For the Three Months Ended June 30, 2008, March 31, 2008, and June 30, 2007 (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding) Q2 2008 Q1 2008 USD NTD % NTD % Net Sales $2,896 $88,137 100.0 $87,480 100.0 Cost of Sales (1,574) (47,916) (54.4) (49,241) (56.3) Gross Profit 1,322 40,221 45.6 38,239 43.7 Operating Expenses Research and Development Expenses (178) (5,404) (6.1) (5,270) (6.0) General and Administrative Expenses (104) (3,170) (3.6) (2,662) (3.0) Sales and Marketing Expenses (42) (1,274) (1.4) (1,184) (1.4) Total Operating Expenses (324) (9,848) (11.1) (9,116) (10.4) Income from Operations 998 30,373 34.5 29,123 33.3 Non-Operating Income, Net 57 1,725 1.9 1,872 2.1 Investment Gains 9 279 0.3 577 0.7 Income before Income Tax 1,064 32,377 36.7 31,572 36.1 Income Tax (Expenses) Benefits (115) (3,503) (4.0) (3,336) (3.8) Net Income 949 28,874 32.7 28,236 32.3 Minority Interests (4) (103) (0.1) (93) (0.1) Net Income Attributable to Shareholders of the Parent 945 28,771 32.6 28,143 32.2 Earnings per Share -- Diluted $0.04 $1.12 -- $1.10 -- Earnings per ADR -- Diluted (2) $0.18 $5.61 -- $5.49 -- Weighted Average Outstanding Shares -- Diluted ('M) -- 25,634 -- 25,610 -- Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the weighted average rate of NT$30.437 for the second quarter of 2008. (2) 1 ADR equals 5 ordinary shares. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES Unaudited Consolidated Condensed Income Statements
For the Three Months Ended June 30, 2008, March 31, 2008, and June 30, 2007 (Expressed in Millions of New Taiwan Dollars (NTD) and U.S. Dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding) (Continued) Q2 2007 QoQ YoY NTD % Amount % Amount % Net Sales $74,918 100.0 $657 0.8 $13,219 17.6 Cost of Sales (42,738) (57.0) 1,325 (2.7) (5,178) 12.1 Gross Profit 32,180 43.0 1,982 5.2 8,041 25.0 Operating Expenses Research and Development Expenses (4,301) (5.7) (134) 2.5 (1,103) 25.6 General and Administrative Expenses (2,151) (2.9) (508) 19.1 (1,019) 47.3 Sales and Marketing Expenses (994) (1.4) (90) 7.7 (280) 28.2 Total Operating Expenses (7,446) (10.0) (732) 8.0 (2,402) 32.3 Income from Operations 24,734 33.0 1,250 4.3 5,639 22.8 Non-Operating Income, Net 2,802 3.7 (147) (7.8) (1,077) (38.5) Investment Gains 488 0.7 (298) (51.6) (209) (42.8) Income before Income Tax 28,024 37.4 805 2.6 4,353 15.5 Income Tax (Expenses) Benefits (2,394) (3.2) (167) 5.0 (1,109) 46.3 Net Income 25,630 34.2 638 2.3 3,244 12.7 Minority Interests (146) (0.2) (10) 11.7 43 (29.3) Net Income Attributable to Shareholders of the Parent 25,484 34.0 628 2.2 3,287 12.9 Earnings per Share -- Diluted $0.96 -- $0.02 2.1 $0.16 16.3 Earnings per ADR -- Diluted (2) $4.82 -- $0.12 2.1 $0.79 16.3 Weighted Average Outstanding Shares -- Diluted ('M) 26,409 -- -- -- -- -- Note: (1) Amounts in New Taiwan dollars have been translated into U.S. dollars at the weighted average rate of NT$30.437 for the second quarter of 2008. (2) 1 ADR equals 5 ordinary shares. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED AND SUBSIDIARIES Audited Consolidated Condensed Income Statements For the Six Months Ended June 30, 2008 and 2007