Page 228 - TSMC 2019 Annual Report

Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries
ENDORSEMENTS/GUARANTEES PROVIDED
FOR THE YEAR ENDED DECEMBER 31, 2019
(Amounts in Thousands of New Taiwan Dollars, Unless Specified Otherwise)
Endorsement/ No. Guarantee Provider
Name
Nature of Relationship
Ending Balance (US$ in Thousands) (Note 3)
Amount Actually Drawn (US$ in Thousands)
Amount of Endorsement/ Guarantee Collateralized by Properties
Guarantee Provided by Parent Company
Guarantee Provided by A Subsidiary
Guarantee Provided to Subsidiaries in Mainland China
0 TSMC
TSMC North America
Subsidiary
$
$
-
$
405,352,531
Yes
Note 1:
The total amount of the guarantee provided by TSMC to any individual entity shall not exceed ten percent (10%) of TSMC’s net worth, or the net worth of such entity. or indirectly, by TSMC are not subject to the above restrictions after the approval of the Board of Directors.
Note 2: Note 3:
The total amount of guarantee shall not exceed twenty-five percent (25%) of TSMC’s net worth.
The maximum balance for the period and ending balance represent the amounts approved by the Board of Directors.
Guaranteed Party
Limits on Endorsement/ Guarantee Amount Provided to Each Guaranteed Party (Notes 1 and 2)
Maximum Balance for the Period (US$ in Thousands) (Note 3)
Ratio of Accumulated Endorsement/ Guarantee to Net Equity per Latest Financial Statements
Maximum Endorsement/ Guarantee Amount Allowable (Note 2)
$ 405,352,531
$ (US$
2,495,400 83,213) (US$
2,495,400 83,213) (US$
2,495,400 $ 83,213)
0.15%
No
- 78 -
No However, subsidiaries whose voting shares are 100% owned, directly
TABLE 2