CHUNGHWA POST CO.,LTD.
Income Statements
For the years ended June 30, 2006 and 2005
				Unit:NT$thousand
Item	Jan.1,2006-Jun.30,2006		Jan.1,2005-Jun.30,2005		Variance (%)
	subtotal	total	subtotal	total
Operating revenues		201,126,179		157,413,689	27.77
Postal revenue	12,395,325		12,300,287		0.77
Interest income	48,101,743		36,630,687		31.32
Insurance premiums	65,737,964		57,090,664		15.15
Reversal of premium reserves	63,702,214		42,415,605		50.19
Commission and service fees	1,470,574		1,615,880		-8.99
Gains on investments	6,054,325		7,130,147		-15.09
Valuation gain of financial assets	3,350,566
Investment gain recognized by using equity method
Foreign exchange gains
Other operating revenues	313,468		230,419		36.04
Operating cost and expenses		194,644,735		149,388,149	30.29
Postal cost	10,066,783		9,785,747		2.87
Interest expenses	28,556,909		21,692,946		31.64
Claims and benefits	64,045,682		42,901,827		49.28
Provisions for premium reserve	69,384,520		61,030,576		13.69
Service charges	282,014		268,920		4.87
Losses on investments
Valuation loss of financial liabilities	5,206,610
Foreign exchange losses	1,733,986		1,012,502		71.26
Appropriation for reserve			38,505		-100.00
Business and administrative expenses	14,534,956		12,065,019		20.47
Other operating expenses and losses	833,275		592,107		40.73
Operating income		6,481,444		8,025,540	-19.24
Non-operating revenue		60,325		52,943	13.94
Non-operating expenses and losses		299,881		439,523	-31.77
Non-operating income(loss)		-239,556		-386,580	-38.03
Net income before tax		6,241,888		7,638,960	-18.29
Income tax expense
Net income(loss) after tax		6,241,888		7,638,960	-18.29
Accumulated adjustments on changes of accounting principles		140,501
Net income(loss)		6,382,389		7,638,960	-16.45