hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Note 13 – Income Taxes
A summary of the components of the expense (benefit) for income taxes for the years ended December 31, 2019, 2018 and 2017 is as follows:
Table:
(In thousands) | 2019 | 2018 | 2017
Current |  |  | 
Federal | $(518) | $(8,001) | $466
State | (1,065) | (476) | (150)
International | (282) | 11,705 | 6,458
Total Current | (1,865) | 3,228 | 6,774
Deferred |  |  | 
Federal | 24,801 | (14,448) | 8,024
State | 5,815 | (3,390) | 1,882
International | (546) | 581 | 4,167
Total Deferred | 30,070 | (17,257) | 14,073
Total Income Tax Expense (Benefit) | $28,205 | $(14,029) | $20,847


Question: What was the change in deferred federal expense (benefit) between 2018 and 2019?
Answer: 39249
Calculation: 24,801-(-14,448)
The pre-tax discount rate used within the recoverable amount calculations was 8.5% (2018: 8.0%) and is based upon the weighted average cost of capital reflecting specific principal risks and uncertainties. The discount rate takes into account the risk-free rate of return, the market risk premium and beta factor reflecting the average beta for the Group and comparator companies which are used in deriving the cost of equity.
The same discount rate has been applied to both CGUs as the principal risks and uncertainties associated with the Group, as highlighted on pages 30 to 33, would also impact each CGU in a similar manner. The Board acknowledges that there are additional factors that could impact the risk profile of each CGU, which have been considered by way of sensitivity analysis performed as part of the annual impairment tests.
Key drivers to future growth rates are dependent on the Group’s ability to maintain and grow income streams whilst effectively managing operating costs. The level of headroom may change if different growth rate assumptions or a different pre-tax discount rate were used in the cash flow projections. Where the value-in-use calculations suggest an impairment, the Board would consider alternative use values prior to realising any impairment, being the fair value less costs to dispose.
The key assumptions used for value-in-use calculations are as follows:
Having completed the 2019 impairment review, no impairment has been recognised in relation to the CGUs (2018: no impairment). Sensitivity
analysis has been performed in assessing the recoverable amounts of goodwill. There are no changes to the key assumptions of growth rate or
discount rate that are considered by the Directors to be reasonably possible, which give rise to an impairment of goodwill relating to the CGUs.
Table:
 | 2019 | 2018
Annual growth rate (after plan period) | 3.0% | 3.0%
Risk free rate of return | 3.0% | 3.0%
Market risk premium | 5.0% | 4.9%
Beta factor | 0.83 | 0.79
Cost of debt | 3.3% | 3.3%


Question: In what situations might the level of headroom change?
Answer: if different growth rate assumptions or a different pre-tax discount rate were used in the cash flow projections
NOTE 14 – OTHER LIABILITIES
The carrying amount is a reasonable approximation of fair value due to the short-term nature of the receivables. Please refer to note 21 for further information on fair value hierarchies.
Table:
USDm | 2019 | 2018
Partners and commercial managements | 0.5 | 1.2
Accrued operating expenses | 14.1 | 9.1
Accrued interest | 4.0 | 4.6
Wages and social expenses | 14.3 | 16.1
Derivative financial instruments | 12.3 | 3.4
Payables to joint ventures | 0.1 | 0.1
Other | 2.0 | 2.0
Balance as of 31 December | 47.3 | 36.5


Question: What information does note 21 contain?
Answer: further information on fair value hierarchies.
3.4 FINANCIAL EXPENSE
(1) Fiscal 2018 was restated to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Discontinued operations" section.
Fiscal 2019 financial expense decreased by 5.4% mainly due to:
• the reimbursement at maturity of the Senior Secured Notes Series B on October 1, 2018; • the reimbursements of $65 million and US$35 million under the Canadian Revolving Facility during the second quarter of fiscal 2019 and of US$328 million during the third quarter of fiscal 2019 following the sale of Cogeco Peer 1; and
• early reimbursement of the US$400 million Senior Unsecured Notes during the third quarter of fiscal 2018 which resulted in a $6.2 million redemption premium and the write-off of the unamortized deferred transaction costs of $2.5 million; partly offset by • higher interest cost on the First Lien Credit Facilities resulting from the full year impact of the financing of the MetroCast acquisition; and • the appreciation of the US dollar against the Canadian dollar compared to the prior year.
Table:
Years ended August 31, | 2019 | 2018 (1) | Change
(in thousands of dollars, except percentages) | $ | $ | %
Interest on long-term debt | 176,798 | 179,680 | (1.6)
Net foreign exchange gains | (2,744) | (2,134) | 28.6
Amortization of deferred transaction costs | 1,836 | 1,884 | (2.5)
Capitalized borrowing costs | (690) | (2,074) | (66.7)
Other | 302 | 8,100 | (96.3)
 | 175,502 | 185,456 | (5.4)


Question: What was the average net foreign exchange gains between 2018 and 2019?
Answer: -2439
Calculation: - (2,744 + 2,134) / 2
The following table provides detail of amounts reclassified from AOCL:
(1) These accumulated other comprehensive components are included in our derivative and hedging activities. See Note 15, “Derivatives and Hedging Activities,” of the Notes to Consolidated Financial Statements for additional details.
Table:
(In millions) | 2019 | 2018 | 2017 | Location of Amount Reclassified from AOCL
Defined benefit pension plans and other post-employment benefits: |  |  |  | 
Prior service credits | $ 0.1 | $0.3 | $ 1.3 | 
Actuarial losses | (4.9) | (3.1) | (10.0) | 
Total pre-tax amount | (4.8) | (2.8) | (8.7) | Other (expense) income, net
Tax benefit | 1.2 | 0.7 | 2.5 | 
Net of tax | (3.6) | (2.1) | (6.2) | 
Net gains (losses) on cash flow hedging derivatives:(1) |  |  |  | 
Foreign currency forward contracts | 1.6 | 0.2 | 0.9 | Cost of sales
Interest rate and currency swaps | — | — | (3.4) | 
Treasury locks | 0.1 | 0.1 | 0.1 | Interest expense, net
Total pre-tax amount | 1.7 | 0.3 | (2.4) | 
Tax (expense) benefit | (0.6) | (0.1) | 0.8 | 
Net of tax | 1.1 | 0.2 | (1.6) | 
Total reclassifications for the period | (2.5 ) | (1.9 ) | (7.8 ) | 


Question: What is the Net of tax for 2018?
Answer: 0.2
13 . pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries . as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s . defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest . however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula . for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula . in addition , the company provides medical benefits , principally to its eligible u.s . retirees and their dependents , through its other postretirement benefit plans . the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans . net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: .

Table:
years ended december 31 | pension benefits 2013 | pension benefits 2012 | pension benefits 2011 | pension benefits 2013 | pension benefits 2012 | 2011
service cost | $ 682 | $ 555 | $ 619 | $ 102 | $ 82 | $ 110
interest cost | 665 | 661 | 718 | 107 | 121 | 141
expected return on plan assets | -1097 ( 1097 ) | -970 ( 970 ) | -972 ( 972 ) | -126 ( 126 ) | -136 ( 136 ) | -142 ( 142 )
net amortization | 336 | 185 | 201 | -50 ( 50 ) | -35 ( 35 ) | -17 ( 17 )
termination benefits | 58 | 27 | 59 | 50 | 18 | 29
curtailments | -23 ( 23 ) | -10 ( 10 ) | -86 ( 86 ) | -11 ( 11 ) | -7 ( 7 ) | 1
settlements | 23 | 18 | 4 | 2014 | 2014 | 2014
net periodic benefit cost | $ 644 | $ 466 | $ 543 | $ 72 | $ 43 | $ 122
the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate .
the net periodic benefit cost attributable to u.s .
pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck .
also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans .
in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans .
table of contents .

Question: considering the years 2012 and 2013 , what is the increase observed in the service cost?
Answer: 22.88%
Calculation: divide(682, 555), subtract(#0, const_1)
Relative importance of the spend on pay
The following table shows the total expenditure on pay for all of the Company’s employees compared to distributions to shareholders by way of dividend. In order to provide context for these figures, adjusted operating profit is also shown.
Notes
1. Remuneration, social security costs, pension and other related costs and expense of share-based payment (see Note 8 to the Consolidated Financial Statements).
2. Dividends declared and paid in the year include a special dividend paid in 2018 (see Note 12 of the Consolidated Financial Statements). Removing the Special Dividend would give a figure for 2018 of $24.9 million with an increase of 14.86 per cent to the 2019 figure of $28.6 million.
3. Before exceptional items, acquisition related costs, acquired tangible asset amortisation and share-based payment amounting to $4.3 million in total (2018 $19.6 million) (see Note 3 of the Consolidated Financial Statements).
Table:
 | 2019 | 2018 | Per cent
 | $ million | $ million | change
Employee remuneration costs1 | 220.5 | 208.9 | 5.6
Distributions to shareholders2 | 28.6 | 54.8 | (47.8)
Adjusted operating profit3 | 92.9 | 77.1 | 20.5


Question: What was the average amount of adjusted operating profit recorded across 2018 and 2019?
Answer: 85
Calculation: (92.9+77.1)/2
Performance-Based Restricted Stock Units
Performance-based restricted stock units are eligible to vest at the end of each fiscal year in a three-year performance period based on the Company’s annual growth rate in net sales and non-GAAP diluted earnings per share (subject to certain adjustments) over a multiple of four times the related results for the fourth quarter of 2018 relative to the growth rates for a peer group of companies for the same metrics and periods.
For the performance-based restricted stock units granted in 2019, 60% of each performance-based award is subject to the net sales metric for the performance period and 40% is subject to the non-GAAP diluted earnings per share metric for the performance period. The maximum percentage for a particular metric is2 50% of the target number of units subject to the award related to that metric, however, vesting of the performance stock units is capped at 30% and 100%, respectively, of the target number of units subject to the award in years one and two, respectively, of the three-year performance period.
As of December 31, 2019, the Company believes that it is probable that the Company will achieve performance metrics specified in the award agreement based on its expected revenue and non-GAAP diluted EPS results over the performance period and calculated growth rates relative to its peers’ expected results based on data available, as defined in the award agreement.
A summary of the Company’s performance-based restricted stock unit activity is as follows:
(1) Number of shares granted is based on the maximum percentage achievable in the performance-based restricted stock unit award.
Table:
 | Number of Shares | Weighted-Average Grant-Date
 | (in thousands) | Fair Value per Share
Outstanding at December 31, 2018 | — | $—
Granted(1) | 445 | 22.21
Outstanding at December 31, 2019 | 445 | 22.21


Question: What was the change in the outstanding from 2018 to 2019?
Answer: 445
Calculation: 445 - 0
Capitalized software development costs consisted of the following (in thousands):
The Company capitalized software development costs of $8.8 million, $8.8 million and $6.2 million during the years ended December 31, 2019, 2018 and 2017, respectively.
Amortized expense for capitalized software development costs was $7.0 million, $5.9 million and $5.0 million during the years ended December 31, 2019, 2018 and 2017, respectively. Amortization of capitalized software development costs is classified within cost of revenue in the consolidated statements of operations and comprehensive loss. During the year ended December 31, 2019, the Company retired $4.6 million of fully amortized capitalized software development costs.
Table:
 |  |  | As of December 31, 2019 | 
 | Gross carrying amount | Amortization period | Accumulated amortization | Net carrying amount
Capitalized software development costs | $ 49,909 | 3 years | $ (35,622) | $ 14,287
Total capitalized software development costs | $ 49,909 |  | $ (35,622) | $ 14,287
 |  |  | As of December 31, 2018 | 
 | Gross carrying amount | Amortization period | Accumulated amortization | Net carrying amount
Capitalized software development costs | $ 45,677 | 3 years | $ (32,784) | $ 12,893
Total capitalized software development costs | $ 45,677 |  | $ (32,784) | $ 12,893


Question: What is the increase/ (decrease) in Accumulated amortization: Capitalized software development costs from December 31, 2019 to December 31, 2018?
Answer: 2838
Calculation: 35,622-32,784
1. THE BUSINESS
Maple Leaf Foods Inc. (“Maple Leaf Foods” or the "Company") is a producer of food products under leading brands including Maple
Leaf®, Maple Leaf Prime®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, Swift®, Lightlife®, and Field Roast Grain Meat Co.™
The Company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, valued-added fresh pork and poultry and
plant protein products. The address of the Company's registered office is 6985 Financial Dr. Mississauga, Ontario, L5N 0A1, Canada.
The Company employs approximately 13,000 people and does business primarily in Canada, the U.S. and Asia. The Company's shares trade on the Toronto Stock Exchange (MFI).
1. THE BUSINESS Maple Leaf Foods Inc. (“Maple Leaf Foods” or the "Company") is a producer of food products under leading brands including Maple Leaf®, Maple Leaf Prime®, Schneiders®, Mina®, Greenfield Natural Meat Co.®, Swift®, Lightlife®, and Field Roast Grain Meat Co.™ The Company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, valued-added fresh pork and poultry and plant protein products. The address of the Company's registered office is 6985 Financial Dr. Mississauga, Ontario, L5N 0A1, Canada. The Company employs approximately 13,000 people and does business primarily in Canada, the U.S. and Asia. The Company's shares trade on the Toronto Stock Exchange (MFI).
Sales for 2019 were $3,941.5 million compared to $3,495.5 million last year, an increase of 12.8%. Excluding acquisitions, sales increased 5.2%, driven by favourable pricing, mix and volume in meat protein and accelerated growth in plant protein of 23.6%.
Net earnings for 2019 were $74.6 million ($0.60 per basic share) compared to $101.3 million ($0.81 per basic share) last year. Strong commercial performance and favourable resolution of income tax audits were more than offset by strategic investments in plant protein to drive top line growth and heightened volatility in hog prices. Net earnings were negatively impacted by $12.1 million due to non-cash fair value changes in biological assets and derivative contracts, which are excluded in the calculation of Adjusted Operating Earnings below.
Adjusted Operating Earnings for 2019 were $145.4 million compared to $215.6 million last year, and Adjusted Earnings per Share for
2019 were $0.68 compared to $1.22 last year due to similar factors as noted above.
For further discussion on key metrics and a discussion of results by operating segment, refer to the section titled Operating Review
starting on page 3 of this document.
Table:
 | Twelve months ended December 31, |  | 
($ millions except earnings per share) | 2019 | 2018 | % Change
Sales | $3,941.5 | $3,495.5 | 12.8 %
Net Earnings | $74.6 | $101.3 | (26.4)%
Basic Earnings per Share | $0.60 | $0.81 | (25.9)%
Adjusted Operating Earnings(i) | $145.4 | $215.6 | (32.6)%
Adjusted Earnings per Share(i) | $0.68 | $1.22 | (44.3)%


Question: Why did sales increase in 2019?
Answer: Driven by favourable pricing, mix and volume in meat protein and accelerated growth in plant protein
7. OTHER BALANCE SHEET AMOUNTS
The components of property and equipment, net is as follows (in thousands):
Depreciation expense for the years ended December 31, 2019, 2018, and 2017 was $11.8 million, $10.2 million, and $10.3 million, respectively.
Table:
 |  | December 31, | 
 | Useful Life | 2019 | 2018
Computer equipment and software | 3 – 5 years | $57,474 | $52,055
Furniture and fixtures | 7 years | 6,096 | 4,367
Leasehold improvements | 2 – 6 years | 22,800 | 9,987
Renovation in progress | n/a | 8 | 1,984
Build-to-suit property | 25 years | — | 51,058
Total property and equipment, gross |  | 86,378 | 119,451
Less: accumulated depreciation and amortization |  | (49,852) | (42,197)
Total property and equipment, net |  | $36,526 | $77,254


Question: What is the change in furniture and fixtures between 2018 and 2019?
Answer: 1729
Calculation: (6,096-4,367)
The line “Construction in progress” in the table above includes property, plant and equipment under construction and equipment under qualification before operating.
On January 1, 2019, the Company adopted the new guidance on lease accounting and lease right-of-use assets are included in plant, property and equipment. The impact of the adoption of this new guidance is further described in Note 11.
The depreciation charge was $785 million, $727 million and $592 million in 2019, 2018 and 2017, respectively.
As described in Note 7, the acquisition of Norstel resulted in the recognition of property, plant and equipment of $11 million.
Table:
December 31, 2019 | Gross Cost | Accumulated Depreciation | Net Cost
Land | 78 | — | 78
Buildings | 905 | (505) | 400
Facilities & leasehold improvements | 3,193 | (2,762) | 431
Machinery and equipment | 15,336 | (12,790) | 2,546
Computer and R&D equipment | 382 | (335) | 47
Operating lease right-of-use assets | 266 | (60) | 206
Other tangible assets | 110 | (93) | 17
Construction in progress | 282 | — | 282
Total | 20,552 | (16,545) | 4,007
December 31, 2018 | Gross Cost | Accumulated Depreciation | Net Cost
Land | 79 | — | 79
Buildings | 902 | (487) | 415
Facilities & leasehold improvements | 3,170 | (2,748) | 422
Machinery and equipment | 14,882 | (12,582) | 2,300
Computer and R&D equipment | 381 | (334) | 47
Other tangible assets | 123 | (93) | 30
Construction in progress | 202 | — | 202
Total | 19,739 | (16,244) | 3,495


Question: What is the average Gross Cost?
Answer: 20145.5
Calculation: (20,552+19,739) / 2
REMUNERATION COMMITTEE REPORT
The table above shows the actual expenditure of the Group for employee pay and distributions to shareholders compared to the retained earnings of the Group.
Table:
RELATIVE IMPORTANCE OF SPEND ON PAY |  |  | 
Expenditure USDm | 2019 | 2018 | 2017
Dividends paid | - | - | 1.2
Purchase of outstanding treasury shares in TORM A/S | - | - | -
Purchase/disposals of treasury shares | - | - | -
Total | - | - | 1.2
Staff costs | 45.8 | 46.2 | 43.8
Retained earnings | 920.0 | 752.0 | 786.0


Question: What was the change in retained earnings in 2019 from 2018?
Answer: 168
Calculation: 920.0-752.0
nbcuniversal media , llc consolidated statement of comprehensive income .

Table:
year ended december 31 ( in millions ) | 2015 | 2014 | 2013
net income | $ 3624 | $ 3297 | $ 2122
deferred gains ( losses ) on cash flow hedges net | -21 ( 21 ) | 25 | -5 ( 5 )
employee benefit obligations net | 60 | -106 ( 106 ) | 95
currency translation adjustments net | -121 ( 121 ) | -62 ( 62 ) | -41 ( 41 )
comprehensive income | 3542 | 3154 | 2171
net ( income ) loss attributable to noncontrolling interests | -210 ( 210 ) | -182 ( 182 ) | -154 ( 154 )
other comprehensive ( income ) loss attributable to noncontrolling interests | 29 | 2014 | 2014
comprehensive income attributable to nbcuniversal | $ 3361 | $ 2972 | $ 2017
see accompanying notes to consolidated financial statements .
147 comcast 2015 annual report on form 10-k .

Question: what is the percentage change in comprehensive income attributable to nbcuniversal from 2014 to 2015?
Answer: 13%
Calculation: subtract(3361, 2972), divide(#0, 2972)
The following is a summary of stock option activity during fiscal 2019:
Net income before income taxes included compensation expense related to the amortization of the Company’s stock option awards of $0.1 million during both fiscal 2019 and fiscal 2018. At September 2019, total unamortized compensation expense related to stock options was approximately $0.3 million. This unamortized compensation expense is expected to be amortized over approximately the next 38 months.
The aggregate intrinsic value of stock options exercisable was approximately $0.2 million and $0.3 million at September 2019 and September 2018, respectively.
The total intrinsic value of stock options exercised was $0.1 million in both fiscal 2019 and fiscal 2018. The total fair value of stock options vested was $0.4 million during both fiscal 2019 and fiscal 2018.
Table:
 | Number of Shares | Weighted Average Exercise Price
Outstanding at September 2018 | 33,800 | $  77.85
Granted | 5,450 | 84.00
Exercised | (2,800) | 79.22
Forfeited/Expired | — | —
Outstanding at September 2019 | 36,450 | $  78.67


Question: What is the percentage change in the company's shares outstanding at September 2018 and 2019?
Answer: 7.84
Calculation: (36,450 - 33,800)/33,800