Page 199 - TSMC 2020 Annual Report

c. Material terms of right-of-use assets
The Company leases land and buildings mainly for the use of plants and offices with lease terms of 1 to 36 years. The lease contracts for land located in the R.O.C. specify that lease payments will be adjusted every 2 years on the basis of changes in announced land value prices. The Company does not have purchase options to acquire the leasehold land and buildings at the end of the lease terms.
The Company leases machinery and equipment for use in operation with lease terms of 2 years. The Company has purchase options to acquire leasehold machinery and equipment at the end of the lease terms. As of September 30, 2020, the aforementioned lease contract has been expired.
d. Subleases
The Company subleases the right to use its buildings and machinery and equipment under operating leases with lease terms of 1 to 6 years.
The maturity analysis of lease payments receivable under operating subleases is as follows:
Year1 Year 2
e. Other lease information
Expenses relating to short-term leases
Expenses relating to low-value asset leases
Expenses relating to variable lease payments not included in the
measurement of lease liabilities Total cash outflow for leases
December 31, 2020
$ 144,099 -
$ 144,099
December 31, 2019
$ 58,569 1,885
$ 60,454
Years Ended December 31 2020 2019
$ 3,153,451 $ 300
$ 256,996
$ 5,007,057 $ 492
$ 195,062
$
Software and System Design Costs
2020
6,354,610
Patent and Others
8,302,996 2,974,784 -
(79) 11,277,701
$
2019
7,724,421
Years Ended December 31
16. INTANGIBLE ASSETS
Cost
Balance at January 1, 2020 Additions
Disposals or retirements
Effect of exchange rate changes
Balance at December 31, 2020
Goodwill
5,693,376 - -
(256,774) 5,436,602
Technology License Fees
Total
62,875,333 12,559,467
(60,467) (259,351)
$
$
$
$
15,854,951 6,308,926 -
(2,165) 22,161,712
$
$
33,024,010 3,275,757
(60,467) (333)
36,238,967
$
$
$
$ (Continued)
75,114,982
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