Page 339 - TSMC 2022 Annual Report

The legal capital reserve may be used to offset a deficit, or be distributed as dividends in cash or stocks for the portion in excess of 25% of the paid-in capital if the Company incurs no loss.
Pursuant to existing regulations, the Company is required to set aside additional special capital reserve equivalent to the net debit balance of the other components of stockholders’ equity, such as the accumulated balance of foreign currency translation reserve, unrealized valuation gain or loss from fair value through other comprehensive income financial assets, gain or loss from changes in fair value of hedging instruments in cash flow hedges, etc. For the subsequent decrease in the deduction amount to stockholders’ equity, any special reserve appropriated may be reversed to the extent that the net debit balance reverses.
The appropriations of 2022, 2021 and 2020 quarterly earnings have been approved by the Company’s Board of Directors in its meeting, respectively. The appropriations and cash dividends per share were as follows:
Resolution Date of the
Company’s Board of
Directors in its meeting
Special capital reserve
Cash dividends to shareholders Cash dividends per share (NT$)
Resolution Date of the
Company’s Board of
Directors in its meeting
Special capital reserve
Cash dividends to shareholders Cash dividends per share (NT$)
Resolution Date of the
Company’s Board of
Directors in its meeting
Special capital reserve
Cash dividends to shareholders Cash dividends per share (NT$)
Second Quarter of 2022
August 9, 2022
Fourth Quarter of 2022 February 14, 2023
Third Quarter of 2022
November 8, 2022
$ (31,910,353)
$ 71,308,547 $ 71,308,546 $ 2.75 $ 2.75
First Quarter of 2022 May 10, 2022
$ (15,541,054) $ 71,308,546 $ 2.75
First Quarter of 2021 June 9, 2021
$ $ $
17,166,163 71,308,546 2.75
$ (12,002,798)
Fourth Quarter of 2021 February 15, 2022
Third Quarter of 2021 November 9, 2021
$ 710,169 $ 71,308,547 $ 2.75
Third Quarter of 2020 November 10, 2020
$ 5,501,351 $ 64,825,951 $ 2.5
Second Quarter of 2021 August 10, 2021
$ 10,201,220 $ 71,308,546 $ 2.75
Second Quarter of 2020 August 11, 2020
$ 11,884,457 $ 64,825,951 $ 2.5
$ $ $
3,304,303 71,308,546 2.75
$ $ $
(6,287,050) 71,308,546 2.75
Fourth Quarter of 2020 February 9, 2021
First Quarter of 2020 May 12, 2020
$ (2,694,841) $ 64,825,951 $ 2.5
$ $ $
12,420,727 64,825,951 2.5
The special capital reserve for 2022 is to be presented for approval in the Company’s shareholders’ meeting to be held on June 6, 2023 (expected).
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