hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The tax holidays represent a tax exemption period aimed to attract foreign technological investment in certain tax jurisdictions. The effect of the tax benefits, from tax holidays for countries which are profitable, on basic earnings per share was $0.14, $0.15 and $0.13 for the years ended December 31, 2019, 2018, and 2017, respectively. These agreements are present in various countries and include programs that reduce up to and including 100% of taxes in years affected by the agreements.
The Company’s tax holidays expire at various dates through the year ending December 31, 2028. In certain countries, tax holidays can be renewed depending on the Company still meeting certain conditions at the date of expiration of the current tax holidays.
In May 2019, Switzerland voted a tax reform which cancelled all favourable tax regimes and introduced a single tax rate for all companies, which triggered the revaluation of all deferred tax assets and liabilities. Enactment of this law occurred in third quarter of 2019, which resulted in a tax benefit of $20 million. The remeasurement of deferred taxes was reconciled in the fourth quarter of 2019 to include the current year activity, which did not have a material impact on the net remeasurement.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
Income tax benefit (expense) computed at statutory rate | (297) | (353) | (238)
Non-deductible and non-taxable permanent differences, net | 4 | 45 | 17
Income (loss) on equity-method investments | — | — | —
Valuation allowance adjustments | 2 | 141 | 92
Effect on deferred taxes of changes in enacted tax rates | 14 | (62) | (70)
Current year credits | 50 | 43 | 40
Other tax and credits | (51) | (20) | (36)
Benefits from tax holidays | 129 | 135 | 114
Net impact of changes to uncertain tax positions | (5) | (16) | (43)
Earnings of subsidiaries taxed at different rates | (2) | (9) | (19)
Income tax benefit (expense) | (156) | (96) | (143)


Question: What is the increase/ (decrease) in Benefits from tax holidays from December 31, 2018 to 2019?
Answer: -6
Calculation: 129-135
10 Auditor’s Remuneration
The Group paid the following amounts to its auditor in respect of the audit of the historical financial information and for other non-audit services provided to the Group.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Audit of the Financial Statements | 0.4 | 0.4
Subsidiary local statutory audits | 0.2 | 0.3
Total audit fees | 0.6 | 0.7
Other assurance services | 0.1 | 0.1
Total non-audit fees | 0.1 | 0.1


Question: What is the Audit of the Financial Statements fees for 2019?
Answer: 0.4
Operating Leases and Other Contractual Commitments
VMware leases office facilities and equipment under various operating arrangements. VMware’s minimum future lease commitments and other contractual commitments at January 31, 2020 were as follows (table in millions):
(1) Amounts in the table above exclude legally binding minimum lease payments for leases signed but not yet commenced of $361 million, as well as expected sublease income.
The amount of the future lease commitments after fiscal 2025 is primarily for the ground leases on VMware’s Palo Alto, California headquarter facilities, which expire in fiscal 2047. As several of VMware’s operating leases are payable in foreign currencies, the operating lease payments may fluctuate in response to changes in the exchange rate between the U.S. dollar and the foreign currencies in which the commitments are payable.
Table:
 | Future Lease Commitments(1) | Purchase Obligations | Asset Retirement Obligations | Total
2021 | $144 | $168 | $1 | $313
2022 | 141 | 74 | 3 | 218
2023 | 127 | 13 | 2 | 142
2024 | 101 | — | — | 101
2025 | 77 | — | 2 | 79
Thereafter | 612 | — | 5 | 617
Total | $1,202 | $255 | $13 | $1,470


Question: What were the purchase obligations in 2022?
Answer: 74
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 percentage growth in GBS Cloud revenue?
Answer: 20 percent
part ii , item 8 fourth quarter of 2007 : 0160 schlumberger sold certain workover rigs for $ 32 million , resulting in a pretax gain of $ 24 million ( $ 17 million after-tax ) which is classified in interest and other income , net in the consolidated statement of income . 4 . acquisitions acquisition of eastern echo holding plc on december 10 , 2007 , schlumberger completed the acquisition of eastern echo holding plc ( 201ceastern echo 201d ) for $ 838 million in cash . eastern echo was a dubai-based marine seismic company that did not have any operations at the time of acquisition , but had signed contracts for the construction of six seismic vessels . the purchase price has been allocated to the net assets acquired based upon their estimated fair values as follows : ( stated in millions ) .

Table:
cash and short-term investments | $ 266
other current assets | 23
fixed income investments held to maturity | 54
vessels under construction | 694
accounts payable and accrued liabilities | -17 ( 17 )
long-term debt | -182 ( 182 )
total purchase price | $ 838
other acquisitions schlumberger has made other acquisitions and minority interest investments , none of which were significant on an individual basis , for cash payments , net of cash acquired , of $ 514 million during 2009 , $ 345 million during 2008 , and $ 281 million during 2007 .
pro forma results pertaining to the above acquisitions are not presented as the impact was not significant .
5 .
drilling fluids joint venture the mi-swaco drilling fluids joint venture is owned 40% ( 40 % ) by schlumberger and 60% ( 60 % ) by smith international , inc .
schlumberger records income relating to this venture using the equity method of accounting .
the carrying value of schlumberger 2019s investment in the joint venture on december 31 , 2009 and 2008 was $ 1.4 billion and $ 1.3 billion , respectively , and is included within investments in affiliated companies on the consolidated balance sheet .
schlumberger 2019s equity income from this joint venture was $ 131 million in 2009 , $ 210 million in 2008 and $ 178 million in 2007 .
schlumberger received cash distributions from the joint venture of $ 106 million in 2009 , $ 57 million in 2008 and $ 46 million in 2007 .
the joint venture agreement contains a provision under which either party to the joint venture may offer to sell its entire interest in the venture to the other party at a cash purchase price per percentage interest specified in an offer notice .
if the offer to sell is not accepted , the offering party will be obligated to purchase the entire interest of the other party at the same price per percentage interest as the prices specified in the offer notice. .

Question: what was the debt to asset ratio in the eastern echo holding plc acquisition
Answer: 0.19
Calculation: add(182, 17), add(838, #0), divide(#0, #1)
contracts as of december 31 , 2006 , which all mature in 2007 . forward contract notional amounts presented below are expressed in the stated currencies ( in thousands ) . forward currency contracts: .

Table:
 | ( pay ) /receive
u.s . dollars | -114000 ( 114000 )
euros | -4472 ( 4472 )
singapore dollars | 37180
canadian dollars | 81234
malaysian ringgits | 85963
a movement of 10% ( 10 % ) in the value of the u.s .
dollar against foreign currencies would impact our expected net earnings by approximately $ 0.1 million .
item 8 .
financial statements and supplementary data the financial statements and supplementary data required by this item are included herein , commencing on page f-1 .
item 9 .
changes in and disagreements with accountants on accounting and financial disclosure item 9a .
controls and procedures ( a ) evaluation of disclosure controls and procedures our management , with the participation of our chief executive officer and chief financial officer , evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report .
based on that evaluation , the chief executive officer and chief financial officer concluded that our disclosure controls and procedures as of the end of the period covered by this report are functioning effectively to provide reasonable assurance that the information required to be disclosed by us in reports filed under the securities exchange act of 1934 is ( i ) recorded , processed , summarized and reported within the time periods specified in the sec 2019s rules and forms and ( ii ) accumulated and communicated to our management , including the chief executive officer and chief financial officer , as appropriate to allow timely decisions regarding disclosure .
a controls system cannot provide absolute assurance , however , that the objectives of the controls system are met , and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud , if any , within a company have been detected .
( b ) management 2019s report on internal control over financial reporting our management 2019s report on internal control over financial reporting is set forth on page f-2 of this annual report on form 10-k and is incorporated by reference herein .
( c ) change in internal control over financial reporting no change in our internal control over financial reporting occurred during our most recent fiscal quarter that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .
item 9b .
other information .

Question: what is a rough estimate of the ratio of securities given to securities received?
Answer: 3/5
Calculation: add(114000, 4472), add(37180, 81234), add(85963, #1), divide(#0, #2)
20 Trade and Other Receivables
Trade receivables are non interest-bearing and are generally on 30–90 day payment terms depending on the geographical territory in which sales are generated. The carrying value of trade and other receivables also represents their fair value. During the year-ended 31 March 2019 a provision for impairment of $0.6M (2018: $0.6M) was recognised in operating expenses against receivables.
The net contract acquisition expense deferred within the Consolidated Statement of Profit or Loss was $0.9M of the total $259.9M of Sales and Marketing costs (2018: $8.4M / $239.9M).
Table:
 | 31 March 2019 | 31 March 2018 Restated See note 2
 | $M | $M
Current |  | 
Trade receivables | 128.7 | 151.8
Prepayments | 26.9 | 23.1
Deferral of contract acquisition costs | 31.5 | 29.5
Other receivables | 8.2 | 6.4
Total current trade and other receivables | 195.3 | 210.8
Non-current |  | 
Deferral of contract acquisition costs | 15.1 | 16.2
Other receivables | 1.3 | 1.3
Total non-current trade and other receivables | 16.4 | 17.5


Question: What was the percentage change in trade receivables in 2019 from 2018?
Answer: -15.22
Calculation: (128.7-151.8)/151.8
Property and equipment consist of the following (in thousands):
Depreciation expense was $1.2 million and $1.6 million for the years ended December 31, 2019 and 2018, respectively.
Amortization of capitalized internal-use software and website development costs was $157,000 and $247,000 for the years ended December 31, 2019 and 2018, respectively.
Table:
December 31, |  | 
 | 2019 | 2018
Computer hardware and software | $3,427 | $3,353
Office equipment and office furniture | 8,148 | 7,814
Capitalized internal-use software and website development | 4,390 | 4,383
Leasehold improvements | 6,247 | 6,140
 | 22,212 | 21,690
Less accumulated depreciation and amortization | (19,230) | (17,900)
Total | $2,982 | $3,790


Question: What is the amount of computer hardware and software for 2019 and 2018 respectively?
Answer: $3,427, $3,353
Item 6. Selected Financial Data
The following table sets forth selected consolidated financial data for each of the fiscal years ended June 30, 2019, 2018, 2017, 2016 and 2015 derived from the Company’s audited financial statements (in thousands, except per share amounts). The consolidated financial data as of and for the years ended June 30, 2015 are derived from the audited financial statements which have not been adjusted for the adoption of Accounting Standards update 2014- 09, Revenue from Contracts with Customers (Topic 606). These tables should be reviewed in conjunction with the Consolidated Financial Statements in Item 8 and related Notes, as well as Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Historical results may not be indicative of future results.
(1) Operating income (loss) include the following operating expenses (in thousands):
(2)  The significant increase in net revenues during the year ended June 30, 2018 was primarily due to the acquisitions of the Campus Fabric and Data Center Businesses.
Table:
 |  | Year Ended June 30, |  |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
Consolidated Statements of Operations Data:                     |  |  |  |  | 
Net revenues | $995,789 | $983,142 (2) | $607,084 | $519,834 | $552,940
Operating income (loss) (1) | $(14,726) | $(38,210) | $6,040 | $(30,029) | $(62,994)
Net loss | $(25,853) | $(46,792) | $(1,744) | $(36,363) | $(71,643)
Net loss per share – basic | $(0.22) | $(0.41) | $(0.02) | $(0.35) | $(0.72)
Net loss per share – diluted | $(0.22) | $(0.41) | $(0.02) | $(0.35) | $(0.72)
Shares used in per share calculation – basic | 117,954 | 114,221 | 108,273 | 103,074 | 99,000
Shares used in per share calculation – diluted | 117,954 | 114,221 | 108,273 | 103,074 | 99,000


Question: How many years did the net revenues exceed $700,000 thousand?
Answer: 2
Calculation: 2019##2018
a. For the years ended December 31, 2017, 2018 and 2019, the Company recognized NT$118,252 million, NT$123,795 million and NT$122,999 million, respectively, in operating costs, of which NT$2,256 million, NT$1,698 million and NT$820 million in 2017, 2018 and 2019, respectively, were related to write-down of inventories.
b. None of the aforementioned inventories were pledged.
Table:
As of December 31, |  | 
 | 2018 | 2019
 | NT$ | NT$
 | (In Thousands) | (In Thousands)
Raw materials | $3,766,056 | $5,102,571
Supplies and spare parts | 3,133,737 | 3,548,376
Work in process | 10,034,488 | 11,309,718
Finished goods | 1,268,838 | 1,754,137
Total | $18,203,119 | $21,714,802


Question: What was the increase / (decrease) in the raw materials from 2018 to 2019?
Answer: 1336515
Calculation: 5,102,571 - 3,766,056
Stock Options
The following table summarizes activity involving stock option awards for the year ended December 31, 2019:
The aggregate intrinsic value of our options outstanding and exercisable at December 31, 2019 was less than $1 million. The weighted-average remaining contractual term for such options was 0.18 years.
During 2019, we received net cash proceeds of less than $1 million in connection with our option exercises. The tax benefit realized from these exercises was less than $1 million. The total intrinsic value of options exercised for the years ended December 31, 2019, 2018 and 2017, was less than $1 million each year.
Table:
 | Number of options | Weighted-Average Exercise Price
 | (in thousands) | 
Outstanding and Exercisable at December 31, 2018 | 543 | $27.46
Exercised | (6) | 11.38
Forfeited/Expired | (68) | 24.78
Outstanding and Exercisable at December 31, 2019 | 469 | 28.04


Question: What is the weighted-average remaining contractual term for options outstanding and exercisable?
Answer: 0.18 years
23 Borrowings (continued)
The fair values of fixed rate borrowings and CMBS are assessed based on quoted market prices, and as such are categorised as Level 1 in the fair value hierarchy (see note 27 for definition). The fair values of unlisted floating rate borrowings are equal to their carrying values and are categorised as Level 2 in the fair value hierarchy.
The maturity profile of debt (excluding lease liabilities) is as follows:
Certain borrowing agreements contain financial and other conditions that, if contravened, could alter the repayment profile (further information is provided in financial covenants on pages 165 and 166)
At 31 December 2019 the Group had committed undrawn borrowing facilities of £238.5 million (2018: £274.2 million), maturing in 2021 and 2022. This includes £42.1 million of undrawn facilities in respect of development finance.
Table:
£m | 2019 | 2018
Repayable within one year | 65.8 | 46.7
Repayable in more than one year but not more than two years | 901.8 | 30.5
Repayable in more than two years but not more than five years | 2,114.2 | 2,722.0
Repayable in more than five years | 1,569.6 | 2,155.9
 | 4,651.4 | 4,955.1


Question: What is the percentage change in the total debt from 2018 to 2019?
Answer: -6.13
Calculation: (4,651.4-4,955.1)/4,955.1
Fiscal Year Ended 2019 and 2018 Revenues
* Adjusted IFRS balances to reflect the impact of the full retrospective adoption of IFRS 15. See Note 2 of the notes to our consolidated financial statements for further details.
Total revenues increased $329.1 million, or 37%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. Growth in total revenues was attributable to increased demand for our products from both new and existing customers. Of total revenues recognized in the fiscal year ended June 30, 2019, over 90% was attributable to sales to customer accounts existing on or before June 30, 2018. Our number of total customers increased to 152,727 at June 30, 2019 from 125,796 at June 30, 2018.
Subscription revenues increased $223.3 million, or 54%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in subscription revenues was primarily attributable to additional subscriptions from our existing customer base. As customers increasingly adopt cloud-based, subscription services and term-based licenses of our Data Center products for their business needs, we expect our subscription revenues to continue to increase at a rate higher than the rate of increase of our perpetual license revenues in future periods.
Maintenance revenues increased $68.0 million, or 21%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in maintenance revenues was primarily attributable to growing renewal of software maintenance contracts from our customers related to our perpetual license software offerings.
Perpetual license revenues increased $10.4 million, or 13%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. A substantial majority of the increase in perpetual license revenues was attributable to additional licenses to existing customers.
Other revenues increased $27.5 million, or 45%, in the fiscal year ended June 30, 2019 compared to the fiscal year ended June 30, 2018. The increase in other revenues was primarily attributable to an increase in revenue from sales of third-party apps through our Atlassian Marketplace.
Table:
 | Fiscal Year Ended June 30, |  |  | 
 | 2019 | 2018 | $ Change | % Change
 |  | (U.S. $ in thousands) |  | 
 |  | *As Adjusted |  | 
Subscription | $633,950 | $410,694 | $223,256 | 54%
Maintenance | 394,526 | 326,511 | 68,015 | 21
Perpetual license | 93,593 | 83,171 | 10,422 | 13
Other | 88,058 | 60,602 | 27,456 | 45
Total revenues | $1,210,127 | $880,978 | $329,149 | 37


Question: What was the main reason for the increase in maintenance revenues?
Answer: Growing renewal of software maintenance contracts from our customers related to our perpetual license software offerings.
Applying the German group tax rate to the reported pre-tax result would result in an income tax expense of €216 million (2017/18: €176 million). The deviation of €81 million (2017/18: €40 million) from the reported tax expense of €298 million (2017/18: €216 million) can be reconciled as follows:
1 Adjustment of previous year according to explanation in notes.
The item ‘effects of differing national tax rates’ includes a deferred tax revenue of €6 million (2017/18: €23 million) from tax rate changes.
Tax expenses and income relating to other periods of the previous year include a repayment of approximately €20 million because of a retrospective change in foreign law in 2018.
Tax holidays for the current year include effects from real estate transactions in the amount of €30 million (2017/18: €2 million).
Table:
€ million | 2017/2018 | 2018/2019
EBT (earnings before taxes) | 576 | 709
Expected income tax expenses (30.53%) | 176 | 216
Effects of differing national tax rates | −58 | −62
Tax expenses and income relating to other periods | −21 | −6
Non-deductible business expenses for tax purposes | 41 | 51
Effects of not recognised or impaired deferred taxes | 79 | 114
Additions and reductions for local taxes | 11 | 13
Tax holidays | −14 | −39
Other deviations | 3 | 5
Income tax expenses according to the income statement | 216 | 298
Group tax rate | 37.6% | 42.0%


Question: In which year was the Group tax rate larger?
Answer: 2018/2019
Calculation: 42.0%>37.6%
20. Trade and other payables
Following the application of IFRS 16, trade and other payables for the year ended 31 March 2018 have been restated (note 2).
Trade payables are unsecured and are usually paid within 30 days of recognition. The carrying amounts of trade and other payables are considered to be the same as their fair values, due to their short-term nature.
Table:
 | 2019 | (Restated) 2018
 | £m | £m
Trade payables | 4.3 | 3.7
Accruals | 10.5 | 9.8
Other taxes and social security | 13.0 | 11.8
Deferred income | 13.2 | 1.8
Other payables | 0.3 | 0.9
Accrued interest payable | 0.5 | 0.5
Total | 41.8 | 28.5


Question: In which years were the components in trade and other payables calculated in?
Answer: 2019, 2018