hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
OPERATING EXPENSES
(1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
Fiscal 2019 fourth-quarter operating expenses increased by 1.6% (1.1% in constant currency) mainly from: • additional costs in the American broadband services segment mainly due to higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition;
Table:
Three months ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 147,815 | 153,560 | (3.7) | (3.8) | 73
American broadband services | 148,215 | 136,506 | 8.6 | 7.6 | 1,370
Inter-segment eliminations and other | 6,803 | 7,911 | (14.0) | (14.0) | (2)
 | 302,833 | 297,977 | 1.6 | 1.1 | 1,441


Question: What was the increase / (decrease) in the Inter-segment eliminations and other from three months ended August 31, 2018 to 2019?
Answer: -1108
Calculation: 6,803 - 7,911
10. Accrued and Other Current Liabilities
Accrued and other current liabilities consisted of the following:
Table:
 |  | Fiscal Year End
 | 2019 | 2018
 |  | (in millions)
Accrued payroll and employee benefits | $  455 | $  565
Dividends payable to shareholders | 308 | 303
Restructuring reserves | 245 | 141
Income taxes payable | 94 | 109
Deferred revenue | 36 | 27
Interest payable | 31 | 34
Share repurchase program payable | 18 | 94
Other | 426 | 438
Accrued and other current liabilities | $ 1,613 | $  1,711


Question: What was the percentage change in deferred revenue in 2019 from 2018?
Answer: 33.33
Calculation: (36-27)/27
NOTE 10 – FREIGHT RECEIVABLES
As of 31 December 2019, freight receivables included receivables at a value of USD 0.0m (2018: USD 0.0m 2017: USD 0.0m) that are individually determined to be impaired to a value of USD 0.0m (2018: USD 0.0m, 2017: USD 0.0m).
Management makes allowance for expected credit loss based on the simplified approach to provide for expected credit losses, which permits the use of the lifetime expected loss provision for all trade receivables. Expected credit loss for receivables overdue more than 180 days is 25%-100%, depending on category. Expected credit loss for receivables overdue more than one year is 100%.
Table:
USDm | 2019 | 2018 | 2017
Analysis as of 31 December of freight receivables: |  |  | 
Gross freight receivables: |  |  | 
Not yet due | 39.8 | 44.0 | 25.5
Due < 30 days | 22.5 | 18.8 | 26.0
Due between 30 and 180 days | 25.3 | 20.5 | 18.4
Due > 180 days | 6.0 | 4.4 | 2.7
Total gross | 93.6 | 87.7 | 72.6
Allowance for expected credit loss | 3.7 | 1.7 | 1.3
Total net | 89.9 | 86.0 | 71.3


Question: What was the percentage change in the total net gross freight receivables in 2019 from 2018?
Answer: 4.53
Calculation: (89.9-86.0)/86.0
Telecommunications Segment
Net revenue: Net revenue from our Telecommunications segment for the year ended December 31, 2019 decreased $97.5 million to $696.1 million from $793.6 million for the year ended December 31, 2018. The decrease can be attributed to changes in our customer mix, fluctuations in wholesale voice termination volumes and market pressures, which resulted in a decline in revenue contribution.
Cost of revenue: Cost of revenue from our Telecommunications segment for the year ended December 31, 2019 decreased $94.2 million to $684.9 million from $779.1 million for the year ended December 31, 2018. The decrease was directly correlated to the fluctuations in wholesale voice termination volumes, in addition to a slight reduction in margin mix attributed to market pressures on call termination rates.
Selling, general and administrative: Selling, general and administrative expenses from our Telecommunications segment for the year ended December 31, 2019 decreased $1.2 million to $8.2 million from $9.4 million for the year ended December 31, 2018. The decrease was primarily due to a decrease in compensation expense due to headcount decreases and reductions in bad debt expense.
Other operating expense: $4.5 million of other operating expense for the year ended December 31, 2019 was driven by impairment of goodwill as a result of declining performance at the segment.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Net revenue | $696.1 | $793.6 | $(97.5)
Cost of revenue | 684.9 | 779.1 | (94.2)
Selling, general and administrative | 8.2 | 9.4 | (1.2)
Depreciation and amortization | 0.3 | 0.3 | —
Other operating expense | 4.5 | — | 4.5
Income (loss) from operations | (1.8) | $4.8 | $(6.6)


Question: What was the percentage increase / (decrease) in the net revenue from 2018 to 2019?
Answer: -12.29
Calculation: 696.1 / 793.6 - 1
Disaggregated revenue
The Group’s revenues by geographic region based on end-users who purchased our products or services are as follows:
Revenues from the United States totaled approximately $529 million, $386 million, and $281 million for the fiscal years ended 2019, 2018, and 2017, respectively. Revenues from our country of domicile, the United Kingdom, totaled approximately $86 million, $63 million, and $46 million for the fiscal years ended 2019, 2018, and 2017, respectively. No one customer has accounted for more than 10% of revenue for the fiscal years ended 2019, 2018, and 2017.
Table:
 |  | Fiscal Year Ended June 30, | 
 | 2019 | 2018 | 2017
 |  | (U.S. $ in thousands) | 
 |  | *As Adjusted | *As Adjusted
Americas | $603,959 | $439,363 | $317,432
EMEA | 474,712 | 347,509 | 193,790
Asia Pacific | 131,456 | 94,106 | 115,462
 | $1,210,127 | $880,978 | $626,684


Question: What is the percentage constitution of the revenues from Asia Pacific among the total revenues in fiscal year ended 2017?
Answer: 18.42
Calculation: 115,462/626,684
3 Segmental reporting continued
Capital additions, depreciation, amortisation and impairment
Capital additions include property, plant and equipment of £59.0m (2018: £33.5m), of which £8.1m (2018: £0.2m) was from acquisitions in the period, and other intangible assets of £72.0m (2018: £19.0m) of which £60.2m (2018: £9.1m) relates to acquired intangibles from acquisitions in the period. Right-of-use asset additions of £48.9m occurred during the 12 month period to 31st December 2019, of which £36.1m relates to additions on 1st January 2019 as a result of transition to IFRS 16, £11.7m relates to new leases entered into in 2019 and £1.1m from acquisitions. Capital additions split between the UK and rest of the world are UK £36.8m (2018: £20.1m) and rest of the world £143.1m (2018: £32.4m).
Table:
 | 2019 | 2019 | 2018 | 2018
 | Capital additions | Depreciation, amortisation and impairment | Capital additions | Depreciation and amortisation
 | £m | £m | £m | £m
Steam Specialties | 57.7 | 35.8 | 27.9 | 30.1
Electric Thermal Solutions | 81.6 | 18.4 | 6.0 | 13.6
Watson-Marlow | 40.6 | 22.4 | 18.6 | 14.4
Group total | 179.9 | 76.6 | 52.5 | 58.1


Question: How were the capital additions in 2019 split?
Answer: Capital additions split between the UK and rest of the world are UK £36.8m (2018: £20.1m) and rest of the world £143.1m
the hartford financial services group , inc . notes to consolidated financial statements ( continued ) 5 . investments and derivative instruments ( continued ) collateral arrangements the company enters into various collateral arrangements in connection with its derivative instruments , which require both the pledging and accepting of collateral . as of december 31 , 2011 and 2010 , collateral pledged having a fair value of $ 1.1 billion and $ 790 , respectively , was included in fixed maturities , afs , in the consolidated balance sheets . from time to time , the company enters into secured borrowing arrangements as a means to increase net investment income . the company received cash collateral of $ 33 as of december 31 , 2011 and 2010 . the following table presents the classification and carrying amount of loaned securities and derivative instruments collateral pledged. .

Table:
 | december 31 2011 | december 31 2010
fixed maturities afs | $ 1086 | $ 823
short-term investments | 199 | 2014
total collateral pledged | $ 1285 | $ 823
as of december 31 , 2011 and 2010 , the company had accepted collateral with a fair value of $ 2.6 billion and $ 1.5 billion , respectively , of which $ 2.0 billion and $ 1.1 billion , respectively , was cash collateral which was invested and recorded in the consolidated balance sheets in fixed maturities and short-term investments with corresponding amounts recorded in other assets and other liabilities .
the company is only permitted by contract to sell or repledge the noncash collateral in the event of a default by the counterparty .
as of december 31 , 2011 and 2010 , noncash collateral accepted was held in separate custodial accounts and was not included in the company 2019s consolidated balance sheets .
securities on deposit with states the company is required by law to deposit securities with government agencies in states where it conducts business .
as of december 31 , 2011 and 2010 , the fair value of securities on deposit was approximately $ 1.6 billion and $ 1.4 billion , respectively. .

Question: what is the change in fair value of securities on deposits from 2010 to 2011 , ( in billions ) ?
Answer: 0.2
Calculation: subtract(1.6, 1.4)
Historical Cash Flows
The following table sets forth our cash flows for the periods indicated (in thousands):
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Cash flows from operating activities | $47,112 | $60,710 | $57,187
Cash flows used in investing activities | (73,414) | (13,377) | (168,795)
Cash flows (used in) / from financing activities | (130) | 2,399 | 67,303


Question: What was the change in Cash flows from operating activities between 2017 and 2018?
Answer: 3523
Calculation: 60,710-57,187
Note 9 - Software Development Costs
Capitalized software development costs as of December 31, 2019 and 2018 consisted of the following (in thousands):
The weighted average remaining amortization period for the Company’s software development costs is 1.61 years.
Amortization expense for capitalized software development costs was $1.025 million and $1.2 million for each of the years ended December 31, 2019 and 2018.
Table:
 | As of December 31, | 
 | 2019 | 2018
Capitalized software development costs | $6,029 | $5,102
Accumulated amortization | (4,485) | (3,412)
Software development costs, net | 1,544 | $1,690


Question: What was the weighted average remaining amortization period for the Company’s software development costs?
Answer: 1.61 years
3. Investment in Unconsolidated Entities
The Company has several investments in unconsolidated entities that are accounted for using the equity method of accounting. Red River Valley Egg Farm, LLC ("Red River") operates a cage-free shell egg production complex near Bogota, Texas. Specialty Eggs, LLC ("Specialty Eggs") owns the Egg-Land's Best franchise for most of Georgia and South Carolina, as well as a portion of western North Carolina and eastern Alabama. Southwest Specialty Eggs, LLC ("Southwest Specialty Eggs") owns the Egg-Land's Best franchise for Arizona, southern California and Clark County, Nevada (including Las Vegas). As of June 1, 2019, the Company owns 50% of each of Red River, Specialty Eggs, and Southwest Specialty Eggs. Equity method investments are included in “Investments in unconsolidated entities” in the accompanying Consolidated Balance Sheets and totaled $60.7 million and $64.2 million at June 1, 2019 and at June 2, 2018, respectively.
Equity in income of unconsolidated entities of $4.8 million, $3.5 million, and $1.4 million from these entities has been included in the Consolidated Statements of Operations for fiscal 2019, 2018, and 2017, respectively.
The condensed consolidated financial information for the Company's unconsolidated joint ventures was as follows (in thousands):
The Company is a member of Eggland’s Best, Inc. (“EB”), which is a cooperative. At June 1, 2019 and June 2, 2018, “Other long-term assets” as shown on the Company’s Consolidated Balance Sheet includes the cost of the Company’s investment in EB plus any qualified written allocations. The Company cannot exert significant influence over EB’s operating and financial activities; therefore, the Company accounts for this investment using the cost method. The carrying value of this investment at June 1, 2019 and June 2, 2018 was $2.6 million and $2.6 million, respectively.
Table:
 |  | For the fiscal year ended | 
 | June 1, 2019 | June 2, 2018 | June 3, 2017
Net sales | $112,396 | $107,705 | $86,072
Net income | 9,490 | 7,071 | 2,804
Total assets | 128,470 | 134,056 | 131,871
Total liabilities | 7,600 | 5,859 | 6,543
Total equity | 120,870 | 128,197 | 125,328


Question: What is the Return on Assets in 2019?
Answer: 7.39
Calculation: 9,490 / 128,470
By region of shipment, in the 2019 fourth quarter, Asia Pacific revenues grew sequentially by 10.6%, principally in Imaging, Analog and Microcontrollers, Americas was up by 10.5%, mainly driven by Digital and Power Discrete, and EMEA decreased by 2.0%.
On a year-over-year basis, revenues grew 9.9% in Asia Pacific, mainly due to Analog, Microcontrollers and Imaging. In Americas, revenues grew 5.4%, mainly driven by Digital and Power Discrete, while it decreased by 12.8% in EMEA, mainly due to lower sales in Automotive, Power Discrete and  analog.
Table:
 |  | Three Months Ended |  | % Variation | 
 | December 31, 2019 | September 29, 2019 | December 31, 2018 | Sequential | Year-Over-Year
 |  |  | (Unaudited, in millions) |  | 
EMEA | $538 | $549 | $617 | (2.0)% | (12.8)%
Americas | 360 | 326 | 342 | 10.5 | 5.4
Asia Pacific | 1,856 | 1,678 | 1,689 | 10.6 | 9.9
Total | $2,754 | $2,553 | $2,648 | 7.9% | 4.0%


Question: What is the increase / (decrease) in the EMEA revenue from 2018 to 2019?
Answer: -79
Calculation: 538 - 617
16. FINANCIAL INSTRUMENTS AND OTHER FAIR VALUE DISCLOSURES
The majority of NAT and its subsidiaries’ transactions, assets and liabilities are denominated in United States dollars, the functional currency of the Company. There is no significant risk that currency fluctuations will have a negative effect on the value of the Company’s cash flows.
The Company categorizes its fair value estimates using a fair value hierarchy based on the inputs used to measure fair value for those assets that are recorded on the Balance Sheet at fair value. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value as follows:
Level 1. Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.
Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and
Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
The following methods and assumptions were used to estimate the fair value of each class of financial instruments and other financial assets.
-  The carrying value of cash and cash equivalents and marketable securities, is a reasonable estimate of fair value.
-  The estimated fair value for the long-term debt is considered to be equal to the carrying values since it bears spreads and variable interest rates which approximate market rates.
The carrying value and estimated fair value of the Company`s financial instruments at December 31, 2019 and 2018, are as follows:
* The 2019 Senior Secured Credit Facility and Vessel financing 2018 Newbuildings carry a floating LIBOR interest rate, plus a margin and the fair value is assumed to equal the carrying value.
Table:
All figures in USD ‘000  | Fair Value
Hierarchy
Level | 2019
Fair
Value | 2019
Carrying
Value | 2018
Fair
Value | 2018
Carrying
Value
Recurring:                |  |  |  |  | 
Cash and Cash Equivalents   | 1 | 48,847 | 48,847 | 49,327 | 49,327
Restricted Cash   | 1 | 12,791 | 12,791 | - | -
Credit Facility   | 2 | - | - | (313,400) | (313,400)
2019 Senior Secured Credit Facility*   | 2 | (291,798) | (291,798) | - | -
Investment Securities   | 1 | 825 | 825 | 4,197 | 4,197
Vessel financing 2018 Newbuildings*   | 2 | (119,867) | (119,867) | (127,140) | (127,140)


Question: What is the average value of the 2018 and 2019 fair value of the company's cash and cash equivalents?
Answer: 49087
Calculation: (49,327 + 48,847)/2
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
26. Derivative Financial Instruments
The fair value of the derivative assets is as follows:
Table:
 | As of December 31, | 
 | 2018 | 2019
Derivative assets carried at fair value through profit or loss (FVTPL) |  | 
Interest rate swaps | 15,188 | 18
Forward foreign exchange contracts | — | 389
Derivative assets designated and effective as hedging instruments carried at fair value |  | 
Cross currency swaps | — | 3,594
Total | 15,188 | 4,001
Derivative financial instruments, current assets | 6,222 | 429
Derivative financial instruments, non-current assets | 8,966 | 3,572
Total | 15,188 | 4,001


Question: What was the change in fair value of interest rate swaps from 2018 to 2019?
Answer: -15170
Calculation: 18 - 15,188
NOTE 10 – FREIGHT RECEIVABLES
As of 31 December 2019, freight receivables included receivables at a value of USD 0.0m (2018: USD 0.0m 2017: USD 0.0m) that are individually determined to be impaired to a value of USD 0.0m (2018: USD 0.0m, 2017: USD 0.0m).
Management makes allowance for expected credit loss based on the simplified approach to provide for expected credit losses, which permits the use of the lifetime expected loss provision for all trade receivables. Expected credit loss for receivables overdue more than 180 days is 25%-100%, depending on category. Expected credit loss for receivables overdue more than one year is 100%.
Table:
USDm | 2019 | 2018 | 2017
Analysis as of 31 December of freight receivables: |  |  | 
Gross freight receivables: |  |  | 
Not yet due | 39.8 | 44.0 | 25.5
Due < 30 days | 22.5 | 18.8 | 26.0
Due between 30 and 180 days | 25.3 | 20.5 | 18.4
Due > 180 days | 6.0 | 4.4 | 2.7
Total gross | 93.6 | 87.7 | 72.6
Allowance for expected credit loss | 3.7 | 1.7 | 1.3
Total net | 89.9 | 86.0 | 71.3


Question: What was the change in the total net gross freight receivables in 2019 from 2018?
Answer: 3.9
Calculation: 89.9-86.0
The following table provides a reconciliation from U.S. GAAP Net income to non-GAAP Adjusted net income (amounts in thousands):
(1) Fiscal years ending March 31, 2018 and 2017 adjusted due to the adoption of ASC 606.
(2) $0.9 million in costs incurred during fiscal year 2018 related to the relocation of the Company's tantalum powder facility equipment from Carson City, Nevada to its existing Matamoros, Mexico plant were reclassified from “Plant start-up costs” to “Restructuring charges” during fiscal year 2019.
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Net income (GAAP) (1) | $206,587 | $254,127 | $47,157
Non-GAAP adjustments: |  |  | 
Equity (income) loss from equity method investments | 3,304 | (76,192) | (41,643)
Acquisition (gain) loss | — | (130,880) | —
Change in value of TOKIN options | — | — | (10,700)
(Gain) loss on write down and disposal of long-lived assets | 1,660 | (992) | 10,671
Restructuring charges (2) | 8,779 | 14,843 | 5,404
R&D grant reimbursements and grant income | (4,559) | — | —
ERP integration costs/IT transition costs | 8,813 | 80 | 7,045
Stock-based compensation | 12,866 | 7,657 | 4,720
Legal expenses/fines related to antitrust class actions | 11,896 | 16,636 | 2,640
Net foreign exchange (gain) loss | (7,230) | 13,145 | (3,758)
TOKIN investment-related expenses | — | — | 1,101
Plant start-up costs (2) | (927) | 929 | 427
Amortization included in interest expense | 1,872 | 2,467 | 761
Income tax effect of non-GAAP adjustments | (50,012) | (30) | (741)
Loss on early extinguishment of debt | 15,946 | 486 | —
Adjusted net income (non-GAAP) (1) | $208,995 | $102,276 | $23,084


Question: What was the change in the Legal expenses/fines related to antitrust class actions between 2017 and 2018?
Answer: 13996
Calculation: 16,636-2,640
The following table sets forth the breakdown of revenues by category and segment. Travel revenue includes travel publications (Top 20, Website, Newsflash, Travelzoo Network), Getaway vouchers and hotel platform. Local revenue includes Local Deals vouchers and entertainment offers (vouchers and direct bookings) (in thousands).
Revenue by geography is based on the billing address of the advertiser. Long-lived assets attributed to the U.S. and international geographies are based upon the country in which the asset is located or owned.
Table:
Year Ended December 31, |  | 
 | 2019 | 2018
Asia Pacific |  | 
Travel | $6,274 | $7,351
Local | 216 | 508
Total Asia Pacific revenues | 6,490 | 7,859
Europe |  | 
Travel | 32,081 | 30,856
Local | 4,817 | 5,293
Total Europe revenues | 36,898 | 36,149
North America |  | 
Travel | 57,863 | 56,145
Local | 10,161 | 11,169
Total North America revenues | 68,024 | 67,314
Consolidated |  | 
Travel | 96,218 | 94,352
Local | 15,194 | 16,970
Total revenues | $111,412 | 111,322


Question: What is the change in total revenues between 2018 and 2019?
Answer: 90
Calculation: 111,412-111,322
Europe
Europe net revenues increased $749,000 in 2019 compared to 2018 (see “Revenues” above). Europe expenses increased $1.3 million from 2018 to 2019 primarily due to increased marketing costs.
Foreign currency movements relative to the U.S. dollar negatively impacted our local currency income from our operations in Europe by approximately $207,000 and $181,000 for 2019 and 2018, respectively.
Table:
Year Ended December 31, |  | 
 | 2019 | 2018
(In thousands) |  | 
Revenues | $36,898 | $36,149
Income from operations | $4,461 | $4,973
Income from operations as a % of revenues | 12% | 14%


Question: What is the income from operations in 2019 and 2018 respectively?
Answer: $4,461, $4,973