Page 185 - 2017 TSMC Annual Report
P. 185
9. HELD-TO-MATURITYFINANCIALASSETS
December 31, 2017
$ 19,338,764 1,482,950 - -
$ 20,821,714
$ 1,988,385 18,833,329
$ 20,821,714
December 31, 2017
$ 27,016 7,378 $ 34,394
$ 15,562 The Company entered into interest rate futures contracts, which are used to hedge
December 31, 2016
$ 23,849,701 1,609,950 8,628,176 4,829,850
$ 38,917,677
$ 16,610,116 22,307,561
$ 38,917,677
December 31, 2016
Corporate bonds
Structured product
Commercial paper
Negotiable certificate of deposit
Current portion Noncurrent portion
10. HEDGINGDERIVATIVEFINANCIALINSTRUMENTS
Financial assets- current
Fair value hedges
Interest rate futures contracts
Cash flow hedges
Forward exchange contracts
Financial liabilities- current
5,550 - $ 5,550
$ - against the price risk
Cash flow hedges Forwardexchangecontracts
caused by changes in interest rates in the Company’s investments in fixed income securities. The outstanding interest rate futures contracts consisted of the following:
Maturity Period
December 31, 2017 March 2018 December 31, 2016 March 2017
Contract Amount (US$ in Thousands)
US$ 169,400
US$ 53,600
The Company entered into forward exchange contracts to partially hedge foreign exchange rate risks associated with certain highly probable forecast transactions, such as capital expenditures. These contracts have maturities of 12 months or less.
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$
