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Subsidiaries | 12 Months Ended
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Dec. 31, 2019
Disclosure Of Significant Investments In Subsidiaries [Abstract] |
Subsidiaries |
1 4. | SUBSIDIARIES
| a. | Information on significant noncontrolling interest subsidiary
The table below shows details of less than wholly owned subsidiaries of the Company that have material noncontrolling interests:
|  | Place of Incorporation |  | Proportion of Ownership Interests and Voting Rights Held by Noncontrolling Interests |
|  | and Principal |  | December 31 |
Subsidiaries |  | Place of Business |  | 2018 |  |  | 2019 |
SENAO |  | Taiwan |  | 72% |  |  | 72% |
CHPT |  | Taiwan |  | 66% |  |  | 66% |
|  | Profit Allocated to Noncontrolling Interests |  |  | Accumulated Noncontrolling Interests |
|  | Year Ended December 31 |  |  | December 31 |
|  | 2017 |  |  | 2018 |  |  | 2019 |  |  | 2018 |  |  | 2019 |
|  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |
|  |  |  |  |  | (In Millions) |  |  |  |  |  |  |  |  |
SENAO |  | $ | 592 |  |  | $ | 326 |  |  | $ | 291 |  |  | $ | 4,108 |  |  | $ | 4,146 |
CHPT |  | $ | 431 |  |  | $ | 477 |  |  | $ | 414 |  |  |  | 4,022 |  |  |  | 4,217 |
Individually immaterial subsidiaries with noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,727 |  |  |  | 1,752 |
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 9,857 |  |  | $ | 10,115 |
Summarized financial information in respect of SENAO and its subsidiaries that has material noncontrolling interests is set out below. The summarized financial information below represents amounts before intercompany eliminations.
|  | December 31 |
|  | 2018 |  |  | 2019 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Current assets |  | $ | 7,041 |  |  | $ | 6,751 |
Noncurrent assets |  | $ | 2,527 |  |  | $ | 3,173 |
Current liabilities |  | $ | 3,757 |  |  | $ | 3,637 |
Noncurrent liabilities |  | $ | 164 |  |  | $ | 590 |
Equity attributable to the parent |  | $ | 1,539 |  |  | $ | 1,551 |
Equity attributable to noncontrolling interests |  | $ | 4,108 |  |  | $ | 4,146 |
|  | Year Ended December 31 |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  |  |  |  |  | (In Millions) |  |  |  |  |
Revenue and income |  | $ | 36,038 |  |  | $ | 31,540 |  |  | $ | 29,131 |
Costs and expenses |  |  | 35,200 |  |  |  | 31,081 |  |  |  | 28,725 |
Profit for the year |  | $ | 838 |  |  | $ | 459 |  |  | $ | 406 |
Profit attributable to the parent |  | $ | 246 |  |  | $ | 133 |  |  | $ | 115 |
Profit attributable to noncontrolling interests |  |  | 592 |  |  |  | 326 |  |  |  | 291 |
Profit for the year |  | $ | 838 |  |  | $ | 459 |  |  | $ | 406 |
Other comprehensive income (loss) attributable to the parent |  | $ | 3 |  |  | $ | (2 | ) |  | $ | (7 | )
Other comprehensive income (loss) attributable to noncontrolling interests |  |  | (17 | ) |  |  | (10 | ) |  |  | 22 |
Other comprehensive income (loss) for the year |  | $ | (14 | ) |  | $ | (12 | ) |  | $ | 15 |
Total comprehensive income attributable to the parent |  | $ | 249 |  |  | $ | 131 |  |  | $ | 108 |
Total comprehensive income attributable to noncontrolling interests |  |  | 575 |  |  |  | 316 |  |  |  | 313 |
Total comprehensive income for the year |  | $ | 824 |  |  | $ | 447 |  |  | $ | 421 |
Net cash flow from operating activities |  | $ | 1,081 |  |  | $ | 696 |  |  | $ | 538 |
Net cash flow from investing activities |  |  | (57 | ) |  |  | (13 | ) |  |  | 235 |
Net cash flow from financing activities |  |  | (897 | ) |  |  | (491 | ) |  |  | (718 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | (2 | ) |  |  | 1 |  |  |  | — |
Net cash inflow |  | $ | 125 |  |  | $ | 193 |  |  | $ | 55 |
Dividends paid to noncontrolling interests |  | $ | 703 |  |  | $ | 587 |  |  | $ | 269 |
Summarized financial information in respect of CHPT and its subsidiaries that has material noncontrolling interests is set out below. The summarized financial information below represents amounts before intercompany eliminations.
|  | December 31 |
|  | 2018 |  |  | 2019 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Current assets |  | $ | 4,417 |  |  | $ | 3,710 |
Noncurrent assets |  | $ | 2,779 |  |  | $ | 4,044 |
Current liabilities |  | $ | 1,076 |  |  | $ | 1,316 |
Noncurrent liabilities |  | $ | 1 |  |  | $ | 22 |
Equity attributable to CHI |  | $ | 2,097 |  |  | $ | 2,199 |
Equity attributable to noncontrolling interests |  | $ | 4,022 |  |  | $ | 4,217 |
|  | Year Ended December 31 |
|  | 2017 |  |  | 2018 |  |  | 2019 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  |  |  |  |  | (In Millions) |  |  |  |  |
Revenue and income |  | $ | 3,127 |  |  | $ | 3,299 |  |  | $ | 3,404 |
Costs and expenses |  |  | 2,402 |  |  |  | 2,549 |  |  |  | 2,775 |
Profit for the year |  | $ | 725 |  |  | $ | 750 |  |  | $ | 629 |
Profit attributable to CHI |  | $ | 294 |  |  | $ | 273 |  |  | $ | 215 |
Profit attributable to noncontrolling interests |  |  | 431 |  |  |  | 477 |  |  |  | 414 |
Profit for the year |  | $ | 725 |  |  | $ | 750 |  |  | $ | 629 |
Other comprehensive loss attributable to CHI |  | $ | (1 | ) |  | $ | — |  |  | $ | (1 | )
Other comprehensive loss attributable to noncontrolling interests |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
Other comprehensive loss for the year |  | $ | (3 | ) |  | $ | — |  |  | $ | (3 | )
Total comprehensive income attributable to CHI |  | $ | 293 |  |  | $ | 273 |  |  | $ | 214 |
Total comprehensive income attributable to noncontrolling interests |  |  | 429 |  |  |  | 477 |  |  |  | 412 |
Total comprehensive income for the year |  | $ | 722 |  |  | $ | 750 |  |  | $ | 626 |
Net cash flow from operating activities |  | $ | 1,052 |  |  | $ | 862 |  |  | $ | 507 |
Net cash flow from investing activities |  |  | (639 | ) |  |  | (733 | ) |  |  | (1,426 | )
Net cash flow from financing activities |  |  | 2,306 |  |  |  | (328 | ) |  |  | (349 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | (4 | ) |  |  | 1 |  |  |  | (5 | )
Net cash inflow (outflow) |  | $ | 2,715 |  |  | $ | (198 | ) |  | $ | (1,273 | )
Dividends paid to noncontrolling interests |  | $ | 146 |  |  | $ | 210 |  |  | $ | 216 |
| b. | Equity transactions with noncontrolling interests
CHI did not participate in the capital increase of CHPT in September 2017. Additionally, CHI disposed some shares of CHPT from April to August 2018. Therefore, the Company’s ownership interest in CHPT decreased to 34.25% as of December 31, 2018 and 2019. See Note 33(f) for details. Chunghwa and CHI disposed some shares of CHIEF in June 2017 and May 2018 before CHIEF traded its shares on the emerging stock market and the General Stock Market of the Taipei Exchange according to the local requirements. In addition, Chunghwa and CHI did not participate in the capital increase of CHIEF in June 2018. Furthermore, CHIEF issued new shares in March and November 2018, and March and November 2019, as its employees exercised their options. Therefore, the Company’s ownership interest in CHIEF decreased to 60.23% and 59.75% as of December 31, 2018 and 2019. See Note 33(c)(d) for details. SENAO transferred its treasury stock to employees in June and November 2017, and June 2018; therefore, the Company’s ownership interest in SENAO decreased to 28.18% as of December 31, 2018 and 2019. See Note 33(b) for details. SENAO subscribed for all the shares in the capital increase of Youth in December 2018; therefore, the Company’s ownership interest in Youth increased to 93% as of December 31, 2018 and 2019. The above transactions were accounted for as equity transactions since the Company did not cease to have control over these subsidiaries. The detailed information of the equity transactions for the years ended December 31, 2017, 2018 and 2019 was as follows:
|  | Year Ended December 31 |
|  | 2017 |
|  | CHI Did Not Participate in the Capital Increase of CHPT |  |  | SENAO Transferred its Treasury Stock |  |  | Chunghwa and CHI Disposed Some Shares of CHIEF |
|  | NT$ |  |  | NT$ |  |  |  |  |
|  |  |  |  |  | (In Millions) |
Cash consideration received from (paid to) Noncontrolling interests |  | $ | 2,552 |  |  | $ | 164 |  |  | $ | 106 |
The proportionate share of the carrying amount of the net assets of the subsidiary transferred (to) from noncontrolling interests |  |  | (1,750 | ) |  |  | (137 | ) |  |  | (29 | )
Differences arising from equity transactions |  | $ | 802 |  |  | $ | 27 |  |  | $ | 77 |
Line items for equity transaction adjustments |  |  |  |  |  |  |  |  |  |  |  |
Additional paid-in capital - difference between consideration received or paid and the carrying amount of the subsidiaries’ net assets upon actual disposal or acquisition |  | $ | — |  |  | $ | — |  |  | $ | 77 |
Additional paid-in capital - arising from changes in equities of subsidiaries |  | $ | 802 |  |  | $ | 27 |  |  | $ | — |
|  | Year Ended December 31 |
|  | 2018 |
|  | SENAO not Proportionately participating in the Capital Increase of Youth |  |  | SENAO Transferred its Treasury Stock |  |  | CHI Disposed Some Shares of CHPT |  |  | Chunghwa and CHI Did Not Participate in the Capital Increase of CHIEF |  |  | Chunghwa and CHI Disposed Some Shares of CHIEF |  |  | Share-Based Payment of CHIEF |
|  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |  |  |  |  |  |  | NT$ |
|  | (In Millions) |
Cash consideration received from noncontrolling interests |  | $ | — |  |  | $ | 327 |  |  | $ | 1,042 |  |  | $ | 1,477 |  |  | $ | 133 |  |  | $ | 35 |
The proportionate share of the carrying amount of the net assets of the subsidiary transferred to noncontrolling interests |  |  | — |  |  |  | (272 | ) |  |  | (330 | ) |  |  | (700 | ) |  |  | (19 | ) |  |  | (24 | )
Differences arising from equity transactions |  | $ | — |  |  | $ | 55 |  |  | $ | 712 |  |  | $ | 777 |  |  | $ | 114 |  |  | $ | 11 |
Line items for equity transaction adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additional paid-in capital - difference between consideration received or paid and the carrying amount of the subsidiaries’ net assets upon actual disposal or acquisition |  | $ | — |  |  | $ | — |  |  | $ | 712 |  |  | $ | — |  |  | $ | 114 |  |  | $ | — |
Additional paid-in capital - arising from changes in equities of subsidiaries |  | $ | — |  |  | $ | 55 |  |  | $ | — |  |  | $ | 777 |  |  | $ | — |  |  | $ | 11 |
|  | Year Ended December 31 |
|  | 2019 |
|  | CHIEF Share-Based Payment |
|  | NT$ |
|  | (In Millions) |
Cash consideration received from noncontrolling interests |  | $ | 19 |
The proportionate share of the carrying amount of the net assets of the subsidiary transferred to noncontrolling interests |  |  | (20 | )
Differences arising from equity transactions |  | $ | (1 | )
Line items for equity transaction adjustments |  |  |  |
Additional paid-in capital - arising from changes in equities of subsidiaries |  | $ | (1 | )

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