Page 287 - 2017 TSMC Annual Report

Movements in the present value of the defined benefit obligation were as follows:
$
$
$
Years Ended December 31
Balance, beginning of year Current service cost
Interest expense Remeasurement losses (gains):
Actuarial loss arising from experience adjustments Actuarial loss (gain) arising from changes in financial
assumptions
Actuarial loss arising from changes in demographic
assumptions
Benefits paid from plan assets
Balance, end of year
Movements in the fair value of the plan assets were as follows:
Balance, beginning of year Interest income Remeasurement losses:
Return on plan assets (excluding amounts included in net interest expense)
Contributions from employer Benefits paid from plan assets
$
2017
12,480,480 145,026 185,561
483,846 (258,455)
- (261,865)
12,774,593
$
2016
11,318,174 132,786 212,909
38,195
694,632
278,672 (194,888)
12,480,480
Years Ended December 31
Balance, end of year
The fair value of the plan assets by major categories at the end of reporting period was as follows:
Cash $ Equity instruments
Debt instruments
$
707,477 1,993,336 1,223,076
3,923,889
$
$
818,426 1,852,950 1,257,696
3,929,072
The actuarial valuations of the present value of the defined benefit obligation qualified actuaries. The principal assumptions of the actuarial valuation were as follows:
2017
3,929,072 59,036
(29,290) 226,936
December 31, 2017
2016
3,870,148 73,554
(45,721) 225,979
(194,888) 3,929,072
December 31, 2016
$
$
(261,865) 3,923,889
$
were carried out by
Measurement Date
Discount rate
Future salary increase rate
December 31, 2017
1.65% 3.00%
December 31, 2016
1.50% 3.00%
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