Statement
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1.Date of occurrence of the event: 2022/08/05
2.Year/Quarter of the financial report: The second quarter of 2022
3.Accounting principles applied for securities listed domestically:
Regulations Governing the Preparation of Financial Reports by Securities
Issuers and International Accounting Standard 34 "Interim Financial
Reporting" endorsed and issued into effect by the Financial Supervisory
Commission of the Republic of China ("Taiwan-IFRSs")
4.Inconsistent items/amounts in financial reports for securities listed
domestically:
Under Taiwan-IFRSs, Chunghwa Telecom Co., Ltd. and its subsidiaries (or
the "Company") reported consolidated net income of NT$10,035,492
thousand and NT$19,426,469 thousand, consolidated net income attributable
to stockholders of the parent of NT$9,656,841 thousand and NT$18,716,421
thousand, and basic earnings per share of NT$1.24 and NT$2.41 for the
three months and six months ended June 30, 2022, respectively. The Company
also reported total consolidated assets of NT$526,606,547 thousand, total
consolidated liabilities of NT$152,524,124 thousand, and total consolidated
equity of NT$374,082,423 thousand as of June 30, 2022.
5.Accounting principles applied for securities issued overseas:
IAS 34 "Interim Financial Reporting" as issued by the International
Accounting Standard Board ("IFRSs")
6.Inconsistent items/ amounts (securities issued overseas):
Under IFRSs, the Company reported consolidated net income of NT$11,454
million and NT$20,347 million, consolidated net income attributable to
stockholders of the parent of NT$11,021 million and NT$19,601 million,
and basic earnings per share of NT$1.42 and NT$2.53 for the three months
and six months ended June 30, 2022, respectively. The Company also reported
total consolidated assets of NT$526,411 million, total consolidated
liabilities of NT$153,539 million, and total consolidated equity of
NT$372,872 million as of June 30, 2022.
7.Inconsistent items/amounts in financial information for securities issued
overseas:
The differences between consolidated net income under Taiwan-IFRSs and
that under IFRSs followed by the Company mainly come from the timing of
the recognition of income tax on unappropriated earnings. In addition,
prior to incorporation, the Company was subject to the laws and regulations
applicable to state-owned enterprises in Taiwan which differed from the
generally accepted accounting principles as applicable to commercial
companies. As such, revenue from providing fixed line connection service
and selling prepaid phone cards was recognized at the time the service
was performed or the card was sold by the Company. Upon incorporation,
net assets greater than the capital stock was credited as additional
paid-in-capital and part of the additional paid-in-capital was from the
unearned revenues generated from connection fees and prepaid cards as of
the date of incorporation. Under IFRSs, revenue from connection fees and
prepaid phone cards was deferred at the time of the service performed or
sale and recognized as revenue over time as the service is continuously
performed or as consumed. This reclassification from additional
paid-in capital to retained earnings did not affect total equity.
8.Any other matters that need to be specified:
Chunghwa Telecom's earnings distribution and stockholders' equity
matters are in accordance with Taiwan-IFRSs.
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