Tencent Holdings Limited (HKEX:0700) Annual Report 2021



The latest annual report of Tencent Holdings Limited (0700) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 0700 Annual Results

Amounts in CNY

Total Revenue
560.12B
Gross Profit
245.93B
EBIT
123.85B
Net Tangible Assets
617.2B
Net Income
224.82B
Capital Expenditures
-29.3B

0700 Income Statement 2021 Annual Report

As per the latest Income Statement of 0700, the Net revenue increased by ¥78.054B (16%) compared to the previous period. The operating income in 2021 decreased by ¥-1.532B (-1%). The net income as per the annual report was 224.82B which increased by ¥64.975B (41%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue560.12B482.06B
Gross Profit245.93B221.62B
Operating Income123.85B125.38B
Income Before Tax248.06B180.02B
Net Income224.82B159.85B

Balance Sheet - 0700 2021 Annual Report

Read further: 0700 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Tencent Holdings Limited showed the company increased the cash on balance sheet by ¥15.168B (10%). The Net tangible assets of 0700 on the balance sheet were at 617.2B which is ¥88.739B (17%) more than previous annual report. The total stockholder equity also increased by ¥102.315B (15%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash167.97B152.8B
Total Assets1.61T 1.33T
Long Term Debt282.88B236.14B
Total Liabilities735.67B 555.38B
Total Shareholder Equity806.3B703.98B
Net Tangible Assets617.2B528.46B

Cash Flow Statement - 0700 2021 Annual Report

The 2021 annual cash flow statement of Tencent Holdings Limited showed that the net income increased by ¥64.975B (41%) compared to previous reporting period. Also the capital expenditure of 0700 increased by ¥4.768B (14%).

As of 2021, the total cash from investing activities was -178.55B and total cash from financing activities was 21.62B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income224.82B159.85B
Capital Expenditures-29.3B-34.07B
Dividends Paid-12.5B-10.34B
Total Cash From From Investing Activities-178.55B-181.96B
Total Cash From From Financing Activities21.62B13.65B

Tencent Holdings Limited Annual Report History

Income Statement

Income Statement history of Tencent Holdings Limited (HKEX:0700)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue560.12B482.06B377.29B312.69B
Cost Of Revenue314.19B260.44B209.71B170.57B
Gross Profit245.93B221.62B167.58B142.12B
Research Development----
Selling General Administrative130.44B101.38B74.84B65.75B
Non Recurring----
Other Operating Expenses-8.36B-5.14B-4.68B-1.94B
Total Operating Expenses436.27B356.68B279.87B234.39B
Operating Income123.85B125.38B97.42B78.3B
Total Other Income Expense Net124.21B54.64B11.98B16.16B
Ebit123.85B125.38B97.42B78.3B
Interest Expense-7.92B-7.45B-7.69B-4.9B
Income Before Tax248.06B180.02B109.4B94.47B
Income Tax Expense20.25B19.9B13.51B14.48B
Minority Interest70.39B74.06B56.12B32.7B
Net Income From Continuing Ops227.81B160.12B95.89B79.98B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income224.82B159.85B93.31B78.72B
Net Income Applicable To Common Shares224.82B159.85B93.31B78.72B

Balance Sheet Statement

Balance Sheet Statement history of Tencent Holdings Limited (HKEX:0700)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash167.97B152.8B132.99B97.81B
Short Term Investments85.56B69.62B47.29B63.26B
Net Receivables68.71B52.93B40.74B31.6B
Inventory1.06B814M718M324M
Other Current Assets135.14B20.39B14.23B12.68B
Total Current Assets484.81B317.65B253.97B217.08B
Long Term Investments786.38B715.98B451.44B364.7B
Property Plant Equipment88.31B77.71B61.61B39.97B
Good Will112.17B108.62B93.46B32.6B
Intangible Assets76.93B66.91B51.01B31.15B
Other Assets63.76B46.56B42.51B38.01B
Deferred Long Term Asset Charges26.07B21.35B18.21B15.76B
Total Assets1.61T1.33T953.99B723.52B
Accounts Payable109.47B94.03B80.69B73.73B
Short Long Term Debt5.46B784M16.2B20.16B
Other Current Liab225.91B118.41B93.65B65.53B
Long Term Debt282.88B236.14B188.08B138.74B
Other Liab33.19B39.97B28.5B26.14B
Minority Interest70.39B74.06B56.12B32.7B
Total Current Liabilities403.1B269.08B240.16B202.44B
Total Liab735.67B555.38B465.16B367.31B
Retained Earnings674.84B542.72B388.18B302.45B
Treasury Stock64.13B112.47B9.26B-6.23B
Capital Surplus67.33B48.79B35.27B27.29B
Other Stockholder Equity64.13B112.47B9.26B-6.23B
Total Stockholder Equity806.3B703.98B432.71B323.51B
Net Tangible Assets617.2B528.46B288.24B259.75B

Cash Flow Statement

Cash Flow Statement history of Tencent Holdings Limited (HKEX:0700)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income224.82B159.85B93.31B78.72B
Depreciation56.19B49.68B43.99B33.44B
Change To Netincome-108.2B-43.92B-4.72B-6.52B
Change To Account Receivables-4.03B-7.53B-6.04B-10.3B
Change To Liabilities22.89B31.22B18.5B22.45B
Change To Inventory1.3B-95M-394M-29M
Change To Operating Activities-19.27B3.83B3.26B-7.63B
Total Cash From Operating Activities175.19B194.12B148.59B110.94B
Capital Expenditures-29.3B-34.07B-22.77B-19.74B
Investments-90.55B-105.91B-50.24B-98.86B
Other Cashflows From Investing Activities-4.08B5.63B-8.52B4.38B
Total Cashflows From Investing Activities-178.55B-181.96B-116.17B-151.91B
Dividends Paid-12.5B-10.34B-8.31B-6.78B
Net Borrowings55.37B40.95B20.56B37.84B
Other Cashflows From Financing Activities-17.29B-16.82B-8.39B2.05B
Total Cash From Financing Activities21.62B13.65B1.67B30.89B
Effect Of Exchange Rate-3.09B-6B1.08B2.21B
Change In Cash15.17B19.81B35.18B-7.88B
Repurchase Of Stock-5B-1.86B-2.45B-2.75B
Issuance Of Stock1.04B1.72B272M525M