Page 192 - 2017 TSMC Annual Report

The Company’s goodwill has been tested for impairment at the end of the annual reporting period and the
recoverable amount is determined based on the value in use. The value in use was calculated based on the cash flow forecast from the financial budgets covering the future five-year period, and the Company used annual discount rates of 8.5% and 8.4% in its test of impairment as of December 31, 2017 and 2016, respectively, to reflect the relevant specific risk in the cash-generating unit.
For the year ended December 31, 2017, the Company assessed goodwill impairment and recognized an impairment loss of NT$13,520 thousand related to a subsidiary since the operating result of this cash generating unit was not as expected and the recoverable amount of goodwill was nil. Such impairment
loss was recognized in other operating income and expenses. Company did not recognize any impairment loss on goodwill.
17. OTHERASSETS
Tax receivable Prepaid expenses Others
Current portion Noncurrent portion
18. SHORT-TERM LOANS
Unsecured loans Amount
Original loan content US$ (in thousands) Annual interest rate Maturity date
For the year ended December 31, 2016, the
December 31, 2017
$ 4,021,602 1,559,963 1,623,995
$ 7,205,560
$ 4,222,440 2,983,120
$ 7,205,560
December 31, 2017
$ 63,766,850
$ 2,150,000 1.54%-1.82% Due by February
2018
December 31, 2016
$ 2,325,825 1,007,026 1,553,003
$ 4,885,854
$ 3,385,422 1,500,432
$ 4,885,854
December 31, 2016
$ 57,958,200
$ 1,800,000 0.87%-1.07% Due by January
2017
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