hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Pension benefit commitments
For fiscal 2019, Managing Board members were granted contributions under the BSAV totaling € 5.6 million (2018: € 5.4 million), based on a Supervisory Board decision from November 7, 2019. Of this amount, € 0.02 million (2018: € 0.03 million) relates to the funding of pension commitments earned prior to the transfer to the BSAV.
The expense recognized in fiscal 2019 as a service cost under IFRS for Managing Board members’ entitlements under the BSAV in fiscal 2019 totaled € 5.4 million (2018: € 5.3 million).
Contributions under the BSAV are added to the individual pension accounts in the January following each fiscal year. Until pension payments begin, members’ pension accounts are credited with an annual interest payment (guaranteed interest) on January 1 of each year. The interest rate is currently 0.90%.
The following table shows the individualized contributions (allocations) under the BSAV for fiscal 2019 as well as the defined benefit obligations for pension commitments:
In fiscal 2019, former members of the Managing Board and their surviving dependents received emoluments within the meaning of Section 314 para. 1 No. 6 b of the German Commercial Code totaling € 21.09 million (2018: € 39.9 million).
The defined benefit obligation (DBO) of all pension commitments to former members of the Managing Board and their surviving dependents as of September 30, 2019, amounted to €175.7 million (2018: €168.2 million). This figure is included in NOTE 17 in B.6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
1 Deferred compensation totals € 4,125,612 (2018: € 4,115,237), including € 3,703,123 for Joe Kaeser (2018: € 3,694,439), € 361,494 for Klaus Helmrich (2018: € 362,606) and € 60,995 for Prof. Dr. Ralf P. Thomas (2018: € 58,192).
2 In accordance with the provisions of the BSAV, benefits to be paid to Lisa Davis are not in any way secured or funded through the trust associated with the Company’s BSAV plan or with any other trust. They represent only an unsecured, unfunded legal obligation on the part of the Company to pay such benefits in the future under certain conditions, and the payout will only be made from the Company’s general assets.
Table:
 |  | Total contributions for | Defined benefit obligation for all pension commitments excluding deferred compensation 1 | 
(in €) | 2019 | 2018 | 2019 | 2018
Managing Board members in office as of September 30, 2019 |  |  |  | 
Joe Kaeser | 1,234,800 | 1,210,440 | 14,299,267 | 12,970,960
Dr. Roland Busch | 616,896 | 604,800 | 6,071,233 | 5,121,226
Lisa Davis 2 | 616,896 | 604,800 | 5,701,811 | 5,322,537
Klaus Helmrich | 616,896 | 604,800 | 6,473,904 | 5,714,522
Janina Kugel | 616,896 | 604,800 | 2,674,432 | 2,157,427
Cedrik Neike | 616,896 | 604,800 | 2,349,895 | 1,757,258
Michael Sen | 616,896 | 604,800 | 1,862,660 | 1,239,785
Prof. Dr. Ralf P. Thomas | 616,896 | 604,800 | 6,184,498 | 5,235,121
Total | 5,553,072 | 5,444,040 | 45,617,700 | 39,518,836


Question: What percentage of total compensation was Michael Sen's salary?
Answer: 11.11
Calculation: 616,896 / 5,553,072
Foreign exchange earnings and outgo
Export revenue constituted 93.3 percent of the total unconsolidated revenue in FY 2019 (92.2 percent in FY 2018).
Table:
 |  | (` crore)
Foreign exchange earnings and outgo | FY 2019 | FY 2018
a. Foreign exchange earnings | 119,499 | 92,258
b. CIF Value of imports | 447 | 768
c.Expenditure in foreign currency | 49,336 | 33,014


Question: What information does the table show?
Answer: Foreign exchange earnings and outgo
NOTE 11 – OTHER RECEIVABLES
No significant other receivables are past due or credit impaired.
The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.
Table:
USDm | 2019 | 2018
Partners and commercial managements | 1.9 | -
Derivative financial instruments | 0.5 | 3.7
Tax receivables | 1.5 | 1.2
Other | 2.3 | 2.6
Balance as of 31 December | 6.2 | 7.5


Question: What was the percentage change in the Balance as of 31 December from 2018 to 2019?
Answer: -17.33
Calculation: (6.2-7.5)/7.5
5. Software Development and Intellectual Property Licenses
The following table summarizes the components of our capitalized software development costs (amounts in millions):
As of both December 31, 2019 and December 31, 2018, capitalized intellectual property licenses were not material.
Table:
 | At December 31, | 
 | 2019 | 2018
Internally-developed software costs | $345 | $291
Payments made to third-party software developers | 31 | 38
Total software development costs | $376 | $329


Question: What was the change in payments made to third-party software developers between 2018 and 2019?
Answer: -7
Calculation: 31-38
16. Quarterly Financial Data: (unaudited, amount in thousands, except per share data):
During the Company's second quarter of fiscal 2019 and second quarter of fiscal 2018, we recorded $2.3 million and $80.8 million, respectively, primarily related to the legal settlement of several antitrust claims against the Company. Also during the second quarter of fiscal 2018, the Tax Cuts and Jobs Act of 2017 was enacted. This resulted in an initial revaluation of our deferred tax liabilities during the third quarter which favorably impacted our results by $35.0 million. In the fourth quarter of fiscal 2018, we completed our analysis of the Act and recorded additional tax benefit of $8.0 million.
Table:
 | Fiscal Year 2019 |  |  | 
 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter
Net sales | $340,583 | $356,040 | $383,993 | $280,572
Gross profit | 57,128 | 70,535 | 82,441 | 12,755
Net income (loss) attributable to Cal-Maine Foods, Inc. | 12,406 | 21,807 | 39,777 | (19,761)
Net income (loss) per share: |  |  |  | 
Basic | $0.26 | $0.45 | $0.82 | $(0.41)
Diluted | $0.26 | $0.45 | $0.82 | $(0.41)
 | Fiscal Year 2018 |  |  | 
 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter
Net sales | $262,845 | $361,172 | $435,820 | $443,095
Gross profit | 17,336 | 82,396 | 120,098 | 141,216
Net income (loss) attributable to Cal-Maine Foods, Inc. | (15,993) | (26,136) | 96,294 | 71,767
Net income (loss) per share: |  |  |  | 
Basic | $(0.33) | $(0.54) | $1.99 | $1.48
Diluted | $(0.33) | $(0.54) | $1.99 | $1.48


Question: What is the percentage increase / (decrease) in the diluted net income (loss) per share from 2019 to 2018?
Answer: -58.79
Calculation: 0.82 / 1.99 - 1
The Company sells its products to distributors and original equipment manufacturers (OEMs) in a broad range of market segments, performs on-going credit evaluations of its customers and, as deemed necessary, may require collateral, primarily letters of credit. The Company's operations outside the U.S. consist of product assembly and final test facilities in Thailand, and sales and support centers and design centers in certain foreign countries. Domestic operations are responsible for the design, development and wafer fabrication of products, as well as the coordination of production planning and shipping to meet worldwide customer commitments. The Company's Thailand assembly and test facility is reimbursed in relation to value added with respect to assembly and test operations and other functions performed, and certain foreign sales offices receive compensation for sales within their territory. Accordingly, for financial statement purposes, it is not meaningful to segregate sales or operating profits for the assembly and test and foreign sales office operations. Identifiable long-lived assets (consisting of property, plant and equipment net of accumulated amortization) by geographic area are as follows (in millions):
Sales to unaffiliated customers located outside the U.S., primarily in Asia and Europe, aggregated approximately 80% of consolidated net sales for fiscal 2019 and approximately 85% and 84% of net sales during fiscal 2018 and fiscal 2017, respectively. Sales to customers in Europe represented approximately 23% of consolidated net sales for fiscal 2019 and approximately 24% of consolidated net sales for each of fiscal 2018 and fiscal 2017. Sales to customers in Asia represented approximately 52% of consolidated net sales for fiscal 2019 and approximately 58% of consolidated net sales for each of fiscal 2018 and 2017. Within Asia, sales into China represented approximately 22%, 30% and 32% of consolidated net sales for fiscal 2019, 2018 and 2017, respectively. Sales into Taiwan represented approximately 13%, 11% and 9% of consolidated net sales for fiscal 2019, 2018 and 2017, respectively. Sales into any other individual foreign country did not exceed 10% of the Company's net sales for any of the three years presented.
With the exception of Arrow Electronics, the Company's largest distributor, which made up 10% of net sales, no other distributor or end customer accounted for more than 10% of net sales in fiscal 2019. In fiscal 2018 and fiscal 2017, no distributor or end customer accounted for more than 10% of net sales.
Table:
 | March 31, | 
 | 2019 | 2018
United States | $521.1 | $393.3
Thailand | 209.3 | 215.5
Various other countries | 266.3 | 159.1
Total long-lived assets | $996.7 | $767.9


Question: Which years does the table provide information for Identifiable long-lived assets (consisting of property, plant and equipment net of accumulated amortization) by geographic area?
Answer: 2019, 2018
Irish SIP
The weighted average market value per ordinary share for Irish SIP options exercised in 2019 was 350.0p (2018: 387.5p). The SIP shares outstanding at 31 March 2018 have fully vested (2018: had a weighted average remaining vesting period of 0.1 years). Options exercised prior to the vesting date relate to those attributable to good leavers as defined by the scheme rules.
Table:
 | 2019 | 2018
 | Number | Number
Outstanding at 1 April | 35,922 | 44,431
Dividend shares awarded | – | 788
Forfeited | – | (7,950)
Exercised | (30,506) | (1,347)
Outstanding at 31 March | 5,416 | 35,922
Vested and outstanding at 31 March | 5,416 | –


Question: What was the percentage change in the amount Outstanding at 1 April in 2019 from 2018?
Answer: -19.15
Calculation: (35,922-44,431)/44,431
Share Options
The Company estimates the fair value of employee share options on the date of grant using the Black-Scholes option-pricing model, which requires the use of highly subjective estimates and assumptions. The Company estimates the expected term of share options for service-based awards utilizing the “Simplified Method,” as it does not have sufficient historical share option exercise information on which to base its estimate. The Simplified Method is based on the average of the vesting tranches and the contractual life of each grant.
The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the share option. Since there was no public market for the Company’s ordinary shares prior to the IPO and as its shares have been publicly traded for a limited time, the Company determined the expected volatility for options granted based on an analysis of reported data for a peer group of companies that issue options with substantially similar terms.
The expected volatility of options granted has been determined using an average of the historical volatility measures of this peer group of companies. The Company uses an expected dividend rate of zero as it currently has no history or expectation of paying dividends on its ordinary shares. The fair value of the Company’s ordinary shares at the time of each share option grant is based on the closing market value of its ordinary shares on the grant date.
The fair value of each share option grant was estimated using the Black-Scholes option-pricing model that used the following weighted-average assumptions:
The weighted-average per share fair value of share options granted to employees during the years ended March 31, 2019, 2018 and 2017 was $16.48, $11.12 and $8.65 per share, respectively.
Table:
 |  | Year ended March 31,  | 
 | 2019 | 2018 | 2017
Expected term (in years) | 6.1 | 6.1 | 6.1
Risk-free interest rate | 2.7% | 2.2% | 2.1%
Expected volatility | 41.5% | 39.8% | 41.0%
Expected dividend yield   | —% | —% | —%
Estimated grant date fair value per ordinary share | $37.15 | $26.52 | $20.22


Question: Which model is used to estimate the fair value of employee share option?
Answer: Black-Scholes option-pricing model
4.4 Operating costs
Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers.
Labour costs (net of capitalized costs) include wages, salaries and related taxes and benefits, post-employment benefit plans service cost, and other labour costs, including contractor and outsourcing costs
Other operating costs include marketing, advertising and sales commission costs, bad debt expense, taxes other than income taxes, IT costs, professional service fees and rent
BCE Total BCE operating costs declined by 0.5% in 2019, compared to last year, driven by reduced costs in Bell Media of 2.5%, while costs in Bell Wireless and Bell Wireline remained relatively stable year over year. These results reflected the benefit from the adoption of IFRS 16 in 2019.
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Bell Wireless | (5,300) | (5,297) | (3) | (0.1%)
Bell Wireline | (6,942) | (6,946) | 4 | 0.1%
Bell Media | (2,367) | (2,428) | 61 | 2.5%
Inter-segment eliminations | 751 | 738 | 13 | 1.8%
Total BCE operating costs | (13,858) | (13,933) | 75 | 0.5%


Question: What is the percentage of the costs incurred by Bell Wireline out of the total BCE operating costs in 2019?
Answer: 50.09
Calculation: -6,942/-13,858
Fourth quarter gross profit was $1,081 million and gross margin was 39.3%. On a sequential basis, gross margin increased 140 basis points, mainly driven by improved product mix and better manufacturing efficiencies.
Gross margin decreased 70 basis points year-over-year, mainly impacted by price pressure and unsaturation charges, partially offset by improved manufacturing efficiencies, better product mix and favorable currency effects, net of hedging.
Table:
 |  | Three Months Ended |  | Variation | 
 | December 31, 2019 | September 29, 2018 | December 31, 2018 | Sequential | Year-Over-Year
 |  | (Unaudited, in millions) |  |  | 
Gross profit | $ 1,081 | $ 967 | $ 1,059 | 11.8% | 2.0%
Gross margin (as percentage of net revenues) | 39.3% | 37.9% | 40.0% | +140 bps | -70 bps


Question: What led to the decrease in the gross margin year-over-year
Answer: mainly impacted by price pressure and unsaturation charges, partially offset by improved manufacturing efficiencies, better product mix and favorable currency effects, net of hedging.
Hardware
Hardware sales, net decreased $1.5 million, or -10% in 2019 compared to 2018. We adopted the new ASC 606 standard as of January 1, 2018 and elected to use the modified retrospective method. Historical hardware sales prior to the adoption of ASC 606 were recorded on a gross basis, as we were the principal in the transaction in accordance with the previous standard, ASC 605-45. Under the new standard, we are an agent in the transaction as we do not physically control the hardware which we sell. Accordingly, starting January 1, 2018, we recognize our hardware revenue net of related cost which reduces both hardware revenue and cost of sales as compared to our accounting prior to 2018. For comparison purposes only, had we implemented ASC 606 using the full retrospective method, we would have also presented hardware revenue net of cost for prior periods as shown below.
The majority of hardware sales are derived from our Americas segment. Sales of hardware are largely dependent upon customer- specific desires, which fluctuate.
Table:
 |  |  |  | Year Ended December 31, | 
 |  |  |  | % Change vs.Prior Year | 
2019 | 2019 | 2018 | 2017 | 2019 | 2018
Hardware Revenue (Pre ASC 606 Adoption) | $44,972 | $49,914 | $43,190 | -10% | 16%
Cost of hardware | -32,455 | -35,947 | - 32,205 | -10% | 12%
Hardware Revenue, net (Post ASC 606 Adoption) | $12,517 | $13,967 | $ 10,985 | -10% | 27%


Question: When is ASC 606 being adopted by the company?
Answer: January 1, 2018
Equity Method We own 20.51%of GTE Mobilnet of Texas RSA #17 Limited Partnership (“RSA #17”), 16.67% of Pennsylvania RSA 6(I) Limited Partnership (“RSA 6(I)”) and 23.67% of Pennsylvania RSA 6(II) Limited Partnership (“RSA 6(II)”). RSA #17 provides cellular service to a limited rural area in Texas.
RSA 6(I) and RSA 6(II) provide cellular service in and around our Pennsylvania service territory. Because we have significant influence over the operating and financial policies of these three entities, we account for the investments using the equity method. In connection with the adoption of ASC 606 by our equity method partnerships, the value of our combined partnership interests increased $1.8 million, which is reflected in the cumulative effect adjustment to retained earnings during the year ended December 31, 2018.
In 2019, 2018 and 2017, we received cash distributions from these partnerships totaling $19.0 million, $21.8 million and $17.2 million, respectively. The carrying value of the investments exceeds the underlying equity in net assets of the partnerships by $32.8 million as of December 31, 2019 and 2018.
The combined results of operations and financial position of our three equity investments in the cellular limited partnerships are summarized below:
Table:
(In thousands) | 2019 | 2018 | 2017
Total revenues | $ 349,640 | $ 346,251 | $ 350,611
Income from operations | 100,182 | 100,571 | 104,973
Net income before taxes | 99,146 | 99,408 | 103,497
Net income | 99,146 | 99,408 | 103,497
Current assets | $ 80,655 | $ 75,040 | $ 78,782
Non-current assets | 156,672 | 103,996 | 95,959
Current liabilities | 33,292 | 24,719 | 22,472
Non-current liabilities | 92,477 | 51,840 | 51,463
Partnership equity | 111,558 | 102,478 | 100,806


Question: What was the increase / (decrease) in the total revenues from 2018 to 2019?
Answer: 3389
Calculation: 349,640 - 346,251
A.4.1 Orders and revenue by region
Positive currency translation effects added one percentage point each to order and revenue growth; portfolio transactions had only minimal effects on volume growth year-over-year. The resulting ratio of orders to revenue (book-to-bill) for Siemens in fiscal 2019 was a strong 1.13, again well above 1. The order backlog was € 146 billion as of September 30, 2019, a new high.
1 As defined by the International Monetary Fund.
Orders related to external customers were clearly up year-overyear on growth in nearly all industrial businesses, led by Mobility. Gas and Power, Siemens Healthineers, Smart Infrastructure and SGRE all posted clear growth, while orders declined slightly in Digital Industries. Volume from large orders for Industrial Businesses overall was up substantially due to a sharp increase at Mobility, but also due to a significant increase in SGRE and Gas and Power. Growth in emerging markets was driven by orders from China, and from Russia where Mobility won a € 1.2 billion contract for high-speed trains including maintenance.
Order development was mixed in the Europe, C. I. S., Africa, Middle East region. The majority of industrial businesses posted order growth, led by double-digit growth in Mobility, which won several large contracts in the year under review. This increase was more than offset by a substantial decline in SGRE due mainly to a lower volume from large orders and a decrease in Digital Industries. In contrast to the region overall, orders were up clearly in Germany, driven by sharp growth in Gas and Power which recorded, among others, a large high voltage direct current (HVDC) order. Mobility recorded a significant increase in order intake in Germany, while the other industrial businesses posted declines.
Orders in the Americas region were up significantly year-over-year, benefiting from positive currency translation effects. Double-digit growth in nearly all industrial businesses was led by SGRE and Mobility with particularly sharp increases. The pattern of order development in the U. S. was largely the same as in the Americas region.
In the Asia, Australia region, orders also rose significantly due to growth in nearly all industrial businesses. The primary growth driver was SGRE, which recorded a sharply higher volume from large orders, including two large orders for offshore wind-farms
including service in Taiwan totaling € 2.3 billion. Orders for Mobility dropped substantially compared to the prior year. Clear growth in China included a majority of industrial businesses.
Table:
 |  | Fiscal year |  | % Change
(in millions of €) | 2019 | 2018 | Actual | Comp.
Europe, C. I. S., Africa, Middle East | 46,086 | 46,495 | (1)% | (1)%
therein: Germany | 12,021 | 11,254 | 7% | 7%
Americas | 29,812 | 25,060 | 19% | 14%
therein: U.S. | 21,166 | 18,106 | 17% | 10%
Asia, Australia | 22,101 | 19,742 | 12% | 11%
therein: China | 8,989 | 8,459 | 6% | 6%
Siemens | 97,999 | 91,296 | 7% | 6%
therein: emerging markets1 | 31,720 | 30,564 | 4% | 4%


Question: What was the average orders in the Americas region in 2019 and 2018?
Answer: 27436
Calculation: (29,812 + 25,060) / 2
Net revenue: Net revenue from our Energy segment for the year ended December 31, 2019 increased $18.3 million to $39.0 million from $20.7 million for the year ended December 31, 2018. The increase was primarily driven by the AFTC related to the 2018 and 2019 CNG sales that was recognized in the fourth quarter of 2019, inclusive of prior period AFTC at the acquired ampCNG stations which was also recognized in 2019. The increase was also driven by higher volume-related revenues from the recent acquisition of the ampCNG stations and growth in CNG sales volumes.
Cost of revenue: Cost of revenue from our Energy segment for the year ended December 31, 2019 increased $5.9 million to $17.1 million from $11.2 million for the year ended December 31, 2018. The increase was due to overall growth in volumes of gasoline gallons delivered and higher commodity and utility costs driven by the acquisition of ampCNG stations.
Selling, general and administrative: Selling, general and administrative expenses from our Energy segment for the year ended December 31, 2019 increased $0.9 million to $4.9 million from $4.0 million for the year ended December 31, 2018. The increase was driven by an increase in salaries and benefits largely due to the of the acquisition of ampCNG stations, which were acquired late in the second quarter of 2019, partially offset by a one-time expense in the prior year related to the abandonment of a station development project.
Depreciation and amortization from our Energy segment for the year ended December 31, 2019 increased $1.4 million to $6.9 million from $5.5 million for the year ended December 31, 2018. The increase was due to additional depreciation and amortization from the recent acquisition of ampCNG stations.
Other operating expense from our Energy segment was a loss of $0.5 million for the year ended December 31, 2018, driven by impairment of certain stations during the fourth quarter of 2018.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Net revenue | $39.0 | $20.7 | $18.3
Cost of revenue | 17.1 | 11.2 | 5.9
Selling, general and administrative | 4.9 | 4.0 | 0.9
Depreciation and amortization | 6.9 | 5.5 | 1.4
Other operating expense | — | 0.5 | (0.5)
Income (loss) from operations | 10.1 | $(0.5) | $10.6


Question: What was the average cost of revenue?
Answer: 14.15
Calculation: (17.1 + 11.2) / 2