Page 178 - TSMC 2020 Annual Report

Name of Investor
TSMC Partners
TSMC Development VTAF III
Note a: Note b: Note c: Note d:
Note e:
Name of Investee
TSMC Development, Inc. (TSMC Development)
TSMC Technology, Inc. (TSMC Technology) TSMC Design Technology
Canada Inc. (TSMC Canada) InveStar Semiconductor
Development Fund, Inc.
(ISDF)
InveStar Semiconductor
Development Fund, Inc. (II)
LDC. (ISDF II)
WaferTech, LLC (WaferTech)
Growth Fund Limited (Growth Fund)
Main Businesses and Products
Investing in companies involved in the manufacturing related business in the semiconductor industry
Engineering support activities
Engineering support activities
Investing in new start-up technology companies
Investing in new start-up technology companies
Manufacturing, selling and testing of integrated circuits and other semiconductor devices
Investing in new start-up technology companies
December 31, 2020
100%
100% 100% -
- 100% 100%
December 31, 2019
100%
100% 100% 97%
97% 100% 100%
Note
-
a)
a) a) , e)
a) , e) - a)
This is an immaterial subsidiary for which the consolidated financial statements are not audited TSMC JDC has been established in January 2020.
TSMC Arizona has been established in November 2020.
by the Company’s independent auditors.
Under the investment agreement entered into with the municipal government of Nanjing, China, the Company will make an investment in Nanjing in the amount of approximately US$3 billion to establish a subsidiary operating a 300mm wafer fab with the capacity of 20,000 12-inch wafers per month, and a design service center. The aforementioned 300mm wafer fab has reached the capacity of 20,000 12-inch wafers per month.
ISDF and ISDF II have completed the liquidation procedures in November 2020.
Foreign Currencies
The financial statements of each individual consolidated entity were expressed in the currency which reflected its primary economic environment (functional currency). The functional currency of TSMC and presentation currency of the consolidated financial statements are both New Taiwan Dollars (NT$). In preparing the consolidated financial statements, the operating results and financial positions of each consolidated entity are translated into NT$.
In preparing the financial statements of each individual consolidated entity, transactions in currencies other
than the entity’s functional currency (foreign currencies) are recognized at the rates of exchange prevailing
at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Such exchange differences are recognized in profit or loss in the year in which they arise. Non-monetary items measured at fair value that are denominated in foreign currencies are retranslated at the rates prevailing at the date when the fair value was determined. Exchange differences arising on the retranslation of non-monetary items are included in profit or loss for the year except for exchange differences arising on the retranslation of non-monetary items in respect of which gains and losses are recognized directly in other comprehensive income, in which case, the exchange differences are also recognized directly in other comprehensive income. Non-monetary items that are measured in terms of historical cost in foreign currencies are not retranslated.
For the purposes of presenting consolidated financial statements, the assets and liabilities of the Company’s
foreign operations are translated into NT$ using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Classification of Current and Noncurrent Assets and Liabilities
Current assets are assets held for trading purposes and assets expected to be converted to cash, sold or consumed within one year from the end of the reporting period. Current liabilities are obligations incurred for trading purposes and obligations expected to be settled within one year from the end of the reporting period. Assets and liabilities that are not classified as current are noncurrent assets and liabilities, respectively.
Establishment and Operating Location
Delaware, U.S.A.
Delaware, U.S.A. Ontario, Canada Cayman Islands
Cayman Islands Washington, U.S.A. Cayman Islands
Percentage of Ownership
(Concluded)
- 19 -
- 19 -