hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
IFRS cash flow
The key drivers of the decrease in cash and cash equivalents of £35.8 million in the year are discussed below.
Cash flows from operating activities of £11.1 million were £91.5 million lower than 2018, largely due to the reduction in underlying earnings of £65.9 million (see income statement section) and the early settlement of interest rate swaps of £52.4 million, partially offset by improvements in working capital of £32.2 million.
Cash flows from investing activities mainly reflected cash inflows related to the part disposal of intu Derby of £96.7 million and other sundry disposals of £75.3 million, partially offset by capital expenditure during the year of £127.7 million.
Cash flows from financing activities primarily reflected net borrowings repaid in the year (see debt activity section on page 36).
Table:
m | 2019 | 2018
Cash flows from: |  | 
operating activities | 11.1 | 102.6
investing activities | 75.5 | (0.4)
financing activities | (122.4) | (90.8)
Net change in cash and cash equivalents | (35.8) | 11.4


Question: What is the cause of the lower cash flow from operating activities in 2019 as compared to 2018?
Answer: due to the reduction in underlying earnings of £65.9 million, the early settlement of interest rate swaps of £52.4 million
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: in 2008 what was the ratio of the trading assets derivatives - receivables to the payables
Answer: 1.72
Calculation: divide(110457, 77901)
Item 10. Directors, Executive Officers and Corporate Governance
Executive Officers of the Registrant
The following table sets forth information concerning the executive officers of Loral as of March 12, 2020.
The remaining information required under Item 10 will be presented in the Company’s 2020 definitive proxy statement which is incorporated herein by reference or by amendment to this Annual Report on Form 10‐K.
Table:
Name | Age | Position
Avi Katz | 61 | President, General Counsel and Secretary since December 2012. Senior Vice President, General Counsel and Secretary from January 2008 to December 2012.
John Capogrossi | 66 | Vice President, Chief Financial Officer and Treasurer since January 2016. Vice President, Chief Financial Officer, Treasurer and Controller from March 2013 to January 2016. Vice President and Controller from January 2008 to March 2013.
Ravinder S. Girgla | 56 | Vice President and Controller since January 2016. Deputy Controller from February 2013 to January 2016. Assistant Controller from July 2008 to February 2013.


Question: What are the respective ages of the company's current Vice Presidents?
Answer: 66, 56
intangible asset amortization expense amounted to $ 12 million , $ 4 million and $ 4 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . estimated amortization expense for the next five years subsequent to december 31 , 2018 is as follows: .

Table:
 | amount
2019 | $ 15
2020 | 13
2021 | 11
2022 | 10
2023 | 7
note 9 : shareholders 2019 equity common stock under the dividend reinvestment and direct stock purchase plan ( the 201cdrip 201d ) , shareholders may reinvest cash dividends and purchase additional company common stock , up to certain limits , through the plan administrator without commission fees .
shares purchased by participants through the drip may be newly issued shares , treasury shares , or at the company 2019s election , shares purchased by the plan administrator in the open market or in privately negotiated transactions .
purchases generally will be made and credited to drip accounts once each week .
as of december 31 , 2018 , there were approximately 4.2 million shares available for future issuance under the drip .
anti-dilutive stock repurchase program in february 2015 , the company 2019s board of directors authorized an anti-dilutive stock repurchase program , which allowed the company to purchase up to 10 million shares of its outstanding common stock over an unrestricted period of time .
the company repurchased 0.6 million shares and 0.7 million shares of common stock in the open market at an aggregate cost of $ 45 million and $ 54 million under this program for the years ended december 31 , 2018 and 2017 , respectively .
as of december 31 , 2018 , there were 5.5 million shares of common stock available for purchase under the program. .

Question: what is total intangible asset amortization expense ( millions ) for the years ended december 31 , 2018 , 2017 and 2016?
Answer: 20
Calculation: add(12, const_4), add(#0, const_4)
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 financial items does operating expenses consist of?
Answer: Sales and marketing, Research and development, General and administrative
5. PROPERTY AND EQUIPMENT, NET
Property and equipment, at cost, consisted of the following at December 31, 2019 and 2018 (in thousands):
Depreciation expense related to property and equipment was approximately $0.04 million and $0.13 million in 2019 and 2018, respectively. Depreciation expense includes depreciation related to finance leases of approximately $0.001 million and $0.002 million for the periods ended December 31, 2019 and 2018, respectively. Our finance leases have original terms of one to three years. The principal payments for these finance leases are reflected as cash outflows from financing activities in the accompanying consolidated statements of cash flows. Future minimum lease payments under our capital leases that have initial terms in excess of one year are included in “Leases” in Note 8.     Depreciation expense related to property and equipment was approximately $0.04 million and $0.13 million in 2019 and 2018, respectively. Depreciation expense includes depreciation related to finance leases of approximately $0.001 million and $0.002 million for the periods ended December 31, 2019 and 2018, respectively. Our finance leases have original terms of one to three years. The principal payments
In connection with the relocation of our corporate headquarters in July 2019, we disposed of a number of assets that were no longer in use. For each of the years ended December 31, 2019 and 2018, we recorded a loss on disposal of fixed assets of approximately $0.01 million.  In connection with the relocation of our corporate headquarters in July 2019, we disposed of a number of assets that were no longer in use. For each of the years ended December 31, 2019 and 2018, we recorded a loss on disposal of fixed assets of approximately $0.01 million.
In connection with the closure of our Lake Mary facility in 2018, we reclassified equipment with a net book value of approximately $0.07 million to assets held for sale. We contracted with a third party for the consignment sale of these assets and completed sales for several assets in 2018 and 2019. For the year ended December 31, 2019, we recognized a net loss of approximately $0.04 million on the sale and/or impairment of assets held for sale. For the year ended December 31, 2018, we recognized a gain of approximately $0.01 million on assets held for sale. The gains and losses on the sale or impairment of held for sale assets is included in selling, general and administrative expenses in the accompanying statements of comprehensive loss.
Table:
 | 2019 | 2018
Equipment and software, including equipment purchased under capital leases of $6 and $17 at December 31, 2019 and 2018, respectively | $260 | $1,555
Leasehold improvements | 33 | 786
Furniture and fixtures | 43 | 182
 | 336 | 2,523
Less accumulated depreciation, including accumulated depreciation for equipment purchased under capital leases of $3 and $13 at December 31, 2019 and 2018, respectively | (266) | (2,394)
 | $70 | $129


Question: How many categories of items are there in property and equipment in both 2018 and 2019?
Answer: 3
Calculation: Equipment and software##Leasehold improvements##Furniture and fixtures
NOTE 7 – PROPERTY AND EQUIPMENT
Property and equipment consist of the following (in thousands):
Depreciation expense was $8.6 million, $8.0 million, and $8.4 million in fiscal years ended February 28, 2019, 2018 and 2017, respectively.
Fixed assets not yet in service consist primarily of capitalized internal-use software and certain tooling and other equipment that have not been placed into service.
Table:
 | February 28, | 
 | 2019 | 2018
Leasehold improvements | $3,522 | $3,157
LoJack system components and law enforcement |  | 
tracking units | 20,326 | 20,558
Plant equipment and tooling | 13,078 | 16,842
Office equipment, computers and furniture | 11,553 | 14,206
Software | 31,349 | 31,427
 | 79,828 | 86,190
Less accumulated depreciation and amortization | (58,641) | (69,585)
 | 21,187 | 16,605
Fixed assets not yet in service | 5,836 | 4,657
 | $27,023 | $21,262


Question: What are leasehold improvements in 2019 as a percentage of the total property equipment before depreciation, amortization and fixed assets not in service?
Answer: 4.41
Calculation: ((3,522/79,828)) * 100
Cost of Revenues and Gross Margin
Cost of revenues in 2019 decreased by $4.3 million, or 16%, as compared to 2018. The decrease was primarily driven by a reduction in the number of global services and cloud infrastructure personnel, which led to a decrease of $2.2 million in compensation and benefits expense, including stock-based compensation expense, as compared to 2018. This reduction in headcount also contributed to a decrease in allocated facilities and information technology costs of $0.5 million in 2019. We also experienced a decrease of $0.9 million in hosting costs in 2019, due to a decline in the usage of our hosted platform as compared to 2018. Additionally, depreciation decreased $0.5 million in 2019, due to the nature and timing of capital expenditures and internal projects as compared to 2018.
Our gross margin decreased to 53% during 2019, as compared to 54% during 2018. This was primarily due to our revenues, net declining during the year at a slightly faster rate than the corresponding decrease in costs.
Table:
 | Years Ended December 31, |  | Change | 
 | 2019 | 2018 | $ | %
 |  | (dollars in thousands) |  | 
Cost of revenues | $22,843 | $27,154 | $(4,311) | (16)%
Gross profit | 26,193 | 31,477 | (6,284) | (17)
Gross margin | 53% | 54% |  | 


Question: What is the cost of revenues for 2019 and 2018 respectively?
Answer: $22,843, $27,154
Accrued Liabilities
Accrued liabilities consists of the following (in millions):
Sales related reserves represent price concessions and stock rotation rights that the Company offers to many of its distributors. For the fiscal year ending March 31, 2018, these sales related reserves were recorded within accounts receivable, and therefore did not exist within accrued liabilities. The Company made this change in classification as part of its adoption of ASC 606. For additional information regarding the Company's adoption of ASC 606, refer to Note 1 of the consolidated financial statements.
Table:
 | March 31, | 
 | 2019 | 2018
Accrued compensation and benefits | $133.2 | $87.6
Income taxes payable | 46.9 | 27.5
Sales related reserves | 366.9 | —
Accrued expenses and other liabilities | 240.3 | 114.5
Total accrued liabilities | $787.3 | $229.6


Question: What were the income taxes payable in 2019?
Answer: 46.9
supplemental financial information common stock performance the following graph compares the performance of an investment in the firm 2019s common stock from december 26 , 2008 ( the last trading day before the firm 2019s 2009 fiscal year ) through december 31 , 2013 , with the s&p 500 index and the s&p 500 financials index . the graph assumes $ 100 was invested on december 26 , 2008 in each of the firm 2019s common stock , the s&p 500 index and the s&p 500 financials index , and the dividends were reinvested on the date of payment without payment of any commissions . the performance shown in the graph represents past performance and should not be considered an indication of future performance . the goldman sachs group , inc . s&p 500 index s&p 500 financials index dec-09 dec-10 dec-11 dec-12 dec-13dec-08 the table below shows the cumulative total returns in dollars of the firm 2019s common stock , the s&p 500 index and the s&p 500 financials index for goldman sachs 2019 last five fiscal year ends , assuming $ 100 was invested on december 26 , 2008 in each of the firm 2019s common stock , the s&p 500 index and the s&p 500 financials index , and the dividends were reinvested on the date of payment without payment of any commissions . the performance shown in the table represents past performance and should not be considered an indication of future performance. .

Table:
 | 12/26/08 | 12/31/09 | 12/31/10 | 12/31/11 | 12/31/12 | 12/31/13
the goldman sachs group inc . | $ 100.00 | $ 224.98 | $ 226.19 | $ 123.05 | $ 176.42 | $ 248.36
s&p 500 index | 100.00 | 130.93 | 150.65 | 153.83 | 178.42 | 236.20
s&p 500 financials index | 100.00 | 124.38 | 139.47 | 115.67 | 148.92 | 201.92
218 goldman sachs 2013 annual report .

Question: what is the five year total return on the goldman sachs group inc.?
Answer: 148.36
Calculation: subtract(248.36, const_100)
Operating income in the fourth quarter grew on a sequential and year-over-year basis to $460 million compared to $336 million and $443 million in the prior and year-ago quarters, respectively.
Operating income
Table:
 |  | Three Months Ended | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018
 |  | (Unaudited, in millions) | 
Operating income | $460 | $336 | $443
As percentage of net revenues | 16.7% | 13.1% | 16.8%


Question: What is the increase/ (decrease) in Operating income from the period December 31, 2018 to 2019?
Answer: 17
Calculation: 460-443
Note 6 Interest expense
Included in interest expense on long-term debt is interest on lease liabilities of $220 million for 2019 and interest on finance leases of $142 million for 2018.
Capitalized interest was calculated using an average rate of 3.96% and 3.88% for 2019 and 2018, respectively, which represents the weighted average interest rate on our outstanding long-term debt.
Table:
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Interest expense on long-term debt | (1,024) | (918)
Interest expense on other debt | (153) | (133)
Capitalized interest | 45 | 51
Total interest expense | (1,132) | (1,000)


Question: What is the percentage change in capitalized interest in 2019?
Answer: -11.76
Calculation: ((45-51)/51) * 100
Market and Market Prices of Common Stock
During 2016 fiscal year and through February 22, 2017, our common stock was traded on the Nasdaq Capital Market under the symbol “ACUR”. On February 23, 2017, our common stock was delisted from the Nasdaq Capital Market due to our failure to comply with Nasdaq’s Listing Rule 5550(b)(1), which requires that we maintain $2.5 million in stockholders’ equity for continued listing (or meet the alternatives of market value of listed securities of $35 million or net income from continuing operations). NASDAQ had granted us a grace period through February 10, 2017, to regain compliance with Listing Rule 5550(b)(1), but we were unable to regain compliance within such period.
Commencing on February 23, 2017, our common stock was quoted on the OTCQB under the symbol “ACUR”, however commencing June 4, 2018 and lasting until July 2, 2018 it was quoted on the OTC Markets OTC Pink tier. The downgrade was a result of the late filing of our 2017 Annual Report on Form 10-K beyond any applicable grace periods. The Company regained compliance with the OTCQB and effective July 3, 2018 it was quoted on the OTCQB. However, commencing May 20, 2019 as a result of late filing of our 2018 Annual Report on Form 10-K our common stock was again relegated to the OTC Markets OTC Pink tier. The Company regained compliance with the OTCQB in March, 2020 and effective March 23, 2020 it was quoted on the OTCQB.
Set forth below for the period indicated are the high and low sales prices for our common stock in the OTC Market of OTCQB and Pink tier.
On March 27, 2020 the closing sales price of our common stock was $0.22.
Table:
Period |  | Sales Prices
 | High | Low
2019 Fiscal Year |  | 
First Quarter | $0.29 | $0.11
Second Quarter | 0.28 | 0.13
Third Quarter | 0.45 | 0.14
Fourth Quarter | 0.63 | 0.20
2020 Fiscal Year |  | 
First Quarter thru March 27, 2020 | 0.47 | $0.12


Question: What is the average stock price in the first quarter of 2020? 
Answer: 0.29
Calculation: (0.47 + 0.12) / 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 growth rate in net earnings attributable to altria group inc . from 2012 to 2013?
Answer: 8.5%
Calculation: subtract(4535, 4180), divide(#0, 4180)
NOTE 5. INVESTMENTS AND LOANS TO SUBSIDIARIES
Interest relates mainly to a subsidiary and is based on the Bank of America’s prime rate with a rise of two percent points. The repayment schedule of the loan is as follows: 24 annual installments of US$2 million, starting December 31, 2018, followed by a final installment of US$5.3 million on December 31, 2043.
Table:
 | December 31, | 
 | 2018 | 2019
Loans due from subsidiaries - non-current portion | 46,698 | 45,377
Loans due from subsidiaries - current portion | 2,064 | 2,123
Total | 48,762 | 47,500


Question: What is the percentage change in Loans due from subsidiaries - current portion from 2018 to 2019?
Answer: 2.86
Calculation: ((2,123-2,064)/2,064) * 100
30. RECONCILIATION OF LIABILITIES FROM FINANCING ACTIVITIES (Cont’d)
Note: (1) The cash flows comprise the net amount of proceeds from borrowings and repayments of borrowings, net interest paid on borrowings, and settlement of swaps for bonds repaid in the statement of cash flows.
Table:
 | Bonds | Bank loans | Finance lease liabilities | Interest payable | Derivative financial instruments
Group - 2018 | S$ Mil | S$ Mil | S$ Mil | S$ Mil | S$ Mil
As at 1 April 2017 | 8,726.6 | 2,306.3 | 198.2 | 142.7 | (245.3)
Financing cash flows (1) | (506.2) | 222.6 | (28.3) | (379.9) | 61.4
Non-cash changes: |  |  |  |  | 
Fair value adjustments | (65.4) | - | - | - | 107.8
Amortisation of bond discount | 3.2 | - | - | - | -
Foreign exchange movements | (273.3) | (58.5) | (0.5) | (8.5) | 11.5
Acquisition of subsidiary | - | 31.3 | 8.7 | - | 
Additions of finance lease | - | - | 4.8 | - | -
Interest expense | - | - | - | 383.6 | -
Adjustment | - | - | (78.3) | - | -
 | (335.5) | (27.2) | (65.3) | 375.1 | 119.3
As at 31 March 2018 | 7,884.9 | 2,501.7 | 104.6 | 137.9 | (64.6)


Question: How many types of non-cash changes are there?
Answer: 7
Calculation: Fair value adjustments##Amortisation of bond discount##Foreign exchange movements##Acquisition of subsidiary##Additions of finance lease##Interest expense##Adjustment