Page 259 - 2017 TSMC Annual Report

The Company elects not to restate prior reporting period when applying the requirements for the classification, measurement and impairment of financial assets and financial liabilities under IFRS 9 with the cumulative effect of the initial application recognized at the date of initial application.
The anticipated impact on measurement categories, carrying amount and related reconciliation for each class of the Company’s financial assets and financial liabilities when retrospectively applying IFRS 9 on January 1, 2018 is detailed below:
Financial Assets
Cash and cash equivalents Derivatives
Equity securities
Notes and accounts receivable
(including related parties), other receivables and refundable deposits
Financial Liabilities
Derivatives
Short-term loans, accounts payable (including related parties), payables to contractors and equipment suppliers, accrued expenses and other current liabilities, bonds payable and guarantee deposits
IAS 39
Loans and receivables Held for trading Hedging instruments Available-for sale Loans and receivables
Held for trading Hedging instruments Amortized cost
IFRS 9
Amortized cost
Mandatorily at FVTPL
Hedging instruments
FVTOCI 2,808,606
Financial Assets
FVTPL
FVTOCI
- Equity instruments
Add: From available for
sale
Amortized cost
Add: From loans and receivables
Hedging instruments
Total
Carrying Amount as of December 31, 2017 (IAS 39)
Reclassifi- cations
Remea- surements
Carrying Amount as of January 1, 2018 (IFRS 9)
Note
Investments accounted for using equity method
$
2018 Note
(345,110 ) (3)
Measurement Category
Carrying Amount
Amortized cost
Mandatorily at FVTPL Hedging instruments Amortized cost
123,199,044
18,764
15,562 294,856,247
Retained Earnings Effect on January 1, 2018
$ 373,351 $ ------
- - -
-
- 7,378
$ 380,729
2,808,606 2,808,606 -
362,375,885 362,375,885 -
$ 365,184,491
Carrying Amount as of December 31, 2017
(IAS 39)
$ 463,986,364
568,539 568,539 -
244,773 244,773 -
813,312
Adjustments Arising from Initial Application
$ 400,137
3,377,145 3,377,145 -
362,620,658 362,620,658 7,378
$ 366,378,532
Carrying Amount as of January 1, 2018 (IFRS 9)
$ 464,386,501
534,270 534,270 -
244,773 244,773 -
779,043
Retained Earnings Effect on January 1, 2018
745,247
34,269 (2) 34,269
-
- (1) -
-
$ 34,269
Other Equity Effect on January 1,
- $
- $ 373,351 $
- $
-
$
$
$
(1) Cash and cash equivalents, notes and accounts receivable (including related parties), other
receivables and refundable deposits were classified as loans and receivables under IAS 39 are now classified at amortized cost with assessment of future 12-month or lifetime expected credit loss under IFRS 9. As a result of retrospective application, the adjustments for accounts receivable would result in a decrease in loss of allowance of NT$244,773 thousand and an increase in retained earnings of NT$244,773 thousand on January 1, 2018.
- 111 -
- 111 -
IAS 39
IFRS 9 Note
$ 239,176,841 (1) 373,351
7,378 3,377,145 (2)
123,443,817 (1)
18,764
15,562 294,856,247
Other Equity Effect on January 1, 2018
$ 239,176,841 373,351 7,378