hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ASSUMPTIONS USED IN STOCK OPTION PRICING MODEL
The fair value of options granted was determined using a variation of a binomial option pricing model that takes into account factors specific to the share incentive plans, such as the vesting period. The following table shows the principal assumptions used in the valuation.
Expected dividend growth is commensurate with BCE’s dividend growth strategy. Expected volatility is based on the historical volatility of BCE’s share price. The risk-free rate used is equal to the yield available on Government of Canada bonds at the date of grant with a term equal to the expected life of the options
Table:
 | 2019 | 2018
Weighted average fair value per option granted | $2.34 | $2.13
Weighted average share price | $58 | $57
Weighted average exercise price | $58 | $56
Expected dividend growth | 5% | 5%
Expected volatility | 14% | 12%
Risk-free interest rate | 2% | 2%
Expected life (years) | 4 | 4


Question: What is expected volatility based on?
Answer: the historical volatility of BCE’s share price
15 Financial risk management (continued)
(c) Liquidity risk
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due.
Management also actively monitors rolling forecasts of the Group’s cash and cash equivalents.
(i) Maturities of financial liabilities
The table below analyses the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities for all non-derivative financial liabilities.
The amounts disclosed in the table are the contractual undiscounted cash flows.
The cash flows for unsecured notes assume that the early redemption options would not be exercised by the Group.
Table:
Contractual Maturities of Financial Liabilities | Within 12 months | Between 1 and 5 years | Over 5 years | Total contractual cash flows | Carrying amount
2019 | $'000 | $'000 | $'000 | $'000 | $'000
Trade payables | 44,840 | - | - | 44,840 | 44,840
Unsecured notes | 46,634 | 900,046 | - | 946,680 | 793,849
Lease liabilities | 5,008 | 26,709 | 167,214 | 198,931 | 73,328
Total non-derivatives | 96,482 | 926,755 | 167,214 | 1,190,451 | 912,017
2018 |  |  |  |  | 
Trade payables | 27,640 | - | - | 27,640 | 27,640
Unsecured notes | 18,750 | 342,000 | - | 360,750 | 296,912
Lease liabilities | 641 | 2,565 | 5,451 | 8,657 | 6,042
Total non-derivatives | 47,031 | 344,565 | 5,451 | 397,047 | 330,594


Question: What was the assumption behind the cash flows for unsecured notes?
Answer: the early redemption options would not be exercised by the Group.
As a result of the adoption of ASC 606, our deferred product revenues and deferred product costs for the fleet management and auto vehicle finance verticals increased as balances are now amortized over the estimated average in-service lives of these devices. Deferred income tax assets and accumulated deficit increased as a result of the changes made to our deferred product revenues and deferred product costs. The cumulative effect of the changes made to our consolidated balance sheet for the adoption of ASC 606 were as follows (in thousands):
(1) Deferred product costs included in Prepaid expenses and other current assets and Other assets amounted to $5.4 million and $6.0 million, respectively, as of March 1, 2018.
Table:
 | Balance at | ASC 606 | Balance at
 | February 28, 2018 | Adjustments | March 1, 2018
 | Assets |  | 
Prepaid expenses and other current assets (1) | $12,000 | 1,891 | $13,891
Deferred income tax assets | 31,581 | 532 | 32,113
Other assets (1) | 18,829 | 3,145 | 21,974
 |  |  | 
 | Liabilities and Stockholders' Equity |  | 
Deferred revenue | $17,757 | 2,156 | 19,913
Other non-current liabilities | 24,249 | 5,007 | 29,256
 |  |  | 
 | Stockholders' equity |  | 


Question: What were the balance of total assets at February 28, 2018?
Answer: 62410
Calculation: (12,000+31,581+18,829)
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The provision for income taxes from continuing operations is summarized as follows:
The Company’s effective tax rates differ from the U.S. federal statutory rate of 21% for the years ended December 31, 2019 and December 31, 2018, primarily due to the benefit of tax credits and earnings in foreign jurisdictions which are subject to lower tax rates, offset by additional GILTI tax in the US and withholding taxes.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Current: |  |  | 
Federal | $(9,627) | $1,423 | $26,550
State | 882 | 12 | 601
Foreign | 18,429 | 13,772 | 9,621
Total current provision | $9,684 | $15,207 | $36,772
Deferred: |  |  | 
Federal | $ 3,822 | $  4,021 | $ 28,297
State | (178) | 2,363 | (1,000)
Foreign | (2,629) | 3,636 | (1,979)
Total deferred provision | 1,015 | 10,020 | 25,318
Total provision for income taxes | $10,699 | $25,227 | $62,090


Question: What was the current provision for Foreign taxes in 2019?
Answer: 18,429
Other (Income) Expenses
nm - not meaningful
Interest income. Interest income decreased $64,000 during fiscal 2018 as compared to fiscal 2017.
Interest expense. Interest expense consists of costs associated with capital leases and loans on corporate-owned life insurance policies.
Other (income) expense, net. Other (income) expense, net consists mainly of the impact of foreign currency due to movement of European and Asian currencies against the US dollar.
Table:
 | Year ended March 31, |  | (Unfavorable) favorable | 
(Dollars in thousands) | 2018 | 2017 | $ | %
Other (income) expenses |  |  |  | 
Interest (income) | $(98) | $(162) | $(64) | (39.5)%
Interest expense | 10 | 15 | 5 | 33.3%
Other (income) expense, net | (391) | 224 | 615 | nm
Total other (income) expense, net | $(479) | $77 | $556 | nm


Question: What is the average Other (income) expense, net for 2017 and 2018?
Answer: -83.5
Calculation: (-391 + 224) / 2
Restricted Stock Unit Award Plans
We have two Restricted Stock Unit Award Plans for our employees and non-employee directors, a 2017 Restricted Stock Unit Award Plan (the “2017 RSU Plan”) and a 2014 Restricted Stock Unit Award Plan (the “2014 RSU Plan”). Vesting of an RSU entitles the holder to receive a share of our common stock on a distribution date. Our non-employee director awards allow for non-employee directors to receive payment in cash, instead of stock, for up to 40% of each RSU award. The portion of the RSU awards subject to cash settlement are recorded as a liability in the Company’s consolidated balance sheet as they vest and being marked-to-market each reporting period until they are distributed. The liability was $29 thousand and $11 thousand at December 31, 2019 and 2018, respectively.
The compensation cost to be incurred on a granted RSU without a cash settlement option is the RSU’s fair value, which is the market price of our common stock on the date of grant, less its exercise cost. The compensation cost is amortized to expense and recorded to additional paid-in capital over the vesting period of the RSU award.
A summary of the grants under the RSU Plans as of December 31, 2019 and 2018, and for the year then ended consisted of the following (in thousands):
Table:
 |  | Year Ended | December 31, | 
 | 2019 |  | 2018 | 
 | Number of | Number of | Number of | Number of
 | RSUs | Vested RSUs | RSUs | Vested RSUs
Outstanding, Jan. 1 | 951 | 459 | 462 | 262
Granted | 333 | - | 759 | -
Distributed | (267) | (267) | (262) | (262)
Vested | - | 825 | - | 459
Forfeited | - | - | (8) | -
Outstanding, Dec. 31 | 1,017 | 1,017 | 951 | 459


Question: What are the two restricted stock unit award plans for employee and non-employee directors?
Answer: We have two Restricted Stock Unit Award Plans for our employees and non-employee directors, a 2017 Restricted Stock Unit Award Plan (the “2017 RSU Plan”) and a 2014 Restricted Stock Unit Award Plan (the “2014 RSU Plan”).
remitted to the u.s . due to foreign tax credits and exclusions that may become available at the time of remittance . at december 31 , 2010 , aon had domestic federal operating loss carryforwards of $ 56 million that will expire at various dates from 2011 to 2024 , state operating loss carryforwards of $ 610 million that will expire at various dates from 2011 to 2031 , and foreign operating and capital loss carryforwards of $ 720 million and $ 251 million , respectively , nearly all of which are subject to indefinite carryforward . unrecognized tax provisions the following is a reconciliation of the company 2019s beginning and ending amount of unrecognized tax benefits ( in millions ) : .

Table:
 | 2010 | 2009
balance at january 1 | $ 77 | $ 86
additions based on tax positions related to the current year | 7 | 2
additions for tax positions of prior years | 4 | 5
reductions for tax positions of prior years | -7 ( 7 ) | -11 ( 11 )
settlements | -1 ( 1 ) | -10 ( 10 )
lapse of statute of limitations | -5 ( 5 ) | -3 ( 3 )
acquisitions | 26 | 6
foreign currency translation | -1 ( 1 ) | 2
balance at december 31 | $ 100 | $ 77
as of december 31 , 2010 , $ 85 million of unrecognized tax benefits would impact the effective tax rate if recognized .
aon does not expect the unrecognized tax positions to change significantly over the next twelve months , except for a potential reduction of unrecognized tax benefits in the range of $ 10-$ 15 million relating to anticipated audit settlements .
the company recognizes penalties and interest related to unrecognized income tax benefits in its provision for income taxes .
aon accrued potential penalties of less than $ 1 million during each of 2010 , 2009 and 2008 .
aon accrued interest of less than $ 1 million in 2010 , $ 2 million during 2009 and less than $ 1 million in 2008 .
aon has recorded a liability for penalties of $ 5 million and for interest of $ 18 million for both december 31 , 2010 and 2009 .
aon and its subsidiaries file income tax returns in the u.s .
federal jurisdiction as well as various state and international jurisdictions .
aon has substantially concluded all u.s .
federal income tax matters for years through 2006 .
material u.s .
state and local income tax jurisdiction examinations have been concluded for years through 2002 .
aon has concluded income tax examinations in its primary international jurisdictions through 2004. .

Question: what percent of unrecognized tax benefits would impact the effective tax rate if recognized in 2010?
Answer: 85%
Calculation: divide(85, 100)
31. NET DEFERRED GAIN (Cont’d)
NetLink Trust (“NLT”) is a business trust established as part of the Info-communications Media Development Authority of Singapore’s effective open access requirements under Singapore’s Next Generation Nationwide Broadband Network.
In prior years, Singtel had sold certain infrastructure assets, namely ducts, manholes and exchange buildings (“Assets”) to NLT. At the consolidated level, the gain on disposal of Assets recognised by Singtel is deferred in the Group’s statement of financial position and amortised over the useful lives of the Assets. The unamortised deferred gain is released to the Group’s income statement when NLT is partially or fully sold, based on the proportionate equity interest disposed.
Singtel sold its 100% interest in NLT to NetLink NBN Trust (the “Trust”) in July 2017 for cash as well as a 24.8% interest in the Trust. Net deferred gains of S$1.10 billion were correspondingly released to the Group’s income statement in the previous financial year upon this sale. Following the divestment, Singtel ceased to own units in NLT but continues to have an interest of 24.8% in the Trust which owns all the units in NLT.

Singtel sold its 100% interest in NLT to NetLink NBN Trust (the “Trust”) in July 2017 for cash as well as a 24.8% interest in the Trust. Net deferred gains of S$1.10 billion were correspondingly released to the Group’s income statement in the previous financial year upon this sale. Following the divestment, Singtel ceased to own units in NLT but continues to have an interest of 24.8% in the Trust which owns all the units in NLT.
Table:
 |  | Group | 
 | 31 March | 31 March | 1 April
 | 2019 | 2018 | 2017
 | S$ Mil | S$ Mil | S$ Mil
Unamortised deferred gain | 446.3 | 452.7 | 1,616.5
Reclassification from ‘Associates’ (see Note 23) | (50.5) | (74.9) | (265.0)
Net deferred gain | 395.8 | 377.8 | 1,351.5
Classified as – |  |  | 
Current | 20.8 | 20.1 | 68.8
Non-current | 375.0 | 357.7 | 1,282.7
 | 395.8 | 377.8 | 1,351.5


Question: What "Assets" did Singtel sell to NLT?
Answer: ducts, manholes and exchange buildings
apple inc . | 2018 form 10-k | 20 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend-reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index for the five years ended september 29 , 2018 . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s . technology supersector index as of the market close on september 27 , 2013 . note that historic stock price performance is not necessarily indicative of future stock price performance . * $ 100 invested on september 27 , 2013 in stock or index , including reinvestment of dividends . data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes . copyright a9 2018 standard & poor 2019s , a division of s&p global . all rights reserved . copyright a9 2018 s&p dow jones indices llc , a division of s&p global . all rights reserved . september september september september september september .

Table:
 | september2013 | september2014 | september2015 | september2016 | september2017 | september2018
apple inc . | $ 100 | $ 149 | $ 173 | $ 174 | $ 242 | $ 359
s&p 500 index | $ 100 | $ 120 | $ 119 | $ 137 | $ 163 | $ 192
s&p information technology index | $ 100 | $ 129 | $ 132 | $ 162 | $ 209 | $ 275
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 130 | $ 159 | $ 203 | $ 266
.

Question: what was the percentage cumulative total return for apple inc . for the five year period ended september 2018?
Answer: 259%
Calculation: subtract(359, 100), divide(#0, 100)
Note 19 Goodwill
The following table provides details about the changes in the carrying amounts of goodwill for the years ended December 31, 2019 and 2018. BCE’s groups of CGUs correspond to our reporting segments.
Table:
 | BELL WIRELESS | BELL  WIRELINE | BELL  MEDIA | BCE
Balance at January 1, 2018 | 3,032 | 4,497 | 2,899 | 10,428
Acquisitions and other | 16 | 182 | 32 | 230
Balance at December 31, 2018 | 3,048 | 4,679 | 2,931 | 10,658
Acquisitions and other | – | (6) | 15 | 9
Balance at December 31, 2019 | 3,048 | 4,673 | 2,946 | 10,667


Question: What does BCE's groups of CGUS correspond to?
Answer: reporting segments
Item 6. Selected Financial Data
Five-Year Financial Summary in millions, except per share data (Fiscal years ended June 30,)
(a) Fiscal year 2019 included $1.2 million of acquisition-related costs related to LPW Technology Ltd. See Note 4 in the Notes to the Consolidated Financial Statements included in Item 8. “Financial Statements and Supplementary Data” of this report.
(b) Fiscal year 2018 included $68.3 million of discrete income tax net benefits related to the U.S. tax reform and other legislative changes. See Note 17 in the Notes to the Consolidated Financial Statements included in Item 8. “Financial Statements and Supplementary Data” of this report.
(c) Fiscal year 2017 included $3.2 million of loss on divestiture of business. See Note 4 in the Notes to the Consolidated Financial Statements included in Item 8. "Financial Statements and Supplementary Data" of this report.
(d) Fiscal year 2016 included $22.5 million of excess inventory write-down charges, $12.5 million of goodwill impairment charges and $18.0 million of restructuring and impairment charges including $7.6 million of impairment of intangible assets and property, plant and equipment and $10.4 million of restructuring costs related primarily to an early retirement incentive and other severance related costs.
(e) Fiscal year 2015 included $29.1 million of restructuring costs related principally to workforce reduction, facility closures and write-down of certain assets.
(f) The weighted average common shares outstanding for fiscal years 2016 and 2015 included 5.5 million and 0.9 million less shares, respectively, related to the share repurchase program authorized in October 2014. During the fiscal years ended June 30, 2016 and 2015, we repurchased 3,762,200 shares and 2,995,272 shares, respectively, of common stock for $123.9 million and $124.5 million, respectively.
See Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for discussion of factors that affect the comparability of the “Selected Financial Data”.
Table:
 | 2019 (a) | 2018(b) | 2017(c) | 2016(d)(f) | 2015 (e)(f)
Summary of Operations: |  |  |  |  | 
Net sales | $2,380.2 | $2,157.7 | $1,797.6 | $1,813.4 | $2,226.7
Operating income | $241.4 | $189.3 | $121.5 | $70.8 | $119.3
Net income | $167.0 | $188.5 | $47.0 | $11.3 | $58.7
Financial Position at Year-End: |  |  |  |  | 
Cash and cash equivalents | $27.0 | $56.2 | $66.3 | $82.0 | $70.0
Total assets | $3,187.8 | $3,007.0 | $2,878.1 | $2,794.3 | $2,902.6
Long-term debt, net of current portion | $550.6 | $545.7 | $550.0 | $611.3 | $603.8
Per Common Share: |  |  |  |  | 
Net earnings: |  |  |  |  | 
Basic | $3.46 | $3.96 | $0.99 | $0.23 | $1.11
Diluted | $3.43 | $3.92 | $0.99 | $0.23 | $1.11
Cash dividend-common | $0.80 | $0.72 | $0.72 | $0.72 | $0.72
Weighted Average Common Shares outstanding: |  |  |  |  | 
Basic | 47.7 | 47.2 | 47.0 | 48.1 | 52.6
Diluted | 48.1 | 47.6 | 47.1 | 48.2 | 52.7


Question: What did Fiscal year 2019 include?
Answer: $1.2 million of acquisition-related costs related to LPW Technology Ltd
19. Cash and cash equivalents
The majority of the Group’s cash is held in bank deposits or money market funds which have a maturity of three months or less to enable us to meet our short-term liquidity requirements.
Accounting policies
Cash and cash equivalents comprise cash in hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Assets in money market funds, whose contractual cash flows do not represent solely payments of interest and principal, are measured at fair value with gains and losses arising from changes in fair value included in net profit or loss for the period. All other cash and cash equivalents are measured at amortised cost.
Note: 1 Items are measured at fair value and the valuation basis is level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets.
The carrying amount of balances at amortised cost approximates their fair value.
Cash and cash equivalents of €1,381 million (2018: €1,449 million) are held in countries with restrictions on remittances but where the balances could be used to repay subsidiaries’ third party liabilities.
Table:
 | 2019 | 2018
 | €m | €m
Cash at bank and in hand | 2,434 | 2,197
Repurchase agreements and bank deposits | 2,196 | –
Money market funds1 | 9,007 | 2,477
Cash and cash equivalents as presented in the statement of financial position | 13,637 | 4,674
Bank overdrafts | (32) | (7)
Cash and cash equivalents of discontinued operations | – | 727
Cash and cash equivalents as presented in the statement of cash flows | 13,605 | 5,394


Question: What does cash and cash equivalents comprise of?
Answer: cash in hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value
Executive Annual Incentive Plan Target Opportunities: The following table presents each NEO’s target incentive opportunity for FY19 under the FY19 Executive Annual Incentive Plan (the ‘‘FY19 EAIP’’):
(1) In connection with Mr. Kapuria’s promotion, his FY19 Individual Annual Incentive Target under the FY19 EAIP increased from 60% to 100% effective May 8, 2018. Mr. Kapuria’s prorated target annual incentive value for FY19 is $427,451.
Table:
 | FY19 Individual Annual | FY19
NEO | Incentive Target (%) | Target ($)
Gregory S. Clark | 150 | 1,500,000
Nicholas R. Noviello | 100 | 650,000
Amy L. Cappellanti-Wolf | 70 | 308,000
Samir Kapuria(1) | 100 | 450,000
Scott C. Taylor | 100 | 600,000


Question: What is the average FY19 target ($) for NEOs?
Answer: 701600
Calculation: (1,500,000+650,000+308,000+450,000+600,000)/5
Restricted Stock and Restricted Stock Units ("Restricted Stock Awards")
As of August 29, 2019, there were 16 million shares of Restricted Stock Awards outstanding, 14 million of which contained only service conditions. For service-based Restricted Stock Awards, restrictions generally lapse in one-fourth or one-third increments during each year of employment after the grant date. Restrictions lapse on Restricted Stock granted in 2019 with performance or market conditions over a three-year period if conditions are met. At the end of the performance period, the number of actual shares to be awarded will vary between 0% and 200% of target amounts, depending upon the achievement level. Restricted Stock Awards activity for 2019 is summarized as follows:
Table:
 | Number of Shares | Weighted-Average Grant Date Fair Value Per Share
Outstanding as of August 30, 2018 | 15 | $25.18
Granted | 9 | 41.11
Restrictions lapsed | (6) | 24.22
Canceled | (2) | 24.79
Outstanding as of August 29, 2019 | 16 | 34.72


Question: What is the percentage change of the number of Restricted Stock Awards shares outstanding from August 30, 2018, to August 29, 2019?
Answer: 6.67
Calculation: (16-15)/15