i.  A portion of the land used by Chunghwa during the period from July 1, 1996 to December 31, 2004 was  co-owned by Chunghwa and Chunghwa Post Co., Ltd. (the former Chunghwa Post Co., Ltd. directorate  General of Postal Service). In accordance with the claims process in Taiwan, on July 12, 2005, the Taiwan  Taipei District Court sent a claim notice to Chunghwa to reimburse Chunghwa Post Co., Ltd. in the  amount of NT$768 million for land usage compensation due to the portion of land usage area in excess  of Chunghwa’s ownership and along with interest calculated at 5% interest rate from June 30, 2005 to  the payment date. Chunghwa stated that both parties have the right to use co-management land without  consideration. Chunghwa Post Co., Ltd. can’t request payment for land compensation. Furthermore,  Chunghwa believes that the computation used to derive the land usage compensation amount is inaccurate  because most of the compensation amount has expired as result of the expiration clause. Therefore,  Chunghwa has filed an appeal at the Taiwan Taipei District Court. On March 30, 2009, the Taiwan  Taipei District Court rendered its judgment that Chunghwa only need to pay NT$17 million along with  interest calculated at 5% per annum from July 23, 2005 and 4% of the court fees as the court judgment  compensation. However, Chunghwa Post Co., Ltd. did not accept the judgment and filed an appeal at  Taiwan High Court. Chunghwa also filed an appeal at the Taiwan High Court within the statutory period.  On April 7, 2010, the Taiwan High Court rendered its judgment, ruling that Chunghwa need to pay $23  million as compensation in addition to the $17 million from the Taiwan Taipei District Court judgment,  along with interest calculated at 5% per annum from July 23, 2005 to the payment date and 12.5% of  Chunghwa Post Co., Ltd.’s court fees from its original suit and subsequent appeal as compensation.  Chunghwa has filed an appeal at the Supreme Court of the Republic of China within the statutory period.  The case is under the review process of the Supreme Court of the Republic of China.  32. SIGNIFICANT SUBSEQUENT EVENT  The stockholders of IFE, at the special meeting of stockholders held on February 25, 2011, approved the  merger with International Integrated System Inc. and e-ToYou International, Inc. in accordance with Business  Mergers and Acquisitions Act. After the merger, IFE will be the surviving company and International  Integrated System, Inc. and e-ToYou International, Inc. will be dissolved. The proposed name of the surviving  company is “International Integrated System, Inc. (IISI).” The date of the merger is scheduled on April 1,  2011.  33. DISCLOSURES FOR FINANCIAL INSTRUMENTS  December 31  2009 2010 Carrying Fair Carrying Fair Amount Value Amount Value NT$ NT$ NT$ NT$ (In Millions) Assets Cash and cash equivalents $  73,259  $  73,259  $  90,875  $  90,875  Financial assets at fair value through profit or loss 41  41  77  77  Available-for-sale financial assets 17,537  17,537  2,191  2,191  Held-to-maturity financial assets - current 1,100  1,100  1,964  1,964  Trade notes and accounts receivable, net 11,973  11,973  14,503  14,503  Receivables from related parties 94  94  64  64  Other current monetary assets 1,840  1,840  2,139  2,139  (Continued)  F-54 a. Carrying amounts and fair values of financial instruments were as follows: 