CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In Millions of New Taiwan or U.S. Dollars, Except Earnings Per Share That Are in New Taiwan or U.S. Dollars) Year Ended December 31 2009 2010 2011 Notes NT$ NT$ NT$ US$ (Note 3) ATTRIBUTABLE TO: Stockholders of the parent $  43,757 $  47,609 $  47,068 $  1,555 Minority interests 738 949 1,027 34 $  44,495 $  48,558 $  48,095 $  1,589 BASIC EARNINGS PER SHARE 27 Before income tax $  5.79 $  5.82 $  7.11 $  0.23 After income tax 4.51 4.91 6.04 0.20 DILUTED EARNINGS PER SHARE 27 Before income tax $  5.77 $  5.80 $  7.09 $  0.23 After income tax 4.50 4.89 6.03 0.20 BASIC EARNINGS PER EQUIVALENT ADS Before income tax $  57.96 $  58.20 $  71.10 $  2.35 After income tax 45.16 49.10 60.43 2.00 DILUTED EARNINGS PER EQUIVALENT ADS Before income tax $  57.77 $  58.02 $  70.89 $  2.34 After income tax 45.01 48.95 60.25 1.99 BASIC WEIGHTED AVERAGE SHARES  OUTSTANDING (THOUSANDS) 27 9,696,808 9,696,808 7,789,326 DILUTED WEIGHTED AVERAGE SHARES  OUTSTANDING (THOUSANDS) 27 9,725,614 9,725,461 7,810,605 (Concluded) The accompanying notes are an integral part of the consolidated financial statements.  PART III F-5