Page 182 - TSMC 2019 Annual Report

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 Convertible bonds
Agency mortgage-backed securities
Financial liabilities
Held for trading
Forward exchange contracts
$
$ 3,504,590 $ 40,825
December 31, 2019
$ 162,155 123,759 40,925
$ 326,839
$ 982,349
December 31, 2018
85,303 - 3,419,287
The Company entered into forward exchange contracts to manage exposures due to fluctuations of foreign exchange rates. These forward exchange contracts did not meet the criteria for hedge accounting. Therefore, the Company did not apply hedge accounting treatment for these forward exchange contracts.
Outstanding forward exchange contracts consisted of the following:
December 31, 2019
Sell NT$/Buy EUR Sell NT$/Buy JPY Sell US$/Buy JPY Sell US$/Buy RMB Sell US$/Buy NT$ Sell JPY/Buy US$
December 31, 2018
Sell NT$/Buy EUR Sell NT$/Buy JPY Sell US$/Buy EUR Sell US$/Buy JPY Sell US$/Buy RMB Sell US$/Buy NT$ Sell RMB/Buy US$
Maturity Date
January 2020 to June 2020 January 2020 to March 2020 January 2020
January 2020
January 2020 to March 2020 January 2020 to February 2020
January 2019 to March 2019 January 2019 to March 2019 January 2019
January 2019
January 2019
January 2019 to February 2019 January 2019
Contract Amount (In Thousands)
NT$84,690,438/EUR2,509,000 NT$23,737,589/JPY85,600,000 US$6,209/JPY678,000 US$497,000/RMB3,493,919 US$26,000/NT$786,989 JPY57,471,581/US$526,368
NT$18,545,854/EUR527,000 NT$4,757,858/JPY17,200,000 US$495/EUR434 US$175,591/JPY19,389,014 US$318,000/RMB2,188,747 US$127,000/NT$3,908,635 RMB667,539/US$97,000
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