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Related Parties Transactions | 12 Months Ended
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Dec. 31, 2024
Related party transactions [abstract] |
Related Parties Transactions | 40. RELATED PARTIES TRANSACTIONS The ROC Government has significant equity interest in Chunghwa. Chunghwa provides fixed-line services, mobile services, internet and data and other services to the various departments and institutions of the ROC Government in the normal course of business and at arm’s-length prices. Except for those disclosed in other notes or this note, the transactions with the ROC government bodies have not been disclosed because the transactions are not individually or collectively significant. However, the related revenues and operating costs have been appropriately recorded. a. The Company engages in business transactions with the following related parties:
Company |  | Relationship
Taiwan International Standard Electronics Co., Ltd. |  | Associate
So-net Entertainment Taiwan Limited |  | Associate
KKBOX Taiwan Co., Ltd. |  | Associate
KingwayTek Technology Co., Ltd. |  | Associate
Taiwan International Ports Logistics Corporation |  | Associate
Senao Networks, Inc. |  | Associate
EnGenius Networks Inc. |  | Subsidiary of the Company’s associate, SNI
EnRack Technology Inc. |  | Subsidiary of the Company’s associate, SNI
Emplus Technologies, Inc. |  | Subsidiary of the Company’s associate, SNI
ST-2 Satellite Ventures Pte., Ltd. |  | Associate
CHT Infinity Singapore Pte., Ltd. |  | Associate
Viettel-CHT Co., Ltd. |  | Associate
PT. CHT Infinity Indonesia |  | Subsidiary of the Company’s associate, CISG
Click Force Co., Ltd. |  | Associate
Chunghwa PChome Fund I Co., Ltd. |  | Associate
Cornerstone Ventures Co., Ltd. |  | Associate
Next Commercial Bank Co., Ltd. |  | Associate
WiAdvance Technology Corporation |  | Associate
AgriTalk Technology Inc. |  | Associate
Imedtac Co., Ltd. |  | Associate
Baohwa Trust Co., Ltd. |  | Associate
Porrima Inc. |  | Associate
Taiwania Hive Technology Fund L.P. |  | Associate
Chunghwa SEA Holdings |  | Joint venture
Other related parties |  |
Chunghwa Telecom Foundation |  | A nonprofit organization of which the funds donated by Chunghwa exceeds one third of its total funds
Senao Technical and Cultural Foundation |  | A nonprofit organization of which the funds donated by SENAO exceeds one third of its total funds
Sochamp Technology Co., Ltd. |  | Investor of significant influence over CHST
Tsann Kuen Enterprise Co., Ltd. |  | Substantial related party of SENAO
E-Life Mall Co., Ltd. |  | Substantial related party of SENAO
Engenius Technologies Co., Ltd. |  | Substantial related party of SENAO
Cheng Keng Investment Co., Ltd. |  | Substantial related party of SENAO
Cheng Feng Investment Co., Ltd. |  | Substantial related party of SENAO
All Oriented Investment Co., Ltd. |  | Substantial related party of SENAO
Hwa Shun Investment Co., Ltd. |  | Substantial related party of SENAO
Yu Yu Investment Co., Ltd. |  | Substantial related party of SENAO
Kangsin Co., Ltd. |  | Substantial related party of SENAO
United Daily News Co., Ltd. |  | Investor of significant influence over SFD
Shenzhen Century Communication Co., Ltd. |  | Investor of significant influence over SCT
Advantech Co., Ltd. |  | Investor of significant influence over IISI
Z-Com, Inc. |  | Investor of significant influence over CHST
b. Balances and transactions between Chunghwa and its subsidiaries, which are related parties of Chunghwa, have been eliminated on consolidation and are not disclosed in this note. Terms of the foregoing transactions with related parties were not significantly different from transactions with non-related parties. When no similar transactions with non-related parties can be referenced, terms were determined in accordance with mutual agreements. Details of transactions between the Company and other related parties are disclosed below: 1) Operating transactions
|  | Revenues |
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
Associates |  | $ | 417 |  |  | $ | 403 |  |  | $ | 402 |
Others |  |  | 61 |  |  |  | 57 |  |  |  | 65 |
|  | $ | 478 |  |  | $ | 460 |  |  | $ | 467 |
|  | Operating Costs and Expenses |
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
Associates |  | $ | 1,247 |  |  | $ | 1,322 |  |  | $ | 1,108 |
Others |  |  | 80 |  |  |  | 74 |  |  |  | 82 |
|  | $ | 1,327 |  |  | $ | 1,396 |  |  | $ | 1,190 |
2) Non-operating transactions
|  | Non-operating Income and Expenses |
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  |  |  |  | (In Millions) |  |  |  |
Associates |  | $ | 37 |  |  | $ | 38 |  |  | $ | 40 |
Others |  |  | 2 |  |  |  | 2 |  |  |  | 1 |
|  | $ | 39 |  |  | $ | 40 |  |  | $ | 41 |
3) Receivables
|  | December 31 |
|  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Associates |  | $ | 76 |  |  | $ | 184 |
Others |  |  | 2 |  |  |  | 9 |
|  | $ | 78 |  |  | $ | 193 |
4) Payables
|  | December 31 |
|  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Associates |  | $ | 381 |  |  | $ | 476 |
Others |  |  | 4 |  |  |  | 4 |
|  | $ | 385 |  |  | $ | 480 |
5) Customers’ deposits
|  | December 31 |
|  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Associates |  | $ | 20 |  |  | $ | 4 |
Others |  |  | — |  |  |  | — |
|  | $ | 20 |  |  | $ | 4 |
6) Acquisition of property, plant and equipment
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
Associates |  | $ | 32 |  |  | $ | 173 |  |  | $ | 144 |
7) Acquisition of intangible assets
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  | (In Millions) |
Associates |  | $ | 1 |  |  | $ | — |  |  | $ | — |
8) Lease-in agreements Chunghwa entered into a contract with ST-2 Satellite Ventures Pte., Ltd. on March 12, 2010 to lease capacity on the ST-2 satellite. This lease term is for 15 years which should start from the official operation of ST-2 satellite and the total contract value is approximately $6,000 million (SGD 261 million), including a prepayment of $3,068 million at the inception of the lease, and the rest of amount should be paid annually when ST-2 satellite starts its official operation. ST-2 satellite was launched in May 2011 and began its official operation in August 2011. As ST-2 satellite is in good operating condition, the useful life is extended for another 3 years and 3 months after evaluation in 2021. The Board of Directors of Chunghwa approved to extend the lease period accordingly with the original contract terms in December 2021; therefore, Chunghwa acquired right-of-use asset of $1,125 million from the aforementioned lease extension. The lease liabilities of ST-2 Satellite Ventures Pte., Ltd. as of December 31, 2023 and 2024 were as follows:
|  | December 31 |
|  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Lease liabilities - current |  | $ | 197 |  |  | $ | 204 |
Lease liabilities - noncurrent |  |  | 1,603 |  |  |  | 1,463 |
|  | $ | 1,800 |  |  | $ | 1,667 |
The interest expense recognized for the aforementioned lease liabilities for the years ended December 31, 2022, 2023 and 2024 were $8 million, $8 million and $7 million, respectively. 9) Others The bank deposits and other financial assets of NCB as of December 31, 2023 and 2024 were as follows:
|  | December 31 |
|  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |
|  | (In Millions) |
Bank deposits and other financial assets |  | $ | 1,132 |  |  | $ | 2,709 |
The interest income recognized for the aforementioned bank deposits and other financial assets for the year ended December 31, 2023 and 2024 were $1 million and $25 million, respectively. c. Compensation of key management personnel The compensation of directors and key management personnel was as follows:
|  | Year Ended December 31 |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | NT$ |  |  | NT$ |  |  | NT$ |
|  |  |  |  | (In Millions) |  |  |  |
Short-term employee benefits |  | $ | 360 |  |  | $ | 352 |  |  | $ | 369 |
Post-employment benefits |  |  | 8 |  |  |  | 26 |  |  |  | 9 |
Share-based payment |  |  | 2 |  |  |  | 1 |  |  |  | 1 |
Termination benefits |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 370 |  |  | $ | 379 |  |  | $ | 379 |
The compensation of directors and key management personnel was mainly determined by the compensation committee having regard to the performances and market trends.

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2024-01-01 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2024-03-27 + Details
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