TSM [TAIWAN SEMICONDUCTOR MANUFACTURING CO] 6-K: Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries Consolidated

Ticker: TSM, Company: TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD, Type: 6-K, Date: 2019-11-19
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Webplus: TSM/20191119/6-K/2_EX-99.1/000.htm SEC Original: tsm-ex991_33.htm
Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries Consolidated Financial Statements for the Nine Months Ended September 30, 2019 and 2018 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



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, 2019 and 2018 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, 2019 and 2018, the related consolidated statements of comprehensive income for the three months ended September 30, 2019 and 2018 and for the nine months ended September 30, 2019 and 2018, 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, 2019 and 2018, its consolidated financial performance for the three months ended September 30, 2019 and 2018, and its consolidated financial performance and its consolidated cash flows for the nine months ended September 30, 2019 and 2018 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 12, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2019

(Reviewed)

 

December 31, 2018

(Audited)

 

September 30, 2018

(Reviewed)

ASSETS

 

Amount

 

%

 

Amount

 

%

 

Amount

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (Note 6)

 

$   452,430,300

 

21

 

$   577,814,601

 

28

 

$   488,732,121

 

25

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

 

322,089

 

-

 

3,504,590

 

-

 

4,057,240

 

-

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

 

132,133,452

 

6

 

99,561,740

 

5

 

99,214,066

 

5

Financial assets at amortized cost (Note 9)

 

-

 

-

 

14,277,615

 

1

 

11,891,845

 

1

Hedging financial assets (Note 10)

 

37,003

 

-

 

23,497

 

-

 

124,242

 

-

Notes and accounts receivable, net (Note 11)

 

144,240,857

 

7

 

128,613,391

 

6

 

127,782,905

 

7

Receivables from related parties (Note 30)

 

1,180,780

 

-

 

584,412

 

-

 

1,757,073

 

-

Other receivables from related parties (Note 30)

 

56,581

 

-

 

65,028

 

-

 

64,385

 

-

Inventories (Note 12)

 

96,685,730

 

5

 

103,230,976

 

5

 

105,336,576

 

5

Other financial assets (Note 31)

 

17,714,646

 

1

 

18,597,448

 

1

 

15,178,774

 

1

Other current assets

 

      4,625,998

 

    -

 

       5,406,423

 

    -

 

       5,084,478

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current assets

 

     849,427,436

 

   40

 

     951,679,721

 

   46

 

     859,223,705

 

   44

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

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

 

4,026,516

 

-

 

3,910,681

 

-

 

5,701,354

 

-

Financial assets at amortized cost (Note 9)

 

7,914,087

 

-

 

7,528,277

 

-

 

7,470,742

 

-

Investments accounted for using equity method (Note 13)

 

18,193,969

 

1

 

17,865,838

 

1

 

16,630,670

 

1

Property, plant and equipment (Note 14)

 

1,197,955,298

 

56

 

1,072,050,279

 

51

 

1,048,516,835

 

53

Right-of-use assets (Notes 4 and 15)

 

17,506,826

 

1

 

-

 

-

 

-

 

-

Intangible assets (Note 16)

 

18,093,573

 

1

 

17,002,137

 

1

 

13,989,184

 

1

Deferred income tax assets (Note 4)

 

17,179,511

 

1

 

16,806,387

 

1

 

14,697,325

 

1

Refundable deposits

 

2,256,399

 

-

 

1,700,071

 

-

 

1,968,751

 

-

Other noncurrent assets

 

     1,680,835

 

    -

 

       1,584,647

 

    -

 

       1,690,222

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent assets

 

   1,284,807,014

 

   60

 

   1,138,448,317

 

   54

 

   1,110,665,083

 

   56

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$  2,134,234,450

 

  100

 

$  2,090,128,038

 

  100

 

$  1,969,888,788

 

  100

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

Short-term loans (Notes 17 and 28)

 

$    85,573,710

 

4

 

$88,754,640

 

4

 

$73,974,625

 

4

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

 

497,911

 

-

 

40,825

 

-

 

240,620

 

-

Hedging financial liabilities (Note 10)

 

23,852

 

-

 

155,832

 

-

 

3,750

 

-

Accounts payable

 

35,320,208

 

2

 

32,980,933

 

2

 

28,733,773

 

1

Payables to related parties (Note 30)

 

1,638,009

 

-

 

1,376,499

 

-

 

1,571,303

 

-

Salary and bonus payable

 

13,573,620

 

1

 

14,471,372

 

1

 

11,937,583

 

1

Accrued profit sharing bonus to employees and compensation to directors and supervisors (Note 27)

 

16,271,091

 

1

 

23,981,154

 

1

 

17,789,768

 

1

Payables to contractors and equipment suppliers

 

93,441,774

 

4

 

43,133,659

 

2

 

58,590,057

 

3

Cash dividends payable (Note 20)

 

116,686,712

 

5

 

-

 

-

 

-

 

-

Income tax payable (Note 4)

 

33,205,431

 

2

 

38,987,053

 

2

 

39,157,673

 

2

Long-term liabilities - current portion (Notes 18 and 28)

 

31,800,000

 

1

 

34,900,000

 

2

 

34,900,000

 

2

Accrued expenses and other current liabilities (Notes 15, 19, 21 and 28)

 

     66,748,807

 

    3

 

      61,760,619

 

    3

 

      54,731,050

 

    3

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 

    494,781,125

 

   23

 

     340,542,586

 

   17

 

     321,630,202

 

   17

 

 

 

 

 

 

 

 

 

 

 

 

 

NONCURRENT LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

Bonds payable (Notes 18 and 28)

 

25,100,000

 

1

 

56,900,000

 

3

 

56,900,000

 

3

Deferred income tax liabilities (Note 4)

 

115,856

 

-

 

233,284

 

-

 

254,887

 

-

Lease liabilities (Notes 4, 15 and 28)

 

15,031,539

 

1

 

-

 

-

 

-

 

-

Net defined benefit liability (Note 4)

 

9,417,475

 

1

 

9,651,405

 

-

 

8,788,142

 

-

Guarantee deposits (Notes 19 and 28)

 

210,198

 

-

 

3,353,378

 

-

 

4,445,580

 

-

Others

 

       2,081,256

 

    -

 

      1,950,989

 

    -

 

       2,039,976

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

Total noncurrent liabilities

 

      51,956,324

 

    3

 

     72,089,056

 

    3

 

      72,428,585

 

    3

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

     546,737,449

 

   26

 

    412,631,642

 

   20

 

     394,058,787

 

   20

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUITY ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT

 

 

 

 

 

 

 

 

 

 

 

 

Capital stock (Note 20)

 

     259,303,805

 

   12

 

     259,303,805

 

   12

 

     259,303,805

 

   13

Capital surplus (Note 20)

 

      56,320,929

 

    3

 

     56,315,932

 

    3

 

      56,311,659

 

    3

Retained earnings (Note 20)

 

 

 

 

 

 

 

 

 

 

 

 

Appropriated as legal capital reserve

 

311,146,899

 

15

 

276,033,811

 

13

 

276,033,811

 

14

Appropriated as special capital reserve

 

7,385,940

 

-

 

26,907,527

 

1

 

26,907,527

 

1

Unappropriated earnings

 

     963,373,599

 

   45

 

   1,073,706,503

 

   52

 

     974,796,321

 

   50

 

 

   1,281,906,438

 

   60

 

   1,376,647,841

 

   66

 

   1,277,737,659

 

   65

Others (Note 20)

 

   (10,675,106)

 

   (1)

 

   (15,449,913)

 

   (1)

 

   (18,181,209)

 

   (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity attributable to shareholders of the parent

 

1,586,856,066

 

74

 

1,676,817,665

 

80

 

1,575,171,914

 

80

 

 

 

 

 

 

 

 

 

 

 

 

 

NON - CONTROLLING INTERESTS

 

        640,935

 

    -

 

       678,731

 

    -

 

        658,087

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

Total equity

 

   1,587,497,001

 

   74

 

   1,677,496,396

 

   80

 

   1,575,830,001

 

   80

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

$  2,134,234,450

 

  100

 

$  2,090,128,038

 

  100

 

$   1,969,888,788

 

  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

 

 

2019

 

2018

 

2019

 

2018

 

 

Amount  

 

%  

 

Amount  

 

%  

 

Amount  

 

%  

 

Amount  

 

%  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET REVENUE (Notes 21, 30 and 36)

 

$  293,045,439

 

100

 

$ 260,347,882

 

100

 

$  752,748,383

 

100

 

$  741,703,364

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COST OF REVENUE (Notes 12, 27, 30 and 34)

 

  153,613,278

 

  52

 

   136,967,039

 

   53

 

   419,290,867

 

   56

 

   381,759,723

 

   51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

139,432,161

 

48

 

123,380,843

 

47

 

333,457,516

 

44

 

359,943,641

 

49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REALIZED (UNREALIZED) GROSS PROFIT ON SALES TO ASSOCIATES

 

     (19,727)

 

   -

 

     (14,203)

 

    -

 

       42,535

 

    -

 

     (188,528)

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROSS PROFIT

 

   139,412,434

 

  48

 

   123,366,640

 

   47

 

   333,500,051

 

   44

 

   359,755,113

 

   49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EXPENSES (Notes 27 and 30)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

23,972,076

 

8

 

21,886,199

 

8

 

65,783,115

 

9

 

62,206,346

 

8

General and administrative

 

5,810,048

 

2

 

4,656,730

 

2

 

14,239,040

 

2

 

14,579,032

 

2

Marketing

 

    1,596,829

 

   1

 

     1,585,523

 

    -

 

    4,539,806

 

    -

 

    4,511,592

 

    1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

   31,378,953

 

  11

 

    28,128,452

 

   10

 

   84,561,961

 

   11

 

   81,296,970

 

   11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER OPERATING INCOME AND EXPENSES, NET (Notes 14, 15 and 27)

 

     (146,189)

 

    -

 

        6,993

 

    -

 

     (480,722)

 

    -

 

   (1,957,870)

 

   (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME FROM OPERATIONS (Note 36)

 

   107,887,292

 

   37

 

    95,245,181

 

   37

 

   248,457,368

 

   33

 

   276,500,273

 

   37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NON-OPERATING INCOME AND EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share of profits of associates

 

915,714

 

-

 

997,827

 

-

 

1,977,740

 

-

 

1,946,111

 

-

Other income (Note 22)

 

3,918,123

 

1

 

3,817,473

 

1

 

13,118,246

 

2

 

10,701,950

 

2

Foreign exchange gain, net (Note 33)

 

1,038,425

 

-

 

444,202

 

-

 

530,496

 

-

 

2,097,838

 

-

Finance costs (Note 23)

 

(843,434)

 

-

 

(739,068)

 

-

 

(2,607,250)

 

-

 

(2,175,318)

 

-

Other gains and losses, net (Note 24)

 

     (579,849)

 

    -

 

     (868,673)

 

    -

 

     (413,237)

 

    -

 

    (2,642,683)

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-operating income and expenses

 

     4,448,979

 

    1

 

     3,651,761

 

    1

 

    12,605,995

 

    2

 

     9,927,898

 

    2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME BEFORE INCOME TAX

 

112,336,271

 

38

 

98,896,942

 

38

 

261,063,363

 

35

 

286,428,171

 

39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INCOME TAX EXPENSE (Notes 4 and 25)

 

    11,233,817

 

    3

 

     9,798,870

 

    4

 

    31,797,748

 

    5

 

   35,249,150

 

    5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME

 

   101,102,454

 

   35

 

    89,098,072

 

   34

 

   229,265,615

 

   30

 

   251,179,021

 

   34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

(9,015)

 

-

 

(418,111)

 

-

 

219,784

 

-

 

(1,306,987)

 

-

Gain (loss) on hedging instruments

 

(87,427)

 

-

 

8,544

 

-

 

(75,421)

 

-

 

23,887

 

-

Share of other comprehensive loss of associates

 

(3,333)

 

-

 

(9,719)

 

-

 

(14,219)

 

-

 

(4,106)

 

-

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

 

       15,080

 

    -

 

       30,458

 

     -

 

        9,586

 

    -

 

        66,843

 

    -

 

 

     (84,695)

 

    -

 

   (388,828)

 

     -

 

      139,730

 

    -

 

   (1,220,363)

 

    -

Items that may be reclassified subsequently to profit or loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exchange differences arising on translation of foreign operations

 

(3,286,794)

 

(2)

 

(3,457,786)

 

(1)

 

2,221,268

 

-

 

10,375,886

 

1

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

 

192,177

 

-

 

(30,572)

 

-

 

2,576,461

 

1

 

(1,040,342)

 

-

Share of other comprehensive income (loss) of associates

 

     (45,563)

 

    -

 

       (3,820)

 

     -

 

     (20,328)

 

    -

 

       73,283

 

    -

 

 

   (3,140,180)

 

   (2)

 

   (3,492,178)

 

   (1)

 

     4,777,401

 

    1

 

     9,408,827

 

    1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

   (3,224,875)

 

   (2)

 

    (3,881,006)

 

   (1)

 

     4,917,131

 

    1

 

     8,188,464

 

    1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

 

$   97,877,579

 

   33

 

$   85,217,066

 

    33

 

$  234,182,746

 

   31

 

$  259,367,485

 

   35

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$  101,069,886

 

34

 

$   89,071,628

 

34

 

$  229,228,587

 

30

 

$  251,146,789

 

34

Non-controlling interests

 

       32,568

 

    1

 

       26,444

 

     -

 

       37,028

 

    -

 

       32,232

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$  101,102,454

 

   35

 

$   89,098,072

 

    34

 

$  229,265,615

 

   30

 

$  251,179,021

 

   34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholders of the parent

 

$   97,844,981

 

33

 

$   85,190,350

 

33

 

$  234,145,635

 

31

 

$  259,332,283

 

35

Non-controlling interests

 

       32,598

 

     -

 

       26,716

 

     -

 

       37,111

 

    -

 

       35,202

 

    -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$   97,877,579

 

    33

 

$   85,217,066

 

    33

 

$  234,182,746

 

   31

 

$  259,367,485

 

   35

 

(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

 

 

2019

 

2018

 

2019

 

2018

 

 

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 26)

 

 

 

 

 

 

 

 

Basic earnings per share

 

$     3.90

 

$     3.44

 

$     8.84

 

$     9.69

Diluted earnings per share

 

$     3.90

 

$     3.44

 

$     8.84

 

$     9.69

 

(Concluded)

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

 

- 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, 2019

 

25,930,380

 

$ 259,303,805

 

$  56,315,932

 

$ 276,033,811

 

$  26,907,527

 

$1,073,706,503

 

$1,376,647,841

 

$ (12,042,347)

 

$  (3,429,324)

 

$     23,601

 

$     (1,843)

 

$ (15,449,913)

 

$1,676,817,665

 

$    678,731

 

$1,677,496,396

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appropriations of earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal capital reserve

 

-

 

-

 

-

 

35,113,088

 

-

 

(35,113,088)

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Special capital reserve

 

-

 

-

 

-

 

-

 

(19,521,587)

 

19,521,587

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Cash dividends to shareholders

 

            -

 

           -

 

           -

 

           -

 

            -

 

(324,129,756)

 

(324,129,756)

 

           -

 

           -

 

           -

 

            -

 

            -

 

(324,129,756)

 

            -

 

(324,129,756)

Total

 

            -

 

           -

 

           -

 

   35,113,088

 

(19,521,587)

 

(339,721,257)

 

(324,129,756)

 

           -

 

           -

 

           -

 

            -

 

            -

 

(324,129,756)

 

            -

 

(324,129,756)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income for the nine months ended September 30, 2019

 

-

 

-

 

-

 

-

 

-

 

229,228,587

 

229,228,587

 

-

 

-

 

-

 

-

 

-

 

229,228,587

 

37,028

 

229,265,615

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) for the nine months ended September 30, 2019, net of income tax

 

            -

 

           -

 

           -

 

           -

 

           -

 

            -

 

           -

 

    2,200,994

 

   2,791,580

 

     (75,526)

 

            -

 

    4,917,048

 

     4,917,048

 

          83

 

     4,917,131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive income (loss) for the nine months ended September 30, 2019

 

            -

 

           -

 

           -

 

           -

 

           -

 

   229,228,587

 

  229,228,587

 

    2,200,994

 

   2,791,580

 

     (75,526)

 

            -

 

    4,917,048

 

   234,145,635

 

       37,111

 

   234,182,746

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disposal of investments in equity instruments at fair value through other comprehensive income

 

-

 

-

 

-

 

-

 

-

 

159,766

 

159,766

 

-

 

(159,766)

 

-

 

-

 

(159,766)

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basis adjustment for gain on hedging instruments

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

15,682

 

-

 

15,682

 

15,682

 

-

 

15,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to share of changes in equities of associates

 

-

 

-

 

4,627

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

1,843

 

1,843

 

6,470

 

110

 

6,580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From share of changes in equities of subsidiaries

 

-

 

-

 

370

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

370

 

(370)

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Decrease in non-controlling interests

 

            -

 

           -

 

           -

 

           -

 

           -

 

            -

 

           -

 

           -

 

           -

 

           -

 

            -

 

            -

 

            -

 

     (74,647)

 

     (74,647)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, SEPTEMBER 30, 2019

 

    25,930,380

 

$ 259,303,805

 

$  56,320,929

 

$ 311,146,899

 

$  7,385,940

 

$ 963,373,599

 

$1,281,906,438

 

$  (9,841,353)

 

$   (797,510)

 

$    (36,243)

 

$         -

 

$ (10,675,106)

 

$1,586,856,066

 

$640,935

 

$1,587,497,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BALANCE, JANUARY 1, 2018

 

25,930,380

 

$ 259,303,805

 

$  56,309,536

 

$ 241,722,663

 

$         -

 

$ 993,195,668

 

$1,234,918,331

 

$ (26,697,680)

 

$   (524,915)

 

$      4,226

 

$   (10,290)

 

$(27,228,659)

 

$1,523,303,013

 

$702,452

 

$1,524,005,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Appropriations of earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal capital reserve

 

-

 

-

 

-

 

34,311,148

 

-

 

(34,311,148)

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Special capital reserve

 

-

 

-

 

-

 

-

 

26,907,527

 

(26,907,527)

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

Cash dividends to shareholders

 

            -

 

           -

 

           -

 

           -

 

           -

 

(207,443,044)

 

(207,443,044)

 

           -

 

           -

 

           -

 

            -

 

            -

 

(207,443,044)

 

            -

 

(207,443,044)

Total

 

            -

 

           -

 

           -

 

   34,311,148

 

   26,907,527

 

(268,661,719)

 

(207,443,044)

 

           -

 

           -

 

           -

 

            -

 

            -

 

(207,443,044)

 

            -

 

(207,443,044)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income for the nine months ended September 30, 2018

 

-

 

-

 

-

 

-

 

-

 

251,146,789

 

251,146,789

 

-

 

-

 

-

 

-

 

-

 

251,146,789

 

32,232

 

251,179,021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) for the nine months ended September 30, 2018, net of income tax

 

            -

 

           -

 

           -

 

           -

 

           -

 

            -

 

           -

 

  10,448,911

 

   (2,287,670)

 

      24,253

 

            -

 

    8,185,494

 

    8,185,494

 

        2,970

 

    8,188,464

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive income (loss) for the nine months ended September 30, 2018

 

            -

 

           -

 

           -

 

           -

 

           -

 

  251,146,789

 

  251,146,789

 

  10,448,911

 

   (2,287,670)

 

      24,253

 

            -

 

    8,185,494

 

  259,332,283

 

       35,202

 

  259,367,485

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disposal of investments in equity instruments at fair value through other comprehensive income

 

-

 

-

 

-

 

-

 

-

 

(884,417)

 

(884,417)

 

-

 

884,417

 

-

 

-

 

884,417

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basis adjustment for loss on hedging instruments

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

(26,936)

 

-

 

(26,936)

 

(26,936)

 

-

 

(26,936)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to share of changes in equities of associates

 

-

 

-

 

(288)

 

-

 

-

 

-