content_image/193938.jpg content_image/193941.jpg content_image/193939.jpg
Outstanding currency swap contracts and forward exchange contracts as of December 31, 2009 and 2010: 

<img src='content_image/193938.jpg'>

The convertible bonds held by CHI are hybrid financial instruments that are designated to be measured at fair value and changes in fair value are recognized in earnings. 

Net gains arising from financial assets and liabilities at fair value through profit or loss for the years ended December 31, 2009 and 2010 were NT$72 million (including realized settlement loss of NT$26 million and valuation gain of NT$98 million), and NT$65 million (including realized settlement gain of NT$37 million and valuation gain of NT$28 million), respectively. 

## 7. AVAILABLE-FOR-SALE FINANCIAL ASSETS 

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Movements of unrealized gain (loss) on available-for-sale financial assets were as follows: 

<img src='content_image/193939.jpg'>

As a result of global economic and financial crisis, Chunghwa determined that the impairment losses of available-for-sale financial assets were other-than-temporary in nature, and recorded impairment losses of NT$85 million for the year ended December 31, 2009. 

