Page 282 - 2017 TSMC Annual Report

14. INTANGIBLE ASSETS
Cost
Balance at January 1, 2017 Additions
Balance at December 31, 2017
Accumulated amortization and impairment
Balance at January 1, 2017 Additions
Balance at December 31, 2017
Carrying amounts at December 31, 2017
Cost
Balance at January 1, 2016 Additions
Retirements
Balance at December 31, 2016
Accumulated amortization and impairment
Balance at January 1, 2016 Additions
Retirements
Balance at December 31, 2016
Carrying amounts at December 31, 2016
Software and Technology System Design
Goodwill License Fees Costs
$ 1,567,756 $ 9,490,320 $ 22,063,589 - 897,855 2,900,120
$ 1,567,756 $ 10,388,175 $ 24,963,709
$ - $ 6,091,513 $ 17,991,500 - 1,548,262 2,290,957
$ - $ 7,639,775 $ 20,282,457 $ 1,567,756 $ 2,748,400 $ 4,681,252
$ 1,567,756 $ 8,399,059 $ 19,297,534 - 1,091,261 2,770,842
- - (4,787) $ 1,567,756 $ 9,490,320 $ 22,063,589
$ - $ 4,724,143 $ 16,279,451 - 1,367,370 1,716,836
- - (4,787) $ - $ 6,091,513 $ 17,991,500 $ 1,567,756 $ 3,398,807 $ 4,072,089
Patent and
Others Total
$ 5,241,203 $ 38,362,868 349,189 4,147,164
$ 5,590,392 $ 42,510,032
$ 4,231,864 $ 28,314,877 485,809 4,325,028
$ 4,717,673 $ 32,639,905 $ 872,719 $ 9,870,127
$ 4,722,667 $ 33,987,016 518,536 4,380,639
- (4,787) $ 5,241,203 $ 38,362,868
$ 3,592,004 $ 24,595,598 639,860 3,724,066
- (4,787) $ 4,231,864 $ 28,314,877 $ 1,009,339 $ 10,047,991
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 years ended December 31, 2017 and 2016, the Company did not recognize any impairment loss on goodwill.
15. OTHERASSETS
Tax receivable Prepaid expenses Others
December 31, 2017
December 31, 2016
- 134 -
- 134 -
$
1,992,258 492,247 287
$
2,182,159 821,648 855
$ 2,484,792
$ 3,004,662