F-66 PART III Under ROC GAAP, the noncontrolling interest in the acquiree is measured at historical cost whereas under US GAAP, the  noncontrolling interest in the acquiree is measured at fair value at acquisition date upon the adoption of the new accounting  standard beginning from January 1, 2009. Such adjustment for the years ended December 31, 2009 and 2010 was caused  by the Company’s acquisition of IFE in January 2009 and of CHI in September 2009. The adjustment to ROC GAAP net  income represents additional depreciation and amortization expenses recognized under US GAAP due to the difference  between the measurement of noncontrolling interests at historical cost and fair value. The adjustment to stockholders’  equity represents the difference for the measurement of noncontrolling interests at historical cost and fair value after the  aforementioned net income adjustment. The following is a reconciliation of consolidated net income and stockholders’ equity under ROC GAAP as reported in the  consolidated financial statements to the consolidated net income and equity determined under US GAAP, giving effect to  the differences listed above. Year Ended December 31 2009 2010 2011 NT$ NT$ NT$ US$  (Note 3) (In Millions) Net income Consolidated net income under ROC GAAP  $  44,495  $  48,558  $  48,095  $  1,589 Adjustments: a.  Property, plant and equipment 1.  Adjustments of gains and losses on disposal of property,  plant and equipment 24 25 725 24 2.  Adjustments for depreciation expenses 158 122 112 4 b.  10% tax on unappropriated earnings 110 (380) (125) (4) c.  Revenues recognized from deferred income of prepaid phone  cards 615 258 ─ ─ d.  Revenues recognized from deferred one-time connection fees 1,426 1,118 861 28 e.  Share-based compensation (17) (5) (2) ─ f.  Defined benefit pension plan 1 ─ 1 ─ h.  Income tax effect of US GAAP adjustments (982) (462) (226) (8) i.  Noncontrolling interests of acquired subsidiaries (8) (9) - ─ Other minor GAAP differences not listed above (7) (34) (3) ─ Net adjustment 1,320 633 1,343 44 Consolidated net income based on US GAAP  $  45,815  $  49,191  $  49,438  $  1,633 Attributable to Stockholders of the parent  $  45,096  $  48,274  $  48,426  $  1,600 Noncontrolling interests 719 917 1,012 33  $  45,815  $  49,191  $  49,438  $  1,633