Page 302 - 2017 TSMC Annual Report

Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and
Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).
2) Fair value of financial instruments that are measured at fair value on a recurring basis
Fair value hierarchy
The following table presents the Company’s financial assets and liabilities measured at fair value on
a recurring basis:
Financial assets at FVTPL
December 31, 2017
Level 1
Level 2
373,351
-
7,378
18,764
15,562
Level 3
$ -
$ -
$ -
$ -
$ -
Total
373,351
2,393,555
7,378
18,764
15,562
Total
140,094 10,976
Held for trading
Forward exchange contracts $ -
Available-for-sale financial assets
Publicly traded stocks $ 2,393,555
Hedging derivative financial assets
Cash flow hedges
Forward exchange contracts $ -
Financial liabilities at FVTPL
Held for trading
Forward exchange contracts $ -
Hedging derivative financial liabilities
Cash flow hedges
Forward exchange contracts $ -
Level 1
Financial assets at FVTPL
Held for trading
Forward exchange contracts $ - Cross currency swap contracts -
$ -
Available-for-sale financial assets
Publicly traded stocks $ 2,843,952
Financial liabilities at FVTPL
Held for trading
Forward exchange contracts $ -
$
$
$
$
$
$
$
$
$
$
Level 2
Level 3
December 31, 2016
There were no transfers between Level 1 and Level 2 for the years ended December 31, 2017 and 2016, respectively.
- 154 -
- 154 -
$ $151,070
$ $
$
$
- $ -
140,094 10,976
$-
$ 62,441
- $151,070
- $ 2,843,952
- $ 62,441