Page 307 - TSMC 2019 Annual Report

28. CASH FLOW INFORMATION
a. Non-cash transactions
Additions of property, plant and equipment
Exchange of assets
Changes in payables to contractors and equipment suppliers Transferred to initial carrying amount of hedged items
Payments for acquisition of property, plant and equipment
Disposal of property, plant and equipment Changes in other receivables from related parties Changes in other financial assets
Proceeds from disposal of property, plant and equipment
b. Reconciliation of liabilities arising from financing activities
Years Ended December 31
2019
$ 555,377,864 (3,287,138) (101,720,581) (82,276)
$ 450,287,869
2018
$ 287,670,276 - 10,406,719 22,162
$ 298,099,157
$ $
2019
1,286,373 (175,900)
7,865 1,118,338
$ $
2018
3,039,237 1,692,416
(24,535) 4,707,118
Balance as of December 31, 2019
$ 148,510,290 1,690,752 15,143,819 56,900,000
Years Ended December 31
Short-term loans Guarantee deposits Lease liabilities Bonds payable
T otal
Short-term loans Guarantee deposits Bonds payable
Total
$
$
91,982,340 9,494,648 17,758,578 91,800,000
211,035,566
$
$
59,615,602 19,002
(2,811,698 ) (34,900,000 )
21,922,906
$
$
$ - - 33,038 --
) (7,643,182 )
Balance as of January 1, 2019
Financing Cash Flow
Foreign Exchange Movement
(3,087,652 ) 1,674
Non-cash changes
Leases Modifications
Other Changes (Note)
$- (7,824,572 181,390 -
$
(17,489 )
(3,103,467 ) $ 33,038
$
222,244,861
Balance as of January 1, 2018
Financing Cash Flow
Foreign Exchange Movement
1,060,720 396,617 -
Other Changes (Note)
Balance as of December 31, 2018
$
$
63,766,850
13,629,122 116,100,000
193,495,972
$
$
27,154,770 1,504,809
(24,300,000) 4,359,579
$
$
-
(6,035,900) -
$
91,982,340 9,494,648 91,800,000
Non-cash changes
$
customers by offsetting related accounts receivable and financial
1,457,337
$
(6,035,900)
$
193,276,988
Note: Other changes include guarantee deposits refunded to cost of lease liabilities.
29. CAPITAL MANAGEMENT
The Company requires significant amounts of capital to build and expand its production facilities and acquire additional equipment. In consideration of the industry dynamics, the Company manages its capital in a manner to ensure that it has sufficient and necessary financial resources to fund its working capital needs, capital asset purchases, research and development activities, dividend payments, debt service requirements and other business requirements associated with its existing operations over the next 12 months.
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