(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD)) (1)
December 31, 2008 September 30, 2008
(audited) (unaudited)
ASSETS USD NTD % NTD %
Current Assets
Cash and Cash Equivalents $5,922 $194,614 34.8 $112,446 20.4
Investments in Marketable
Financial Instruments 512 16,836 3.0 45,724 8.3
Accounts Receivable --
Trade, Net 563 18,497 3.3 45,333 8.2
Inventories, Net 453 14,877 2.7 21,817 4.0
Other Current Assets 237 7,795 1.4 7,029 1.3
Total Current Assets 7,687 252,619 45.2 232,349 42.2
Long-Term Investments 1,217 39,982 7.2 41,874 7.6
Property, Plant and Equipment 26,247 862,461 154.3 849,818 154.5
Less: Accumulated
Depreciation (18,832) (618,816) (110.7) (597,523) (108.6)
Property, Plant and
Equipment, Net 7,415 243,645 43.6 252,295 45.9
Other Assets 690 22,671 4.0 23,481 4.3
Total Assets $17,009 $558,917 100.0 $549,999 100.0
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current Liabilities
Accounts Payable $184 $6,043 1.1 $9,671 1.8
Payables to Contractors and
Equipment Suppliers 244 7,999 1.4 8,082 1.4
Accrued Expenses and Other
Current Liabilities 1,051 34,543 6.2 36,124 6.6
Current Portion of Bonds
Payable and Long-Term
Liabilities 250 8,222 1.5 8,258 1.5
Total Current Liabilities 1,729 56,807 10.2 62,135 11.3
Bonds Payable 137 4,500 0.8 4,500 0.8
Other Long-Term Liabilities 524 17,237 3.1 17,541 3.2
Total Liabilities 2,390 78,544 14.1 84,176 15.3
Shareholders' Equity
Attributable to Shareholders
of the Parent
Capital Stock at Par Value 7,798 256,254 45.8 259,042 47.1
Capital Surplus 1,518 49,875 8.9 50,463 9.2
Legal Capital Reserve (2) 2,049 67,324 12.0 67,324 12.2
Special Capital Reserve (2) 12 392 0.1 392 0.1
Unappropriated Earnings (2) 3,114 102,338 18.3 103,063 18.7
Treasury Stock -- -- -- (16,500) (3.0)
Others 6 194 0.1 (1,708) (0.3)
Total Equity Attributable
to Shareholders of the
Parent 14,497 476,377 85.2 462,076 84.0
Minority Interests 122 3,996 0.7 3,747 0.7
Total Shareholders'
Equity 14,619 480,373 85.9 465,823 84.7
Total Liabilities &
Shareholders' Equity $17,009 $558,917 100.0 $549,999 100.0
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Consolidated Condensed Balance Sheets
(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars
(USD)) (1) (Continued)
December 31, 2007
(audited) QoQ YoY
ASSETS NTD % Amount % Amount %
Current Assets
Cash and Cash
Equivalents $94,986 16.6 $82,168 73.1 $99,628 104.9
Investments in
Marketable
Financial
Instruments 79,848 14.0 (28,888) (63.2) (63,012) (78.9)
Accounts Receivable
-- Trade, Net 42,424 7.4 (26,836) (59.2) (23,927) (56.4)
Inventories, Net 23,862 4.2 (6,940) (31.8) (8,985) (37.7)
Other Current Assets 8,702 1.5 766 10.9 (907) (10.4)
Total Current
Assets 249,822 43.7 20,270 8.7 2,797 1.1
Long-Term Investments 36,461 6.4 (1,892) (4.5) 3,521 9.7
Property, Plant and
Equipment 800,352 140.2 12,643 1.5 62,109 7.8
Less: Accumulated
Depreciation (540,100) (94.6) (21,293) 3.6 (78,716) 14.6
Property, Plant
and Equipment,
Net 260,252 45.6 (8,650) (3.4) (16,607) (6.4)
Other Assets 24,330 4.3 (810) (3.4) (1,659) (6.8)
Total Assets $570,865 100.0 $8,918 1.6 ($11,948) (2.1)
LIABILITIES AND
SHAREHOLDERS' EQUITY
Current Liabilities
Accounts Payable $13,078 2.3 ($3,628) (37.5) ($7,035) (53.8)
Payables to
Contractors and
Equipment Suppliers 6,257 1.1 (83) (1.0) 1,742 27.8
Accrued Expenses and
Other Current
Liabilities 29,090 5.1 (1,581) (4.4) 5,453 18.7
Current Portion of
Bonds Payable and
Long-Term
Liabilities 281 -- (36) (0.4) 7,941 2828.1
Total Current
Liabilities 48,706 8.5 (5,328) (8.6) 8,101 16.6
Bonds Payable 12,500 2.2 -- -- (8,000) (64.0)
Other Long-Term
Liabilities 18,973 3.3 (304) (1.7) (1,736) (9.2)
Total Liabilities 80,179 14.0 (5,632) (6.7) (1,635) (2.0)
Shareholders' Equity
Attributable to
Shareholders of
the Parent
Capital Stock at Par
Value 264,271 46.3 (2,788) (1.1) (8,017) (3.0)
Capital Surplus 53,733 9.4 (588) (1.2) (3,858) (7.2)
Legal Capital
Reserve (2) 56,406 9.9 -- -- 10,918 19.4
Special Capital
Reserve (2) 630 0.1 -- -- (238) (37.8)
Unappropriated
Earnings (2) 161,828 28.3 (725) (0.7) (59,490) (36.8)
Treasury Stock (49,385) (8.7) 16,500 (100.0) 49,385 (100.0)
Others (391) -- 1,902 (111.3) 585 (149.5)
Total Equity
Attributable to
Shareholders of
the Parent 487,092 85.3 14,301 3.1 (10,715) (2.2)
Minority Interests 3,594 0.7 249 6.6 402 11.2
Total
Shareholders'
Equity 490,686 86.0 14,550 3.1 (10,313) (2.1)
Total Liabilities &
Shareholders' Equity $570,865 100.0 $8,918 1.6 ($11,948) (2.1)
Note:
(1) Amounts in New Taiwan dollars have been translated into U.S. dollars
at the rate of NT$32.860 as of December 31, 2008.
(2) Certain prior period balances have been reclassified to conform to
the current period presentation.
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Unaudited Consolidated Condensed Income Statements
For the Three Months Ended December 31, 2008, September 30, 2008,
December 31, 2007
