Business Context and Reporting Period
This Form 6-K filing by Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) covers the reporting period ending December 31, 2024. The document was filed on April 17, 2025, and serves to disclose the differences between financial statements prepared under Taiwan-IFRSs and those prepared under IFRSs issued by the International Accounting Standards Board (IASB) for the U.S. SEC Form 20-F.
Key Financial Metrics
The filing provides comparative data for the 2024 fiscal year under two accounting standards:
| Metric | Taiwan-IFRSs | IASB IFRSs (SEC Filing) |
|---|---|---|
| Net Income (Attributable to Parent) | NT$1,173,268 million | NT$1,158,380 million |
| Basic EPS | NT$45.25 | NT$44.68 |
| Diluted EPS | NT$45.25 | NT$44.67 |
| Total Assets (Dec 31, 2024) | NT$6,691,938 million | NT$6,691,765 million |
| Total Liabilities (Dec 31, 2024) | NT$2,368,362 million | NT$2,412,493 million |
| Equity (Attributable to Parent) | NT$4,288,545 million | NT$4,244,267 million |
The filing text does not provide specific values for revenue, operating cash flow, gross margins, debt maturity profiles, or liquidity ratios beyond the balance sheet totals listed above.
Material Changes and Accounting Differences
The primary material difference between the two reporting standards is the timing of the recognition of the Republic of China (R.O.C.) tax on unappropriated earnings. This accounting treatment results in:
- A reduction in net income of approximately NT$14.9 billion under IASB IFRSs compared to Taiwan-IFRSs.
- An increase in total liabilities of approximately NT$44.1 billion under IASB IFRSs.
- A corresponding decrease in equity attributable to shareholders of the parent under IASB IFRSs.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, specific risk factors, or details on contingencies beyond the disclosure of the accounting standard differences. No unusual items were explicitly detailed in the provided text.
Investor Verification Checklist
- Verify the impact of the R.O.C. tax on unappropriated earnings on future cash flows and dividend policies.
- Confirm the reconciliation of the NT$14.9 billion net income difference in the full Form 20-F filing.
- Review the full balance sheet to assess the specific composition of the increased liabilities under IASB IFRSs.
- Check subsequent filings for revenue and cash flow data, as this specific 6-K summary does not include them.