hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
New Zealand Food’s sales for the year were NZ$6.7 billion, an increase of 4.3% on the prior year (6.0% increase in AUD) or 2.4% on a normalised basis.
Comparable sales increased 3.4% for the year, driven by positive core offer momentum with Countdown’s customer satisfaction and brand advocacy measures continuing to steadily improve. Highlights include increased Fruit & Vegetables VOC (H2: +6 pts) driven by a focus on direct‐to‐grower fresh quality, and improved community perceptions aided by the removal of single‐use plastic bags in the first half.
Digital momentum remained strong throughout the year, with F19 sales growth of 40% (normalised) driven by Pick up, Same day delivery, and capacity expansion. Customer advocacy for Online also remains strong with VOC NPS of 66 in Q4.
Sales growth improved in the second half (H1: 1.9%, normalised H2: 3.0%) driven by positive comparable transaction growth and aided by a recovery in market growth post Christmas. Sales per square metre increased by 6.4%(normalised 4.5%) due to strong sales growth and a 2.0% reduction in trading space following store closures. During the year, three stores were closed and two stores were opened with 180 Countdown supermarkets at the end of the year.
Stockloss improvements were maintained in the second half, contributing to an 18 bps increase in gross margin while remaining price competitive. Average prices declined 0.8% for the year, but with a lower rate of deflation for the second half.
CODB as a percentage of sales increased 25 bps (normalised) driven primarily by strategic investment into digital, IT and data capabilities.
EBIT increased 3.9% for the year (1.0% normalised), with H2 EBIT growth of 4.4% (normalised) aided by sales momentum and improved cost management.
On a normalised basis, ROFE increased by 5 bps.
(3) During the period, the management of the New Zealand Wine Cellars business transferred from Endeavour Drinks to New Zealand Food. The prior period has been re‑presented toconform with the current period presentation.
Table:
 | F19 | F18 (3) |  | CHANGE
NZ$ MILLION | 53 WEEKS | 52 WEEKS | CHANGE | NORMALISED
Sales | 6,712 | 6,433 | 4.3% | 2.4%
EBITDA | 425 | 411 | 3.0% | 1.0%
Depreciation and amortisation | (129) | (127) | 1.0% | 1.0%
EBIT | 296 | 284 | 3.9% | 1.0%
Gross margin (%) | 24.4 | 24.2 | 18 bps | 18 bps
Cost of doing business (%) | 20.0 | 19.8 | 20 bps | 25 bps
EBIT to sales (%) | 4.4 | 4.4 | (2) bps | (6) bps
Sales per square metre ($)$) | 16,626 | 15,621 | 6.4% | 4.5%
Funds employed | 3,210 | 2,998 | 7.1% | 
ROFE (%) | 9.6 | 9.5 | 15 bps | 5 bps


Question: What is the average sales per square metre for both F18 and F19?
Answer: 16123.5
Calculation: (16,626 + 15,621)/2
Other non-current assets (in millions):
During fiscal 2019, we formed a joint venture with Lenovo (Beijing) Information Technology Ltd. (“Lenovo”) in China and, in February 2019, contributed assets to the newly formed entity, Lenovo NetApp Technology Limited (“LNTL”), in exchange for a non-controlling 49% equity interest. The group of assets we contributed and derecognized met the definition of a business and included cash, fixed assets, customer relationships and an allocation of goodwill, with an aggregate book value of $7 million. The fair value of our equity interest in LNTL was determined using discounted cash flow techniques to be $80 million, resulting in a non-cash gain of $73 million. We accounted for our ownership interest as an equity method investment and have presented it in Other non-current assets on our consolidated balance sheet as of April 26, 2019. LNTL will be integral to our sales channels strategy in China, acting as a distributor of our offerings to customers headquartered there, and involved in certain OEM sales to Lenovo. It will also endeavor to localize our products and services, and to develop new joint offerings for the China market by leveraging NetApp and Lenovo technologies.
Table:
 | April 26, 2019 | April 26, 2018
Deferred tax assets | $201 | $229
Other assets | 389 | 221
Other non-current assets | $ 590 | $ 450


Question: What was the percentage change in Other non-current assets between 2018 and 2019?
Answer: 31.11
Calculation: ((590-450)/450) * 100
3. MARKETABLE SECURITIES
As of December 31, 2019, the Company did not hold any marketable securities.
Table:
 |  | December 31, 2018 |  | 
(in thousands) | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value
Municipal bonds | $44,802 | $13 | $(110) | $44,705
Corporate bonds | 48,499 | 23 | (226) | 48,296
 | $93,301 | $36 | $(336) | $93,001


Question: What are the respective values of the company's fair value municipal and corporate bonds?
Answer: $44,705, 48,296
Expected Future Rate
Over the medium-term the tax rate is likely to stabilise as the integration of acquisitions in higher rate jurisdictions are completed. However, the tax rate may fluctuate if business changes are implemented in response to legislation arising from the OECD’s Base Erosion & Profit Shifting Project. Legislative change in key territories is being monitored and acted upon.
The Group does not anticipate any significant impact on the future tax charge, liabilities or assets, as a result of the triggering of Article 50(2) of the Treaty on European Union, but cannot rule out the possibility that, for example, a failure to reach satisfactory arrangements for the UK’s future relationship with the European Union, could have an impact on such matters.
The European Commission has concluded its investigation into the UK’s controlled foreign company (“CFC”) rules. The CFC rules levy a charge on foreign entities controlled by the UK that are subject to a lower rate of tax, however there is currently an exemption available for 75% of this charge if the activities being undertaken by the CFC relate to financing. The EC concluded that this exemption is in breach of EU State Aid rules. However, whilst we are awaiting further detail from HMRC, the position has not changed from a tax accounting perspective. The risk is possible, but not probable. UK ministers have yet to decide on whether to pursue an appeal. No provision for this potential liability of $3.6M has been provided in these Consolidated Financial Statements as it is not clear what, if any, the ultimate financial result will be.
Deferred tax assets and liabilities are attributable to the following:
As at 31 March 2019 the aggregate amount of temporary differences associated with undistributed earnings of subsidiaries for which deferred tax liabilities have been recognised was $Nil (2018: $Nil). No liability has been recognised because the Group is in a position to control the reversal of temporary differences and it is probable that such differences will not reverse in the foreseeable future.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability settled, based on tax rates that have been enacted or substantively enacted at the reporting date.
Table:
 | 31 March 2019 | 31 March 2018 Restated See note 2
 | $M | $M
Deferred income tax assets in relation to: |  | 
Deferred revenue | 40.9 | 40.0
Tax value of carry forward losses of UK subsidiaries | 37.0 | 24.2
Tax value of carry forward losses of overseas subsidiaries | 6.2 | 6.4
Advanced capital allowances | 7.5 | 7.7
Share-based payments | 11.6 | 27.7
Other temporary differences | 11.8 | 14.7
Total | 115.0 | 120.7
Deferred income tax liabilities in relation to: |  | 
Intangible assets | 6.1 | 5.9
Deferred selling cost | 8.5 | 8.5
Other temporary differences | - | 0.1
Total | 14.6 | 14.5


Question: What are the components are related to the Deferred income tax liabilities?
Answer: Intangible assets, Deferred selling cost, Other temporary differences
American Tower Corporation • 2019 Annual Report
Appendix 1 • Letter to Stakeholders
RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME ($ in millions. Totals may not add due to rounding.)
Table:
 | 2015 | 2016 | 2017 | 20181 | 2019
Net Income | $672 | $970 | $1,225 | $1,265 | $1,917
Income tax provision (benefit) | 158 | 156 | 31 | (110) | (0)
Other expense (income) | 135 | 48 | (31) | (24) | (18)
Loss (gain) on retirement of long-term obligations | 80 | (1) | 70 | 3 | 22
Interest expense | 596 | 717 | 750 | 826 | 814
Interest income | (17) | (26) | (35) | (55) | (47)
Other operating expenses | 67 | 73 | 256 | 513 | 166
Depreciation, amortization and accretion | 1,285 | 1,526 | 1,716 | 2,111 | 1,778
Stock-based compensation expense | 91 | 90 | 109 | 138 | 111
ADJUSTED EBITDA | $3,067 | $3,553 | $4,090 | $4,667 | $4,745
Divided by total revenue | $4,772 | $5,786 | $6,664 | $7,440 | $7,580
ADJUSTED EBITDA MARGIN | 64% | 61% | 61% | 63% | 63%


Question: How many years did adjusted EBITDA exceed $4,000 million?
Answer: 3
Calculation: 2017##2018##2019
The following table summarizes the components of net periodic pension cost recognized in the consolidated statements of operations for the plans for the years ended December 31, 2019, 2018 and 2017:
The components of net periodic pension cost other than the service cost component are included in other, net within other income (expense) in the consolidated statements of operations.
In 2019, we purchased a group annuity contract to transfer the pension benefit obligations and annuity administration for a select group of retirees or their beneficiaries to an annuity provider. Upon issuance of the group annuity contract, the pension benefit obligation of $24.4 million for approximately 500 participants was irrevocably transferred to the annuity provider. The purchase of the group annuity was funded directly by the assets of the Pension Plans. During the year ended December 31, 2019, we recognized a pension settlement charge of $6.7 million as a result of the transfer of the pension liability to the annuity provider and other lump sum payments made during the year.
In 2018 and 2017, the Retirement Plan was amended to freeze benefit accruals under the cash balance benefit plan for certain participants under collective bargaining agreements. As a result of these amendments, we recognized a pre-tax curtailment gain of $1.2 million and $1.3 million as a component of net periodic pension cost during the years ended December 31, 2018 and 2017, respectively.
Table:
(In thousands) | 2019 | 2018 | 2017
Service cost | $ 50 | $ 5,809 | $ 3,055
Interest cost | 30,327 | 28,870 | 21,882
Expected return on plan assets | (34,627) | (38,640) | (28,459)
Amortization of: |  |  | 
Net actuarial loss | 2,890 | 6,110 | 6,244
Prior service cost (credit) | 123 | (204) | (316)
Plan curtailment | — | (1,156) | (1,337)
Plan settlement | 6,726 | 94 | 17
Net periodic pension cost | $ 5,489 | $ 883 | $ 1,086


Question: In 2019, what was the pension settlement charge recognized?
Answer: $6.7 million
Quarterly Results (Unaudited)
The following table sets forth certain unaudited quarterly financial information for the 2019 and 2018 fiscal years. In the opinion of management, this information has been presented on the same basis as the audited consolidated financial statements appearing elsewhere, and all necessary adjustments (consisting primarily of normal recurring accruals) have been included in the amounts stated below to present fairly the unaudited quarterly results when read in conjunction with the audited consolidated financial statements and related notes thereto. The operating results for any quarter are not necessarily indicative of results for any future period.
(1) Includes acquisition and integration charges related to our strategic collaboration with JJMD of $17.6 million, $13.4 million, $12.8 million, $8.9 million and $8.1 million for the three months ended August 31, 2019, May 31, 2019, February 28, 2019, November 30, 2018 and August 31, 2018, respectively.
(2) Includes ($13.3 million), $111.4 million and $30.9 million of income tax (benefit) expense for the three months ended November 30, 2018, August 31, 2018 and February 28, 2018, respectively, related to the Tax Act.
(3) Includes a restructuring of securities loss of $29.6 million for the three months ended August 31, 2019.
(4) Includes a distressed customer charge of $6.2 million, $18.0 million and $14.7 million during the three months ended August 31, 2019, August 31, 2018 and February 28, 2018, respectively.
Table:
Fiscal Year 2019 |  |  |  | 
 |  |  | Three Months Ended | 
(in thousands, except for per share data) | August 31,2019 | May 31,2019 | February 28,2019 | November 30,2018
Net revenue | $6,573,453 | $6,135,602 | $6,066,990 | $6,506,275
Gross profit(4) | 495,078 | 443,799 | 454,874 | 519,650
Operating income(1)(4) | 189,745 | 140,918 | 153,983 | 216,710
Net income(2)(3)(4) | 53,761 | 44,032 | 67,607 | 124,074
Net income attributable to Jabil Inc.(2)(3)(4) | $52,675 | $43,482 | $67,354 | $123,600
Earnings per share attributable to the stockholders of Jabil Inc. |  |  |  | 
Basic | $0.34 | $0.28 | $0.44 | $0.77
Diluted | $0.34 | $0.28 | $0.43 | $0.76


Question: What was the change in basic earnings per share attributable to the stockholders of Jabil Inc. between May 2019 and August 2019?
Answer: 0.06
Calculation: $0.34-$0.28
Other Income (Expense), Net
Additional information relating to Other income (expense), net is as follows:
nm -not meaningful
The change in Other income (expense), net during the year ended December 31, 2019, compared to the similar period in 2018, was primarily driven by early debt redemption costs of $3.6 billion recorded during 2019, compared to $725 million recorded during 2018 (see “Special Items”) as well as pension and benefit charges of $126 million recorded in 2019, compared with pension and benefit credits of $2.1 billion recorded in 2018 (see “Special Items”).
Table:
 |  |  | (dollars in millions)  Increase/ (Decrease) | Increase/ (Decrease)
Years Ended December 31, | 2019 | 2018 | (dollars in millions) | 2019 vs. 2018
Interest income  | $ 121 | $ 94 | $ 27 | 28.7%
Other components of net periodic benefit cost  | 627 | 3,068 | (2,441) | (79.6)
Early debt extinguishment costs  | (3,604) | (725) | (2,879) | nm 
Other, net  | (44) | (73) | 29 | 39.7
Total  | $ (2,900) | $2,364 | $ (5,264) | nm 


Question: What is the change in Other components of net periodic benefit cost from 2018 to 2019?
Answer: -2441
Calculation: 627-3,068
The following table details our restructuring activities as reflected in the Consolidated Statements of Operations for the years ended December 31, 2019, 2018 and 2017:
(1) Other associated costs excludes non-cash cost of $1.9 million for the year ended December 31, 2018 related to sharebased compensation expense.
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Continuing operations: |  |  | 
Other associated costs(1) | $ 60.3 | $ 13.9 | $ 14.3
Restructuring charges | 41.9 | 47.8 | 12.1
Total charges from continuing operations | 102.2 | 61.7 | 26.4
Charges included in discontinued operations | 2014 | 2014 | 2.4
Total charges | $ 102.2 | $ 61.7 | $ 28.8
Capital expenditures | $ 3.4 | $ 1.0 | $ 21.3


Question: What is the year with Charges included in discontinued operations?
Answer: 2017
Research and Development (“R&D”), Sales and Marketing, and General and Administrative (“G&A”) Expenses
R&D, sales and marketing, and G&A expenses are summarized in the following table (in millions, except percentages):
R&D Expenses R&D expenses increased due to higher headcount-related expenses and, to a lesser extent, higher acquisition-related costs, higher contracted services and higher discretionary spending.
We continue to invest in R&D in order to bring a broad range of products to market in a timely fashion. If we believe that we are unable to enter a particular market in a timely manner with internally developed products, we may purchase or license technology from other businesses, or we may partner with or acquire businesses as an alternative to internal R&D.
Sales and Marketing Expenses Sales and marketing expenses increased due to higher headcount-related expenses, higher discretionary spending and, to a lesser extent, higher contracted services and higher acquisition-related costs, partially offset by lower share-based compensation expense.
G&A Expenses G&A expenses decreased due to a benefit from the $400 million litigation settlement with Arista Networks and lower contracted services, partially offset by higher discretionary spending and higher headcount-related expenses.
Effect of Foreign Currency In fiscal 2019, foreign currency fluctuations, net of hedging, decreased the combined R&D, sales and marketing, and G&A expenses by approximately $233 million, or 1.3%, compared with fiscal 2018. In fiscal 2018, foreign currency fluctuations, net of hedging, increased the combined R&D, sales and marketing, and G&A expenses by approximately $93 million, or 0.5%, compared with fiscal 2017.
Table:
 |  | Years Ended |  |  | 
 | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars | Variance in Percent
Research and development | $ 6,577 | $ 6,332 | $6,059 | $245 | 4%
Percentage of revenue | 12.7% | 12.8% | 12.6% |  | 
Sales and marketing | 9,571 | 9,242 | 9,184 | 329 | 4%
Percentage of revenue | 18.4% | 18.7% | 19.1% |  | 
General and administrative | 1,827 | 2,144 | 1,993 | (317) | (15)%
Percentage of revenue | 3.5% | 4.3% | 4.2% |  | 
Total | $17,975 | $17,718 | $17,236 | $257 | 1%
Percentage of revenue | 34.6% | 35.9% | 35.9% |  | 


Question: What was the sales and marketing expense in 2017?
Answer: 9,184
The following table presents the components of impairment and other charges, net, in each fiscal year (in thousands):
Restructuring costs decreased by $2.2 million as a result of lower severance expenses, as our general and administrative cost reduction initiative came to its conclusion as planned. Costs of closed restaurants and other increased by $3.8 million, primarily due to a $3.5 million charge recorded in 2019 related to the write- off of software development costs associated with a discontinued technology project. Gains on disposition of property and equipment, net, increased by $7.9 million, primarily due to a $5.7 million gain related to a sale of property and a$0.8 million gain related to an eminent domain transaction in 2019.
Refer to Note 9, Impairment and Other Charges, Net, of the notes to the consolidated financial statements for additional information regarding these charges.
Table:
 | 2019 | 2018
Restructuring costs | $8,455 | $10,647
Costs of closed restaurants and other | 8,628 | 4,803
(Gains) losses on disposition of property and equipment, net | (6,244) | 1,627
Accelerated depreciation | 1,616 | 1,130
Operating restaurant impairment charges | — | 211
 | $12,455 | $18,418


Question: What is the difference in accelerated depreciation between 2018 and 2019?
Answer: 486
Calculation: $1,616 - $1,130
The following table represents the restricted stock units and SARS stock-based compensation information for the periods indicated (in thousands):
(1) Classified as income tax expense within the Consolidated Statements of Operations.
Table:
 |  | Fiscal Year Ended August 31, | 
 | 2019 | 2018 | 2017
Intrinsic value of SARS exercised | $335 | $909 | $5,053
Fair value of restricted stock units vested | $49,725 | $62,592 | $44,010
Tax benefit for stock compensation expense(1) | $611 | $1,122 | $560
Unrecognized stock-based compensation expense — restricted stock units | $41,778 |  | 
Remaining weighted-average period for restricted stock units expense | 1.3years |  | 


Question: What was the percentage change in the Fair value of restricted stock units vested between 2018 and 2019?
Answer: -20.56
Calculation: (($49,725-$62,592)/$62,592) * 100
8. Directors and Key Management remuneration
The remuneration of Directors is disclosed in the Directors’ remuneration report on pages 64 to 74:
Key Management compensation
During the year to 31 March 2019, Key Management comprised the members of the OLT and the Non-Executive Directors (2018: OLT and the Non-Executive Directors). The remuneration of all Key Management (including Directors) was as follows:
Table:
 | 2019 | 2018
 | £m | £m
Short-term employee benefits | 5.3 | 4.9
Share-based payments | 3.5 | 2.6
Termination benefits | – | 0.1
Pension contributions | 0.2 | 0.2
Total | 9.0 | 7.8


Question: What did Key Management comprise of?
Answer: comprised the members of the OLT and the Non-Executive Directors (2018: OLT and the Non-Executive Directors).
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: When are trade payables paid?
Answer: within 30 days of recognition.
SIGNIFICANT ASSUMPTIONS
We used the following key assumptions to measure the post-employment benefit obligations and the net benefit plans cost for the DB pension plans and OPEB plans. These assumptions are long-term, which is consistent with the nature of post-employment benefit plans.
(1) Cost of living indexation rate is only applicable to DB pension plans
The weighted average duration of the post-employment benefit obligation is 14 years.
We assumed the following trend rates in healthcare costs: • an annual increase in the cost of medication of 6.5% for 2019 decreasing to 4.0% over 20 years • an annual increase in the cost of covered dental benefits of 4% • an annual increase in the cost of covered hospital benefits of 3.7% • an annual increase in the cost of other covered healthcare benefits of 4%
Assumed trend rates in healthcare costs have a significant effect on the amounts reported for the healthcare plans.
Table:
 | DB PENSION PLANS AND OPEB PLANS | 
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Post-employment benefit obligations |  | 
Discount rate | 3.1% | 3.8%
Rate of compensation increase | 2.25% | 2.25%
Cost of living indexation rate (1) | 1.6% | 1.6%
Life expectancy at age 65 (years) | 23.2 | 23.1


Question: For post-employment benefit obligations, what is the percentage change in the life expectancy at age 65 in 2019?
Answer: 0.43
Calculation: ((23.2-23.1)/23.1) * 100