Page 209 - TSMC 2018 Annual Report

Application Type
Communication Industrial/Standard Computer Consumer
Resolution
7-nanometer 10-nanometer 16/20-nanometer 28-nanometer 40/45-nanometer 65-nanometer 90-nanometer 0.11/0.13 micron 0.15/0.18 micron
0.25 micron and above 
Wafer revenue
b. Contract balances
Contract liabilities (classified under accrued expenses and other current liabilities)
December 31, 2018
Year Ended December 31, 2018
$ 578,923,664 234,153,360 144,614,153 73,782,380
$ 1,031,473,557
Year Ended December 31, 2018
$ 81,680,746 96,989,486 210,989,033 178,440,396 101,801,017 76,122,259 36,652,061 20,677,658 81,182,646 26,761,062
$ 911,296,364
January 1, 2018
$ 4,684,024
The changes in the contract liability balances primarily result from the timing difference between the
$
32,434,829
satisfaction of performance obligation and the customer’s payment.
For the year ended December 31, 2018, the Company recognized NT$31,769,970 thousand as revenue
from the beginning balance of contract liability. c. Refund liabilities
Estimated sales returns and other allowances is made and adjusted based on historical experience and the consideration of varying contractual terms, which amounted to NT$55,405,973 thousand for the year ended December 31, 2018. As of December 31, 2018, the aforementioned refund liabilities amounted to NT$22,672,634 thousand (classified under accrued expenses and other current liabilities).
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