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Subsidiaries | 12 Months Ended
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Dec. 31, 2024
Disclosure of subsidiaries [abstract] |
Subsidiaries | 15. SUBSID IARIES a. Information on subsidiaries with material noncontrolling interests 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 |  | 2023 |  | 2024
SENAO |  | Taiwan |  | 72% |  | 72%
CHPT |  | Taiwan |  | 66% |  | 66%
|  | Profit Allocated to Noncontrolling Interests |  |  | Accumulated Noncontrolling Interests |
|  | Year Ended December 31 |  |  | December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
SENAO |  | $ | 462 |  |  | $ | 510 |  |  | $ | 353 |  |  | $ | 4,533 |  |  | $ | 4,549 |
CHPT |  | $ | 496 |  |  | $ | 15 |  |  | $ | 295 |  |  |  | 4,994 |  |  |  | 5,289 |
Individually immaterial subsidiaries with noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  | 2,905 |  |  |  | 3,142 |
|  |  |  |  |  |  |  |  |  |  | $ | 12,432 |  |  | $ | 12,980 |
Summarized financial information in respect of SENAO and its subsidiaries that has material noncontrolling interests is set out below. The summarized financial information below represented amounts before intercompany eliminations.
|  | December 31 |
|  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Current assets |  | $ | 6,540 |  |  | $ | 6,738 |
Noncurrent assets |  | $ | 3,141 |  |  | $ | 3,522 |
Current liabilities |  | $ | 2,982 |  |  | $ | 3,582 |
Noncurrent liabilities |  | $ | 459 |  |  | $ | 416 |
Equity attributable to the parent |  | $ | 1,707 |  |  | $ | 1,713 |
Equity attributable to noncontrolling interests |  | $ | 4,533 |  |  | $ | 4,549 |
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  |  |  |  | (In Millions) |  |  |  |
Revenues and income |  | $ | 31,602 |  |  | $ | 31,675 |  |  | $ | 32,503 |
Costs and expenses |  |  | 30,958 |  |  |  | 30,964 |  |  |  | 32,012 |
Profit for the year |  | $ | 644 |  |  | $ | 711 |  |  | $ | 491 |
Profit attributable to the parent |  | $ | 182 |  |  | $ | 201 |  |  | $ | 138 |
Profit attributable to noncontrolling interests |  |  | 462 |  |  |  | 510 |  |  |  | 353 |
Profit for the year |  | $ | 644 |  |  | $ | 711 |  |  | $ | 491 |
Other comprehensive income (loss) attributable to the parent |  | $ | 11 |  |  | $ | (9 | ) |  | $ | 11 |
Other comprehensive income (loss) attributable to noncontrolling interests |  |  | 26 |  |  |  | (23 | ) |  |  | 30 |
Other comprehensive income (loss) for the year |  | $ | 37 |  |  | $ | (32 | ) |  | $ | 41 |
Total comprehensive income attributable to the parent |  | $ | 192 |  |  | $ | 192 |  |  | $ | 149 |
Total comprehensive income attributable to noncontrolling interests |  |  | 488 |  |  |  | 487 |  |  |  | 383 |
Total comprehensive income for the year |  | $ | 680 |  |  | $ | 679 |  |  | $ | 532 |
Net cash flow from operating activities |  | $ | (329 | ) |  | $ | 1,146 |  |  | $ | 904 |
Net cash flow from investing activities |  |  | 36 |  |  |  | 36 |  |  |  | (356 | )
Net cash flow from financing activities |  |  | (826 | ) |  |  | (873 | ) |  |  | (819 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | 1 |  |  |  | — |  |  |  | — |
Net cash inflow (outflow) |  | $ | (1,118 | ) |  | $ | 309 |  |  | $ | (271 | )
Dividends paid to noncontrolling interests |  | $ | 371 |  |  | $ | 408 |  |  | $ | 371 |
Summarized financial information in respect of CHPT and its subsidiaries that has material noncontrolling interests is set out below. The summarized financial information below represented amounts before intercompany eliminations.
|  | December 31 |
|  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Current assets |  | $ | 3,773 |  |  | $ | 4,936 |
Noncurrent assets |  | $ | 4,499 |  |  | $ | 4,222 |
Current liabilities |  | $ | 677 |  |  | $ | 1,102 |
Noncurrent liabilities |  | $ | 23 |  |  | $ | 21 |
Equity attributable to CHI |  | $ | 2,578 |  |  | $ | 2,746 |
Equity attributable to noncontrolling interests |  | $ | 4,994 |  |  | $ | 5,289 |
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  |  |  |  | (In Millions) |  |  |  |
Revenues and income |  | $ | 4,434 |  |  | $ | 2,941 |  |  | $ | 3,670 |
Costs and expenses |  |  | 3,673 |  |  |  | 2,905 |  |  |  | 3,207 |
Profit for the year |  | $ | 761 |  |  | $ | 36 |  |  | $ | 463 |
Profit attributable to CHI |  | $ | 265 |  |  | $ | 21 |  |  | $ | 168 |
Profit attributable to noncontrolling interests |  |  | 496 |  |  |  | 15 |  |  |  | 295 |
Profit for the year |  | $ | 761 |  |  | $ | 36 |  |  | $ | 463 |
Other comprehensive income (loss) attributable to CHI |  | $ | 5 |  |  | $ | (1 | ) |  | $ | 6 |
Other comprehensive income (loss) attributable to noncontrolling interests |  |  | 7 |  |  |  | (2 | ) |  |  | 10 |
Other comprehensive income (loss) for the year |  | $ | 12 |  |  | $ | (3 | ) |  | $ | 16 |
Total comprehensive income attributable to CHI |  | $ | 270 |  |  | $ | 20 |  |  | $ | 174 |
Total comprehensive income attributable to noncontrolling interests |  |  | 503 |  |  |  | 13 |  |  |  | 305 |
Total comprehensive income for the year |  | $ | 773 |  |  | $ | 33 |  |  | $ | 479 |
Net cash flow from operating activities |  | $ | 1,401 |  |  | $ | 325 |  |  | $ | 616 |
Net cash flow from investing activities |  |  | (1,011 | ) |  |  | (244 | ) |  |  | (188 | )
Net cash flow from financing activities |  |  | (388 | ) |  |  | (409 | ) |  |  | (43 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | 8 |  |  |  | (2 | ) |  |  | 15 |
Net cash inflow (outflow) |  | $ | 10 |  |  | $ | (330 | ) |  | $ | 400 |
Dividends paid to noncontrolling interests |  | $ | 293 |  |  | $ | 253 |  |  | $ | 11 |
b. Equity transactions with noncontrolling interests Chunghwa did not participate in the capital increase of CHST in November 2022. Therefore, the Company’s ownership interest in CHST decreased. CHIEF issued new shares in March 2022, December 2022, December 2023 and December 2024 as its employees exercised options. Therefore, the Company’s ownership interest in CHIEF decreased. See Note 35(a) for details. CHTSC issued new shares in February 2022, May 2022, February 2023, May 2023, January 2024, March 2024 and December 2024 as its employees exercised options. In addition, Chunghwa disposed of some shares of CHTSC in August 2024 before CHTSC traded its shares on the emerging stock market according to the local requirements. Therefore, the Company’s ownership interest in CHTSC decreased. See Note 35(b) for details. IISI purchased shares of UTC in August 2023. Therefore, the Company’s ownership interest in UTC increased. Chunghwa disposed of some shares of IISI in August 2024 before IISI traded its shares on the emerging stock market according to the local requirements. Therefore, the Company’s ownership interest in IISI decreased. CLPT issued new shares in May 2023 and July 2024 as its employees exercised options. Therefore, the Company’s ownership interest in CLPT decreased. See Note 35(c) for details. 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, 2022, 2023 and 2024 was as follows:
|  | Year Ended December 31, 2022 |
|  | CHIEF Share-Based Payment |  |  | CHTSC Share-Based Payment |  |  | Chunghwa Not Proportionately Participating in the Capital Increase of CHST |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
Cash consideration received from noncontrolling interests |  | $ | 39 |  |  | $ | 35 |  |  | $ | 15 |
The proportionate share of the carrying amount of the net assets of the subsidiary transferred to noncontrolling interests |  |  | (17 | ) |  |  | (30 | ) |  |  | (10 | )
Differences arising from equity transactions |  | $ | 22 |  |  | $ | 5 |  |  | $ | 5 |
Line items for equity transaction adjustments |  |  |  |  |  |  |  |  |
Additional paid-in capital - arising from changes in equities of subsidiaries |  | $ | 22 |  |  | $ | 5 |  |  | $ | 5 |
|  | Year Ended December 31, 2023 |
|  | CHIEF Share-Based Payment |  |  | CHTSC Share-Based Payment |  |  | CLPT Share-Based Payment |  |  | Purchasing UTC shares |
|  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
Cash consideration received from (paid to) noncontrolling interests(Note) |  | $ | 8 |  |  | $ | 15 |  |  | $ | 1 |  |  | $ | — |
The proportionate share of the carrying amount of the net assets of the subsidiary transferred from (to) noncontrolling interests |  |  | (2 | ) |  |  | (13 | ) |  |  | (1 | ) |  |  | — |
Differences arising from equity transactions |  | $ | 6 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |
Line items for equity transaction adjustments |  |  |  |  |  |  |  |  |  |  |  |
Additional paid-in capital - arising from the difference between the consideration received or paid and the carrying amount of the subsidiaries’ net assets during actual disposal or acquisition |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Additional paid-in capital - arising from changes in equities of subsidiaries |  | $ | 6 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |
|  | Year Ended December 31, 2024 |
|  | CHIEF Share-Based Payment |  |  | CHTSC Share-Based Payment |  |  | CLPT Share-Based Payment |  |  | Disposal of CHTSC Shares |  |  | Disposal of IISI Shares |
|  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
Cash consideration received from noncontrolling interests (Note) |  | $ | 14 |  |  | $ | 14 |  |  | $ | 9 |  |  | $ | 207 |  |  | $ | 52 |
The proportionate share of the carrying amount of the net assets of the subsidiary transferred to noncontrolling interests |  |  | (10 | ) |  |  | (14 | ) |  |  | (13 | ) |  |  | (19 | ) |  |  | (16 | )
Differences arising from equity transactions |  | $ | 4 |  |  | $ | — |  |  | $ | (4 | ) |  | $ | 188 |  |  | $ | 36 |
Line items for equity transaction adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additional paid-in capital - arising from the difference between the consideration received or paid and the carrying amount of the subsidiaries’ net assets during actual disposal or acquisition |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 188 |  |  | $ | 36 |
Additional paid-in capital - arising from changes in equities of subsidiaries |  | $ | 4 |  |  | $ | — |  |  | $ | (4 | ) |  | $ | — |  |  | $ | — |
Note: The proceeds from the new shares issued in February 2023 and January 2024 by CHTSC have been received in advance in December 2022 and December 2023, respectively.

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