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Provisions (Tables)
 12 Months Ended
Dec. 31, 2023
Provisions [abstract]  
Summary of Provisions

 

 

December 31

 

 

 

2022

 

 

2023

 

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Employee benefits

 

$

65

 

 

$

387

 

Warranties

 

 

235

 

 

 

238

 

Onerous contracts

 

 

95

 

 

 

194

 

Others

 

 

4

 

 

 

3

 

 

 

$

399

 

 

$

822

 

 

 

 

 

 

 

 

Current

 

$

226

 

 

$

337

 

Noncurrent

 

 

173

 

 

 

485

 

 

 

$

399

 

 

$

822

 
Movements in Provisions

 

 

Employee Benefits

 

 

Warranties

 

 

Onerous Contracts

 

 

Others

 

 

Total

 

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

NT$

 

 

 

(In Millions)

 

Balance on January 1, 2021

 

$

57

 

 

$

182

 

 

$

171

 

 

$

5

 

 

$

415

 

Additional / (reversal of) provisions recognized

 

 

7

 

 

 

102

 

 

 

(24

)

 

 

(1

)

 

 

84

 

Used / forfeited during the year

 

 

(1

)

 

 

(71

)

 

 

—

 

 

 

—

 

 

 

(72

)

Effect of foreign exchange differences

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance on December 31, 2021

 

$

63

 

 

$

213

 

 

$

147

 

 

$

4

 

 

$

427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance on January 1, 2022

 

$

63

 

 

$

213

 

 

$

147

 

 

$

4

 

 

$

427

 

Additional / (reversal of) provisions recognized

 

 

2

 

 

 

108

 

 

 

(52

)

 

 

—

 

 

 

58

 

Used / forfeited during the year

 

 

—

 

 

 

(86

)

 

 

—

 

 

 

—

 

 

 

(86

)

Effect of foreign exchange differences

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance on December 31, 2022

 

$

65

 

 

$

235

 

 

$

95

 

 

$

4

 

 

$

399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance on January 1, 2023

 

$

65

 

 

$

235

 

 

$

95

 

 

$

4

 

 

$

399

 

Additional / (reversal of) provisions recognized

 

 

323

 

 

 

69

 

 

 

49

 

 

 

(1

)

 

 

440

 

Used / forfeited during the year

 

 

(1

)

 

 

(66

)

 

 

—

 

 

 

—

 

 

 

(67

)

Reclassification

 

 

—

 

 

 

—

 

 

 

50

 

 

 

—

 

 

 

50

 

Effect of foreign exchange differences

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Balance on December 31, 2023

 

$

387

 

 

$

238

 

 

$

194

 

 

$

3

 

 

$

822

 

 

a.
The provision for warranty claims represents the present value of the management’s best estimate of the future outflow of economic benefits that will be required under the Company’s obligation for warranties in sales agreements. The estimate has been made based on historical warranty experience.
b.
The provision for employee benefits represents vested long-term service compensation accrued.
c.
The provision for onerous contracts represents the present obligation resulting from the measurement for the unavoidable costs of meeting the Company’s contractual obligations exceed the economic benefits expected to be received from the contracts.