


	Profit Allocated to Noncontrolling Interests
	Three Months Ended September 30					Nine Months Ended September 30
	2023			2022		2023			2022
SENAO	$	152,399		$	143,738	$	414,950		$	352,638

CHPT	$	(401	)	$	144,630	$	(11,806	)	$	381,833


	Accumulated Noncontrolling Interests
	September 30, 2023		December 31, 2022		September 30, 2022
SENAO	$	4,589,473	$	4,592,326	$	4,457,094
CHPT		4,999,693		5,259,231		5,152,004
Individually immaterial subsidiaries with noncontrolling interests		2,736,994		2,747,984		2,556,309

	$	12,326,160	$	12,599,541	$	12,165,407


	Nine Months Ended September 30
	2023			2022
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	$	3,547		$	85,601

NET DECREASE IN CASH AND CASH EQUIVALENTS		(18,187,236	)		(6,880,530	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		50,192,604			39,778,624

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	32,005,368		$	32,898,094


	Three Months Ended September 30					Nine Months Ended September 30
	2023			2022		2023			2022
Revenues and income	$	7,763,191		$	7,754,702	$	23,248,821		$	22,985,551
Costs and expenses		7,550,703			7,554,460		22,670,569			22,494,250

Profit for the period	$	212,488		$	200,242	$	578,252		$	491,301

Profit attributable to the parent	$	60,089		$	56,504	$	163,302		$	138,663
Profit attributable to noncontrolling interests		152,399			143,738		414,950			352,638

Profit for the period	$	212,488		$	200,242	$	578,252		$	491,301

Other comprehensive income (loss) attributable to the parent	$	(4,167	)	$	2,246	$	(3,767	)	$	4,120
Other comprehensive income (loss) attributable to noncontrolling interests		(10,621	)		4,938		(9,602	)		9,826

Other comprehensive income (loss) for the period	$	(14,788	)	$	7,184	$	(13,369	)	$	13,946

Total comprehensive income attributable to the parent	$	55,922		$	58,750	$	159,535		$	142,783
Total comprehensive income attributable to noncontrolling interests		141,778			148,676		405,348			362,464

Total comprehensive income for the period	$	197,700		$	207,426	$	564,883		$	505,247


	Nine Months Ended September 30, 2023
	CHTSC Share-Based Payment			CLPT Share-Based Payment			Purchasing UTC shares
Cash consideration received from (paid to) noncontrolling interests	$	15,173		$	874		$	(41	)
The proportionate share of the carrying amount of the net assets of the subsidiary transferred from (to) noncontrolling interests		(13,507	)		(950	)		37

Differences arising from equity transactions	$	1,666		$	(76	)	$	(4	)

								(Continued	)


	Nine Months Ended September 30, 2022
	CHIEF Share-Based Payment			CHTSC Share-Based Payment
Cash consideration received from noncontrolling interests	$	27,317		$	35,402
The proportionate share of the carrying amount of the net assets of the subsidiary transferred to noncontrolling interests		(16,977	)		(30,037	)

Differences arising from equity transactions	$	10,340		$	5,365

Line items for equity transaction adjustments
Additional paid-in capital—arising from changes in equities of subsidiaries	$	10,340		$	5,365


	Carrying Amount
	September 30, 2023		December 31, 2022		September 30, 2022
Material associate
Non-listed
Next Commercial Bank Co., Ltd. (“NCB”)	$	2,887,724	$	3,173,309	$	3,308,099

Associates that are not individually material
Listed
Senao Networks, Inc. (“SNI”)		1,561,134		1,395,858		1,287,069
KingwayTek Technology Co., Ltd. (“KWT”)		263,737		267,125		267,235
Non-listed
Viettel-CHT Co., Ltd. (“Viettel-CHT”)		535,735		558,532		510,379
Taiwan International Standard Electronics Co., Ltd. (“TISE”)		398,753		296,501		271,400
ST-2 Satellite Ventures Pte., Ltd. (“STS”)		380,970		246,815		337,008
Chunghwa PChome Fund I Co., Ltd. (“CPFI”)		260,978		277,776		296,821
So-net Entertainment Taiwan Limited (“So-net”)		233,296		228,184		231,136
WiAdvance Technology Corporation (“WATC”)		215,414		227,868		237,984
KKBOX Taiwan Co., Ltd. (“KKBOXTW”)		172,696		173,634		170,055
Taiwan International Ports Logistics Corporation (“TIPL”)		112,570		101,078		92,303
CHT Infinity Singapore Pte. Ltd. (“CISG”)		60,231		62,948		62,678
Click Force Co., Ltd. (“CF”)		40,458		40,932		40,147
Imedtac Co., Ltd. (“IME”)		36,216		40,866		39,302
AgriTalk Technology Inc. (“ATT”)		31,523		34,738		16,824
Baohwa Trust Co., Ltd. (“BHT”)		10,710		13,267		15,362
Cornerstone Ventures Co., Ltd. (“CVC”)		7,227		6,743		6,569

		4,321,648		3,972,865		3,882,272

	$	7,209,372	$	7,146,174	$	7,190,371


	% of Ownership Interests and Voting Rights
	September 30, 2023		December 31, 2022		September 30, 2022
Material associate
Non-listed
Next Commercial Bank Co., Ltd. (“NCB”)		42		42		42
Associates that are not individually material
Listed
Senao Networks, Inc. (“SNI”)		34		34		34
KingwayTek Technology Co., Ltd. (“KWT”)		23		23		23
Non-listed
Viettel-CHT Co., Ltd. (“Viettel-CHT”)		30		30		30
Taiwan International Standard Electronics Co., Ltd. (“TISE”)		40		40		40
ST-2 Satellite Ventures Pte., Ltd. (“STS”)		38		38		38
Chunghwa PChome Fund I Co., Ltd. (“CPFI”)		50		50		50
So-net Entertainment Taiwan Limited (“So-net”)		30		30		30
WiAdvance Technology Corporation (“WATC”)		20		20		20
KKBOX Taiwan Co., Ltd. (“KKBOXTW”)		30		30		30
Taiwan International Ports Logistics Corporation (“TIPL”)		27		27		27
CHT Infinity Singapore Pte. Ltd. (“CISG”)		40		40		40
Click Force Co., Ltd. (“CF”)		49		49		49
Imedtac Co., Ltd. (“IME”)		7		7		7
AgriTalk Technology Inc. (“ATT”)		29		29		17
Baohwa Trust Co., Ltd. (“BHT”)		25		40		40
Cornerstone Ventures Co., Ltd. (“CVC”)		49		49		49


	Carrying Amount						% of Ownership Interests and Voting Rights
Name of Joint Venture	September 30, 2023		December 31, 2022		September 30, 2022		September 30, 2023			December 31, 2022			September 30, 2022
Non-listed
Chunghwa SEA Holdings (“CHT SEA”)	$	9,543	$	9,677	$	9,805		51	%		51	%		51	%


	Land			Land Improvements			Buildings			Computer Equipment			Telecommuni- cations Equipment			Transportation Equipment			Miscellaneous Equipment			Construction in Progress and Equipment to be Accepted			Total
Cost
Balance on January 1, 2022	$	102,644,714		$	1,661,628		$	71,358,036		$	11,217,048		$	713,534,222		$	3,927,337		$	10,808,873		$	10,786,149		$	925,938,007
Additions		462,475			—			118,639			53,815			103,160			1,196			122,671			17,830,963			18,692,919
Disposal		—			(6,042	)		(6,747	)		(497,952	)		(15,206,441	)		(62,490	)		(233,313	)		—			(16,012,985	)
Effect of foreign exchange differences		—			—			—			195			267,844			148			4,661			23,959			296,807
Others		(184,155	)		13,488			(66,459	)		278,206			17,479,259			682			379,671			(18,262,707	)		(362,015	)

Balance on September 30, 2022	$	102,923,034		$	1,669,074		$	71,403,469		$	11,051,312		$	716,178,044		$	3,866,873		$	11,082,563		$	10,378,364		$	928,552,733

Accumulated depreciation and impairment
Balance on January 1, 2022	$	—		$	(1,441,612	)	$	(30,577,570	)	$	(9,632,046	)	$	(590,533,289	)	$	(3,698,978	)	$	(8,205,324	)	$	—		$	(644,088,819	)
Depreciation expenses		—			(29,472	)		(1,075,534	)		(548,925	)		(19,241,381	)		(57,410	)		(559,693	)		—			(21,512,415	)
Disposal		—			6,042			6,747			497,685			15,198,552			62,490			229,987			—			16,001,503
Effect of foreign exchange differences		—			—			—			(191	)		(142,480	)		(46	)		(2,983	)		—			(145,700	)
Others		—			—			66,893			(3,622	)		(22,445	)		(286	)		(18,091	)		—			22,449

Balance on September 30, 2022	$	—		$	(1,465,042	)	$	(31,579,464	)	$	(9,687,099	)	$	(594,741,043	)	$	(3,694,230	)	$	(8,556,104	)	$	—		$	(649,722,982	)

Balance on January 1, 2022, net	$	102,644,714		$	220,016		$	40,780,466		$	1,585,002		$	123,000,933		$	228,359		$	2,603,549		$	10,786,149		$	281,849,188

Balance on September 30, 2022, net	$	102,923,034		$	204,032		$	39,824,005		$	1,364,213		$	121,437,001		$	172,643		$	2,526,459		$	10,378,364		$	278,829,751

Cost
Balance on January 1, 2023	$	103,663,528		$	1,675,255		$	72,529,774		$	11,088,877		$	720,068,323		$	3,971,039		$	11,467,527		$	14,427,497		$	938,891,820
Additions		98,577			—			23,022			79,627			73,310			2,848			140,109			17,181,507			17,599,000
Disposal		(1,672	)		—			—			(804,037	)		(17,349,675	)		(90,298	)		(273,799	)		—			(18,519,481	)
Effect of foreign exchange differences		—			—			—			31			104,254			43			4,731			9,590			118,649
Others		(734,134	)		18,229			75,522			301,334			17,602,834			17,699			567,101			(18,522,819	)		(674,234	)

Balance on September 30, 2023	$	103,026,299		$	1,693,484		$	72,628,318		$	10,665,832		$	720,499,046		$	3,901,331		$	11,905,669		$	13,095,775		$	937,415,754

																									(Continued)


Land improvements		10~30 years
Buildings
Main buildings		20~60 years
Other building facilities		3~15 years
Computer equipment		2~8 years
Telecommunications equipment
Telecommunication circuits		2~30 years
Telecommunication machinery and antennas equipment		2~30 years
Transportation equipment		2~10 years
Miscellaneous equipment
Leasehold improvements		1~18 years
Mechanical and air conditioner equipment		3~16 years
Others		1~15 years


Buildings
Main buildings		35~60 years
Other building facilities		3~15 years


Cost
Balance on January 1, 2022	$	10,662,596
Additions		18,333
Reclassification		99,099

Balance on September 30, 2022	$	10,780,028

		(Continued	)


Accumulated depreciation and impairment
Balance on January 1, 2022	$	(999,958	)
Depreciation expense		(32,690	)
Reclassification		(39,922	)

Balance on September 30, 2022	$	(1,072,570	)

Balance on January 1, 2022, net	$	9,662,638

Balance on September 30, 2022, net	$	9,707,458

Cost
Balance on January 1, 2023	$	10,780,029
Additions		48,283
Reclassification		327,724

Balance on September 30, 2023	$	11,156,036

Accumulated depreciation and impairment
Balance on January 1, 2023	$	(976,168	)
Depreciation expense		(33,193	)

Balance on September 30, 2023	$	(1,009,361	)

Balance on January 1, 2023, net	$	9,803,861

Balance on September 30, 2023, net	$	10,146,675

		(Concluded	)


	Mobile Broadband Concession			Computer Software			Goodwill			Others			Total
Cost
Balance on January 1, 2022	$	108,338,000		$	3,202,901		$	291,206		$	412,477		$	112,244,584
Additions-acquired separately		1,625,431			176,045			—			8,680			1,810,156
Disposal		—			(315,902	)		—			(962	)		(316,864	)
Effect of foreign exchange differences		—			206			—			5			211
Others		—			1,083			—			—			1,083

Balance on September 30, 2022	$	109,963,431		$	3,064,333		$	291,206		$	420,200		$	113,739,170

Accumulated amortization and impairment
Balance on January 1, 2022	$	(25,517,753	)	$	(2,529,941	)	$	(73,624	)	$	(178,183	)	$	(28,299,501	)
Amortization expenses		(4,696,990	)		(235,743	)		—			(29,245	)		(4,961,978	)
Disposal		—			315,902			—			962			316,864
Effect of foreign exchange differences		—			(122	)		—			—			(122	)

Balance on September 30, 2022	$	(30,214,743	)	$	(2,449,904	)	$	(73,624	)	$	(206,466	)	$	(32,944,737	)

Balance on January 1, 2022, net	$	82,820,247		$	672,960		$	217,582		$	234,294		$	83,945,083

Balance on September 30, 2022, net	$	79,748,688		$	614,429		$	217,582		$	213,734		$	80,794,433

Cost
Balance on January 1, 2023	$	109,963,431		$	2,797,835		$	291,206		$	421,813		$	113,474,285
Additions-acquired separately		—			110,872			—			4,206			115,078
Disposal		—			(149,411	)		—			(5,964	)		(155,375	)
Effect of foreign exchange differences		—			(42	)		—			(7	)		(49	)
Others		—			2,318			—			—			2,318

Balance on September 30, 2023	$	109,963,431		$	2,761,572		$	291,206		$	420,048		$	113,436,257

Accumulated amortization and impairment
Balance on January 1, 2023	$	(31,812,278	)	$	(2,176,234	)	$	(73,624	)	$	(225,062	)	$	(34,287,198	)
Amortization expenses		(4,792,604	)		(209,195	)		—			(25,542	)		(5,027,341	)
Disposal		—			149,411			—			5,964			155,375


	Change in Value of Hedged Item Used for Calculating Hedge Ineffectiveness		Accumulated Gain or Loss on Hedging Instruments in Other Equity
Hedged Items			Continuing Hedges			Hedge Accounting no Longer Applied
Cash flow hedge
Forecast equipment purchases	$	16,426	$	(3,535	)	$	—


	Change in Value of Hedged Item Used for			Accumulated Gain or Loss on Hedging Instruments in Other Equity
Hedged Items	Calculating Hedge Ineffectiveness			Continuing Hedges		Hedge Accounting no Longer Applied
Cash flow hedge
Forecast equipment purchases	$	(21,177	)	$	12,891	$	—


	Comprehensive Income							Reclassification from Equity to Assets and the Adjusted Line Item
Hedge Transaction	Hedging Gain or Loss Recognized in OCI			Amount of Hedge Ineffectiveness Recognized in Profit or Loss		Line Item in Which Hedge Ineffectiveness is Included		Amount Reclassified to Assets and the Adjusted Line Item		Due to Hedged Future Cash Flows No Longer Expected to Occur
Cash flow hedge
Forecast equipment purchases	$	(16,426	)	$	—		—	$	35,437 Construction in progress and equipment to be accepted	$	— Other gains and losses


Issuance	Tranche	Issuance Period	Total Amount	Coupon Rate	Repayment and Interest Payment
2020-1	A	July 2020 to July 2025	$8,800,000	0.50%	One-time repayment upon maturity; interest payable annually
	B	July 2020 to July 2027	7,500,000	0.54%	The same as above
	C	July 2020 to July 2030	3,700,000	0.59%	The same as above
2021-1	A	April 2021 to April 2026	1,900,000	0.42%	The same as above
	B	April 2021 to April 2028	4,100,000	0.46%	The same as above
	C	April 2021 to April 2031	1,000,000	0.50%	The same as above
2022-1 (Sustainable Bond)	—	March 2022 to March 2027	3,500,000	0.69%	The same as above


	Employee Benefits			Warranties			Onerous Contracts			Others			Total
Balance on January 1, 2022	$	62,833		$	213,537		$	146,541		$	3,767		$	426,678
Additional / (reversal of) provisions recognized		4,851			68,188			(51,342	)		—			21,697
Used / forfeited during the period		(270	)		(65,013	)		—			—			(65,283	)
Effect of foreign exchange differences		—			31			—			—			31

Balance on September 30, 2022	$	67,414		$	216,743		$	95,199		$	3,767		$	383,123

Balance on January 1, 2023	$	64,776		$	235,308		$	95,201		$	3,767		$	399,052
Additional / (reversal of) provisions recognized		317,224			53,868			46,330			(700	)		416,722
Used / forfeited during the period		(966	)		(59,844	)		—			—			(60,810	)
Reclassification		—			—			50,000			—			50,000
Effect of foreign exchange differences		—			7			—			—			7

Balance on September 30, 2023	$	381,034		$	229,339		$	191,531		$	3,067		$	804,971


	Share Premium		Movements of Additional Paid-in Capital for Associates and Joint Ventures Accounted for Using Equity Method			Movements of Additional Paid-in Capital Arising from Changes in Equities of Subsidiaries		Difference between Consideration Received or Paid and Carrying Amount of the Subsidiaries’ Net Assets during Actual Disposal or Acquisition			Donated Capital		Stockholders’ Contribution due to Privatization		Total
Balance on January 1, 2022	$	147,329,386	$	186,391		$	2,104,672	$	987,611		$	23,487	$	20,648,078	$	171,279,625
Unclaimed dividend		—		—			—		—			1,632		—		1,632
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		(1,159	)		—		—			—		—		(1,159	)
Share-based payment transactions of subsidiaries		—		—			15,705		—			—		—		15,705

Balance on September 30, 2022	$	147,329,386	$	185,232		$	2,120,377	$	987,611		$	25,119	$	20,648,078	$	171,295,803

Balance on January 1, 2023	$	147,329,386	$	173,672		$	2,137,032	$	987,611		$	25,119	$	20,648,078	$	171,300,898
Unclaimed dividend		—		—			—		—			2,217		—		2,217
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		4,624			—		—			—		—		4,624
Actual acquisition of interests in subsidiaries		—		—			—		(4	)		—		—		(4	)
Share-based payment transactions of subsidiaries		—		—			1,590		—			—		—		1,590

Balance on September 30, 2023	$	147,329,386	$	178,296		$	2,138,622	$	987,607		$	27,336	$	20,648,078	$	171,309,325


	Appropriation of Earnings					Dividends Per Share (NT$)
	For Fiscal Year 2022			For Fiscal Year 2021		For Fiscal Year 2022		For Fiscal Year 2021
Provision for (reversal of) special reserve	$	(185,066	)	$	408,150
Cash dividends		36,475,514			35,746,314	$	4.702	$	4.608


	Cash
	2022		2021
Compensation distributed to the employees	$	1,498,374	$	1,429,000
Remuneration paid to the directors		39,480		38,552