Page 300 - TSMC 2018 Annual Report

Write-down of inventories to net realizable value (excluding computer virus outbreak losses) and reversal of write-down of inventories resulting from the increase in net realizable value in the amount of NT$1,098,915 thousand and NT$878,346 thousand, respectively, were included in the cost of revenue for the years ended December 31, 2018 and 2017. Please refer to computer virus outbreak losses in Note 35.
11. INVESTMENTS ACCOUNTED FOR USING EQUITY METHOD
Investments accounted for using the equity method consisted of the following:
Subsidiaries Associates
a. Investments in subsidiaries Subsidiaries consisted of the following:
December 31, 2018
$ 531,717,913 17,842,971
$ 549,560,884
December 31, 2017
$ 446,148,086 17,838,278
$ 463,986,364
Place of
Incorporation
and Operation 2018
Tortola, British $ 393,577,931 Virgin Islands
Shanghai, China 55,466,911
Tortola, British 52,339,094 Virgin Islands
Nanjing, China 20,601,413 Hsinchu, Taiwan 4,531,929
San Jose, 4,269,393 California,
U.S.A.
Amsterdam, the 445,828 Netherlands
Cayman Islands 194,660 Cayman Islands 128,758
Yokohama, Japan 141,136
Seoul, Korea 40,966
Hamburg, (20,106 Germany
$ 531,717,913
% of Ownership and Voting Rights Held by the Company
Carrying Amount
Subsidiaries
TSMC Global Ltd. (TSMC Global)
TSMC China Company Limited (TSMC China)
TSMC Partners, Ltd. (TSMC Partners)
TSMC Nanjing Company Limited (TSMC Nanjing)
VisEra Technologies Company Ltd. (VisEra Tech)
TSMC North America
TSMC Europe B.V. (TSMC Europe) VentureTech Alliance
Fund III, L.P.
(VTAF III) VentureTech Alliance
Fund II, L.P.
(VTAF II)
TSMC Japan Limited
(TSMC Japan) TSMC Korea Limited
(TSMC Korea) TSMC Solar Europe
GmbH
Principal Activities
Investment activities
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Investing in companies involved in the design, manufacture, and other related business in the semiconductor industry and other investment activities
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Engaged in manufacturing electronic spare parts and in researching, developing, designing, manufacturing, selling, packaging and testing of color filter
Selling and marketing of integrated circuits and other semiconductor devices
Customer service and supporting activities
Investing in new start-up technology companies
Investing in new start-up technology companies
Customer service and supporting activities
Customer service and supporting activities
Selling of solar related products and providing customer service
December 31,
December 31, 2017
$ 309,211,877 51,060,885
49,684,287
26,493,740 4,667,162
4,001,003
407,324 152,836
320,533
129,446 39,210 ) (20,217
$ 446,148,086
December 31, 2018
100% 100%
100%
100% 87%
100%
100% 98%
98%
100% 100% 100%
December 31, 2017
100% 100%
100%
100% 87%
100%
100% 98%
98%
100% 100% 100%
)
)
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