Chunghwa Telecom : ★ Q2 2023 Consolidated Financial Statements (T-IFRSs) (7MB)

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Three Months Ended March 31, 2023 and 2022 and Independent Auditors' Review Report

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars)

			March 31, 2023						December 31, 2022						March 31, 2022
			(Reviewed)						(Audited)						(Reviewed)
ASSETS			Amount	%					Amount	%					Amount	%
CURRENT ASSETS
Cash and cash equivalents (Note 6)	$	38,715,923		7		$	50,192,604	10	$	46,500,497	9
Financial assets at fair value through profit or loss (Note 7)			4,293		-					3,953	-					3,190	-
Hedging financial assets (Note 20)			1,196		-					12,891	-					8,055	-
Contract assets (Note 29)			6,123,875		1					6,055,343	1					5,539,500	1
Trade notes and accounts receivable, net (Notes 9 and 29)			20,990,008		4					24,672,473	5					21,069,723		4
Receivables from related parties (Note 37)			48,058		-					75,061	-					39,645	-
Inventories (Note 10)			12,024,091		2					11,316,406	2					12,512,537	2
Prepayments (Note 11)			5,484,376		1					2,398,608	-					5,281,217	1
Other current monetary assets (Note 12)			19,980,438		4					3,618,902	1					6,758,881	1
Other current assets (Notes 19 and 38)			3,841,419		1					3,555,423	1					3,352,163	1
Total current assets			107,213,677		20					101,901,664	20				101,065,408	19
NONCURRENT ASSETS
Financial assets at fair value through profit or loss (Note 7)			1,073,777		-					1,020,203	-					805,944	-
Financial assets at fair value through other comprehensive income (Note 8)			4,040,213		1					3,491,381	1					3,574,284	1
Investments accounted for using equity method (Note 14)			7,248,179		1					7,155,851	1					7,463,988	2
Contract assets (Note 29)			3,344,517		1					3,136,801	1					2,756,204	1
Property, plant and equipment (Notes 15, 34, 37 and 38)			289,265,406		56					291,527,910	56				285,930,724		54
Right-of-use assets (Notes 16 and 37)			11,093,820		2					11,102,549	2					10,744,006		2
Investment properties (Note 17)			8,993,035		2					9,803,861	2					9,652,091	2
Intangible assets (Notes 18 and 37)			77,556,614		15					79,187,087	15				82,328,310	16
Deferred income tax assets (Note 3)			2,154,497		-					2,196,645	-					2,760,894	1
Incremental costs of obtaining contracts (Note 29)			954,772		-					979,914	-					967,462	-
Net defined benefit assets (Note 3)			5,429,492		1					5,265,721	1					3,581,626	1
Prepayments (Note 11)			1,695,289		-					1,728,277	-					1,820,461	-
Other noncurrent assets (Notes 19, 38 and 39)			4,472,162		1					4,705,624	1					4,923,591	1
Total noncurrent assets			417,321,773		80					421,301,824	80				417,309,585	81
TOTAL	$	524,535,450		100		$	523,203,488	100	$	518,374,993	100
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans (Note 21)	$	341,800		-		$	722,000	-		$	65,000	-
Contract liabilities (Note 29)			12,898,161		2					13,390,439	3					12,701,430	3
Trade notes and accounts payable (Note 24)			9,972,835		2					16,428,856	3					11,823,029	2
Payables to related parties (Note 37)			277,579		-					539,194	-					214,092	-
Current tax liabilities (Note 3)			7,245,762		1					4,956,465	1					6,830,152	1
Lease liabilities (Notes 16, 34 and 37)			3,319,259		1					3,338,813	1					2,994,856	1
Other payables (Notes 25 and 34)			21,964,773		5					25,079,960	5					21,665,000	4
Provisions (Note 26)			222,990		-					226,019	-					251,488	-
Other current liabilities			974,018		-					1,016,179	-					1,026,505	-
Total current liabilities			57,217,177		11					65,697,925	13				57,571,552	11
NONCURRENT LIABILITIES
Long-term loans (Notes 22 and 38)			1,600,000		-					1,600,000	-					1,600,000	-
Bonds payable (Note 23)			30,478,739		7					30,477,357	6					30,473,352	6
Contract liabilities (Note 29)			7,665,182		2					7,674,095	2					6,900,647	2
Deferred income tax liabilities (Note 3)			2,336,333		-					2,300,845	-					2,197,088	-
Provisions (Note 26)			464,538		-					173,033	-					141,275	-
Lease liabilities (Notes 16, 34 and 37)			7,243,867		1					7,333,694	2					6,909,109	2
Customers' deposits (Note 37)			5,012,177		1					5,156,700	1					4,916,202	1
Net defined benefit liabilities (Note 3)			2,266,718		-					2,285,224	-					2,290,631	-
Other noncurrent liabilities			6,759,255		1					6,726,187	1					4,992,300	1
Total noncurrent liabilities			63,826,809		12					63,727,135	12				60,420,604	12
Total liabilities			121,043,986		23					129,425,060	25				117,992,156	23
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			171,309,798	33					171,300,898	32				171,291,613	33
Retained earnings
Legal reserve			77,574,465		15					77,574,465	15				77,574,465	15
Special reserve			3,083,569		1					3,083,569	1					2,675,419	1
Unappropriated earnings			61,521,942		11					51,868,574	10				59,700,126	11
Total retained earnings			142,179,976	27					132,526,608	26				139,950,010	27
Others			266,822		-					(223,084)	-					(362,831)	-
Total equity attributable to stockholders of the parent			391,331,061		75					381,178,887	73				388,453,257	75
NONCONTROLLING INTERESTS (Notes 13 and 28)			12,160,403		2					12,599,541	2					11,929,580	2
Total equity			403,491,464		77					393,778,428	75				400,382,837	77
TOTAL	$	524,535,450		100		$	523,203,488	100	$	518,374,993	100

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

- 3 -

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share) (Reviewed, Not Audited)

		Three Months Ended March 31
	2023				2022
		Amount	%				Amount	%
REVENUES (Notes 29, 37 and 43)	$ 54,210,905		100		$ 51,294,739	100
OPERATING COSTS (Notes 10, 27, 30 and 37)	33,629,816		62		31,690,894	62
GROSS PROFIT	20,581,089		38		19,603,845	38
OPERATING EXPENSES (Notes 9, 27, 30 and 37)
Marketing	5,671,750		11		5,445,221	11
General and administrative	1,657,125		3		1,547,548	2
Research and development	978,038		2		848,452	2
Expected credit loss		100,368		-			101,386	-
Total operating expenses		8,407,281		16			7,942,607	15
OTHER INCOME AND EXPENSES (Note 30)		(44)	-		(1,357)	-
INCOME FROM OPERATIONS		12,173,764		22			11,659,881	23
NON-OPERATING INCOME AND EXPENSES
Interest income	117,711		-		24,398	-
Other income (Notes 30 and 37)	44,786		-		44,383	-
Other gains and losses (Notes 30, 36 and 37)	(103,964)	-		(108,326)	-
Interest expense (Notes 16, 30 and 37)	(75,412)	-		(56,012)	-
Share of profits of associates and joint ventures
accounted for using equity method (Note 14)		103,108		-			110,069	-
Total non-operating income and expenses		86,229		-			14,512	-
INCOME BEFORE INCOME TAX		12,259,993		22			11,674,393	23
INCOME TAX EXPENSE (Notes 3 and 31)		2,386,947		4			2,283,416	5
NET INCOME		9,873,046		18			9,390,977	18
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)	548,832		1		(44,560)	-

(Continued)

- 4 -