Page 192 - TSMC 2019 Annual Report

Ranges of discount rates for lease liabilities are as follows:
Land
Buildings
Machinery and equipment Office equipment
c. Material terms of right-of-use assets
December 31, 2019
0.67%-2.14% 0.67%-3.88% 3.24% 0.64%-3.88%
The Company leases land and buildings mainly for the use of plants and offices with lease terms of 1 to 36 years. The lease contracts for land located in the R.O.C. specify that lease payments will be adjusted every 2 years on the basis of changes in announced land value prices. The Company does not have purchase options to acquire the leasehold land and buildings at the end of the lease terms.
The Company leases machinery and equipment for use in operation with lease terms of 2 years. The Company has purchase options to acquire leasehold machinery and equipment at the end of the lease terms.
d. Subleases of right-of-use assets
The Company subleases its right-of-use assets for buildings under operating leases with lease terms of 1 to 5 years.
The maturity analysis of lease payments receivable under operating subleases is as follows:
Year 1 Year 2
e. Other lease information
Expenses relating to short-term leases
Expenses relating to low-value asset leases
Expenses relating to variable lease payments not included in the
measurement of lease liabilities
Total cash outflow for leases
December 31, 2019
$ 58,569 1,885
$ 60,454
Year Ended December 31, 2019
$ 5,007,057 $ 492
$ 195,062
Year Ended December 31, 2019
$ 7,724,421
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