Inventory Accounting Policy
Inventories are recorded at standard cost and adjusted to approximate weighted-average cost on the balance sheet date.
Inventories are stated at the lower of cost or net realizable value. Inventory write-downs are made on an item-by-item basis, except where it may be appropriate to group similar or related items. Net realizable value is the estimated selling price of inventories less all estimated costs of completion and necessary selling costs.
Source: Taiwan Semiconductor Manufacturing Co., Annual Report
Inventory Disclosure
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Taiwan Semiconductor Manufacturing Co., Statement of Financial Position, Inventory
USD $ in thousands, translated from TWD NT$
Source: Based on data from Taiwan Semiconductor Manufacturing Co. Annual Reports
| Item |
Description |
The company |
| Finished goods |
Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. |
Taiwan Semiconductor Manufacturing Co.'s finished goods increased from 2009 to 2010 but then slightly declined from 2010 to 2011 not reaching 2009 level.
|
| Work in process |
Carrying amount as of the balance sheet date of merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. |
Taiwan Semiconductor Manufacturing Co.'s work in process increased from 2009 to 2010 but then slightly declined from 2010 to 2011.
|
| Raw materials |
Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Also includes purchased parts that will be used as components of a finished product. |
Taiwan Semiconductor Manufacturing Co.'s raw materials increased from 2009 to 2010 but then slightly declined from 2010 to 2011.
|
| Supplies and spare parts |
Carrying amount as of the balance sheet date of products used directly or indirectly in the manufacturing or production process, which may or may not become part of the final product. May also include items used in the storage, presentation or transportation of physical goods. |
Taiwan Semiconductor Manufacturing Co.'s supplies and spare parts increased from 2009 to 2010 but then slightly declined from 2010 to 2011.
|
| Inventories |
Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). |
Taiwan Semiconductor Manufacturing Co.'s inventories increased from 2009 to 2010 but then slightly declined from 2010 to 2011.
|
