FangyuLei/tatqa huggingface dataset:
€ millions, unless otherwise stated
2019
2018
2017
Profit before tax
4,596
5,600
5,029
Tax expense at applicable tax rate of 26.4% rate of 26.4% (2018: 26.4%; 2017: 26.4%)
1,212
1,478
1,327
Tax effect of:
Foreign tax rates
–209
–147
–403
Changes in tax laws and tax rates
10
0
–212
Non-deductible expenses
116
106
82
Tax-exempt income
–93
–38
–95
Withholding taxes
138
91
131
Research and development and foreign tax credits
–89
–33
–26
Prior-year taxes
80
–17
–26
Reassessment of deferred tax assets, research and development tax credits, and foreign tax credits
48
58
185
Other
13
13
20
Total income tax expense
1,226
1,511
983
Effective tax rate (in %)
26.7
27.0
19.5
the following table reconciles the expected income tax expense computed by applying our combined german tax rate of 26 .
4 % -2018 : 26 .
4 % ; 2017 : 26 .
4 % to the actual income tax expense .
our 2019 combined german tax rate includes a corporate income tax rate of 15 .
0 % -2018 : 15 .
0 % ; 2017 : 15 .
0 % plus a solidarity surcharge of 5 .
5 % -2018 : 5 .
5 % ; 2017 : 5 .
5 % thereon and trade taxes of 10 .
6 % -2018 : 10 .
6 % ; 2017 : 10 .
6 % .
relationship between tax expense and profit before tax .

Question: In which years was the Relationship Between Tax Expense and Profit Before Tax analyzed?
Answer: 2019 2018 2017
2019
2018
2017
Net sales:      
AMER 
$1,429,308
$1,218,944
$1,166,346
APAC 
1,557,205
1,498,010
1,279,261
EMEA 
309,933
281,489
192,829
Elimination of inter-segment sales 
(132,012)
(124,935)
(110,384)
3,164,434
2,873,508
2,528,052
Operating income (loss):
AMER
$57,780
$38,637
$41,924
APAC
208,178
213,935
200,103
EMEA
4,475
1,447
(6,197)
Corporate and other costs
(128,378)
(135,736)
(105,922)
$142,055
$118,283
$129,908
Other income (expense):
Interest expense
$(12,853)
$(12,226)
$(13,578)
Interest income
1,949
4,696
5,042
Miscellaneous, net
(5,196)
(3,143)
451
Income before income taxes
$125,955
$107,610
$121,823
11 .
reportable segments geographic information and major customers .
reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker or group in assessing performance and allocating resources .
the company uses an internal management reporting system which provides important financial data to evaluate performance and allocate the company ’ s resources on a regional basis .
net sales for the segments are attributed to the region in which the product is manufactured or the service is performed .
the services provided manufacturing processes used class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments .
a segment ’ s performance is evaluated based upon its operating income -loss .
a segment ’ s operating income -loss includes its net sales less cost of sales and selling and administrative expenses but excludes corporate and other expenses .
corporate and other expenses fiscal 2019 and the $ 13 .
5 million one-time employee bonus paid to full-time non-executive employees during fiscal 2018 due to the company ' s ability to access overseas cash as a result of tax reform -the " one-time employee bonus " .
these costs are not allocated to the segments as management excludes such costs when assessing the performance of the segments .
inter-segment transactions are generally recorded at amounts that approximate arm ’ s length transactions .
the accounting policies for the segments are the same as for the company taken as a whole .
information about the company ’ s three reportable segments for fiscal 2019 2018 and 2017 is as follows -in thousands : .

Question: What was the percentage change in the total net sales between 2018 and 2019?
Answer: 10.12
(in thousands of $)
2019
2018
2017
The Cool Pool (i)
39,666
151,152
59,838
Magni Partners (ii)
(858)
(375)
(260)
Borr Drilling (iii)
542
—
—
2020 Bulkers (iv)
265
—
—
Total
39,615
150,777
59,578
d transaction with other related parties : .
net revenues / -expenses : the transactions with other related parties for the years ended december 31 2019 2018 and 2017 consisted of the following : .
-i the cool pool - on july 8 2019 gaslog ' s vessel charter contracts had concluded and withdrew their participation from the cool pool .
following gaslog ' s departure we assumed sole responsibility for the management of the cool pool and consolidate the cool pool .
from point of consolidation the cool pool ceased to be a related party .
-ii magni partners - tor olav tr ø im is the founder of and partner in magni partners -bermuda limited a privately held bermuda company and is the ultimate beneficial owner of the company .
receivables and payables from magni partners comprise primarily of the cost -without mark-up or part cost of personnel employed by magni partners who have providedadvisory and management services to golar .
these costs do not include any payment for any services provided by tor olav tr ø im himself .
iii borr drilling - tor olav tr ø im is the founder and director of borr drilling a bermuda company listed on the oslo and nasdaq stock exchanges .
receivables comprise primarily of management and administrative services provided by our bermuda corporate office .
iv 2020 bulkers - 2020 bulkers is a related party by virtue of common directorships .
receivables comprise primarily of management and administrative services provided by our bermuda corporate office .

Question: In which years was the transaction with other related parties recorded for?
Answer: 2019 2018 2017
2019
2018 (Restated)1
Note
£m
£m
Profit for the year
197.7
171.1
Other comprehensive income
Items that may be subsequently reclassified to profit or loss
Exchange differences on translation of foreign operations
(0.1)
0.2
Items that will not be reclassified to profit or loss
Remeasurements of post-employment benefit obligations
24
0.2
–
Other comprehensive income for the year, net of tax
0.1
0.2
Total comprehensive income for the year attributable to equity holders of the parent
197.8
171.3
consolidated statement of comprehensive income .
for the year ended 31 march 2019 .
1 the group has adopted ifrs 9 ‘ financial instruments ’ ifrs 15 ‘ revenue from contracts with customers ’ and ifrs 16 ‘ leases ’ from 1 april 2018 .
the year ended 31 march 2018 has been restated for ifrs 16 which was implemented using the fully retrospective method .
for further information on the impact of the change in accounting policies see note 2 of these consolidated financial statements .

Question: What have the values in the 2018 column been restated for?
Answer: for IFRS 16 which was implemented using the fully retrospective method
2019
(In thousands)
Network Solutions
Services & Support
Total
Access & Aggregation
$289,980
$58,894
$348,874
Subscriber Solutions & Experience (1)
144,651
8,269
152,920
Traditional & Other Products
20,595
7,672
28,267
Total
$455,226
$74,835
$530,061
sales by category .
in addition to the above reporting segments we also report revenue for the following three categories – -1 access & aggregation -2 subscriber solutions & experience and -3 traditional & other products .
the following tables disaggregates our revenue by major source for the years ended december 31 2019 2018 and 2017 : .
-1 subscriber solutions & experience was formerly reported as customer devices .
with the increasing focus on enhancing the customer experience for both our business and consumer broadband customers and the addition of smartrg during the fourth quarter of 2018 subscriber solutions & experience more accurately represents this revenue category .

Question: What was Subscriber Solutions & Experience formerly reported as?
Answer: Customer Devices.
Fiscal Years
Fiscal Years
Fiscal Years
2019
2018
2017
Expected life (months)
6.0
6.0
6.1
Risk-free interest rate
2.37%
2.26%
1.22%
Volatility
54%
50%
53%
employee stock purchase plan .
the weighted average estimated fair value as defined by the amended authoritative guidance of rights issued pursuant to the company ’ s espp during 2019 2018 and 2017 was $ 4 .
28 $ 5 .
18 and $ 6 .
02 respectively .
sales under the espp were 24131 shares of common stock at an average price per share of $ 9 .
76 for 2019 31306 shares of common stock at an average price per share of $ 15 .
40 for 2018 and 38449 shares of common stock at an average price per share of $ 12 .
04 for 2017 .
as of december 29 2019 62335 shares under the 2009 espp remained available for issuance .
the company recorded compensation expenses related to the espp of $ 60000 $ 205000 and $ 153000 in 2019 2018 and 2017 respectively .
the fair value of rights issued pursuant to the company ’ s espp was estimated on the commencement date of each offering period using the following weighted average assumptions : .
the methodologies for determining the above values were as follows : .
• expected term : the expected term represents the length of the purchase period contained in the espp .
• risk-free interest rate : the risk-free interest rate assumption is based upon the risk-free rate of a treasury constant maturity bond with a maturity appropriate for the term of the purchase period .
• volatility : the company determines expected volatility based on historical volatility of the company ’ s common stock for the term of the purchase period .
• dividend yield : the expected dividend assumption is based on the company ’ s intent not to issue a dividend under its dividend policy .

Question: What is the average risk-free interest rate of the company's ESPP in 2017 and 2018?
Answer: 1.74
2019
2018
Total cash provided by (used in) continuing operations:
Operating activities
$168,405
$104,055
Investing activities
(13,819)
65,661
Financing activities
(5,730)
(445,529)
Net increase (decrease) in cash from continuing operations
$148,856
$(275,813)
the table below summarizes our cash flows from continuing operations activities for each of the last two fiscal years -in thousands : .
operating activities .
operating cash flows increased $ 64 .
4 million in 2019 compared with 2018 primarily due to favorable changes in working capital of $ 37 .
0 million primarily due to lower income tax payments of $ 41 .
3 million and higher net income adjusted for non-cash items of $ 27 .
3 million .
pension and postretirement contributions — our policy is to fund our pension plans at or above the minimum required by law .
as of january 1 2019 the date of our last actuarial funding valuation for our qualified pension plan there was no minimum contribution funding requirement .
in 2019 and 2018 we contributed $ 6 .
2 million and $ 5 .
5 million respectively to our pension and postretirement plans .
we do not anticipate making any contributions to our qualified defined benefit pension plan in fiscal 2020 .
for additional information refer to note 12 retirement plans of the notes to the consolidated financial statements .

Question: How much money was contributed to the pension and postretirement plan in 2019?
Answer: $6.2 million
2019
2018
£m
£m
Salaries and short-term benefits
4.1
3.7
Post-retirement benefits
0.5
0.4
Share-based payments
1.7
1.3
Total Directors' remuneration
6.3
5.4
8 directors ’ emoluments .
directors represent the key management personnel of the group under the terms of ias 24 -related party disclosures .
total remuneration is shown below .
further details of salaries and short-term benefits post-retirement benefits share plans and long-term share incentive plans are shown in the annual report on remuneration 2019 on pages 102 to 132 .
the share-based payments charge comprises a charge in relation to the performance share plan and the employee share ownership plan -as described in note 23 .

Question: What was the change in the total directors' remuneration in 2019 from 2018?
Answer: 0.9
July 27, 2019
July 28, 2018
Increase (Decrease)
Cash and cash equivalents .
$11,750
$8,934
$2,816
Available-for-sale debt investments
21,660
37,009
(15,349)
Marketable equity securities
3
605
(602)
Total
$33,413
$46,548
$(13,135)
balance sheet and cash flows .
cash and cash equivalents and investments the following table summarizes our cash and cash equivalents and investments -in millions : .
the net decrease in cash and cash equivalents and investments from fiscal 2018 to fiscal 2019 was primarily driven by cash returned to shareholders in the form of repurchases of common stock of $ 20 .
7 billion under the stock repurchase program and cash dividends of $ 6 .
0 billion net cash paid for acquisitions and divestitures of $ 2 .
2 billion a net decrease in debt of $ 1 .
1 billion and capital expenditures of $ 0 .
9 billion .
these uses of cash were partially offset by cash provided by operating activities of $ 15 .
8 billion and the timing of settlements of investments and other of $ 2 .
0 billion .
in addition to cash requirements in the normal course of business on july 9 2019 we announced our intent to acquire acacia communications inc .
- “ acacia ” for a purchase consideration of approximately $ 2 .
6 billion in cash .
additionally $ 0 .
7 billion of the u .
s .
transition tax on accumulated earnings for foreign subsidiaries $ 6 .
0 billion of long-term debt and $ 4 .
2 billion of commercial paper notes outstanding at july 27 2019 are payable within the next 12 months from the balance sheet date .
see further discussion of liquidity and future payments under “ contractual obligations ” and “ liquidity and capital resource requirements ” below .
we maintain an investment portfolio of various holdings types and maturities .
we classify our investments as short-term investments based on their nature and their availability for use in current operations .
we believe the overall credit quality of our portfolio is strong with our cash equivalents and our available-for-sale debt investment portfolio consisting primarily of high quality investment-grade securities .
we believe that our strong cash and cash equivalents and investments position allows us to use our cash resources for strategic investments to gain access to new technologies for acquisitions for customer financing activities for working capital needs and for the repurchase of shares of common stock and payment of dividends as discussed below .

Question: What was the increase (decrease) in available-for-sale debt investments?
Answer: (15,349)
2019
2018
Profit for the period attributable to equity holders as reported under IFRS (£m)
166.6
223.1
Items excluded from adjusted operating profit disclosed above (£m)
37.7
(34.2)
Tax effects on adjusted items (£m)
(8.5)
(5.0)
Adjusted profit for the period attributable to equity holders (£m)
195.8
183.9
Weighted average shares (million)
73.7
73.6
Basic adjusted earnings per share
265.7p
250.0p
Diluted weighted average shares (million)
73.9
73.8
Diluted adjusted earnings per share
264.9p
249.1p
adjusted earnings per share .
basic adjusted earnings per share is defined as adjusted profit for the period attributable to equity holders divided by the weighted average number of shares .
diluted adjusted earnings per share is defined as adjusted profit for the period attributable to equity holders divided by the diluted weighted average number of shares .
basic and diluted eps calculated on an ifrs profit basis are included in note 10 .

Question: How is diluted adjusted earnings per share defined as?
Answer: adjusted profit for the period attributable to equity holders divided by the diluted weighted average number of shares
Fiscal Quarter
High Sale
Low Sale
2019
First Quarter
$8.95
$7.30
Second Quarter
11.38
7.80
Third Quarter
13.38
9.60
Fourth Quarter
13.52
10.80
2018
First Quarter
$10.76
$ 7.91
Second Quarter
10.00
7.53
Third Quarter
9.94
8.66
Fourth Quarter
10.59
8.55
market prices of common stock .
the common stock of the company is listed on the nasdaq global market under the symbol “ feim .
” .

Question: What is the high sale and low sale of the first quarter of 2019 respectively?
Answer: $8.95 $7.30
Years ended December 31,
Years ended December 31,
2019
2018
Deferred license fees revenues
$28
$-
Deferred NRE revenues
20
-
Deferred AirBar revenues
6
59
Deferred sensor modules revenues
13
16
$67
$75
deferred revenues .
deferred revenues consist primarily of prepayments for license fees and other products or services for which we have been paid in advance and earn the revenue when we transfer control of the product or service .
deferred revenues may also include upfront payments for consulting services to be performed in the future such as non-recurring engineering services .
we defer license fees until we have met all accounting requirements for revenue recognition which is when a license is made available to a customer and that customer has a right to use the license .
engineering development fee revenues are deferred until engineering services have been completed and accepted by our customers .
we defer airbar and sensor modules revenues until distributors sell the products to their end customers .
under u .
s .
gaap companies may make reasonable aggregations and approximations of returns data to accurately estimate returns .
our airbar and sensor module returns and warranty experience to date has enabled us to make reasonable returns estimates which are supported by the fact that our product sales involve homogenous transactions .
the reserve for future sales returns is recorded as a reduction of our accounts receivable and revenue and was insignificant as of december 31 2019 and 2018 .
the following table presents our deferred revenues by source -in thousands ; .

Question: What is the percentage change of deferred sensor module revenues from 2018 to 2019?
Answer: -18.75
$ million
2019
%
2018
%
Networks & Security
232.3
72.6
205.3
72.0
Lifecycle Service Assurance
88.6
79.7
87.9
77.9
Connected Devices
47.7
65.8
51.3
64.9
368.6
73.2
344.5
72.2
gross margin .
the group achieved further gross margin expansion in 2019 with an increase of 1 .
0 percentage points to 73 .
2 per cent from 72 .
2 per cent in 2018 .
this followed an increase of 0 .
7 percentage points last year .
once again all the operating segments achieved an improvement in gross margin benefiting from new product launches and a higher proportion of software sales .

Question: What was the gross margin in 2019?
Answer: 368.6
USDm
2019
2018
Fair value of derivatives:
Derivative financial instruments regarding freight and bunkers:
Forward freight agreements
-0.3
0.5
Bunker swaps
-
-1.2
Derivative financial instruments regarding interest and currency exchange rate:
Forward exchange contracts
-0.4
-1.8
Interest rate swaps
-11.1
2.8
Fair value of derivatives as of 31 December
-11.8
0.3
note 19 – derivative financial instruments .
please refer to note 21 “ financial instruments ” for further information on fair value hierarchies .

Question: What was the percentage change in interest rate swaps from 2018 to 2019?
Answer: -496.43
Year Ended December 31,
Year Ended December 31,
2019
2018
$
$
Fair value at the beginning of the year
12,026
30,749
Fair value on acquisition/issuance
—
2,330
Unrealized gain (loss) included in earnings
26,900
(21,053)
Realized loss included in earnings
(25,559)
—
Settlements
(13,367)
—
Fair value at the end of the year
—
12,026
stock purchase warrants .
prior to the 2019 brookfield transaction teekay held 15 .
5 million common unit warrants -or the brookfield transaction warrants issued by altera to teekay in connection with the 2017 brookfield transaction -see note 4 and 1755000 warrants to purchase common units of altera issued to teekay in connection with altera ' s private placement of series d preferred units in june 2016 -or the series d warrants .
in may 2019 teekay sold to brookfield all of the company ’ s remaining interests in altera which included among other things both the brookfield transaction warrants and series d warrants .
changes in fair value during the years ended december 31 2019 and 2018 for the company ’ s brookfield transaction warrants and the series d warrants which were measured at fair value using significant unobservable inputs -level 3 are as follows : .
-all tabular amounts stated in thousands of u .
s .
dollars other than share data and unless otherwise indicated .

Question: What is the average Fair value on acquisition/issuance for 2018 and 2019?
Answer: 1165
April 26, 2019
April 26, 2018
Cash
$ 2,216
$ 2,727
Cash equivalents
109
214
Cash and cash equivalents
$ 2,325
$ 2,941
Short-term restricted cash
5
5
Long-term restricted cash
1
1
Restricted cash
$ 6
$ 6
Cash, cash equivalents and restricted cash
$ 2,331
$ 2,947
6 .
supplemental financial information .
cash and cash equivalents -in millions : .
the following table presents cash and cash equivalents as reported in our consolidated balance sheets as well as the sum of cash cash equivalents and restricted cash as reported on our consolidated statement of cash flows in accordance with our adoption of the asu discussed in note 1 – description of business and significant accounting policies .

Question: What was the percentage change in Cash, cash equivalents and restricted cash between 2018 and 2019?
Answer: -20.9
Taxation
2019 €m
2018 €m
Income tax (expense)/credit:
(1,496)
879
Tax on adjustments to derive adjusted profit before tax
(206)
(188)
Deferred tax following revaluation of investments in Luxembourg
(488)
(330)
Luxembourg deferred tax asset recognised
–
(1,603)
Deferred tax on use of Luxembourg losses in the year
320
304
Tax on the Safaricom transaction
–
110
Derecognition of a deferred tax asset in Spain
1,166
–
Adjusted income tax expense for calculating adjusted tax rate1
(704)
(828)
Loss)/profit before tax
(2,613)
3,878
Adjustments to derive adjusted profit before tax (see earnings per share)
5,149
530
Adjusted profit before tax1
2,536
4,408
Share of adjusted results in associates and joint ventures
348
(389)
Adjusted profit before tax for calculating adjusted effective tax rate
2,884
4,019
Adjusted effective tax rate1
24.4%
20.6%
note : 1 see “ alternative performance measures ” on page 231 for further details and reconciliations to the respective closest equivalent gaap measure .
the group ’ s adjusted effective tax rate for its controlled businesses for the year ended 31 march 2019 was 24 .
4 % compared to 20 .
6 % for the last financial year .
the higher rate in the current year is primarily due to a change in the mix of the group ’ s profit driven by the financing for the liberty global transaction .
the tax rate in the prior year also reflected the consequences of closing tax audits in germany and romania .
we expect the group ’ s adjusted effective tax rate to remain in the low-mid twenties range for the medium term .
the group ’ s adjusted effective tax rate for both years does not include the following items : the derecognition of a deferred tax asset in spain of € 1166 million -2018 : € nil ; deferred tax on the use of luxembourg losses of € 320 million -2018 : € 304 million ; an increase in the deferred tax asset of € 488 million -2018 : € 330 million arising from a revaluation of investments based upon the local gaap financial statements and tax returns .
the group ’ s adjusted effective tax rate for the year ended 31 march 2018 does not include the recognition of a deferred tax asset of € 1603 million due to higher interest rates ; and a tax charge in respect of capital gains on the transfer of share in vodafone kenya limited to the vodacom group of € 110 million .

Question: How much is the income tax expense/credit in 2019?
Answer: (1,496)