(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding)
For the Year Ended December 31
2008
USD NTD %
Net Sales $10,608 $333,158 100.0
Cost of Sales (6,095) (191,408) (57.5)
Gross Profit 4,513 141,750 42.5
Operating Expenses
Research and Development Expenses (684) (21,481) (6.4)
General and Administrative Expenses (353) (11,097) (3.3)
Sales and Marketing Expenses (151) (4,737) (1.4)
Total Operating Expenses (1,188) (37,315) (11.1)
Income from Operations 3,325 104,435 31.4
Non-Operating Income, Net 202 6,335 1.9
Investment Gains 22 702 0.2
Income before Income Tax 3,549 111,472 33.5
Income Tax Expenses (348) (10,949) (3.3)
Net Income 3,201 100,523 30.2
Minority Interest (19) (590) (0.2)
Net Income Attributable to
Shareholders of
the Parent 3,182 99,933 30.0
Earnings per Share -- Diluted $0.12 $3.83 --
Earnings per ADR -- Diluted (2) $0.61 $19.14 --
Weighted Average Outstanding Shares
-- Diluted ('M) (3) -- 26,107 --
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Audited Consolidated Condensed Income Statements
For the Year Ended December 31, 2008 and 2007
(Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding) (Continued)
For the Year Ended December 31
2007 YoY
NTD % Amount %
Net Sales $322,630 100.0 $10,528 3.3
Cost of Sales (180,280) (55.9) (11,128) 6.2
Gross Profit 142,350 44.1 (600) (0.4)
Operating Expenses
Research and Development Expenses (17,946) (5.5) (3,535) 19.7
General and Administrative Expenses (8,964) (2.8) (2,133) 23.8
Sales and Marketing Expenses (3,718) (1.2) (1,019) 27.4
Total Operating Expenses (30,628) (9.5) (6,687) 21.8
Income from Operations 111,722 34.6 (7,287) (6.5)
Non-Operating Income, Net 7,412 2.3 (1,077) (14.5)
Investment Gains 2,508 0.8 (1,806) (72.0)
Income before Income Tax 121,642 37.7 (10,170) (8.4)
Income Tax Expenses (11,710) (3.6) 761 (6.5)
Net Income 109,932 34.1 (9,409) (8.6)
Minority Interest (755) (0.3) 165 (21.9)
Net Income Attributable to
Shareholders of
the Parent 109,177 33.8 (9,244) (8.5)
Earnings per Share -- Diluted $4.06 -- ($0.23) (5.7)
Earnings per ADR -- Diluted (2) $20.30 -- ($1.16) (5.7)
Weighted Average Outstanding Shares
-- Diluted ('M) (3) 26,892 -- -- --
Note:
(1) Amounts in New Taiwan dollars have been translated into U.S. dollars
at the weighted average rate of NTD 31.406 for the year ended December
31, 2008.
(2) 1 ADR equals 5 ordinary shares.
(3) Total diluted weighted average outstanding shares were 26,892M
shares for the year ended December 31, 2007 after the retroactive
adjustments for stock dividends and stock bonus.
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES
Consolidated Condensed Statements of Cash Flows
For the Year Ended December 31, 2008 and for the Three Months Ended
December 31, 2008, September 30, 2008, and December 31, 2007 
