Equity (Tables)

12 Months Ended

Dec. 31, 2023


	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
	of 2021			of 2021		of 2021		of 2021
	NT$			NT$		NT$		NT$

	(In Millions)			(In Millions)		(In Millions)		(In Millions)

Resolution date of TSMC’s Board of Directors in its meeting	June 9 , 2021			August 10 , 2021		November 9 , 2021		February 15 , 2022
Special capital reserve	$	(6,287.0	)	$	10,201.2	$	710.2	$	3,304.3

Cash dividends to shareholders	$	71,308.5		$	71,308.5	$	71,308.5	$	71,308.5

Cash dividends per share (NT$)	$	2.75		$	2.75	$	2.75	$	2.75


	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
	of 2022			of 2022			of 2022			of 2022
	NT$			NT$			NT$			NT$

	(In Millions)			(In Millions)			(In Millions)			(In Millions)

Resolution date of TSMC’s Board of Directors in its meeting	May 10 , 2022			August 9 , 2022			November 8 , 2022			February 14 , 2023
Special capital reserve	$	(15,541.0	)	$	(12,002.8	)	$	(31,910.4	)	$	17,166.2

Cash dividends to shareholders	$	71,308.5		$	71,308.5		$	71,308.5		$	71,308.5

Cash dividends per share (NT$)	$	2.75		$	2.75		$	2.75		$	2.75


	First Quarter		Second Quarter			Third Quarter			Fourth Quarter
	of 2023		of 2023			of 2023			of 2023
	NT$		NT$			NT$			NT$

	(In Millions)		(In Millions)			(In Millions)			(In Millions)

Resolution date of TSMC’s Board of Directors in its meeting	May 9 , 2023		August 8 , 2023			November 14 , 2023			February 6 , 2024
Special capital reserve	$	3,273.5	$	(6,365.5	)	$	(17,228.4	)	$	28,020.8

Cash dividends to shareholders	$	77,796.2	$	77,796.2		$	90,762.3		$	90,762.2

Cash dividends per share (NT$)	$	3.00	$	3.00		$	3.50		$	3.50


	Year Ended December 31, 2021
	Foreign Currency Translation Reserve			Unrealized Gain (Loss) on Financial Assets at FVTOCI			Gain (Loss) on Hedging Instruments		Unearned Stock-Based Employee Compensation		Total
	NT$			NT$			NT$		NT$		NT$
	(In Millions)			(In Millions)			(In Millions)		(In Millions)		(In Millions)

Balance, beginning of year	$	(57,001.6	)	$	2,321.8		$	-	$	-	$	(54,679.8	)
Exchange differences arising on translation of foreign operations		(6,181.7	)		-			-		-		(6,181.7	)
Unrealized gain (loss) on financial assets at FVTOCI
Equity instruments		-			1,898.2			-		-		1,898.2
Debt instruments		-			(3,339.9	)		-		-		(3,339.9	)


	Year Ended December 31, 2021
	Foreign Currency Translation Reserve			Unrealized Gain (Loss) on Financial Assets at FVTOCI			Gain (Loss) on Hedging Instruments			Unearned Stock-Based Employee Compensation		Total
	NT$			NT$			NT$			NT$		NT$
	(In Millions)			(In Millions)			(In Millions)			(In Millions)		(In Millions)

Cumulative unrealized gain (loss) of equity instruments transferred to retained earnings due to disposal	$	-		$	(187.7	)	$	-		$	-	$	(187.7	)
Cumulative unrealized gain (loss) of debt instruments transferred to profit or loss due to disposal		-			(93.2	)		-			-		(93.2	)
Loss allowance adjustments from debt instruments		-			1.3			-			-		1.3
Gain (loss) arising on changes in the fair value of hedging instruments and hedged item affects profit or loss		-			-			90.2			-		90.2
Transferred to initial carrying amount of hedged items		-			-			48.5			-		48.5
Share of other comprehensive income (loss) of associates		(120.0	)		30.0			(14.7	)		-		(104.7	)
Income tax effect		-			(56.2	)		(3.4	)		-		(59.6	)


Balance, end of year	$	(63,303.3	)	$	574.3		$	120.6		$	-	$	(62,608.4	)


	Year Ended December 31, 2022
	Foreign Currency Translation Reserve			Unrealized Gain (Loss) on Financial Assets at FVTOCI			Gain (Loss) on Hedging Instruments			Unearned Stock-Based Employee Compensation			Total
	NT$			NT$			NT$			NT$			NT$
	(In Millions)			(In Millions)			(In Millions)			(In Millions)			(In Millions)

Balance, beginning of year	$	(63,303.3	)	$	574.3		$	120.6		$	-		$	(62,608.4	)
Exchange differences arising on translation of foreign operations		51,009.7			-			-			-			51,009.7
Unrealized gain (loss) on financial assets at FVTOCI
Equity instruments		-			(263.3	)		-			-			(263.3	)
Debt instruments		-			(10,513.7	)		-			-			(10,513.7	)
Cumulative unrealized gain (loss) of equity instruments transferred to retained earnings due to disposal		-			(303.3	)		-			-			(303.3	)
Cumulative unrealized gain (loss) of debt instruments transferred to profit or loss due to disposal		-			410.1			-			-			410.1
Loss allowance adjustments from debt instruments		-			0.9			-			-			0.9
Gain (loss) arising on changes in the fair value of hedging instruments and hedged item affects profit or loss		-			-			1,329.2			-			1,329.2
Transferred to initial carrying amount of hedged items		-			-			(52.9	)		-			(52.9	)
Issuance of shares		-			-			-			(451.9	)		(451.9	)
Share-based payment expenses recognized		-			-			-			266.7			266.7
Share of other comprehensive income (loss) of associates		550.3			38.6			76.4			-			665.3
Income tax effect		-			-			6.0			-			6.0


Balance, end of year	$	(11,743.3	)	$	(10,056.4	)	$	1,479.3		$	(185.2	)	$	(20,505.6	)


	Year Ended December 31, 2023
	Foreign Currency Translation Reserve			Unrealized Gain (Loss) on Financial Assets at FVTOCI			Gain (Loss) on Hedging Instruments			Unearned Stock-Based Employee Compensation			Total
	NT$			NT$			NT$			NT$			NT$
	(In Millions)			(In Millions)			(In Millions)			(In Millions)			(In Millions)

Balance, beginning of year	$	(11,743.3	)	$	(10,056.4	)	$	1,479.3		$	(185.2	)	$	(20,505.6	)
Exchange differences arising on translation of foreign operations		(14,255.6	)		-			-			-			(14,255.6	)
Gain (Loss) on hedging instruments designated as hedges of net investments in foreign operations		618.2			-			-			-			618.2
Unrealized gain (loss) on financial assets at FVTOCI
Equity instruments		-			1,953.0			-			-			1,953.0
Debt instruments		-			3,639.8			-			-			3,639.8
Cumulative unrealized gain (loss) of equity instruments transferred to retained earnings due to disposal		-			(151.9	)		-			-			(151.9	)
Cumulative unrealized gain (loss) of debt instruments transferred to profit or loss due to disposal		-			473.9			-			-			473.9
Loss allowance adjustments from debt instruments		-			9.5			-			-			9.5
Gain (loss) arising on changes in the fair value of hedging instruments and hedged item affects profit or loss		-			-			(34.8	)		-			(34.8	)
Transferred to initial carrying amount of hedged items		-			-			(45.2	)		-			(45.2	)
Issuance of shares		-			-			-			(586.0	)		(586.0	)
Share-based payment expenses recognized		-			-			-			477.7			477.7
Share of other comprehensive income (loss) of associates		63.9			32.2			(3.4	)		-			92.7


Balance, end of year	$	(25,316.8	)	$	(4,099.9	)	$	1,395.9		$	(293.5	)	$	(28,314.3	)

Capital stock


	December 31, 2022			December 31, 2023
		NT$			NT$
		(In Millions)			(In Millions)

Authorized shares (in millions)			28,050.0			28,050.0

Authorized capital		$	280,500.0		$	280,500.0

Issued and paid shares (in millions)			25,930.3			25,932.1

Issued capital		$	259,303.8		$	259,320.7

Capital surplus

The categories of uses and the sources of capital surplus based on regulations were as follows:


	December 31, 2022			December 31, 2023
		NT$			NT$
		(In Millions)			(In Millions)

May be used to offset a deficit, distributed as cash dividends, or transferred to share capital

Additional paid-in capital			$ 24,183.6			$ 24,406.8
From merger			22,803.3			22,803.3
From convertible bonds			8,892.4			8,892.4
From difference between the consideration received and the carrying amount of the subsidiaries’ net assets during actual disposal			8,406.3			8,406.3
Donations - donated by shareholders			11.3			11.3


	December 31, 2022			December 31, 2023
	NT$			NT$
	(In Millions)			(In Millions)

May only be used to offset a deficit

From share of changes in equities of subsidiaries		$	4,229.9		$	4,199.9
From share of changes in equities of associates			311.8			302.4
Donations - unclaimed dividend			53.7			70.1

May not be used for any purpose

Employee restricted shares			438.0			783.9


		$	69,330.3		$	69,876.4