Page 220 - 2017 TSMC Annual Report

e. On September 28, 2017, TSMC was contacted by the European Commission (“Commission”) for information and documents concerning alleged anti-competitive practices of TSMC in relation to semiconductor sales. This proceeding is still in its preliminary stage, and it is premature to predict how the case will proceed, the outcome of the proceeding or its impact. TSMC will continue to cooperate fully with the Commission.
f. TSMC entered into long-term purchase agreements of silicon wafer with multiple suppliers. The relative minimum purchase quantity and price are specified in the agreements.
g. Amounts available under unused letters of credit as of December 31, 2017 and 2016 were NT$94,909 thousand and NT$122,356 thousand, respectively.
38. SIGNIFICANTLOSSFROMDISASTER
On February 6, 2016, an earthquake struck Taiwan. The resulting damage was mostly to inventories and equipment. The Company recognized earthquake losses of NT$2,492,138 thousand, net of insurance claim, for the year ended December 31, 2016. Such losses were primarily included in cost of revenue. The related insurance claim was finalized in the first quarter of 2017, and the accumulated earthquake losses were NT$2,386,824 thousand, net of insurance claim. The Company recognized a reduction of such losses of NT$105,314 thousand for the three months ended March 31, 2017.
39. EXCHANGE RATE INFORMATION OF FOREIGN-CURRENCY FINANCIAL ASSETS AND LIABILITIES
The following information was summarized according to the foreign currencies other than the functional
currency of the Company. the functional currency. were as follows:
December 31, 2017
Financial assets
Monetary items USD
USD EUR JPY
Non-monetary items HKD
Financial liabilities
Monetary items USD
EUR JPY
The exchange rates disclosed were used to translate the foreign currencies into The significant financial assets and liabilities denominated in foreign currencies
Foreign Currencies (In Thousands)
Exchange Rate (Note 1)
29.659 6.512 (Note 2)
35.45 0.2629
3.80
29.659 35.45 0.2629
Carrying Amount (In Thousands)
$ 168,125,342 17,218,674 8,383,015 9,026,845
1,084,276
120,071,030 14,740,766 11,358,815
- 72 -
- 72 -
$
5,668,611 580,555 236,474
34,335,661 285,336
4,048,384 415,819 43,205,838
(Continued)