0001564590-20-053724.txt : 20201113 0001564590-20-053724.hdr.sgml : 20201113 20201113071027 ACCESSION NUMBER: 0001564590-20-053724 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20201113 FILED AS OF DATE: 20201113 DATE AS OF CHANGE: 20201113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD CENTRAL INDEX KEY: 0001046179 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14700 FILM NUMBER: 201309145 BUSINESS ADDRESS: STREET 1: NO. 8, LI-HSIN ROAD 6 STREET 2: SCIENCE-BASED INDUSTRIAL PARK CITY: HSINCHU STATE: F5 ZIP: 00000 BUSINESS PHONE: 886-3-5636688 MAIL ADDRESS: STREET 1: NO. 8, LI-HSIN ROAD 6 STREET 2: SCIENCE-BASED INDUSTRIAL PARK CITY: HSINCHU STATE: F5 ZIP: 00000 6-K 1 tsm-6k_20201113.htm 6-K tsm-6k_20201113.htm

 

 

 

 

 

 

 

 

 

 

 

1934 Act Registration No. 1-14700

 

 

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

For the month of November 2020

(Commission File Number: 001-14700)

 

 

Taiwan Semiconductor Manufacturing Company Ltd.

(Translation of Registrant’s Name Into English)

 

 

 

No. 8, Li-Hsin Rd. 6,
Hsinchu Science Park,
Taiwan, R.O.C.
(Address of Principal Executive Offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in papers as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

SIGNATURES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taiwan Semiconductor Manufacturing Company Ltd.

Date:

November 13, 2020

By

/s/ Wendell Huang

 

 

 

 

Wendell Huang

 

 

 

 

Vice President & Chief Financial Officer

 

 


 


 

EX-99.1 2 tsm-ex991_61.htm EX-99.1 tsm-ex991_61.htm

English Translation of Financial Statements Originally Issued in Chinese

 

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries

 

Consolidated Financial Statements for the

Nine Months Ended September 30, 2020 and 2019 and

Independent Auditors’ Review Report

 

 

- 0 -


 

 

 

勤業眾信

勤業眾信聯合會計師事務所

11073 台北市信義區松仁路100號20樓

 

Deloitte & Touche

20F, Taipei Nan Shan Plaza

No. 100, Songren Rd.,

Xinyi Dist., Taipei 11073, Taiwan

 

Tel :+886 (2) 2725-9988

Fax:+886 (2) 4051-6888

www.deloitte.com.tw

INDEPENDENT AUDITORS’ REVIEW REPORT

 

 

The Board of Directors and Shareholders

Taiwan Semiconductor Manufacturing Company Limited

 

Introduction

 

We have reviewed the accompanying consolidated balance sheets of Taiwan Semiconductor Manufacturing Company Limited and its subsidiaries (collectively, the “Company”) as of September 30, 2020 and 2019, the related consolidated statements of comprehensive income for the three months ended September 30, 2020 and 2019 and for the nine months ended September 30, 2020 and 2019, the consolidated statements of changes in equity and cash flows for the nine months then ended, and the related notes to the consolidated financial statements, including a summary of significant accounting policies (collectively referred to as the “consolidated financial statements”). Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China. Our responsibility is to express a conclusion on the consolidated financial statements based on our reviews.

 

Scope of Review

 

We conducted our reviews in accordance with Statement of Auditing Standards No. 65 “Review of Financial Information Performed by the Independent Auditor of the Entity”. A review of consolidated financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

 

Conclusion

Based on our reviews, nothing has come to our attention that caused us to believe that the accompanying consolidated financial statements do not present fairly, in all material respects the consolidated financial position of the Company as of September 30, 2020 and 2019, its consolidated financial performance for the three months ended September 30, 2020 and 2019, and its consolidated financial performance and its consolidated cash flows for the nine months ended September 30, 2020 and 2019 in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and International Accounting Standard 34 “Interim Financial Reporting” endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.


1

 


 

 

 

The engagement partners on the reviews resulting in this independent auditors’ review report are Mei Yen Chiang and Yu Feng Huang.

 

 

Deloitte & Touche

Taipei, Taiwan

Republic of China

 

November 10, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notice to Readers

 

The accompanying consolidated financial statements are intended only to present the consolidated financial position, financial performance and cash flows in accordance with accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to review such consolidated financial statements are those generally applied in the Republic of China.

 

For the convenience of readers, the independent auditors’ review report and the accompanying consolidated financial statements have been translated into English from the original Chinese version prepared and used in the Republic of China. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language independent auditors’ review report and consolidated financial statements shall prevail.

 

2

 


 

 

 

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries

 

CONSOLIDATED BALANCE SHEETS

(In Thousands of New Taiwan Dollars)

 

 

 

 

September 30, 2020

(Reviewed)

 

December 31, 2019

(Audited)

 

September 30, 2019

(Reviewed)

ASSETS

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (Note 6)

 

$

604,195,113

 

 

 

23

 

 

$

455,399,336

 

 

 

20

 

 

$

452,430,300

 

 

 

21

 

Financial assets at fair value through profit or loss (Note 7)

 

 

2,526,481

 

 

 

-

 

 

 

326,839

 

 

 

-

 

 

 

322,089

 

 

 

-

 

Financial assets at fair value through other comprehensive income (Note 8)

 

 

128,608,752

 

 

 

5

 

 

 

127,396,577

 

 

 

6

 

 

 

132,133,452

 

 

 

6

 

Financial assets at amortized cost (Note 9)

 

 

7,090,162

 

 

 

-

 

 

 

299,884

 

 

 

-

 

 

 

-

 

 

 

-

 

Hedging financial assets (Note 10)

 

 

-

 

 

 

-

 

 

 

25,884

 

 

 

-

 

 

 

37,003

 

 

 

-

 

Notes and accounts receivable, net (Note 11)

 

 

161,700,332

 

 

 

6

 

 

 

138,908,589

 

 

 

6

 

 

 

144,240,857

 

 

 

7

 

Receivables from related parties (Note 31)

 

 

877,765

 

 

 

-

 

 

 

862,070

 

 

 

-

 

 

 

1,180,780

 

 

 

-

 

Other receivables from related parties (Note 31)

 

 

40,773

 

 

 

-

 

 

 

51,653

 

 

 

-

 

 

 

56,581

 

 

 

-

 

Inventories (Note 12)

 

 

109,509,486

 

 

 

4

 

 

 

82,981,196

 

 

 

4

 

 

 

96,685,730

 

 

 

5

 

Other financial assets (Note 32)

 

 

9,647,119

 

 

 

1

 

 

 

11,041,091

 

 

 

-

 

 

 

17,714,646

 

 

 

1

 

Other current assets

 

 

5,477,935

 

 

 

-

 

 

 

5,320,795

 

 

 

-

 

 

 

4,625,998

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current assets

 

 

1,029,673,918

 

 

 

39

 

 

 

822,613,914

 

 

 

36

 

 

 

849,427,436

 

 

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets at fair value through other comprehensive income (Note 8)

 

 

4,305,357

 

 

 

-

 

 

 

4,124,337

 

 

 

-

 

 

 

4,026,516

 

 

 

-

 

Financial assets at amortized cost (Note 9)

 

 

4,508,201

 

 

 

-

 

 

 

7,348,914

 

 

 

-

 

 

 

7,914,087

 

 

 

-

 

Investments accounted for using equity method (Note 13)

 

 

17,701,081

 

 

 

1

 

 

 

18,698,788

 

 

 

1

 

 

 

18,193,969

 

 

 

1

 

Property, plant and equipment (Note 14)

 

 

1,504,438,119

 

 

 

57

 

 

 

1,352,377,405

 

 

 

60

 

 

 

1,197,955,298

 

 

 

56

 

Right-of-use assets (Note 15)

 

 

20,824,081

 

 

 

1

 

 

 

17,232,402

 

 

 

1

 

 

 

17,506,826

 

 

 

1

 

Intangible assets (Note 16)

 

 

26,339,513

 

 

 

1

 

 

 

20,653,028

 

 

 

1

 

 

 

18,093,573

 

 

 

1

 

Deferred income tax assets (Note 4)

 

 

22,505,789

 

 

 

1

 

 

 

17,928,358

 

 

 

1

 

 

 

17,179,511

 

 

 

1

 

Refundable deposits

 

 

1,274,044

 

 

 

-

 

 

 

2,084,968

 

 

 

-

 

 

 

2,256,399

 

 

 

-

 

Other noncurrent assets

 

 

4,002,111

 

 

 

-

 

 

 

1,742,918

 

 

 

-

 

 

 

1,680,835

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent assets

 

 

1,605,898,296

 

 

 

61

 

 

 

1,442,191,118

 

 

 

64

 

 

 

1,284,807,014

 

 

 

60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$

2,635,572,214

 

 

 

100

 

 

$

2,264,805,032

 

 

 

100

 

 

$

2,134,234,450

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term loans (Notes 17 and 29)

 

$

155,377,630

 

 

 

6

 

 

$

118,522,290

 

 

 

5

 

 

$

85,573,710

 

 

 

4

 

Financial liabilities at fair value through profit or loss (Note 7)

 

 

1,445,911

 

 

 

-

 

 

 

982,349

 

 

 

-

 

 

 

497,911

 

 

 

-

 

Hedging financial liabilities (Note 10)

 

 

11,839

 

 

 

-

 

 

 

1,798

 

 

 

-

 

 

 

23,852

 

 

 

-

 

Accounts payable

 

 

38,909,171

 

 

 

1

 

 

 

38,771,066

 

 

 

2

 

 

 

35,320,208

 

 

 

2

 

Payables to related parties (Note 31)

 

 

1,983,175

 

 

 

-

 

 

 

1,434,900

 

 

 

-

 

 

 

1,638,009

 

 

 

-

 

Salary and bonus payable

 

 

17,511,612

 

 

 

1

 

 

 

16,272,353

 

 

 

1

 

 

 

13,573,620

 

 

 

1

 

Accrued profit sharing bonus to employees and compensation to directors and supervisors (Note 28)

 

 

26,584,817

 

 

 

1

 

 

 

23,648,903

 

 

 

1

 

 

 

16,271,091

 

 

 

1

 

Payables to contractors and equipment suppliers

 

 

100,637,031

 

 

 

4

 

 

 

140,810,703

 

 

 

6

 

 

 

93,441,774

 

 

 

4

 

Cash dividends payable (Note 21)

 

 

129,651,902

 

 

 

5

 

 

 

129,651,902

 

 

 

6

 

 

 

116,686,712

 

 

 

5

 

Income tax payable (Note 4)

 

 

33,705,272

 

 

 

1

 

 

 

32,466,156

 

 

 

1

 

 

 

33,205,431

 

 

 

2

 

Long-term liabilities - current portion (Notes 18 and 29)

 

 

2,600,000

 

 

 

-

 

 

 

31,800,000

 

 

 

1

 

 

 

31,800,000

 

 

 

1

 

Accrued expenses and other current liabilities (Notes 15, 20, 22 and 29)

 

 

79,823,363

 

 

 

3

 

 

 

56,373,281

 

 

 

3

 

 

 

66,748,807

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 

 

588,241,723

 

 

 

22

 

 

 

590,735,701

 

 

 

26

 

 

 

494,781,125

 

 

 

23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bonds payable (Notes 18 and 29)

 

 

227,045,434

 

 

 

9

 

 

 

25,100,000

 

 

 

1

 

 

 

25,100,000

 

 

 

1

 

Long-term bank loans (Notes 19 and 29)

 

 

982,449

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Deferred income tax liabilities (Note 4)

 

 

1,022,263

 

 

 

-

 

 

 

344,393

 

 

 

-

 

 

 

115,856

 

 

 

-

 

Lease liabilities (Notes 15 and 29)

 

 

19,180,809

 

 

 

1

 

 

 

15,041,833

 

 

 

1

 

 

 

15,031,539

 

 

 

1

 

Net defined benefit liability (Note 4)

 

 

8,384,974

 

 

 

-

 

 

 

9,182,496

 

 

 

-

 

 

 

9,417,475

 

 

 

1

 

Guarantee deposits (Notes 20 and 29)

 

 

167,727

 

 

 

-

 

 

 

176,904

 

 

 

-

 

 

 

210,198

 

 

 

-

 

Others

 

 

2,280,460

 

 

 

-

 

 

 

2,128,279

 

 

 

-

 

 

 

2,081,256

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent liabilities

 

 

259,064,116

 

 

 

10

 

 

 

51,973,905

 

 

 

2

 

 

 

51,956,324

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

847,305,839

 

 

 

32

 

 

 

642,709,606

 

 

 

28

 

 

 

546,737,449

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital stock (Note 21)

 

 

259,303,805

 

 

 

10

 

 

 

259,303,805

 

 

 

11

 

 

 

259,303,805

 

 

 

12

 

Capital surplus (Note 21)

 

 

56,339,982

 

 

 

2

 

 

 

56,339,709

 

 

 

3

 

 

 

56,320,929

 

 

 

3

 

Retained earnings (Note 21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appropriated as legal capital reserve

 

 

311,146,899

 

 

 

12

 

 

 

311,146,899

 

 

 

14

 

 

 

311,146,899

 

 

 

15

 

Appropriated as special capital reserve

 

 

36,757,795

 

 

 

1

 

 

 

10,675,106

 

 

 

-

 

 

 

7,385,940

 

 

 

-

 

Unappropriated earnings

 

 

1,166,071,694

 

 

 

44

 

 

 

1,011,512,974

 

 

 

45

 

 

 

963,373,599

 

 

 

45

 

 

 

 

1,513,976,388

 

 

 

57

 

 

 

1,333,334,979

 

 

 

59

 

 

 

1,281,906,438

 

 

 

60

 

Others (Note 21)

 

 

(42,259,146

)

 

 

(1

)

 

 

(27,568,369

)

 

 

(1

)

 

 

(10,675,106

)

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity attributable to shareholders of the parent

 

 

1,787,361,029

 

 

 

68

 

 

 

1,621,410,124

 

 

 

72

 

 

 

1,586,856,066

 

 

 

74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NON - CONTROLLING INTERESTS

 

 

905,346

 

 

 

-

 

 

 

685,302

 

 

 

-

 

 

 

640,935

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity

 

 

1,788,266,375

 

 

 

68

 

 

 

1,622,095,426

 

 

 

72

 

 

 

1,587,497,001

 

 

 

74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$

2,635,572,214

 

 

 

100

 

 

$

2,264,805,032

 

 

 

100

 

 

$

2,134,234,450

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

- 3 -


 

 

 

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries

 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

(Reviewed, Not Audited)

 

 

 

 

For the Three Months Ended September 30

 

For the Nine Months Ended September 30

 

 

2020

 

2019

 

2020

 

2019

 

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET REVENUE (Notes 22, 31 and 37)

 

$

356,426,204

 

 

 

100

 

 

$

293,045,439

 

 

 

100

 

 

$

977,721,754

 

 

 

100

 

 

$

752,748,383

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COST OF REVENUE (Notes 12, 28, 31 and 35)

 

 

165,945,534

 

 

 

47

 

 

 

153,613,278

 

 

 

52

 

 

 

461,764,078

 

 

 

47

 

 

 

419,290,867

 

 

 

56

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT BEFORE REALIZED (UNREALIZED) GROSS PROFIT ON SALES TO ASSOCIATES

 

 

190,480,670

 

 

 

53

 

 

 

139,432,161

 

 

 

48

 

 

 

515,957,676

 

 

 

53

 

 

 

333,457,516

 

 

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REALIZED (UNREALIZED) GROSS PROFIT ON SALES TO ASSOCIATES

 

 

12,826

 

 

 

-

 

 

 

(19,727

)

 

 

-

 

 

 

(63,881

)

 

 

-

 

 

 

42,535

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT

 

 

190,493,496

 

 

 

53

 

 

 

139,412,434

 

 

 

48

 

 

 

515,893,795

 

 

 

53

 

 

 

333,500,051

 

 

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES (Notes 28 and 31)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

29,683,751

 

 

 

8

 

 

 

23,972,076

 

 

 

8

 

 

 

79,545,677

 

 

 

8

 

 

 

65,783,115

 

 

 

9

 

General and administrative

 

 

9,272,555

 

 

 

2

 

 

 

5,810,048

 

 

 

2

 

 

 

22,070,021

 

 

 

2

 

 

 

14,239,040

 

 

 

2

 

Marketing

 

 

1,935,049

 

 

 

1

 

 

 

1,596,829

 

 

 

1

 

 

 

5,119,412

 

 

 

1

 

 

 

4,539,806

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

 

40,891,355

 

 

 

11

 

 

 

31,378,953

 

 

 

11

 

 

 

106,735,110

 

 

 

11

 

 

 

84,561,961

 

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER OPERATING INCOME AND EXPENSES, NET (Notes 14, 15 and 28)

 

 

445,208

 

 

 

-

 

 

 

(146,189

)

 

 

-

 

 

 

504,839

 

 

 

-

 

 

 

(480,722

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME FROM OPERATIONS (Note 37)

 

 

150,047,349

 

 

 

42

 

 

 

107,887,292

 

 

 

37

 

 

 

409,663,524

 

 

 

42

 

 

 

248,457,368

 

 

 

33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NON-OPERATING INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share of profits of associates

 

 

833,165

 

 

 

-

 

 

 

915,714

 

 

 

-

 

 

 

2,237,890

 

 

 

-

 

 

 

1,977,740

 

 

 

-

 

Interest income (Note 23)

 

 

1,897,963

 

 

 

1

 

 

 

3,916,098

 

 

 

1

 

 

 

7,365,394

 

 

 

1

 

 

 

12,871,791

 

 

 

2

 

Other income

 

 

117,634

 

 

 

-

 

 

 

2,025

 

 

 

-

 

 

 

461,558

 

 

 

-

 

 

 

246,455

 

 

 

-

 

Foreign exchange gain (loss), net (Note 34)

 

 

(3,549,939

)

 

 

(1

)

 

 

1,038,425

 

 

 

-

 

 

 

(394,836

)

 

 

-

 

 

 

530,496

 

 

 

-

 

Finance costs (Note 24)

 

 

(373,164

)

 

 

-

 

 

 

(843,434

)

 

 

-

 

 

 

(1,312,873

)

 

 

-

 

 

 

(2,607,250

)

 

 

-

 

Other gains and losses, net (Note 25)

 

 

6,150,995

 

 

 

2

 

 

 

(579,849

)

 

 

-

 

 

 

5,649,162

 

 

 

-

 

 

 

(413,237

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-operating income and expenses

 

 

5,076,654

 

 

 

2

 

 

 

4,448,979

 

 

 

1

 

 

 

14,006,295

 

 

 

1

 

 

 

12,605,995

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME BEFORE INCOME TAX

 

 

155,124,003

 

 

 

44

 

 

 

112,336,271

 

 

 

38

 

 

 

423,669,819

 

 

 

43

 

 

 

261,063,363

 

 

 

35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME TAX EXPENSE (Notes 4 and 26)

 

 

17,745,852

 

 

 

5

 

 

 

11,233,817

 

 

 

3

 

 

 

48,336,261

 

 

 

5

 

 

 

31,797,748

 

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME

 

 

137,378,151

 

 

 

39

 

 

 

101,102,454

 

 

 

35

 

 

 

375,333,558

 

 

 

38

 

 

 

229,265,615

 

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER COMPREHENSIVE INCOME (LOSS) (Notes 21 and 26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Items that will not be reclassified subsequently to profit or loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gain/(loss) on investments in equity instruments at fair value through other comprehensive income

 

 

100,021

 

 

 

-

 

 

 

(9,015

)

 

 

-

 

 

 

78,311

 

 

 

-

 

 

 

219,784

 

 

 

-

 

Gain (loss) on hedging instruments

 

 

65,691

 

 

 

-

 

 

 

(87,427

)

 

 

-

 

 

 

22,942

 

 

 

-

 

 

 

(75,421

)

 

 

-

 

Share of other comprehensive income (loss) of associates

 

 

6,680

 

 

 

-

 

 

 

(3,333

)

 

 

-

 

 

 

3,211

 

 

 

-

 

 

 

(14,219

)

 

 

-

 

Income tax benefit related to items that will not be reclassified subsequently

 

 

161

 

 

 

-

 

 

 

15,080

 

 

 

-

 

 

 

627

 

 

 

-

 

 

 

9,586

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

172,553

 

 

 

-

 

 

 

(84,695

)

 

 

-

 

 

 

105,091

 

 

 

-

 

 

 

139,730

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Items that may be reclassified subsequently to profit or loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exchange differences arising on translation of foreign operations

 

 

(5,473,167

)

 

 

(2

)

 

 

(3,286,794

)

 

 

(2

)

 

 

(17,163,363

)

 

 

(2

)

 

 

2,221,268

 

 

 

-

 

Unrealized gain/(loss) on investments in debt instruments at fair value through other comprehensive income

 

 

(97,724

)

 

 

-

 

 

 

192,177

 

 

 

-

 

 

 

2,600,675

 

 

 

1

 

 

 

2,576,461

 

 

 

1

 

Share of other comprehensive loss of associates

 

 

(37,064

)

 

 

-

 

 

 

(45,563

)

 

 

-

 

 

 

(213,373

)

 

 

-

 

 

 

(20,328

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,607,955

)

 

 

(2

)

 

 

(3,140,180

)

 

 

(2

)

 

 

(14,776,061

)

 

 

(1

)

 

 

4,777,401

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) for the period, net of income tax

 

 

(5,435,402

)

 

 

(2

)

 

 

(3,224,875

)

 

 

(2

)

 

 

(14,670,970

)

 

 

(1

)

 

 

4,917,131

 

 

 

1

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

 

$

131,942,749

 

 

 

37

 

 

$

97,877,579

 

 

 

33

 

 

$

360,662,588

 

 

 

37

 

 

$

234,182,746

 

 

 

31

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$

137,310,040

 

 

 

39

 

 

$

101,069,886

 

 

 

34

 

 

$

375,118,953

 

 

 

38

 

 

$

229,228,587

 

 

 

30

 

Non-controlling interests

 

 

68,111

 

 

 

-

 

 

 

32,568

 

 

 

1

 

 

 

214,605

 

 

 

-

 

 

 

37,028

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

137,378,151

 

 

 

39

 

 

$

101,102,454

 

 

 

35

 

 

$

375,333,558

 

 

 

38

 

 

$

229,265,615

 

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$

131,874,689

 

 

 

37

 

 

$

97,844,981

 

 

 

33

 

 

$

360,447,417

 

 

 

37

 

 

$

234,145,635

 

 

 

31

 

Non-controlling interests

 

 

68,060

 

 

 

-

 

 

 

32,598

 

 

 

-

 

 

 

215,171

 

 

 

-

 

 

 

37,111

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

131,942,749

 

 

 

37

 

 

$

97,877,579

 

 

 

33

 

 

$

360,662,588

 

 

 

37

 

 

$

234,182,746

 

 

 

31

 

(Continued)


- 4 -


 

 

 

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries

 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Thousands of New Taiwan Dollars, Except Earnings Per Share)

(Reviewed, Not Audited)

 

 

 

 

For the Three Months Ended September 30

 

For the Nine Months Ended September 30

 

 

2020

 

2019

 

2020

 

2019

 

 

Income Attributable to Shareholders of

the Parent

 

Income Attributable to Shareholders of

the Parent

 

Income Attributable to Shareholders of

the Parent

 

Income Attributable to

Shareholders of

the Parent

 

 

 

 

 

 

 

 

 

EARNINGS PER SHARE (NT$, Note 27)

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

5.30

 

 

$

3.90

 

 

$

14.47

 

 

$

8.84

 

Diluted earnings per share

 

$

5.30

 

 

$

3.90

 

 

$

14.47

 

 

$

8.84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of the consolidated financial statements.

(Concluded)

 

- 5 -


 

 

 

 

 

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries

 

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In Thousands of New Taiwan Dollars)

(Reviewed, Not Audited)

 

 

 

 

Equity Attributable to Shareholders of the Parent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Others

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) on

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets at Fair

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

Value Through

 

 

 

Unearned

 

 

 

 

 

 

 

 

 

 

Capital Stock - Common Stock

 

 

 

Retained Earnings

 

Currency

 

Other

 

Gain (Loss) on

 

Stock-Based

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

Legal Capital

 

Special Capital

 

Unappropriated

 

 

 

Translation

 

Comprehensive

 

Hedging

 

Employee

 

 

 

 

 

Non-controlling

 

Total

 

 

(In Thousands)

 

Amount

 

Capital Surplus

 

Reserve

 

Reserve

 

Earnings

 

Total

 

Reserve

 

Income

 

Instruments

 

Compensation

 

Total

 

Total

 

Interests

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, JANUARY 1, 2020

 

 

25,930,380

 

 

$

259,303,805

 

 

$

56,339,709

 

 

$

311,146,899

 

 

$

10,675,106

 

 

$

1,011,512,974

 

 

$

1,333,334,979

 

 

$

(26,871,400

)

 

$

(692,959

)

 

$

(3,820

)

 

$

(190

)

 

$

(27,568,369

)

 

$

1,621,410,124

 

 

$

685,302

 

 

$

1,622,095,426

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appropriations of earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Special capital reserve

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

26,082,689

 

 

 

(26,082,689

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Cash dividends to shareholders

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(194,477,853

)

 

 

(194,477,853

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(194,477,853

)

 

 

-

 

 

 

(194,477,853

)

Total

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

26,082,689

 

 

 

(220,560,542

)

 

 

(194,477,853

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(194,477,853

)

 

 

-

 

 

 

(194,477,853

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income for the nine months ended September 30, 2020

 

 

-