Benehiko/pypdf2 ouput

## pypdf2 ouput
                                                                                                        1                                                                                                                    2        -                                 -                          -                -                                                                                                        1             2
                                                                                                                                                       p¼             p¼           p¼            p¼             p¼             p¼                       -
                             -


                    About Tencent   Tencent uses technology to enrich the lives of Internet users.   Our social products Weixin and QQ link our users to  a rich digital content  catalogue including games, video, music and books. Our proprietary targeting technology  helps advertisers reach out to hundreds of millions of consumers in Chin a.     Our  infrastructure services including  payment, security, cloud and artificial intelligence c  growth.     Tencent invests heavily in people and innovation, enabling us to evolve with the Internet.          Tencent was founded in Shenzhen, China, in 1998.    Shares of Tencent ( 00700. HK ) are tra ded on the Main Board  of the Stock Exchange of Hong Kong.       For  investor and media  enquiries, please contact:    Catherine Chan   Tel:  (86) 755 86013388 ext.  88369 / (852) 3148 5100   Email:   cchan # tencent.com   Jane Yip       Tel:  (86) 755 86013388 ext.  68961/ (852) 3148 5100   Email:   janeyip # tencent.com   Stella Lui           Tel: (86) 755 86013388 ext.  68870/ (852) 3148 5100   Email:  stellalui # tencent.com   PH Cheung     Tel: (86) 755 86013388 ext.  689 19 / (852) 3148 5100   Email:  phcheung # tencent.com     Non - GAAP Financial Measures   To supplement the consolidated results of the Group prepared in accordance with  IFRS, certa in additional non - GAAP financial measures (in terms of,  operating profit, operating margin, profit for the period, net margin, profit  attributable to equity holders of the Company, basic EPS and diluted EPS), have bee n presented in this press  re lease . These unaudited non - GAAP financial measures should be considered in addition to, not as a substitute   repared in accordance with IFRS . In addition, these non - GAAP  financial measures may be defined d ifferently from similar terms used by other companies.      - GAAP financial measures provide investors with useful  supplementary information to assess the performance of the  Group  s  core operations by excluding cer tain non - cash items and certain impact s   of M&A transactions. In addition, non - GAAP adjustments include relevant non - GAAP adjustments for the  Group  s  material associates based on available published financials of the relevant  material associates, or   expectations, assumptions and premises.     Forward - Looking Statements   This press release contains forward - looking statements relating to the business outlook, forecast  business plans  and growth strategies of the Company. These forward - looking statements are based on information currently  available to the Company and are stated herein on the basis of the outlook at the time of this press release. They  are based on certain   expectations, assumptions and premises, some of which are subjective or beyond our control.   These forward - looking statements may prove to be   incorrect and may not be reali s ed in future. Underlying the  forward - looking statements is a large number of risks   and uncertainties. Further information regarding these risks  and uncertainties is included in our other public disclosure documents on our corporate website.
                               Unaudited     Una udited     1 Q201 8   1 Q201 7     1Q 201 8   4Q 201 7   Revenues              66,392        VAS               39,947       Online  a dvertising               12,361        Others              14,084   Cost of revenues              (34,897)   Gross  profit              31,495   Gross margin   50 %   5 1 %     50 %   47 %   Interest income              1,156   Other gains, net              7,906   Selling and marketing expenses              (6,022)   General and administrative expenses              (8,811)   Operating profit              25,724   Operating margin   42 %   3 9 %     42 %   39 %   Finance  costs,   net              (859)   Share   of profit/(loss) of associates and joint ventures              (120)   Profit before   income tax              24,745   Income tax expense              (3,123)   Profit for the period              21,622   Net margin   33 %   2 9 %     33 %   33 %   Attributable to:                  Equity holders of the Company              20,797        Non - controlling interests              825               Non - GAAP profit attributable to equity holders of the  Company              17,454               Earnings per share   for profit attributable to  equity holders of the Company    (in RMB per share)             -   basic   2.470   1.540     2.470      -   diluted    2.435   1.522     2.435
                             Una udited       1Q 201 8   1Q 201 7     Profit for the  period   23,973   14,548     Other comprehensive income ,   net of tax :                         95   111              -   7,226             -   ( 1,832 )        ( 5,379 )   (985)         861   59                            1,070   ( 41 )     -     (343)               Total comprehensive income for the  period           Attributable to:              Equity holders of the Company                Non - controlling interests                        Unaudited     1 Q201 8   4Q201 7   1Q 2017   EBITDA   (a)      23,278      Adjusted EBITDA (a)      25,127      Adjusted EBITDA margin   (b)      38%      Interest expense      839      Net  (debt) /  cash   (c)      16,332      Capital expenditures  (d)      4,975           (a)            (b)       (c)             (d)
                    CONSOLIDATED STATEMENT OF  FINANCIAL POSITION   RMB in million, unless specified           Unaudited      Audited   31 - Mar - 18     31 - Dec - 17       ASSETS         Non - current assets          Property, plant and equipment     25,884     23,597   Construction in progress   3,325     3,163   Investment properties   771     800   Land use rights   6,883     5,111   Intangible assets   41,239     40,266   Investments in associates   135,118     113,779   Investments in redeemable instruments of associates    -     22,976   Investments in joint ventures   5,598     7,826   Financial assets at fair value  through profit or loss   111,471     -   Financial assets at fair value through other comprehensive  income   70,622     -   Available - for - sale financial assets   -     127,218   Prepayments, deposits and other assets    12,977     11,173   Other financial assets   2,118     5,159   Deferred income tax assets   10,369     9,793   Term deposits   5     5,365                 426,380     376,226           Current assets         Inventories   285     295   Accounts receivable   20,627     16,549   Prepayments, deposits and other assets   22,349     17,110   Other financial assets   466     465   Financial assets at fair value through profit or loss   5,022     -   Term deposits   20,287     36,724   Restricted cash   1,694     1,606   Cash and cash equivalents    117,072     105,697                 187,802     178,446           Total assets   614,182     554,672
                      CONSOLIDATED STATEMENT OF FINANCIAL POSITION  (continued)   RMB in million, unless specified           Unaudited      Audited   31 - Mar - 18     31 - Dec - 17       EQUITY         Equity attributable to equity holders of the Company          Share capital   -     -      Share premium   23,551     22,204      Shares held for share award schemes   (4,095)     (3,970)      Other reserves   15,937     35,158      Retained earnings   242,150     202,682             277,543     256,074           Non - controlling interests   23,512     21,019           Total equity   301,055     277,093           LIABILITIES         Non - current liabilities            Borrowings   78,695     82,094      Notes payable   59,528     29,363      Long - term payables   4,939     3,862      Other financial liabilities   1,898     2,154      Deferred income tax liabilities   8,808     5,975      Deferred revenue   3,592     2,391             157,460     125,839           Current liabilities            Accounts payable   53,890     50,085      Other payables and accruals   27,433     29,433      Borrowings   18,037     15,696      Notes payable   799     4,752      Current income tax liabilities   8,748     8,708      Other tax liabilities   1,552     934      Deferred revenue   45,208     42,132             155,667     151,740           Total liabilities   313,127     277,579           Total equity and liabilities   614,182     554,672
  11          As    reported   Adjustments   Non - GAAP           Share - based    compensation  (a)        Net (gains)/losses from    investee  companies (b)   Amortisation of    intangible assets (c)   Impairment    provision (d)                                                  Unaudited three months ended  March  31, 201 8   Operating profit                         Profit for the period                         Profit attributable to equity holders                         Operating margin                             Net margin                                                                           Unaudited three months ended  December   3 1 , 2017   Operating profit                           Profit for the period                           Profit attributable to equity holders                           Operating margin                             Net margin                                                                           Unaudited three months ended   March 31, 2017   Operating profit                         Profit for the period                         Profit attributable to equity  holders                         Operating margin                             Net margin                                  (a)            (b)        (c)       (d)
	1 2 - - - - 1 2
	p¼ p¼ p¼ p¼ p¼ p¼ -
	-


	About Tencent Tencent uses technology to enrich the lives of Internet users. Our social products Weixin and QQ link our users to a rich digital content catalogue including games, video, music and books. Our proprietary targeting technology helps advertisers reach out to hundreds of millions of consumers in Chin a. Our infrastructure services including payment, security, cloud and artificial intelligence c growth. Tencent invests heavily in people and innovation, enabling us to evolve with the Internet. Tencent was founded in Shenzhen, China, in 1998. Shares of Tencent ( 00700. HK ) are tra ded on the Main Board of the Stock Exchange of Hong Kong. For investor and media enquiries, please contact: Catherine Chan Tel: (86) 755 86013388 ext. 88369 / (852) 3148 5100 Email: cchan # tencent.com Jane Yip Tel: (86) 755 86013388 ext. 68961/ (852) 3148 5100 Email: janeyip # tencent.com Stella Lui Tel: (86) 755 86013388 ext. 68870/ (852) 3148 5100 Email: stellalui # tencent.com PH Cheung Tel: (86) 755 86013388 ext. 689 19 / (852) 3148 5100 Email: phcheung # tencent.com Non - GAAP Financial Measures To supplement the consolidated results of the Group prepared in accordance with IFRS, certa in additional non - GAAP financial measures (in terms of, operating profit, operating margin, profit for the period, net margin, profit attributable to equity holders of the Company, basic EPS and diluted EPS), have bee n presented in this press re lease . These unaudited non - GAAP financial measures should be considered in addition to, not as a substitute repared in accordance with IFRS . In addition, these non - GAAP financial measures may be defined d ifferently from similar terms used by other companies. - GAAP financial measures provide investors with useful supplementary information to assess the performance of the Group s core operations by excluding cer tain non - cash items and certain impact s of M&A transactions. In addition, non - GAAP adjustments include relevant non - GAAP adjustments for the Group s material associates based on available published financials of the relevant material associates, or expectations, assumptions and premises. Forward - Looking Statements This press release contains forward - looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward - looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward - looking statements may prove to be incorrect and may not be reali s ed in future. Underlying the forward - looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website.
	Unaudited Una udited 1 Q201 8 1 Q201 7 1Q 201 8 4Q 201 7 Revenues 66,392 VAS 39,947 Online a dvertising 12,361 Others 14,084 Cost of revenues (34,897) Gross profit 31,495 Gross margin 50 % 5 1 % 50 % 47 % Interest income 1,156 Other gains, net 7,906 Selling and marketing expenses (6,022) General and administrative expenses (8,811) Operating profit 25,724 Operating margin 42 % 3 9 % 42 % 39 % Finance costs, net (859) Share of profit/(loss) of associates and joint ventures (120) Profit before income tax 24,745 Income tax expense (3,123) Profit for the period 21,622 Net margin 33 % 2 9 % 33 % 33 % Attributable to: Equity holders of the Company 20,797 Non - controlling interests 825 Non - GAAP profit attributable to equity holders of the Company 17,454 Earnings per share for profit attributable to equity holders of the Company (in RMB per share) - basic 2.470 1.540 2.470 - diluted 2.435 1.522 2.435
	Una udited 1Q 201 8 1Q 201 7 Profit for the period 23,973 14,548 Other comprehensive income , net of tax : 95 111 - 7,226 - ( 1,832 ) ( 5,379 ) (985) 861 59 1,070 ( 41 ) - (343) Total comprehensive income for the period Attributable to: Equity holders of the Company Non - controlling interests Unaudited 1 Q201 8 4Q201 7 1Q 2017 EBITDA (a) 23,278 Adjusted EBITDA (a) 25,127 Adjusted EBITDA margin (b) 38% Interest expense 839 Net (debt) / cash (c) 16,332 Capital expenditures (d) 4,975 (a) (b) (c) (d)
	CONSOLIDATED STATEMENT OF FINANCIAL POSITION RMB in million, unless specified Unaudited Audited 31 - Mar - 18 31 - Dec - 17 ASSETS Non - current assets Property, plant and equipment 25,884 23,597 Construction in progress 3,325 3,163 Investment properties 771 800 Land use rights 6,883 5,111 Intangible assets 41,239 40,266 Investments in associates 135,118 113,779 Investments in redeemable instruments of associates - 22,976 Investments in joint ventures 5,598 7,826 Financial assets at fair value through profit or loss 111,471 - Financial assets at fair value through other comprehensive income 70,622 - Available - for - sale financial assets - 127,218 Prepayments, deposits and other assets 12,977 11,173 Other financial assets 2,118 5,159 Deferred income tax assets 10,369 9,793 Term deposits 5 5,365 426,380 376,226 Current assets Inventories 285 295 Accounts receivable 20,627 16,549 Prepayments, deposits and other assets 22,349 17,110 Other financial assets 466 465 Financial assets at fair value through profit or loss 5,022 - Term deposits 20,287 36,724 Restricted cash 1,694 1,606 Cash and cash equivalents 117,072 105,697 187,802 178,446 Total assets 614,182 554,672
	CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued) RMB in million, unless specified Unaudited Audited 31 - Mar - 18 31 - Dec - 17 EQUITY Equity attributable to equity holders of the Company Share capital - - Share premium 23,551 22,204 Shares held for share award schemes (4,095) (3,970) Other reserves 15,937 35,158 Retained earnings 242,150 202,682 277,543 256,074 Non - controlling interests 23,512 21,019 Total equity 301,055 277,093 LIABILITIES Non - current liabilities Borrowings 78,695 82,094 Notes payable 59,528 29,363 Long - term payables 4,939 3,862 Other financial liabilities 1,898 2,154 Deferred income tax liabilities 8,808 5,975 Deferred revenue 3,592 2,391 157,460 125,839 Current liabilities Accounts payable 53,890 50,085 Other payables and accruals 27,433 29,433 Borrowings 18,037 15,696 Notes payable 799 4,752 Current income tax liabilities 8,748 8,708 Other tax liabilities 1,552 934 Deferred revenue 45,208 42,132 155,667 151,740 Total liabilities 313,127 277,579 Total equity and liabilities 614,182 554,672
	11 As reported Adjustments Non - GAAP Share - based compensation (a) Net (gains)/losses from investee companies (b) Amortisation of intangible assets (c) Impairment provision (d) Unaudited three months ended March 31, 201 8 Operating profit Profit for the period Profit attributable to equity holders Operating margin Net margin Unaudited three months ended December 3 1 , 2017 Operating profit Profit for the period Profit attributable to equity holders Operating margin Net margin Unaudited three months ended March 31, 2017 Operating profit Profit for the period Profit attributable to equity holders Operating margin Net margin (a) (b) (c) (d)