hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Defined Benefit Pension Plans
The Company maintains defined benefit pension plans for employees of certain of its foreign subsidiaries. Such plans conform to local practice in terms of providing minimum benefits mandated by law, collective agreements or customary practice. The Company recognizes the aggregate amount of all overfunded plans as assets and the aggregate amount of all underfunded plans as liabilities in its financial statements.
The Company's expected long-term rate of return on plan assets is updated at least annually, taking into consideration its asset allocation, historical returns on similar types of assets and the current economic environment. For estimation purposes, the Company assumes its long-term asset mix will generally be consistent with the current mix. The Company determines its discount rates using highly rated corporate bond yields and government bond yields.
Benefits under all of the Company's plans are valued utilizing the projected unit credit cost method. The Company's policy is to fund its defined benefit plans in accordance with local requirements and regulations. The funding is primarily driven by the Company's current assessment of the economic environment and projected benefit payments of its foreign subsidiaries. The Company's measurement date for determining its defined benefit obligations for all plans is December 31 of each year.
The Company recognizes actuarial gains and losses in the period the Company's annual pension plan actuarial valuations are prepared, which generally occurs during the fourth quarter of each year, or during any interim period where a revaluation is deemed necessary.
The following is a summary of the status of the Company's foreign defined benefit pension plans and the net periodic pension cost (dollars in millions):
The long term rate of return on plan assets was determined using the weighted-average method, which incorporates factors that include the historical inflation rates, interest rate yield curve and current market conditions.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Service cost | $9.4 | $9.6 | $10.0
Interest cost | 5.0 | 4.7 | 4.3
Expected return on plan assets | (6.0) | (6.1) | (5.5)
Curtailment gain | — | (0.3) | —
Actuarial and other loss | 15.6 | 6.1 | 1.9
Total net periodic pension cost | $24.0 | $14.0 | $10.7
Weighted average assumptions |  |  | 
Discount rate used for net periodic pension costs | 1.74 % | 1.66 % | 1.60 %
Discount rate used for pension benefit obligations | 1.43 % | 1.74 % | 1.66 %
Expected return on plan assets | 3.23 % | 3.18 % | 3.22 %
Rate of compensation increase | 3.07 % | 3.22 % | 3.22 %


Question: What is the change in Service cost from December 31, 2018 to 2019?
Answer: -0.2
Calculation: 9.4-9.6
Purchased Intangible Assets
Purchased intangible assets include core and developed technology, in-process research and development, customer-related intangibles, acquisition-date backlog and other intangible assets. The estimated fair values of the core and developed technology and in-process research and development were determined based on the present value of the expected cash flows to be generated by the respective existing technology or future technology. The core and developed technology intangible assets are being amortized in a manner based on the expected cash flows used in the initial determination of fair value. In-process research and development is capitalized until such time as the related projects are completed or abandoned at which time the capitalized amounts will begin to be amortized or written off. Customer-related intangible assets consist of Atmel's contractual relationships and customer loyalty related to its distributor and end-customer relationships, and the fair values of the customerrelated intangibles were determined based on Atmel's projected revenues. An analysis of expected attrition and revenue growth for existing customers was prepared from Atmel's historical customer information. Customer relationships are being amortized in a manner based on the estimated cash flows associated with the existing customers and anticipated retention rates. Backlog relates to the value of orders not yet shipped by Atmel at the acquisition date, and the fair values were based on the estimated profit associated with those orders. Backlog related assets had a one year useful life and were being amortized on a straight line basis over that period. The total weighted average amortization period of intangible assets acquired as a result of the Atmel transaction is 9 years. Amortization expense associated with acquired intangible assets is not deductible for tax purposes. Thus, approximately $178.1 million was established as a net deferred tax liability for the future amortization of the intangible assets.
Table:
 | Weighted Average Useful Life | April 4, 2016
 | (in years) | (in millions)
Core and developed technology | 11 | $1,075.0
In-process research and development | — | 140.7
Customer-related | 6 | 630.6
Backlog | 1 | 40.3
Other | 5 | 1.8
Total purchased intangible assets |  | $1,888.4


Question: What was the sum of the amount of Core and developed technology and in-process research and development assets?
Answer: 1215.7
Calculation: 1,075.0+140.7
ISU plan
The Corporation offers to its executive officers and designated employees an Incentive Share Unit ("ISU") Plan. According to this plan, executive
officers and designated employees periodically receive a given number of ISUs which entitle the participants to receive subordinate voting shares of the Corporation after three years less one day from the date of grant.
The number of ISUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31. A trust was created for the purpose of purchasing these shares on the stock market in order to protect against stock price fluctuation and the Corporation instructed the trustee to purchase subordinate voting shares of the Corporation on the stock market. These shares are purchased and are held in trust for the participants until they are fully vested.
The trust, considered as a special purpose entity, is consolidated in the Corporation’s financial statements with the value of the acquired subordinate voting shares held in trust under the ISU Plan presented in reduction of share capital.
Under the ISU Plan, the following ISUs were granted by the Corporation and are outstanding at August 31:
A compensation expense of $2,046,000 ($2,461,000 in 2018) was recorded for the year ended August 31, 2019 related to this plan.
Table:
Years ended August 31, | 2019 | 2018
Outstanding, beginning of the year | 105,475 | 101,538
Granted | 37,600 | 47,900
Distributed | (44,470) | (35,892)
Cancelled | (26,780) | (8,071)
Outstanding, end of the year | 71,825 | 105,475


Question: How is  the number of ISUs determined?
Answer: The number of ISUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31
Exposures The maximum credit risk exposure of the group’s financial assets at the balance sheet date is as follows:
The carrying amount excludes £445m (2017/18: £317m, 2016/17: £360m) of non-current trade and other receivables which relate to non-financial assets, and £1,456m (2017/18: £1,496m, 2016/17: £1,106m) of prepayments, deferred contract costs and other receivables.
Table:
 | Notes | 2019 | 2018 | 2017
At 31 March Notes |  | £m | £m | £m
Derivative financial assets |  | 1,592 | 1,509 | 2,246
Investments | 23 | 3,268 | 3,075 | 1,564
Trade and other receivables a | 17 | 1,766 | 2,518 | 2,729
Contract assets | 6 | 1,602 | – | –
Cash and cash equivalents | 24 | 1,666 | 528 | 528
 |  | 9,894 | 7,630 | 7,067


Question: In which year(s) was trade and other receivables less than 2,000 million?
Answer: 2019
Calculation: locate and analyze trade and other receivables in row 5
REVENUE
(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 revenue increased by 8.6% (6.8% in constant currency) resulting from: • a growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in revenue for only an eight-month period in the prior year combined with strong organic growth and the acquisition of the south Florida fibre network previously owned by FiberLight, LLC (the "FiberLight acquisition"); partly offset by • a decrease in the Canadian broadband services segment mainly as a result of: ◦ a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.
For further details on the Corporation’s revenue, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, |  |  |  |  | 
(in thousands of dollars, except percentages) | 2019 (1) $ | 2018 (2) $ | Change % | Change in constant currency (3) % | Foreign exchange impact (3) $
Canadian broadband services | 1,294,967 | 1,299,906 | (0.4) | (0.4) | -
American broadband services | 1,036,853 | 847,372 | 22.4 | 17.9 | 37,433
Inter-segment eliminations and other | - | 126 | (100.0) | (100.0) | -
 | 2,331,820 | 2,147,404 | 8.6 | 6.8 | 37,433


Question: What was the increase / (decrease) of Inter-segment eliminations and other from 2018 to 2019?
Answer: -126
Calculation: 0 - 126
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers (amounts in thousands):
Contract assets, reported within current assets and other long-term assets in the consolidated balance sheets, primarily result from revenue being recognized when a license is delivered and payments are made over time. Contract liabilities primarily relate to advance consideration received from customers, deferred revenue, for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $4.4 million of revenue during the year ended September 30, 2019 that was included in the contract liability balance at the beginning of the period.
Table:
 | September 30, 2019 | October 1, 2018
Contract assets, current | $2,350 | $169
Contract assets, non-current | 581 | 507
Contract liabilities, current | 5,612 | 4,281
Contract liabilities, non-current | 736 | 485


Question: What is the total balance of contract assets and liabilities in 2019?
Answer: 9279
Calculation: 2,350+581+5,612+736
5.5 Other Operating Expense Items
Note: (1) The non-audit fees for the current financial year ended 31 March 2019 included S$0.4 million and S$0.2million paid to KPMG LLP, Singapore and KPMG, Australia in respect of tax services, certification and review for regulatory purposes. In the previous financial year, the non-audit fees included S$0.2 million and S$0.3 million paid to Deloitte & Touche LLP, Singapore, and Deloitte Touche Tohmatsu, Australia, respectively in respect of tax services, certification and review for regulatory purposes.
The Audit Committee had undertaken a review of the non-audit services provided by the auditors, KPMG LLP, and in the opinion of the Audit Committee, these services did not affect the independence of the auditors. The Audit Committee had undertaken a review of the non-audit services provided by the auditors, KPMG LLP, and in the opinion of the Audit Committee, these services did not affect the independence of the auditors.
Table:
 | Group | 
 | 2019 | 2018
 | S$ Mil | S$ Mil
Operating expenses included the following: |  | 
Auditors' remuneration |  | 
- KPMG LLP, Singapore | 2.4 | -
- KPMG, Australia | 1.2 | -
- Other KPMG offices | 1.3 | -
- Deloitte & Touche LLP, Singapore | - | 1.5
- Deloitte Touche Tohmatsu, Australia | - | 1.2
- Other Deloitte & Touche offices | - | 2.1
Non-audit fees (1) paid to |  | 
- KPMG LLP, Singapore | 0.4 | -
- KPMG, Australia | 0.4 | -
- Other KPMG offices | 0.1 | -
- Deloitte & Touche LLP, Singapore | - - | 0.3
- Deloitte Touche Tohmatsu, Australia | - | 0.3
- Other Deloitte & Touche offices | - | 0.2
Impairment of trade receivables | 121.8 | 128.0
Allowance for inventory obsolescence | 1.1 | 7.1
Operating lease payments | 437.2 | 470.7


Question: Does the non-audit services provided by KPMG LLP affect their independence?
Answer: these services did not affect the independence of the auditors
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
A. Major Shareholders
The following table sets forth information regarding beneficial ownership of our common shares for (i) owners of more than five percent of our common shares and (ii) our directors and officers, of which we are aware of the date of this annual report.
(1) Based on 147,230,634 common shares outstanding as of the date of this annual report.
(2) The holdings of High Seas AS, which are for the economic interest of members of the Hansson family, as well as the personal holdings of our Chief Executive Officer and Chairman, Mr. Herbjorn Hansson, and our director, Alexander Hansson, are included in the amount reported herein.
* Less than 1% of our common outstanding shares.
As of April 14, 2020, we had 575 holders of record in the United States, including Cede & Co., which is the Depositary Trust Company’s nominee for holding shares on behalf of brokerage firms, as a single holder of record. We had a total of 147,230,634 Common Shares outstanding as of the date of this annual report.
Table:
Title | Identity of Person | No. of Shares | Percent of Class(1)
Common | Hansson family(2) | 4,380,659 | 2.98%
 | Jim Kelly |  | * 
 | Richard Vietor |  | * 
 | David Workman |  | * 
 | Bjørn Giæver |  | * 


Question: How many shares are owned by the Hansson family?
Answer: 4,380,659
Hardware
Hardware sales, net decreased $1.5 million, or -10% in 2019 compared to 2018. We adopted the new ASC 606 standard as of January 1, 2018 and elected to use the modified retrospective method. Historical hardware sales prior to the adoption of ASC 606 were recorded on a gross basis, as we were the principal in the transaction in accordance with the previous standard, ASC 605-45. Under the new standard, we are an agent in the transaction as we do not physically control the hardware which we sell. Accordingly, starting January 1, 2018, we recognize our hardware revenue net of related cost which reduces both hardware revenue and cost of sales as compared to our accounting prior to 2018. For comparison purposes only, had we implemented ASC 606 using the full retrospective method, we would have also presented hardware revenue net of cost for prior periods as shown below.
The majority of hardware sales are derived from our Americas segment. Sales of hardware are largely dependent upon customer- specific desires, which fluctuate.
Table:
 |  |  |  | Year Ended December 31, | 
 |  |  |  | % Change vs.Prior Year | 
2019 | 2019 | 2018 | 2017 | 2019 | 2018
Hardware Revenue (Pre ASC 606 Adoption) | $44,972 | $49,914 | $43,190 | -10% | 16%
Cost of hardware | -32,455 | -35,947 | - 32,205 | -10% | 12%
Hardware Revenue, net (Post ASC 606 Adoption) | $12,517 | $13,967 | $ 10,985 | -10% | 27%


Question: What is the change in hardware revenue, net (Post ASC 606 Adoption) between 2019 and 2017?
Answer: 1532
Calculation: $12,517-$10,985
INTEREST EXPENSE
The components of interest expense are as follows:
Interest expense, including administrative and other fees, was $25,633 for 2019 compared with $30,890 in 2018. The decrease in interest expense was primarily associated with the impact of the refinancing of our term loan at the end of 2018 and interest capitalized during 2019 due to vessels under construction.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Interest before impact of interest rate caps | $25,633 | $30,709
Impact of interest rate caps | — | 181
Interest expense | $25,633 | $30,890


Question: How much was Interest expense, including administrative and other fees for 2018?
Answer: $30,890
3. REVENUE FROM CONTRACTS WITH CUSTOMERS
Revenues and related costs on construction contracts are recognized as the performance obligations are satisfied over time in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue and associated profit, will be recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). The cost of uninstalled materials or equipment will generally be excluded from the Company’s recognition of profit, unless specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress.
In adopting ASC 606, the Company had the following significant changes in accounting principles:
(i) Timing of revenue recognition for uninstalled materials - The Company previously recognized the majority of its revenue from the installation or construction of commercial & public works projects using the percentage-of-completion method of accounting, whereby revenue is recognized as the Company progresses on the contract. The percentage-of-completion for each project was determined on an actual cost-to-estimated final cost basis. Under ASC 606, revenue and associated profit, is recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). The cost of uninstalled materials or equipment is generally excluded from the Company’s recognition of profit, unless specifically produced or manufactured for a project, because such costs are not considered to be a measure of progress.
(ii) Completed contracts - The Company previously recognized the majority of its revenue from the installation of residential projects using the completed contract method of accounting whereby revenue the Company recognized when the project is completed. Under, ASC 606, revenue is recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations).
Revenue recognition for other sales arrangements such as the sales of materials will remain materially consistent with prior treatment.
The adoption of the new revenue recognition standard resulted in a cumulative effect adjustment to retained earnings of approximately $1,405 as of January 1, 2018. The details of this adjustment are summarized below.
Table:
 | Balance at December 31, 2017 | Adjustments Due to ASC 606 | Balance at January 1, 2018
Contract assets | $3,790 | $(584) | $3,206
Contract liabilities | 7,288 | 821 | 8,109
Accumulated deficit | (56,365) | (1,405) | (57,770)


Question: What is the percentage change in the accumulated deficit after the adjustment?
Answer: 2.49
Calculation: -1,405/-56,365
IBM Working Capital
Working capital decreased $10,200 million from the year-end
2018 position. The key changes are described below:
Current assets decreased $10,726 million ($10,477 million adjusted for currency) due to: • A decline in receivables of $6,769 million ($6,695 million adjusted for currency) driven by a decline in financing receivables of $8,197 million primarily due to the wind down of OEM IT commercial financing operations; partially offset by an increase in other receivables of $989 million primarily related to divestitures; and • A decrease of $3,213 million ($3,052 million adjusted for currency) in cash and cash equivalents, restricted cash, and marketable securities primarily due to retirement of debt.
Current liabilities decreased $526 million ($449 million adjusted
for currency) as a result of:
• A decrease in accounts payable of $1,662 million primarily due to the wind down of OEM IT commercial financing operations; and • A decrease in short-term debt of $1,410 million due to maturities of $12,649 million and a decrease in commercial paper of $2,691 million; partially offset by reclassifications of $7,592 million from long-term debt to reflect upcoming maturities and issuances of $6,334 million; offset by • An increase in operating lease liabilities of $1,380 million as a result of the adoption of the new leasing standard on January 1, 2019; and • An increase in deferred income of $861 million ($890 million adjusted for currency).
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Current assets | $38,420 | $49,146
Current liabilities | 37,701 | 38,227
Working capital | $   718 | $10,918
Current ratio | 1.02:1 | 1.29:1


Question: What was the decrease in Working capital from 2018?
Answer: $10,200 million
12 . brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business . citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices . credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question . citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines . margin levels are monitored daily , and customers deposit additional collateral as required . where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level . exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi . credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive . brokerage receivables and brokerage payables consisted of the following: .

Table:
in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152
payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .

Question: as of december 31 2016 what is the ratio of receivables from brokers dealers and clearing organizations to payables to brokers dealers and clearing organizations?
Answer: .93
Calculation: divide(18513, 19915)