Page 281 - TSMC 2019 Annual Report

7. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS
Financial assets
Mandatorily measured at FVTPL Forward exchange contracts
Financial liabilities
Held for trading
Forward exchange contracts
December 31, 2019
$ 27,481
$ 982,302
December 31, 2018
$ 54,115
$ 30,232
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 JPY/Buy US$
December 31, 2018
Sell NT$/Buy EUR Sell NT$/Buy JPY Sell US$/Buy JPY Sell US$/Buy NT$
Maturity Date
January 2020 to June 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
Contract Amount (In Thousands)
NT$84,690,438/EUR2,509,000 NT$23,737,589/JPY85,600,000 JPY57,471,581/US$526,368
NT$18,545,854/EUR527,000 NT$4,757,858/JPY17,200,000 US$162,834/JPY17,976,014 US$110,000/NT$3,386,459
8. HEDGINGFINANCIALINSTRUMENTS
Financial assets- current
Cash flow hedges
Forward exchange contracts
Financial liabilities- current
Cash flow hedges
Forward exchange contracts
December 31, 2019
December 31, 2018
$ 23,497
$ 1,941
$
$
3,504
1,798
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