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Investments Accounted for Using Equity Method (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Significant Investments In Associates And Joint Ventures [Abstract]  
Summary of Investments Accounted for Using Equity Method

 

 

December 31

 

 

 

2020

 

 

2021

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Investments in associates

 

$

6,685

 

 

$

7,127

 

Investment in joint venture

 

 

10

 

 

 

10

 

 

 

$

6,695

 

 

$

7,137

 

 

Investments in Associates

 

a.

Investments in associates

 

 

 

Carrying Amount

 

 

 

December 31

 

 

 

2020

 

 

2021

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Material associate

 

 

 

 

 

 

 

 

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

 

$

3,777

 

 

$

3,592

 

 

 

 

 

 

 

 

 

 

Associates that are not individually material

 

 

 

 

 

 

 

 

Listed

 

 

 

 

 

 

 

 

Senao Networks, Inc. (“SNI”)

 

 

841

 

 

 

926

 

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

 

 

213

 

 

 

222

 

 

 

 

 

 

 

 

 

 

Non-listed

 

 

 

 

 

 

 

 

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

 

 

488

 

 

 

518

 

Viettel-CHT Co., Ltd. (“Viettel-CHT”)

 

 

363

 

 

 

447

 

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

 

 

324

 

 

 

341

 

WiAdvance Technology Corporation (“WATC”)

 

 

 

 

 

254

 

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

 

 

193

 

 

 

221

 

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

 

 

225

 

 

 

217

 

KKBOX Taiwan Co., Ltd. (“KKBOXTW”)

 

 

163

 

 

 

157

 

Taiwan International Ports Logistics Corporation (“TIPL”)

 

 

56

 

 

 

70

 

CHT Infinity Singapore Pte. Ltd. (“CISG”)

 

 

 

 

 

55

 

Imedtac Co., Ltd. (“IME”)

 

 

 

 

 

45

 

Click Force Co., Ltd. (“CF”)

 

 

33

 

 

 

37

 

AgriTalk Technology Inc. (“ATT”)

 

 

 

 

 

18

 

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

 

 

6

 

 

 

7

 

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

 

 

3

 

 

 

 

UUPON Inc. (“UUPON”)

 

 

 

 

 

 

International Integrated Systems, Inc. (“IISI”)

 

 

 

 

 

 

MeWorks Limited (HK) (“MeWorks”)

 

 

 

 

 

 

 

 

$

6,685

 

 

$

7,127

 

 

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

 

 

 

2020

 

 

2021

 

Material associate

 

 

 

 

 

 

 

 

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

 

 

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

 

WiAdvance Technology Corporation (“WATC”)

 

 

 

 

 

20

 

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

 

 

50

 

 

 

50

 

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

 

 

30

 

 

 

30

 

KKBOX Taiwan Co., Ltd. (“KKBOXTW”)

 

 

30

 

 

 

30

 

Taiwan International Ports Logistics Corporation (“TIPL”)

 

 

27

 

 

 

27

 

CHT Infinity Singapore Pte. Ltd. (“CISG”)

 

 

 

 

 

40

 

Imedtac Co., Ltd. (“IME”)

 

 

 

 

 

7

 

Click Force Co., Ltd. (“CF”)

 

 

49

 

 

 

49

 

AgriTalk Technology Inc. (“ATT”)

 

 

 

 

 

17

 

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

 

 

49

 

 

 

49

 

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

 

 

14

 

 

 

 

UUPON Inc. (“UUPON”)

 

 

 

 

 

 

International Integrated Systems, Inc. (“IISI”)

 

 

 

 

 

 

MeWorks Limited (HK) (“MeWorks”)

 

 

 

 

 

 

 

Summarized financial information of NCB was set out below:

 

 

 

December 31

 

 

 

2020

 

 

2021

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Assets

 

$

9,907

 

 

$

9,197

 

Lliabilities

 

 

(789

)

 

 

(525

)

 

 

 

 

 

 

 

 

 

Equity

 

$

9,118

 

 

$

8,672

 

 

 

 

 

 

 

 

 

 

The percentage of ownership interest held by the Company

 

 

41.9

%

 

 

41.9

%

 

 

 

 

 

 

 

 

 

Equity attributable to the Company

 

$

3,820

 

 

$

3,634

 

Unrealized gain or loss from downstream transactions

 

 

(43

)

 

 

(42

)

 

 

 

 

 

 

 

 

 

The carrying amount of investment

 

$

3,777

 

 

$

3,592

 

 

 

 

Period from

the

Beginning

Date of

Preparation to

December 31,

2019

 

 

Year Ended December 31

 

 

 

 

 

 

2020

 

 

2021

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Revenues

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss for the period

 

$

(276

)

 

$

(605

)

 

$

(446

)

Other comprehensive income

 

 

 

 

 

 

 

 

 

Total comprehensive loss for the period

 

$

(276

)

 

$

(605

)

 

$

(446

)

 

Except for NCB, no associate is considered individually material to the Company.  Summarized financial information of associates that are not individually material to the Company was as follows:

 

 

 

Year Ended December 31

 

 

 

2019

 

 

2020

 

 

2021

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

 

(In Millions)

 

 

 

 

 

The Company’s share of profits

 

$

575

 

 

$

540

 

 

$

607

 

The Company’s share of other comprehensive loss

 

 

(3

)

 

 

(8

)

 

 

(6

)

The Company’s share of total comprehensive income

 

$

572

 

 

$

532

 

 

$

601

 

 

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

 

 

 

December 31

 

 

 

2020

 

 

2021

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

SNI

 

$

1,708

 

 

$

1,699

 

KWT

 

$

676

 

 

$

910

 

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

 

2020

 

 

2021

 

 

2020

 

 

2021

 

Non-listed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chunghwa SEA Holdings (“CHT SEA”)

 

$

10

 

 

$

10

 

 

 

51

 

 

 

51

 

The joint venture is not considered individually material to the Company.  Summarized financial information of CHT SEA was set out below:

 

 

 

Year Ended December 31

 

 

 

2020

 

 

2021

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

The Company’s share of loss

 

$

 

 

$

 

The Company’s share of other comprehensive

   income

 

 

 

 

 

 

The Company’s share of total comprehensive loss

 

$

 

 

$