hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ALTERNATIVE PERFORMANCE MEASURES – continued
Liquidity: TORM defines liquidity as available cash, comprising cash and cash equivalents, including restricted cash, as well as undrawn credit facilities.
TORM finds the APM important as the liquidity expresses TORM’s financial position, ability to meet current liabilities and cash buffer. Furthermore, it expresses TORM’s ability to act and invest when possibilities occur.
Table:
USDm | 2019 | 2018 | 2017
Cash and cash equivalents, including restricted cash | 72.5 | 127.4 | 134.2
Undrawn credit facilities | 173.1 | 278.7 | 270.7
Liquidity | 245.6 | 406.1 | 404.9


Question: What was the percentage change in liquidity in 2019 from 2018?
Answer: -39.52
Calculation: (245.6-406.1)/406.1
other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters . the loan has a seven year term and maturity date of december 2019 . the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty . the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above . the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property . as of december 31 , 2017 and 2016 , the outstanding balance on the loan was $ 40.0 million and $ 42.0 million , respectively . the weighted average interest rate on the loan was 2.5% ( 2.5 % ) and 2.0% ( 2.0 % ) for the years ended december 31 , 2017 and 2016 , respectively . the following are the scheduled maturities of long term debt as of december 31 , 2017 : ( in thousands ) .

Table:
2018 | $ 27000
2019 | 63000
2020 | 25000
2021 | 86250
2022 | 2014
2023 and thereafter | 600000
total scheduled maturities of long term debt | $ 801250
current maturities of long term debt | $ 27000
interest expense , net was $ 34.5 million , $ 26.4 million , and $ 14.6 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .
amortization of deferred financing costs was $ 1.3 million , $ 1.2 million , and $ 0.8 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .
7 .
commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .
the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .
the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2017 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .
the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2017 as well as .

Question: what is the percentage increase in interest expense from 2016 to 2017?
Answer: 30.7%
Calculation: subtract(34.5, 26.4), divide(#0, 26.4)
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years . the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2002 and assumes reinvestment of all dividends . comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/02 5/03 5/04 5/05 5/06 5/07 global payments inc . s&p 500 s&p information technology * $ 100 invested on 5/31/02 in stock or index-including reinvestment of dividends . fiscal year ending may 31 . global payments s&p 500 information technology .

Table:
 | global payments | s&p 500 | s&p information technology
may 31 2002 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2003 | 94.20 | 91.94 | 94.48
may 31 2004 | 129.77 | 108.79 | 115.24
may 31 2005 | 193.30 | 117.75 | 116.29
may 31 2006 | 260.35 | 127.92 | 117.14
may 31 2007 | 224.24 | 157.08 | 144.11
issuer purchases of equity securities on april 5 , 2007 , our board of directors authorized repurchases of our common stock in an amount up to $ 100 million .
the board has authorized us to purchase shares from time to time as market conditions permit .
there is no expiration date with respect to this authorization .
no amounts have been repurchased during the fiscal year ended may 31 , 2007. .

Question: in comparison to overall information technology sector , how much percentage would global payments have earned the investor .
Answer: global payments would have earned an 80.13% greater return than the overall information technology sector .
Calculation: subtract(224.24, const_100), subtract(144.11, const_100), subtract(#0, #1)
Global Business Services
* Recast to reflect segment changes.
Global Business Services revenue increased compared to 2017 driven by strong growth in Consulting, led by key offerings in digital Global Business Services revenue increased compared to 2017 driven by strong growth in Consulting, led by key offerings in digital and cloud application, where the business has brought together technology and industry expertise to help clients on their digital journey. GPS grew year to year, while Application Management revenue was flat as reported and declined adjusted for currency compared to 2017.
While we continued to help clients move to the cloud with offerings such as Cloud Migration Factory and cloud application development, there were continued declines in the more traditional application management engagements. Within GBS, cloud revenue of $4.7 billion grew 20 percent as reported and 19 percent adjusted for currency compared to the prior year.
Table:
($ in millions) |  |  |  | 
For the year ended December 31: | 2018 | 2017 | Yr.-to-Yr. Percent Change | Yr.-to-Yr. Percent Change Adjusted for Currency
Global Business Services external revenue | $16,595* | $16,073* | 3.2% | 2.3%
Consulting | $7,705 | $7,262 | 6.1% | 5.1%
Application Management | 7,852 | 7,821 | 0.4 | (0.5)
Global Process Services | 1,037* | 990* | 4.8 | 4.7


Question: What was the impact on GPS and Application Management revenue?
Answer: GPS grew year to year, while Application Management revenue was flat as reported and declined adjusted for currency compared to 2017.
As of December 31, 2019, our required annual payments relating to these contractual obligations were as follows (in millions):
(1) Includes finance lease obligations.
(2) These calculations include the effect of our interest rate swaps and assume that (a) applicable margins remain constant; (b) our term A loan and revolving credit facility variable rate debt is priced at the one-month LIBOR rate in effect as of December 31, 2019; (c) only mandatory debt repayments are made; and (d) no refinancing occurs at debt maturity.
(3) Other includes commitment fees on our revolving credit facility and rating agencies fees.
Table:
 |  |  | Payments due by period | 
 | Total | 2020 | 2021-2022 | 2023-2024
Debt(1) | $1,554.8 | $80.0 | $184.1 | $1,290.7
Interest on debt (2) | 171.5 | 54.7 | 102.0 | 14.8
Data processing and maintenance commitments | 103.4 | 44.5 | 46.5 | 12.4
Operating lease payments | 27.5 | 12.6 | 11.5 | 3.4
Other(3) | 3.9 | 1.2 | 2.4 | 0.3
Total | $1,861.1 | $193.0 | $346.5 | $1,321.6


Question: What did the calculation for Other include?
Answer: commitment fees on our revolving credit facility and rating agencies fees.
29. Contract balances
The following table provides information about receivables and contract liabilities from contracts with customers. The Group does not have any contract assets.
There was no revenue recognised in 2019, 2018 or 2017 from performance obligations satisfied in previous periods.
The timing of revenue recognition, invoicing and cash collections results in trade receivables, deferred income and advance customer payments received on account on the balance sheet.
The Group receives payments from customers based on a billing schedule, as established in the contract. Trade receivables are recognised when the right to consideration becomes unconditional. Contract liabilities are recognised as revenue as (or when) the Group performs under the contract.
The Group also recognises incremental costs incurred to obtain a contract as an asset if it expects to recover those costs. Such costs are presented in the balance sheet as assets recognised from costs to obtain a contract and disclosed in note 21.
Table:
 |  | 2019 | 2018 | 2017
 | Notes | $ million | $ million | $ million
Trade receivables | 20 | 128.7 | 123.4 | 113.8
Contract liabilities |  |  |  | 
Payments received on account | 23 | 2.3 | 1.0 | 3.8
Deferred income | 25 | 66.8 | 69.6 | 72.7
 |  | 69.1 | 70.6 | 76.5
Revenue recognised in the period from amounts included in contract liabilities at the beginning of the period |  | 56.2 | 65.5 | 62.1


Question: When are trade receivables recognised?
Answer: when the right to consideration becomes unconditional
Stock Repurchases. On August 22, 2011, we established a share repurchase program ("Share Repurchase Program"). On June 11, 2019, our Board of Directors authorized an extension and increase of the Share Repurchase Program to repurchase up to $5,000,000 of shares of our common stock over the subsequent 24 month period (for a total authorization of approximately $22,000,000 since inception of the program in August 2011). The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions in our discretion. The timing and amount of the shares repurchased is determined by management based on its evaluation of market conditions and other factors. The Share Repurchase Program may be increased, suspended or discontinued at any time.
During the months of October, November and December 2019, we repurchased common stock pursuant to our Share Repurchase Program as indicated below:
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
During the year ended December 31, 2019, we repurchased an aggregate of 335,372 shares of our common stock pursuant to our Share Repurchase Program at a cost of approximately $764,606 (exclusive of commissions) or an average price per share of $2.28.
Since inception of our Share Repurchase Program (August 2011) to December 31, 2019, we repurchased an aggregate of 8,489,770 shares of our common stock at a cost of approximately $15,906,846 (exclusive of commissions) or an average per share price of $1.87.
Table:
Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares) that May Yet Be Purchased Under the Plans or Programs
October 1, 2019 to October 31, 2019 | — | — | — | $4,803,723
November 1, 2019 to November 30, 2019 | 11,386 | $2.12 | 11,386 | $4,779,620
December 1, 2019 to December 31, 2019 | 153,431 | $2.18 | 153,431 | $4,445,258
Total | 164,817 | $2.17 | 164,817 | 


Question: What % of total shares purchased since the inception of the Share Repurchase Program were shares purchased during year ended December 31, 2019?
Answer: 3.95
Calculation: 335,372/8,489,770
Australian taxes paid summary
Tax payments made by iSelect for the 2019 and 2018 financial years are summarised below.
Table:
 | CONSOLIDATED | 2018
 | 2019 $'000 | 2018 $’000
Income tax (net of refund) | (2,327) | 172
Payroll tax | 2,657 | 3,035
Fringe benefits tax | 205 | 247
Total taxes paid | 535 | 3,454


Question: What is the Income tax (net of refund) for 2019 and 2018 respectively?
Answer: (2,327), 172
OPERATING EXPENSES
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 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 fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 operating expenses increased by 7.3% (5.4% in constant currency) mainly from:
• growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in operating expenses for only an eight-month period in the prior year combined with higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition; and
• additional costs in Inter-segment eliminations and other resulting from the timing of corporate projects and initiatives; partly offset by
• lower operating expenses in the Canadian broadband services segment mainly attributable to lower programming costs resulting from a lower level of primary service units and lower compensation expenses resulting from an operational optimization program implemented in the first half of fiscal 2019, partly offset by higher marketing initiatives, additional headcount costs in the first quarter of fiscal 2019 to support the stabilization phase of the new customer management system as well as retroactive costs related to higher rates than expected established by the Copyright Board of Canada.
For further details on the Corporation’s operating expenses, please refer to the "Segmented operating and financial results" section.
Table:
Years 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 | 606,286 | 618,886 | (2.0) | (2.2) | 1,102
American broadband services | 571,208 | 478,172 | 19.5 | 15.2 | 20,522
Inter-segment eliminations and other | 26,486 | 24,567 | 7.8 | 7.8 | 12
 | 1,203,980 | 1,121,625 | 7.3 | 5.4 | 21,636


Question: What was the increase / (decrease) in Canadian broadband services from 2018 to 2019?
Answer: -12600
Calculation: 606,286 - 618,886
Services
Teradyne services consist of extended warranties, training and application support, service agreement, post contract customer support (“PCS”) and replacement parts. Each service is recognized based on relative standalone selling price. Extended warranty, training and support, service agreements and PCS are recognized over time based on the period of service. Replacement parts are recognized at a point in time upon transfer of control to the customer.
Teradyne does not allow customer returns or provide refunds to customers for any products or services. Teradyne products include a standard 12-month warranty. This warranty is not considered a distinct performance obligation because it does not obligate Teradyne to provide a separate service to the customer and it cannot be purchased separately. Cost related to warranty are included in cost of revenues when product revenues are recognized.
As of December 31, 2019 and 2018, deferred revenue and customer advances consisted of the following and are included in the short and long-term deferred revenue and customer advances:
Table:
 | 2019 | 2018
 | (in thousands) | 
Maintenance, service and training | $63,815 | $58,362
Extended warranty | 30,677 | 27,422
Customer advances, undelivered elements and other | 56,358 | 24,677
Total deferred revenue and customer advances | $150,850 | $110,461


Question: What does Teradyne services consist of?
Answer: extended warranties, training and application support, service agreement, post contract customer support (“PCS”) and replacement parts
Future minimum operating lease payments were as follows:
Operating lease commitments were mainly in respect of land and buildings which arose from a sale and operating leaseback transaction in 2001. Leases have an average term of 13 years (2017/18: 14 years) and rentals are fixed for an average of 13 years (2017/18: 14 years).
Other than as disclosed below, there were no contingent liabilities or guarantees at 31 March 2018 other than those arising in the ordinary course of the group’s business and on these no material losses are anticipated. We have insurance cover to certain limits for major risks on property and major claims in connection with legal liabilities arising in the course of our operations. Otherwise, the group generally carries its own risks.
Table:
Payable in the year ending 31 March: | 2019 £m | 2018 £m
2019 | - | 600
2020 | 755 | 550
2021 | 641 | 513
2022 | 599 | 486
2023 | 555 | 463
2024 | 512 | 449
Thereafter | 3,557 | 3,536
Total future minimum operating lease payments | 6,619 | 6,597


Question: What was the payable in the year ending 31 March 2019 for 2018?
Answer: 600
Note 8: Balance Sheet Information
Certain significant amounts included in the Company's Consolidated Balance Sheets consist of the following (in millions):
Assets classified as held-for-sale, consisting primarily of properties, are required to be recorded at the lower of carrying value or fair value less any costs to sell. The carrying value of these assets as of December 31, 2019 was $1.4 million, and is reported as other current assets on the Company’s Consolidated Balance Sheet.
Depreciation expense for property, plant and equipment, including amortization of finance leases, totaled $409.7 million, $359.3 million and $325.2 million for 2019, 2018 and 2017, respectively.
Included within sales related reserves are ship and credit reserves for distributors amounting to $178.7 million and $230.8 million as of December 31, 2019 and 2018, respectively.
Table:
 | As of | 
 | December 31, 2019 | December 31, 2018
Inventories: |  | 
Raw materials | $138.4 | $137.3
Work in process | 772.9 | 760.7
Finished goods | 321.1 | 327.2
 | $1,232.4 | $1,225.2
Property, plant and equipment, net: |  | 
Land | $125.2 | $125.5
Buildings | 860.6 | 820.4
Machinery and equipment | 4,275.2 | 3,980.2
Property, plant and equipment, gross | 5,261.0 | 4,926.1
Less: Accumulated depreciation | (2,669.4) | (2,376.5)
 | $2,591.6 | $2,549.6
Accrued expenses: |  | 
Accrued payroll and related benefits | $153.4 | $240.8
Sales related reserves | 247.3 | 294.8
Income taxes payable | 22.5 | 38.2
Other | 115.6 | 85.3
 | $538.8 | $659.1


Question: How much is the Depreciation expense for property, plant and equipment, including amortization of finance leases for 2019?
Answer: $409.7 million
Note 7 — Inventories, net
Inventories are used in the manufacture and service of Restaurant/Retail products. The components of inventory, net consist of the following:
At December 31, 2019 and 2018, the Company had recorded inventory write-downs of $9.6 million and $9.8 million , respectively, against Restaurant/Retail inventories, which relate primarily to service parts.
Table:
 | December 31, | 
 | (in thousands) | 
 | 2019 | 2018
Finished Goods | $8,320 | $12,472
Work in process | — | 67
Component parts | 6,768 | 4,716
Service parts | 4,238 | 5,482
 | $19,326 | $22,737


Question: What is the change in Component parts between December 31, 2018 and 2019?
Answer: 2052
Calculation: 6,768-4,716
Base Salary. The base salary for each NEO is determined on the basis of the following factors: scope of responsibilities, experience, skills, performance, expected future contribution, base salary levels in effect for comparable positions at the companies in the Peer Group (as described on page 42 below under “Use of Peer Group Compensation Data”) and other competitive market factors. Generally, the Committee reviews the base salary levels of our NEOs annually as part of the Company’s performance review process as well as upon a promotion or other change of position or level of responsibility. Merit-based increases to the base salaries of our NEOs (other than our CEO) are recommended by our CEO to the Committee, and all increases are based on the Committee’s (and in the case of our CEO, the Board’s) review and assessment of the factors described above.
The Compensation Committee reviews compensation levels at the beginning of each fiscal year and adjusts as needed based upon market data and executive achievement. The Committee reviewed the base salaries of our executive officers, including our NEOs, for fiscal year 2019 and increased the salaries of our CEO and CFO in light of their contributions in fiscal year 2018, including, among other considerations, the successful execution and integration of the AvComm and Wireless acquisition and to reflect the Committee’s review of current peer and market compensation data. Mr. Staley’s salary was also increased to reflect the Committee’s review of current peer and market compensation data as well as his contributions in fiscal year 2019, including the integration of AvComm and Wireless sales into our global sales organization. The Committee did not increase the salaries of any of our other NEOs because the Committee determined that the existing base salaries were appropriate for each of these NEOs.
Actual base salaries paid to our NEOs in fiscal year 2019 are set forth in the “Salary” column of the Fiscal 2019 Summary Compensation Table on page 44.
Table:
 | Fiscal Year 2018 | Fiscal Year 2019 | 
Named Executive Officer | Base Salary | Base Salary | Percentage Increase
Oleg Khaykin | $750,000 | $800,000 | 6.7%
Amar Maletira | $425,000 | $500,000 | 17.7%
Paul McNab | $435,000 | $435,000 | —
Luke Scrivanich | $372,000 | $372,000 | —
Gary Staley | $360,000 | $375,000 | 4.2%


Question: When does the Compensation Committee review compensation levels?
Answer: at the beginning of each fiscal year
stock performance graph the following graph provides a comparison of five year cumulative total stockholder returns of teleflex common stock , the standard a0& poor 2019s ( s&p ) 500 stock index and the s&p 500 healthcare equipment & supply index . the annual changes for the five-year period shown on the graph are based on the assumption that $ 100 had been invested in teleflex common stock and each index on december a031 , 2012 and that all dividends were reinvested . market performance .

Table:
company / index | 2012 | 2013 | 2014 | 2015 | 2016 | 2017
teleflex incorporated | 100 | 134 | 166 | 192 | 237 | 368
s&p 500 index | 100 | 132 | 151 | 153 | 171 | 208
s&p 500 healthcare equipment & supply index | 100 | 128 | 161 | 171 | 181 | 238
s&p 500 healthcare equipment & supply index 100 128 161 171 181 238 .

Question: what is roi of an investment in s&p 500 index in 2012 and sold in 2017?
Answer: 108%
Calculation: subtract(208, 100), divide(#0, 100)