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Investments Accounted for Using Equity Method (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure Of Significant Investments In Associates And Joint Ventures [Abstract]  
Summary of Investments Accounted for Using Equity Method

 

 

December 31

 

 

 

2019

 

 

2020

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Investments in associates

 

$

7,139

 

 

$

6,685

 

Investment in joint venture

 

 

—

 

 

 

10

 

 

 

$

7,139

 

 

$

6,695

 

 
Investments in Associates

 

a.

Investments in associates

 

 

Carrying Amount

 

 

 

December 31

 

 

 

2019

 

 

2020

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Material associate

 

 

 

 

 

 

 

 

Next Commercial Bank Co., Ltd. (“NCB”) (Note)

 

$

4,074

 

 

$

3,777

 

 

 

 

 

 

 

 

 

 

Associates that are not individually material

 

 

 

 

 

 

 

 

Listed

 

 

 

 

 

 

 

 

Senao Networks, Inc. (“SNI”)

 

 

803

 

 

 

841

 

KingwayTek Technology Co., Ltd. (“KWT”)

 

 

217

 

 

 

213

 

 

 

 

 

 

 

 

 

 

Non-listed

 

 

 

 

 

 

 

 

ST-2 Satellite Ventures Pte. Ltd. (“STS”)

 

 

501

 

 

 

488

 

Viettel-CHT Co., Ltd. (“Viettel-CHT”)

 

 

317

 

 

 

363

 

Taiwan International Standard Electronics Co., Ltd. (“TISE”)

 

 

268

 

 

 

324

 

So-net Entertainment Taiwan Limited (“So-net”)

 

 

186

 

 

 

225

 

Chunghwa PChome Fund I Co., Ltd. (“CPFI”)

 

 

194

 

 

 

193

 

KKBOX Taiwan Co., Ltd. (“KKBOXTW”)

 

 

151

 

 

 

163

 

Taiwan International Ports Logistics Corporation (“TIPL”)

 

 

51

 

 

 

56

 

Click Force Co., Ltd. (“CF”)

 

 

37

 

 

 

33

 

Cornerstone Ventures Co., Ltd. (“CVC”)

 

 

5

 

 

 

6

 

Alliance Digital Tech Co., Ltd. (“ADT”)

 

 

3

 

 

 

3

 

UUPON Inc. (“UUPON”)

 

 

(3

)

 

 

—

 

International Integrated System, Inc. (“IISI”)

 

 

335

 

 

 

—

 

MeWorks Limited (HK) (“MeWorks”)

 

 

—

 

 

 

—

 

 

 

$

7,139

 

 

$

6,685

 

The percentages of ownership interests and voting rights in associates held by the Company as of balance sheet dates were as follows:

 

 

 

% of Ownership Interests and

Voting Rights

 

 

 

December 31

 

 

 

2019

 

 

2020

 

Material associate

 

 

 

 

 

 

 

 

Next Commercial Bank Co., Ltd. (“NCB”) (Note)

 

 

42

 

 

 

42

 

 

 

 

 

 

 

 

 

 

Associates that are not individually material

 

 

 

 

 

 

 

 

Senao Networks, Inc. (“SNI”)

 

 

34

 

 

 

34

 

KingwayTek Technology Co., Ltd. (“KWT”)

 

 

23

 

 

 

23

 

ST-2 Satellite Ventures Pte., Ltd. (“STS”)

 

 

38

 

 

 

38

 

Viettel-CHT Co., Ltd. (“Viettel-CHT”)

 

 

30

 

 

 

30

 

Taiwan International Standard Electronics Co., Ltd. (“TISE”)

 

 

40

 

 

 

40

 

So-net Entertainment Taiwan Limited (“So-net”)

 

 

30

 

 

 

30

 

Chunghwa PChome Fund I Co., Ltd. (“CPFI”)

 

 

50

 

 

 

50

 

KKBOX Taiwan Co., Ltd. (“KKBOXTW”)

 

 

30

 

 

 

30

 

Taiwan International Ports Logistics Corporation (“TIPL”)

 

 

27

 

 

 

27

 

Click Force Co., Ltd. (“CF”)

 

 

49

 

 

 

49

 

Cornerstone Ventures Co., Ltd. (“CVC”)

 

 

49

 

 

 

49

 

Alliance Digital Tech Co., Ltd. (“ADT”)

 

 

14

 

 

 

14

 

UUPON Inc. (“UUPON”)

 

 

22

 

 

 

—

 

International Integrated System, Inc. (“IISI”)

 

 

31

 

 

 

—

 

MeWorks Limited (HK) (“MeWorks”)

 

 

20

 

 

 

—

 

 

 

Summarized financial information of NCB was set out below:

 

 

December 31

 

 

December 31

 

 

 

2019

 

 

2020

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Assets

 

$

10,452

 

 

$

9,907

 

Lliabilities

 

 

(728

)

 

 

(789

)

 

 

 

 

 

 

 

 

 

Equity

 

$

9,724

 

 

$

9,118

 

 

 

 

 

 

 

 

 

 

The percentage of ownership interests held by the Company

 

 

41.9

%

 

 

41.9

%

 

 

 

 

 

 

 

 

 

Equity attributable to the Company

 

$

4,074

 

 

$

3,820

 

Unrealized gain or loss from downstream transactions

 

 

—

 

 

 

(43

)

 

 

 

 

 

 

 

 

 

The carrying amount of investment

 

$

4,074

 

 

$

3,777

 

 

 

 

 

Period from the Beginning Date of Preparation to December 31, 2019

 

 

Year Ended December 31, 2020

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Revenues

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

Net loss for the period

 

$

(276

)

 

$

(605

)

Other comprehensive income

 

 

—

 

 

 

—

 

Total comprehensive loss for the period

 

$

(276

)

 

$

(605

)

Summarized financial information of associates that are not individually material to the Company was as follows:

 

 

Year Ended December 31

 

 

 

2018

 

 

2019

 

 

2020

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

 

(In Millions)

 

 

 

 

 

The Company’s share of profits

 

$

509

 

 

$

575

 

 

$

540

 

The Company’s share of other comprehensive income (loss)

 

 

5

 

 

 

(3

)

 

 

(8

)

The Company’s share of total comprehensive income

 

$

514

 

 

$

572

 

 

$

532

 

 

The Level 1 fair values of associates based on the closing market prices as of the balance sheet dates were as follows:

 

 

December 31

 

 

 

2019

 

 

2020

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

SNI

 

$

2,014

 

 

$

1,708

 

KWT

 

$

873

 

 

$

676

 
Investments in Joint Ventures

 

b.

Investment in joint venture

 

 

Carrying Amount

 

 

% of Ownership Interests and Voting Rights

 

 

 

December 31

 

 

December 31

 

Name of Joint Venture

 

2019

 

 

2020

 

 

2019

 

 

2020

 

Non-listed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chunghwa SEA Holdings (“CHT SEA”)

 

$

—

 

 

$

10

 

 

 

—

 

 

 

51