Page 293 - 2017 TSMC Annual Report

26. OTHER GAINS AND LOSSES, NET
Years Ended December 31
Gain on disposal of financial assets, net Available-for-sale financial assets
Other gains
Net gain (loss) on financial instruments at FVTPL
Held for trading
Designated as at FVTPL
Loss on disposal of investments accounted for using equity method,
net
Impairment loss of financial assets
Financial assets carried at cost Other losses
27. INCOME TAX
a. Income tax expense recognized in profit or loss Income tax expense consisted of the following:
Current income tax expense
Current tax expense recognized in the current year Income tax adjustments on prior years
Other income tax adjustments
Deferred income tax benefit
The origination and reversal of temporary differences
Income tax expense recognized in profit or loss
$
2017
115,690 245,483
1,252,759 -
-
(6,137) (15,556)
2016
101,411 125,282
899,991 (76,691)
(296,065)
(4,537) (15,291)
$ 734,100
$
$ 1,592,239
Income before tax
Income tax expense at the statutory rate (17%) Tax effect of adjusting items:
Nondeductible (deductible) items in determining taxable income
Tax-exempt income
Additional income tax on unappropriated earnings
2017
$ 393,316,176
2016
$ 385,188,960
- 145 -
- 145 -
$
66,863,750
(1,438,813) (16,467,720)
11,835,948
$
65,482,123
121,152 (19,075,801)
11,957,213 (Continued)
Years Ended December 31
A reconciliation of income before income tax and income tax expense recognized in profit or loss was as follows:
$
$
2017
55,187,468 (938,292)
150,168 54,399,344
(4,194,644) 50,204,700
$
$
2016
53,577,418 (1,039,175)
168,040 52,706,283
(1,764,503) 50,941,780
Years Ended December 31