hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
14. Fair Value Measures
The Company is required to categorize both financial and nonfinancial assets and liabilities based on the following fair value hierarchy. The fair value of an asset is the price at which the asset could be sold in an orderly transaction between unrelated, knowledgeable, and willing parties able to engage in the transaction. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be paid to settle the liability with the creditor.
• Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 - Unobservable inputs for the asset or liability supported by little or no market activity and are significant to the fair value of the assets or liabilities.
The disclosure of fair value of certain financial assets and liabilities recorded at cost are as follows:
Cash and cash equivalents, accounts receivable, and accounts payable: The carrying amount approximates fair value due to the short maturity of these instruments.
Long-term debt: The carrying value of the Company’s long-term debt is at its stated value. We have not elected to carry our long-term debt at fair value. Fair values for debt are based on quoted market prices or published forward interest rate curves, which are level 2 inputs. Estimated fair values are management’s estimates, which is a level 3 input; however, when there is no readily available market data, the estimated fair values may not represent the amounts that could be realized in a current transaction, and the fair values could change significantly. The fair value of the Company’s debt is sensitive to changes in the general level of U.S. interest rates. Under its current policies, the Company does not use interest rate derivative instruments to manage exposure to interest rate changes. A one percent (1%) decrease in interest rates would increase the net fair value of the Company’s debt by $23,000 at June 1, 2019. The fair value and carrying value of the Company’s long-term debt were as follows (in thousands):
Table:
 | June 1, 2019 |  | June 2, 2018 | 
 | Carrying Value | Fair Value | Carrying Value | Fair Value
Note payable | $1,283 | $1,309 | $4,750 | $4,732
Long-term leases | 1,054 | 940 | 1,340 | 1,171
 | $2,337 | $2,249 | $6,090 | $5,903


Question: The carrying value of the long term debt is held at which value?
Answer: stated value
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
Revenue by Geographic Region
Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries. The total net book value of long-lived assets for dry bulk vessels amounted to $741,347 and $933,784 at December 31, 2019 and 2018, respectively. For the Logistics Business, all long-lived assets are located in South America. The total net book value of long-lived assets for the Logistics Business amounted to $536,342 (including constructions in progress of $4,046, referred to in Note 7) and $556,713 at December 31, 2019 and 2018, respectively. The total net book value of long-lived assets for the Containers Business amounted to at December 31, 2018 $399,979.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
North America | $2,259 | $4,248 | $5,513
Europe | 179,009 | 142,688 | 124,857
Asia | 67,468 | 135,614 | 91,552
South America | 232,394 | 208,751 | 212,616
Other | 1,319 | 26,438 | 28,511
Total | $482,449 | $517,739 | $463,049


Question: What was the percentage change in the revenue from Other regions between 2018 and 2019?
Answer: -95.01
Calculation: ((1,319-26,438)/26,438) * 100
jpmorgan chase & co./2010 annual report 281 pledged assets at december 31 , 2010 , assets were pledged to collateralize repur- chase agreements , other securities financing agreements , derivative transactions and for other purposes , including to secure borrowings and public deposits . certain of these pledged assets may be sold or repledged by the secured parties and are identified as financial instruments owned ( pledged to various parties ) on the consoli- dated balance sheets . in addition , at december 31 , 2010 and 2009 , the firm had pledged $ 288.7 billion and $ 344.6 billion , respectively , of financial instruments it owns that may not be sold or repledged by the secured parties . the significant components of the firm 2019s pledged assets were as follows. .

Table:
december 31 ( in billions ) | 2010 | 2009
securities | $ 112.1 | $ 155.3
loans | 214.8 | 285.5
trading assets and other | 123.2 | 84.6
totalassetspledged ( a ) | $ 450.1 | $ 525.4
total assets pledged ( a ) $ 450.1 $ 525.4 ( a ) total assets pledged do not include assets of consolidated vies ; these assets are used to settle the liabilities of those entities .
see note 16 on pages 244 2013 259 of this annual report for additional information on assets and liabilities of consolidated vies .
collateral at december 31 , 2010 and 2009 , the firm had accepted assets as collateral that it could sell or repledge , deliver or otherwise use with a fair value of approximately $ 655.0 billion and $ 635.6 billion , respectively .
this collateral was generally obtained under resale agreements , securities borrowing agreements , cus- tomer margin loans and derivative agreements .
of the collateral received , approximately $ 521.3 billion and $ 472.7 billion were sold or repledged , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales and to collat- eralize deposits and derivative agreements .
the reporting of collat- eral sold or repledged was revised in 2010 to include certain securities used to cover short sales and to collateralize deposits and derivative agreements .
prior period amounts have been revised to conform to the current presentation .
this revision had no impact on the firm 2019s consolidated balance sheets or its results of operations .
contingencies in 2008 , the firm resolved with the irs issues related to compliance with reporting and withholding requirements for certain accounts transferred to the bank of new york mellon corporation ( 201cbnym 201d ) in connection with the firm 2019s sale to bnym of its corporate trust business .
the resolution of these issues did not have a material effect on the firm. .

Question: as of december 31 , 2009 , what percentage of the collateral that it was able to sell , repledge , deliver , or otherwise use was actually used for these purposes?
Answer: 74.4%
Calculation: divide(472.7, 635.6)
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 total amount of capitalized interest in 2018 and 2019?
Answer: 96
Calculation: 45+51
Impairment test for goodwill
Goodwill is allocated to the appropriate cash-generating unit (‘CGU’) based on the smallest identifiable group of assets that generates cash inflows independently in relation to the specific goodwill. The recoverable amount of the CGU is determined from value-in-use calculations that use cash flow projections from the latest three-year plan. The carrying value of CGUs is the sum of goodwill, property, plant and equipment and intangibles and is as follows:
Table:
 | 2019 | (Restated) 2018
 | £m | £m
Digital | 327.6 | 342.6
Webzone | 6.6 | 6.9
Total | 334.2 | 349.5


Question: What were the components making up the total carrying value of CGUs in the table?
Answer: Digital, Webzone
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the nyse for the years 2016 and 2015. .

Table:
2016 | high | low
quarter ended march 31 | $ 102.93 | $ 83.07
quarter ended june 30 | 113.63 | 101.87
quarter ended september 30 | 118.26 | 107.57
quarter ended december 31 | 118.09 | 99.72
2015 | high | low
quarter ended march 31 | $ 101.88 | $ 93.21
quarter ended june 30 | 98.64 | 91.99
quarter ended september 30 | 101.54 | 86.83
quarter ended december 31 | 104.12 | 87.23
on february 17 , 2017 , the closing price of our common stock was $ 108.11 per share as reported on the nyse .
as of february 17 , 2017 , we had 427195037 outstanding shares of common stock and 153 registered holders .
dividends as a reit , we must annually distribute to our stockholders an amount equal to at least 90% ( 90 % ) of our reit taxable income ( determined before the deduction for distributed earnings and excluding any net capital gain ) .
generally , we have distributed and expect to continue to distribute all or substantially all of our reit taxable income after taking into consideration our utilization of net operating losses ( 201cnols 201d ) .
we have two series of preferred stock outstanding , 5.25% ( 5.25 % ) mandatory convertible preferred stock , series a ( the 201cseries a preferred stock 201d ) , issued in may 2014 , with a dividend rate of 5.25% ( 5.25 % ) , and the 5.50% ( 5.50 % ) mandatory convertible preferred stock , series b ( the 201cseries b preferred stock 201d ) , issued in march 2015 , with a dividend rate of 5.50% ( 5.50 % ) .
dividends are payable quarterly in arrears , subject to declaration by our board of directors .
the amount , timing and frequency of future distributions will be at the sole discretion of our board of directors and will depend upon various factors , a number of which may be beyond our control , including our financial condition and operating cash flows , the amount required to maintain our qualification for taxation as a reit and reduce any income and excise taxes that we otherwise would be required to pay , limitations on distributions in our existing and future debt and preferred equity instruments , our ability to utilize nols to offset our distribution requirements , limitations on our ability to fund distributions using cash generated through our trss and other factors that our board of directors may deem relevant .
we have distributed an aggregate of approximately $ 3.2 billion to our common stockholders , including the dividend paid in january 2017 , primarily subject to taxation as ordinary income. .

Question: what is the average number of shares per registered holder as of february 17 , 2017?
Answer: 2792124
Calculation: divide(427195037, 153)
Geographic information
The Group is domiciled in the UK and the following tables detail external revenue by location of customers, trade receivables and non-current assets (excluding deferred tax) by geographic area:
Due to the large number of customers the Group serves, there are no individual customers whose revenue is greater than 10% of the Group’s total revenue in all periods presented in these financial statements.
Table:
 | 2019 | 2018
Revenue | £m | £m
UK | 349.9 | 324.9
Ireland | 5.2 | 5.2
Total revenue | 355.1 | 330.1


Question: In which year was revenue in the UK larger?
Answer: 2019
Calculation: 349.9>324.9
34 Subsidiaries, joint ventures and associates (continued)
Other entities
Intu (SGS) Finance plc and Intu Metrocentre Finance plc are consolidated as subsidiaries in these financial statements but are not listed in the table above as the Group does not own the shares in these companies. These companies are vehicles set up on behalf of the Group for the sole purpose of issuing some of the Group’s listed debt. The Group’s obligations in respect of this debt via a back-to-back intercompany loan agreement between these companies and other Group companies, and security over investment property via a deed of charge between the security trustees and other Group companies, mean that the Group is deemed to have control of these companies.
Non-controlling interests
By virtue of their 40 per cent interest in The Metrocentre Partnership, GIC Real Estate is entitled to appoint 40 per cent of the directors of Metrocentre (GP) Limited. GIC Real Estate through an intermediate entity also owns a 40 per cent interest in the capital of Metrocentre Lancaster LLP. £58.2 million of the non-controlling interest losses shown in the balance sheet at 31 December 2019 (2018: £12.7 million earnings) and £70.9 million of the non-controlling interest share of loss shown in the income statement for the year ended 31 December 2019 (2018: share of loss £41.5 million) relates to GIC Real Estate’s interest in these entities. Set out below is the summarised financial information of The Metrocentre Partnership and Metrocentre LLP at 100 per cent, as consolidated:
The balance sheet includes a non-controlling interest recoverable amount of £58.2 million (2018: £12.7 million attributable to noncontrolling interest). This amount is considered to be recoverable in view of the £195.4 million owed to the non-controlling interest (which is included in the Group’s borrowings in note 23).
Table:
£m | 2019 | 2018
Summarised income statement |  | 
Revenue | 64.0 | 68.3
Loss for the year | (177.2) | (103.7)
Summarised balance sheet |  | 
Investment and development property | 676.8 | 841.8
Borrowings – 4.125% bonds 2023 | (480.5) | (479.5)
Borrowings – compound financial instrument | (488.5) | (473.8)
Other net liabilities | (27.7) | (31.2)
Net liabilities | (319.9) | (142.7)


Question: What is the revenue in 2019?
Answer: 64.0
corporate/other corporate/other includes treasury results , unallocated corporate expenses , offsets to certain line-item reclassifications reported in the business segments ( inter-segment eliminations ) , the results of discontinued operations and unallocated taxes . in millions of dollars 2008 2007 2006 .

Table:
in millions of dollars | 2008 | 2007 | 2006
net interest revenue | $ -1288 ( 1288 ) | $ -461 ( 461 ) | $ -345 ( 345 )
non-interest revenue | 438 | -291 ( 291 ) | -599 ( 599 )
revenues net of interest expense | $ -850 ( 850 ) | $ -752 ( 752 ) | $ -944 ( 944 )
operating expenses | 526 | 1830 | 202
provisions for loan losses and for benefits and claims | 1 | -2 ( 2 ) | 4
loss from continuing operations before taxes and minority interest | $ -1377 ( 1377 ) | $ -2580 ( 2580 ) | $ -1150 ( 1150 )
income tax benefits | -421 ( 421 ) | -922 ( 922 ) | -498 ( 498 )
minority interest net of taxes | -2 ( 2 ) | 3 | 2
loss from continuing operations | $ -954 ( 954 ) | $ -1661 ( 1661 ) | $ -654 ( 654 )
income from discontinued operations | 4410 | 628 | 1087
net income ( loss ) | $ 3456 | $ -1033 ( 1033 ) | $ 433
2008 vs .
2007 revenues , net of interest expense declined primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher inter-segment eliminations partially offset by improved treasury hedging activities .
operating expenses declined primarily due to lower restructuring charges in the current year as well as reductions in incentive compensation and benefits expense .
discontinued operations represent the sale of citigroup 2019s german retail banking operations and citicapital .
see note 3 to the consolidated financial statements on page 136 for a more detailed discussion .
2007 vs .
2006 revenues , net of interest expense improved primarily due to improved treasury results and a gain on the sale of certain corporate-owned assets , partially offset by higher inter-segment eliminations .
operating expenses increased primarily due to restructuring charges , increased staffing , technology and other unallocated expenses , partially offset by higher inter-segment eliminations .
income tax benefits increased due to a higher pretax loss in 2007 , offset by a prior-year tax reserve release of $ 69 million relating to the resolution of the 2006 tax audits .
discontinued operations represent the operations in the sale of the asset management business and the sale of the life insurance and annuities business .
for 2006 , income from discontinued operations included gains and tax benefits relating to the final settlement of the life insurance and annuities and asset management sale transactions and a gain from the sale of the asset management business in poland , as well as a tax reserve release of $ 76 million relating to the resolution of the 2006 tax audits. .

Question: what was the percentage change in non-interest revenue from 2007 to 2008?
Answer: 251%
Calculation: subtract(438, -291), divide(#0, 291)
15. Income Taxes
Income before income taxes is as follows (in thousands):
Table:
 | Year Ended |  | 
 | June 30, 2019 | June 30, 2018 | June 30, 2017
Domestic  | $22,330 | $(55,197) | $(7,228)
Foreign   | (48,204) | 8,550 | 9,824
Total  | $(25,874) | $(46,647) | $2,596


Question: What was the change in domestic income between 2017 and 2018?
Answer: -47969
Calculation: -55,197-(-7,228)
Relative importance of spend on pay
The following table shows, for FY19 and FY18, the actual expenditure and percentage change in total employee costs and percentage change in distributions to shareholders.
1 Represents dividends paid in each financial year
2 Total employee expenditure includes wages and salaries, social security costs, pension and other costs and share-based payments, see note 10 of the Financial Statements
Table:
 | FY19 | FY18 | Change
 | $M | $M | %
Shareholder distributions – dividends1 | 23.9 | 21.8 | 10%
Total employee expenditure2 | 370.1 | 361.9 | 2%


Question: What are the components in the table during the analysis of the relative importance of spend on pay?
Answer: Shareholder distributions – dividends, Total employee expenditure
Film and Electrolytic
The table below sets forth net sales, operating income (loss) and operating income (loss) as a percentage of net sales for our Film and Electrolytic reportable segment for the fiscal years 2018 and 2017 (amounts in thousands, except percentages):
(1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606
Net Sales
Film and Electrolytic net sales of $202.0 million in fiscal year 2018 increased $19.7 million or 10.8% from $182.2 million in fiscal year 2017. The increase in net sales was primarily driven by an increase in net sales in the distributor channel across all the APAC and EMEA regions of $13.7 million, a $3.3 million increase in net sales in the OEM channel of the EMEA region and a $4.2 million increase in the EMS channel across the Americas, EMEA, and APAC regions. These increases were partially offset by a decrease in net sales of $1.2 million in the OEM channel across the Americas, APAC, and JPKO regions. In addition, there was a favorable impact of $7.6 million from foreign currency exchange primarily due to the change in the value of the Euro compared to the U.S. dollar.
Reportable Segment Operating Income (Loss)
Segment operating income of $3.6 million in fiscal year 2018 improved $12.7 million from $9.0 million of operating loss in fiscal year 2017. The improvement was primarily attributable to a $4.3 million increase in gross margin driven by higher net sales, as well as the benefit of completed restructuring activities. The increase was also attributed to an $11.7 million improvement in (gain) loss on the write down and disposal of long-lived assets. These improvements were partially offset by a $2.1 million increase in restructuring charges, a $0.7 million increase in SG&A expenses, and a $0.6 million increase in R&D expenses.
Table:
 | For the Fiscal Years Ended |  |  | 
 | March 31, 2018 |  | March 31, 2017 | 
 | Amount | % to Net Sales | Amount | % to Net Sales
Net sales (1) | $201,977 |  | $182,228 | 
Segment operating income (loss) (1) | 3,622 | 1.8% | (9,028) | (5.0)%


Question: What was the change in the percentage to net sales for segment operating income (loss) between 2017 and 2018?
Answer: 6.8
Calculation: 1.8-(-5.0)
Amortization of Purchased Intangible Assets
The following table presents the amortization of purchased intangible assets (in millions):
The decrease in amortization of purchased intangible assets was due largely to the purchased intangible assets related to the divestiture of SPVSS business on October 28, 2018, partially offset by amortization from our recent acquisitions.
Table:
Years Ended | July 27, 2019 | July 28, 2018 | July 29, 2017
Amortization of purchased intangible assets: |  |  | 
Cost of sales | $624 | $640 | $556
Operating expenses |  |  | 
Amortization of purchased intangible assets | 150 | 221 | 259
Restructuring and other charges | — | — | 38
Total | $774 | $861 | $853


Question: What was the cost of sales in 2019?
Answer: 624
13. CONTRIBUTED EQUITY
Capital raise On 4 September 2018, the Group undertook a fully underwritten $175.4m equity raising. This resulted in the issue of 105,677,937 new stapled securities (2018: $59.5m equity raising resulting in the issue of 39,712,882 stapled securities).
On 25 June 2019, the Group announced a fully underwritten $170m equity raising. On 28 June 2019, the Group received proceeds for this raising. This has been recognised as a contract for future issue of equity under AASB 132 and has been recognised as contributed equity within the statement of financial position. This resulted in the issue of 99,415,205 new stapled securities on 1 July 2019. These securities are not reflected in the securities on issue above as they were issued subsequent to the year end.
On 25 June 2019, the Group also announced a non-underwritten security purchase plan. This completed on 30 July 2019, raising $13.5m and resulted in the issue of 7,917,735 new stapled securities.
Distribution reinvestment plan During the year, 9,143,772 (2018: 6,480,246) stapled securities were issued to securityholders participating in the Group’s Distribution Reinvestment Plan for consideration of $16.2m (2018: $9.6m). The stapled securities were issued at the volume weighted average market price of the Group's stapled securities over a period of ten trading days, less a 2% discount.
Table:
 | 2019 | 2018
 | $'000 | $'000
Issued and paid up capital | 83,692 | 66,128
Contract for future issue of equity | 16,451 | -
Total contributed equity | 100,143 | 66,128
Number of stapled securities on Issue | 2019 | 2018
Opening balance at 1 July | 559,107,042 | 512,913,914
Institutional and retail placement | 105,677,937 | 39,712,882
Distribution reinvestment plan | 9,143,772 | 6,480,246
Closing balance at 30 June | 673,928,751 | 559,107,042


Question: What was the new stapled securities issued in 2019 and 2018?
Answer: 105,677,937, 39,712,882