Chunghwa Telecom Reports Accounting Discrepancies

Chunghwa Telecom Co (CHT) has released an update.

Chunghwa Telecom Co. has announced discrepancies between its consolidated financial statements for the first half of 2024, when reported under Taiwan-IFRSs and IFRSs. The variances in consolidated net income, assets, and liabilities are mainly due to the different timing of income tax recognition on unappropriated earnings and the accounting for revenues from fixed line connection services and prepaid phone cards. These accounting principle differences do not affect the total equity but illustrate the variations in financial reporting standards between the two systems.

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