XML 130 R78.htm IDEA: XBRL DOCUMENT v3.20.1
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of detailed information about financial instruments [Line Items]  
Summary of Categories of Financial Instruments

Categories of Financial Instruments

 

 

 

December 31

 

 

 

2018

 

 

2019

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Financial assets

 

 

 

 

 

 

 

 

Measured at FVTPL

 

 

 

 

 

 

 

 

Mandatorily measured at FVTPL

 

$

517

 

 

$

779

 

Hedging financial assets

 

 

1

 

 

 

—

 

Financial assets at amortized cost (Note a)

 

 

70,241

 

 

 

71,852

 

Financial assets at FVOCI

 

 

6,933

 

 

 

7,154

 

Financial liabilities

 

 

 

 

 

 

 

 

Measured at FVTPL

 

 

 

 

 

 

 

 

Held for trading

 

 

1

 

 

 

—

 

Measured at amortized cost (Note b)

 

 

40,334

 

 

 

34,434

 

 

Note a:

The balances included cash and cash equivalents, trade notes and accounts receivable, receivables from related parties, other current monetary assets and refundable deposits (classified as other noncurrent assets) which were financial assets measured at amortized cost.

 

Note b:

The balances included short-term loans, trade notes and accounts payable, payables to related parties, partial other payables, customers’ deposits and long-term loans which were financial liabilities carried at amortized cost.

Maturity Analysis For Nonderivative Financial Liabilities

The following tables detailed the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods.  The tables had been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company is required to pay.

 

 

 

Weighted

Average

Effective

Interest

Rate (%)

 

 

Less than

1 Month

 

 

1-3

Months

 

 

3 Months

to 1 Year

 

 

1-5 Years

 

 

More than

5 Years

 

 

Total

 

 

 

 

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

 

(In Millions)

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-derivative financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest bearing

 

 

—

 

 

$

41,808

 

 

$

—

 

 

$

2,890

 

 

$

4,717

 

 

$

—

 

 

$

49,415

 

Floating interest rate instruments

 

 

0.98

 

 

 

—

 

 

 

—

 

 

 

100

 

 

 

1,600

 

 

 

—

 

 

 

1,700

 

 

 

 

 

 

 

$

41,808

 

 

$

—

 

 

$

2,990

 

 

$

6,317

 

 

$

—

 

 

$

51,115

 

 

 

 

Weighted

Average

Effective

Interest

Rate (%)

 

 

Less than

1 Month

 

 

1-3

Months

 

 

3 Months

to 1 Year

 

 

1-5 Years

 

 

More than

5 Years

 

 

Total

 

 

 

 

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

 

 

 

 

(In Millions)

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-derivative financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest bearing

 

 

—

 

 

$

36,387

 

 

$

—

 

 

$

2,532

 

 

$

4,748

 

 

$

—

 

 

$

43,667

 

Floating interest rate instruments

 

 

0.98

 

 

 

50

 

 

 

10

 

 

 

30

 

 

 

1,600

 

 

 

—

 

 

 

1,690

 

 

 

 

 

 

 

$

36,437

 

 

$

10

 

 

$

2,562

 

 

$

6,348

 

 

$

—

 

 

$

45,357

 

 
Information About the Maturity Analysis for Lease Liabilities

Information about the maturity analysis for lease liabilities was as follows:

 

 

 

Less than 1 Year

 

 

1-3 Years

 

 

3-5 Years

 

 

More than 5 Years

 

 

Total

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Lease liabilities

 

$

3,310

 

 

$

4,394

 

 

$

1,581

 

 

$

645

 

 

$

9,930

 
Liquidity Analysis for Derivative Financial Instruments

The following table detailed the Company’s liquidity analysis for its derivative financial instruments.  The table had been drawn up based on the undiscounted gross inflows and outflows on those derivatives that require gross settlement.

 

 

 

Less than

1 Month

 

 

1-3 Months

 

 

3 Months to

1 Year

 

 

1-5 Years

 

 

Total

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross settled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward exchange contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inflows

 

$

62

 

 

$

238

 

 

$

126

 

 

$

—

 

 

$

426

 

Outflows

 

 

62

 

 

 

238

 

 

 

126

 

 

 

—

 

 

 

426

 

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross settled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward exchange contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inflows

 

$

26

 

 

$

135

 

 

$

—

 

 

$

—

 

 

$

161

 

Outflows

 

 

26

 

 

 

135

 

 

 

—

 

 

 

—

 

 

 

161

 

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 
Financing Facilities

 

 

2)

Financing facilities

 

 

 

December 31

 

 

 

2018

 

 

2019

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Unsecured bank loan facility

 

 

 

 

 

 

 

 

Amount used

 

$

133

 

 

$

121

 

Amount unused

 

 

46,328

 

 

 

46,109

 

 

 

$

46,461

 

 

$

46,230

 

Secured bank loan facility

 

 

 

 

 

 

 

 

Amount used

 

$

1,600

 

 

$

1,600

 

Amount unused

 

 

1,340

 

 

 

1,340

 

 

 

$

2,940

 

 

$

2,940

 

 
Foreign currency risk [Member]  
Disclosure of detailed information about financial instruments [Line Items]  
Carrying Amounts of Assets and Liabilities Related to Market Risk

 

1)

Foreign currency risk

The carrying amounts of the Company’s foreign currency denominated monetary assets and monetary liabilities at the balance sheet dates were as follows:

 

 

 

December 31

 

 

 

2018

 

 

2019

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Assets

 

 

 

 

 

 

 

 

USD

 

$

5,903

 

 

$

5,782

 

EUR

 

 

34

 

 

 

12

 

SGD

 

 

124

 

 

 

225

 

JPY

 

 

17

 

 

 

17

 

RMB

 

 

2

 

 

 

9

 

Liabilities

 

 

 

 

 

 

 

 

USD

 

 

6,999

 

 

 

4,121

 

EUR

 

 

1,217

 

 

 

206

 

SGD

 

 

51

 

 

 

1,263

 

JPY

 

 

14

 

 

 

14

 

RMB

 

 

—

 

 

 

—

 

 

The carrying amounts of the Company’s derivatives with exchange rate risk exposures at the balance sheet dates were as follows:

 

 

 

December 31

 

 

 

2018

 

 

2019

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Assets

 

 

 

 

 

 

 

 

USD

 

$

—

 

 

$

—

 

EUR

 

 

1

 

 

 

—

 

Liabilities

 

 

 

 

 

 

 

 

USD

 

 

—

 

 

 

—

 

EUR

 

 

1

 

 

 

—

 
Foreign Currency Risk Sensitivity Analysis

The following table details the Company’s sensitivity to a 5% increase and decrease in the functional currency against the relevant foreign currencies.  5% is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management’s assessment of the reasonably possible changes in foreign exchange rates.  The sensitivity analysis includes only outstanding foreign currency denominated monetary items and forward exchange contracts.  A positive number below indicates an increase in pre-tax profit or equity where the functional currency weakens 5% against the relevant currency.  

 

 

 

Year Ended December 31

 

 

 

2017

 

 

2018

 

 

2019

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Profit or loss

 

 

 

 

 

 

 

 

 

 

 

 

Monetary assets and liabilities (a)

 

 

 

 

 

 

 

 

 

 

 

 

USD

 

$

31

 

 

$

(55

)

 

$

83

 

EUR

 

 

(65

)

 

 

(59

)

 

 

(10

)

SGD

 

 

(2

)

 

 

4

 

 

 

(52

)

JPY

 

 

1

 

 

 

—

 

 

 

—

 

RMB

 

 

—

 

 

 

—

 

 

 

—

 

Derivatives (b)

 

 

 

 

 

 

 

 

 

 

 

 

USD

 

 

6

 

 

 

3

 

 

 

1

 

EUR

 

 

3

 

 

 

10

 

 

 

3

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives (c)

 

 

 

 

 

 

 

 

 

 

 

 

EUR

 

 

7

 

 

 

9

 

 

 

4

 

 

a)

This is mainly attributable to the exposure to foreign currency denominated receivables and payables of the Company outstanding at the balance sheet dates.

 

b)

This is mainly attributable to forward exchange contracts.

 

c)

This is mainly attributable to the changes in the fair value of derivatives that are designated as cash flow hedges.
Interest rate risk [member]  
Disclosure of detailed information about financial instruments [Line Items]  
Carrying Amounts of Assets and Liabilities Related to Market Risk

The carrying amounts of the Company’s exposures to interest rates on financial assets and financial liabilities at the balance sheet dates were as follows:

 

 

December 31

 

 

 

2018

 

 

2019

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Fair value interest rate risk

 

 

 

 

 

 

 

 

Financial assets

 

$

25,822

 

 

$

30,947

 

Financial liabilities

 

 

—

 

 

 

9,758

 

Cash flow interest rate risk

 

 

 

 

 

 

 

 

Financial assets

 

 

9,161

 

 

 

7,681

 

Financial liabilities

 

 

1,700

 

 

 

1,690