CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES  CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY  (In Millions of New Taiwan or U.S. Dollars, Except Shares Data and Par Value)  Equity Attributable to Stockholders of the Parent  Unrealized  Gain  (Loss) on  Financial  Instruments Unrealized  Revaluation  Increment Total  Stockholders’  Equity Cumulative  Translation  Adjustments Unrecognized  Net  Loss  of Pension Tr easury Stock Minority  Interests NT$ NT$ NT$ NT$ NT$ NT$ NT$ BALANCE, JANUARY 1, 2008 $(2) $ — $ 37 $ 5,823 $ (7,107) $ 2,775 $ 397,842 Adjustment of additional paid-in capital from revaluation of land to income upon disposal — — — (10) — — (10) Appropriation of 2007 earnings Legal reserve — — — — — — — Reversal of special reserve — — — — — —  — Cash dividend - NT$4.26 per share — — — — — — (40,716) Stock dividend - NT$0.1 per share — — — — — —  — Employees’ bonus - cash — — — — — — (1,304) Employees’ bonus - stock — — — — — —  — Remuneration to board of directors and supervisors — — — — — — (43) Capital surplus transferred to common stock — — — — — —  — Capital reduction — — — — — — (19,116) Decrease in minority interests — — — — — (419) (419) Consolidated net income in 2008 — — — — — 781 45,792 Unrealized loss on financial instruments held by investees — — (7) — — —  (7) Equity adjustments in investees — — — — — — (55) Cumulative translation adjustment for foreign-currency investments held by investees 31 — — — — —  31 Defined benefit pension plan adjustments of investees — — — — — — — Special reserve for gain arising from disposal of land — — — — — —  — Cancellation of treasury stock - 110,068 thousand common shares — — — — 7,107 — — Unrealized loss on financial instruments — — (2,302) — — 1 (2,301) (Continued)  F-7