Page 315 - TSMC 2020 Annual Report

The Company categorized the net revenue mainly based on the countries where the customers are headquartered.
Platform
Smartphone
High Performance Computing Internet of Things Automotive
Digital Consumer Electronics Others
Resolution
5-nanometer
7-nanometer 388,846,412 10-nanometer 3,341,769 16-nanometer 195,205,444 20-nanometer 8,298,531 28-nanometer 147,291,670 40/45-nanometer 101,979,651 65-nanometer 60,435,664 90-nanometer 29,036,165
0.11/0.13 micron 0.15/0.18 micron
0.25 micron and above
Wafer revenue
b. Contract balances
Contract liabilities (classified under accrued expenses and other current liabilities)
December 31, 2020
32,727,855 84,997,377 20,235,360
$1,161,829,728
December 31, 2019
Years Ended December 31 2020 2019
$ 632,600,168 $ 518,553,492
432,049,509 108,814,310 43,735,803 53,440,805 44,152,418
$ 1,314,793,013
312,770,702 85,508,427 47,451,547 53,214,200 42,148,425
$ 1,059,646,793
Years Ended December 31
2020
2019
$- 245,690,772 22,860,307 191,214,471 9,357,161 147,286,987 92,227,266 68,263,047 25,296,617 22,639,549 76,565,220 19,693,921
$ 921,095,318
January 1, 2019
$ 89,433,830
$
The Company recognized revenue from the beginning balance of contract liability, which amounted to NT$3,843,787 thousand and NT$2,192,221 thousand for the years ended December 31, 2020 and 2019, respectively.
c. Refund liabilities
Estimated sales returns and other allowances is made and adjusted based on historical experience and the consideration of varying contractual terms, which amounted to NT$38,937,425 thousand and NT$33,893,735 thousand for the years ended December 31, 2020 and 2019, respectively. As of December 31, 2020 and 2019, the aforementioned refund liabilities amounted to NT$30,995,223 thousand and NT$17,673,937 thousand (classified under accrued expenses and other current liabilities), respectively.
$ 9,365,661
The changes in the contract liability balances primarily result from the timing difference between the
$ 4,095,915
2,740,649
satisfaction of performance obligation and the customer’s payment.
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