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Tencent Music Entertainment Group – ‘20-F’ for 12/31/20 – ‘EX-12.1’

On:  Friday, 4/9/21, at 8:55am ET   ·   For:  12/31/20   ·   Accession #:  1193125-21-111096   ·   File #:  1-38751

Previous ‘20-F’:  ‘20-F’ on 3/25/20 for 12/31/19   ·   Next:  ‘20-F’ on 4/26/22 for 12/31/21   ·   Latest:  ‘20-F’ on 4/18/24 for 12/31/23   ·   10 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/09/21  Tencent Music Entertainment Group 20-F       12/31/20  200:20M                                    Donnelley … Solutions/FA

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML   1.93M 
                Non-Canadian Issuer                                              
 3: EX-4.10     Instrument Defining the Rights of Security Holders  HTML    107K 
 4: EX-4.11     Instrument Defining the Rights of Security Holders  HTML     54K 
 5: EX-4.12     Instrument Defining the Rights of Security Holders  HTML     85K 
 6: EX-4.13     Instrument Defining the Rights of Security Holders  HTML     54K 
 7: EX-4.14     Instrument Defining the Rights of Security Holders  HTML     54K 
 8: EX-4.16     Instrument Defining the Rights of Security Holders  HTML    138K 
 9: EX-4.17     Instrument Defining the Rights of Security Holders  HTML    141K 
10: EX-4.19     Instrument Defining the Rights of Security Holders  HTML    110K 
11: EX-4.22     Instrument Defining the Rights of Security Holders  HTML     54K 
12: EX-4.23     Instrument Defining the Rights of Security Holders  HTML     51K 
13: EX-4.43     Instrument Defining the Rights of Security Holders  HTML    100K 
14: EX-4.44     Instrument Defining the Rights of Security Holders  HTML    111K 
15: EX-4.47     Instrument Defining the Rights of Security Holders  HTML     85K 
16: EX-4.48     Instrument Defining the Rights of Security Holders  HTML     58K 
17: EX-4.50     Instrument Defining the Rights of Security Holders  HTML     52K 
18: EX-4.51     Instrument Defining the Rights of Security Holders  HTML     90K 
19: EX-4.52     Instrument Defining the Rights of Security Holders  HTML    112K 
20: EX-4.53     Instrument Defining the Rights of Security Holders  HTML    104K 
21: EX-4.54     Instrument Defining the Rights of Security Holders  HTML    229K 
22: EX-4.55     Instrument Defining the Rights of Security Holders  HTML     72K 
23: EX-4.56     Instrument Defining the Rights of Security Holders  HTML     90K 
24: EX-4.57     Instrument Defining the Rights of Security Holders  HTML    118K 
25: EX-4.58     Instrument Defining the Rights of Security Holders  HTML    106K 
26: EX-4.59     Instrument Defining the Rights of Security Holders  HTML    266K 
27: EX-4.60     Instrument Defining the Rights of Security Holders  HTML     79K 
28: EX-4.61     Instrument Defining the Rights of Security Holders  HTML     90K 
29: EX-4.62     Instrument Defining the Rights of Security Holders  HTML    118K 
30: EX-4.63     Instrument Defining the Rights of Security Holders  HTML    110K 
31: EX-4.64     Instrument Defining the Rights of Security Holders  HTML    267K 
32: EX-4.65     Instrument Defining the Rights of Security Holders  HTML     79K 
33: EX-4.66     Instrument Defining the Rights of Security Holders  HTML     89K 
34: EX-4.67     Instrument Defining the Rights of Security Holders  HTML    112K 
35: EX-4.68     Instrument Defining the Rights of Security Holders  HTML    103K 
36: EX-4.69     Instrument Defining the Rights of Security Holders  HTML    122K 
37: EX-4.70     Instrument Defining the Rights of Security Holders  HTML     60K 
 2: EX-4.9      Instrument Defining the Rights of Security Holders  HTML    100K 
38: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     51K 
41: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     51K 
42: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     51K 
39: EX-12.1     Statement re: the Computation of Ratios             HTML     56K 
40: EX-12.2     Statement re: the Computation of Ratios             HTML     56K 
43: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     50K 
44: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     52K 
45: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     50K 
52: R1          Cover Page                                          HTML    121K 
53: R2          Consolidated Income Statements                      HTML    116K 
54: R3          Consolidated Statements of Comprehensive Income     HTML     80K 
55: R4          Consolidated Balance Sheets                         HTML    162K 
56: R5          Consolidated Statements of Changes in Equity        HTML    133K 
57: R6          Consolidated Statements of Cash Flows               HTML    144K 
58: R7          General information, organization and basis of      HTML    137K 
                preparation                                                      
59: R8          Summary of Significant Accounting Policies          HTML    257K 
60: R9          Financial Risk Management                           HTML     93K 
61: R10         Critical accounting estimates and judgments         HTML     66K 
62: R11         Revenue                                             HTML     54K 
63: R12         Interest Income                                     HTML     54K 
64: R13         Other (losses)/gains, net                           HTML     69K 
65: R14         Expense by nature                                   HTML     82K 
66: R15         Finance cost                                        HTML     67K 
67: R16         Taxation                                            HTML    188K 
68: R17         Earnings per share                                  HTML     78K 
69: R18         Property Plant And Equipment                        HTML    128K 
70: R19         Right-of-Use Assets                                 HTML     72K 
71: R20         Intangible Assets                                   HTML    160K 
72: R21         Goodwill                                            HTML     63K 
73: R22         Investments accounted for using equity method       HTML     90K 
74: R23         Financial Assets at Fair Value                      HTML     79K 
75: R24         Prepayments deposits and other assets               HTML     70K 
76: R25         Accounts receivable                                 HTML     74K 
77: R26         Term deposits and cash and cash equivalents         HTML     63K 
78: R27         Share capital                                       HTML    141K 
79: R28         Other Reserves                                      HTML    126K 
80: R29         Share Based Compensation                            HTML    293K 
81: R30         Notes payable                                       HTML     73K 
82: R31         Other Payables and Other Liabilities                HTML     85K 
83: R32         Deferred revenue                                    HTML     63K 
84: R33         Business Combination                                HTML     70K 
85: R34         Cash flow information                               HTML     97K 
86: R35         Financial instruments by category                   HTML    106K 
87: R36         Commitments                                         HTML     70K 
88: R37         Related Party Transactions                          HTML    108K 
89: R38         Contingent liabilities                              HTML     58K 
90: R39         Events occurring after the reporting period         HTML     61K 
91: R40         Approval of these consolidated financial            HTML     54K 
                statements                                                       
92: R41         Summary of Significant Accounting Policies          HTML    317K 
                (Policies)                                                       
93: R42         General information, organization and basis of      HTML    105K 
                preparation (Tables)                                             
94: R43         Summary of Significant Accounting Policies          HTML     64K 
                (Tables)                                                         
95: R44         Financial Risk Management (Tables)                  HTML     63K 
96: R45         Other (Losses)/Gains, Net (Tables)                  HTML     67K 
97: R46         Expense by nature (Tables)                          HTML     80K 
98: R47         Finance cost (Tables)                               HTML     66K 
99: R48         Taxation (Tables)                                   HTML    190K 
100: R49         Earnings per share (Tables)                         HTML     73K  
101: R50         Property Plant And Equipment (Tables)               HTML    129K  
102: R51         Right-of-Use Assets (Tables)                        HTML     69K  
103: R52         Intangible Assets (Tables)                          HTML    161K  
104: R53         Goodwill (Tables)                                   HTML     59K  
105: R54         Investments accounted for using equity method       HTML     93K  
                (Tables)                                                         
106: R55         Financial Assets at Fair Value (Tables)             HTML     78K  
107: R56         Prepayments deposits and other assets (Tables)      HTML     69K  
108: R57         Accounts receivable (Tables)                        HTML     75K  
109: R58         Term deposits and cash and cash equivalents         HTML     59K  
                (Tables)                                                         
110: R59         Share capital (Tables)                              HTML    139K  
111: R60         Other Reserves (Tables)                             HTML    125K  
112: R61         Share Based Compensation (Tables)                   HTML    292K  
113: R62         Notes payable (Tables)                              HTML     73K  
114: R63         Other Payables and Other Liabilities (Tables)       HTML     84K  
115: R64         Deferred revenue (Tables)                           HTML     59K  
116: R65         Business Combination (Tables)                       HTML     67K  
117: R66         Cash flow information (Tables)                      HTML     96K  
118: R67         Financial instruments by category (Tables)          HTML    105K  
119: R68         Commitments (Tables)                                HTML     67K  
120: R69         Related Party Transactions (Tables)                 HTML    109K  
121: R70         General Information, Organization and Basis of      HTML     90K  
                Preparation - Summary of Significant Subsidiaries,               
                VIEs, and Subsidiaries of VIEs (Details)                         
122: R71         General Information, Organization and Basis of      HTML     54K  
                Preparation - Additional Information (Details)                   
123: R72         General Information, Organization and Basis of      HTML    101K  
                Preparation - Summary of Condensed Separate                      
                Financial Statements (Details)                                   
124: R73         Summary of Significant Accounting Policies -        HTML     72K  
                Additional Information (Details)                                 
125: R74         Summary of Significant Accounting Policies -        HTML     64K  
                Summary of Estimated Useful Lives of Property,                   
                Plant and Equipment (Detail)                                     
126: R75         Summary of Significant Accounting Policies -        HTML     70K  
                Summary of Estimated Useful Lives of Acquired                    
                Intangible Assets (Detail)                                       
127: R76         Financial Risk Management - Additional Information  HTML    109K  
                (Details)                                                        
128: R77         Financial Risk Management - Summary of Movements    HTML     59K  
                in Contingent Consideration Resulted from Business               
                Combination Movements at Fair Value Using Level 3                
                Measurements (Detail)                                            
129: R78         Revenue - Additional Information (Details)          HTML     53K  
130: R79         Other (losses)/gains, net - Summary of Other        HTML     68K  
                (Losses)/Gains, Net (Details)                                    
131: R80         Expense by nature - Summary of Expense By Nature    HTML     59K  
                (Details)                                                        
132: R81         Expense by nature - Summary of Expense By Nature    HTML     55K  
                (Parenthetical) (Details)                                        
133: R82         Expense by Nature - Summary of Employee Benefits    HTML     62K  
                Expenses (Details)                                               
134: R83         Finance cost (Details)                              HTML     56K  
135: R84         Taxation - Additional Information (Details)         HTML     83K  
136: R85         Taxation - Summary of Income Tax Expenses           HTML     59K  
                (Details)                                                        
137: R86         Taxation - Summary of Reconciliation of Income Tax  HTML     80K  
                (Details)                                                        
138: R87         Taxation - Summary of Reconciliation of Income Tax  HTML     53K  
                (Parenthetical) (Details)                                        
139: R88         Taxation - Summary of Amount and Per Share Effect   HTML     57K  
                of Tax Holiday (Details)                                         
140: R89         Taxation - Summary of Profit Before Tax (Details)   HTML     58K  
141: R90         Taxation - Summary of Deferred Tax Assets and       HTML     78K  
                Deferred Tax Liabilities (Details)                               
142: R91         Taxation - Summary of Recovery of Deferred Income   HTML     64K  
                Tax (Details)                                                    
143: R92         Taxation - Summary of Movements of Deferred Income  HTML     74K  
                Tax Assets (Details)                                             
144: R93         Taxation - Summary of Movements of Deferred Income  HTML     64K  
                Tax Liabilities (Details)                                        
145: R94         Earnings per share - Summary of Computation of      HTML     73K  
                Basic and Diluted Net Income Per Share (Details)                 
146: R95         Property Plant and Equipment - Summary of Property  HTML     91K  
                Plant and Equipment (Details)                                    
147: R96         Property Plant and Equipment - Summary of           HTML     61K  
                Depreciation Charged to Consolidated Income                      
                Statements (Details)                                             
148: R97         Right-of -Use Assets - Schedule of Carrying         HTML     66K  
                Amounts of Right-of-Use Assets (Details)                         
149: R98         Right-of -Use Assets - Additional Information       HTML     63K  
                (Details)                                                        
150: R99         Intangible Assets - Summary of Intangible Assets    HTML     97K  
                (Details)                                                        
151: R100        Intangible Assets - Summary of Amortization of      HTML     60K  
                Intangible Assets Allocated (Details)                            
152: R101        Goodwill - Summary of Goodwill (Details)            HTML     56K  
153: R102        Goodwill - Additional Information (Details)         HTML     63K  
154: R103        Investments Accounted for Using Equity Method -     HTML     59K  
                Summary of Investments Accounted for Using Equity                
                Method (Detail)                                                  
155: R104        Investments Accounted for Using Equity Method -     HTML     59K  
                Summary of Share of Profits/(Losses) of                          
                Investments Accounted for Using Equity Method                    
                (Detail)                                                         
156: R105        Investments Accounted for Using Equity Method -     HTML     77K  
                Summary of Movement of Investments in Associates                 
                and Joint Ventures (Details)                                     
157: R106        Investments Accounted for Using Equity Method -     HTML     59K  
                Summary of Movement of Investments in Associates                 
                and Joint Ventures (Parenthetical) (Details)                     
158: R107        Financial Assets at Fair Value - Additional         HTML     59K  
                Information (Details)                                            
159: R108        Financial Assets at Fair Value - Summary of         HTML     65K  
                Financial Assets at Fair Value Through Other                     
                Comprehensive Income (Details)                                   
160: R109        Financial Assets at Fair Value - Summary of         HTML     64K  
                Movement of Other Investment (Details)                           
161: R110        Prepayments, deposits and other - Summary of        HTML     70K  
                Prepayments, deposits and other assets (Detail)                  
162: R111        Accounts Receivables - Summary of Accounts          HTML     66K  
                Receivable and Ageing Analysis (Details)                         
163: R112        Accounts Receivable - Summary of Loss Allowances    HTML     58K  
                for Accounts Receivable (Details)                                
164: R113        Term Deposits And Cash And Cash Equivalents -       HTML     58K  
                Schedule of Cash and Cash Equivalents (Details)                  
165: R114        Share Capital - Schedule of Classes of Share        HTML     97K  
                Capital (Details)                                                
166: R115        Share Capital - Schedule of Classes of Share        HTML     55K  
                Capital (Parenthetical) (Details)                                
167: R116        Share Capital - Schedule Analysis of Issued Shares  HTML     63K  
                (Details)                                                        
168: R117        Share Capital - Additional Information (Detail)     HTML    106K  
169: R118        Schedule of Other Reserve (Details)                 HTML    100K  
170: R119        Share Based Compensation - Additional Information   HTML    106K  
                (Details)                                                        
171: R120        Share Based Compensation - Schedule of Number,      HTML    146K  
                weighted Average Exercise Prices and                             
                Weighted-average Grant Date Fair Value of Share                  
                Options (Details)                                                
172: R121        Share Based Compensation - Schedule of Share        HTML    162K  
                Options Outstanding (Details)                                    
173: R122        Share Based Compensation - Schedule of Movements    HTML     74K  
                in the number of RSUs and Awarded Shares (Details)               
174: R123        Share Based Compensation - Summary of Assumptions   HTML     69K  
                Used to Determine Fair value of Share Options                    
                (Details)                                                        
175: R124        Notes payable - Summary of Note Payable (Detail)    HTML     55K  
176: R125        Notes payable - Additional Information (Detail)     HTML     59K  
177: R126        Notes payable - Summary of unsecured senior notes   HTML     65K  
                (Detail)                                                         
178: R127        Other Payables and Other Liabilities - Summary of   HTML     78K  
                Other Payables and Other Liabilities (Details)                   
179: R128        Other Payables and Other Liabilities - Summary of   HTML     55K  
                Other Payables and Other Liabilities                             
                (Parenthetical) (Details)                                        
180: R129        Deferred Revenue - Summary of Contract Liabilities  HTML     57K  
                (Details)                                                        
181: R130        Deferred Revenue - Additional Information           HTML     58K  
                (Details)                                                        
182: R131        Business Combination - Additional Information       HTML     59K  
                (Details)                                                        
183: R132        Business Combination - Summary of Amount of         HTML     83K  
                Identified Assets Acquired and Liabilities Assumed               
                (Details)                                                        
184: R133        Cash Flow Information - Summary of Cash Generated   HTML     97K  
                from Operations (Details)                                        
185: R134        Cash Flow Information - Summary of Non-cash         HTML     57K  
                Investing and Financing Activities (Details)                     
186: R135        Financial Instruments by Category - Summary of      HTML     97K  
                Financial Instruments by Category (Details)                      
187: R136        Financial Instruments by Category - Additional      HTML     54K  
                Information (Details)                                            
188: R137        Commitments - Summary of Future Minimum             HTML     58K  
                Commitments for Non Cancellable Operating                        
                Commitments (Details)                                            
189: R138        Commitments - Summary of Minimum Royalty Payments   HTML     57K  
                Under Licensing Agreement (Details)                              
190: R139        Commitments - Additional Information (Details)      HTML     52K  
191: R140        Related Party Transactions - Summary of Major       HTML     57K  
                Related Parties and Relationships with the Group                 
                (Details)                                                        
192: R141        Related Party Transactions - Summary of             HTML     73K  
                Significant Related Party Transaction (Details)                  
193: R142        Related Party Transactions - Summary of Balances    HTML     64K  
                with Related Parties (Details)                                   
194: R143        Related Party Transactions - Summary of Key         HTML     59K  
                Management Personnel Compensation (Details)                      
195: R144        Related party transactions - Additional             HTML     61K  
                Information (Detail)                                             
196: R145        Contingent Liabilities - Additional Information     HTML     52K  
                (Details)                                                        
197: R146        Events Occurring after the Reporting Period -       HTML     78K  
                Additional Information (Details)                                 
199: XML         IDEA XML File -- Filing Summary                      XML    318K  
198: EXCEL       IDEA Workbook of Financial Reports                  XLSX    216K  
46: EX-101.INS  XBRL Instance -- tme-20201231                        XML   5.67M 
48: EX-101.CAL  XBRL Calculations -- tme-20201231_cal                XML    255K 
49: EX-101.DEF  XBRL Definitions -- tme-20201231_def                 XML   1.18M 
50: EX-101.LAB  XBRL Labels -- tme-20201231_lab                      XML   2.25M 
51: EX-101.PRE  XBRL Presentations -- tme-20201231_pre               XML   1.73M 
47: EX-101.SCH  XBRL Schema -- tme-20201231                          XSD    476K 
200: ZIP         XBRL Zipped Folder -- 0001193125-21-111096-xbrl      Zip    366K  


‘EX-12.1’   —   Statement re: the Computation of Ratios


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-12.1  

Exhibit 12.1

Certification by the Principal Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Cussion Kar Shun Pang, certify that:

 

  1.

I have reviewed this annual report on Form 20-F of Tencent Music Entertainment Group (the “Company”);

 

  2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Company as of, and for, the periods presented in this report;

 

  4.

The Company’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the Company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  (d)

Disclosed in this report any change in the Company’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting; and

 

  5.

The Company’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company’s auditors and the audit committee of the Company’s board of directors:

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process, summarize and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal control over financial reporting.

 

Date: April 9, 2021

By:

 

/s/ Cussion Kar Shun Pang

Name:

  Cussion Kar Shun Pang

Title:

  Chief Executive Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:4/9/216-K,  SC 13G/A
For Period end:12/31/20
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/18/24  Tencent Music Entertainment Group 20-F       12/31/23  162:27M                                    Donnelley … Solutions/FA
 4/25/23  Tencent Music Entertainment Group 20-F       12/31/22  181:40M                                    Donnelley … Solutions/FA
 4/26/22  Tencent Music Entertainment Group 20-F       12/31/21  196:24M                                    Donnelley … Solutions/FA


7 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/04/20  Tencent Music Entertainment Group 6-K         9/04/20    3:169K                                   Donnelley … Solutions/FA
 8/27/20  Tencent Music Entertainment Group 424B2                  1:924K                                   Donnelley … Solutions/FA
 8/24/20  Tencent Music Entertainment Group F-3ASR      8/24/20    7:964K                                   Donnelley … Solutions/FA
 3/25/20  Tencent Music Entertainment Group 20-F       12/31/19  193:33M                                    ActiveDisclosure/FA
12/03/18  Tencent Music Entertainment Group F-1/A                 14:10M                                    Donnelley … Solutions/FA
11/30/18  Bank of New York/ADR Division     F-6                    3:309K Tencent Music Entertainme… Gp/ADR Emmet Marvin & Mart… LLP
10/02/18  Tencent Music Entertainment Group F-1                   63:14M                                    Donnelley … Solutions/FA
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Filing Submission 0001193125-21-111096   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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