Financial Statements
All financial information discussed in
this Annual Report is derived from the unconsolidated financial statements included herein
that were prepared on the basis of generally accepted accounting principles in the
Republic of China which differs significantly, in certain respects, from generally
accepted accounting principles in the United States ("US GAAP") and certain
other countries. Consolidated financial statements are also included herein. TSMC will
file an Annual Report on Form 20-F with the United States Securities and Exchange
Commission (the "SEC") prior to June 30, 1998 which will include consolidated
financial statements that include a reconciliation of certain items to US GAAP, as
required by applicable SEC regulations and the listing requirements of the New York Stock
Exchange. |
| 1. Brief Balance Sheet |
| Financial analysis
from 1993 to1997 |
Unit: NT$K |
| Item |
1993 |
1994 |
1995 |
1996 |
1997 |
|
| Current assets |
5,111,310 |
7,659,444 |
16,070,964 |
16,529,359 |
23,790,795 |
| Long-term stock investments |
161,156 |
3,074,147 |
4,989,037 |
12,608,506 |
19,220,371 |
| Fixed assets |
10,436,047 |
14,986,932 |
26,643,665 |
41,978,952 |
61,697,723 |
| Other assets |
290,639 |
386,580 |
599,369 |
2,018,827 |
3,804,923 |
| Current liabilities |
|
|
|
|
|
|
Before distribution |
2,046,034 |
2,897,189 |
5,075,481 |
5,357,895 |
10,088,672 |
|
After distribution |
2,789,825 |
3,233,580 |
5,926,696 |
5,926,138 |
* |
| Long-term liabilities |
2,546,644 |
3,259,206 |
5,556,381 |
5,720,000 |
20,009,357 |
| Other liabilities |
305,373 |
1,119,880 |
4,091,928 |
9,943,809 |
9,001,390 |
| Capital stock |
6,083,040 |
7,800,000 |
14,390,000 |
26,542,000 |
40,813,000 |
| Capital surplus |
822 |
875 |
19,428 |
59,086 |
62,082 |
| Retained earnings |
|
|
|
|
|
|
Before distribution |
5,016,046 |
11,029,256 |
19,165,640 |
25,523,456 |
28,641,292 |
|
After distribution |
2,555,295 |
4,102,865 |
6,162,425 |
10,684,213 |
* |
| Total Assets |
15,999,151 |
26,107,103 |
48,303,035 |
73,135,644 |
108,513,812 |
| Total Liabilities |
|
|
|
|
|
|
Before distribution |
4,898,050 |
7,276,275 |
14,723,790 |
21,021,704 |
39,099,419 |
|
After distribution |
5,641,841 |
7,612,666 |
15,575,005 |
21,589,947 |
* |
| Total Equity |
|
|
|
|
|
|
Before distribution |
11,101,101 |
18,830,828 |
33,579,245 |
52,113,940 |
69,414,393 |
|
After distribution |
10,357,310 |
18,494,437 |
32,728,030 |
51,545,697 |
* |
*Subject to change after shareholders' meeting resolution |