Page 219 - TSMC 2020 Annual Report

b. Reconciliation of liabilities arising from financing activities
Balance as of January 1, 2020
Short-term loans $ 118,522,290 Bondspayable 56,900,000 Long-term bank loans - Lease liabilities 17,316,917 Guaranteedeposits 1,729,881
Foreign Exchange Movement
2,000,000 - (2,819,733) (78,493)
Non-cash changes
Leases Modifications
Balance as of December 31, 2020
$-
28,689 256,705,084
Financing Cash Flow
Other Changes (Note)
$ (31,571,567)
204,534,945 (4,758,550)
$ 1,608,303
Total
Short-term loans
Bonds payable
Lease liabilities
Guaranteedeposits 10,189,045
Total $ 210,647,300
(32,389) 227,752
(1,511,250) $ (1,287,198)
Other Changes (Note)
$- - 240,927
(7,824,572) $ (7,583,645)
1,967,611 22,388,674 349,999
$ 369,970,394
Balance as of December 31, 2019
$ 118,522,290 56,900,000 17,316,917 1,729,881
$ 194,469,088
$ 194,469,088
Balance as of January 1, 2019
$ 172,273,218
Financing Cash Flow
$ 31,804,302 (34,900,000) (3,174,032) (639,066)
$ (6,908,796)
$ (3,226,945)
Foreign Exchange Movement
$ (2,036,652) -
$- - - 7,742,231 129,573 1,795 -
$ 88,559,026
$ 88,754,640 91,800,000 19,903,615
$ 7,742,231
Non-cash changes
Leases Modifications
$ (2,105,468) $ 419,697
$- - 419,697 4,474 -
(73,290)
Note: Other changes include amortization of bonds payable, amortization of long-term bank loan interest subsidy, financial cost of lease liabilities and guarantee deposits refunded to customers by offsetting related accounts receivable.
31. CAPITALMANAGEMENT
The Company requires significant amounts of capital to build and expand its production facilities and acquire additional equipment. In consideration of the industry dynamics, the Company manages its capital in a manner to ensure that it has sufficient and necessary financial resources to fund its working capital needs, capital asset purchases, research and development activities, dividend payments, debt service requirements and other business requirements associated with its existing operations over the next 12 months.
32. FINANCIALINSTRUMENTS
a. Categories of financial instruments
Financial assets
FVTPL (Note 1) FVTOCI (Note 2) Hedging financial assets Amortized cost (Note 3)
Financial liabilities
FVTPL (Note 4)
Hedging financial liabilities Amortized cost (Note 5)
December 31, 2020
December 31, 2019
$
$ $
$
2,259,412 129,918,694 47 826,293,705
958,471,858
94,128 1,169 748,129,332
748,224,629
$
$ $
$
326,839 134,776,779 25,884 612,740,640
747,870,142
982,349 1,798 533,581,640
534,565,787
Note 1: Financial assets mandatorily measured at FVTPL.
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