hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Services Business
We offer services to customers and partners to help to maximize the performance of their investments in Oracle applications and infrastructure technologies. Services revenues are generally recognized as the services are performed. The cost of providing our services consists primarily of personnel related expenses, technology infrastructure expenditures, facilities expenses and external contractor expenses.
(1) Excludes stock-based compensation and certain expense allocations. Also excludes amortization of intangible assets and certain other GAAP-based expenses, which were not allocated to our operating segment results for purposes of reporting to and review by our CODMs, as further described under “Presentation of Operating Segments and Other Financial Information” above.
Excluding the effects of currency rate fluctuations, our total services revenues decreased in fiscal 2019 relative to fiscal 2018 primarily due to revenue declines in our education services and, to a lesser extent, our consulting services. During fiscal 2019, constant currency increases in our EMEA-based services revenues were offset by constant currency services revenue decreases in the Americas and the Asia Pacific regions.
In constant currency, total services expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to an increase in employee related expenses and external contractor expenses associated with investments in our consulting services that support our cloud offerings. In constant currency, total margin and total margin as a percentage of total services revenues decreased during fiscal 2019 relative to fiscal 2018 due to decreased revenues and increased expenses for this business.
Table:
 |  |  | Percent Change | 
(Dollars in millions) | 2019 | Actual | Constant | 2018
Services Revenues: |  |  |  | 
Americas | $1,576 | -5% | -3% | $1,654
EMEA | 1,021 | -2% | 2% | 1,046
Asia Pacific | 643 | -7% | -4% | 695
Total revenues | 3,240 | -5% | -2% | 3,395
Total Expenses (1) | 2,703 | -1% | 2% | 2,729
Total Margin | $537 | -19% | -18% | $666
Total Margin % | 17% |  |  | 20%
% Revenues by Geography: |  |  |  | 
Americas | 49% |  |  | 49%
EMEA | 31% |  |  | 31%
Asia Pacific | 20% |  |  | 20%


Question: How much was the constant percentage change and the actual percentage change in total expenses?
Answer: 2%, -1%
Cost of Revenues and Gross Margin
Subscription cost of revenues and gross margin. Cost of subscriptions revenues increased by $50.9 million, or 46%, during fiscal year 2019 as compared to fiscal year 2018. Primary drivers of the increase were increases in third-party costs to support our solution offerings of $21.5 million, infrastructure support costs of $19.8 million including amortization expense from acquired intangible assets, and headcount and personnel and contractor related costs of $9.6 million including share-based compensation expense. These factors resulted in a decrease in gross margin.
The increase in headcount and other expense categories described herein was driven primarily by investments in our infrastructure and capacity to improve the availability of our subscription offerings, while also supporting the growth in new customers and increased usage of our subscriptions by our existing customer base. We expect subscription gross margin to be within a relatively similar range in the future.
Other cost of revenues and gross margin. Cost of other revenues increased by $23.0 million, or 48%, during fiscal year 2019 as compared to fiscal year 2018. This was primarily due to the increase in services personnel costs of $11.1 million including share-based compensation expense, cost of product sales of $10.6 million, and overhead costs of $1.3 million. Other revenues gross margin fluctuates based on timing of completion of professional services projects and discounting on phones.
Table:
 | Year ended December 31, |  |  |  | Year ended December 31, |  |  | 
(in thousands, except percentages) | 2019 | 2018 | $ Change | % Change | 2018 | 2017 | $ Change | % Change
Cost of revenues |  |  |  |  |  |  |  | 
Subscriptions | $160,320 | $109,454 | $50,866 | 46% | $109,454 | $89,193 | $20,261 | 23%
Other | 70,723 | 47,675 | 23,048 | 48% | 47,675 | 32,078 | 15,597 | 49%
Total cost of revenues | $231,043 | $157,129 | $73,914 | 47% | $157,129 | $121,271 | $35,858 | 30%
Percentage of revenues |  |  |  |  |  |  |  | 
Subscriptions | 18% | 16% |  |  | 16% | 18% |  | 
Other | 8% | 7% |  |  | 7% | 6% |  | 
Gross margins |  |  |  |  |  |  |  | 
Subscriptions | 80% | 82% |  |  | 82% | 81% |  | 
Other | 17% | 22% |  |  | 22% | 16% |  | 
Total gross margin % | 74% | 77% |  |  | 77% | 76% |  | 


Question: What are the factors influencing the cost of revenues and gross margins in 2019?
Answer: increase in services personnel costs, cost of product sales, overhead costs
2. Fixed assets
Accounting policies
Shares in Group undertakings are stated at cost less any provision for impairment and capital related to share-based payments. Contributions in respect of share-based payments are recognised in line with the policy set out in note 7 “Share-based payments”.
The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If any such indication of impairment exists, the Company makes an estimate of the recoverable amount. If the recoverable amount of the cash-generating unit is less than the value of the investment, the investment is considered to be impaired and is written down to its recoverable amount. An impairment loss is recognised immediately in the income statement.
Shares in Group undertakings
Table:
 | 2019 | 2018
 | €m | €m
Cost: |  | 
1 April | 91,905 | 91,902
Capital contributions arising from share-based payments | 137 | 130
Contributions received in relation to share-based payments | (92) | (127)
31 March | 91,950 | 91,905
Amounts provided for: |  | 
1 April | 8,177 | 7,911
Impairment losses | – | 266
31 March | 8,177 | 8,177
Net book value: |  | 
31 March | 83,773 | 83,728


Question: What is the difference between 2019 average net book value and 2019 average total costs of shares in Group undertakings as at 31 March?
Answer: 8177
Calculation: [(91,950+91,905)/2] - [(83,773+83,728)/2]
2. Earnings Per Share:
Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding for the period. Diluted
earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and
(b) the dilutive effect of potential common stock equivalents during the period. Stock options and unvested service-based RSU awards make up the common stock
equivalents and are computed using the treasury stock method.
The table below represents the basic and diluted earnings per share, calculated using the weighted average number of shares of common stock and potential
common stock equivalents outstanding for the years ended March 31, 2017, 2018, and 2019:
(1) Common stock equivalents not included in the computation of diluted earnings per share because the impact would have been anti-dilutive were 1,381 shares, 1,733
shares, and 4,375 shares for the fiscal years ended March 31, 2017, 2018, and 2019, respectively.
Table:
 |  | Fiscal Year Ended March 31, | 
 | 2017 | 2018 | 2019
Net income | $125,785 | $4,910 | $271,813
Computation of Basic EPS: |  |  | 
Weighted Average Shares Outstanding used in Computing Basic EPS | 167,506 | 168,262 | 168,713
Basic earnings per share | $0.75 | $0.03 | $1.61
Computation of Diluted EPS: |  |  | 
Weighted Average Shares Outstanding used in Computing Basic EPS | 167,506 | 168,262 | 168,713
Effect of stock options | 311 | 663 | 609
Weighted Average Shares Outstanding used in Computing Diluted EPS (1) | 167,837 | 168,925 | 169,322
Diluted earnings per share | $0.75 | $0.03 | $1.61


Question: What is the total number of weighted average shares outstanding used in computing diluted EPS in 2017 and 2018?
Answer: 336762
Calculation: 167,837 + 168,925
The fair value of the option component of the ESPP shares was estimated at the grant date using the Black-Scholes option pricing model with the following weighted
average assumptions:
The Company issued 266 shares, 231 shares and 183 shares under the ESPP in the years ended December 31, 2019, 2018 and 2017, respectively, at a weighted average
exercise price per share of $86.51, $77.02, and $73.02, respectively. As of December 31, 2019, the Company expects to recognize $3,531 of the total unamortized compensation cost
related to employee purchases under the ESPP over a weighted average period of 0.37 years.
Table:
 |  | Year ended December 31 | 
 | 2019 | 2018 | 2017
Expected life (in years) | 0.5 | 0.5 | 0.5
Volatility | 36% - 37% | 33% - 40% | 29% - 37%
Risk-free interest rate | 1.58 - 2.43% | 1.76% - 2.50% | 0.76% - 1.16%
Dividend yield | - % | - % | - %


Question: What is the total unamortized compensation cost related to employee purchases under the ESPP the company expects to recognise as of December 31, 2019?
Answer: $3,531
1 Segment performance (continued)
(c) Other segment information
(i) Profit/(loss) before tax
Management assesses the performance of the operating segments based on a measure of EBITDA. Interest income and expenditure are not allocated to segments, as this type of activity is driven by the central treasury function, which manages the cash position of the Group. On adoption of AASB 16 from 1 July 2018, associated lease interest is allocated to the respective segments as a finance charge.
Table:
 | 30 June 2019 | 30 June 2018
 | $'000 | $'000
Total segment profit before tax | 62,583 | 61,449
Employee benefits expense (non-facility staff) | (23,036) | (20,752)
Interest revenue | 8,220 | 5,778
Distributions from investments | 1,344 | 3,191
Other income | 3,034 | 284
Finance costs | (45,612) | (25,452)
Head office depreciation | (2,079) | (1,909)
Overheads and other expenses | (20,527) | (11,698)
Profit/(loss) before tax | (16,073) | 10,891


Question: What was the change in accounting for leases introduced by new adopted accounting standard AASB 16?
Answer: associated lease interest is allocated to the respective segments as a finance charge.
Group Value Added Statements
Note:
(1) FY 2018 included the gain on disposal of economic interest in NetLink Trust of S$2.03 billion.
Table:
 | FY 2019 | FY 2018
 | S$ million | S$ million
Value added from: |  | 
Operating revenue | 17,372 | 17,268
Less: Purchases of goods and services | (10,307) | (9,716)
 | 7,065 | 7,552
Other income | 225 | 259
Interest and investment income (net) | 38 | 45
Share of results of associates (post-tax) | 1,563 | 1,804
Exceptional items (1) | 68 | 1,895
 | 1,894 | 4,003
Total value added | 8,959 | 11,555
Distribution of total value added |  | 
To employees in wages, salaries and benefits | 2,597 | 2,760
To government in income and other taxes | 675 | 703
To providers of capital on: |  | 
- Interest on borrowings | 393 | 390
- Dividends to shareholders | 2,857 | 3,346
Total distribution | 6,522 | 7,199
Retained in business |  | 
Depreciation and amortisation | 2,222 | 2,250
Retained profits | 238 | 2,127
Non-controlling interests | (23) | (21)
 | 2,437 | 4,356
Total value added | 8,959 | 11,555
Average Number of employees | 24,071 | 25,614


Question: How many components are there under the section "retained in business"?
Answer: 3
Calculation: Depreciation and amortisation##Retained profits##Non-controlling interests
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: What was the Derivative financial assets in 2019, 2018 and 2017?
Answer: 1,592, 1,509, 2,246
xii. Shareholding as on March 31, 2019:
a. Distribution of equity shareholding as on March 31, 2019:
Table:
Number of shares | Holding | Percentage to capital | Number of accounts | Percentage to total accounts
1 - 100 | 18,402,438 | 0.5 | 528,148 | 70.3
101 - 500 | 37,550,103 | 1.0 | 185,200 | 24.6
501 - 1000 | 14,900,327 | 0.4 | 20,749 | 2.8
1001 - 5000 | 27,199,737 | 0.7 | 13,897 | 1.9
5001 - 10000 | 9,150,929 | 0.2 | 1,292 | 0.2
10001 - 20000 | 8,811,580 | 0.2 | 622 | 0.1
20001 - 30000 | 5,636,878 | 0.2 | 230 | -
30001 - 40000 | 5,424,479 | 0.1 | 154 | -
40001- 50000 | 4,808,196 | 0.1 | 106 | -
50001 -100000 | 21,790,964 | 0.6 | 304 | -
100001 - above | 3,598,709,075 | 96.0 | 903 | 0.1
GRAND TOTAL | 3,752,384,706 | 100.0 | 751,605 | 100.0


Question: How many accounts hold 1000 or lesser number of shares?
Answer: 734097
Calculation: 528,148+185,200+20,749
Performance-Based Restricted Stock Units
PRSU activity is summarized as follows (shares in thousands):
1 Assumes maximum achievement of the specified financial targets.
The weighted-average grant date fair value of PRSUs granted during the years ended December 31, 2019, 2018, and 2017 was $56.74, $40.53, and $41.73, respectively.
Unrecognized compensation expense related to unvested PRSUs was $16.9 million at December 31, 2019, which is expected to be recognized over a weighted-average period of 1.7 years.
Table:
 | Number of Shares | Weighted- Average Grant Date Fair Value
Unvested shares at December 31, 2018 | 1,924 | $40.81
Granted | 390 | 56.74
Forfeited | (562) | 41.29
Vested | — | —
Unvested shares at December 31, 2019 1 | 1,752 | $44.21


Question: What is the change in number of unvested shares between 2018 and 2019?
Answer: -172
Calculation: (1,752-1,924)
Pro forma consolidated results of operations
The following unaudited pro forma financial information presents combined results of operations for each of the periods presented as if the acquisitions of MOI and GP had been completed on January 1, 2018. The pro forma information includes adjustments to depreciation expense for property and equipment acquired and amortization expense for the intangible assets acquired and the elimination of transaction expenses recognized in each period. Transaction-related expenses associated with the acquisition and excluded from pro forma income from continuing operations were $1.0 million for the year ended December 31, 2019. There were no transaction-related expenses associated with the acquisition for the year ended December 31, 2018. The pro forma data are for informational purposes only and are not necessarily indicative of the consolidated results of operations or the combined business had the acquisitions of MOI and GP occurred on January 1, 2018, or the results of future operations of the combined business. For instance, planned or expected operational synergies following the acquisition are not reflected in the pro forma information. Consequently, actual results will differ from the unaudited pro forma information presented below.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
 | (unaudited)  | (unaudited)
Revenue | $72,576,902 | $60,249,896
Income from continuing operations | $6,912,802 | $1,559,008


Question: Was there any transaction-related expenses associated with the acquisition for the year ended December 31, 2018?
Answer: There were no transaction-related expenses associated with the acquisition for the year ended December 31, 2018.
b) Liquefaction services revenue:
The Hilli is moored in close proximity to the Customer’s gasfields, providing liquefaction service capacity over the term of the LTA. Liquefaction services revenue recognized comprises the following amounts:
(1) The LTA bills at a base rate in periods when the oil price is $60 or less per barrel (included in "Liquefaction services revenue" in the consolidated statements of income), and at an increased rate when the oil price is greater than $60 per barrel (recognized as a derivative and included in "Realized and unrealized gain on oil derivative instrument" in the consolidated statements of income, excluded from revenue and from the transaction price).
(2) Customer billing during the commissioning period, prior to vessel acceptance and commencement of the contract term, of $33.8 million is considered an upfront payment for services. These amounts billed were deferred (included in "Other current liabilities" and "Other non-current liabilities" in the consolidated balance sheets) and recognized as part of "Liquefaction services revenue" in the consolidated statements of income evenly over the contract term.
(3) The Day 1 gain was established when the oil derivative instrument was initially recognized in December 2017 for $79.6 million (recognized in "Other current liabilities" and "Other non-current liabilities" in the consolidated balance sheets). This amount is amortized and recognized as part of "Liquefaction services revenue" in the consolidated statements of income evenly over the contract term.
We expect to recognize liquefaction services revenue related to the partially unsatisfied performance obligation at the reporting date evenly over the remaining contract term of less than eight years, including the components of transaction price described above.
Table:
 | Year Ended December 31, | 
(in thousands of $) | 2019 | 2018
Base tolling fee (1) | 204,501 | 119,677
Amortization of deferred commissioning period revenue (2) | 4,220 | 2,467
Amortization of Day 1 gain (3) | 9,950 | 5,817
Other | (575) | (336)
Total | 218,096 | 127,625


Question: What was the change in base tolling fee between 2018 and 2019?
Answer: 84824
Calculation: 204,501 - 119,677
NOTE 11 - STOCK CAPITAL (Cont.)
Share-based compensation to employees and to directors: (Cont.)
Restricted Stock:
The Company awards stock and restricted stock to certain employees, officers, directors, and/or service providers. The restricted stock vests in accordance with such conditions and restrictions determined by the GNC Committee. These conditions and restrictions may include the achievement of certain performance goals and/or continued employment with the Company through a specified restricted period. The purchase price (if any) of shares of restricted stock is determined by the GNC Committee. If the performance goals and other restrictions are not attained, the grantee will automatically forfeit their unvested awards of restricted stock to the Company. Compensation expense for restricted stock is based on fair market value at the grant date.
The total compensation expense recorded by the Company in respect of its stock and restricted stock awards to certain employees, officers, directors, and service providers for the year ended December 31, 2019 and 2018 amounted to $392 and $506, respectively.
Table:
 | Number of Restricted Stock | Weighted Average Grant Date Fair Value | Weighted Average Remaining Contractual Term (Years)
Nonvested as of December 31, 2017 | 126,808 | 4.25 | 1.31
Granted | 144,447 | 3.59 | 
Vested | 118,347 | 3.81 | 
Forfeitures | - | - | 
Nonvested as of December 31, 2018 | 152,908 | 3.96 | 1.56
Granted | 113,012 | 3.98 | 
Vested | 64,535 | 3.88 | 
Forfeitures | - | - | 
Nonvested as of December 31, 2019 | 201,385 | 4.00 | 1.95


Question: Who does the Company award and restrict stock to?
Answer: certain employees, officers, directors, and/or service providers
Charges made to the consolidated income statement and consolidated statement of comprehensive income (‘SOCI’) on the basis of the assumptions stated above are:
Note: 1 Following a High Court judgement on 21 October 2018 which concluded that defined benefit schemes should equalise pension benefits for men and women in relation to guaranteed minimum pension (‘GMP’) benefits the Group has recorded a pre-tax past service cost of €16 million (£14 million) in the year ended 31 March 2019.
Table:
 | 2019 €m | 2018 €m | 2017 €m
Current service cost | 31 | 34 | 43
Past service costs1 | 16 | 2 | (27)
Net interest charge | 10 | 8 | 4
Total included within staff costs | 57 | 44 | 20
Actuarial losses recognised in the SOCI | 33 | 94 | 274


Question: Which financial years' information is shown in the table?
Answer: 2017, 2018, 2019
have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets . at december 31 , 2009 , we had a working capital surplus of approximately $ 1.0 billion , which reflects our decision to maintain additional cash reserves to enhance liquidity in response to difficult economic conditions . at december 31 , 2008 , we had a working capital deficit of approximately $ 100 million . historically , we have had a working capital deficit , which is common in our industry and does not indicate a lack of liquidity . we maintain adequate resources and , when necessary , have access to capital to meet any daily and short-term cash requirements , and we have sufficient financial capacity to satisfy our current liabilities . cash flows millions of dollars 2009 2008 2007 .

Table:
millions of dollars | 2009 | 2008 | 2007
cash provided by operating activities | $ 3234 | $ 4070 | $ 3277
cash used in investing activities | -2175 ( 2175 ) | -2764 ( 2764 ) | -2426 ( 2426 )
cash used in financing activities | -458 ( 458 ) | -935 ( 935 ) | -800 ( 800 )
net change in cash and cash equivalents | $ 601 | $ 371 | $ 51
operating activities lower net income in 2009 , a reduction of $ 184 million in the outstanding balance of our accounts receivable securitization program , higher pension contributions of $ 72 million , and changes to working capital combined to decrease cash provided by operating activities compared to 2008 .
higher net income and changes in working capital combined to increase cash provided by operating activities in 2008 compared to 2007 .
in addition , accelerated tax deductions enacted in 2008 on certain new operating assets resulted in lower income tax payments in 2008 versus 2007 .
voluntary pension contributions in 2008 totaling $ 200 million and other pension contributions of $ 8 million partially offset the year-over-year increase versus 2007 .
investing activities lower capital investments and higher proceeds from asset sales drove the decrease in cash used in investing activities in 2009 versus 2008 .
increased capital investments and lower proceeds from asset sales drove the increase in cash used in investing activities in 2008 compared to 2007. .

Question: without the 2008 voluntary pension contributions , how much cash would have been provided by operating activities , in millions?
Answer: 4270
Calculation: add(4070, 200)
Capital expenditures
For 2019, capital expenditure was SEK 5.1 (4.0) billion, representing 2.3% of sales. Expenditures are largely related to test sites and equipment for R&D, network operation centers and manufacturing and repair operations.
The increase in 2019 was mainly due to investments in 5G test equipment.
Annual capital expenditures are normally around 2% of sales. This corresponds to the needs for keeping and maintaining the current capacity level. The Board of Directors reviews the Company’s investment plans and proposals.
As of December 31, 2019, no material land, buildings, machinery or equipment were pledged as collateral for outstanding indebtedness.
Table:
Capital expenditures 2017–2019 |  |  | 
SEK billion | 2019 | 2018 | 2017
Capital expenditures | 5.1 | 4.0 | 3.9
Of which in Sweden | 2.0 | 1.3 | 1.5
Share of annual sales | 2.3% | 1.9% | 1.9%


Question: What is the change between capital expenditure in 2019 and 2018?
Answer: 1.1
Calculation: 5.1-4.0