Page 323 - TSMC 2019 Annual Report

Taiwan Semiconductor Manufacturing Company Limited and Investees
FINANCINGS PROVIDED
FOR THE YEAR ENDED DECEMBER 31, 2019
(Amounts in Thousands of New Taiwan Dollars, Unless Specified Otherwise)
No.
Counter-party
Interest Rate
Item
Financing Amount Limits (Notes 1 and 2)
1 2
TSMC China TSMC Global
TSMC Nanjing TSMC
Other receivables from Yes related parties
need for long-term $
-
-
Note 1:
The total amount available for lending purpose shall not exceed the net worth of TSMC China. The total amount for lending to a company for funding for a short-term period shall not exceed ten percent (10%) of the net worth of TSMC China. In addition, the total amount lendable to any one borrower shall be no more than thirty percent (30%) of the borrower’s net worth. The above restriction does not apply to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by TSMC. However, the total amount lendable to any such subsidiary of TSMC shall not exceed forty percent (40%) of the net worth of TSMC China. When there is a lending for funding needs by TSMC China to TSMC, or to the subsidiaries whose voting shares are 100% owned, directly or indirectly, by TSMC, which are not located in Taiwan, the lending will not be subject to the restriction set forth in the above paragraph. Notwithstanding the foregoing, the aggregate amount available for lending to such borrowers and the total amount lendable to each of such borrowers still shall not exceed the net worth of TSMC China.
Note 2:
The total amount available for lending purpose shall not exceed the net worth of TSMC Global. The total amount for lending to a company for funding for a short-term period shall not exceed ten percent (10%) of the net worth of TSMC Global. In addition, the total amount lendable to any one borrower shall be no more than thirty percent (30%) of the borrower’s net worth. While TSMC, or its foreign subsidiaries in which TSMC directly or indirectly holds 100% of the voting shares will not be subject to this restriction, their total borrowing amount still shall not exceed the net worth of TSMC Global. Notwithstanding the foregoing, the aggregate amount for lending to Taiwan companies other than TSMC shall not exceed forty percent (40%) of the net worth of TSMC Global.
Note 3: Note 4:
The maximum balance for the period and ending balance represent the amounts approved by the Board of Directors.
The restriction of the term of each loan for funding not exceeding one year shall not apply to inter-company loans for funding between offshore subsidiaries in which the Company holds, directly or indirectly, 100% of the voting shares.
Financing Company
Financial Statement Related Account Party
Nature for Financing (Note 4)
Transaction Amounts
Reason for Financing (Note 4)
Allowance for Bad Debt
Company’s Total
Other receivables from Yes related parties
( US$ 479,000) 44,982,000 (US$ 1,500,000)
( US$ (US$
436,000) 29,988,000 1,000,000)
( US$ (US$
86,000) 29,988,000 1,000,000)
The need for short-term financing
-
-
Maximum Balance for the Period (Foreign Currencies in Thousands) (Note 3)
Ending Balance (Foreign Currencies in Thousands) (Note 3)
Amount Actually Drawn (Foreign Currencies in Thousands)
Collateral Value
Financing Limits for Each Borrowing Company (Notes 1 and 2)
Financing
$ 44,497,852 (RMB 7,000,000)&
$ (RMB
38,903,568 6,000,000)&
$ (RMB
24,102,968 5,000,000)&
1.50~1.96% 0.00%
The financing
Operating capital $ Operating capital
- - $ - -
$
57,358,467 397,737,270
$
57,358,467 397,737,270
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TABLE 1