DEXTER-CQA/TAT-QA-corpus huggingface dataset:
|Other cost of goods sold|Total cost of goods sold .|Severance and related costs|Accelerated depreciation|Contract/lease termination .|Consulting/professional fees .|Other selling, general and administrative expenses .|Total selling, general and administrative expenses|Consolidated total
International|$—|—|0.7|—|—|0.2|0.1|1.0|$1.0
Pinnacle Foods|$3.7|3.7|0.6|—|0.8|—|—|1.4|$5.1
Corporate|$—|—|110.8|4.7|0.3|38.1|8.2|162.1|$162.1
Total|$3.7|3.7|112.1|4.7|1.1|38.3|8.3|164.5|$168.2
|(in thousands of $, except average daily TCE)|Total operating revenues|Vessel operating expenses|Voyage, charterhire and commission expenses (including expenses from collaborative arrangement)|Administrative expenses|Project development expenses|Depreciation and amortization|Impairment of long-term assets|Other operating gains|Operating (loss)/income|Equity in net losses of affiliates|Other Financial Data:|Average Daily TCE (1) (to the closest $100)|Calendar days less scheduled off-hire days
|2019|230,654|(67,601)|(38,381)|(50,801)|(2,050)|(64,945)|(42,098)|13,295|(21,927)|(22,565)||44,400|3,840
December 31,|2018|302,979|(70,543)|(104,463)|(51,716)|(5,165)|(65,496)|—|50,740|56,336|(138,677)||43,700|3,987
|Change|(72,325)|2,942|66,082|915|3,115|551|(42,098)|(37,445)|(78,263)|116,112||700|(147)
|% Change|(24)%|(4)%|(63)%|(2)%|(60)%|(1)%|100%|(74)%|(139)%|(84)%||2%|(4)%
||Cash,accounts receivable and other current assets(1)|Property, plant and equipment|Identifiable intangible assets(2)|Customer relationships|Other|Other non current assets|Current liabilities, excluding current maturities of long-term debt|Current maturities of long-term debt|Long-term debt|Deferred revenue and other liabilities|Goodwill|Total estimated aggregate consideration
Adjusted November 1, 2017 Balance as of December 31, 2017||$3,317|9,311||8,964|391|782|(1,461)|(7)|(10,888)|(1,629)|10,837|$19,617
Purchase Price Adjustments|(Dollars in millions)|(26)|157||(533)|(13)|216|(32)|—|—|(114)|340|(5)
Adjusted November 1, 2017 Balance as of October 31, 2018||3,291|9,468||8,431|378|998|(1,493)|(7)|(10,888)|(1,743)|11,177|19,612
|(Dollars in thousands)|Maintenance|Term|Client Cloud|Pega Cloud|Total ACV
December 31,|2019|$292,696|231,267|523,963|169,329|$693,292
|2018|$269,708|190,349|460,057|109,973|$570,030
Change|Reported|$22,988|40,918|63,906|59,356|$123,262
||9%|21%|14%|54%|22%
|Constant currency|8%|21%|14%|54%|22%
Period |1st Quarter |2nd Quarter |3rd Quarter |4th Quarter |Total
2019|$0.04|$0.03|$0.01|$0.02|$0.10
2018|$0.03|$0.01|$0.02|$0.01|$0.07
2017|$0.20|$0.20|$0.15* |$0.03|$0.58
2016|$0.43|$0.43|$0.25|$0.26|$1.37
2015|$0.22|$0.38|$0.40|$0.38|$1.38
As of December 31, 2019 and 2018, we had cash and cash equivalents of $343.6 million and $566.3 million, respectively. We finance our operations primarily through sales to our customers and a majority of our customers are billed monthly. For customers with annual or multi-year contracts and those who opt for annual invoicing, we generally invoice only one annual period in advance and all invoicing occurs at the start of the respective subscription period. Revenue is deferred for such advanced billings. We also finance our operations from proceeds from issuance of stock under our stock plans, and proceeds from issuance of debt. We believe that our operations and existing liquidity sources will satisfy our cash requirements for at least the next 12 months
||Net cash provided by operating activities|Net cash used in investing activities|Net cash provided by financing activities|Effect of exchange rate changes|Net (decrease) increase in cash, cash equivalents, and restricted cash
|2019|$64,846|(296,780)|9,042|169|$(222,723)
Year ended December 31,|2018|$72,130|(83,448)|397,255|(800)|385,137
|2017|$41,165|(26,387)|6,783|(724)|20,837
||Cash and cash equivalents|Working capital,(1) excluding cash and cash equivalents|Availability under asset-based loan facility
|December 27, 2019 |$140,233|$162,772|$133,359
Fiscal Year Ended|December 28, 2018 |$42,410|$160,783|$90,015
|December 29, 2017|$41,504|$147,063|$64,805
Basic net loss per common share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential dilutive shares of common stock. Basic and diluted net loss per share of common stock were the same for all periods presented as the impact of all potentially dilutive securities outstanding was anti-dilutive. The Company uses the if converted method for calculating any potential dilutive effect on diluted loss per share.
In connection with the issuance of the 2024 Notes in December 2019, the Company paid $44.9 million to enter into capped call option agreements to reduce the potential dilution to holders of the Company’s common stock upon conversion of the 2024 Notes. In connection with the issuance of the 2022 Notes in November 2017, the Company paid $12.9 million to enter into capped call option agreements to reduce the potential dilution to holders of the Company’s common stock upon conversion of the 2022 Notes.
|||EMEA|Americas|Asia Pacific|Total
|December 31, 2019||$538|360|1,856|$2,754
Three Months Ended|September 29, 2019||$549|326|1,678|$2,553
|December 31, 2018|(Unaudited, in millions)|$617|342|1,689|$2,648
% Variation|Sequential||(2.0)%|10.5|10.6|7.9%
|Year-Over-Year||(12.8)%|5.4|9.9|4.0%
Revenues from VAS increased by 3% to RMB52,308 million for the fourth quarter of 2019. Online games revenues grew by 6% to RMB30,286 million. 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. Social networks revenues were RMB22,022 million, broadly stable compared to the third quarter of 2019.
Revenues from Online Advertising increased by 10% to RMB20,225 million for the fourth quarter of 2019. Social and others advertising revenues grew by 11% to RMB16,274 million. 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. Media advertising revenues increased by 8% to RMB3,951 million. The increase mainly reflected greater advertising revenues from our media platforms including Tencent Video, Tencent News and TME.
|||||Revenues|Cost of revenues|Gross profit|Interest income|Other gains, net|Selling and marketing expenses|General and administrative expenses|Operating profit|Finance costs, net|Share of (loss)/profit of associates and joint ventures|Profit before income tax|Income tax expense|Profit for the period|Attributable to:|Equity holders of the Company|Non-controlling interests||Non-IFRS profit attributable to equity holders of the Company
Unaudited|Three months ended|31 December|2019|(RMB in millions)|105,767|(59,659)|46,108|1,580|3,630|(6,712)|(16,002)|28,604|(2,767)|(1,328)|24,509|(2,137)|22,372||21,582|790|22,372|25,484
||30 September|2019||97,236|(54,757)|42,479|1,674|932|(5,722)|(13,536)|25,827|(1,747)|234|24,314|(3,338)|20,976||20,382|594|20,976|24,412
||Restricted share units|Outstanding at the start of the year|Awarded|Forfeited|Released|Outstanding at the end of the year
Year-ended 31 March 2019|Number|000’s|14,840|8,749|(1,421)|(6,822)|15,346
|WASP|£ pence|316.09|478.44|426.11|309.77|401.27
Year-ended 31 March 2018|Number|000’s|15,350|6,337|(1,421)|(5,426)|14,840
|WASP|£ pence|215.92|453.14|284.15|218.49|316.09
|(In thousands)|Proceeds from sale or issuance of common stock|Taxes paid related to net share settlement of equity awards|Proceeds from issuance of 0.875% Convertible Senior Notes|Payments for issuance costs on 0.875% Convertible Senior Notes|Payments for capped call transaction on 0.875% Convertible Senior Notes|Credit facility payments|Credit facility borrowings, net of issuance costs|Repurchase of common stock|Payment of acquisition and other financing obligations|Purchases of subsidiary shares owned by non-controlling interest|Net cash provided by (used in) financing activities - continuing operations|Net cash provided by (used in) financing activities - discontinued operations|Net cash provided (used in) by financing activities
|2019|$0|(7,286)|218,000|(5,445)|(17,222)|(220,000)|279,241|(111,460)|(14,685)|(53,800)|67,343|0|$67,343
Year Ended December 31,|2018|$1,283|(9,466)|0|0|0|(713,751)|430,843|(138,928)|(5,198)|(7,198)|(442,415)|149,432|$(292,983)
|2017|$1,568|(7,269)|0|0|0|(138,139)|325,001|(12,077)|(1,283)|0|167,801|30,784|$198,585
|2019 $ Change from 2018|$(1,283)|2,180|218,000|(5,445)|(17,222)|493,751|(151,602)|27,468|(9,487)|(46,602)|509,758|(149,432)|$360,326
|2018 $ Change from 2017|$(285)|(2,197)|0|0|0|(575,612)|105,842|(126,851)|(3,915)|(7,198)|(610,216)|118,648|$(491,568)
|(Dollars in thousands)|Other (income) expenses|Interest (income)|Interest expense|Other (income) expense, net|Total other (income) expense, net
Year ended March 31,|2018||$(98)|10|(391)|$(479)
|2017||$(162)|15|224|$77
(Unfavorable) favorable|$||$(64)|5|615|$556
|%||(39.5)%|33.3%|nm|nm
Year Ended May 31,||(Dollars in millions)|Research and development (1)|Stock-based compensation|Total expenses|% of Total Revenues
||2019|$5,063|963|$6,026|15%
||Actual|-2%|5%|-1%|
|Percent Change|Constant|0%|5%|0%|
||2018|$5,163|921|$6,084|15%
|Diluted earnings per share, as reported (GAAP)|Restructuring costs, net of tax |U.S. Tax Reform |Accumulated foreign earnings assertion |One-time employee bonus, net of tax |Diluted earnings per share, as adjusted (non-GAAP) (1)
2019|$3.50|0.05|0.23|(0.35)|—|$3.43
2018|$0.38|—|2.46||0.39|$3.23
||Amounts falling due within one year:|Bank loans and other loans|Amounts owed to subsidiaries1|Derivative financial instruments|Taxation payable|Other creditors|Accruals and deferred income||Amounts falling due after more than one year:|Deferred tax|Other loans|Derivative financial instruments|
2019|€m||4,835|232,896|463|–|945|66|239,205||17|46,208|1,924|48,149
2018|€m||8,367|220,625|229|9|120|46|229,396||–|32,199|2,133|34,332
||Total revenue|Cost of revenue (exclusive of depreciation and
amortization)|Total costs and expenses|Operating profit|Total other income (expense), net|Income before income tax expense (benefit)|Net income|Less: Net income attributable to noncontrolling
interests|Net income attributable to GreenSky, Inc.|Earnings per share of Class A common stock:|Basic|Diluted(1)
|First
Quarter|$103,700|58,037|92,212|11,488|(4,682)|6,806|7,401|4,502|2,899||$0.05|$0.05
|Second Quarter|$138,695|56,228|92,189|46,506|(11,779)|34,727|39,193|26,877|12,316||$0.20|$0.19
Year Ended December 31, 2019|Third Quarter|$153,415|64,957|101,017|52,398|(6,790)|45,608|44,075|29,349|14,726||$0.24|$0.23
|Fourth Quarter|$133,836|69,358|123,275|10,561|(8,854)|1,707|5,304|3,265|2,039||$0.03|$0.03
|Total|$529,646|248,580|408,693|120,953|(32,105)|88,848|95,973|63,993|31,980||$0.52|$0.49
|Balance as of August 31, 2017|Acquisitions and adjustments(1)|Change in foreign currency exchange rates|Balance as of August 31, 2018|Change in foreign currency exchange rates|Balance as of August 31, 2019
EMS|$52,574|30,763|(667)|82,670|(702)|$81,968
DMS|$555,610|(8,186)|(2,349)|545,075|(4,788)|$540,287
Total|$608,184|22,577|(3,016)|627,745|(5,490)|$622,255
(in millions)||Costs of reduction in headcount as a result of reorganization|Other expenses associated with the Program|Total expense|Capital expenditures|Total estimated cash cost(1)
Total Restructuring program range|Low|$ 355|230|585|255|$ 840
Total Restructuring program range|High|$ 370|245|615|270|$ 885
Less Cumulative Spend to Date||$ (325)|(196)|(521)|(239)|$ (760)
Remaining Restructuring Spend(2)|Low|$ 30|34|64|16|$ 80
|High|$ 45|49|94|31|$ 125
||At 1 January|Interest income on plans’ assets|Employer contributions|Benefit payments|Plan administration expenses|Re-measurement gain/(loss) on plans’ assets|Exchange adjustment|Fair value of plans’ assets
2019|$ million|254.2|7.0|6.6|(11.4)|(0.6)|25.8|9.5|291.1
2018|$ million|282.6|7.0|6.8|(12.1)|(0.5)|(14.2)|(15.4)|254.2
As of April 26, 2019 and April 27, 2018, $3.7 billion and $4.5 billion, respectively, of cash, cash equivalents and short-term investments were held by various foreign subsidiaries and were generally based in U.S. dollar-denominated holdings, while $0.2 billion and $0.9 billion, respectively, were available in the U.S. The TCJA imposes a one-time transition tax on substantially all accumulated foreign earnings through December 31, 2017, and generally allows companies to make distributions of foreign earnings without incurring additional federal taxes. As a part of the recognition of the impacts of the TCJA, we have reviewed our projected global cash requirements and have determined that certain historical and future foreign earnings will no longer be indefinitely reinvested.
|Particulars of Remuneration||Gross salary|(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961|(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961|(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961|2. Stock Option|3.Sweat Equity|4.Commission|as % of profit|5.Others, Allowances|Total (A)|Ceiling as per the Act (@ 10% of profits calculated under Section 198 of the Companies Act, 2013)
|Name of MD/WTD/Manager|Rajesh Gopinathan Chief Executive Officer and Managing Director||115.74|126.76|-|-|-|1,300.00|0.03|60.35|1,602.85|
||N Ganapathy Subramaniam Chief Operating Officer and Executive Director||109.02|13.30|-|-|-|900.00|0.02|138.76|1,161.08|
(` lakh)||Total Amount||224.76|140.06|-|-|-|2,200.00|0.05|199.11|2,763.93|404,348.06
|(in millions of $)|Net cash provided by/(used in) operating activities|Net cash used in investing activities|Net cash (used in)/provided by financing activities|Net (decrease) increase in cash, cash equivalents and restricted cash|Cash, cash equivalents and restricted cash at beginning of year|Cash, cash equivalents and restricted cash at end of year
2019||106.5|(264.4)|(136.0)|(293.9)|704.3|410.4
2018||116.7|(202.5)|177.4|91.6|612.7|704.3
2017||(35.1)|(419.9)|427.4|(27.5)|640.2|612.7
Cash provided by operating activities increased by $151.8 million to $116.7 million in 2018 compared to cash utilized of $35.1 million in 2017. The increase in cash utilized in 2018 was primarily due to: • higher contributions recognized from our participation in the Cool Pool as a result of improved utilization and daily hire rates from the Cool Pool vessels; • lower charterhire payments as a result of the expiry of the charter-back arrangement of the Golar Grand from Golar Partners in November 2017; • $50.7 million in cash receipts in connection with arbitration proceedings with a former charterer of the Golar Tundra; and • the improvement on the general timing of working capital in 2018 compared to the same period in 2017.
Adjusted EBITDA. We believe that Adjusted EBITDA is a key indicator of our operating results. We define Adjusted EBITDA as net (loss) income, adjusted to exclude: depreciation, amortization, disposals and impairment of long-lived assets, acquisition-related gains and expenses, litigation-related expenses, share-based compensation expense, restructuring expense, interest income and interest expense, the provision for income taxes and foreign exchange income (expense).
|||Revenue constant currency growth rate (1)|Revenue retention rate|Total customers (2)|Gross profit percentage  |Adjusted EBITDA (1)
|2019||32%|111%|34,400|73%|$54,008
Year Ended March 31, |2018|(dollars in thousands) |38%|110%|30,400|73%|$25,752
|2017||39%|111%|26,400|73%|$12,457
|Name|Jon Kirchner|Robert Andersen|Paul Davis|Murali Dharan|Geir Skaaden
Option Awards|Number of Shares Acquired on Exercise (#)|—|—|—|—|—
|Value Realized on Exercise ($)|—|—|—|—|—
Stock Awards|Number of Shares Acquired on Vesting (#)|153,090|24,500|20,500|15,000|21,100
|Value Realized on Vesting ($)|3,428,285|578,806|482,680|330,120|500,804
|Cost of revenues—product sales:|Product costs|Software royalties, amortization, intellectual property licenses|Cost of revenues—subscription, licensing, and other revenues:|Game operations and distribution costs|Software royalties, amortization, intellectual property licenses|Total cost of revenues
Year Ended December 31, 2019||$656|240||965|233|$2,094
% of associated net revenues||33%|12||21|5|32%
Year Ended December 31, 2018||$719|371||1,028|399|$2,517
% of associated net revenues||32%|16||20|8|34%
Increase (Decrease)||$(63)|(131)||(63)|(166)|$(423)
Strategic objective|Growth*,**|||Efficiency*,**|||People and sustainability*||
Strategic objective weighting|60%|||10%|||30%||
Key performance indicator|Sales volume growth|Absolute gross margin|PBIT|Cost savings initiatives|Net working capital||Quality|Safety (LTIFR)|BBBEE score
Key performance indicator weighting|10%|10%|40%|5%|5%||10%|10%|10%
Score = 50%|40,0%|96,8%|98,6%|98,6%|101,2%|Reduction in execution-related marketplace incidents year-on-year by|10%|120,0%|Level 7 (60 to 61)
Score = 100%|100,0%|100,0%|100,0%|100,0%|100,0%||15%|100,0%|Level 7 (61.1 to 65)
Score = 200%|140,0%|103,6%|103,6%|123,4%|97,7%||20%|80,0%|Level 6
USDm|Vessels and capitalized dry-docking|Cost:|Balance as of 1 January|Additions|Disposals|Transferred from prepayments|Transferred to assets held for sale|Balance as of 31 December|Depreciation:|Balance as of 1 January|Disposals|Depreciation for the year|Transferred to assets held for sale|Balance as of 31 December|Impairment:|Balance as of 1 January|Impairment losses on tangible fixed assets|Reversal of impairment ¹⁾|Transferred to assets held for sale|Balance as of 31 December|Carrying amount as of 31 December
2019|||1,886.3|81.3|-25.6|252.3|-130.1|2,064.2||327.6|-25.6|106.5|-47.9|360.6||162.1|6.0|-120.0|-19.3|28.8|1,674.8
2018|||1,726.6|162.7|-30.2|81.8|-54.6|1,886.3||264.8|-30.2|113.4|-20.4|327.6||167.3|3.2|-|-8.4|162.1|1,396.6
2017|||1,697.4|103.1|-14.3|-|-59.6|1,726.6||180.0|-14.3|113.6|-14.5|264.8||173.6|3.6|-|-9.9|167.3|1,294.5
($ in millions)|For the year ended December 31:|Cloud & Cognitive Software|External gross profit|External gross profit margin|Pre-tax income|Pre-tax margin
|2018*||$17,224|77.6%|$8,882|35.0%
|2017*||$16,986|78.1%|$8,068|32.4%
|Yr.-to-Yr. Percent/ Margin Change||1.4%|(0.5)pts.|10.1%|2.6pts.
The total amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate is $68.2. Interest and penalties related to unrecognized tax benefits were $1.8 in 2019 and are classified as a component of income tax expense. Accrued interest and penalties were $8.7 at December 31, 2019 and $6.9 at December 31, 2018. During the next twelve months, it is reasonably possible that the unrecognized tax benefits may decrease by a net $6.3, mainly due to anticipated statute of limitations lapses in various jurisdictions.
|Beginning balance|Additions for tax positions of prior periods|Additions for tax positions of the current period|Additions due to acquisitions|Reductions for tax positions of prior periods|Reductions attributable to settlements with taxing authorities|Reductions attributable to lapses of applicable statute of limitations|Ending balance
2019|$ 63.6|2.9|4.2|1.9|(0.3)|—|(2.5)|$ 69.8
2018|$ 52.2|2.4|6.9|4.4|(0.4)|—|(1.9)|$ 63.6
2017|$ 38.7|24.8|4.2|—|(11.2)|(1.5)|(2.8)|$ 52.2
||Beginning balance|Initial obligation from transfer of Charged-Off Receivables(1)|Fair value changes recognized in other gains (losses), net(2)|Ending balance
|2019|$3,016|2,705|(1,925)|$3,796
Year Ended December 31,|2018|$2,071|2,461|(1,516)|$3,016
|2017|$—|2,379|(308)|$2,071
Performance Shares|Nonvested performance shares at May 27, 2018|Granted|Adjustments for performance results attained and dividend equivalents|Vested/Issued .|Forfeited .|Nonvested performance shares at May 26, 2019
Share Units (in Millions)|1.00|0.45|0.18|(0.43)|(0.05)|1.15
Weighted Average Grant-Date Fair Value|$33.40|$35.96|$31.03|$31.03|$34.54|$34.89
||Revenue by Region:|– Americas|– EMEA|– APJ||Revenue by Product:|– Network|– Enduser|– Other||Revenue by Type:|– Subscription|– Hardware|– Other|
FY19|$m (Reported)||253.3|363.6|93.7|710.6||328.5|348.4|33.7|710.6||593.9|106.8|9.9|710.6
FY18¹|$m (Reported)||223.6|324.5|90.9|639.0||316.5|291.8|30.7|639.0||512.4|115.1|11.5|639.0
Growth %|(Reported)||13.3|12.0|3.1|11.2||3.8|19.4|9.8|11.2||15.9|(7.2)|(13.9)|11.2
Growth %|(CC)||13.4|12.7|6.2|12.0||4.7|20.2|10.0|12.0||16.7|(6.3)|(12.8)|12.0
|||Sales, net|Gross Profit|Restructuring Expense|Operating income|Income from continuing operations, net of income taxes|Loss (income) from discontinued operations, net of income taxes|Net Income|Income from continuing operations attributable to noncontrolling interest|Net income attributable to Advanced Energy Industries, Inc.|Earnings (Loss) Per Share:|Continuing Operations:|Basic earnings per share|Diluted earnings per share|Discontinued Operations:|Basic loss per share|Diluted loss per share|Net Income:|Basic earnings per share|Diluted earnings per share
|December 31,|2018|$154,161|$  75,188|$  3,836|$  19,570|$  19,222|$  188|$19,410|$  4|$  19,406|||$0.50|$0.50||$  —|$  —||$ 0.51|$0.50
Quarter Ended|September 30,|2018|$173,082|$  85,539|$  403|$  39,862|$  35,157|$  (371)|$34,786|$  7|$34,779|||$0.90|$0.90||$  (0.01)|$  (0.01)||$  0.89|$0.89
|June 30,|2018|$196,032|$ 101,235|$ —|$ 56,018|$ 46,400|$ 5|$46,405|$ 44|$46,361|||$1.18|$1.17||$ —|$ —||$ 1.18|$1.17
|March 31,|2018|$195,617|$ 103,645|$ —|$ 56,103|$ 46,370|$ 140|$46,510|$ 31|$ 46,479|||$1.17|$1.16||$ —|$ —||$1.17|$1.16
As of December 31, 2019, the Company had net operating loss carry-forwards for federal income tax purposes of approximately $18.3 million, consisting of pre-2018 losses in the amount of approximately $14.3 million that expire from 2020 through 2037, and post-2017 losses in the amount of approximately $4 million that never expire. These net operating losses are available to offset future taxable income. The Company was formed in 2006 as a limited liability company and changed to a corporation in 2007. Activity prior to incorporation is not reflected in the Company’s corporate tax returns. In the future, the cumulative net operating loss carry-forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.
|Federal income tax benefit (expense) attributable to:        |Current operations |Acquisition costs  |Change in fair value of contingent consideration  |Other permanent items  |Deferred Adjustment  |Valuation allowance  |Net provision for federal income tax 
2019||$848,000|(143,000)|(133,000)|29,000|(913,000)|1,209,960|$897,960
2018||$(48,000)|-|-|(36,000)|-|84,000|$-
|||Taxation|Tax impact of:|Non-underlying items within operating profit(b)|Non-underlying items not in operating profit  Taxation before tax impact of non-underlying|Taxation before tax impact of non-underlying|Profit before taxation|Non-underlying items within operating profit before tax(b)|Non-underlying items not in operating profit but within net profit before tax(c)|Share of net (profit)/loss of joint ventures and associates|Profit before tax excluding non-underlying items before tax and share of net profit/ (loss) of joint ventures and associates|Underlying effective tax rate
€ million|2019||2,263||309|(196)|2,376|8,289|1,239|(32)|(176)|9,320|25.5%
€ million|2018|(Restated)(a)|2,572||(259)|(29)|2,284|12,360|(3,176)|(122)|(185)|8,877|25.7%
General Brokerage Services Pty Ltd, Energy Watch Trading Pty Ltd, Procure Power Pty Ltd and Energy Watch Services Pty Ltd entered into the Deed on 1 July 2014, the date they were acquired as part of the Energy Watch Group acquisition. iSelect International entered the Deed on 8 September 2014. The effect of the Deed is that iSelect Limited guarantees to each creditor payment in full of any debt in the event of winding up any of the entities in the Closed Group.