aveni-ai/aveni-bench-tat-qa huggingface dataset:
4.4 Financial instruments and risk management (continued) Exposure to credit risk The carrying amount of financial assets subject to credit risk at reporting date are as follows: Managing our liquidity risks Liquidity risk is the risk that we will be unable to meet our financial obligations. The Group aims to maintain the level of its cash and cash equivalents at an amount to meet its financial obligations. The Group also monitors the level of expected cash inflows on trade receivables and contract assets together with expected cash outflows on trade and other payables through rolling forecasts. This excludes the potential impact of extreme circumstances that cannot reasonably be predicted. Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical region, or have economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political or other conditions. Concentrations indicate the relative sensitivity of the Group’s performance to developments affecting a particular industry. In order to avoid excessive concentrations of risk, the Group’s internal policies and procedures include specific guidelines to focus on maintaining a diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly. The Group’s non-derivative financial liabilities consist of trade payables expected to be settled within three months. At 30 June 2019, the carrying amount and contractual cash flows is $25,153,000 (2018: $33,978,000).

CONSOLIDATED

2019 $’000	2018 $’000

Cash and cash equivalents	21,956	33,045

Trade receivables and contract assets	22,989	28,710

Trail commission asset	114,078	102,920

Question: What is the percentage change in the trail commission asset from 2018 to 2019?
Answer: 10.84
Disaggregation of Revenue The Company operates in two business segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”). Revenue is disaggregated within these two business segments by diversified end-use markets and by geographical location. Comparative information of the Company’s overall revenues by end-use markets and geography for years ended June 30, 2019, 2018 and 2017 were as follows:

End-Use Market Data	Year Ended June 30,	Year Ended June 30,	Year Ended June 30,

($ in millions)	2019	2018	2017

Aerospace and Defense	$1,327.9	$1,182.3	$973.3

Medical	205.0	175.3	125.5

Energy	181.7	146.5	138.0

Transportation	157.7	157.0	143.9

Industrial and Consumer	371.5	364.9	298.2

Distribution	136.4	131.7	118.7

Total net sales	$2,380.2	$2,157.7	$1,797.6

Question: What are the business segments the company operates in?
Answer: Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”).
Disaggregation of Revenue The Company operates in two business segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”). Revenue is disaggregated within these two business segments by diversified end-use markets and by geographical location. Comparative information of the Company’s overall revenues by end-use markets and geography for years ended June 30, 2019, 2018 and 2017 were as follows:

End-Use Market Data	Year Ended June 30,	Year Ended June 30,	Year Ended June 30,

($ in millions)	2019	2018	2017

Aerospace and Defense	$1,327.9	$1,182.3	$973.3

Medical	205.0	175.3	125.5

Energy	181.7	146.5	138.0

Transportation	157.7	157.0	143.9

Industrial and Consumer	371.5	364.9	298.2

Distribution	136.4	131.7	118.7

Total net sales	$2,380.2	$2,157.7	$1,797.6

Question: What is the Aerospace and Defense value in 2019?
Answer: $1,327.9
Disaggregation of Revenue The Company operates in two business segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”). Revenue is disaggregated within these two business segments by diversified end-use markets and by geographical location. Comparative information of the Company’s overall revenues by end-use markets and geography for years ended June 30, 2019, 2018 and 2017 were as follows:

End-Use Market Data	Year Ended June 30,	Year Ended June 30,	Year Ended June 30,

($ in millions)	2019	2018	2017

Aerospace and Defense	$1,327.9	$1,182.3	$973.3

Medical	205.0	175.3	125.5

Energy	181.7	146.5	138.0

Transportation	157.7	157.0	143.9

Industrial and Consumer	371.5	364.9	298.2

Distribution	136.4	131.7	118.7

Total net sales	$2,380.2	$2,157.7	$1,797.6

Question: In which years was the total net sales calculated?
Answer: 2019; 2018; 2017
Disaggregation of Revenue The Company operates in two business segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”). Revenue is disaggregated within these two business segments by diversified end-use markets and by geographical location. Comparative information of the Company’s overall revenues by end-use markets and geography for years ended June 30, 2019, 2018 and 2017 were as follows:

End-Use Market Data	Year Ended June 30,	Year Ended June 30,	Year Ended June 30,

($ in millions)	2019	2018	2017

Aerospace and Defense	$1,327.9	$1,182.3	$973.3

Medical	205.0	175.3	125.5

Energy	181.7	146.5	138.0

Transportation	157.7	157.0	143.9

Industrial and Consumer	371.5	364.9	298.2

Distribution	136.4	131.7	118.7

Total net sales	$2,380.2	$2,157.7	$1,797.6

Question: In which year was  Distribution the largest?
Answer: 2019
Disaggregation of Revenue The Company operates in two business segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”). Revenue is disaggregated within these two business segments by diversified end-use markets and by geographical location. Comparative information of the Company’s overall revenues by end-use markets and geography for years ended June 30, 2019, 2018 and 2017 were as follows:

End-Use Market Data	Year Ended June 30,	Year Ended June 30,	Year Ended June 30,

($ in millions)	2019	2018	2017

Aerospace and Defense	$1,327.9	$1,182.3	$973.3

Medical	205.0	175.3	125.5

Energy	181.7	146.5	138.0

Transportation	157.7	157.0	143.9

Industrial and Consumer	371.5	364.9	298.2

Distribution	136.4	131.7	118.7

Total net sales	$2,380.2	$2,157.7	$1,797.6

Question: What was the change in Distribution in 2019 from 2018?
Answer: 4.7
Disaggregation of Revenue The Company operates in two business segments, Specialty Alloys Operations (“SAO”) and Performance Engineered Products (“PEP”). Revenue is disaggregated within these two business segments by diversified end-use markets and by geographical location. Comparative information of the Company’s overall revenues by end-use markets and geography for years ended June 30, 2019, 2018 and 2017 were as follows:

End-Use Market Data	Year Ended June 30,	Year Ended June 30,	Year Ended June 30,

($ in millions)	2019	2018	2017

Aerospace and Defense	$1,327.9	$1,182.3	$973.3

Medical	205.0	175.3	125.5

Energy	181.7	146.5	138.0

Transportation	157.7	157.0	143.9

Industrial and Consumer	371.5	364.9	298.2

Distribution	136.4	131.7	118.7

Total net sales	$2,380.2	$2,157.7	$1,797.6

Question: What was the percentage change in Distribution in 2019 from 2018?
Answer: 3.57
Revenue The following table presents the breakdown of revenue between product and service (in millions, except percentages): (1) Total revenue, product revenue and service revenue not including the SPVSS business in the prior year increased 7%, 8% and 3%, respectively.

Years Ended	2019 vs. 2018

July 27, 2019 (1)	July 28, 2018	July 29, 2017	Variance in Dollars	Variance in Percent

Revenue:

Product	$39,005	$36,709	$35,705	$2,296	6%

Percentage of revenue	75.1%	74.4%	74.4%

Service	12,899	12,621	12,300	278	2%

Percentage of revenue	24.9%	25.6%	25.6%

Total	$51,904	$49,330	$48,005	$2,574	5%

Question: What was the product revenue variance in dollars for 2019 vs 2018?
Answer: 2,296
Revenue The following table presents the breakdown of revenue between product and service (in millions, except percentages): (1) Total revenue, product revenue and service revenue not including the SPVSS business in the prior year increased 7%, 8% and 3%, respectively.

Years Ended	2019 vs. 2018

July 27, 2019 (1)	July 28, 2018	July 29, 2017	Variance in Dollars	Variance in Percent

Revenue:

Product	$39,005	$36,709	$35,705	$2,296	6%

Percentage of revenue	75.1%	74.4%	74.4%

Service	12,899	12,621	12,300	278	2%

Percentage of revenue	24.9%	25.6%	25.6%

Total	$51,904	$49,330	$48,005	$2,574	5%

Question: What was the product percentage of revenue in 2019?
Answer: 75.1
Revenue The following table presents the breakdown of revenue between product and service (in millions, except percentages): (1) Total revenue, product revenue and service revenue not including the SPVSS business in the prior year increased 7%, 8% and 3%, respectively.

Years Ended	2019 vs. 2018

July 27, 2019 (1)	July 28, 2018	July 29, 2017	Variance in Dollars	Variance in Percent

Revenue:

Product	$39,005	$36,709	$35,705	$2,296	6%

Percentage of revenue	75.1%	74.4%	74.4%

Service	12,899	12,621	12,300	278	2%

Percentage of revenue	24.9%	25.6%	25.6%

Total	$51,904	$49,330	$48,005	$2,574	5%

Question: What was the service revenue in 2018?
Answer: 12,621
Revenue The following table presents the breakdown of revenue between product and service (in millions, except percentages): (1) Total revenue, product revenue and service revenue not including the SPVSS business in the prior year increased 7%, 8% and 3%, respectively.

Years Ended	2019 vs. 2018

July 27, 2019 (1)	July 28, 2018	July 29, 2017	Variance in Dollars	Variance in Percent

Revenue:

Product	$39,005	$36,709	$35,705	$2,296	6%

Percentage of revenue	75.1%	74.4%	74.4%

Service	12,899	12,621	12,300	278	2%

Percentage of revenue	24.9%	25.6%	25.6%

Total	$51,904	$49,330	$48,005	$2,574	5%

Question: What was the change in service revenue between 2017 and 2018?
Answer: 321
Revenue The following table presents the breakdown of revenue between product and service (in millions, except percentages): (1) Total revenue, product revenue and service revenue not including the SPVSS business in the prior year increased 7%, 8% and 3%, respectively.

Years Ended	2019 vs. 2018

July 27, 2019 (1)	July 28, 2018	July 29, 2017	Variance in Dollars	Variance in Percent

Revenue:

Product	$39,005	$36,709	$35,705	$2,296	6%

Percentage of revenue	75.1%	74.4%	74.4%

Service	12,899	12,621	12,300	278	2%

Percentage of revenue	24.9%	25.6%	25.6%

Total	$51,904	$49,330	$48,005	$2,574	5%

Question: What was the change in product revenue between 2018 and 2019?
Answer: 2296
Revenue The following table presents the breakdown of revenue between product and service (in millions, except percentages): (1) Total revenue, product revenue and service revenue not including the SPVSS business in the prior year increased 7%, 8% and 3%, respectively.

Years Ended	2019 vs. 2018

July 27, 2019 (1)	July 28, 2018	July 29, 2017	Variance in Dollars	Variance in Percent

Revenue:

Product	$39,005	$36,709	$35,705	$2,296	6%

Percentage of revenue	75.1%	74.4%	74.4%

Service	12,899	12,621	12,300	278	2%

Percentage of revenue	24.9%	25.6%	25.6%

Total	$51,904	$49,330	$48,005	$2,574	5%

Question: What was the percentage change in total revenue between 2018 and 2019?
Answer: 5.22
The following table sets forth a summary of our cash flows for the periods indicated (in thousands): Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth. Given the seasonality and continued growth of our business, our cash flows from operations will vary from period to period. Cash provided by operating activities was $115.5 million in 2019, compared to $90.3 million in 2018. The increase in operating cash flow was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to 2018.

Year Ended December 31,

2019	2018	2017

Net cash provided by operating activities	$115,549	$90,253	$67,510

Net cash used in investing activities	(97,727)	(20,876)	(36,666)

Net cash provided by (used in) financing activities	14,775	(278,016)	276,852

Question: What were the company's cash flows from operating activities influenced by?
Answer: our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth.
The following table sets forth a summary of our cash flows for the periods indicated (in thousands): Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth. Given the seasonality and continued growth of our business, our cash flows from operations will vary from period to period. Cash provided by operating activities was $115.5 million in 2019, compared to $90.3 million in 2018. The increase in operating cash flow was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to 2018.

Year Ended December 31,

2019	2018	2017

Net cash provided by operating activities	$115,549	$90,253	$67,510

Net cash used in investing activities	(97,727)	(20,876)	(36,666)

Net cash provided by (used in) financing activities	14,775	(278,016)	276,852

Question: What was the net cash provided by operating activities in 2017?
Answer: $67,510
The following table sets forth a summary of our cash flows for the periods indicated (in thousands): Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth. Given the seasonality and continued growth of our business, our cash flows from operations will vary from period to period. Cash provided by operating activities was $115.5 million in 2019, compared to $90.3 million in 2018. The increase in operating cash flow was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to 2018.

Year Ended December 31,

2019	2018	2017

Net cash provided by operating activities	$115,549	$90,253	$67,510

Net cash used in investing activities	(97,727)	(20,876)	(36,666)

Net cash provided by (used in) financing activities	14,775	(278,016)	276,852

Question: What was the net cash provided by financing activites in 2019?
Answer: 14,775
The following table sets forth a summary of our cash flows for the periods indicated (in thousands): Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth. Given the seasonality and continued growth of our business, our cash flows from operations will vary from period to period. Cash provided by operating activities was $115.5 million in 2019, compared to $90.3 million in 2018. The increase in operating cash flow was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to 2018.

Year Ended December 31,

2019	2018	2017

Net cash provided by operating activities	$115,549	$90,253	$67,510

Net cash used in investing activities	(97,727)	(20,876)	(36,666)

Net cash provided by (used in) financing activities	14,775	(278,016)	276,852

Question: What was the average net cash provided by operating activities from 2017-2019?
Answer: 91104
The following table sets forth a summary of our cash flows for the periods indicated (in thousands): Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth. Given the seasonality and continued growth of our business, our cash flows from operations will vary from period to period. Cash provided by operating activities was $115.5 million in 2019, compared to $90.3 million in 2018. The increase in operating cash flow was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to 2018.

Year Ended December 31,

2019	2018	2017

Net cash provided by operating activities	$115,549	$90,253	$67,510

Net cash used in investing activities	(97,727)	(20,876)	(36,666)

Net cash provided by (used in) financing activities	14,775	(278,016)	276,852

Question: What is the percentage change in Net cash used in investing activities between 2018 and 2019?
Answer: 368.13
The following table sets forth a summary of our cash flows for the periods indicated (in thousands): Our cash flows from operating activities are significantly influenced by our growth, ability to maintain our contractual billing and collection terms, and our investments in headcount and infrastructure to support anticipated growth. Given the seasonality and continued growth of our business, our cash flows from operations will vary from period to period. Cash provided by operating activities was $115.5 million in 2019, compared to $90.3 million in 2018. The increase in operating cash flow was primarily due to improved profitability, improved collections, and other working capital changes in 2019 when compared to 2018.

Year Ended December 31,

2019	2018	2017

Net cash provided by operating activities	$115,549	$90,253	$67,510

Net cash used in investing activities	(97,727)	(20,876)	(36,666)

Net cash provided by (used in) financing activities	14,775	(278,016)	276,852

Question: What is the percentage change in net cash provided by operating activities between 2017 and 2018?
Answer: 33.69
Land, Property and Equipment Land, property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, or for leasehold improvements, the shorter of the remaining lease term or the estimated useful life. The estimated useful lives for machinery and equipment range from 5 to 7 years and for office, computer and research equipment from2 to 5 years. Expenditures for major renewals and improvements that extend the useful life of property and equipment are capitalized. Depreciation and amortization expense was $0.6 million and $0.8 million for fiscal years2019 and 2018, respectively. In accordance with ASC Topic 360, Property, Plant and Equipment (ASC 360), the Company assesses all of its long-lived assets, including intangibles, for impairment when impairment indicators are identified. If the carrying value of an asset exceeds its undiscounted cash flows, an impairment loss may be necessary. An impairment loss is calculated as the difference between the carrying value and the fair value of the asset. The Company acquired 16 acres of land with an acquisition and sold4 acres in April 2015 for$264,000. The Company still owns 12 acres of land that remains on the market. The Company concluded that a sale transaction for the remaining land is not probable within the next year; therefore, unsold land is classified as held-and-used as of March 31, 2019 and 2018. The components of fixed assets are as follows:

March 31,

(in thousands)	2019	2018

Land	$672	$672

Machinery and equipment	1,372	1,296

Office, computer and research equipment	5,267	5,175

Leasehold improvements	798	1,238

Land, property and equipment, gross	$8,109	$8,381

Less accumulated depreciation and amortization	(6,811)	(6,780)

Land, property and equipment, net	$1,298	$1,601

Question: How are land, property, and equipment stated in the report?
Answer: at cost, net of accumulated depreciation and amortization
Land, Property and Equipment Land, property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, or for leasehold improvements, the shorter of the remaining lease term or the estimated useful life. The estimated useful lives for machinery and equipment range from 5 to 7 years and for office, computer and research equipment from2 to 5 years. Expenditures for major renewals and improvements that extend the useful life of property and equipment are capitalized. Depreciation and amortization expense was $0.6 million and $0.8 million for fiscal years2019 and 2018, respectively. In accordance with ASC Topic 360, Property, Plant and Equipment (ASC 360), the Company assesses all of its long-lived assets, including intangibles, for impairment when impairment indicators are identified. If the carrying value of an asset exceeds its undiscounted cash flows, an impairment loss may be necessary. An impairment loss is calculated as the difference between the carrying value and the fair value of the asset. The Company acquired 16 acres of land with an acquisition and sold4 acres in April 2015 for$264,000. The Company still owns 12 acres of land that remains on the market. The Company concluded that a sale transaction for the remaining land is not probable within the next year; therefore, unsold land is classified as held-and-used as of March 31, 2019 and 2018. The components of fixed assets are as follows:

March 31,

(in thousands)	2019	2018

Land	$672	$672

Machinery and equipment	1,372	1,296

Office, computer and research equipment	5,267	5,175

Leasehold improvements	798	1,238

Land, property and equipment, gross	$8,109	$8,381

Less accumulated depreciation and amortization	(6,811)	(6,780)

Land, property and equipment, net	$1,298	$1,601

Question: What were the depreciation and amortization expenses for fiscal 2018 and 2019, respectively? 
Answer: $0.8 million; $0.6 million
Land, Property and Equipment Land, property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets, or for leasehold improvements, the shorter of the remaining lease term or the estimated useful life. The estimated useful lives for machinery and equipment range from 5 to 7 years and for office, computer and research equipment from2 to 5 years. Expenditures for major renewals and improvements that extend the useful life of property and equipment are capitalized. Depreciation and amortization expense was $0.6 million and $0.8 million for fiscal years2019 and 2018, respectively. In accordance with ASC Topic 360, Property, Plant and Equipment (ASC 360), the Company assesses all of its long-lived assets, including intangibles, for impairment when impairment indicators are identified. If the carrying value of an asset exceeds its undiscounted cash flows, an impairment loss may be necessary. An impairment loss is calculated as the difference between the carrying value and the fair value of the asset. The Company acquired 16 acres of land with an acquisition and sold4 acres in April 2015 for$264,000. The Company still owns 12 acres of land that remains on the market. The Company concluded that a sale transaction for the remaining land is not probable within the next year; therefore, unsold land is classified as held-and-used as of March 31, 2019 and 2018. The components of fixed assets are as follows:

March 31,

(in thousands)	2019	2018

Land	$672	$672

Machinery and equipment	1,372	1,296

Office, computer and research equipment	5,267	5,175

Leasehold improvements	798	1,238

Land, property and equipment, gross	$8,109	$8,381

Less accumulated depreciation and amortization	(6,811)	(6,780)

Land, property and equipment, net	$1,298	$1,601

Question: What were the values of land in 2018 and 2019, respectively? 
Answer: $672; $672