Page 227 - TSMC 2018 Annual Report

Item
Other receivables from related parties
e. Payables to related parties
Item
Payables to related parties
f. Others
Item
Manufacturing expenses
General and administrative expenses
Related Party Name/Categories
SSMC $ 53,780 VIS 10,423
Other Associates
Related Party Name/Categories
Xintec
SSMC 362,564 VIS 357,080
December 31, 2018
December 31, 2017
$ 83,099 78,141 9,818
$ 171,058 (Concluded)
December 31, 2017
$ 817,930 406,959 409,950 21,517
$ 1,656,356
825 $ 65,028
December 31, 2018
Other Associates
Related Party Categories Associates
Other related parties
7,043 $ 1,376,499
$ 649,812
Years Ended December 31
2018
$ 2,974,581 $ 120,756
2017
$ 2,196,141 $ 101,500
The sales prices and payment terms to related parties were not significantly different from those of sales to third parties. For other related party transactions, price and terms were determined in accordance with mutual agreements.
The Company leased factory and office from associates. The lease terms and prices were both determined in accordance with mutual agreements. The rental expenses were paid to associates monthly; the related expenses were both classified under manufacturing expenses.
The Company deferred the disposal gain or loss derived from sales of property, plant and equipment to related parties (transactions with associates), and then recognized such gain or loss over the depreciable lives of the disposed assets.
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