hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Employee Share Purchase Plan (ESPP)
The Company estimates the fair value of its ESPP 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 ESPP share options based on the length of each offering period, which is six months.
The risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the ESPP share option. Expected volatility is based on the Company’s historical volatility. 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 grant date fair value per ordinary share is based on the closing market value of its ordinary shares on the first day of each ESPP offering period. The first authorized offering period under the ESPP commenced on July 1, 2017.
The fair value of each ESPP 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 ESPP share options granted to employees during the years ended March 31, 2019 and 2018, was $9.58 and $6.41, respectively.
Table:
 | Year ended March 31, | 
 | 2019 | 2018
Expected term (in years) | 0.5 | 0.5
Risk-free interest rate | 2.3% | 1.4%
Expected volatility | 39.1% | 29.9%
Expected dividend yield   | —% | —%
Grant date fair value per ordinary share | $36.69 | $27.15


Question: In which year was the Grant date fair value per ordinary share less than 30.0?
Answer: 2018
Calculation: locate and analyze Grant date fair value per ordinary share in row 7
Financials
1. EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation, and excluding net foreign exchange gains (losses).
2. NPATA is a non-IFRS term, defined as net profit after tax, excluding tax-effected amortisation of acquired intangibles. This is used to determine EPSa as disclosed here and in the audited Remuneration Report.
3. Underlying EBITDA, underlying NPAT and underlying NPATA exclude separately disclosed items, which represent the transaction and other restructuring costs associated with the Sigma acquisition (2018: Enoro acquisition) and the exiting of a premises lease in the Americas. Further details of the separately disclosed items are outlined in Note 4 to the Financial Report.
Operating revenue for FY19 was $231.3 million, $0.5 million up on FY18. With Sigma contributing $5.0 million of revenue in June (the first month since acquisition), revenues for the remainder of Hansen excluding Sigma were $4.5 million lower. This decline was a result of lower non-recurring revenues, due primarily to both lower one-off licence fees and reduced project work following the large body of work completed in the first half of FY18 associated with implementing Power of Choice in Australia. Conversely, recurring revenues grew to represent 63% of total operating revenue.
Underlying EBITDA for the year was $55.8 million, 7.0% down on the $60.0 million in FY18. This resulted in an underlying EBITDA margin decline to 24.1% from 26.0% in FY18. Sigma only contributed a modest $0.1 million of EBITDA in June, which we do not see as representative of the business going forward. Excluding Sigma, the underlying EBITDA margin was 24.6%. This reduced margin was the direct result of the lower non-recurring revenue, as we were able to maintain operating expenses at the same level as FY18, even after the investment in the Vietnam Development Centre.
Table:
A$ Million | FY19 | FY18 | Variance %
Operating revenue | 231.3 | 230.8 | 0.2%
Underlying EBITDA 1, 3 | 55.8 | 60.0 | (7.0%)
Underlying NPAT 3 | 24.0 | 29.5 | (18.7%)
Underlying NPATA 2, 3 | 33.7 | 38.7 | (12.9%)
Basic EPS based on underlying NPATA (cents) 2 | 17.1 | 19.8 | (13.6%)


Question: What was the operating revenue for 2019?
Answer: $231.3 million
Equity, liabilities and net debt in the consolidated financial statements
Equity amounts to €2,735 million (30/9/2018: €3,074 million), while liabilities amounts to €11,762 million (30/9/2018: €12,132 million). Net debt related to continuing operations decreased by €0.2 billion in the adjusted year-on-year comparison and amounted to €2.9 billion as of 30 September 2019 (30/09/2018: €3.1 billion).
1 Adjustment of previous year according to explanation in notes
2 Shown in the balance sheet under other financial assets (current).
3 Adjusted for the effects of discontinued operations.
Table:
€ million | 30/9/2018 1 | 30/9/2018 adjusted3 | 30/9/2019
Equity | 3,074 | 3,074 | 2,735
Liabilities | 12,132 | 12,132 | 11,762
Net debt | 2,710 | 3,102 | 2,858
Financial liabilities (incl. finance leases) | 4,010 | 4,010 | 3,369
Cash and cash equivalents | 1,298 | 906 | 500
Short-term financial investments2 | 2 | 2 | 11


Question: What was the percentage change in equity in FY2019 from FY2018 adjusted?
Answer: -11.03
Calculation: (2,735-3,074)/3,074
equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31 , 2012 . equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options , warrants and rights ( 1 ) weighted-average exercise price of outstanding options , warrants and rights ( 2 ) number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( a ) ( b ) ( c ) equity compensation plans approved by security holders 3946111 $ 34.67 3608527 equity compensation plans not approved by security holders ( 3 ) 2014 2014 2014 .

Table:
plan category | number of securities to be issued upon exercise of outstanding options warrants and rights ( 1 ) ( a ) ( b ) | weighted-average exercise price of outstanding optionswarrants and rights ( 2 ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securitiesreflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 3946111 | $ 34.67 | 3608527
equity compensation plans not approved by security holders ( 3 ) | 2014 | 2014 | 2014
total | 3946111 | $ 34.67 | 3608527
( 1 ) includes grants made under the huntington ingalls industries , inc .
2012 long-term incentive stock plan ( the "2012 plan" ) , which was approved by our stockholders on may 2 , 2012 , and the huntington ingalls industries , inc .
2011 long-term incentive stock plan ( the "2011 plan" ) , which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation .
of these shares , 1166492 were subject to stock options , 2060138 were subject to outstanding restricted performance stock rights , 641556 were restricted stock rights , and 63033 were stock rights granted under the 2011 plan .
in addition , this number includes 9129 stock rights and 5763 restricted performance stock rights granted under the 2012 plan , assuming target performance achievement .
( 2 ) this is the weighted average exercise price of the 1166492 outstanding stock options only .
( 3 ) there are no awards made under plans not approved by security holders .
item 13 .
certain relationships and related transactions , and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year .
item 14 .
principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2013 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year. .

Question: what is the total value of issued securities that are approved by security holders , in billions?
Answer: 13.7
Calculation: multiply(3946111, 34.67), divide(#0, const_1000000000)
7 Trade and other payables
(i) Recognition and measurement
Trade and other payables, including accruals, are recorded when the Group is required to make future payments as a result of purchases of assets or services provided to the Group prior to the end of financial period. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables are presented as current liabilities unless payment is not due within 12 months from the reporting date. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method.
(ii) Fair values of trade and other payables
Due to the short-term nature of trade and other payables, their carrying amount is considered to be the same as their fair value.
(iii) Risk Exposure
As the majority of payables are in Australian dollars, management does not believe there are any significant risks in relation to these financial liabilities. Refer to note 15 for details of the Group’s financial risk management policies.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
Trade payables | 44,840 | 27,640
Accrued capital expenditure | 5,841 | 1,767
Accrued expenses | 2,848 | 2,114
Other creditors | 3,117 | 2,888
Total trade and other payables | 56,646 | 34,409


Question: What was the percentage change in accrued expenses between 2018 and 2019?
Answer: 34.72
Calculation: (2,848 -2,114) / 2,114
10 Taxation (continued)
The tax expense for 2019 is higher and the tax credit for 2018 is lower than the standard rate of corporation tax in the UK. The differences are explained below:
1 The unprovided deferred tax predominantly relates to revenue losses, property fair values and derivative fair values.
Factors that may affect future current and total tax charges
Management uses judgement in assessing compliance with REIT legislation
The Group believes it continued to operate as a UK REIT throughout the year, under which any profits and gains from the UK property investment business are exempt from corporation tax, provided certain conditions continue to be met. The Group believes that these UK REIT conditions have been fulfilled throughout the year.
In view of the announced short-term reduction of dividends there will be an underpayment of the minimum PID, and therefore under REIT legislation, the Group will incur UK corporation tax payable at 19 per cent while remaining a REIT.
The ongoing current tax expense in the year of £16.0 million includes £15.7 million relating to corporation tax on the estimated current period underpayment of the minimum PID. This amount has been included within the Group’s measure of underlying earnings as it relates to a tax expense on current year UK rental income.
The UK exceptional current tax expense in the year of £6.4 million represents in full the corporation tax arising in the current year in respect of the prior year underpayment of the minimum PID. This one-off tax expense in respect of prior year profits has been classified as exceptional (see accounting policy in note 2) based on its incidence, and so is excluded from the Group’s measure of underlying earnings.
Table:
£m | 2019 | 2018
Loss before tax, joint ventures and associates | (1,856.8) | (1,139.6)
Loss before tax multiplied by the standard rate of tax in the UK of 19% (2018: 19%) | (352.8) | (216.6)
Exempt property rental profits and revaluations | 307.0 | 214.9
 | (45.8) | (1.7)
Tax on shortfall of minimum PID | 22.1 | –
Additions and disposals of property and investments | 7.1 | 0.3
Non-deductible and other items | 3.4 | 3.4
Overseas taxation | (3.4) | (0.4)
Unprovided deferred tax1 | 22.4 | (7.3)
Total tax expense/(credit) | 5.8 | (5.7)


Question: What is the percentage change in the loss before tax multiplied by the standard rate of tax in the UK of 19% from 2018 to 2019?
Answer: 62.88
Calculation: (352.8-216.6)/216.6
Section 5: Our people
We are working to attract and retain employees with the skills and passion to best serve our markets. This section provides information about our employee benefits obligations. It also includes details of our employee share plans and compensation paid to key management personnel.
5.1 Key management personnel compensation
Key management personnel (KMP) refers to those who have authority and responsibility for planning, directing and controlling the activities of the Group. For a list of key management personnel and additional disclosures, refer to the remuneration report on pages 38 to 53.
KMP aggregate compensation
During the financial years 2019 and 2018, the aggregate compensation provided to KMP was as follows:
Other transactions with our KMP and their related parties
During the financial years 2019 and 2018, apart from transactions disclosed in note 7.2 of the financial report, there were no other transactions with our KMP and their related parties.
Table:
 | CONSOLIDATED | 
 | 2019 $ | 2018 $
Short-term employee benefits | 3,728,367 | 2,780,820
Post-employment benefits | 151,851 | 184,614
Share-based payments | 651,748 | 320,560
Termination benefits | 367,015 | 841,940
 | 4,898,981 | 4,127,934


Question: What is the percentage change in the post-employment benefits from 2018 to 2019?
Answer: -17.75
Calculation: (151,851-184,614)/184,614
Contract Assets and Liabilities
The following table provides information about receivables, contract assets and contract liabilities from our revenue contracts with customers:
Contract assets include costs that are incremental to the acquisition of a contract. Incremental costs are those that result directly from obtaining a contract or costs that would not have been incurred if the contract had not been obtained, which primarily relate to sales commissions. These costs are deferred and amortized over the expected customer life.
We determined that the expected customer life is the expected period of benefit as the commission on the renewal contract is not commensurate with the commission on the initial contract. During the years ended December 31, 2019 and 2018, the Company recognized expense of $6.3 million and $2.9 million, respectively, related to deferred contract acquisition costs.
Contract liabilities include deferred revenues related to advanced payments for services and nonrefundable, upfront service activation and set-up fees, which under the new standard are generally deferred and amortized over the expected customer life as the option to renew without paying an upfront fee provides the customer with a material right. During the years ended December 31, 2019 and 2018, the Company deferred and recognized revenues of $397.5 million and $354.2 million, respectively.
A receivable is recognized in the period the Company provides goods or services when the Company’s right to consideration is unconditional. Payment terms on invoiced amounts are generally 30 to 60 days.
Table:
 | Year Ended December 31, | 
(In thousands) | 2019 | 2018
Accounts receivable, net | $120,016 | $133,136
Contract assets | 18,804 | 12,128
Contract liabilities | 50,974 | 52,966


Question: What is the accounts receivable, net increase / (decrease) from 2018 to 2019?
Answer: -13120
Calculation: 120,016 - 133,136
3. Property, Plant and Equipment
Assets held under capital leases and included in property, plant and equipment as of September 28, 2019 and September 29, 2018 consisted of the following (in thousands):
Amortization of assets held under capital leases totaled $3.8 million, $3.4 million and $3.0 million for fiscal 2019, 2018 and 2017, respectively. Capital lease additions totaled $6.7 million, $11.8 million, and $20.5 million for fiscal 2019, 2018 and 2017, respectively.
As of September 28, 2019, September 29, 2018 and September 30, 2017, accounts payable included approximately $10.0 million, $11.2 million and $10.8 million, respectively, related to the purchase of property, plant and equipment, which have been treated as non-cash transactions for purposes of the Consolidated Statements of Cash Flows.
Table:
 | 2019 | 2018
Buildings and improvements | $23,717 | $23,717
Machinery and equipment  | 12,293 | 10,995
Capital assets in progress | 11,831 | 7,747
Total property, plant and equipment held under capital leases, gross | 47,841 | 42,459
Less: accumulated amortization  | (8,762) | (6,123)
Total property, plant and equipment held under capital leases, net | 39,079 | 36,336


Question: What was the change in the gross Total property, plant and equipment held under capital leases between 2018 and 2019?
Answer: 5382
Calculation: 47,841-42,459
management 2019s discussion and analysis net interest income 2013 versus 2012 . net interest income on the consolidated statements of earnings was $ 3.39 billion for 2013 , 13% ( 13 % ) lower than 2012 . the decrease compared with 2012 was primarily due to lower average yields on financial instruments owned , at fair value , partially offset by lower interest expense on financial instruments sold , but not yet purchased , at fair value and collateralized financings . 2012 versus 2011 . net interest income on the consolidated statements of earnings was $ 3.88 billion for 2012 , 25% ( 25 % ) lower than 2011 . the decrease compared with 2011 was primarily due to lower average yields on financial instruments owned , at fair value and collateralized agreements . see 201cstatistical disclosures 2014 distribution of assets , liabilities and shareholders 2019 equity 201d for further information about our sources of net interest income . operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share-based compensation programs and the external environment . the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . .

Table:
$ in millions | year ended december 2013 | year ended december 2012 | year ended december 2011
compensation and benefits | $ 12613 | $ 12944 | $ 12223
brokerage clearing exchange anddistribution fees | 2341 | 2208 | 2463
market development | 541 | 509 | 640
communications and technology | 776 | 782 | 828
depreciation and amortization | 1322 | 1738 | 1865
occupancy | 839 | 875 | 1030
professional fees | 930 | 867 | 992
insurance reserves1 | 176 | 598 | 529
other expenses | 2931 | 2435 | 2072
total non-compensation expenses | 9856 | 10012 | 10419
total operating expenses | $ 22469 | $ 22956 | $ 22642
total staff at period-end | 32900 | 32400 | 33300
1 .
related revenues are included in 201cmarket making 201d in the consolidated statements of earnings .
goldman sachs 2013 annual report 45 .

Question: what is the percentage change in staff number in 2013?
Answer: 1.5%
Calculation: subtract(32900, 32400), divide(#0, 32400)
Cash Flows
The following table summarizes our cash flows for the periods indicated:
Operating Activities
Our primary source of cash from operating activities has been cash collections from our customers. We expect cash inflows from operating activities to be primarily affected by increases in total bookings. Our primary uses of cash from operating activities have been for domain registration costs paid to registries, software licensing fees related to third-party email and productivity solutions, personnel costs, discretionary marketing and advertising costs, technology and development costs and interest payments. We expect cash outflows from operating activities to be affected by the timing of payments we make to registries and increases in personnel and other operating costs as we continue to grow our business and increase our international presence.
Net cash provided by operating activities increased $163.6 million from $559.8 million in 2018 to $723.4 million in 2019, primarily driven by our bookings growth as well as increased interest income.
Investing Activities
Our investing activities primarily consist of strategic acquisitions and purchases of property and equipment to support the overall growth of our business and our increased international presence. We expect our investing cash flows to be affected by the timing of payments we make for capital expenditures and the strategic acquisition or other growth opportunities we decide to pursue.
Net cash used in investing activities decreased $119.5 million from $254.8 million in 2018 to $135.3 million in 2019, primarily due to a $106.9 million decrease in business acquisitions.
Financing Activities
Our financing activities primarily consist of long-term debt borrowings, the repayment of principal on long-term debt, stock option exercises and share repurchases.
Net cash from financing activities decreased $503.9 million from $47.0 million provided in 2018 to $456.9 million used in 2019, primarily resulting from $458.6 million of share repurchases in 2019, a $44.4 million increase in acquisition contingent consideration payments and $13.2 million of financing-related costs paid in 2019.
Table:
 | Year Ended December 31, |  | 
 | 2019 | 2018 | 2017
Net cash provided by operating activities | $723.4 | $559.8 | $475.6
Net cash used in investing activities | (135.3) | (254.8) | (1,570.1)
Net cash provided by (used in) financing activities | (456.9) | 47.0 | 1,107.5
Effect of exchange rate changes on cash and cash equivalents | (0.8) | (2.3) | 3.6
Net increase in cash and cash equivalents | $130.4 | $349.7 | $16.6


Question: What is the net cash provided by operating activities for year ended 2019?
Answer: $723.4
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition.
The amount recorded for developed technology represents the estimated fair value of AgileCraft’s enterprise agile planning technology. The amount recorded for customer relationships represents the fair value of the underlying relationships with AgileCraft’s customers. The amount recorded for backlog represents the fair value of AgileCraft’s backlog as of acquisition date.
Table:
 | Fair Value | Useful Life
 | (U.S. $ in thousands) | (years)
Developed technology | $34,600 | 5
Customer relationships | 16,900 | 7
Backlog | 1,400 | 3
Total intangible assets subject to amortization | $52,900 | 


Question: What does the amount recorded for customer relationships represent?
Answer: The fair value of the underlying relationships with AgileCraft’s customers.
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 total revenue from 2018 to 2019?
Answer: 106
Calculation: 2,754 - 2,648