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TSMC’s 2023 financials shine through despite accounting standards differences.

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TLDR:

  • Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has released its 2023 financial results
  • There is a discrepancy in net income and earnings per share between Taiwan-IFRSs and IFRSs as issued by the IASB

Key Elements of the Article:

Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) has published its 2023 financial results, revealing a net income of NT$838,498 million under Taiwan-IFRSs with earnings per share of NT$32.34. In contrast, using IFRSs as issued by the IASB for its U.S. SEC filing, TSMC showed a slightly higher net income of NT$851,740 million and earnings per share of NT$32.85. The primary discrepancy between the two reporting standards is attributed to the timing of tax recognition on unearned income.

It is important to consider this discrepancy when analyzing TSMC’s financial performance and making investment decisions based on this information. Investors should also refer to TipRanks’ Stock Analysis page for further insights into TSM stock and stay updated with the latest trends in the market.


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