Chunghwa Telecom : ★ Q3 2022 Consolidated Financial Statements (T-IFRSs) (6MB)

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Nine Months Ended September 30, 2022 and 2021 and Independent Auditors' Review Report

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (In Thousands of New Taiwan Dollars)

			September 30, 2022						December 31, 2021						September 30, 2021
			(Reviewed)						(Audited)						(Reviewed)
ASSETS			Amount	%					Amount	%					Amount	%
CURRENT ASSETS
Cash and cash equivalents (Note 6)	$	32,898,094			7		$	39,778,624	8		$	23,577,346		4
Financial assets at fair value through profit or loss (Note 7)			4,203		-					2,566	-				2,401		-
Hedging financial assets (Note 20)			12,752		-					-	-				-			-
Contract assets (Note 29)			5,702,487		1					5,554,070		1					5,340,164		1
Trade notes and accounts receivable, net (Notes 9 and 29)			22,278,929		4					23,947,107		5					21,381,611		4
Receivables from related parties (Note 37)			107,116			-					41,528	-				66,361		-
Inventories (Note 10)			12,336,979			2					11,327,409		2					13,080,419		3
Prepayments (Note 11)			5,110,205			1					2,330,097		-				5,077,953		1
Other current monetary assets (Notes 12 and 34)			4,361,591			1					5,060,878	1					5,241,261		1
Other current assets (Notes 18, 19 and 38)			4,007,887			1					2,978,780		1					3,093,606		1
Total current assets			86,820,243		17					91,021,059		18				76,861,122		15
NONCURRENT ASSETS
Financial assets at fair value through profit or loss (Note 7)			1,050,714			-					908,775	-				1,231,096		-
Financial assets at fair value through other comprehensive income (Notes 8 and 34)			3,484,018			1					3,615,888		1					3,334,970		1
Investments accounted for using equity method (Notes 14 and 34)			7,200,176			1					7,332,774		2					7,236,929		2
Contract assets (Note 29)			2,966,660			1					2,607,744		-				2,375,636		-
Property, plant and equipment (Notes 15, 34, 37 and 38)			286,300,996			57					289,100,461	56				284,620,855		58
Right-of-use assets (Notes 16 and 37)			11,234,158		2					11,050,936		2					10,491,845		2
Investment properties (Note 17)			9,707,458			2					9,662,638		2					9,589,763		2
Intangible assets (Notes 18 and 37)			80,794,433			16					83,945,083		16				85,490,442		17
Deferred income tax assets (Note 3)			2,615,752			1					2,785,006		1					3,015,458		1
Incremental costs of obtaining contracts (Note 29)			967,012			-					987,656	-				971,665		-
Net defined benefit assets (Note 3)			3,901,443			1					3,391,077	1					3,929,023		1
Prepayments (Note 11)			1,922,374		-					1,798,463	-				1,891,625		-
Other noncurrent assets (Notes 19, 38 and 39)			4,624,803			1					4,862,800		1					4,841,387		1
Total noncurrent assets			416,769,997		83					422,049,301		82				419,020,694		85
TOTAL	$	503,590,240			100		$	513,070,360		100	$	495,881,816		100
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term loans (Note 21)	$	592,000			-		$	65,000	-	$	66,000		-
Financial liabilities at fair value through profit or loss (Note 7)			-			-					6,180	-				-			-
Hedging financial liabilities (Note 20)			-			-					8,286	-				9,330		-
Contract liabilities (Note 29)			13,611,671		3					12,234,276		2					13,905,112		3
Trade notes and accounts payable (Note 24)			13,160,237			3					18,063,288		4					13,695,667		3
Payables to related parties (Note 37)			476,286			-					391,358	-				485,332		-
Current tax liabilities (Note 3)			3,207,876			1					4,593,458		1					2,794,089		1
Lease liabilities (Notes 16, 34 and 37)			3,216,442			1					3,210,564		1					3,243,039		1
Other payables (Notes 25 and 34)			20,895,752		3					24,436,708	5					23,670,300		4
Provisions (Note 26)			225,903			-					284,813	-				257,945		-
Other current liabilities			1,000,044			-					998,367	-				920,909		-
Total current liabilities			56,386,211			11					64,292,298		13				59,047,723		12
NONCURRENT LIABILITIES
Long-term loans (Notes 22 and 38)			1,600,000			-					1,600,000		-				1,600,000		-
Bonds payable (Note 23)			30,476,032			6					26,976,675		6					26,975,582		5
Contract liabilities (Note 29)			7,124,477		1					6,840,056		1					6,819,317		2
Deferred income tax liabilities (Note 3)			2,248,402			1					2,189,411		-				2,188,487		-
Provisions (Note 26)			157,220			-					141,865	-				132,775		-
Lease liabilities (Notes 16, 34 and 37)			7,345,934			2					7,061,689		2					5,948,847		1
Customers' deposits (Note 37)			5,075,856		1					5,336,343		1					4,826,659		1
Net defined benefit liabilities (Note 3)			2,268,121			1					2,287,663		-				3,434,689		1
Other noncurrent liabilities			6,834,180			1					5,081,910	1					3,081,834		1
Total noncurrent liabilities			63,130,222			13					57,515,612		11				55,008,190		11
Total liabilities			119,516,433			24					121,807,910	24				114,055,913		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		16
Additional paid-in capital			171,295,803			34					171,279,625		33				171,279,116		34
Retained earnings
Legal reserve			77,574,465			15					77,574,465		15				77,574,465		16
Special reserve			3,083,569			1					2,675,419		1					2,675,419		1
Unappropriated earnings			42,561,752			9					50,639,022		10				41,723,981		8
Total retained earnings			123,219,786			25					130,888,906	26				121,973,865		25
Others			(181,654)		-					(408,150)	-				(483,416)		-
Total equity attributable to stockholders of the parent			371,908,400			74					379,334,846	74				370,344,030		75
NONCONTROLLING INTERESTS (Notes 13 and 28)			12,165,407			2					11,927,604		2					11,481,873		2
Total equity			384,073,807			76					391,262,450	76				381,825,903		77
TOTAL	$	503,590,240			100		$	513,070,360		100	$	495,881,816		100

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

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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 September 30					Nine Months Ended September 30
	2022			2021			2022			2021
		Amount	%				Amount	%				Amount	%				Amount	%
REVENUES (Notes 29, 37 and 43)	$ 53,507,811	100		$ 50,885,502	100	$ 157,238,260	100	$ 150,587,632	100
OPERATING COSTS (Notes 10,
27, 29, 30, 37 and 43)	33,174,844		62		32,045,819	63	97,211,557	62	94,996,966	63
GROSS PROFIT	20,332,967		38		18,839,683	37	60,026,703	38	55,590,666	37
OPERATING EXPENSES
(Notes 9, 27, 30, 37 and 43)
Marketing	5,605,147		10		5,133,627	10	16,641,971	10	15,063,012	10
General and administrative	1,540,159		3		1,223,057	2	4,630,572	3	3,805,637		2
Research and development	982,736		2		935,528	2	2,785,315	2	2,703,773		2
Expected credit loss		21,517	-		100,706	-	95,102	-	187,601	-
Total operating expenses		8,149,559		15			7,392,918	14	24,152,960	15	21,760,023	14
OTHER INCOME AND
EXPENSES (Note 30)		(1,571)	-		(4,904)	-	(6,013)	-	(2,114)	-
INCOME FROM OPERATIONS		12,181,837		23			11,441,861	23	35,867,730	23	33,828,529	23
NON-OPERATING INCOME
AND EXPENSES
Interest income	58,013		-		27,717	-	146,294	-	74,071	-
Other income (Notes 30 and 37)	68,626		-		210,946	-	322,537	-	301,795	-
Other gains and losses (Notes
30, 36 and 37)	(118,066)	-		411,087	1	(163,661)	-	669,930	-
Interest expenses (Notes 16, 30
and 37)	(69,312)	-		(56,089)	-	(190,264)	-	(161,831)	-
Share of profits of associates
and joint ventures accounted
for using equity method (Note
14)	85,157	-		65,996	-	400,910	-	174,314	-
Total non-operating
income and expenses	24,418		-		659,657	1	515,816	-	1,058,279		-
INCOME BEFORE INCOME
TAX	12,206,255		23		12,101,518	24	36,383,546	23	34,886,808	23
INCOME TAX EXPENSE
(Notes 3 and 31)		2,430,125	5		2,368,741	5	7,180,947	4	6,762,940	4
NET INCOME		9,776,130		18			9,732,777	19	29,202,599	19	28,123,868	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)	(4,192)	-		(240,364)	-	(127,988)	-	(1,250,774)	(1)
																					(Continued)

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