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Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
TWD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
TWD ($)
Dec. 31, 2017
TWD ($)
CASH FLOWS FROM OPERATING ACTIVITIES        
Income before income tax $ 41,867 $ 1,400 $ 44,986 $ 48,009
Adjustments to reconcile income before income tax to net cash provided by operating activities:        
Depreciation 30,923 1,034 27,482 28,164
Amortization 4,253 142 4,386 3,766
Amortization of incremental costs of obtaining contracts 1,173 39 1,941 0
Expected credit loss (reversal of credit loss) (125) (4) 920 0
Provision for doubtful accounts 0 0 0 643
Interest expenses 104 3 18 22
Interest income (251) (8) (197) (205)
Dividend income (296) (10) (396) (328)
Compensation cost of share-based payment transactions 2 0 17 22
Share of profits of associates and joint ventures accounted for using equity method (459) (15) (509) (419)
Loss (gain) on disposal of property, plant and equipment 38 1 (142) 107
Property, plant and equipment transferred to expenses 0 0 0 3
Loss on disposal of intangible assets 0 0 0 0
Gain on disposal of financial instruments (4) 0 (6) (3)
Gain on disposal of investments accounted for using equity method (151) (5) 0 0
Provision for inventory and obsolescence 475 16 365 52
Impairment loss on property, plant and equipment 93 4 0 0
Reversal of impairment loss on investment properties (57) (2) (19) (11)
Impairment loss on intangible assets 9 0 51 9
Impairment loss on other assets 44 1 0 0
Valuation loss (gain) on financial assets and liabilities at fair value through profit or loss, net 38 1 21 (1)
Others (26) (2) (17) 83
Changes in operating assets and liabilities:        
Financial assets mandatorily measured at fair value through profit or loss 0 0 63 0
Contract assets 173 6 2,751 0
Trade notes and accounts receivable 4,039 135 1,354 (1,191)
Receivables from related parties 7 0 25 (36)
Inventories (2,698) (90) (6,778) (1,469)
Prepayments 115 4 418 458
Other current monetary assets (155) (5) (173) (81)
Other current assets 146 5 (261) (61)
Incremental cost of obtaining a contract (781) (26) (802) 0
Contract liabilities 6,701 224 2,653 0
Trade notes and accounts payable (5,152) (172) 1,065 587
Payables to related parties (264) (9) 234 (78)
Other payables 697 23 (1,089) (691)
Provisions 97 3 27 82
Advance receipts 0 0 0 (728)
Other operating liabilities (159) (5) 422 (76)
Deferred revenue 0 0 0 66
Net defined benefit plans 534 18 (1,535) 49
Cash generated from operations 80,950 2,706 77,275 76,744
Interest paid (104) (4) (18) (22)
Income tax paid (8,419) (281) (10,891) (5,790)
Net cash provided by operating activities 72,427 2,421 66,366 70,932
CASH FLOWS FROM INVESTING ACTIVITIES        
Acquisition of financial assets at fair value through other comprehensive income (60) (2) (290) 0
Proceeds from return of financial assets at fair value through other comprehensive income 9 0 7 0
Acquisition of financial assets at fair value through profit or loss (443) (15) 0 0
Proceeds from disposal of financial assets at fair value through profit or loss 146 5 0 0
Acquisition of available-for-sale financial assets 0 0 0 (400)
Proceeds from disposal of available-for-sale financial assets 0 0 0 9
Proceeds from capital reduction of available-for-sale financial assets 0 0 0 12
Acquisition of time deposits and negotiable certificates of deposit with maturities of more than three months (14,381) (481) (9,720) (6,231)
Acquisition of repurchase agreement collateralized by bonds with maturities of more than three months (15) (1) 0 0
Proceeds from disposal of time deposits and negotiable certificates of deposit with maturities of more than three months 16,520 552 5,655 5,650
Proceeds from disposal of held-to-maturity financial assets 0 0 0 2,140
Acquisition of investments accounted for using equity method (4,190) (140) (205) 0
Proceeds from disposal of investments accounted for using equity method 32 1 3 0
Proceeds from capital reduction of investments accounted for using equity method 0 0 19 0
Acquisition of property, plant and equipment (24,166) (807) (28,550) (26,875)
Proceeds from disposal of property, plant and equipment 48 2 264 159
Acquisition of intangible assets (363) (12) (498) (11,305)
Acquisition of investment properties (1) 0 (6) 0
Increase in other noncurrent assets (1,122) (38) (80) (788)
Interest received 257 9 187 233
Cash dividends received 602 20 600 675
Net cash used in investing activities (27,127) (907) (32,614) (36,721)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from short-term loans 575 19 360 6,952
Repayment of short-term loans (585) (20) (330) (7,020)
Increase (decrease) in customers’ deposits 8 0 31 (111)
Payments for the principal of lease liabilities (3,728) (124) 0 0
Increase (decrease) in other noncurrent liabilities 233 8 84 (37)
Cash dividends paid (34,746) (1,162) (37,205) (38,336)
Partial disposal of interests in subsidiaries without losing control 0 0 1,175 106
Cash dividends distributed to noncontrolling interests (710) (24) (958) (942)
Change in other noncontrolling interests 18 1 1,806 2,777
Unclaimed dividend 1 0 2 3
Net cash used in financing activities (38,934) (1,302) (35,035) (36,608)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 39 2 103 122
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,405 214 (1,180) (2,275)
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR 27,645 924 28,825 31,100
CASH AND CASH EQUIVALENTS, END OF THE YEAR $ 34,050 $ 1,138 $ 27,645 $ 28,825