Page 300 - TSMC 2019 Annual Report

Starting the first quarter of 2019, the Company reported its net revenue breakdown by platform, instead of by application. The Company believes this change better represents the Company’s results.
b. Contract balances
Contract liabilities (classified under accrued
expenses and other current liabilities) $ 4,095,915
December 31, 2019
December 31,
2018 2018
satisfaction of performance obligation and the customer’s payment.
The Company recognized revenue from the beginning balance of contract liability, which amounted to NT$2,192,221 thousand and NT$30,742,181 thousand for the years ended December 31, 2019 and 2018, respectively.
c. Refund liabilities
Estimated sales returns and other allowances is made and adjusted based on historical experience and the consideration of varying contractual terms, which amounted to NT$33,893,735 thousand and NT$53,382,673 thousand for the years ended December 31, 2019 and 2018, respectively. As of December 31, 2019 and 2018, the aforementioned refund liabilities amounted to NT$17,673,937 thousand and NT$21,199,032 thousand (classified under accrued expenses and other current liabilities), respectively.
$ 2,740,649
The changes in the contract liability balances primarily result from the timing difference between the
January 1,
$ 31,078,331
21. OTHER OPERATING INCOME AND EXPENSES, NET
Loss on disposal or retirement of property, plant and equipment, net Reversal of impairment loss (impairment loss) on property, plant and
equipment Others
22. OTHER INCOME
Interest income
Bank deposits
Financial assets at amortized cost
Dividend income
Years Ended December 31
$
$
$
2019
(582,289)
301,384 129,675
(151,230)
2018
(557,598)
(423,468) (687,168)
$ (1,668,234)
$
Years Ended December 31
2019
1,998,705 4,172 2,002,877 177,374
$
2018
1,845,471 1,731 1,847,202 157,905
$ 2,180,251
$ 2,005,107
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