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Investments Accounted for Using Equity Method (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure Of Significant Investments In Associates And Joint Ventures [Abstract]  
Summary of Investments Accounted for Using Equity Method

 

 

December 31

 

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Investments in associates

 

$

8,243

 

 

$

8,870

 

Investment in joint venture

 

 

9

 

 

 

9

 

 

 

$

8,252

 

 

$

8,879

 

Investments in Associates
a.
Investments in associates

Investments in associates were as follows:

 

 

 

Carrying Amount

 

 

 

December 31

 

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Material associate

 

 

 

 

 

 

Non-listed

 

 

 

 

 

 

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

 

$

4,293

 

 

$

3,951

 

 

 

 

 

 

 

 

Associates that are not individually material

 

 

 

 

 

 

Listed

 

 

 

 

 

 

Senao Networks, Inc. (“SNI”)

 

 

1,409

 

 

 

1,849

 

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

 

 

229

 

 

 

242

 

 

 

 

 

 

 

 

Non-listed

 

 

 

 

 

 

Viettel-CHT Co., Ltd. (“Viettel-CHT”)

 

 

543

 

 

 

573

 

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

 

 

309

 

 

 

373

 

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

 

 

285

 

 

 

313

 

Taiwania Hive Technology Fund L.P. (“TWTF”)

 

 

 

 

 

276

 

WiAdvance Technology Corporation (“WATC”)

 

 

212

 

 

 

274

 

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

 

 

258

 

 

 

253

 

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

 

 

226

 

 

 

193

 

KKBOX Taiwan Co., Ltd. (“KKBOXTW”)

 

 

165

 

 

 

151

 

Taiwan International Ports Logistics Corporation (“TIPL”)

 

 

120

 

 

 

132

 

Porrima Inc. (“PORRIMA”)

 

 

 

 

 

78

 

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

 

 

57

 

 

 

61

 

Imedtac Co., Ltd. (“IME”)

 

 

47

 

 

 

57

 

Click Force Co., Ltd. (“CF”)

 

 

42

 

 

 

51

 

AgriTalk Technology Inc. (“ATT”)

 

 

31

 

 

 

26

 

Baohwa Trust Co., Ltd. (“BHT”)

 

 

10

 

 

 

12

 

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

 

 

7

 

 

 

5

 

 

 

$

8,243

 

 

$

8,870

 

 

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

 

 

 

2023

 

 

2024

 

Material associate

 

 

 

 

 

 

Non-listed

 

 

 

 

 

 

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

 

 

46

 

 

 

46

 

 

 

 

 

 

 

 

Associates that are not individually material

 

 

 

 

 

 

Listed

 

 

 

 

 

 

Senao Networks, Inc. (“SNI”)

 

 

34

 

 

 

33

 

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

 

 

23

 

 

 

23

 

 

 

 

 

 

 

 

Non-listed

 

 

 

 

 

 

Viettel-CHT Co., Ltd. (“Viettel-CHT”)

 

 

30

 

 

 

30

 

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

 

 

40

 

 

 

40

 

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

 

 

38

 

 

 

38

 

Taiwania Hive Technology Fund L.P. (“TWTF”)

 

 

 

 

 

42

 

WiAdvance Technology Corporation (“WATC”)

 

 

19

 

 

 

16

 

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

 

Porrima Inc. (“PORRIMA”)

 

 

 

 

 

10

 

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

 

 

40

 

 

 

40

 

Imedtac Co., Ltd. (“IME”)

 

 

7

 

 

 

10

 

Click Force Co., Ltd. (“CF”)

 

 

49

 

 

 

49

 

AgriTalk Technology Inc. (“ATT”)

 

 

29

 

 

 

29

 

Baohwa Trust Co., Ltd. (“BHT”)

 

 

25

 

 

 

25

 

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

 

 

49

 

 

 

49

 

 

Summarized financial information of NCB was set out below:

 

 

 

December 31

 

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Assets

 

$

37,431

 

 

$

48,637

 

Liabilities

 

 

(28,084

)

 

 

(40,043

)

 

 

 

 

 

 

Equity

 

$

9,347

 

 

$

8,594

 

 

 

 

 

 

 

The percentage of ownership interest held by the Company

 

 

46.26

%

 

 

46.26

%

 

 

 

 

 

 

Equity attributable to the Company

 

$

4,324

 

 

$

3,975

 

Unrealized gain or loss from downstream transactions

 

 

(31

)

 

 

(24

)

 

 

 

 

 

 

The carrying amount of investment

 

$

4,293

 

 

$

3,951

 

 

 

 

 

Year Ended December 31

 

 

 

2022

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

(In Millions)

 

 

 

 

Net Revenues (losses)

 

$

(47

)

 

$

10

 

 

$

314

 

 

 

 

 

 

 

 

 

 

 

Net loss for the period

 

$

(1,004

)

 

$

(969

)

 

$

(747

)

Other comprehensive income (loss)

 

 

(10

)

 

 

14

 

 

 

(6

)

Total comprehensive loss for the period

 

$

(1,014

)

 

$

(955

)

 

$

(753

)

 

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

 

 

 

2022

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

(In Millions)

 

 

 

 

The Company’s share of profits

 

$

868

 

 

$

647

 

 

$

494

 

The Company’s share of other comprehensive income (loss)

 

 

13

 

 

 

(23

)

 

 

40

 

The Company’s share of total comprehensive income

 

$

881

 

 

$

624

 

 

$

534

 

 

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

 

 

 

December 31

 

 

 

2023

 

 

2024

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

SNI

 

$

4,062

 

 

$

3,838

 

KWT

 

$

988

 

 

$

897

 

Investments in Joint Ventures
b.
Investment in joint venture

Investment in joint venture was as follows:

 

 

 

Carrying Amount

 

 

% of Ownership Interests and Voting Rights

 

 

 

December 31

 

 

December 31

 

Name of Joint Venture

 

2023

 

 

2024

 

 

2023

 

 

2024

 

Non-listed

 

 

 

 

 

 

 

 

 

 

 

 

Chunghwa SEA Holdings (“CHT SEA”)

 

$

9

 

 

$

9

 

 

 

51

 

 

 

51

 

 

Summarized financial information of CHT SEA was set out below:

 

 

 

Year Ended December 31

 

 

 

2022

 

 

2023

 

 

2024

 

 

 

NT$

 

 

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

 

$

 

 

$

 

 

$