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)  (With Deloitte & Touche audit report dated March 17, 2011)  Year Ended December 31 2008 2009 2010 Notes NT$ NT$ NT$ US$ (Note 3) BASIC EARNINGS PER SHARE 27 Before income tax $  6.03  $  5.79  $  5.82  $  0.20  After income tax 4.64  4.51  4.91  0.17  DILUTED EARNINGS PER SHARE 27 Before income tax $  6.02  $  5.77  $  5.80  $  0.20  After income tax 4.63  4.50  4.89  0.17  BASIC EARNINGS PER EQUIVALENT  ADS Before income tax $  60.30  $  57.96  $  58.20  $  2.00  After income tax 46.42  45.16  49.10  1.68  DILUTED EARNINGS PER  EQUIVALENT ADS Before income tax $  60.16  $  57.77  $  58.02  $  1.99  After income tax 46.31  45.01  48.95  1.68  BASIC WEIGHTED AVERAGE  SHARES OUTSTANDING  (THOUSANDS) 27 9,696,808  9,696,808  9,696,808  DILUTED WEIGHTED AVERAGE  SHARES OUTSTANDING  (THOUSANDS) 27 9,717,489  9,725,614  9,725,461  (Concluded) The accompanying notes are an integral part of the consolidated financial statements.  F-5