Page 342 - TSMC 2022 Annual Report

b. Contract balances
December 31, 2022
Contract liabilities (classified under accrued
expenses and other current liabilities) $ 62,380,554
December 31,
2021 2021
$ 33,951,838
The changes in the contract liability balances primarily result from the timing difference between the
January 1,
$ 9,365,661
satisfaction of performance obligation and the customer’s payment.
The Company recognized revenue from the beginning balance of contract liability, NT$33,365,181 thousand and NT$8,737,297 thousand for the years ended December respectively.
which amounted to 31, 2022 and 2021,
December 31, 2021
c. Temporary receipts from customers
Current portion (classified under accrued expenses and other current liabilities)
Noncurrent portion (classified under other noncurrent liabilities)
December 31, 2022
$ 107,723,580 168,399,207
$ 276,122,787
$
$ 185,994,187
30,612,702 155,381,485
The Company’s temporary receipts from customer are payments made by customers to the Company to retain the Company’s capacity. When the terms and conditions set forth in the agreements are subsequently satisfied, the treatment of temporary receipts, either by refund or by accounts receivable offsetting, will be determined by mutual consent.
d. Refund liabilities
Estimated sales returns and other allowances is made and adjusted based on historical experience and the consideration of varying contractual terms. As of December 31, 2022 and 2021, the aforementioned refund liabilities amounted to NT$50,980,669 thousand and NT$39,493,180 thousand (classified under accrued expenses and other current liabilities), respectively.
21. INTERESTINCOME
Interest income
Bank deposits
Financial assets at amortized cost
Years Ended December 31
2022
$ 5,644,170 313,694
$ 5,957,864
2021
$
$ 927,754
927,754 -
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