hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
ADOPTION OF IFRS 16
Upon adoption of IFRS 16 on January 1, 2019, we recognized right-of-use assets of $2,257 million within property, plant and equipment, and lease liabilities of $2,304 million within debt, with an increase to our deficit of $19 million. These amounts were recognized in addition to assets under finance leases of $1,947 million and the corresponding finance lease liabilities of $2,097 million at December 31, 2018 under IAS 17. As a result, on January 1, 2019, our total right-of-use assets and lease liabilities amounted to $4,204 million and $4,401 million, respectively. The table below shows the impacts of adopting IFRS 16 on our January 1, 2019 consolidated statement of financial position.
BCE’s operating lease commitments at December 31, 2018 were $1,612 million. The difference between operating lease commitments at December 31, 2018 and lease liabilities of $2,304 million upon adoption of IFRS 16 at January 1, 2019, is due mainly to an increase of $1,122 million related to renewal options reasonably certain to be exercised, an increase of $112 million mainly related to non-monetary transactions and a decrease of ($542) million as a result of discounting applied to future lease payments, which was determined using a weighted average incremental borrowing rate of 3.49% at January 1, 2019.
Table:
 | DECEMBER 31, 2018 AS REPORTED | IFRS 16 IMPACTS | JANUARY 1, 2019 UPON ADOPTION OF IFRS 16
Prepaid expenses | 244 | (55) | 189
Other current assets | 329 | 9 | 338
Property, plant and equipment | 24,844 | 2,257 | 27,101
Other non-current assets | 847 | 17 | 864
Trade payables and other liabilities | 3,941 | (10) | 3,931
Debt due within one year | 4,645 | 293 | 4,938
Long-term debt | 19,760 | 2,011 | 21,771
Deferred tax liabilities | 3,163 | (7) | 3,156
Other non-current liabilities | 997 | (39) | 958
Deficit | (4,937) | (19) | (4,956)
Non-controlling interest | 326 | (1) | 325


Question: What is the weighted average incremental borrowing rate used to discount future lease payments?
Answer: 3.49%
Stock Repurchase Program
Our Board of Directors has approved a program for us to repurchase shares of our common stock. On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program totaling $24.0 billion. As of May 31, 2019, approximately $5.8 billion remained available for stock repurchases pursuant to our stock repurchase program.
Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.
The following table summarizes the stock repurchase activity for the three months ended May 31, 2019 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
Table:
 |  |  | Total Number of | Approximate Dollar
 |  |  | Shares Purchased as | Value of Shares that
 | Total Number of | Average Price | Part of Publicly | May Yet Be
 | Shares | Paid per | Announced | Purchased
(in millions, except per share amounts) | Purchased | Share | Program | Under the Program
March 1, 2019—March 31, 2019 | 58.0 | $52.93 | 58.0 | $8,780.5
April 1, 2019—April 30, 2019 | 29.1 | $54.41 | 29.1 | $7,198.4
May 1, 2019—May 31, 2019 | 24.9 | $54.11 | 24.9 | $5,848.4
Total | 112.0 | $53.57 | 112.0 | 


Question: When did Oracle announce the approval of expansions of the stock repurchase program by the Board of Directors?
Answer: On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program totaling $24.0 billion.
Non-marketable investments
Non-marketable equity securities are measured at fair value using market data, such as publicly available financing round valuations. Financial information of private companies may not be available and consequently we will estimate the fair value based on the best available information at the measurement date.
The following table presents the reconciliations of Level 3 financial instrument fair values:
There were transfers out from Level 3 due to initial public offerings of the respective investees during fiscal year 2019. There were no transfers between levels during fiscal year 2018.
Table:
 | Capped Call | Embedded exchange feature of Notes | Non-marketable investments
 |  | (U.S. $ in thousands) | 
Balance as of June 30, 2017 | $— | $— | $—
Purchases | 87,700 | (177,907) | —
Gains (losses) |  |  | 
Recognized in other non-operating (expense) income, net | 12,232 | (24,646) | 
Balance as of June 30, 2018 | 99,932 | (202,553) | —
Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2018 |  |  | 
Recognized in other non-operating income (expense), net | 12,232 | (24,646) | —
Balance as of June 30, 2018 | $99,932 | $(202,553) | $—
Purchases | — | — | 23,000
Transfer out | — | — | (20,942)
Gains (losses) |  |  | 
Recognized in finance income | — | — | 270
Recognized in other non-operating (expense) income, net | 114,665 | (648,573) | —
Recognized in other comprehensive income | — | — | 672
Balance as of June 30, 2019 | $214,597 | $(851,126) | $3,000
Change in unrealized gains (losses) relating to assets and liabilities held as of June 30, 2019 |  |  | 
Recognized in other non-operating income (expense), net | 114,665 | (648,573) | —


Question: What is the difference in balance of capped call and non-marketable investments as of June 30, 2019?
Answer: 211597
Calculation: 214,597-3,000
Foreign Currency Exchange Risk
Our foreign exchange forward contracts outstanding at fiscal year-end are summarized in U.S. dollar equivalents as follows (in millions):
At July 27, 2019 and July 28, 2018, we had no option contracts outstanding.
We conduct business globally in numerous currencies. The direct effect of foreign currency fluctuations on revenue has not been material because our revenue is primarily denominated in U.S. dollars. However, if the U.S. dollar strengthens relative to other currencies, such strengthening could have an indirect effect on our revenue to the extent it raises the cost of our products to non-U.S. customers and thereby reduces demand. A weaker U.S. dollar could have the opposite effect. However, the precise indirect effect of currency fluctuations is difficult to measure or predict because our revenue is influenced by many factors in addition to the impact of such currency fluctuations
Approximately 70% of our operating expenses are U.S.-dollar denominated. In fiscal 2019, foreign currency fluctuations, net of hedging, decreased our combined R&D, sales and marketing, and G&A expenses by approximately $233 million, or 1.3%, as compared with fiscal 2018. In fiscal 2018, foreign currency fluctuations, net of hedging, increased our combined R&D, sales and marketing, and G&A expenses by approximately $93 million, or 0.5%, as compared with fiscal 2017. To reduce variability in operating expenses and service cost of sales caused by non-U.S.-dollar denominated operating expenses and costs, we may hedge certain forecasted foreign currency transactions with currency options and forward contracts. These hedging programs are not designed to provide foreign currency protection over long time horizons. In designing a specific hedging approach, we consider several factors, including offsetting exposures, significance of exposures, costs associated with entering into a particular hedge instrument, and potential effectiveness of the hedge. The gains and losses on foreign exchange contracts mitigate the effect of currency movements on our operating expenses and service cost of sales.
We also enter into foreign exchange forward and option contracts to reduce the short-term effects of foreign currency fluctuations on receivables and payables that are denominated in currencies other than the functional currencies of the entities. The market risks associated with these foreign currency receivables, investments, and payables relate primarily to variances from our forecasted foreign currency transactions and balances. We do not enter into foreign exchange forward or option contracts for speculative purposes
Table:
 | July 27, 2019 |  | July 28, 2018 | 
 | Notional Amount | Fair Value | Notional Amount | Fair Value
Forward contracts: |  |  |  | 
Purchased | $2,239 | $14 | $1,850 | $(2)
Sold | $1,441 | $(14) | $845 | $2


Question: Which years does the table provide information for the company's foreign exchange forward contracts outstanding at fiscal year-end?
Answer: 2019, 2018
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
21. Related Party Transactions
The Group had the following balances with related parties which have been included in the consolidated statements of financial position:
Current Assets
Dividends receivable and other amounts due from related parties
On June 28, 2019, GasLog transferred to Golar its 100 shares of the common capital stock of the Cool Pool Limited (Note 1). As of December 31, 2019, the receivable balance from the Cool Pool is nil.
Table:
 | As of December 31, | 
 | 2018 | 2019
Dividends receivable from associate (Note 5) | 885 | 450
Due from The Cool Pool Limited | 32,397 | —
Other receivables | 113 | 123
Total | 33,395 | 573


Question: In which years was the dividends receivable and other amounts due from related parties recorded for?
Answer: 2018, 2019
Liquidity and Capital Resources
The following summarizes information regarding our cash, investments, and working capital (in thousands):
Cash was $169.6 million at June 30, 2019, representing an increase of $48.5 million from $121.1 million at June 30, 2018. Cash increased primarily due to cash provided by operations of $104.9 million partially offset by cash used in investing activities of $21.8 million mainly for capital expenditures, and cash used in financing activities of $34.4 million mainly as a result of repayments of debt and repurchases of stock.
Cash was $121.1 million at June 30, 2018, representing a decrease of $9.3 million from $130.5 million at June 30, 2017. Cash and cash equivalents decreased primarily due to cash used in investing activities of $132.5 million mainly for the acquisitions of the Campus Fabric and Data Center Businesses and capital expenditures, partially offset by cash provided by financing activities of $104.7 million as a result of additional borrowings for the acquisitions and cash provided by operations of $19.0 million.
Table:
 | June 30,
2019 | June 30,
2018
Cash  | $169,607 | $121,139
Marketable securities   | — | 1,459
Total cash and marketable securities | $169,607 | $122,598


Question: Which years does the table provide information for the company's cash, investments, and working capital?
Answer: 2019, 2018
Inventories.
Inventories are stated at the lower-of-cost or net realizable value. Cost is determined using the first-in, first-out method. Finished products and work-in-process inventories include direct material costs and direct and indirect manufacturing costs. The Company records reserves for inventory that may be obsolete or in excess of current and future market demand. A summary of inventories is shown below:
Table:
(Dollars in Millions) | April 27, 2019 | April 28, 2018
Finished Products | $40.2 | $15.4
Work in Process | 9.4 | 14.6
Materials | 67.1 | 54.1
Total Inventories | $116.7 | $84.1


Question: What was the change in the value of finished products from 2018 to 2019?
Answer: 24.8
Calculation: 40.2 - 15.4
Concentration of Credit Risk and Significant Customers
Financial instruments that potentially subject us to concentrations of credit risk consist of cash, cash equivalents, marketable securities and accounts receivable. Our cash, cash equivalents and marketable securities are held and invested in high-credit quality financial instruments by recognized financial institutions and are subject to minimum credit risk.
Our accounts receivable are unsecured and represent amounts due to us based on contractual obligations of our customers. We mitigate credit risk in respect to accounts receivable by performing periodic credit evaluations based on a number of factors, including past transaction experience, evaluation of credit history and review of the invoicing terms of the contract. We generally do not require our customers to provide collateral to support accounts receivable.
Significant customers, including distribution channel partners and direct customers, are those which represent 10% or more of our total revenue for each period presented or our gross accounts receivable balance as of each respective balance sheet date. Revenues from our significant customers as a percentage of our total revenue are as follows
*represents less than 10% of total revenue
As of December 31, 2019, two customers accounted for 17% and 12% of our total gross accounts receivable.
As of December 31, 2018, two customers accounted for 16% and 12% of our total gross accounts receivable
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Customer A (a distribution channel partner) | * | 14% | *
Customer B (a distribution channel partner) | 12% | 10% | *
Customer C (a distribution channel partner) | 14% | * | *


Question: What is the company's total revenue earned from Customer A and B between 2018 and 2019?
Answer: 36
Calculation: 14 + 12+10
a) Vessels Under Construction and Upgrades
Teekay LNG's share of commitments to fund newbuilding and other construction contract costs as at December 31, 2019 are as follows:
(i) In June 2019, Teekay LNG entered into an agreement with a contractor to supply equipment on certain of its LNG carriers in 2021 and 2022, for an estimated installed cost of approximately $60.6 million. As at December 31, 2019, the estimated remaining cost of this installation is $49.7 million.
(ii) Teekay LNG has a 30% ownership interest in the Bahrain LNG Joint Venture which has an LNG receiving and regasification terminal in Bahrain. The Bahrain LNG Joint Venture has secured undrawn debt financing of $34 million, of which $10 million relates to Teekay LNG's proportionate share of the commitments included in the table above.
Table:
 | Total | 2020 | 2021 | 2022
 | $ | $ | $ | $
Consolidated LNG carriers (i) | 49,652 | 11,979 | 22,382 | 15,291
Bahrain LNG Joint Venture (ii) | 11,351 | 11,351 | — | —
 | 61,003 | 23,330 | 22,382 | 15,291


Question: What agreement did Teekay LNG entered in June 2019?
Answer: In June 2019, Teekay LNG entered into an agreement with a contractor to supply equipment on certain of its LNG carriers in 2021 and 2022
volume declines in cement , some agricultural products , and newsprint shipments partially offset the increases . operating expenses millions of dollars 2008 2007 2006 % (  % ) change 2008 v 2007 % (  % ) change 2007 v 2006 .

Table:
millions of dollars | 2008 | 2007 | 2006 | % (  % ) change 2008 v 2007 | % (  % ) change 2007 v 2006
compensation and benefits | $ 4457 | $ 4526 | $ 4535 | ( 2 ) % (  % ) | -% ( - % )
fuel | 3983 | 3104 | 2968 | 28 | 5
purchased services and materials | 1902 | 1856 | 1756 | 2 | 6
depreciation | 1387 | 1321 | 1237 | 5 | 7
equipment and other rents | 1326 | 1368 | 1396 | -3 ( 3 ) | -2 ( 2 )
other | 840 | 733 | 802 | 15 | -9 ( 9 )
total | $ 13895 | $ 12908 | $ 12694 | 8 % (  % ) | 2% ( 2 % )
operating expenses increased $ 987 million in 2008 .
our fuel price per gallon rose 39% ( 39 % ) during the year , increasing operating expenses by $ 1.1 billion compared to 2007 .
wage , benefit , and materials inflation , higher depreciation , and costs associated with the january cascade mudslide and hurricanes gustav and ike also increased expenses during the year .
cost savings from productivity improvements , better resource utilization , and lower volume helped offset these increases .
operating expenses increased $ 214 million in 2007 versus 2006 .
higher fuel prices , which rose 9% ( 9 % ) during the period , increased operating expenses by $ 242 million .
wage , benefit and materials inflation and higher depreciation expense also increased expenses during the year .
productivity improvements , better resource utilization , and a lower fuel consumption rate helped offset these increases .
compensation and benefits 2013 compensation and benefits include wages , payroll taxes , health and welfare costs , pension costs , other postretirement benefits , and incentive costs .
productivity initiatives in all areas , combined with lower volume , led to a 4% ( 4 % ) decline in our workforce for 2008 , saving $ 227 million compared to 2007 .
conversely , general wage and benefit inflation and higher pension and postretirement benefits increased expenses in 2008 , partially offsetting these reductions .
operational improvements and lower volume levels in 2007 led to a 1% ( 1 % ) decline in our workforce , saving $ 79 million in 2007 compared to 2006 .
a smaller workforce and less need for new train personnel reduced training costs during the year , which contributed to the improvement .
general wage and benefit inflation mostly offset the reductions , reflecting higher salaries and wages and the impact of higher healthcare and other benefit costs .
fuel 2013 fuel includes locomotive fuel and gasoline for highway and non-highway vehicles and heavy equipment .
diesel fuel prices , which averaged $ 3.15 per gallon ( including taxes and transportation costs ) in 2008 compared to $ 2.27 per gallon in 2007 , increased expenses by $ 1.1 billion .
a 4% ( 4 % ) improvement in our fuel consumption rate resulted in $ 136 million of cost savings due to the use of newer , more fuel 2008 operating expenses .

Question: what percent of total operating expenses was fuel in 2007?
Answer: 24%
Calculation: divide(3104, 12908)
3.6 Provisions
Recognition, measurement and classification
Employee benefits – annual and long service leave
The Group recognises a liability for long service leave and annual leave measured as the present value of expected future payments to be made in respect of services provided by employees up to the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures, and periods of service. Expected future payments are discounted using market yields at the reporting date on corporate bond rates with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows.
The Group does not expect its long service leave or annual leave benefits to be settled wholly within 12 months of the reporting date.
Annual and long service leave are classified as current where there is a current obligation to pay the employee shall they leave the Group.
Clawback provisions
Upfront fees received from certain insurance funds, broadband providers and mortgage brokers can be clawed back in the event of early termination of membership. They vary across the industries and are usually triggered where a referred member terminates their policy. Each relevant Product Provider has an individual agreement and the clawback period ranges between 0 and 24 months, depending on the agreement.
Key estimates - Employee benefits
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the reporting date using the discounted cash flow methodology. The risks specific to the provision are factored into the cash flows and as such a corporate bond rate relative to the expected life of the provision is used as a discount rate. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects the time value of money and the risks specific to the liability. The increase in the provision resulting from the passage of time is recognised as interest expense.
Key estimates - Clawback provisions
The Group provides for this liability based upon historic average rates of attrition and recognises revenue net of these clawback amounts.
Table:
 | CONSOLIDATED | 
 | 2019 $’000 | 2018 $’000
Current |  | 
Annual leave | 2,349 | 2,233
Long service leave | 830 | 781
Clawback | 2,715 | 2,463
Rebates | 241 | 224
 | 6,135 | 5,701
Non-Current |  | 
Long service leave | 418 | 343
 | 418 | 343


Question: What is the percentage change in the annual leave provisions from 2018 to 2019?
Answer: 5.19
Calculation: (2,349-2,233)/2,233
Additional sources of cash available to us were international currency lines of credit and bank credit facilities totaling $26.0 million as of September 28, 2019, of which $20.8 million was unused and available. These unsecured international credit facilities were used in Europe and Japan during fiscal 2018. As of September 28, 2019, we had utilized $5.2 million of the international credit facilities as guarantees in Europe.
Our ratio of current assets to current liabilities increased to 4.6:1 at September 28, 2019 compared to 3.3:1 at September 29, 2018. The increase in our ratio was primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories. Our cash and cash equivalents, short-term investments and working capital are as follows (in thousands):
Table:
 | Fiscal | 
 | 2019 | 2018
Cash and cash equivalents | $305,833 | $310,495
Short-term investments | 120 | 120
Working capital | 854,507 | 865,664


Question: What was the change in Short-term investments in 2019 from 2018?
Answer: 0
Calculation: 120-120