Page 177 - TSMC 2020 Annual Report

All intra-group transactions, balances, income and expenses are eliminated in full on consolidation.
Changes in the Company’s ownership interests in subsidiaries that do not result in the Company losing
control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Company’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to shareholders of the parent.
When the Company loses control of a subsidiary, a gain or loss is recognized in profit or loss and is calculated as the difference between:
a. the aggregate of the fair value of consideration received and the fair value of any retained interest at the date when control is lost; and
b. the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interest.
The Company shall account for all amounts recognized in other comprehensive income in relation to the subsidiary on the same basis as would be required if the Company had directly disposed of the related assets and liabilities.
The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the cost on initial recognition of an investment in an associate.
The subsidiaries in the consolidated financial statements
The detail information of the subsidiaries at the end of reporting period was as follows:
Establishment and Operating Location
San Jose, California, U.S.A.
Amsterdam, the Netherlands Yokohama, Japan
Yokohama, Japan
Seoul, Korea
Tortola, British Virgin Islands
Tortola, British Virgin Islands
Shanghai, China Nanjing, China Hsin-Chu, Taiwan
Phoenix, Arizona, U.S.A.
Cayman Islands Cayman Islands
Percentage of Ownership
Name of Investor
TSMC
Name of Investee
TSMC North America
TSMC Europe B.V. (TSMC Europe)
TSMC Japan Limited (TSMC Japan)
TSMC Design Technology Japan, Inc. (TSMC JDC)
TSMC Korea Limited (TSMC Korea)
TSMC Partners, Ltd. (TSMC Partners)
TSMC Global, Ltd. (TSMC Global)
TSMC China Company Limited (TSMC China)
TSMC Nanjing Company Limited (TSMC Nanjing)
VisEra Technologies Company Ltd. (VisEra Tech)
TSMC Arizona Corporation (TSMC Arizona)
VentureTech Alliance Fund II, L.P. (VTAF II)
VentureTech Alliance Fund III, L.P. (VTAF III)
Main Businesses and Products
Selling and marketing of integrated circuits and other semiconductor devices
Customer service and supporting activities
Customer service and supporting activities
Engineering support activities
Customer service and supporting activities
Investing in companies involved in the design, manufacture, and other related business in the semiconductor industry and other investment activities
Investment activities
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Manufacturing, selling, testing and computer-aided design of integrated circuits and other semiconductor devices
Engaged in manufacturing electronic spare parts and in researching, developing, designing, manufacturing, selling, packaging and testing of color filter
Manufacturing, selling and testing of integrated circuits and other semiconductor devices
Investing in new start-up technology companies
Investing in new start-up technology companies
December 31, 2020
100%
100% 100% 100% 100% 100%
100% 100%
100% 87%
100%
98% 98%
December 31, 2019
100%
100% 100% - 100% 100%
100% 100%
100% 87%
-
98% 98%
Note
-
a)
a) a), b) a) a)
- -
d) -
a), c)
a) a)
(Continued)
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