EX-99.1 2 tsm-ex991_18.htm EX-99.1 tsm-ex991_18.htm

English Translation of Financial Statements Originally Issued in Chinese

 

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries

 

Consolidated Financial Statements for the

Six Months Ended June 30, 2021 and 2020 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 June 30, 2021 and 2020, the related consolidated statements of comprehensive income for the three months ended June 30, 2021 and 2020 and for the six months ended June 30, 2021 and 2020, of changes in equity, and of cash flows for the six 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 June 30, 2021 and 2020, its consolidated financial performance for the three months ended June 30, 2021 and 2020, and its consolidated financial performance and its consolidated cash flows for the six months then ended June 30, 2021 and 2020 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 Shang Chih Lin.

 

 

 

 

Deloitte & Touche

Taipei, Taiwan

Republic of China

 

August 10, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

June 30, 2021

(Reviewed)

 

December 31, 2020

(Audited)

 

June 30, 2020

(Reviewed)

ASSETS

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (Note 6)

 

$

747,982,082

 

 

 

24

 

 

$

660,170,647

 

 

 

24

 

 

$

467,613,443

 

 

 

19

 

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

 

 

58,325

 

 

 

-

 

 

 

2,259,412

 

 

 

-

 

 

 

788,526

 

 

 

-

 

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

 

 

122,794,529

 

 

 

4

 

 

 

122,448,453

 

 

 

5

 

 

 

129,403,588

 

 

 

5

 

Financial assets at amortized cost (Note 9)

 

 

-

 

 

 

-

 

 

 

6,597,992

 

 

 

-

 

 

 

7,210,148

 

 

 

-

 

Hedging financial assets (Note 10)

 

 

310

 

 

 

-

 

 

 

47

 

 

 

-

 

 

 

-

 

 

 

-

 

Notes and accounts receivable, net (Note 11)

 

 

177,475,493

 

 

 

6

 

 

 

145,480,272

 

 

 

5

 

 

 

148,708,055

 

 

 

6

 

Receivables from related parties (Note 31)

 

 

784,397

 

 

 

-

 

 

 

558,131

 

 

 

-

 

 

 

891,691

 

 

 

-

 

Other receivables from related parties (Note 31)

 

 

1,711,652

 

 

 

-

 

 

 

50,645

 

 

 

-

 

 

 

2,581,070

 

 

 

-

 

Inventories (Note 12)

 

 

170,438,686

 

 

 

6

 

 

 

137,353,407

 

 

 

5

 

 

 

85,788,094

 

 

 

4

 

Other financial assets (Note 32)

 

 

12,450,123

 

 

 

-

 

 

 

10,676,111

 

 

 

1

 

 

 

10,436,627

 

 

 

1

 

Other current assets

 

 

7,408,426

 

 

 

-

 

 

 

6,590,191

 

 

 

-

 

 

 

6,610,338

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current assets

 

 

1,241,104,023

 

 

 

40

 

 

 

1,092,185,308

 

 

 

40

 

 

 

860,031,580

 

 

 

35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

5,389,958

 

 

 

-

 

 

 

4,514,940

 

 

 

-

 

 

 

4,300,519

 

 

 

-

 

Financial assets at amortized cost (Note 9)

 

 

4,336,636

 

 

 

-

 

 

 

4,372,207

 

 

 

-

 

 

 

1,640,558

 

 

 

-

 

Investments accounted for using equity method (Note 13)

 

 

19,336,878

 

 

 

1

 

 

 

18,841,061

 

 

 

1

 

 

 

16,975,748

 

 

 

1

 

Property, plant and equipment (Note 14)

 

 

1,722,679,133

 

 

 

56

 

 

 

1,555,589,120

 

 

 

56

 

 

 

1,493,560,950

 

 

 

61

 

Right-of-use assets (Note 15)

 

 

32,619,272

 

 

 

1

 

 

 

27,728,382

 

 

 

1

 

 

 

21,036,894

 

 

 

1

 

Intangible assets (Note 16)

 

 

26,535,043

 

 

 

1

 

 

 

25,768,179

 

 

 

1

 

 

 

27,395,600

 

 

 

1

 

Deferred income tax assets (Note 4)

 

 

36,180,371

 

 

 

1

 

 

 

25,958,184

 

 

 

1

 

 

 

20,493,373

 

 

 

1

 

Refundable deposits

 

 

2,513,142

 

 

 

-

 

 

 

1,343,001

 

 

 

-

 

 

 

1,502,926

 

 

 

-

 

Other noncurrent assets

 

 

2,120,733

 

 

 

-

 

 

 

4,411,023

 

 

 

-

 

 

 

1,726,374

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent assets

 

 

1,851,711,166

 

 

 

60

 

 

 

1,668,526,097

 

 

 

60

 

 

 

1,588,632,942

 

 

 

65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$

3,092,815,189

 

 

 

100

 

 

$

2,760,711,405

 

 

 

100

 

 

$

2,448,664,522

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term loans (Notes 17 and 29)

 

$

139,380,910

 

 

 

5

 

 

$

88,559,026

 

 

 

3

 

 

$

169,546,950

 

 

 

7

 

Short-term bills payable (Notes 18 and 29)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

6,493,398

 

 

 

-

 

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

 

 

1,828,338

 

 

 

-

 

 

 

94,128

 

 

 

-

 

 

 

1,543,265

 

 

 

-

 

Hedging financial liabilities (Note 10)

 

 

10,216

 

 

 

-

 

 

 

1,169

 

 

 

-

 

 

 

14,839

 

 

 

-

 

Accounts payable

 

 

39,725,757

 

 

 

1

 

 

 

38,987,284

 

 

 

1

 

 

 

38,100,739

 

 

 

2

 

Payables to related parties (Note 31)

 

 

1,504,156

 

 

 

-

 

 

 

2,107,718

 

 

 

-

 

 

 

1,433,005

 

 

 

-

 

Salary and bonus payable

 

 

17,148,913

 

 

 

1

 

 

 

20,071,241

 

 

 

1

 

 

 

14,747,716

 

 

 

1

 

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

 

 

52,328,940

 

 

 

2

 

 

 

35,681,046

 

 

 

1

 

 

 

40,028,506

 

 

 

2

 

Payables to contractors and equipment suppliers

 

 

107,146,153

 

 

 

3

 

 

 

157,804,961

 

 

 

6

 

 

 

97,739,201

 

 

 

4

 

Cash dividends payable (Note 21)

 

 

136,134,497

 

 

 

4

 

 

 

129,651,902

 

 

 

5

 

 

 

129,651,902

 

 

 

5

 

Income tax payable (Note 4)

 

 

40,022,662

 

 

 

1

 

 

 

53,909,313

 

 

 

2

 

 

 

33,020,177

 

 

 

1

 

Long-term liabilities - current portion (Notes 19 and 29)

 

 

-

 

 

 

-

 

 

 

2,600,000

 

 

 

-

 

 

 

12,800,000

 

 

 

1

 

Accrued expenses and other current liabilities (Notes 15, 22, 29 and 31)

 

 

112,518,405

 

 

 

4

 

 

 

87,683,260

 

 

 

3

 

 

 

69,676,030

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 

 

647,748,947

 

 

 

21

 

 

 

617,151,048

 

 

 

22

 

 

 

614,795,728

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bonds payable (Notes 19 and 29)

 

 

410,464,857

 

 

 

13

 

 

 

254,105,084

 

 

 

9

 

 

 

82,439,681

 

 

 

3

 

Long-term bank loans (Notes 20 and 29)

 

 

3,171,331

 

 

 

-

 

 

 

1,967,611

 

 

 

-

 

 

 

-

 

 

 

-

 

Deferred income tax liabilities (Note 4)

 

 

2,142,797

 

 

 

-

 

 

 

1,729,941

 

 

 

-

 

 

 

354,306

 

 

 

-

 

Lease liabilities (Notes 15 and 29)

 

 

21,030,441

 

 

 

1

 

 

 

20,560,649

 

 

 

1

 

 

 

19,164,873

 

 

 

1

 

Net defined benefit liability (Note 4)

 

 

11,285,520

 

 

 

1

 

 

 

11,914,074

 

 

 

1

 

 

 

8,381,192

 

 

 

-

 

Guarantee deposits

 

 

392,398

 

 

 

-

 

 

 

265,599

 

 

 

-

 

 

 

171,622

 

 

 

-

 

Others

 

 

2,608,325

 

 

 

-

 

 

 

2,395,400

 

 

 

-

 

 

 

2,143,738

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent liabilities

 

 

451,095,669

 

 

 

15

 

 

 

292,938,358

 

 

 

11

 

 

 

112,655,412

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

1,098,844,616

 

 

 

36

 

 

 

910,089,406

 

 

 

33

 

 

 

727,451,140

 

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital stock (Note 21)

 

 

259,303,805

 

 

 

8

 

 

 

259,303,805

 

 

 

9

 

 

 

259,303,805

 

 

 

11

 

Capital surplus (Note 21)

 

 

64,753,836

 

 

 

2

 

 

 

56,347,243

 

 

 

2

 

 

 

56,339,981

 

 

 

2

 

Retained earnings (Note 21)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appropriated as legal capital reserve

 

 

311,146,899

 

 

 

10

 

 

 

311,146,899

 

 

 

11

 

 

 

311,146,899

 

 

 

13

 

Appropriated as special capital reserve

 

 

48,392,823

 

 

 

2

 

 

 

42,259,146

 

 

 

2

 

 

 

24,873,338

 

 

 

1

 

Unappropriated earnings

 

 

1,366,782,481

 

 

 

44

 

 

 

1,235,280,036

 

 

 

45

 

 

 

1,105,471,753

 

 

 

45

 

 

 

 

1,726,322,203

 

 

 

56

 

 

 

1,588,686,081

 

 

 

58

 

 

 

1,441,491,990

 

 

 

59

 

Others (Note 21)

 

 

(58,594,043

)

 

 

(2

)

 

 

(54,679,873

)

 

 

(2

)

 

 

(36,757,795

)

 

 

(2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity attributable to shareholders of the parent

 

 

1,991,785,801

 

 

 

64

 

 

 

1,849,657,256

 

 

 

67

 

 

 

1,720,377,981

 

 

 

70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NON - CONTROLLING INTERESTS

 

 

2,184,772

 

 

 

-

 

 

 

964,743

 

 

 

-

 

 

 

835,401

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity

 

 

1,993,970,573

 

 

 

64

 

 

 

1,850,621,999

 

 

 

67

 

 

 

1,721,213,382

 

 

 

70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$

3,092,815,189

 

 

 

100

 

 

$

2,760,711,405

 

 

 

100

 

 

$

2,448,664,522

 

 

 

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 June 30

 

For the Six Months Ended June 30

 

 

2021

 

2020

 

2021

 

2020

 

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET REVENUE (Notes 22, 31 and 36)

 

$

372,145,122

 

 

 

100

 

 

$

310,698,367

 

 

 

100

 

 

$

734,555,352

 

 

 

100

 

 

$

621,295,550

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COST OF REVENUE (Notes 12, 28 and 31)

 

 

185,910,987

 

 

 

50

 

 

 

146,005,542

 

 

 

47

 

 

 

358,545,998

 

 

 

49

 

 

 

295,818,544

 

 

 

48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

186,234,135

 

 

 

50

 

 

 

164,692,825

 

 

 

53

 

 

 

376,009,354

 

 

 

51

 

 

 

325,477,006

 

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REALIZED (UNREALIZED) GROSS PROFIT ON SALES TO ASSOCIATES

 

 

(37,317

)

 

 

-

 

 

 

(69,034

)

 

 

-

 

 

 

26,894

 

 

 

-

 

 

 

(76,707

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT

 

 

186,196,818

 

 

 

50

 

 

 

164,623,791

 

 

 

53

 

 

 

376,036,248

 

 

 

51

 

 

 

325,400,299

 

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES (Notes 28 and 31)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

30,873,376

 

 

 

8

 

 

 

24,893,043

 

 

 

8

 

 

 

61,629,734

 

 

 

8

 

 

 

49,861,926

 

 

 

8

 

General and administrative

 

 

7,826,613

 

 

 

2

 

 

 

6,894,405

 

 

 

2

 

 

 

14,350,858

 

 

 

2

 

 

 

12,797,466

 

 

 

2

 

Marketing

 

 

1,883,434

 

 

 

1

 

 

 

1,733,261

 

 

 

1

 

 

 

3,714,664

 

 

 

1

 

 

 

3,184,363

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

 

40,583,423

 

 

 

11

 

 

 

33,520,709

 

 

 

11

 

 

 

79,695,256

 

 

 

11

 

 

 

65,843,755

 

 

 

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

53,810

 

 

 

-

 

 

 

(8,544

)

 

 

-

 

 

 

(135,597

)

 

 

-

 

 

 

59,631

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME FROM OPERATIONS (Note 36)

 

 

145,667,205

 

 

 

39

 

 

 

131,094,538

 

 

 

42

 

 

 

296,205,395

 

 

 

40

 

 

 

259,616,175

 

 

 

42

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NON-OPERATING INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share of profits of associates

 

 

1,171,888

 

 

 

-

 

 

 

678,757

 

 

 

-

 

 

 

2,439,000

 

 

 

-

 

 

 

1,404,725

 

 

 

-

 

Interest income (Note 23)

 

 

1,428,681

 

 

 

1

 

 

 

2,478,362

 

 

 

1

 

 

 

2,889,585

 

 

 

-

 

 

 

5,467,431

 

 

 

1

 

Other income

 

 

349,186

 

 

 

-

 

 

 

233,415

 

 

 

-

 

 

 

657,270

 

 

 

-

 

 

 

343,924

 

 

 

-

 

Foreign exchange gain, net (Note 34)

 

 

649,882

 

 

 

-

 

 

 

2,779,312

 

 

 

1

 

 

 

6,123,871

 

 

 

1

 

 

 

3,155,103

 

 

 

-

 

Finance costs (Note 24)

 

 

(1,134,399

)

 

 

-

 

 

 

(409,145

)

 

 

-

 

 

 

(1,906,494

)

 

 

-

 

 

 

(939,709

)

 

 

-

 

Other gains and losses, net (Note 25)

 

 

1,258,632

 

 

 

-

 

 

 

(456,601

)

 

 

-

 

 

 

(1,953,163

)

 

 

-

 

 

 

(501,833

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-operating income and expenses

 

 

3,723,870

 

 

 

1

 

 

 

5,304,100

 

 

 

2

 

 

 

8,250,069

 

 

 

1

 

 

 

8,929,641

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME BEFORE INCOME TAX

 

 

149,391,075

 

 

 

40

 

 

 

136,398,638

 

 

 

44

 

 

 

304,455,464

 

 

 

41

 

 

 

268,545,816

 

 

 

43

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME TAX EXPENSE (Notes 4 and 26)

 

 

14,909,359

 

 

 

4

 

 

 

15,506,124

 

 

 

5

 

 

 

30,234,999

 

 

 

4

 

 

 

30,590,409

 

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME

 

 

134,481,716

 

 

 

36

 

 

 

120,892,514

 

 

 

39

 

 

 

274,220,465

 

 

 

37

 

 

 

237,955,407

 

 

 

38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

926,525

 

 

 

-

 

 

 

22,337

 

 

 

-

 

 

 

817,336

 

 

 

-

 

 

 

(21,710

)

 

 

-

 

Loss on hedging instruments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(41,416

)

 

 

-

 

 

 

(42,749

)

 

 

-

 

Share of other comprehensive income (loss) of associates

 

 

(3,645

)

 

 

-

 

 

 

(152

)

 

 

-

 

 

 

4,502

 

 

 

-

 

 

 

(3,469

)

 

 

-

 

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

 

 

(74

)

 

 

-

 

 

 

352

 

 

 

-

 

 

 

(55,845

)

 

 

-

 

 

 

466

 

 

 

-

 

  

 

 

922,806

 

 

 

-

 

 

 

22,537

 

 

 

-

 

 

 

724,577

 

 

 

-

 

 

 

(67,462

)

 

 

-

 

Items that may be reclassified subsequently to profit or loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exchange differences arising on translation of foreign operations

 

 

(10,901,084

)

 

 

(3

)

 

 

(14,725,220

)

 

 

(5

)

 

 

(3,095,279

)

 

 

-

 

 

 

(11,690,196

)

 

 

(2

)

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

 

 

(124,148

)

 

 

-

 

 

 

2,909,147

 

 

 

1

 

 

 

(1,790,169

)

 

 

-

 

 

 

2,698,399

 

 

 

1

 

Share of other comprehensive loss of associates

 

 

(99,112

)

 

 

-

 

 

 

(89,950

)

 

 

-

 

 

 

(73,657

)

 

 

-

 

 

 

(176,309

)

 

 

-

 

  

 

 

(11,124,344

)

 

 

(3

)

 

 

(11,906,023

)

 

 

(4

)

 

 

(4,959,105

)

 

 

-

 

 

 

(9,168,106

)

 

 

(1

)

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss for the period, net of income tax

 

 

(10,201,538

)

 

 

(3

)

 

 

(11,883,486

)

 

 

(4

)

 

 

(4,234,528

)

 

 

-

 

 

 

(9,235,568

)

 

 

(1

)

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

 

$

124,280,178

 

 

 

33

 

 

$

109,009,028

 

 

 

35

 

 

$

269,985,937

 

 

 

37

 

 

$

228,719,839

 

 

 

37

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$

134,358,942

 

 

 

36

 

 

$

120,822,193

 

 

 

39

 

 

$

274,049,435

 

 

 

37

 

 

$

237,808,913

 

 

 

38

 

Non-controlling interests

 

 

122,774

 

 

 

-

 

 

 

70,321

 

 

 

-

 

 

 

171,030

 

 

 

-

 

 

 

146,494

 

 

 

-

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

$

134,481,716

 

 

 

36

 

 

$

120,892,514

 

 

 

39

 

 

$

274,220,465

 

 

 

37

 

 

$

237,955,407

 

 

 

38

 

(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 June 30

 

For the Six Months Ended June 30

 

 

2021

 

2020

 

2021

 

2020

 

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$

124,157,722

 

 

 

33

 

 

$

108,937,736

 

 

 

35

 

 

$

269,815,033

 

 

 

37

 

 

$

228,572,728

 

 

 

37

 

Non-controlling interests

 

 

122,456

 

 

 

-

 

 

 

71,292

 

 

 

-

 

 

 

170,904

 

 

 

-

 

 

 

147,111

 

 

 

-

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

$

124,280,178

 

 

 

33

 

 

$

109,009,028

 

 

 

35

 

 

$

269,985,937

 

 

 

37

 

 

$

228,719,839

 

 

 

37

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS PER SHARE (NT$, Note 27)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

5.18

 

 

 

 

 

 

$

4.66

 

 

 

 

 

 

$

10.57

 

 

 

 

 

 

$

9.17

 

 

 

 

 

Diluted earnings per share

 

$

5.18

 

 

 

 

 

 

$

4.66

 

 

 

 

 

 

$

10.57

 

 

 

 

 

 

$

9.17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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