Source document: tencent_2019

Question: What is the 2018 IAS 39 opening balance of financial assets?
Facts: 77,131
Answer: 77,131 million

Question: What is the 2018 IAS 39 opening balance of financial liabilities?
Facts: 2,154
Answer: 2,154 million

Question: What is the 2018 IFRS9 opening balance of financial assets?
Facts: 100,107
Answer: 100,107 million

Question: How much is the change in additions of financial assets from 2018 to 2019?
Facts: 39,116; 51,185
Derivation: 39,116-51,185
Answer: -12069 million

Question: What is the 2019 financial assets closing balance expressed as a percentage of 2018 financial assets closing balance?
Facts: 123,093; 83,934
Derivation: 123,093/83,934
Answer: 146.65 percent

Question: How much is the change between 2018 and 2019 currency translation differences of financial assets?
Facts: 1,740; 4,946
Derivation: 1,740-4,946
Answer: -3206 million

Question: What were the investments disposed in year ended 31 December 2019 mainly engaged in?
Facts: provision of Internet-related services
Answer: provision of Internet-related services

Question: How much was invested into the retail company?
Facts: approximately USD500 million
Answer: approximately USD500 million

Question: What business was the new investments and additional investments primary engaged in?
Facts: social networks, Internet platform, technology and other Internet-related business
Answer: social networks, Internet platform, technology and other Internet-related business

Question: How much is the change in additions of financial assets between 2018 year end and 2019 year end?
Facts: 44,618; 60,807
Derivation: 44,618-60,807
Answer: -16189 million

Question: How much is the change in transfers between 2018 year end and 2019 year end?
Facts: 1,421; 78,816
Derivation: -1,421-(-78,816)
Answer: 77395 million

Question: How much is the change in disposals between 2018 year end and 2019 year end?
Facts: 14,805; 16,664
Derivation: -16,664-(-14,805)
Answer: -1859 million

Question: How much exchange gains did the Group report for the year ended 31 December 2019?
Facts: RMB77 million
Answer: RMB77 million

Question: What was the amount of USD denominated current monetary assets as at 31 December 2019?
Facts: 27,728
Answer: 27,728 million

Question: What was the amount of non-USD denominated current monetary assets as at 31 December 2019?
Facts: 2,899
Answer: 2,899 million

Question: What was the total USD denominated monetary assets as at 31 December 2019?
Facts: 27,728; 373
Derivation: 27,728+373
Answer: 28101 million

Question: What was the total non-USD denominated monetary liabilities as at 31 December 2019?
Facts: 14,732; 5,739
Derivation: 14,732+5,739
Answer: 20471 million

Question: What was the total USD denominated monetary assets as at 31 December 2018?
Facts: 18,041; 2,642
Derivation: 18,041+2,642
Answer: 20683 million

Question: What is the 2019 carrying amount of interest rate swaps?
Facts: (494)
Answer: (494) million

Question: What is the 2018 carrying amount of interest rate swaps?
Facts: 1,663
Answer: 1,663 million

Question: What is the 2019 notional amount of the interest rate swaps?
Facts: 29,423
Answer: 29,423 million

Question: How much is the change between 2018 to 2019 carrying amount of the interest rate swaps?
Facts: 1,663; 494
Derivation: -494-1,663
Answer: -2157 million

Question: How much is the change between 2018 and 2019 notional amount of the interest rate swaps?
Facts: 29,423; 77,630
Derivation: 29,423-77,630
Answer: -48207 million

Question: How many percent did the weighted average hedged rate for the year change by from 2018 to 2019?
Facts: 1.60; 2.10
Derivation: 2.10-1.60
Answer: 0.5 percent

Question: How much was the total energy consumption (MWh) for year ended 31 December 2019?
Facts: 205,092.26
Answer: 205,092.26

Question: How much was the total energy consumption (MWh) for the year ended 31 December 2018?
Facts: 167,488.48
Answer: 167,488.48

Question: How much was the direct energy consumption (MWh) for the year ended 31 December 2019?
Facts: 19,144.17
Answer: 19,144.17

Question: What is the change between direct energy consumption (MWh) in 2018 and 2019 year end?
Facts: 12,852.04; 19,144.17
Derivation: 19,144.17-12,852.04
Answer: 6292.13

Question: What is the change between indirect energy consumption (MWh) in 2018 and 2019 year end?
Facts: 154,636.44; 185,948.09
Derivation: 185,948.09-154,636.44
Answer: 31311.65

Question: What is the change between running water consumption (MWh) in 2018 and 2019 year end?
Facts: 1,283,749.73; 973,413.06
Derivation: 1,283,749.73-973,413.06
Answer: 310336.67

Question: How is the adjusted EBITDA margin calculated?
Facts: Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues.
Answer: Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenues.

Question: What is adjusted EBITDA calculated as?
Facts: Adjusted EBITDA is calculated as EBITDA plus equity-settled share-based compensation expenses.
Answer: Adjusted EBITDA is calculated as EBITDA plus equity-settled share-based compensation expenses.

Question: What does capital expenditures consist of?
Facts: Capital expenditures consist of additions (excluding business combinations) to property, plant and equipment, construction in progress, investment properties, land use rights and intangible assets (excluding video and music contents, game licences and other contents).
Answer: Capital expenditures consist of additions (excluding business combinations) to property, plant and equipment, construction in progress, investment properties, land use rights and intangible assets (excluding video and music contents, game licences and other contents).

Question: What is the difference between EBITDA and Adjusted EBITDA for three months ended 31 December 2019?
Facts: 35,675; 38,572
Derivation: 38,572-35,675
Answer: 2897 million

Question: What is the difference between EBITDA and adjusted EBITDA for three months ended 30 September 2019?
Facts: 35,378; 38,123
Derivation: 38,123-35,378
Answer: 2745 million

Question: What is the difference between EBITDA and adjusted EBITDA for three months ended 31 December 2018?
Facts: 27,180; 29,701
Derivation: 29,701-27,180
Answer: 2521 million

Question: How much is the VAS segment revenue?
Facts: 199,991
Answer: 199,991 million

Question: How much is the VAS gross profit?
Facts: 105,905
Answer: 105,905 million

Question: How much is the VAS depreciation?
Facts: 3,461
Answer: 3,461 million

Question: How many percent of total segment revenues is the VAS segment revenue? 
Facts: 199,991; 377,289
Derivation: 199,991/377,289
Answer: 53.01 percent

Question: How many percent of total depreciation was the VAS depreciation?
Facts: 12,303; 3,461
Derivation: 3,461/12,303
Answer: 28.13 percent

Question: How many percent of total amortisation was the VAS amortisation?
Facts: 14,710; 27,802
Derivation: 14,710/27,802
Answer: 52.91 percent

Question: Where does the Group's significant air emissions arise from?
Facts: fuels and purchased electricity produced from fossil fuel
Answer: fuels and purchased electricity produced from fossil fuel

Question: What does the Group's GHG inventory include?
Facts: carbon dioxide, methane and nitrous oxide
Answer: carbon dioxide, methane and nitrous oxide

Question: What does the hazardous waste produced by the Group's office buildings mainly include?
Facts: waste toner cartridge and waste ink cartridge from printing equipment
Answer: waste toner cartridge and waste ink cartridge from printing equipment

Question: What is the change between 2018 and 2019 Total GHG emissions in tonnes?
Facts: 612,521.16; 743,287.01
Derivation: 743,287.01-612,521.16
Answer: 130765.85

Question: What is the change between 2018 and 2019 direct GHG emissions in tonnes?
Facts: 316.35; 36.76
Derivation: 316.35-36.76
Answer: 279.59

Question: What is the change between 2018 and 2019 non-hazardous waste in tonnes?
Facts: 1,350.76; 1,811.27
Derivation: 1,811.27-1,350.76
Answer: 460.51

Question: What did the running royalty fees for online games comprise of?
Facts: prepaid royalty fees, unamortised running royalty fees and deferred Online Service Fees
Answer: prepaid royalty fees, unamortised running royalty fees and deferred Online Service Fees

Question: How much was the prepayment for media contents as at 31 December 2018?
Facts: 13,652
Answer: 13,652 million

Question: How much was the prepayment for media contents as at 31 December 2019?
Facts: 15,731
Answer: 15,731 million

Question: How much did the prepayments for media contents change by between 2018 year end and 2019 year end?
Facts: 13,652; 15,731
Derivation: 15,731-13,652
Answer: 2079 million

Question: How much did the prepayments and prepaid expenses change by between 2018 year end and 2019 year end?
Facts: 7,532; 8,353
Derivation: 8,353-7,532
Answer: 821 million

Question: How much did the interest receivables between 2018 year end and 2019 year end change by?
Facts: 1,697; 2,774
Derivation: 2,774-1,697
Answer: 1077 million

Question: What is diesel consumed by?
Facts: backup power generators
Answer: backup power generators

Question: What does the hazardous waste produced by the Group's data centres mainly include?
Facts: waste lead-acid accumulators
Answer: waste lead-acid accumulators

Question: What does the non-hazardous waste produced by the Group's data centres mainly include?
Facts: waste servers and waste hard drives
Answer: waste servers and waste hard drives

Question: What is the difference between 2018 and 2019 Total GHG emissions in tonnes?
Facts: 102,831.74; 113,501.50
Derivation: 113,501.50-102,831.74
Answer: 10669.76

Question: What is the difference between 2018 and 2019 indirect GHG emissions in tonnes?
Facts: 100,277.43; 109,715.64
Derivation: 109,715.64-100,277.43
Answer: 9438.21

Question: What is the change between 2018 and 2019 hazardous waste(tonnes)?
Facts: 2.40; 2.51
Derivation: 2.40-2.51
Answer: -0.11

Question: How much is the aggregate principal amount of the five tranches of senior notes issued under the Programme on 11 April 2019?
Facts: USD6 billion
Answer: USD6 billion

Question: How much is the 2024 Notes in USD?
Facts: 1,250
Answer: 1,250 million

Question: How much is the 2026 Notes in USD?
Facts: 500
Answer: 500 million

Question: How many percent of the total notes payable is the 2024 Notes?
Facts: 1,250; 6,000
Derivation: 1,250/6,000
Answer: 20.83 percent

Question: How many percent of the total notes payable is the 2026 Notes?
Facts: 500; 6,000
Derivation: 500/6,000
Answer: 8.33 percent

Question: How many percent of the total notes payable is the 2029 Notes?
Facts: 3,000; 6,000
Derivation: 3,000/6,000
Answer: 50 percent

Question: What was the 2019 profit margin?
Facts: 377,289; 95,888
Derivation: 95,888/377,289
Answer: 25.42 percent

Question: What was the 2018 profit margin?
Facts: 312,694; 79,984
Derivation: 79,984/312,694
Answer: 25.58 percent

Question: For 2019, what percentage of revenue is cost of revenue?
Facts: 209,756; 377,289
Derivation: 209,756/377,289
Answer: 55.6 percent

Question: What is the 2019 percentage change in selling & marketing expenses?
Facts: 12%
Answer: 12%

Question: What was the reason for the 2019 year-on-year percentage change in selling and marketing expenses?
Facts: The decrease was mainly due to the reduction of advertising and promotion expenses as a result of improved operational efficiencies.
Answer: The decrease was mainly due to the reduction of advertising and promotion expenses as a result of improved operational efficiencies.

Question: What was the reason behind the increase in the 2019 general and administrative expenses?
Facts: The increase was primarily driven by greater R&D expenses and staff costs.
Answer: The increase was primarily driven by greater R&D expenses and staff costs.

Question: What was the year-on-year change in cost of revenues for VAS?
Facts: 27%
Answer: 27%

Question: What was the year-on-year change in cost of revenues for FinTech and Business Services?
Facts: 35%
Answer: 35%

Question: What was the year-on-year change in cost of revenues for Online Advertising?
Facts: 6%
Answer: 6%

Question: How much did the total cost of revenues increase by from 2018 to 2019?
Facts: 170,574; 209,756
Derivation: 209,756-170,574
Answer: 39182 million

Question: How much is the combined 2019 cost of revenues for VAS and Fintech and Business Services?
Facts: 73,831; 94,086
Derivation: 94,086+73,831
Answer: 167917 million

Question: How much is the combined 2019 cost of revenues for Online Advertising and Others?
Facts: 34,860; 6,979
Derivation: 34,860+6,979
Answer: 41839 million

Question: How many shares did the Company repurchase during the year ended 31 December 2019?
Facts: 3,486,700
Answer: 3,486,700

Question: How much did the Company pay for the repurchased shares? 
Facts: HKD1.16 billion
Answer: HKD1.16 billion

Question: How many shares was purchased in August?
Facts: 362,200
Answer: 362,200

Question: What percentage of total shares purchased is the August share purchase?
Facts: 3,486,700; 362,200
Derivation: 362,200/3,486,700
Answer: 10.39 percent

Question: What percentage of total shares purchased is the September share purchase?
Facts: 2,294,500; 3,486,700
Derivation: 2,294,500/3,486,700
Answer: 65.81 percent

Question: What percentage of the total aggregate consideration paid is the August aggregate consideration paid?
Facts: 1,160,708,107; 116,330,916
Derivation: 116,330,916/1,160,708,107
Answer: 10.02 percent

Question: How much is the 2019 subsidies and tax rebates?
Facts: 4,263
Answer: 4,263 million

Question: How much is the 2018 subsidies and tax rebates?
Facts: 3,456
Answer: 3,456 million

Question: How much is the 2019 dividend income?
Facts: 1,014
Answer: 1,014 million

Question: What is the change in Net fair value gains on FVPL from 2018 to 2019?
Facts: 28,738; 9,511
Derivation: 9,511-28,738
Answer: -19227 million

Question: What is the change in subsidies and tax rebates from 2018 to 2019?
Facts: 3,456; 4,263
Derivation: 4,263-3,456
Answer: 807 million

Question: What is the change in dividend income from 2018 to 2019?
Facts: 1,014; 686
Derivation: 1,014-686
Answer: 328 million

Question: What was the increase in revenues for the fourth quarter of 2019 on a year-on-year basis?
Facts: 25%
Answer: 25%

Question: What was the primary reason for the increase in VAS revenue between the fourth quarter of 2018 and 2019?
Facts: The increase was primarily driven by revenue growth from smart phone games in both domestic and overseas markets, including titles such as Peacekeeper Elite and PUBG Mobile, as well as revenue contributions from Supercell titles, partly offset by lower revenues from PC client games such as DnF.
Answer: The increase was primarily driven by revenue growth from smart phone games in both domestic and overseas markets, including titles such as Peacekeeper Elite and PUBG Mobile, as well as revenue contributions from Supercell titles, partly offset by lower revenues from PC client games such as DnF.

Question: What was the primary reason for the increase in FinTech and Business Services revenue between the fourth quarter of 2018 and 2019?
Facts: The increase was primarily due to greater revenue contributions from commercial payment, as well as revenue growth from cloud services as a result of deeper penetration in key verticals.
Answer: The increase was primarily due to greater revenue contributions from commercial payment, as well as revenue growth from cloud services as a result of deeper penetration in key verticals.

Question: How much is the change in VAS revenue between the fourth quarter of 2018 and 2019?
Facts: 43,651; 52,308
Derivation: 52,308-43,651
Answer: 8657 million

Question: How much is the change in FinTech and Business Services revenue between the fourth quarter of 2018 and 2019?
Facts: 21,597; 29,920
Derivation: 29,920-21,597
Answer: 8323 million

Question: How much is the change in Online Advertising revenue between the fourth quarter of 2018 and 2019?
Facts: 17,033; 20,225
Derivation: 20,225-17,033
Answer: 3192 million

Question: What is the amount of borrowings as at 31 December 2019?
Facts: 126,952
Answer: 126,952 million

Question: What is the amount of borrowings as at 31 December 2018?
Facts: 114,271
Answer: 114,271 million

Question: What is the amount of notes payable as at 31 December 2019?
Facts: 93,861
Answer: 93,861 million

Question: How much did borrowings change from 2018 year end to 2019 year end?
Facts: 114,271; 126,952
Derivation: 126,952-114,271
Answer: 12681 million

Question: How much did notes payable change from 2018 year end to 2019 year end?
Facts: 65,018; 93,861
Derivation: 93,861-65,018
Answer: 28843 million

Question: How much did the Adjusted EBITDA change  from 2018 year end to 2019 year end?
Facts: 118,273; 147,395
Derivation: 147,395-118,273
Answer: 29122 million

Question: How much did the total non-current assets other than financial instruments as at 31 December 2019 amount to?
Facts: RMB311,386 million
Answer: RMB311,386 million

Question: How much did the deferred tax assets located in Mainland China and other regions as at 31 December 2019 amount to?
Facts: RMB136,338 million
Answer: RMB136,338 million

Question: How much is the operating assets in mainland china as at 31 December 2019?
Facts: 345,721
Answer: 345,721 million

Question: How much is the total operating assets as at 31 December 2019?
Facts: 168,714; 345,721
Derivation: 345,721+168,714
Answer: 514435 million

Question: How much is the difference between 2018 year end and 2019 year end europe investments?
Facts: 29,707; 37,451
Derivation: 37,451-29,707
Answer: 7744 million

Question: What is the difference between total operating assets and investments of 2018 year end and 2019 year end?
Facts: 723,521; 953,986
Derivation: 953,986-723,521
Answer: 230465 million

Question: How many share option schemes has the Company adopted?
Facts: five
Answer: five

Question: When did the Pre-IPO Option Scheme expire?
Facts: 31 December 2011
Answer: 31 December 2011

Question: When did the Post-IPO Option Scheme III expire?
Facts: 13 May 2019
Answer: 13 May 2019

Question: How many percent of the total shares granted as at 1 January was the 25 March 2014 grant?
Facts: 17,215,800; 5,000,000
Derivation: 5,000,000/17,215,800
Answer: 29.04 percent

Question: How many percent of the total shares granted as at 1 January was the 21 March 2016 grant?
Facts: 17,215,800; 3,750,000
Derivation: 3,750,000/17,215,800
Answer: 21.78 percent

Question: How many percent of the total shares granted as at 1 January was the 9 April 2018 grant?
Facts: 17,215,800; 3,215,800
Derivation: 3,215,800/17,215,800
Answer: 18.68 percent

Question: What is the group's net debt as at 31 December 2019?
Facts: RMB15,552 million
Answer: RMB15,552 million

Question: What is the group's net debt as at 30 September 2019?
Facts: RMB7,173 million
Answer: RMB7,173 million

Question: What was the group's cash flow for the fourth quarter of 2019?
Facts: RMB37,896 million
Answer: RMB37,896 million

Question: What is the difference between cash and cash equivalents of 30 September and 31 December 2019?
Facts: 132,991; 145,607
Derivation: 145,607-132,991
Answer: 12616 million

Question: What is the change in borrowings between 31 December 2019 and 30 September 2019?
Facts: 112,148; 126,952
Derivation: 126,952-112,148
Answer: 14804 million

Question: What is the change in notes payable between 31 December 2019 and 30 September 2019?
Facts: 93,861; 95,131
Derivation: 95,131-93,861
Answer: 1270 million

Question: How did the directors  determine the fair value of the options as at the respective grant dates?
Facts: Binomial Model
Answer: Binomial Model

Question: How much was the weighted average fair value per share of options granted during the year ended 31 December 2019 in RMB?
Facts: HKD123.82 per share (equivalent to approximately RMB106.09 per share)
Answer: HKD123.82 per share (equivalent to approximately RMB106.09 per share)

Question: How much was the weighted average fair value per share of options granted during the year ended 31 December 2018 in RMB?
Facts: HKD127.43 per share (equivalent to approximately RMB103.46 per share)
Answer: HKD127.43 per share (equivalent to approximately RMB103.46 per share)

Question: How much did the Weighted average share price at the grant date change by between 2018 and 2019?
Facts: 373.33; 405.00
Derivation: 373.33-405.00
Answer: -31.67

Question: How much did the Expected volatility change by between 2018 and 2019?
Facts: 30.00
Derivation: 30.00%-30.00%
Answer: 0 percent

Question: How much did the weighted average fair value per share of options granted change by in RMB between 2018 and 2019 year end?
Facts: 103.46; 106.09
Derivation:  106.09-103.46
Answer: 2.63

Question: What was the primary reason for the increase in VAS revenues?
Facts: The increase was primarily due to revenue contributions from domestic smart phone titles such as Peacekeeper Elite, as well as revenues contributed from Supercell commencing in the fourth quarter of 2019, partly offset by the decrease in revenues from PC client games.
Answer: The increase was primarily due to revenue contributions from domestic smart phone titles such as Peacekeeper Elite, as well as revenues contributed from Supercell commencing in the fourth quarter of 2019, partly offset by the decrease in revenues from PC client games.

Question: What was the primary reason for the increase in FinTech and Business Services revenue?
Facts: The increase mainly reflected the growth of commercial payment, social payment and cloud services.
Answer: The increase mainly reflected the growth of commercial payment, social payment and cloud services.

Question: What was the primary reason for the increase in Online Advertising revenue?
Facts: The increase was primarily driven by greater revenues from our mobile advertising network and Weixin Moments, benefitting from the positive seasonality of eCommerce promotional activities in the fourth quarter.
Answer: The increase was primarily driven by greater revenues from our mobile advertising network and Weixin Moments, benefitting from the positive seasonality of eCommerce promotional activities in the fourth quarter.

Question: What is the profit margin for the fourth quarter of 2019?
Facts: 105,767; 22,372
Derivation: 22,372/105,767
Answer: 21.15 percent

Question: What is the profit margin for the third quarter of 2019?
Facts: 20,976; 97,236
Derivation: 20,976/97,236
Answer: 21.57 percent

Question: What percentage of fourth quarter profits is the profits attributable to equity holders of the company?
Facts: 21,582; 22,372
Derivation: 21,582/22,372
Answer: 96.47 percent

Question: What was the effective interest rate for the Group's term deposits during the year ended 31 December 2019?
Facts: 3.57%
Answer: 3.57%

Question: What was the effective interest rate for the term deposits of the Group with initial terms of over three months to three years during the year ended 31 December 2018?
Facts: 4.08%
Answer: 4.08%

Question: How much was the RMB term deposits included in non-current assets as at 31 December 2019?
Facts: 19,000
Answer: 19,000 million

Question: How much did the RMB term deposits included in current assets change by between 2018 year end and 2019 year end?
Facts: 28,598; 55,180
Derivation: 28,598-55,180
Answer: -26582 million

Question: How much did the USD term deposits included in current assets change by between 2018 year end and 2019 year end?
Facts: 16,325; 6,349
Derivation: 16,325-6,349
Answer: 9976 million

Question: How much did the total term deposits change by between 2018 year end and 2019 year end?
Facts: 62,918; 65,911
Derivation: 65,911-62,918
Answer: 2993 million

Question: How much did the amortisation of intangible assets resulting from business combinations for year ended 31 December 2019 amount to?
Facts: RMB1,051 million
Answer: RMB1,051 million

Question: How much was the share-based compensation expenses during the year ended 31 December 2019?
Facts: RMB10,500 million
Answer: RMB10,500 million

Question: What did the transaction costs primarily consist of?
Facts: bank handling fees, channel and distribution costs.
Answer: bank handling fees, channel and distribution costs.

Question: How much is the change in transaction costs from 2018 to 2019?
Facts: 69,976; 85,702
Derivation: 85,702-69,976
Answer: 15726 million

Question: How much is the change in Employee benefits expenses from 2018 to 2019?
Facts: 42,153; 53,123
Derivation: 53,123-42,153
Answer: 10970 million

Question: How much is the change in Promotion and advertising expenses from 2018 to 2019?
Facts: 16,405; 19,806
Derivation: 16,405-19,806
Answer: -3401 million