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Other Assets
 12 Months Ended
Dec. 31, 2023
Miscellaneous assets [abstract]  
Other Assets
20.
OTHER ASSETS

 

 

 

December 31

 

 

 

2022

 

 

2023

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Spare parts

 

$

3,380

 

 

$

2,233

 

Refundable deposits

 

 

1,964

 

 

 

1,995

 

Other financial assets

 

 

1,000

 

 

 

1,000

 

Others

 

 

1,916

 

 

 

2,223

 

 

 

$

8,260

 

 

$

7,451

 

Current

 

 

 

 

 

 

Spare parts

 

$

3,380

 

 

$

2,233

 

Others

 

 

175

 

 

 

589

 

 

 

$

3,555

 

 

$

2,822

 

Noncurrent

 

 

 

 

 

 

Refundable deposits

 

$

1,964

 

 

$

1,995

 

Other financial assets

 

 

1,000

 

 

 

1,000

 

Others

 

 

1,741

 

 

 

1,634

 

 

 

$

4,705

 

 

$

4,629

 

 

Other financial assets - noncurrent was Piping Fund. As part of the government’s effort to upgrade the existing telecommunications infrastructure, Chunghwa and other public utility companies were required by the

ROC government to contribute to a Piping Fund administered by the Taipei City Government. This fund was used to finance various telecommunications infrastructure projects. Net assets of this fund will be returned proportionately after the project is completed.