Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries
CONSOLIDATED 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 27) | $513,435,603 | $430,490,500 | ||
| SALES RETURNS AND ALLOWANCES (Notes 2 and 8) |
7,187,023 |
3,409,855 |
||
| NET SALES (Note 34) | 506,248,580 | 100 | 427,080,645 | 100 |
| COST OF SALES (Notes 9, 21 and 27) | 262,628,681 |
52 |
232,937,388 |
55 |
| GROSS PROFIT BEFORE AFFILIATES ELIMINATION |
243,619,899 |
48 |
194,143,257 |
45 |
| UNREALIZED GROSS PROFIT FROM AFFILIATES (Note 2) |
(25,029) |
- |
(74,029) |
- |
| GROSS PROFIT | 243,594,870 |
48 |
194,069,228 |
45 |
| OPERATING EXPENSES (Notes 21 and 27) | ||||
|
Research and development |
40,402,138 | 8 | 33,829,880 | 8 |
|
General and administrative |
17,638,088 | 3 | 14,164,114 | 3 |
|
Marketing |
4,497,451 |
1 |
4,517,816 |
1 |
| Total operating expenses | 62,537,677 |
12 |
52,511,810 |
12 |
| INCOME FROM OPERATIONS (Note 34) | 181,057,193 |
36 |
141,557,418 |
33 |
| NON-OPERATING INCOME AND GAINS | ||||
| Equity in earnings of equity method investees, | ||||
| net (Notes 2 and 10) | 2,028,611 | 1 | 897,611 | - |
| Interest income | 1,645,036 | - | 1,479,514 | - |
| Settlement income (Note 30) | 883,845 | - | 947,340 | - |
| Foreign exchange gain, net (Note 2) | 582,498 | - | - | - |
|
Gain on settlement and disposal of financial assets, net (Notes 2 and 26) |
541,089 |
- |
233,214 |
- |
| Technical service income (Note 27) | 496,654 | - | 407,089 | - |
| Valuation gain on financial instruments, net | ||||
| (Notes 2, 5 and 26) | - | - | 507,432 | - |
| Others (Notes 2 and 27) | 604,304 |
- |
886,327 |
- |
| Total non-operating income and gains | 6,782,037 |
1 |
5,358,527 |
1 |
| NON-OPERATING EXPENSES AND LOSSES | ||||
| Impairment of financial assets | ||||
| (Notes 2, 6, 10, 12 and 26) | 4,231,602 | 1 | 265,515 | - |
| Interest expense | 1,020,422 | - | 626,725 | - |
| Impairment loss on idle assets (Note 2) | 444,505 | - | 98,009 | - |
| Loss on disposal of property, plant and | ||||
| equipment (Note 2) | 31,816 | - | 200,673 | - |
| Foreign exchange loss, net (Note 2) | - | - | 185,555 | - |
| Others (Notes 2, 5 and 26) | 556,909 |
- |
391,791 |
- |
| Total non-operating expenses and losses | 6,285,254 |
1 |
1,768,268 |
- |
| INCOME BEFORE INCOME TAX | 181,553,976 | 36 | 145,147,677 | 34 |
| INCOME TAX EXPENSE (Notes 2 and 20) | 15,590,287 |
3 |
10,694,417 |
3 |
| NET INCOME | $165,963,689 |
33 |
$134,453,260 |
31 |
| ATTRIBUTABLE TO: | ||||
| Shareholders of the parent | $166,158,802 | 33 | $134,201,279 | 31 |
| Minority interests | (195,113) |
- |
251,981 |
- |
$165,963,689 |
33 |
$134,453,260 |
31 |
|
| 2012 | 2011 | |||
|
Income Attributable to Shareholders of the Parent |
Income Attributable to Shareholders of the Parent |
|||
| Before Income Tax |
After Income Tax |
Before Income Tax |
After Income Tax |
|
| EARNINGS PER SHARE (NT$, Note 25) | ||||
| Basic earnings per share | $7.08 |
$6.41 |
$5.58 |
$5.18 |
| Diluted earnings per share | $7.08 |
$6.41 |
$5.58 |
$5.18 |