TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | CIK:0001046179 | 3

  • Filed: 4/19/2018
  • Entity registrant name: TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (CIK: 0001046179)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1046179/000119312518121866/0001193125-18-121866-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1046179/000119312518121866/tsm-20171231.xml
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    • ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations

    The anticipated impact on assets, liabilities and equity when retrospectively applying IFRS 15 on January 1, 2018 is detailed below:

     

         Carrying
    Amount as of
    December 31,
    2017
    (IAS 18 and
    Revenue-related
    Interpretations)    		      Adjustments
    Arising from
    Initial
    Application    		      Carrying
    Amount as of
    January 1, 2018
    (IFRS 15)    		      Note  
        

    NT$

    (In Millions)

    		     

    NT$

    (In Millions)

    		     

    NT$

    (In Millions)

    		         

    Inventories

    		    $ 73,880.7      $ (19.7 )     $ 73,861.0        (1)  

    Other financial assets-current

    		      7,253.1        34.1        7,287.2        (1)  

    Investments accounted for using equity method

    		      17,731.8        19.5        17,751.3        (1)  
         

     

     

    		        

    Total effect on assets

    		       $ 33.9        
         

     

     

    		        

    Provisions - current

    		      13,961.8      $ (13,961.8 )       —        (2)  

    Accrued expenses and other current liabilities

    		      65,588.4        13,961.8        79,550.2        (2)  
         

     

     

    		        

    Total effect on liabilities

    		       $ —        
         

     

     

    		        

    Retained earnings

    		      1,205,051.3      $ 32.0        1,205,083.3        (1)  

    Non-controlling interests

    		      699.7        1.9        701.6        (1)  
         

     

     

    		        

    Total effect on equity

    		       $ 33.9        
         

     

     

    		        

     

      (1) Prior to the application of IFRS 15, the Company recognizes revenue based on the accounting treatment of the sales of goods. Under IFRS 15, certain subsidiaries and associates accounted for using equity method will change to recognize revenue over time because customers are deemed to have control over the products when the products are manufactured. As a result, the Company will recognize contract assets (classified under other financial assets) and adjust related assets and equity accordingly.
      (2) Prior to the application of IFRS 15, the Company recognized the estimation of sales returns and allowance as provisions. Under IFRS 15, the Company recognizes such estimation as refund liability (classified under accrued expenses and other current liabilities).