Page 295 - TSMC 2018 Annual Report

6. CASH AND CASH EQUIVALENTS
Cash and deposits in banks
Repurchase agreements collateralized by corporate bonds Commercial paper
December 31, 2018
$ 238,473,857 1,229,600 499,068
$ 240,202,525
December 31, 2017
$ 239,176,841 - -
$ 239,176,841
Deposits in banks consisted of highly liquid time deposits that were readily convertible to known amounts of cash and were subject to an insignificant risk of changes in value.
7. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS
Financial assets
Mandatorily measured at FVTPL Forward exchange contracts
Held for trading
Forward exchange contracts
Financial liabilities
Held for trading
Forward exchange contracts
$
$ 373,351
December 31, 2018
$ 54,115 - $ 54,115
$ 30,232
December 31, 2017
- 373,351
$ 18,764
The Company entered into derivative contracts to manage exposures due to fluctuations of foreign exchange rates. These derivative contracts did not meet the criteria for hedge accounting. Therefore, the Company did not apply hedge accounting treatment for these derivative contracts.
Outstanding forward exchange contracts consisted of the following:
December 31, 2018
Sell NT$/Buy EUR Sell NT$/Buy JPY Sell US$/Buy JPY Sell US$/Buy NT$
December 31, 2017
Sell NT$/Buy EUR Sell NT$/Buy JPY Sell US$/Buy NT$
Maturity Date
January 2019 to March 2019 January 2019 to March 2019 January 2019 January 2019
January 2018 to February 2018 February 2018 January 2018
Contract Amount (In Thousands)
NT$18,545,854/EUR527,000 NT$4,757,858/JPY17,200,000 US$162,834/JPY17,976,014 US$110,000/NT$3,386,459
NT$6,002,786/EUR169,000 NT$996,294/JPY3,800,000 US$1,643,000/NT$49,120,205
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