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42. |
SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED COMMITMENTS |
The Company’s significant contingent liabilities and recognized commitments, excluding those disclosed in other notes, were as follows:
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a. |
Acquisitions of land and buildings of $118 million as of December 31, 2017. |
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b. |
Acquisitions of telecommunications equipment of $16,199 million as of December 31, 2017. |
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c. |
Unused letters of credit amounting to $50 million as of December 31, 2017. |
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d. |
A commitment to contribute $2,000 million to a Piping Fund administered by the Taipei City Government, of which $1,000 million was contributed by Chunghwa on August 15, 1996 (classified as other monetary assets - noncurrent). If the fund is not sufficient, Chunghwa will contribute the remaining $1,000 million upon notification from the Taipei City Government. |
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e. |
CHPT signed the contract for its headquarters construction amounted to $1,614 million in July 2017. The payment of $98 million has been made as of March 31, 2018. |