Page 234 - TSMC 2018 Annual Report

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries
FINANCINGS PROVIDED
FOR THE YEAR ENDED DECEMBER 31, 2018
(Amounts in Thousands of New Taiwan Dollars, Unless Specified Otherwise)
No.
Counter-party
(foreign currencies in
Thousands) (Note 3) (foreign currencies in
Interest Rate
Item
Financing Amount Limits
(Note 1 and 2)
1 2
TSMC China TSMC Global
TSMC Nanjing TSMC
Other receivables from Yes related parties
$ (RMB (US$
Operating capital
Note 1:
In addition, the total amount lendable to any one borrower shall be no more than thirty percent (30%) of the borrower’s net worth. The above restriction does not apply to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by TSMC. However, the total amount lendable to any such subsidiary of TSMC shall not exceed forty percent (40%) of the net worth of TSMC China. When there is a lending for funding needs by TSMC China to TSMC, or to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by TSMC, which are not located in Taiwan, the lending will not be subject to the restriction set forth in the above paragraph of this Article. Notwithstanding the foregoing, the
Note 2:
The total amount available for lending purpose shall not exceed the net worth of TSMC Global. The total amount for lending to a company for funding for a short-term period shall not exceed ten percent (10%) of the net worth of TSMC Global. In addition, the total amount lendable to any one borrower shall be no more than thirty percent (30%) of the borrower’s net worth. While TSMC, or foreign subsidiaries whose voting shares are 100% owned, directly or indirectly, by TSMC will not be subject to this restriction, their total borrowing amount still shall not exceed the net worth of TSMC Global. Notwithstanding the foregoing, the aggregate amount for lending to Taiwan companies other than TSMC shall not exceed forty percent (40%) of the net worth of TSMC Global.
Note 3: Note 4:
The maximum balance for the period and ending balance represent the amounts approved by the Board of Directors.
The restriction of the term of each loan for funding not exceeding one year shall not apply to inter-company loans for funding between offshore subsidiaries in which the Company holds, directly or indirectly, 100% of the voting shares.
Financing Company
Financial Statement Related Account Party
Ending Balance
Nature for Financing (Note 4)
Transaction Amounts
Reason for Financing (Note 4)
Allowance for Bad Debt
Company’s Total
Maximum Balance for the Period (foreign currencies in Thousands) (Note 3)
Amount Actually Drawn
Collateral Value
Financing Limits for Each Borrowing Company (Note 1 and 2)
Financing
52,859,100 7,000,000)&
$ 46,065,560 (RMB 7,000,000)& (US$ 479,000)
$ 30,829,260 (RMB 6,000,000)& (US$ 129,000)
1.30%-1.96% The need for short-term and long-term
$
-
- Operating capital
$
- - $ - -
- -
$
55,586,818 393,577,931
$
55,586,818 393,577,931
700,000) 46,110,000
financing
The need for short-term
46,110,000
(US$ 1,500,000) (US$ 1,500,000) (US$ 105,000)
2.53%
3,227,700
The total amount available for lending purpose shall not exceed the net worth of TSMC China. The total amount for lending to a company for funding for a short-term period shall not exceed ten percent (10%) of the net worth of TSMC China.
Other receivables from Yes related parties
financing
aggregate amount available for lending to such borrowers and the total amount lendable to each of such borrowers still shall not exceed the net worth of TSMC China.
Thousands)
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TABLE 1