Page 110 - TSMC 2020 Annual Report

6 2 2 2 2 Financial Performance
Consolidated
Unit: NT$ thousands
Net Revenue
Cost of Revenue
Gross Gross Profit Profit before Realized (Unrealized) Gross Gross Profit Profit on Sales to Associates
Realized (Unrealized) Gross Profit on Sales to Associates
Gross Profit Operating Expenses
Other Operating Income and Expenses
Net Income from Operations
Non-operating Income and Expenses
Income Income before Income Income Tax
Income Tax
Expenses
Net Income Other Comprehensive Loss Net of Income Tax
Total Comprehensive Income for the Year
Total Net Income Attributable to Shareholders of the Parent
Total Comprehensive Income Attributable to Shareholders of the Parent
1 1 1 339 254 811
628 108 309
711 146 502
(16 382)
711 130 120
145 056 549
710 127
566 783 698
17 993 482
584 777 180
66 619 098
518 158 082
(30 321 802)
487 836 280
517 885 387
487 563 478
1 069 985 448 269 269 269 269 363 25%
577 286 947 50 821 362 9%
Item
2020
2019
Difference
%
492 698
501 218 448 001
3 3 395 (19 777) 492 701 896 218 428 224 119 504 582 25 551 967
(496 224) 1 1 206 351
372 701 090 194 082
608
17 144 246 849 236
389 845 336 194 931 844
44 501 527 22 117 571
345 343 809 172 814 273
(11 823 562) (18 498 240)
333 520 247 154 316 033
345 263 668 172 621 719 333 440 460 154 123 018
44%
-583%
44%
21%
NM
52%
5%
50%
50%
50%
-156%
46%
50%
46%
108 ● Analysis of Deviation over 20%
Increase in in in in in net revenue: The increase was mainly attributed to to rise in in in in in average selling price due to to higher advanced technology revenue weighting and increase in in in in in wafer shipments during 2020
partially offset by the unfavorable impact of of change in in in in in foreign exchange rate Increase in in in gross gross gross profit profit profit before realized realized (unrealized) gross gross gross profit profit profit on sales to associates and gross gross gross profit: The increase was mainly due to higher capacity utilization and and continuing cost improvement in in in 2020
partially offset by an an an an unfavorable exchange rate and and dilution from 5-nanometer products Decrease in in in in realized realized (unrealized) gross profit on sales sales to to to associates: The decrease was mainly due to to to higher sales sales to to to investees in in in in the fourth quarter of 2020
Increase in in in in operating expenses: The increase was mainly due to higher research and development expenditures for advanced technology Increase in in in in in in other operating income and and expenses net: The increase was mainly due to a a a a a a a a a a a net net gain on disposal of property plant and and equipment equipment in in 2020
compared to a a a a a net loss on disposal of property plant and equipment equipment in in 2019
Increase in in in in in in in income from operations: The increase increase increase was mainly due to gross profit increased at at at a a a a a a a a a a a higher rate than the increase increase increase in in in in in in in operating expenses Increase in in in in in in income income income before income income income tax: The increase was mainly due to higher income income income from operations Increase in in in in in income income income tax expenses net net income income income and total net net income income income attributable to to shareholders of the parent: The increase was mainly due to higher income income before income income tax in in in in 2020
Increase in in in in in in in other comprehensive loss loss net of income tax: The increase increase was mainly due to increase increase in in in in in in in currency exchange loss loss arising from translation of foreign operations in 2020
Increase in in in total total comprehensive comprehensive income income for the the year and total total comprehensive comprehensive income income attributable to to to shareholders of the the parent: The increase was mainly due to higher net income in in in in 2020
● Sales Volume Forecast and Related Information
For additional details please refer to to “1 Letter to to Shareholders” ● Major Impact on Financial Performance
The above deviations had no major impact on on TSMC’s financial performance ● Future Plan on Financial Performance: Not applicable