Taiwan Semiconductor Manufacturing Company Limited
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011
(In Thousands of New Taiwan Dollars, Except Earnings Per Share)
| 2012 | 2011 | |||
|---|---|---|---|---|
| Amount | ％ | Amount | ％ | |
| GROSS SALES (Notes 2 and 24) | $506,697,738 | $421,472,087 | ||
| SALES RETURNS AND ALLOWANCES (Notes 2 and 8) |
6,825,851 |
3,226,594 |
||
| NET SALES | 499,871,887 | 100 | 418,245,493 | 100 |
| COST OF SALES (Notes 9, 18 and 24) | 265,538,540 |
53 |
233,083,068 |
56 |
| GROSS PROFIT BEFORE AFFILIATES ELIMINATION |
234,333,347 |
47 |
185,162,425 |
44 |
| REALIZED (UNREALIZED) GROSS PROFIT FROM AFFILIATES (Note 2) |
(25,029) |
- |
398,440 |
- |
| GROSS PROFIT | 234,308,318 |
47 |
185,560,865 |
44 |
| OPERATING EXPENSES (Notes 18 and 24) | ||||
|
Research and development |
38,788,245 | 8 | 31,594,034 | 7 |
|
General and administrative |
16,330,060 | 3 | 12,715,339 | 3 |
|
Marketing |
2,388,243 |
- |
2,345,729 |
1 |
| Total operating expenses | 57,506,548 |
11 |
46,655,102 |
11 |
| INCOME FROM OPERATIONS | 176,801,770 |
36 |
138,905,763 |
33 |
| NON-OPERATING INCOME AND GAINS | ||||
| Equity in earnings of equity method investees, | ||||
| net (Notes 2 and 10) | 8,127,748 | 2 | 3,778,083 | 1 |
| Settlement income (Note 26) | 883,845 | - | 947,340 | 1 |
| Interest income | 867,227 | - | 697,196 | - |
| Technical service income (Note 24) | 497,638 | - | 408,153 | - |
| Valuation gain on financial instruments, | ||||
| net (Notes 2, 5 and 23) | - | - | 801,195 | - |
| Others (Notes 2 and 24) | 811,619 |
- |
655,079 |
- |
| Total non-operating income and gains | 11,188,077 |
2 |
7,287,046 |
2 |
| NON-OPERATING EXPENSES AND LOSSES | ||||
| Impairment loss of financial assets | ||||
| (Notes 2, 6 and 23) | 2,677,529 | 1 | - | - |
| Interest expense (Note 24) | 945,114 | - | - | - |
| Impairment loss on idle assets (Note 2) | 418,330 | - | - | - |
| Loss on disposal of property, plant and | ||||
| equipment (Notes 2 and 24) | 146,647 | - | 202,901 | - |
| Foreign exchange loss, net (Note 2) | - | - | 673,085 | - |
| Others (Note 2) | 172,279 |
- |
163,092 |
- |
| Total non-operating expenses and losses | 4,359,899 |
1 |
1,484,965 |
- |
| INCOME BEFORE INCOME TAX | 183,629,948 | 37 | 144,707,844 | 35 |
| INCOME TAX EXPENSE (Notes 2 and 17) | 17,471,146 |
4 |
10,506,565 |
3 |
| NET INCOME | $166,158,802 |
33 |
$134,201,279 |
32 |
| 2012 | 2011 | |||
| Before Income Tax |
After Income Tax |
Before Income Tax |
After Income Tax |
|
| EARNINGS PER SHARE (NT$, Note 22) | ||||
| Basic earnings per share | $7.08 |
$6.41 |
$5.58 |
$5.18 |
| Diluted earnings per share | $7.08 |
$6.41 |
$5.58 |
$5.18 |