hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Cash and Cash Equivalents
Highly liquid instruments purchased with original maturities of three months or less are considered cash equivalents. Cash equivalents are invested with high credit quality financial institutions and consist of short-term investments, such as demand deposit accounts, money market accounts, money market funds and time deposits. The carrying amounts of these instruments reported in the Consolidated Balance Sheets approximate their fair value because of their immediate or short-term maturities.
Cash and cash equivalents are unrestricted and include the following (in millions):
Table:
 | December 31, | 
 | 2019 | 2018
Cash | $8.2 | $9.5
Cash equivalents | 7.2 | 10.8
Cash and cash equivalents | $15.4 | $20.3


Question: What was the change in Cash between 2018 and 2019?
Answer: -1.3
Calculation: 8.2-9.5
Reconciliation of net voyage revenues to voyage revenues:
(1) Vessel Calendar Days is the total number of days the vessels were in our fleet.
(2) Time Charter Equivalent ("TCE") Rate, results from Net Voyage Revenue divided by total TCE days.
Table:
 |  | Years Ended December 31,     | 
All figures in USD '000, except TCE rate per day  | 2018 | 2017 | Variance 
Voyage Revenue   | 289,016 | 297,141 | (2.7%)
Less Voyage expenses   | (165,012) | (142,465) | 15.8%
Net Voyage Revenue   | 124,004 | 154,676 | (19.8%)
Vessel Calendar Days (1)   | 9,747 | 10,892 | (10.5%)
Less off-hire days   | 277 | 867 | (68.1%)
Total TCE days   | 9,470 | 10,025 | (5.5%)
TCE Rate per day (2)  | $13,095 | $15,428 | (15.1%)
Total Days for vessel operating expenses   | 9,747 | 10,892 | (10.5%)


Question: What are the respective net voyage revenue in 2017 and 2018?
Answer: 154,676, 124,004
Patents and Intangible Assets
The Company owns or possesses licenses to use its patents. The costs of maintaining the patents are expensed as incurred.
The Company and Finjan Blue entered into a Patent Assignment and Support Agreement (the “Patent Assignment Agreement”) with IBM effective as of August 24, 2017 (see "Note 7 - Commitments and Contingencies"). Pursuant to the Patent Assignment Agreement, Finjan Blue acquired select IBM patents in the security sector. In accordance with ASC 350-30-35-2 through 35-4, Intangibles-Goodwill and Other, the Company determined that the useful life of the patents acquired under the Patent Assignment and Support Agreement should be amortized over the four-year term of the agreement.
On May 15, 2018, Finjan Blue, entered into a second agreement with IBM (the “May 2018 Patent Assignment Agreement”). Pursuant to the May 2018 Patent Assignment Agreement, Finjan Blue acquired 56 select issued and pending IBM patents in the security sector. The terms of the May 2018 Patent Assignment Agreement are confidential. In accordance with ASC 350-30-35-2 through 35-4, Intangibles-Goodwill and Other, the Company determined that the useful life of the patents acquired under the May 2018 Patent Assignment Agreement should be amortized over five years as the covenants between the parties are effective for that period.
Management did not identify any triggering events which would have necessitated an impairment change.
The components of these intangible assets are as follows:
Amortization expense for the years ended December 31, 2019, 2018 and 2017 was approximately $2.0 million, $1.8 million, and $0.8 million, respectively.
Table:
As of December 31, |  | 
 | 2019 | 2018
 |  | (in thousands)
Patents | $26,069 | $26,069
Less accumulated amortization | (22,517) | (20,562)
Intangible assets, net | $3,552 | $5,507


Question: What is the change in net intangible assets between 2018 and 2019?
Answer: 1955
Calculation: 5,507-3,552
Proofpoint, Inc. Notes to Consolidated Financial Statements (Continued) (dollars and share amounts in thousands, except per share amounts)
Per the terms of the share purchase agreement, unvested stock options and unvested restricted stock units held by Meta Networks employees were canceled and exchanged for the Company’s unvested stock options and unvested restricted stock units, respectively. The fair value of $184 of these unvested awards was attributed to pre-combination services and was included in consideration transferred. The fair value of $12,918 was allocated to post-combination services. The unvested awards are subject to the recipient’s continued service with the Company, and $12,918 will be recognized ratably as stock-based compensation expense over the required remaining service period.
Also, as part of the share purchase agreement, the unvested restricted shares of certain employees of Meta Networks were exchanged into the right to receive $7,827 of deferred cash consideration and 72 shares of the Company’s common stock that were deferred with the fair value of $8,599. The deferred cash consideration was presented as restricted cash on the Company’s consolidated balance sheet as of December 31, 2019. The deferred cash consideration of $7,596 and the deferred stock $8,338 (see Note 11 “Equity Award Plans”) were allocated to post-combination expense and were not included in the purchase price. The deferred cash consideration and deferred shares are subject to forfeiture if employment terminates prior to the lapse of the restrictions, and their fair value is expensed as compensation and stock-based compensation expense over the three-year vesting period.
The Cost to Recreate Method was used to value the acquired developed technology asset. Management applied judgment in estimating the fair value of this intangible asset, which involved the use of significant assumptions such as the cost and time to build the acquired technology, developer’s profit and rate of return.
The following table summarizes the fair values of tangible assets acquired, liabilities assumed, intangible assets and goodwill:
Table:
 | Fair value | Estimated Useful Life
 |  | (in years)
Current assets | $356 | N/A
Fixed assets | 68 | N/A
Core/developed technology | 21,000 | 3
Deferred tax liability, net | (1,854) | N/A
Other liabilities | (671) | N/A
Goodwill | 85,869 | Indefinite
 | $104,768 | 


Question: What was the deferred cash consideration and deferred shares subjected to?
Answer: forfeiture if employment terminates prior to the lapse of the restrictions, and their fair value is expensed as compensation and stock-based compensation expense over the three-year vesting period
Operating Income
Our operating income in fiscal year 2019 increased to $241.4 million, or 10.1 percent of net sales as compared with $189.3 million, or 8.8 percent of net sales in fiscal year 2018. Excluding surcharge revenue and special items, adjusted operating margin was 12.5 percent for the fiscal year 2019 and 10.6 percent for the same period a year ago. The increase in the operating margin reflects steady demand and improved product mix coupled with operating cost improvements offset by higher selling, general and administrative expenses compared to the same period a year ago.
The following presents our operating income and operating margin, in each case excluding the impact of surcharge on net sales and special items. We present and discuss these financial measures because management believes removing the impact of these items provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.
Table:
 | Fiscal Year | 
($ in millions) | 2019 | 2018
Net sales | $2,380.2 | $2,157.7
Less: surcharge revenue | 438.1 | 365.4
Net sales excluding surcharge revenue | $1,942.1 | $1,792.3
Operating income | $241.4 | $189.3
Special items: |  | 
Acquisition-related costs | 1.2 | —
Adjusted operating income excluding special items | $242.6 | $189.3
Operating margin | 10.1% | 8.8%
Adjusted operating margin excluding surcharge revenue and special items | 12.5% | 10.6%


Question: What was the change in the amount of surcharge revenue from 2018 to 2019?
Answer: 72.7
Calculation: 438.1-365.4
The Corporation is also exposed to credit risk in relation to its trade accounts receivable. To mitigate such risk, the Corporation continuously monitors the financial condition of its customers and reviews the credit history or worthiness of each new large customer. The Corporation establishes an allowance for lifetime expected credit losses related to doubtful accounts. The doubtful accounts allowance is calculated on a specific-identification basis for larger customer accounts receivable and on a statistically derived basis for the remainder.
Factors such as the current economic conditions, forward-looking macroeconomic data and historical information (number of overdue days of the customer’s balance outstanding as well as the customer’s collection history) are examined. The Corporation believes that its allowance for doubtful accounts is sufficient to cover the related credit risk.
The Corporation has credit policies in place and has established various credit controls, including credit checks, deposits on accounts and advance billing, and has also established procedures to suspend the availability of services when customers have fully utilized approved credit limits or have violated existing payment terms. Since the Corporation has a large and diversified clientele dispersed throughout its market areas in Canada and the United States, there is no significant concentration of credit risk.
The following table provides further details on trade and other receivables, net of allowance for doubtful accounts:
Table:
At August 31, | 2019 | 2018
(In thousands of Canadian dollars) | $ | $
Trade accounts receivable | 74,021 | 95,541
Allowance for doubtful accounts | (6,759) | (6,497)
 | 67,262 | 89,044
Other accounts receivable | 8,390 | 8,250
 | 75,652 | 97,294


Question: What is the increase / (decrease) in the trade accounts receivable from 2018 to 2019?
Answer: -21520
Calculation: 74,021 - 95,541
Deferred Revenues
Deferred revenues consist primarily of prepayments for license fees, and other products or services for which we have been paid in advance, and earn the revenue when we transfer control of the product or service. Deferred revenues may also include upfront payments for consulting services to be performed in the future, such as non-recurring engineering services.
We defer license fees until we have met all accounting requirements for revenue recognition, which is when a license is made available to a customer and that customer has a right to use the license. Engineering development fee revenues are deferred until engineering services have been completed and accepted by our customers. We defer AirBar and sensor modules revenues until distributors sell the products to their end customers
Under U.S. GAAP, companies may make reasonable aggregations and approximations of returns data to accurately estimate returns. Our AirBar and sensor module returns and warranty experience to date has enabled us to make reasonable returns estimates, which are supported by the fact that our product sales involve homogenous transactions. The reserve for future sales returns is recorded as a reduction of our accounts receivable and revenue and was insignificant as of December 31, 2019 and 2018.
The following table presents our deferred revenues by source (in thousands);
Table:
 | Years ended December 31, | 
 | 2019 | 2018
Deferred license fees revenues | $28 | $-
Deferred NRE revenues | 20 | -
Deferred AirBar revenues | 6 | 59
Deferred sensor modules revenues | 13 | 16
 | $67 | $75


Question: How does the reserve for future sales returns being recorded?
Answer: as a reduction of our accounts receivable
performance graph the following graph compares the yearly change in the cumulative total stockholder return for our last five full fiscal years , based upon the market price of our common stock , with the cumulative total return on a nasdaq composite index ( u.s . companies ) and a peer group , the nasdaq medical equipment-sic code 3840-3849 index , which is comprised of medical equipment companies , for that period . the performance graph assumes the investment of $ 100 on march 31 , 2006 in our common stock , the nasdaq composite index ( u.s . companies ) and the peer group index , and the reinvestment of any and all dividends. .

Table:
 | 3/31/2006 | 3/31/2007 | 3/31/2008 | 3/31/2009 | 3/31/2010 | 3/31/2011
abiomed inc | 100 | 105.89 | 101.86 | 37.98 | 80.00 | 112.64
nasdaq composite index | 100 | 103.50 | 97.41 | 65.33 | 102.49 | 118.86
nasdaq medical equipment sic code 3840-3849 | 100 | 88.78 | 84.26 | 46.12 | 83.47 | 91.35
this graph is not 201csoliciting material 201d under regulation 14a or 14c of the rules promulgated under the securities exchange act of 1934 , is not deemed filed with the securities and exchange commission and is not to be incorporated by reference in any of our filings under the securities act of 1933 , as amended , or the exchange act whether made before or after the date hereof and irrespective of any general incorporation language in any such filing .
transfer agent american stock transfer & trust company , 59 maiden lane , new york , ny 10038 , is our stock transfer agent. .

Question: what is the roi of an investment in nasdaq composite index from march 2006 to march 2009?
Answer: -34.7%
Calculation: subtract(65.33, 100), divide(#0, 100)
Medical Segment Results
Below is a table summarizing results for the fiscal years ended:
Net Sales. The Medical segment had $1.1 million of net sales in fiscal 2019, compared to $0.3 million of net sales in fiscal 2018. The increase was due to new business gained in fiscal 2019.
Gross Profit. Medical segment gross profit was a loss of $2.8 million in fiscal 2019, compared to a loss of $3.5 million in fiscal 2018. The improvement primarily relates to an increase in sales volumes during fiscal 2019.
Loss from Operations. Medical segment loss from operations decreased $2.8 million to $8.6 million in fiscal 2019, compared to $11.4 million in fiscal 2018. The decrease was due to an improvement in gross profit and lower selling and administrative expenses. Selling and administrative expenses were reduced by lower marketing and professional fee expenses, partially offset by initiatives to reduce overall costs and improve operational profitability of $0.9 million.
Table:
(Dollars in Millions) | April 27, 2019 | April 28, 2018 | Net Change ($) | Net Change (%)
Net Sales | $1.1 | $0.3 | $0.8 | 266.7 %
Gross Profit | $(2.8) | $(3.5) | $0.7 | 20.0 %
Loss from Operations | $(8.6) | $(11.4) | $2.8 | 24.6 %


Question: What led to improvement in medical segment gross profit during fiscal 2019?
Answer: an increase in sales volumes during fiscal 2019.
NOTE 4 - PREPAID EXPENSES AND OTHER CURRENT ASSETS & PATENTS AND INTANGIBLE ASSETS
Prepaid Expenses and Other Current Assets
The components of prepaid expenses and other current assets are as presented below:
During 2019, tax refunds from the Internal Revenue Service of $5.0 million were received for the prepayment made during 2018.
Table:
 | As of December 31, | 
 | 2019 | 2018
 | (in thousands) | 
Prepaid income taxes | $— | $5,429
Other prepaid expenses and other current assets | 288 | 1,151
 | $288 | $6,580


Question: What are the respective prepaid income taxes in 2019 and 2018?
Answer: 0, 5,429
Australian Food’s VOC NPS (including Online) was up 3 pts on the prior year with Store‐controllable VOC steady on the prior year. Store‐controllable VOC improved on Q3’19 where scores were impacted by flood and drought effects on fruit and vegetable prices impacting quality and availability. Fruit & Vegetables and Availability scores improved 1 pt to 78% compared to June 2018, and 5 pts and 2 pts respectively vs. Q3’19. Team Attitude remained stable (89%) compared to June 2018.
In F20, Store‐controllable VOC will be reduced from seven metrics to five, removing Ease of Movement and Correct Price Tickets to simplify the focus for stores on the areas that offer the most opportunity for improvement.
Sales increased by 5.3% to $39.6 billion or 3.3% on a normalised basis. Comparable sales increased by 3.1% for the year with transaction growth of 1.8% and items per basket of 1.7% contributing to comparable item growth of 3.5%.
Despite some challenges during the year, sales momentum improved in H2 with strong growth across a number of Fresh categories. Sales in the second half also benefitted from successful campaigns including Disney Words and Earn & Learn. In Q4, comparable sales increased by 3.6% with comparable transaction growth of 1.4%. Comparable items per basket increased by 1.2%.
Metro continued to grow strongly with further refinement to price, promotional optimisation and range curation. An extra‐small store format was successfully launched in Kirribilli and new stores opened in Rozelle and Kings Cross. At the end of the financial year, 43 Metro‐branded stores and 16 small Woolworths Supermarkets were managed by the Metro team.
In WooliesX, Online VOC scores improved 2 pts to 81% at the end of June, with improvements in Delivery & Pick up and Ease of Website Navigation. Online sales grew 31% (normalised) to $1.4 billion driven by expanded offerings such as Same day, Delivery Now, Drive thru and Drive up.
Australian Food sales per square metre was $17,163 with normalised growth of 2.0% on the prior year. During the year, 24 new stores were opened (21 supermarkets and three Metros), eight were closed and 68 Renewals completed. At year‐end, there were 1,024 Woolworths Supermarkets and Metro stores.
Average prices declined 0.4% for the year, with modest inflation of 0.5% in the fourth quarter as a result of increases in a number of Fresh categories impacted by the drought including Fruit & Vegetables, Meat and Bakery.
Table:
 | F19 | F18 |  | CHANGE
$ MILLION | 53 WEEKS | 52 WEEKS | CHANGE | NORMALISED
Sales | 39,568 | 37,589 | 5.3% | 3.3%
EBITDA | 2,613 | 2,430 | 7.5% | 6.1%
Depreciation and amortisation | (756) | (673) | 12.3% | 12.3%
EBIT | 1,857 | 1,757 | 5.7% | 3.8%
Gross margin (%) | 28.7 | 29.0 | (24) bps | (24) bps
Cost of doing business (%) | 24.0 | 24.3 | (27) bps | (26) bps
EBIT to sales (%) | 4.7 | 4.7 | 2 bps | 2 bps
Sales per square metre ($) | 17,163 | 16,528 | 3.8% | 2.0%
Funds employed | 1,468 | 1,215 | 20.9% | 
ROFE (%) | 140.2 | 170.7 | (30.6) pts | (33.2) pts


Question: How many Woolworths Supermarkets were managed by the Metro team by the end of the financial year?
Answer: 16
Statement of financial position
Net assets have decreased to $157,164,000 at 30 June 2019 from $163,937,000 at 30 June 2018.
Current assets have decreased from 30 June 2018 by 18% to $75,460,000. This is driven by a reduction in cash assets, a result of continued investment in technology and further investment in iMoney. The current component of the trail commission asset is $25,626,000, which increased by 16% since 30 June 2018.
Non-current assets have increased from 30 June 2018 by 2% to $150,607,000 which is largely due to higher non-current trail commission asset partially offset by capital asset writeoffs and Home Loans Goodwill impairment. The non-current component of the trail commission asset is $88,452,000 which increased by 9% since 30 June 2018, mainly due to sales volume and partner mix.
Current liabilities decreased from 30 June 2018 to 30 June 2019 by 20% to $34,555,000 primarily due to payments to suppliers in addition to trade related payable balances post 30 June 2018.
Non-current liabilities have increased by 9% ending on $34,348,000. This relates to an increase in lease liabilities and deferred tax liabilities.
Table:
FINANCIAL PERFORMANCE SUMMARY | 2019  $’000 | 2018  $’000 RESTATED | CHANGE
Current assets | 75,460 | 91,457 | (18%)
Non-current assets | 150,607 | 147,234 | 2%
Total assets | 226,067 | 238,691 | (5%)
Current liabilities | 34,555 | 43,336 | (20%)
Non-current liabilities | 34,348 | 31,418 | 9%
Total liabilities | 68,903 | 74,754 | (8%)
Net assets | 157,164 | 163,937 | (4%)
Equity | 157,164 | 163,937 | (4%)


Question: What contributed to the increase in non-current liabilities in 2019?
Answer: an increase in lease liabilities and deferred tax liabilities
Single figure table for total remuneration (audited)
Single figure for the total remuneration received by each executive director for the 52 weeks ended 30 March 2019 (2018/19) and 31 March 2018 (2017/18).
Gavin Darby
Mr Darby received a basic salary of £700,000 per annum and a salary supplement in lieu of pension of 20% of base salary on a pro rata basis for the period up to 31 January 2019. Mr Darby received a pro rata bonus of £525,500 for the financial period to 31 January 2019. Benefits were provided for the period up to 31 January 2019 relating to the provision of an executive driver service, private health insurance and annual medical assessment.
Alastair Murray
Mr Murray received a basic salary for the period of £416,201 per annum and an annualised supplement in lieu of pension of 7.5% of the Earnings Cap (£160,800 for the 2018/19 tax year) which equates to £12,060 for the period together with an additional RPI adjusted pensions supplement of £24,348. He was appointed Acting CEO on 1 February 2019, in addition to his current role of Chief Financial Officer, on a temporary basis whilst the Board conducts a search process for a new CEO.
In recognition of this significant additional responsibility, it was agreed that Mr Murray would receive a monthly salary supplement of £20,000 (which does not count towards pension, annual bonus or long-term incentives) whilst he carries out this role.
Mr Murray received a bonus of £231,615 for the financial period. Benefits related to the provision of a company car, use of an executive driver service (following his appointment as Acting CEO) and private health insurance. In line with the current Remuneration Policy, one-third of his annual bonus award will be in the form of shares deferred for three years.
Full details of the annual bonus performance assessments for Mr Darby and Mr Murray are set out on pages 53 to 55.
Table:
 | Gavin Darby |  | Alastair Murray | 
 | 2018/19 | 2017/18 | 2018/19 | 2017/18
 | £’000 | £’000 | £’000 | £’000
Salary | 583 | 700 | 416 | 408
Salary supplement | – | – | 40 | –
Taxable benefits | 17 | 22 | 27 | 24
Pension | 117 | 140 | 36 | 35
Annual Bonus | 525 | 368 | 232 | 153
Share based awards | – | – | – | –
Total | 1,242 | 1,230 | 751 | 620


Question: What was the change in the salary of Gavin Darby from 2017/18 to 2018/19?
Answer: -117
Calculation: 583 - 700
The defined benefit pension plan utilizes various investment securities. Generally, investment securities are exposed to various risks, such as interest rate risks, credit risk, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur and that such changes could materially affect the amounts reported.
The following table presents the Company’s target for the allocation of invested defined benefit pension plan assets at June 30, 2019 and June 30, 2018:
Table:
 | As of June 30 | 
 | 2019 | 2018
Fixed income | 40% | 40%
Equities | 55% | 55%
Other | 5% | 5%
Total | 100% | 100%


Question: What was the company's target for the allocation of fixed income at June 30, 2019?
Answer: 40%