Page 215 - 2017 TSMC Annual Report

3) Fair value of financial instruments that are not measured at fair value
Except as detailed in the following table, the Company considers that the carrying amounts of
financial instruments in the consolidated financial statements approximate their fair values.
that are not measured at fair value
December 31, 2016 Carrying
December 31, 2017 Carrying
Financial assets
Held-to-maturity financial assets
Corporate bonds Structured product Commercial paper Negotiable certificate of
deposit Financial liabilities
Measured at amortized cost Bonds payable
Fair value hierarchy
$
Amount
19,338,764 1,482,950 -
-
150,201,122
Fair Value
$ 19,541,419 1,475,350 -
-
152,077,728
Amount
$ 23,849,701 1,609,950 8,628,176
4,829,850
191,193,557
Fair Value
$ 23,996,429 1,609,738 8,630,769
4,847,785
192,845,296
The table below sets out the fair value hierarchy for the Company’s assets and liabilities which are not required to measure at fair value:
Level 1 Level 2
$ - $ 19,541,419 $ - 1,475,350
$ - $ 21,016,769 $
$ - $ 152,077,728 $
Level 3
Total
$ 19,541,419 1,475,350
$ 21,016,769
$ 152,077,728
Total
$ 23,996,429 8,630,769 4,847,785 1,609,738
$ 39,084,721
December 31, 2017
Financial assets
Held-to-maturity securities Corporate bonds Structured product
Financial liabilities
Measured at amortized cost Bonds payable
Financial assets
Held-to-maturity securities Corporate bonds
Commercial paper
Negotiable certificate of deposit Structured product
Financial liabilities
Measured at amortized cost Bonds payable
December 31, 2016
- -
-
-
- - - -
-
Level 1 Level 2
$ - $ 23,996,429 - 8,630,769 - 4,847,785 - 1,609,738
$ - $ 39,084,721
$ - $ 192,845,296
Level 3
- 67 -
- 67 -
$
$
$
-
$ 192,845,296