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Chunghwa Telecom Announces Earnings and Cash Distribution from Capital Surplus for 2013
By Vincent Wang
Published: Mar 25,2014
TAIPEI, Taiwan — Chunghwa Telecom Corp. today announced that its Board of Directors has approved the earnings and cash distribution from its capital surplus for 2013. The cash distribution from distributable earnings and capital surplus paid to shareholders will be approximately NT$35.1 billion, or NT$4.5251 per share.
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Mainly based on the current number of shares outstanding, with NT$2.3881 representing the earnings per share distribution for fiscal year 2013 and NT$2.137 representing the cash distribution per share from capital surplus. A timetable will be announced following the shareholders' approval of this proposal at the Annual General Meeting scheduled on June 24, 2014.
Due to the adoption of Taiwan International Financial Reporting Standards or T-IFRSs, initial amount of retained earnings in 2013 were reduced. To compensate for the reduction, the Board of Directors will allocate the cash distribution from capital surplus.
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