Page 190 - TSMC 2018 Annual Report

10. HELD-TO-MATURITYFINANCIALASSETS-2017
Corporate bonds Structured product
Current portion Noncurrent portion
11. FINANCIAL ASSETS AT AMORTIZED COST-2018
Corporate bonds
Commercial paper
Less: Allowance for impairment loss
Current portion Noncurrent portion
$
$ $
$
19,338,764 1,482,950
20,821,714
1,988,385 18,833,329
20,821,714
December 31, 2017
December 31, 2018
$
$ $
$
19,519,941 2,294,098
(8,147) 21,805,892
14,277,615 7,528,277
21,805,892
Financial assets at amortized cost were classified as held-to-maturity financial assets under IAS 39. Refer to Notes 3 and 10 for information relating to their reclassification and comparative information for 2017. Refer to Note 36 for information relating to credit risk management and expected credit loss for financial assets at amortized cost.
12. FINANCIAL ASSETS CARRIED AT COST-2017
The Company’s investment classified as financial assets carried at cost primarily consists of non-publicly traded equity investments. Since there is a wide range of estimated fair values of the Company’s investments in non-publicly traded equity investments, the Company concludes that the fair value cannot be reliably measured and therefore should be measured at the cost less any impairment.
The stock of Aquantia was listed in November 2017. Accordingly, the Company reclassified the aforementioned investment from financial assets carried at cost to available-for-sale financial assets.
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