Page 247 - TSMC 2022 Annual Report

b. Reconciliation of liabilities arising from financing activities
Short-term loans Bonds payable Long-term bank loans Lease liabilities
Total
Short-term loans Bonds payable Long-term bank loans Lease liabilities
Total
Balance as of January 1, 2022
$ 114,921,333 614,470,652 3,475,798 22,940,665
$ 755,808,448
Balance as of January 1, 2021
$ 88,559,026 256,705,084 1,967,611 22,388,674
$ 369,620,395
Financing Cash Flow
$(111,959,992) 193,479,254 2,503,333
(2,690,784) $ 81,331,811
Financing Cash Flow
$ 35,668,397 361,255,068 1,510,000
(2,178,297) $ 396,255,168
Foreign Exchange Movement
$ (2,372,053) 44,183,113 - 137,196
$ 41,948,256
Foreign Exchange Movement
$ (8,777,416) (3,646,920)
- (82,377)
$ (12,506,713)
Non-cash Changes
Leases Modifications
$- - - 11,713,474
$ 11,713,474
Non-cash Changes
Leases Modifications
$- - - 2,619,341
$ 2,619,341
Other Changes (Note)
$ (589,288) 303,420
(5,195) 267,050
$ (24,013)
Other Changes (Note)
$ (528,674) 157,420
(1,813) 193,324
$ (179,743)
Balance as of December 31, 2022
$- 852,436,439 5,973,936 32,367,601
$ 890,777,976
Balance as of December 31, 2021
$ 114,921,333 614,470,652 3,475,798 22,940,665
$ 755,808,448
Note: Other changes include discounts on short-term loans, amortization of bonds payable, amortization of long-term bank loan interest subsidy and financial cost of lease liabilities.
32. 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 expenditures, research and development activities, dividend payments, debt service requirements and other business requirements associated with its existing operations over the next 12 months.
33. 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, 2022
December 31, 2021
$
1,070,398 136,483,349 2,329 1,727,306,556
$
159,048 129,607,052 13,468 1,283,715,674
$1,864,862,632
$ 1,413,495,242
$
$ 1,669,387,687
116,215 813 1,669,270,659
$
$ 1,356,648,800
681,914 9,642 1,355,957,244
Note 1: Financial assets mandatorily measured at FVTPL.
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