All financial information discussed in this Annual Report is derived from the unconsolidated financial statements included herein that were prepared on the basis of generally accepted accounting principles in the Republic of China which differs significantly, in certain respects, from generally accepted accounting principles in the United States ("US GAAP") and certain other countries. Consolidated financial statements are also included herein. TSMC will file an Annual Report on Form 20-F with the United States Securities and Exchange Commission (the "SEC") prior to June 30, 1999 which will include consolidated financial statements that include a reconciliation of certain items to US GAAP, as required by applicable SEC regulations and the listing requirements of the New York Stock Exchange.
1. Brief Balance Sheet
Financial analysis from 1994 to 1998
LETTER TO THE SHAREHOLDERS/ A BRIEF INTRODUCTION TO TSMC/ OPERATIONAL HIGHLIGHTS
BUSINESS PLANS/ FINANCIAL STATEMENTS