XML 75 R61.htm IDEA: XBRL DOCUMENT

Investment Properties (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about investment property [abstract]

Summary of Investment Properties


		December 31
		2022				2023
		NT$				NT$
		(In Millions)
Carrying amount
Investment properties		$	9,804			$	9,805


				Investment Properties
				NT$
				(In Millions)
Cost
Balance on January 1, 2021				$	10,662
Additions					1
Balance on December 31, 2021				$	10,663
Accumulated depreciation and impairment
Balance on January 1, 2021				$	(1,041	)
Depreciation expense					(42	)
Reversal of impairment loss					83
Balance on December 31, 2021				$	(1,000	)
Balance on December 31, 2021, net				$	9,663
Cost
Balance on January 1, 2022				$	10,663
Additions					18
Reclassification					99
Balance on December 31, 2022				$	10,780
Accumulated depreciation and impairment
Balance on January 1, 2022				$	(1,000	)
Depreciation expense					(44	)
Reversal of impairment loss					107
Reclassification					(39	)
Balance on December 31, 2022				$	(976	)
Balance on December 31, 2022, net				$	9,804
Cost
Balance on January 1, 2023				$	10,780
Additions					54
Reclassification					328
Balance on December 31, 2023				$	11,162
Accumulated depreciation and impairment
Balance on January 1, 2023				$	(976	)
Depreciation expense					(45	)
Impairment loss					(336	)
Balance on December 31, 2023				$	(1,357	)
Balance on December 31, 2023, net				$	9,805

Estimated Service Lives of Investment Properties

Depreciation expense is computed using the straight-line method over the following estimated service lives:


Land improvements		10-30 years
Buildings
Main buildings		35-60 years
Other building facilities		4-10 years

Key Assumptions and Fair Values of Investment Properties

The fair values of the Company’s investment properties as of December 31, 2022 and 2023 were determined by Level 3 fair value measurements inputs based on the appraisal reports conducted by independent appraisers. Those appraisal reports are based on the comparison approach, income approach or cost approach. Key assumptions and the fair values were as follows:


			December 31
			2022			2023
			NT$			NT$
			(In Millions)
Fair value		$	$ 25,328		$	$ 24,237
Overall capital interest rate			1.31%-4.91%			1.43%-5.51%
Profit margin ratio			8%-20%			10%-20%
Discount rate			—			—
Capitalization rate			0.23%-2.16%			0.23%-2.28%

Summary of Future Aggregate Lease Collection under Operating Lease for Freehold Plant, Property and Equipment

The future aggregate lease collection under operating lease for investment properties is as follows:


		December 31
		2022				2023
		NT$				NT$
		(In Millions)
Year 1		$	118			$	168
Year 2			99				157
Year 3			90				134
Year 4			70				105
Year 5			44				83
Onwards			149				435
		$	570			$	1,082