Page 228 - TSMC 2018 Annual Report

g. Compensation of key management personnel
The compensation to directors and other key management personnel for the years ended December 31, 2018 and 2017 were as follows:
Years Ended December 31
Short-term employee benefits Post-employment benefits
2018
$ 2,004,881 3,383
$ 2,008,264
2017
$ 2,170,280 3,727
$ 2,174,007
The compensation to directors and other key management personnel were determined by the Compensation Committee of TSMC in accordance with the individual performance and the market trends.
38. PLEDGEDASSETS
The Company provided certificate of deposits recorded in other financial assets as collateral mainly for building lease agreements. As of December 31, 2018 and 2017, the aforementioned other financial assets amounted to NT$124,244 thousand and NT$165,618 thousand, respectively.
39. SIGNIFICANTOPERATINGLEASEARRANGEMENTS
The Company’s major significant operating leases are arrangements on several parcels of land, machinery and equipment and office premises.
The Company expensed the lease payments as follows:
Years Ended December 31 2018 2017
Minimum lease payments $ 4,243,091 $ 2,178,054 Future minimum lease payments under the above non-cancellable operating leases are as follows:
Not later than 1 year
Later than 1 year and not later than 5 years Later than 5 years
$
$ 17,196,786
December 31, 2018
$ 5,824,119 5,834,884 9,190,582
$ 20,849,585
December 31, 2017
3,116,209 5,174,729 8,905,848
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