Page 171 - TSMC 2018 Annual Report

Impact on assets, liabilities and equity on January 1, 2019
Other current assets Right-of-use assets Other noncurrent assets
Total effect on assets
$
$ $
$
(118,242) 20,082,875
(77,171) 19,887,462
2,627,334 17,269,317
$
5,288,181 20,082,875 1,507,476
64,387,953 17,269,317 1,941,800
Carrying Amount as of December 31, 2018
$ 5,406,423 - 1,584,647
Adjustments Arising from Initial Application
Adjusted
Carrying Amount as of January 1, 2019
Accrued expenses and other current
liabilities 61,760,619
Lease liabilities - noncurrent Other noncurrent liabilities
Total effect on liabilities
- 1,950,989
(9,189) 19,887,462 -
Total effect on equity
c. The IFRSs issued by IASB but not yet endorsed and issued into effect by FSC
New, Revised or Amended Standards and Interpretations
Amendments to IFRS 3 “Definition of a Business”
Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets
between an Investor and its Associate or Joint Venture” Amendments to IAS 1 and IAS 8 “Definition of Material”
Effective Date Issued by IASB
January 1, 2020 (Note 1) To be determined by IASB
January 1, 2020 (Note 2)
$
Note 1:
Note 2:
The Company shall apply these amendments to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after January 1, 2020 and to asset acquisitions that occur on or after the beginning of that period.
The Company shall apply these amendments prospectively for annual reporting periods beginning on or after January 1, 2020.
As of the date the accompanying consolidated financial statements were issued, the Company continues in evaluating the impact on its financial position and financial performance as a result of the initial adoption of the aforementioned standards or interpretations. The related impact will be disclosed when the Company completes the evaluation.
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
For the convenience of readers, the accompanying consolidated financial statements have been translated into English from the original Chinese version prepared and used in the R.O.C. If there is any conflict between the English version and the original Chinese version or any difference in the interpretation of the two versions, the Chinese-language consolidated financial statements shall prevail.
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