Disposal of Subsidiary

12 Months Ended

Dec. 31, 2017

34.

DISPOSAL OF SUBSIDIARY

In January 2015, the Board of Directors of TSMC approved a sale of TSMC SSL common shares of 565.5 million held by TSMC and TSMC Guang Neng Investment, Ltd. (TSMC GN) to Epistar Corporation. The transaction was completed in February 2015.

Consideration received from the disposal


	NT$
	(In Millions)
Total consideration received	$	825.0
Expenditure associated with consideration received		(142.5	)


Net consideration received	$	682.5

Analysis of assets and liabilities over which the control was lost


	NT$
	(In Millions)
Assets
Cash and cash equivalents	$	81.5
Inventories		28.5
Other current assets		91.3
Property, plant and equipment		643.7
Intangible assets		47.4
Others		51.8

		944.2

Liabilities
Salary and bonus payable		38.2
Accrued expenses and other current liabilities		68.1
Net defined benefit liability		35.9
Others		76.9

		219.1

Net assets disposed of	$	725.1

Gain/loss on disposal of subsidiary


	NT$
	(In Millions)
Net consideration received	$	682.5
Net assets disposed of		(725.1	)
Non-controlling interests		42.6


Gain/loss on disposal of subsidiary	$	—

Net cash inflow arising from disposal of subsidiary


	NT$
	(In Millions)
Net consideration received	$	682.5
Less: Balance of cash and cash equivalents disposed of		81.5


	$	601.0