Page 194 - TSMC 2019 Annual Report

Cost
Balance at January 1, 2018 $ 5,648,702 Additions - Disposals or retirements - Effect of exchange rate changes 146,786
Balance at December 31, 2018 $ 5,795,488
Accumulated amortization and impairment
Balance at January 1, 2018 $ - Additions - Disposals or retirements - Effect of exchange rate changes -
Balance at December 31, 2018 $ - Carrying amounts at December 31, 2018 $ 5,795,488
$
$
$
$ $
10,443,257 533,669 -
(2,468) 10,974,458
7,694,857 1,063,616 -
(2,468) 8,756,005 2,218,453
$
$
$
$ $
25,186,218 4,601,885
(186,671) (6,949)
29,594,483
20,376,693 2,835,265
(186,615) (1,845)
23,023,498 6,570,985
$
$
$
$ $
2,417,211 $ 17,002,137 (Concluded)
Goodwill
Technology License Fees
Software and System Design Costs
Patent and Others
5,716,146 $ 1,969,439
(31,183) 2,122
7,656,524 $
4,747,633 $ 522,524
(31,183) 339
5,239,313 $
Total
46,994,323 7,104,993
(217,854) 139,491
54,020,953
32,819,183 4,421,405
(217,798) (3,974)
37,018,816
The Company’s goodwill has been tested for impairment at the end of the annual reporting period and the recoverable amount is determined based on the value in use. The value in use was calculated based on the cash flow forecast from the financial budgets covering the future five-year period, and the Company used annual discount rates of 8.0% and 9.0% in its test of impairment as of December 31, 2019 and 2018, respectively, to reflect the relevant specific risk in the cash-generating unit.
For the years ended December 31, 2019 and 2018, the Company did not recognize any impairment loss on goodwill.
17. SHORT-TERM LOANS
Unsecured loans Amount
Original loan content US$ (in thousands) EUR (in thousands) Annual interest rate Maturity date
18. BONDSPAYABLE
Domestic unsecured bonds Less: Current portion
December 31, 2019
$ 118,522,290
$ 2,370,000 1,410,000 0.01%-2.22%
Due by May 2020
December 31, 2019
December 31, 2018
$ 56,900,000 (31,800,000)
91,800,000 (34,900,000)
$
2019
December 31, 2018
88,754,640
$
$ 25,100,000 $ 56,900,000
2,610,000 242,000 0.01%-3.22% Due by January
$
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