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, 2022 and 2021 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 REPOR

 

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, 2022 and 2021, the related consolidated statements of comprehensive income for the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022 and 2021, 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, 2022 and 2021, its consolidated financial performance for the three months ended June 30, 2022 and 2021, and its consolidated financial performance and its consolidated cash flows for the six months then ended June 30, 2022 and 2021 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 9, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2022

(Reviewed)

 

December 31, 2021

(Audited)

 

June 30, 2021

(Reviewed)

ASSETS

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (Note 6)

 

$

1,253,189,197

 

 

 

29

 

 

$

1,064,990,192

 

 

 

29

 

 

$

747,982,082

 

 

 

24

 

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

 

 

214,215

 

 

 

-

 

 

 

159,048

 

 

 

-

 

 

 

58,325

 

 

 

-

 

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

 

 

120,954,506

 

 

 

3

 

 

 

119,519,251

 

 

 

3

 

 

 

122,794,529

 

 

 

4

 

Financial assets at amortized cost (Note 9)

 

 

51,165,762

 

 

 

1

 

 

 

3,773,571

 

 

 

-

 

 

 

-

 

 

 

-

 

Hedging financial assets (Note 10)

 

 

44,686

 

 

 

-

 

 

 

13,468

 

 

 

-

 

 

 

310

 

 

 

-

 

Notes and accounts receivable, net (Note 11)

 

 

220,996,537

 

 

 

5

 

 

 

197,586,109

 

 

 

5

 

 

 

177,475,493

 

 

 

6

 

Receivables from related parties (Note 31)

 

 

1,072,699

 

 

 

-

 

 

 

715,324

 

 

 

-

 

 

 

784,397

 

 

 

-

 

Other receivables from related parties (Note 31)

 

 

2,518,059

 

 

 

-

 

 

 

61,531

 

 

 

-

 

 

 

1,711,652

 

 

 

-

 

Inventories (Note 12)

 

 

217,438,091

 

 

 

5

 

 

 

193,102,321

 

 

 

5

 

 

 

170,438,686

 

 

 

6

 

Other financial assets (Note 32)

 

 

24,931,373

 

 

 

1

 

 

 

16,630,611

 

 

 

1

 

 

 

12,450,123

 

 

 

-

 

Other current assets

 

 

13,341,271

 

 

 

-

 

 

 

10,521,481

 

 

 

-

 

 

 

7,408,426

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current assets

 

 

1,905,866,396

 

 

 

44

 

 

 

1,607,072,907

 

 

 

43

 

 

 

1,241,104,023

 

 

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

6,503,252

 

 

 

-

 

 

 

5,887,892

 

 

 

-

 

 

 

5,389,958

 

 

 

-

 

Financial assets at amortized cost (Note 9)

 

 

34,139,722

 

 

 

1

 

 

 

1,533,391

 

 

 

-

 

 

 

4,336,636

 

 

 

-

 

Investments accounted for using equity method (Note 13)

 

 

23,797,518

 

 

 

-

 

 

 

21,963,418

 

 

 

1

 

 

 

19,336,878

 

 

 

1

 

Property, plant and equipment (Note 14)

 

 

2,248,318,787

 

 

 

52

 

 

 

1,975,118,704

 

 

 

53

 

 

 

1,722,679,133

 

 

 

56

 

Right-of-use assets (Note 15)

 

 

34,293,532

 

 

 

1

 

 

 

32,734,537

 

 

 

1

 

 

 

32,619,272

 

 

 

1

 

Intangible assets (Note 16)

 

 

27,208,993

 

 

 

1

 

 

 

26,821,697

 

 

 

1

 

 

 

26,535,043

 

 

 

1

 

Deferred income tax assets (Note 4)

 

 

57,848,313

 

 

 

1

 

 

 

49,153,886

 

 

 

1

 

 

 

36,180,371

 

 

 

1

 

Refundable deposits

 

 

4,125,907

 

 

 

-

 

 

 

2,624,854

 

 

 

-

 

 

 

2,513,142

 

 

 

-

 

Other noncurrent assets

 

 

3,838,915

 

 

 

-

 

 

 

2,592,169

 

 

 

-

 

 

 

2,120,733

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent assets

 

 

2,440,074,939

 

 

 

56

 

 

 

2,118,430,548

 

 

 

57

 

 

 

1,851,711,166

 

 

 

60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$

4,345,941,335

 

 

 

100

 

 

$

3,725,503,455

 

 

 

100

 

 

$

3,092,815,189

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term loans (Notes 17 and 29)

 

$

115,584,794

 

 

 

3

 

 

$

114,921,333

 

 

 

3

 

 

$

139,380,910

 

 

 

5

 

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

 

 

716,981

 

 

 

-

 

 

 

681,914

 

 

 

-

 

 

 

1,828,338

 

 

 

-

 

Hedging financial liabilities (Note 10)

 

 

-

 

 

 

-

 

 

 

9,642

 

 

 

-

 

 

 

10,216

 

 

 

-

 

Accounts payable

 

 

58,024,952

 

 

 

1

 

 

 

47,285,603

 

 

 

1

 

 

 

39,725,757

 

 

 

1

 

Payables to related parties (Note 31)

 

 

1,793,114

 

 

 

-

 

 

 

1,437,186

 

 

 

-

 

 

 

1,504,156

 

 

 

-

 

Salary and bonus payable

 

 

25,716,367

 

 

 

1

 

 

 

23,802,100

 

 

 

1

 

 

 

17,148,913

 

 

 

1

 

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

 

 

63,171,737

 

 

 

1

 

 

 

36,524,741

 

 

 

1

 

 

 

52,328,940

 

 

 

2

 

Payables to contractors and equipment suppliers

 

 

160,489,081

 

 

 

4

 

 

 

145,742,148

 

 

 

4

 

 

 

107,146,153

 

 

 

3

 

Cash dividends payable (Note 20)

 

 

142,805,490

 

 

 

3

 

 

 

142,617,093

 

 

 

4

 

 

 

136,134,497

 

 

 

4

 

Income tax payable (Note 4)

 

 

62,063,783

 

 

 

1

 

 

 

59,647,152

 

 

 

2

 

 

 

40,022,662

 

 

 

1

 

Long-term liabilities - current portion (Notes 18, 19 and 29)

 

 

17,059,167

 

 

 

-

 

 

 

4,566,667

 

 

 

-

 

 

 

-

 

 

 

-

 

Accrued expenses and other current liabilities (Notes 15, 21, 29 and 31)

 

 

197,815,515

 

 

 

5

 

 

 

162,267,779

 

 

 

4

 

 

 

112,518,405

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 

 

845,240,981

 

 

 

19

 

 

 

739,503,358

 

 

 

20

 

 

 

647,748,947

 

 

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bonds payable (Notes 18 and 29)

 

 

753,889,823

 

 

 

17

 

 

 

610,070,652

 

 

 

16

 

 

 

410,464,857

 

 

 

13

 

Long-term bank loans (Notes 19 and 29)

 

 

3,318,773

 

 

 

-

 

 

 

3,309,131

 

 

 

-

 

 

 

3,171,331

 

 

 

-

 

Deferred income tax liabilities (Note 4)

 

 

940,675

 

 

 

-

 

 

 

1,873,877

 

 

 

-

 

 

 

2,142,797

 

 

 

-

 

Lease liabilities (Notes 15 and 29)

 

 

22,510,412

 

 

 

1

 

 

 

20,764,214

 

 

 

1

 

 

 

21,030,441

 

 

 

1

 

Net defined benefit liability (Note 4)

 

 

8,513,260

 

 

 

-

 

 

 

11,036,879

 

 

 

-

 

 

 

11,285,520

 

 

 

1

 

Guarantee deposits

 

 

834,170

 

 

 

-

 

 

 

686,762

 

 

 

-

 

 

 

392,398

 

 

 

-

 

Others (Note 21)

 

 

200,231,116

 

 

 

5

 

 

 

167,525,377

 

 

 

5

 

 

 

2,608,325

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent liabilities

 

 

990,238,229

 

 

 

23

 

 

 

815,266,892

 

 

 

22

 

 

 

451,095,669

 

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

1,835,479,210

 

 

 

42

 

 

 

1,554,770,250

 

 

 

42

 

 

 

1,098,844,616

 

 

 

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital stock (Notes 4 and 20)

 

 

259,303,805

 

 

 

6

 

 

 

259,303,805

 

 

 

7

 

 

 

259,303,805

 

 

 

8

 

Capital surplus (Notes 4, 20 and 27)

 

 

69,333,650

 

 

 

1

 

 

 

64,761,602

 

 

 

2

 

 

 

64,753,836

 

 

 

2

 

Retained earnings (Notes 4 and 20)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appropriated as legal capital reserve

 

 

311,146,899

 

 

 

7

 

 

 

311,146,899

 

 

 

8

 

 

 

311,146,899

 

 

 

10

 

Appropriated as special capital reserve

 

 

47,067,461

 

 

 

1

 

 

 

59,304,212

 

 

 

2

 

 

 

48,392,823

 

 

 

2

 

Unappropriated earnings

 

 

1,844,911,241

 

 

 

43

 

 

 

1,536,378,550

 

 

 

41

 

 

 

1,366,782,481

 

 

 

44

 

 

 

 

2,203,125,601

 

 

 

51

 

 

 

1,906,829,661

 

 

 

51

 

 

 

1,726,322,203

 

 

 

56

 

Others (Notes 4, 20 and 27)

 

 

(35,409,864

)

 

 

(1

)

 

 

(62,608,515

)

 

 

(2

)

 

 

(58,594,043

)

 

 

(2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity attributable to shareholders of the parent

 

 

2,496,353,192

 

 

 

57

 

 

 

2,168,286,553

 

 

 

58

 

 

 

1,991,785,801

 

 

 

64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NON - CONTROLLING INTERESTS

 

 

14,108,933

 

 

 

1

 

 

 

2,446,652

 

 

 

-

 

 

 

2,184,772

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity

 

 

2,510,462,125

 

 

 

58

 

 

 

2,170,733,205

 

 

 

58

 

 

 

1,993,970,573

 

 

 

64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$

4,345,941,335

 

 

 

100

 

 

$

3,725,503,455

 

 

 

100

 

 

$

3,092,815,189

 

 

 

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

 

 

2022

 

2021

 

2022

 

2021

 

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET REVENUE (Notes 21, 31 and 36)

 

$

534,140,808

 

 

 

100

 

 

$

372,145,122

 

 

 

100

 

 

$

1,025,216,681

 

 

 

100

 

 

$

734,555,352

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COST OF REVENUE (Notes 12, 28 and 31)

 

 

218,672,814

 

 

 

41

 

 

 

185,948,304

 

 

 

50

 

 

 

436,545,521

 

 

 

43

 

 

 

358,519,104

 

 

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT

 

 

315,467,994

 

 

 

59

 

 

 

186,196,818

 

 

 

50

 

 

 

588,671,160

 

 

 

57

 

 

 

376,036,248

 

 

 

51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES (Notes 28 and 31)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

39,649,130

 

 

 

8

 

 

 

30,873,376

 

 

 

8

 

 

 

75,697,670

 

 

 

7

 

 

 

61,629,734

 

 

 

8

 

General and administrative

 

 

11,568,594

 

 

 

2

 

 

 

7,826,613

 

 

 

2

 

 

 

22,068,621

 

 

 

2

 

 

 

14,350,858

 

 

 

2

 

Marketing

 

 

2,156,794

 

 

 

-

 

 

 

1,883,434

 

 

 

1

 

 

 

4,219,417

 

 

 

1

 

 

 

3,714,664

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

 

53,374,518

 

 

 

10

 

 

 

40,583,423

 

 

 

11

 

 

 

101,985,708

 

 

 

10

 

 

 

79,695,256

 

 

 

11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

30,273

 

 

 

-

 

 

 

53,810

 

 

 

-

 

 

 

(771,585

)

 

 

-

 

 

 

(135,597

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME FROM OPERATIONS (Note 36)

 

 

262,123,749

 

 

 

49

 

 

 

145,667,205

 

 

 

39

 

 

 

485,913,867

 

 

 

47

 

 

 

296,205,395

 

 

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NON-OPERATING INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share of profits of associates

 

 

2,258,005

 

 

 

-

 

 

 

1,171,888

 

 

 

-

 

 

 

3,983,495

 

 

 

-

 

 

 

2,439,000

 

 

 

-

 

Interest income (Note 22)

 

 

3,545,945

 

 

 

1

 

 

 

1,428,681

 

 

 

1

 

 

 

5,219,824

 

 

 

1

 

 

 

2,889,585

 

 

 

-

 

Other income

 

 

512,177

 

 

 

-

 

 

 

349,186

 

 

 

-

 

 

 

820,560

 

 

 

-

 

 

 

657,270

 

 

 

-

 

Foreign exchange gain, net (Note 34)

 

 

7,864,798

 

 

 

2

 

 

 

649,882

 

 

 

-

 

 

 

9,607,686

 

 

 

1

 

 

 

6,123,871

 

 

 

1

 

Finance costs (Note 23)

 

 

(2,904,231

)

 

 

(1

)

 

 

(1,134,399

)

 

 

-

 

 

 

(5,044,997

)

 

 

-

 

 

 

(1,906,494

)

 

 

-

 

Other gains and losses, net (Note 24)

 

 

(7,402,162

)

 

 

(1

)

 

 

1,258,632

 

 

 

-

 

 

 

(7,670,458

)

 

 

(1

)

 

 

(1,953,163

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-operating income and expenses

 

 

3,874,532

 

 

 

1

 

 

 

3,723,870

 

 

 

1

 

 

 

6,916,110

 

 

 

1

 

 

 

8,250,069

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME BEFORE INCOME TAX

 

 

265,998,281

 

 

 

50

 

 

 

149,391,075

 

 

 

40

 

 

 

492,829,977

 

 

 

48

 

 

 

304,455,464

 

 

 

41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME TAX EXPENSE (Notes 4 and 25)

 

 

28,818,029

 

 

 

6

 

 

 

14,909,359

 

 

 

4

 

 

 

52,776,351

 

 

 

5

 

 

 

30,234,999

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME

 

 

237,180,252

 

 

 

44

 

 

 

134,481,716

 

 

 

36

 

 

 

440,053,626

 

 

 

43

 

 

 

274,220,465

 

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER COMPREHENSIVE INCOME (LOSS) (Notes 20 and 25)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(143,758

)

 

 

-

 

 

 

926,525

 

 

 

-

 

 

 

172,201

 

 

 

-

 

 

 

817,336

 

 

 

-

 

Loss on hedging instruments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(41,416

)

 

 

-

 

Share of other comprehensive income (loss) of associates

 

 

11,248

 

 

 

-

 

 

 

(3,645

)

 

 

-

 

 

 

55,087

 

 

 

-

 

 

 

4,502

 

 

 

-

 

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

 

 

246

 

 

 

-

 

 

 

(74

)

 

 

-

 

 

 

231

 

 

 

-

 

 

 

(55,845

)

 

 

-

 

  

 

 

(132,264

)

 

 

-

 

 

 

922,806

 

 

 

-

 

 

 

227,519

 

 

 

-

 

 

 

724,577

 

 

 

-

 

Items that may be reclassified subsequently to profit or loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exchange differences arising on translation of foreign operations

 

 

13,866,707

 

 

 

2

 

 

 

(10,901,084

)

 

 

(3

)

 

 

33,212,298

 

 

 

4

 

 

 

(3,095,279

)

 

 

-

 

Unrealized loss on investments in debt instruments at fair value through other comprehensive income

 

 

(3,184,221

)

 

 

1

 

 

 

(124,148

)

 

 

-

 

 

 

(8,289,365

)

 

 

(1

)

 

 

(1,790,169

)

 

 

-

 

Gain on hedging instruments

 

 

648,756

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,342,584

 

 

 

-

 

 

 

-

 

 

 

-

 

Share of other comprehensive income (loss) of associates

 

 

127,191

 

 

 

-

 

 

 

(99,112

)

 

 

-

 

 

 

291,650

 

 

 

-

 

 

 

(73,657

)

 

 

-

 

Income tax benefit related to items that may be reclassified subsequently

 

 

53,336

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

6,036

 

 

 

-

 

 

 

-

 

 

 

-

 

  

 

 

11,511,769

 

 

 

3

 

 

 

(11,124,344

)

 

 

(3

)

 

 

26,563,203

 

 

 

3

 

 

 

(4,959,105

)

 

 

-

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

11,379,505

 

 

 

3

 

 

 

(10,201,538

)

 

 

(3

)

 

 

26,790,722

 

 

 

3

 

 

 

(4,234,528

)

 

 

-

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

 

$

248,559,757

 

 

 

47

 

 

$

124,280,178

 

 

 

33

 

 

$

466,844,348

 

 

 

46

 

 

$

269,985,937

 

 

 

37

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$

237,027,317

 

 

 

44

 

 

$

134,358,942

 

 

 

36

 

 

$

439,760,292

 

 

 

43

 

 

$

274,049,435

 

 

 

37

 

Non-controlling interests

 

 

152,935

 

 

 

-

 

 

 

122,774

 

 

 

-

 

 

 

293,334

 

 

 

-

 

 

 

171,030

 

 

 

-

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

$

237,180,252

 

 

 

44

 

 

$

134,481,716

 

 

 

36

 

 

$

440,053,626

 

 

 

43

 

 

$

274,220,465

 

 

 

37

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$

249,048,661

 

 

 

47

 

 

$

124,157,722

 

 

 

33

 

 

$

467,332,315

 

 

 

46

 

 

$

269,815,033

 

 

 

37

 

Non-controlling interests

 

 

(488,904

)

 

 

-

 

 

 

122,456

 

 

 

-

 

 

 

(487,967

)

 

 

-

 

 

 

170,904

 

 

 

-

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

$

248,559,757

 

 

 

47

 

 

$

124,280,178

 

 

 

33

 

 

$

466,844,348

 

 

 

46

 

 

$

269,985,937

 

 

 

37

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EARNINGS PER SHARE (NT$, Note 26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

9.14

 

 

 

 

 

 

$

5.18

 

 

 

 

 

 

$

16.96

 

 

 

 

 

 

$

10.57

 

 

 

 

 

Diluted earnings per share

 

$

9.14

 

 

 

 

 

 

$

5.18

 

 

 

 

 

 

$

16.96

 

 

 

 

 

 

$

10.57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

4

 

 

 

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