Page 173 - TSMC 2018 Annual Report

The subsidiaries in the consolidated financial statements
The detail information of the subsidiaries at the end of reporting period was as follows:
Establishment and Operating Location
San Jose, California, U.S.A.
Amsterdam, the Netherlands Yokohama, Japan
Seoul, Korea
Tortola, British Virgin Islands
Tortola, British
Virgin Islands Shanghai, China
Nanjing, China Hsin-Chu, Taiwan
Cayman Islands Cayman Islands Hamburg, Germany Delaware, U.S.A.
Delaware, U.S.A. Ontario, Canada Cayman Islands
Cayman Islands Washington, U.S.A. Cayman Islands
Percentage of Ownership
Name of Investor
TSMC
Name of Investee
TSMC North America
TSMC Europe B.V. (TSMC Europe)
TSMC Japan Limited (TSMC Japan)
TSMC Korea Limited (TSMC Korea)
TSMC Partners, Ltd. (TSMC Partners)
TSMC Global, Ltd. (TSMC Global)
TSMC China Company Limited (TSMC China)
TSMC Nanjing Company Limited (TSMC Nanjing)
VisEra Technologies Company Ltd. (VisEra Tech)
VentureTech Alliance Fund II, L.P. (VTAF II)
VentureTech Alliance Fund III, L.P. (VTAF III)
TSMC Solar Europe GmbH
TSMC Development, Inc. (TSMC Development)
TSMC Technology, Inc. (TSMC Technology) TSMC Design Technology
Canada Inc. (TSMC Canada) InveStar Semiconductor
Development Fund, Inc.
(ISDF)
InveStar Semiconductor
Development Fund, Inc. (II)
LDC. (ISDF II)
WaferTech, LLC (WaferTech)
Growth Fund Limited (Growth Fund)
Main Businesses and Products
Selling and marketing of integrated circuits and other semiconductor devices
Customer service and supporting activities
Customer service and supporting activities
Customer service and supporting activities
Investing in companies involved in the design, manufacture, and other related business in the semiconductor industry and other investment activities
Investment activities
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Engaged in manufacturing electronic spare parts and in researching, developing, designing, manufacturing, selling, packaging and testing of color filter
Investing in new start-up technology companies
Investing in new start-up technology companies
Selling of solar related products and providing customer service
Investing in companies involved in the manufacturing related business in the semiconductor industry
Engineering support activities
Engineering support activities
Investing in new start-up technology companies
Investing in new start-up technology companies
Manufacturing, selling and testing of integrated circuits and other semiconductor devices
Investing in new start-up technology companies
December 31, 2018
100%
100% 100% 100% 100%
100% 100%
100% 87%
98%
98% 100% 100%
100% 100% 97%
97% 100% 100%
December 31, 2017
100%
100% 100% 100% 100%
100% 100%
100% 87%
98%
98% 100% 100%
100% 100% 97%
97% 100% 100%
Note
-
a) a) a) a)
- -
b) -
a)
a) a) , c) -
a)
a) a) , c)
a) , c) - a)
TSMC Partners
TSMC Development VTAF III
Note a: Note b:
Note c:
This is an immaterial subsidiary for which the consolidated financial statements are not audited by the Company’s independent auditors.
Under the investment agreement entered into with the municipal government of Nanjing, China, the Company will make an investment in Nanjing in the amount
billion to establish a subsidiary operating a 300mm wafer fab with the capacity of 20,000 12-inch wafers per month, and a design service center. The subsidiary is under liquidation procedures.
of approximately US$3
Foreign Currencies
The financial statements of each individual consolidated entity were expressed in the currency which reflected its primary economic environment (functional currency). The functional currency of TSMC and presentation currency of the consolidated financial statements are both New Taiwan Dollars (NT$). In preparing the consolidated financial statements, the operating results and financial positions of each consolidated entity are translated into NT$.
In preparing the financial statements of each individual consolidated entity, transactions in currencies other than the entity’s functional currency (foreign currencies) are recognized at the rates of exchange prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Such exchange differences are recognized in profit or loss in the year in which they arise. Non-monetary items measured at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when the fair value was determined. Exchange differences arising on the retranslation of non-monetary items are
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