aveni-ai/aveni-bench-tat-qa huggingface dataset:
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows: (a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.

Estimated Fair Value Measurements

Recurring Fair Value Measurements	Level 1	Level 2	Level 3	Total Fair Value

June 30, 2019

Financial Assets:

Money market funds	$81,945	$—	$—	$81,945

June 30, 2018

Financial Assets:

Money market funds	$14,918	$—	$—	$14,918

Non-Recurring Fair Value Measurements

June 30, 2019

Long-lived assets held for sale	$—	$1,300	$—	$1,300

June 30, 2018

Long-lived assets held for sale (a)	$—	$1,300	$—	$1,300

Question: Which 3 levels are shown in the table?
Answer: Level 1; Level 2; Level 3
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows: (a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.

Estimated Fair Value Measurements

Recurring Fair Value Measurements	Level 1	Level 2	Level 3	Total Fair Value

June 30, 2019

Financial Assets:

Money market funds	$81,945	$—	$—	$81,945

June 30, 2018

Financial Assets:

Money market funds	$14,918	$—	$—	$14,918

Non-Recurring Fair Value Measurements

June 30, 2019

Long-lived assets held for sale	$—	$1,300	$—	$1,300

June 30, 2018

Long-lived assets held for sale (a)	$—	$1,300	$—	$1,300

Question: What is the total fair value of money market funds as at June 30, 2019
Answer: $81,945
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows: (a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.

Estimated Fair Value Measurements

Recurring Fair Value Measurements	Level 1	Level 2	Level 3	Total Fair Value

June 30, 2019

Financial Assets:

Money market funds	$81,945	$—	$—	$81,945

June 30, 2018

Financial Assets:

Money market funds	$14,918	$—	$—	$14,918

Non-Recurring Fair Value Measurements

June 30, 2019

Long-lived assets held for sale	$—	$1,300	$—	$1,300

June 30, 2018

Long-lived assets held for sale (a)	$—	$1,300	$—	$1,300

Question: What is the total fair value of money market funds as at June 30, 2018?
Answer: $14,918
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows: (a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.

Estimated Fair Value Measurements

Recurring Fair Value Measurements	Level 1	Level 2	Level 3	Total Fair Value

June 30, 2019

Financial Assets:

Money market funds	$81,945	$—	$—	$81,945

June 30, 2018

Financial Assets:

Money market funds	$14,918	$—	$—	$14,918

Non-Recurring Fair Value Measurements

June 30, 2019

Long-lived assets held for sale	$—	$1,300	$—	$1,300

June 30, 2018

Long-lived assets held for sale (a)	$—	$1,300	$—	$1,300

Question: Between 2018 and 2019 year end, which year has a higher total fair value of money market funds?
Answer: 2019
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows: (a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.

Estimated Fair Value Measurements

Recurring Fair Value Measurements	Level 1	Level 2	Level 3	Total Fair Value

June 30, 2019

Financial Assets:

Money market funds	$81,945	$—	$—	$81,945

June 30, 2018

Financial Assets:

Money market funds	$14,918	$—	$—	$14,918

Non-Recurring Fair Value Measurements

June 30, 2019

Long-lived assets held for sale	$—	$1,300	$—	$1,300

June 30, 2018

Long-lived assets held for sale (a)	$—	$1,300	$—	$1,300

Question: What is the average total fair value of long-lived assets held for sale for 2018 and 2019?
Answer: 1300
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS For cash equivalents, amounts receivable or payable and short-term borrowings, fair values approximate carrying value, based on the short-term nature of the assets and liabilities. The Company’s estimates of the fair value for financial assets and financial liabilities are based on the framework established in the fair value accounting guidance. The framework is based on the inputs used in valuation, gives the highest priority to quoted prices in active markets, and requires that observable inputs be used in the valuations when available. The three levels of the hierarchy are as follows: Level 1: inputs to the valuation are quoted prices in an active market for identical assets Level 2: inputs to the valuation include quoted prices for similar assets in active markets that are observable either directly or indirectly Level 3: valuation is based on significant inputs that are unobservable in the market and the Company’s own estimates of assumptions that it believes market participants would use in pricing the asset Fair value of financial assets, included in cash and cash equivalents, and financial liabilities is as follows: (a) In accordance with ASC Subtopic 360-10, long-lived assets held for sale with a carrying value of $4,575 were written down to their fair value of $1,300, resulting in an impairment totaling $3,275, which was included in earnings for the fiscal year ended June 30, 2017. The Company has entered into an agreement to sell these assets. That sale is expected to be completed during the second quarter of fiscal 2020.

Estimated Fair Value Measurements

Recurring Fair Value Measurements	Level 1	Level 2	Level 3	Total Fair Value

June 30, 2019

Financial Assets:

Money market funds	$81,945	$—	$—	$81,945

June 30, 2018

Financial Assets:

Money market funds	$14,918	$—	$—	$14,918

Non-Recurring Fair Value Measurements

June 30, 2019

Long-lived assets held for sale	$—	$1,300	$—	$1,300

June 30, 2018

Long-lived assets held for sale (a)	$—	$1,300	$—	$1,300

Question: What is the change in total fair value of long-lived assets held for sale between 2018 and 2019?
Answer: 0
B. Remuneration to other directors: * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019. @ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company.

(` lakh)

Particulars of Remuneration	Sitting Fees for attending board/ committee meetings	Commission	Others, please specify	Total Amount

1. Independent Directors

Aman Mehta	4.80	315.00	-	319.80

V Thyagarajan*	3.00	100.00	-	103.00

Prof Clayton M Christensen**	0.30	75.00	-	75.30

Dr Ron Sommer	5.10	220.00	-	225.10

O P Bhatt	7.50	215.00	-	222.50

Dr Pradeep Kumar Khosla	2.10	150.00	-	152.10

Hanne Sorensen***	0.60	50.00	-	50.60

Keki Mistry***	0.60	50.00	-	50.60

Don Callahan****	0.30	35.00	-	35.30

Total (1)	24.30	1,210.00	-	1,234.30

2. Other Non-Executive Directors

N Chandrasekaran@	3.60	-	-	3.60

Aarthi Subramanian@@	5.70	-	-	5.70

Total (2)	9.30	-	-	9.30

Total (B)=(1+2)	33.60	1,210.00	-	1,243.60

Total Managerial Remuneration

Ceiling as per the Act (@1% of profits calculated under Section 198 of the Companies Act, 2013)	40,434.81

Question: What is the Sitting Fees for attending board/ committee meetings for Aman Mehta?
Answer: 4.80
B. Remuneration to other directors: * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019. @ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company.

(` lakh)

Particulars of Remuneration	Sitting Fees for attending board/ committee meetings	Commission	Others, please specify	Total Amount

1. Independent Directors

Aman Mehta	4.80	315.00	-	319.80

V Thyagarajan*	3.00	100.00	-	103.00

Prof Clayton M Christensen**	0.30	75.00	-	75.30

Dr Ron Sommer	5.10	220.00	-	225.10

O P Bhatt	7.50	215.00	-	222.50

Dr Pradeep Kumar Khosla	2.10	150.00	-	152.10

Hanne Sorensen***	0.60	50.00	-	50.60

Keki Mistry***	0.60	50.00	-	50.60

Don Callahan****	0.30	35.00	-	35.30

Total (1)	24.30	1,210.00	-	1,234.30

2. Other Non-Executive Directors

N Chandrasekaran@	3.60	-	-	3.60

Aarthi Subramanian@@	5.70	-	-	5.70

Total (2)	9.30	-	-	9.30

Total (B)=(1+2)	33.60	1,210.00	-	1,243.60

Total Managerial Remuneration

Ceiling as per the Act (@1% of profits calculated under Section 198 of the Companies Act, 2013)	40,434.81

Question: What is the Sitting Fees for attending board/ committee meetings for V Thyagarajan?
Answer: 3.00
B. Remuneration to other directors: * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019. @ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company.

(` lakh)

Particulars of Remuneration	Sitting Fees for attending board/ committee meetings	Commission	Others, please specify	Total Amount

1. Independent Directors

Aman Mehta	4.80	315.00	-	319.80

V Thyagarajan*	3.00	100.00	-	103.00

Prof Clayton M Christensen**	0.30	75.00	-	75.30

Dr Ron Sommer	5.10	220.00	-	225.10

O P Bhatt	7.50	215.00	-	222.50

Dr Pradeep Kumar Khosla	2.10	150.00	-	152.10

Hanne Sorensen***	0.60	50.00	-	50.60

Keki Mistry***	0.60	50.00	-	50.60

Don Callahan****	0.30	35.00	-	35.30

Total (1)	24.30	1,210.00	-	1,234.30

2. Other Non-Executive Directors

N Chandrasekaran@	3.60	-	-	3.60

Aarthi Subramanian@@	5.70	-	-	5.70

Total (2)	9.30	-	-	9.30

Total (B)=(1+2)	33.60	1,210.00	-	1,243.60

Total Managerial Remuneration

Ceiling as per the Act (@1% of profits calculated under Section 198 of the Companies Act, 2013)	40,434.81

Question: What is the Sitting Fees for attending board/ committee meetings for O P Bhatt?
Answer: 7.50
B. Remuneration to other directors: * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019. @ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company.

(` lakh)

Particulars of Remuneration	Sitting Fees for attending board/ committee meetings	Commission	Others, please specify	Total Amount

1. Independent Directors

Aman Mehta	4.80	315.00	-	319.80

V Thyagarajan*	3.00	100.00	-	103.00

Prof Clayton M Christensen**	0.30	75.00	-	75.30

Dr Ron Sommer	5.10	220.00	-	225.10

O P Bhatt	7.50	215.00	-	222.50

Dr Pradeep Kumar Khosla	2.10	150.00	-	152.10

Hanne Sorensen***	0.60	50.00	-	50.60

Keki Mistry***	0.60	50.00	-	50.60

Don Callahan****	0.30	35.00	-	35.30

Total (1)	24.30	1,210.00	-	1,234.30

2. Other Non-Executive Directors

N Chandrasekaran@	3.60	-	-	3.60

Aarthi Subramanian@@	5.70	-	-	5.70

Total (2)	9.30	-	-	9.30

Total (B)=(1+2)	33.60	1,210.00	-	1,243.60

Total Managerial Remuneration

Ceiling as per the Act (@1% of profits calculated under Section 198 of the Companies Act, 2013)	40,434.81

Question: What is the amount of total commission as a percentage of the Ceiling as per Section 198 of the Companies Act?
Answer: 2.99
B. Remuneration to other directors: * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019. @ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company.

(` lakh)

Particulars of Remuneration	Sitting Fees for attending board/ committee meetings	Commission	Others, please specify	Total Amount

1. Independent Directors

Aman Mehta	4.80	315.00	-	319.80

V Thyagarajan*	3.00	100.00	-	103.00

Prof Clayton M Christensen**	0.30	75.00	-	75.30

Dr Ron Sommer	5.10	220.00	-	225.10

O P Bhatt	7.50	215.00	-	222.50

Dr Pradeep Kumar Khosla	2.10	150.00	-	152.10

Hanne Sorensen***	0.60	50.00	-	50.60

Keki Mistry***	0.60	50.00	-	50.60

Don Callahan****	0.30	35.00	-	35.30

Total (1)	24.30	1,210.00	-	1,234.30

2. Other Non-Executive Directors

N Chandrasekaran@	3.60	-	-	3.60

Aarthi Subramanian@@	5.70	-	-	5.70

Total (2)	9.30	-	-	9.30

Total (B)=(1+2)	33.60	1,210.00	-	1,243.60

Total Managerial Remuneration

Ceiling as per the Act (@1% of profits calculated under Section 198 of the Companies Act, 2013)	40,434.81

Question: Which independent director had the highest commission amount?
Answer: Aman Mehta
B. Remuneration to other directors: * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019. @ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company.

(` lakh)

Particulars of Remuneration	Sitting Fees for attending board/ committee meetings	Commission	Others, please specify	Total Amount

1. Independent Directors

Aman Mehta	4.80	315.00	-	319.80

V Thyagarajan*	3.00	100.00	-	103.00

Prof Clayton M Christensen**	0.30	75.00	-	75.30

Dr Ron Sommer	5.10	220.00	-	225.10

O P Bhatt	7.50	215.00	-	222.50

Dr Pradeep Kumar Khosla	2.10	150.00	-	152.10

Hanne Sorensen***	0.60	50.00	-	50.60

Keki Mistry***	0.60	50.00	-	50.60

Don Callahan****	0.30	35.00	-	35.30

Total (1)	24.30	1,210.00	-	1,234.30

2. Other Non-Executive Directors

N Chandrasekaran@	3.60	-	-	3.60

Aarthi Subramanian@@	5.70	-	-	5.70

Total (2)	9.30	-	-	9.30

Total (B)=(1+2)	33.60	1,210.00	-	1,243.60

Total Managerial Remuneration

Ceiling as per the Act (@1% of profits calculated under Section 198 of the Companies Act, 2013)	40,434.81

Question: What is the amount of total Sitting Fees as a percentage of Total Managerial Remuneration?
Answer: 2.7
The following table presents a reconciliation of revenue to constant currency revenue (in thousands, except for revenue growth): Total revenue growth declined to 7% in 2019 from 12% in 2018. Our growth rate can depend on a variety of factors, such as new customers, the size, volume, and complexity of our agreements with our customers, foreign currency movements, our ability to work with our customers to implement and deliver our products, our ability to upsell and renew our existing customers, the success of our alliance and partnership arrangements, and the expansion of our business through emerging markets. The decline in the growth rate of total revenue was driven by our strategic plan to transition away from one-time professional services and recommit our efforts to grow recurring revenue and free cash flows.

Year Ended December 31,

2019	2018	2017

Revenue	$576,523	$537,891	$481,985

Foreign exchange effect on current period revenue using prior year rates	7,077	(5,291)	5,865

Constant currency revenue	$583,600	$532,600	$487,850

Revenue growth	7.2%	11.6%	13.9%

Constant currency revenue growth	8.5%	10.5%	15.3%

Question: What was revenue growth rate in 2019?
Answer: 7.2%