hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Results of Operations
The following table sets forth our consolidated statement of operations for the years ended December 31, 2019, 2018, and 2017.
(1) Includes stock-based compensation expense and related payroll taxes as follows:
Table:
 |  | Years ended December 31, | 
 | 2019 | 2018 | 2017
 | (in thousands, except share and per share data) |  | 
Revenues: |  |  | 
Subscription solutions | $642,241 | $464,996 | $310,031
Merchant solutions | 935,932 | 608,233 | 363,273
 | 1,578,173 | 1,073,229 | 673,304
Cost of revenues(1)(2): |  |  | 
Subscription solutions | 128,155 | 100,990 | 61,267
Merchant solutions | 584,375 | 375,972 | 231,784
 | 712,530 | 476,962 | 293,051
Gross profit | 865,643 | 596,267 | 380,253
Operating expenses: |  |  | 
Sales and marketing(1)(2) | 472,841 | 350,069 | 225,694
Research and development(1)(2) | 355,015 | 230,674 | 135,997
General and administrative(1) | 178,934 | 107,444 | 67,719
Total operating expenses | 1,006,790 | 688,187 | 429,410
Loss from operations | (141,147) | (91,920) | (49,157)
Other income | 45,332 | 27,367 | 9,162
Loss before income taxes | (95,815) | (64,553) | (39,995)
Provision for income taxes | 29,027 | — | —
Net loss | $(124,842) | $(64,553) | $(39,995)
Basic and diluted net loss per share attributable to shareholders | $(1.10) | $(0.61) | $(0.42)
Weighted average shares used to compute net loss per share attributable to shareholders | 113,026,424 | 105,671,839 | 95,774,897


Question: What is the change in the average total operating expenses between 2017-2018 and 2018-2019?
Answer: 288690
Calculation: [(1,006,790+688,187)/2] - [(688,187+429,410)/2]
Assumptions
Weighted-average actuarial assumptions used to determine net periodic benefit cost and projected benefit obligation for the plans for the fiscal years 2019, 2018 and 2017 were as follows:
(1) The expected return on plan assets assumption used in calculating net periodic benefit cost is based on historical return experience and estimates of future long-term performance with consideration to the expected investment mix of the plan.
(2) The discount rate is used to state expected cash flows relating to future benefits at a present value on the measurement date. This rate represents the market rate for high-quality fixed income investments whose timing would match the cash outflow of retirement benefits. Other assumptions include demographic factors such as retirement, mortality and turnover.
Table:
 |  | Pension | 
 | 2019 | 2018 | 2017
Net periodic benefit cost: |  |  | 
Expected long-term return on plan assets(1) | 3.6% | 3.8% | 3.3%
Rate of compensation increase | 4.4% | 3.3% | 2.7%
Discount rate | 2.2% | 2.1% | 1.9%
Projected benefit obligation: |  |  | 
Expected long-term return on plan assets | 2.0% | 3.6% | 4.0%
Rate of compensation increase | 4.3% | 4.4% | 4.4%
Discount rate(2) | 1.7% | 2.2% | 2.3%


Question: What was the percentage change in the net periodic benefit cost rate of compensation increase between 2017 and 2018?
Answer: 0.6
Calculation: 3.3-2.7
19. Related Party Transactions
Key management personnel compensation
All directors and executive management have authority and responsibility for planning, directing and controlling the activities of the Group, and are considered to be key management personnel.
Compensation for the Group’s key management personnel is as follows:
Table:
 |  | Fiscal Year Ended June 30, | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands) | 
Executive management |  |  | 
Short-term compensation and benefits | $3,835 | $2,991 | $2,860
Post-employment benefits | 109 | 99 | 100
Share-based payments | 17,144 | 9,335 | 26,030
 | $21,088 | $12,425 | $28,990
Board of directors |  |  | 
Cash remuneration | $430 | $362 | $388
Share-based payments | 1,772 | 1,577 | 1,825
 | $2,202 | $1,939 | $2,213


Question: What is the cash remuneration for the Board of directors in fiscal years ended June 30, 2017, 2018 and 2019 respectively?
Answer: $388, $362, $430
jpmorgan chase & co./2009 annual report 173 trading assets and liabilities average balances average trading assets and liabilities were as follows for the periods indicated. .

Table:
year ended december 31 ( in millions ) | 2009 | 2008 | 2007
trading assets 2013 debt and equity instruments | $ 318063 | $ 384102 | $ 381415
trading assets 2013 derivative receivables | 110457 | 121417 | 65439
trading liabilities 2013 debt and equityinstruments ( a ) | $ 60224 | $ 78841 | $ 94737
trading liabilities 2013 derivative payables | 77901 | 93200 | 65198
( a ) primarily represent securities sold , not yet purchased .
note 4 2013 fair value option the fair value option provides an option to elect fair value as an alternative measurement for selected financial assets , financial liabilities , unrecognized firm commitments , and written loan com- mitments not previously carried at fair value .
elections elections were made by the firm to : 2022 mitigate income statement volatility caused by the differences in the measurement basis of elected instruments ( for example , cer- tain instruments elected were previously accounted for on an accrual basis ) while the associated risk management arrange- ments are accounted for on a fair value basis ; 2022 eliminate the complexities of applying certain accounting models ( e.g. , hedge accounting or bifurcation accounting for hybrid in- struments ) ; and 2022 better reflect those instruments that are managed on a fair value basis .
elections include : 2022 securities financing arrangements with an embedded derivative and/or a maturity of greater than one year .
2022 loans purchased or originated as part of securitization ware- housing activity , subject to bifurcation accounting , or managed on a fair value basis .
2022 structured notes issued as part of ib 2019s client-driven activities .
( structured notes are financial instruments that contain embed- ded derivatives. ) 2022 certain tax credits and other equity investments acquired as part of the washington mutual transaction .
the cumulative effect on retained earnings of the adoption of the fair value option on january 1 , 2007 , was $ 199 million. .

Question: excluding derivatives , what are net 2008 trading assets , in millions?
Answer: 305261
Calculation: subtract(384102, 78841)
Property and equipment, net by geographic location consists of the following:
(1) Includes amounts capitalized related to the Company’s U.S. build-to-suit facility of $41.8 million and $39.4 million as of March 31, 2019 and 2018, respectively.
(2) Includes amounts capitalized related to the Company’s U.K. build-to-suit facility of $31.2 million as of March 31, 2018. In March 2019, the Company derecognized the U.K. build-to-suit facility upon substantial completion of construction. See Note 12 for further details.
Table:
 | As of March 31, | 
 | 2019 | 2018
United States (1)  | $62,455 | $62,064
United Kingdom (2)   | 17,402 | 46,664
South Africa   | 6,170 | 6,512
Australia   | 3,481 | 3,953
Other   | 4,694 | 4,629
Total  | $94,202 | $123,822


Question: What is the change in Property and equipment, net in South Africa from Year Ending March 31, 2018 to 2019?
Answer: -342
Calculation: 6,170-6,512
Note 8 Property and Equipment, net
The following table details our property and equipment, net.
(1) Upon adoption of ASU 2016-02, $28.3 million of assets that were included in property and equipment, net as of December 31, 2018 are now included in other non-current assets on our Consolidated Balance Sheets as of December 31, 2019. These assets were related to capital leases, primarily for warehouse, office and small manufacturing facilities, IT equipment and automobiles, which are now ROU assets. Refer to Note 4, “Leases,” of the Notes to Consolidated Financial Statements for additional information on our ROU assets.
Table:
December 31, |  | 
(In millions) | 2019 | 2018(1)
Land and improvements | $ 50.7 | $ 41.2
Buildings | 747.0 | 728.6
Machinery and equipment | 2,453.2 | 2,325.7
Other property and equipment | 141.3 | 135.6
Construction-in-progress | 127.9 | 155.1
Property and equipment, gross | 3,520.1 | 3,386.2
Accumulated depreciation and amortization | (2,378.2) | (2,350.0)
Property and equipment, net | $ 1,141.9 | $ 1,036.2


Question: What is the change in Land and improvements from 2018 to 2019?
Answer: 9.5
Calculation: 50.7-41.2
the weighted-average grant date fair value of altria group , inc . restricted stock and deferred stock granted during the years ended december 31 , 2014 , 2013 and 2012 was $ 53 million , $ 49 million and $ 53 million , respectively , or $ 36.75 , $ 33.76 and $ 28.77 per restricted or deferred share , respectively . the total fair value of altria group , inc . restricted stock and deferred stock vested during the years ended december 31 , 2014 , 2013 and 2012 was $ 86 million , $ 89 million and $ 81 million , respectively . stock options : altria group , inc . has not granted stock options since 2002 , and there have been no stock options outstanding since february 29 , 2012 . the total intrinsic value of options exercised during the year ended december 31 , 2012 was insignificant . note 12 . earnings per share basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

Table:
( in millions ) | for the years ended december 31 , 2014 | for the years ended december 31 , 2013 | for the years ended december 31 , 2012
net earnings attributable to altria group inc . | $ 5070 | $ 4535 | $ 4180
less : distributed and undistributed earnings attributable to unvested restricted and deferred shares | -12 ( 12 ) | -12 ( 12 ) | -13 ( 13 )
earnings for basic and diluted eps | $ 5058 | $ 4523 | $ 4167
weighted-average shares for basic and diluted eps | 1978 | 1999 | 2024
net earnings attributable to altria group , inc .
$ 5070 $ 4535 $ 4180 less : distributed and undistributed earnings attributable to unvested restricted and deferred shares ( 12 ) ( 12 ) ( 13 ) earnings for basic and diluted eps $ 5058 $ 4523 $ 4167 weighted-average shares for basic and diluted eps 1978 1999 2024 since february 29 , 2012 , there have been no stock options outstanding .
for the 2012 computation , there were no antidilutive stock options .
altria group , inc .
and subsidiaries notes to consolidated financial statements _________________________ altria_mdc_2014form10k_nolinks_crops.pdf 54 2/25/15 5:56 pm .

Question: what is the percent change in earnings for basic and diluted eps from 2013 to 2014?
Answer: 11.8%
Calculation: subtract(5058, 4523), divide(#0, 4523)
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
NOTE 10. INVENTORIES
Our inventories are valued at the lower of cost or net realizable value and computed on a first-in, first-out (FIFO) basis. Components of inventories are as follows:
Table:
 | December 31, | 
 | 2019 | 2018
Parts and raw materials | $134,816 | $76,647
Work in process | 10,269 | 6,644
Finished goods | 84,934 | 14,696
Total | $230,019 | $97,987


Question: What was the percentage change in total inventories between 2018 and 2019?
Answer: 134.74
Calculation: (($230,019-$97,987)/97,987) * 100
9.4. Trade and other payables
Trade payables are unsecured and are usually paid within 30 days of recognition. Other payables and accruals are paid when amounts fall due. The carrying amounts of trade and other payables are assumed to be the same as their fair values, due to their short-term nature.
Table:
 | 2019 | 2018
 | $'000 | $'000
Current |  | 
Trade payables | 3,486 | 4,184
Accrued expenses | 6,706 | 2,717
GST and employment taxes payable | 2,644 | 1,256
Other payables | 6,157 | 4,161
Total | 18,993 | 12,318


Question: What is the value of trade payables in 2019?
Answer: 3,486
Revenue by geographic area are as follows (in thousands):
Revenues by geographic area are based upon the country of billing. The geographic location of distributors and OEM customers may be different from the geographic location of the ultimate end users of the products and services provided by us. No single non-U.S. country accounted for more than 10% of our revenue in fiscal years ended February 28, 2019, 2018 and 2017.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
United States | 268,453 | 265,613 | 259,974
Europe, Middle East and Africa | 49,496 | 45,830 | 49,918
South America | 15,134 | 20,699 | 17,738
Canada | 9,815 | 14,958 | 8,412
Asia and Pacific Rim | 13,958 | 12,873 | 8,967
All other | 6,944 | 5,939 | 6,093
 | 363,800 | 365,912 | 351,102


Question: What was the revenue from Canada in 2017?
Answer: 8,412
7. LOANS PAYABLE
Plan B, a subsidiary of the Company, entered into a business loan agreement, prior to being acquired by the Company, with Tri Counties Bank dated March 14, 2014, in the original amount of $131 bearing interest at 4.95%. The loan agreement called for monthly payments of $2 and was scheduled to mature on March 14, 2019. Proceeds from the loan were used to purchase a pile driver and related equipment and is secured by the equipment. The loan was fully paid off during the year ended December 31, 2019.
Plan B entered into a business loan agreement prior to being acquired by the Company, with Tri Counties Bank dated April 9, 2014, in the original amount of $250 bearing interest at 4.95%. The loan agreement calls for monthly payments of $5 and was scheduled to mature on April 9, 2019. Proceeds from the loan were used to purchase racking inventory and related equipment. The loan was secured by the inventory and equipment. The loan was fully paid off during the year ended December 31, 2019.
On January 5, 2016, the Company entered into a loan agreement for the acquisition of a pile driver in the principal amount of $182 bearing interest at 5.5%. The loan agreement calls for monthly payments of $4 and is scheduled to mature on January 15, 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $4.
On September 8, 2016, the Company entered into a loan agreement for the acquisition of a pile driver in the principal amount of $174 bearing interest at 5.5%. The loan agreement calls for monthly payments of $4 and is scheduled to mature on September 15, 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $36.
On November 14, 2016, the Company entered into a 0% interest loan agreement for the acquisition of an excavator in the principal amount of $59. The loan agreement calls for monthly payments of $1 and is scheduled to mature on November 13, 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $13.
On December 23, 2016, the Company entered into a loan agreement for the acquisition of modular office systems and related furniture in the principal amount of $172 bearing interest at 4.99%. The loan agreement calls for 16 quarterly payments of $12 and is scheduled to mature in September 2020. The loan is secured by the equipment. The outstanding balance at December 31, 2019, is $35.
As of December 31, 2019 and 2018, loans payable are summarized as follows:
Table:
 | 2019 | 2018
Business loan agreement dated March 14, 2014 | - | 7
Business loan agreement dated April 9, 2014 | - | 19
Equipment notes payable | 88 | 241
Subtotal | 88 | 267
Less: Current position | (88) | (179)
Long-term position | - | $88


Question: In which year is the equipment notes payable higher?
Answer: 2018
Calculation: Find the year with the higher equipments notes payable
19. Related Party Transactions
Key management personnel compensation
All directors and executive management have authority and responsibility for planning, directing and controlling the activities of the Group, and are considered to be key management personnel.
Compensation for the Group’s key management personnel is as follows:
Table:
 |  | Fiscal Year Ended June 30, | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands) | 
Executive management |  |  | 
Short-term compensation and benefits | $3,835 | $2,991 | $2,860
Post-employment benefits | 109 | 99 | 100
Share-based payments | 17,144 | 9,335 | 26,030
 | $21,088 | $12,425 | $28,990
Board of directors |  |  | 
Cash remuneration | $430 | $362 | $388
Share-based payments | 1,772 | 1,577 | 1,825
 | $2,202 | $1,939 | $2,213


Question: Who are considered to be the key management personnel of the Group?
Answer: All directors and executive management have authority and responsibility for planning, directing and controlling the activities of the Group
24. Government grants
The following government grants are included within trade and other payables:
Government grants have been received to accelerate and support research and development in the vulnerability of global navigation satellite systems and other high technology projects.
Table:
 | 2019 | 2018
 | $ million | $ million
At 1 January | 2.3 | 2.6
Received during the year | 0.3 | 0.1
Released to the income statement | (0.6) | (0.4)
At 31 December | 2.0 | 2.3


Question: What was the percentage change in the amount at 31 December?
Answer: -13.04
Calculation: ((2.0-2.3)/2.3) * 100
Operating Expense
Sales and Marketing
Sales and marketing expenses increased $122.8 million, or 35.1%, for the year ended December 31, 2019 compared to the same period in 2018, due to an increase of $70.4 million in expenditures on marketing programs to support the growth of our business, such as advertisements on search engines and social media, brand campaigns, event sponsorships and payments to partners. Employee-related costs increased $48.7 million ($14.1 million of which related to stock-based compensation and related payroll taxes) to support the growth of the business including in Shopify Plus and International operations. Computer hardware and software costs increased by $3.7 million, largely due to the growth in sales and marketing headcount
Sales and marketing expenses increased $124.4 million, or 55.1%, for the year ended December 31, 2018 compared to the same period in 2017, primarily due to an increase of $80.7 million in employee-related costs. In addition to employee-related costs, marketing costs increased by $39.7 million and computer hardware and software costs increased by $4.0 million.
Table:
 | Years ended December 31, |  |  | 2019 vs 2018 | 2018 vs 2017
 | 2019 | 2018 | 2017 | % Change | % Change
 | (in thousands, except percentages) |  |  |  | 
Sales and marketing | $ 472,841 | $ 350,069 | $ 225,694 | 35.1 % | 55.1 %
Percentage of total revenues | 30.0 % | 32.6 % | 33.5 % |  | 


Question: How much did sales and marketing expenses increase by for year ended 2018 compared to year ended 2017?
Answer: $124.4 million
Stock-Settled Stock Appreciation Rights
Stock-Settled Appreciation Rights (“SSARs”) are rights granted to an employee to receive value equal to the difference in the price of our common shares on the date of the grant and on the date of exercise. This value is settled only in common shares of Agilysys.
We use a Black-Scholes-Merton option pricing model to estimate the fair value of SSARs. The following table summarizes the principal assumptions utilized in valuing SSARs granted in fiscal 2019, 2018 and 2017:
The risk-free interest rate is based on the yield of a zero coupon U.S. Treasury bond whose maturity period approximates the expected life of the SSARs. The expected life is estimated using historical data representing the period of time the awards are expected to be outstanding. The estimated fair value of the SSARs granted is recognized over the vesting period of the awards utilizing the graded vesting method. Under this method, the compensation cost related to unvested amounts begins to be recognized as of the grant date.
Table:
 | 2019 | 2018 | 2017
Risk-free interest rate | 2.68% | 1.74%-1.94% | 0.94%-2.14%
Expected life (in years) | 5 | 5 | 5
Expected volatility | 32.42% | 32.42% - 32.84% | 35.25%-40.22%
Weighted average grant date fair value | $4.72 | $3.36 | $3.69


Question: What is the average year-on-year change in Weighted average grant date fair value from 2017 to 2019? 
Answer: 15.77
Calculation: (((4.72-3.36)/3.36+(3.36-3.69)/3.69)/2) * 100
.

Table:
currency | 2012 | 2011 | 2010
real | $ 40.4 | $ 42.4 | $ 32.5
euro | 27.1 | 26.4 | 18.6
pound sterling | 18.5 | 17.6 | 9.0
indian rupee | 4.3 | 3.6 | 2.6
total impact | $ 90.3 | $ 90.0 | $ 62.7
the impact on earnings of the foregoing assumed 10% ( 10 % ) change in each of the periods presented would not have been significant .
revenue included $ 100.8 million and operating income included $ 9.0 million of unfavorable foreign currency impact during 2012 resulting from a stronger u.s .
dollar during 2012 compared to 2011 .
our foreign exchange risk management policy permits the use of derivative instruments , such as forward contracts and options , to reduce volatility in our results of operations and/or cash flows resulting from foreign exchange rate fluctuations .
our international operations' revenues and expenses are generally denominated in local currency , which limits the economic exposure to foreign exchange risk in those jurisdictions .
we do not enter into foreign currency derivative instruments for trading purposes .
we have entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans .
as of december 31 , 2012 , the notional amount of these derivatives was approximately $ 115.6 million and the fair value was nominal .
these derivatives are intended to hedge the foreign exchange risks related to intercompany loans , but have not been designated as hedges for accounting purposes. .

Question: what is the percentage change in the impact of euro from 2011 to 2012?
Answer: 2.7%
Calculation: subtract(27.1, 26.4), divide(#0, 26.4)
SUMMARY STATEMENTS OF FINANCIAL POSITION
Note: (1) ‘Currency translation reserve’ relates mainly to the translation of the net assets of foreign subsidiaries, associates and joint ventures of the Group denominated mainly in Australian Dollar, Indian Rupee, Indonesian Rupiah, Philippine Peso, Thai Baht and United States Dollar.
The Group’s financial position remains healthy. 

The Group’s financial position remains healthy.
Total assets were stable with additions from the acquisitions of Videology assets and equity interest in Airtel Africa offset by the translation impact from a weaker Australian Dollar. Total liabilities increased on higher trade payables related to handset leasing and network investments. 

Total assets were stable with additions from the acquisitions of Videology assets and equity interest in Airtel Africa offset by the translation impact from a weaker Australian Dollar. Total liabilities increased on higher trade payables related to handset leasing and network investments.
Currency translation losses increased mainly due to the weaker Australian Dollar and Indian Rupee against the Singapore Dollar from a year ago when translating the Group’s investments in Optus and Airtel.
Table:
 | As at 31 March | 
 | 2019 | 2018
 | (S$ million) | (S$ million)
Current assets | 7,078 | 6,759
Non-current assets | 41,837 | 41,737
Total assets | 48,915 | 48,496
Current liabilities | 8,794 | 8,429
Non-current liabilities | 10,311 | 10,355
Total liabilities | 19,105 | 18,784
Net assets | 29,810 | 29,712
Share capital | 4,127 | 4,127
Retained earnings | 27,513 | 27,269
Currency translation reserve (1) | (1,768) | (1,284)
Other reserves | (35) | (376)
Equity attributable to shareholders | 29,838 | 29,737
Non-controlling interests and other reserve | (28) | (26)
Total equity | 29,810 | 29,712


Question: What is the % change in total equity from 2018 to 2019?
Answer: 0.33
Calculation: ((29,810 - 29,712) / 29,712 ) * 100