Intercompany balances and transactions between TSMC and its subsidiaries, which are related parties of TSMC, have been eliminated upon consolidation; therefore, those items are not disclosed in this note. The following is a summary of significant transactions between the Company and other related parties:


Related Party Name		Related Party Categories
GUC		Associates
VIS		Associates
SSMC		Associates
Xintec		Associates


		Years Ended December 31
		2020		2021		2022
		NT$		NT$		NT$
		(In Millions)		(In Millions)		(In Millions)
Item	Related Party Categories
Net revenue from sale of goods	Associates	$	8,129.8	$	8,475.9	$	15,351.5


	Years Ended December 31
	2020		2021		2022
	NT$		NT$		NT$
	(In Millions)		(In Millions)		(In Millions)
Related Party Categories
Associates	$	7,606.4	$	7,569.8	$	6,423.9


		December 31, 2021		December 31, 2022
		NT$		NT$
		(In Millions)		(In Millions)
Item	Related Party Name
Receivables from related parties	GUC	$	597.8	$	1,471.4
	Xintec		117.5		112.6


		$	715.3	$	1,584.0

Other receivables from related parties	SSMC	$	50.4	$	68.3
	VIS		11.1		0.7


		$	61.5	$	69.0


		December 31, 2021		December 31, 2022
		NT$		NT$
		(In Millions)		(In Millions)
Item	Related Party Name
Payables to related parties	Xintec	$	725.3	$	1,047.4
	SSMC		349.2		386.0
	VIS		357.2		190.6
	Others		5.5		18.6


		$	1,437.2	$	1,642.6


		December 31, 2021		December 31, 2022
		NT$		NT$
		(In Millions)		(In Millions)
Item	Related Party Categories
Contract liabilities	Associates	$	726.4	$	1,075.7


		Years Ended December 31
		2020		2021		2022
		NT$		NT$		NT$
		(In Millions)		(In Millions)		(In Millions)
Item	Related Party Categories
Manufacturing expenses	Associates	$	5,440.0	$	5,459.9	$	6,011.5

The sales prices and payment terms to related parties were not significantly different from those of sales to third parties. For other related party transactions, price and terms were determined in accordance with mutual agreements.

The Company leased factory and office from associates. The lease terms and prices were both determined in accordance with mutual agreements. The rental expenses were paid to associates monthly; the related expenses were both classified under manufacturing expenses.

The compensation to directors and other key management personnel were as follows:


	Years Ended December 31
	2020		2021		2022
	NT$		NT$		NT$
	(In Millions)		(In Millions)		(In Millions)

Short-term employee benefits	$	2,666.7	$	2,886.8	$	4,369.1
Post-employment benefits		2.3		2.9		3.0
Share-based payments		—		—		286.2


	$	2,669.0	$	2,889.7	$	4,658.3

The compensation to directors and other key management personnel were determined by the Compensation Committee (rename to Compensation and People Development Committee from February 14, 2023) of TSMC in accordance with the individual performance and market trends.