CHT(CHT) - 2021 Q4 - Annual Report

Chunghwa Telecom Form 6-K Filing (April 15, 2022) Reconciliation of 2021 Financial Statements (Taiwan-IFRSs vs. IFRSs) The report reconciles 2021 financial statements under Taiwan-IFRSs and IFRSs, highlighting differences in income tax and historical revenue recognition Financial Results under Taiwan-IFRSs (Year 2021) The company reported a consolidated net income of NT$37,195 million and total equity of NT$391,262 million under Taiwan-IFRSs for 2021 Financial Metrics (Taiwan-IFRSs) | Financial Metric | Amount (NT$ thousands) | | :--- | :--- | | Consolidated Net Income | 37,194,879 | | Net Income Attributable to Parent | 35,753,579 | | Basic Earnings Per Share | NT$4.61 | | Total Consolidated Assets | 513,070,360 | | Total Consolidated Liabilities | 121,807,910 | | Total Consolidated Equity | 391,262,450 | Financial Results under IFRSs (Year 2021) The company reported a consolidated net income of NT$37,047 million and total equity of NT$389,130 million under IFRSs for 2021 Financial Metrics (IFRSs) | Financial Metric | Amount (NT$ millions) | | :--- | :--- | | Consolidated Net Income | 37,047 | | Net Income Attributable to Parent | 35,616 | | Basic Earnings Per Share | NT$4.59 | | Total Consolidated Assets | 512,875 | | Total Consolidated Liabilities | 123,745 | | Total Consolidated Equity | 389,130 | Explanation of Differences Discrepancies between standards stem from the timing of income tax recognition and historical revenue recognition methods - The main difference stems from the timing of recognizing income tax on unappropriated earnings[5] - Historical differences in revenue recognition for fixed-line connection fees and prepaid phone cards prior to incorporation also contribute, though this reclassification did not affect total equity[5] Basis for Earnings Distribution Earnings distribution and equity matters are governed by financial statements prepared under Taiwan-IFRSs - Chunghwa Telecom's earnings distribution and stockholders' equity matters are determined in accordance with Taiwan-IFRSs[6]