hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Investments
As of June 30, 2019, the Group’s investments consisted of the following:
As of June 30, 2019, the Group had $445.0 million of investments which were classified as short-term investments on the Group’s consolidated statements of financial position. Additionally, the Group had marketable equity securities totaling $58.9 million, non-marketable equity securities totaling $3.0 million, and certificates of deposit and time deposits totaling $3.7 million which were classified as long-term and were included in other non-current assets on the Group’s consolidated statements of financial position.
Table:
 | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value
 |  | (U.S. $ in thousands) |  | 
Debt Investments |  |  |  | 
Marketable debt securities |  |  |  | 
U.S. treasury securities | $101,563 | $203 | $(7) | 101,759
Agency securities | 26,936 | 33 | (3) | 26,966
Certificates of deposit and time deposits | 24,126 | — | — | 24,126
Commercial paper | 94,035 | — | — | 94,035
Corporate debt securities | 201,552 | 292 | (24) | 201,820
Total debt investments | 448,212 | 528 | (34) | 448,706
Equity Investments |  |  |  | 
Marketable equity securities | 20,270 | 38,662 | — | 58,932
Non-marketable equity securities | 3,000 | — | — | 3,000
Total equity investments | 23,270 | 38,662 | — | 61,932
Total investments | $471,482 | $39,190 | $(34) | $510,638


Question: What is the difference in the total debt investments and the total equity investments, based on amortized cost?
Answer: 424942
Calculation: 448,212-23,270
EBITDA: TORM defines EBITDA as earnings before financial income and expenses, depreciation, impairment, amortization and taxes. The computation of EBITDA refers to financial income and expenses which the Company deems to be equivalent to “interest” for purposes of presenting EBITDA. Financial expenses consist of interest on borrowings, losses on foreign exchange transactions and bank charges. Financial income consists of interest income and gains on foreign exchange transactions.
EBITDA is used as a supplemental financial measure by Management and external users of financial statements, such as lenders, to assess TORM's operating performance as well as compliance with the financial covenants and restrictions contained in the Company's financing agreements. TORM believes that EBITDA assists Management and investors by increasing comparability of the Company's performance from period to period. This increased comparability is achieved by excluding the potentially disparate effects of interest, depreciation, impairment, amortization and taxes. These are items that could be affected by various changing financing methods and capital structure and which may significantly affect profit/(loss) between periods. Including EBITDA as a measure benefits investors in selecting between investment alternatives.
EBITDA excludes some, but not all, items that affect profit/(loss), and these measures may vary among other companies and not be directly comparable. The following table reconciles EBITDA to net profit/ (loss), the most directly comparable IFRS financial measure, for the periods presented:
Table:
USDm | 2019 | 2018 | 2017
Reconciliation to net profit/(loss) |  |  | 
Net profit/(loss) for the year | 166.0 | -34.8 | 2.4
Tax | 0.8 | 1.6 | 0.8
Financial expenses | 41.9 | 39.3 | 40.6
Financial income | -2.8 | -3.3 | -4.3
Depreciation | 110.1 | 114.5 | 114.5
Impairment (reversal)/losses on tangible assets | -114.0 | 3.2 | 3.6
EBITDA | 202.0 | 120.5 | 157.6


Question: What was the change in EBITDA in 2019 from 2018?
Answer: 81.5
Calculation: 202.0-120.5
Employee Share Ownership Plan
UK employees are eligible to participate in the Employee Share Ownership Plan (ESOP). The aim of the ESOP is to encourage increased shareholding in the Company by all UK employees and so there are no performance conditions. Employees are invited to join the ESOP when an offer is made each year. Individuals save for 12 months during the accumulation period and subscribe for shares at the lower of the price at the beginning and the end of the accumulation period under HMRC rules. The Company provides a matching share for each share purchased by the individual.
Shares issued under the ESOP have been measured using the Present Economic Value (PEV) valuation methodology. The relevant disclosures in respect of the Employee Share Ownership Plans are set out below.
The accumulation period for the 2019 ESOP ends in September 2020, therefore some figures are projections.
Table:
 | 2015 Grant | 2016 Grant | 2017 Grant | 2018 Grant | 2019 Grant
Grant date | 1st October | 1st October | 1st October | 1st October | 1st October
Exercise price | 2,797.0p | 4,477.3p | 5,496.7p | 7,240.0p | 7,835.0p
Number of employees | 1,038 | 1,040 | 1,229 | 1,294 | 1,318
Shares under scheme | 34,449 | 22,173 | 22,411 | 16,687 | 16,820
Vesting period | 3 years | 3 years | 3 years | 3 years | 3 years
Expected volatility | 21% | 21% | 21% | 19% | 21%
Risk free interest rate | 0.4% | 0.1% | 0.4% | 0.8% | 0.5%
Expected dividend yield | 2.5% | 2.5% | 2.3% | 2.0% | 1.8%
Fair value | 2,931.3p | 4,696.7p | 5,799.0p | 7,623.7p | 8,305.1p


Question: What was the percentage change in the number of employees in 2019 from 2018?
Answer: 1.85
Calculation: (1,318-1,294)/1,294
Fees Paid to the Independent Registered Public Accounting Firm
The following table presents fees for professional audit services and other services rendered to our company by KPMG for our fiscal years ended December 31, 2017 and 2018.
(1) Audit Fees consist of professional services rendered in connection with the audit of our annual consolidated financial statements, including audited financial statements presented in our Annual Report on Form 10-K for the fiscal years ended December 31, 2017 and 2018 and services that are normally provided by the independent registered public accountants in connection with statutory and regulatory filings or engagements for those fiscal years.
(2) Audit-Related Fees consist of fees for professional services for assurance and related
services that are reasonably related to the performance of the audit or review of our consolidated financial statements and are not reported under “Audit Fees.” These services could include accounting consultations concerning financial accounting and reporting standards, due diligence procedures in connection with acquisition and procedures related to other attestation services.
(3) Tax Fees consist of fees for professional services for tax compliance, tax advice and tax planning. These services include consultation on tax matters and assistance regarding federal, state and international tax compliance.
(4) All Other Fees consist of license fees for the use of accounting research software.
Table:
 | 2017 | 2018
 | (In Thousands) | (In Thousands)
Audit Fees (1) | $3,747 | $4,476
Audit-Related Fees (2) | — | —
Tax Fees (3) | — | —
All Other Fees (4) | $3 | $3
Total Fees | $3,750 | $4,479


Question: Which firm does the company hire for professional audit services and other services?
Answer: KPMG
2019 vs 2018
Net revenue in Connected Home segment decreased for the year ended December 31, 2019 compared to the prior year. Net revenue from service provider customers fell $27.8 million compared with the prior year. In addition, the North American home WiFi market contracted in fiscal 2019 affecting net revenue from non-service provider customers. The lower revenue was primarily due to declined net revenue of our home wireless, mobile and broadband modem and gateway products. Within home wireless, we experienced declines in net revenue from AC router products, WiFi mesh systems and extenders, partially offset by net revenue generated from the introduction of WiFi 6 routers. On a geographic basis, we experience net revenue declines across all three regions.
Contribution income decreased for the year ended December 31, 2019 compared to the prior year, primarily due to lower net revenue and lower gross margin attainment. Contribution margin decreased for the year ended December 31, 2019 compare to the prior year primarily due to higher product acquisition costs resulting from the burden of Section 301 tariffs and inefficiencies associated with commencing manufacturing in new locations, increased channel promotion activities and foreign exchange headwinds due to the strengthening of the U.S. dollar.
2018 vs 2017
2018 vs 2017 Connected Home segment net revenue increased for the year ended December 31, 2018 compared to the prior year. The increase in Connected Home net revenue was primarily due to home wireless and broadband modem and modem gateway products, partially offset by decreased net revenue from mobile products. The growth in home wireless was experienced across both service provider and non-service provider channels, while the increase in broadband and gateway related solely to non-service provider customers. In total, net revenue from service provider customers fell $33.5 million compared to the prior year period. Geographically, net revenue increased in Americas and EMEA, but decreased in APAC.
Contribution income increased for the year ended December 31, 2018 compared to the prior year, primarily due to higher net revenue and gross margin attainment, mainly due to favorable product mix and lower warranty expense, partially offset by higher operating expenses as a proportion of net revenue.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | % Change | 2018 | % Change | 2017
 |  |  | (in thousands, except percentage data) |  | 
Net revenue | $711,391 | (7.7)% | $771,060 | 0.4% | $768,261
Percentage of net revenue | 71.2% |  | 72.8% |  | 73.9%
Contribution income | $67,775 | (29.7)% | $96,340 | 14.9% | $83,870
Contribution margin | 9.5% |  | 12.5% |  | 10.9%


Question: What accounts for the increase in net revenue in 2018?
Answer: Due to home wireless and broadband modem and modem gateway products, partially offset by decreased net revenue from mobile products.
3.2 Capital risk management
The Group’s objectives on managing capital are to safeguard the Group’s ability to continue as a going concern and support the sustainable growth of the Group in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to enhance shareholders’ value in the long term.
Capital refers to equity and external debts (including borrowings and notes payable). In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, repurchase the Company’s shares or raise/repay debts.
The Group monitors capital by regularly reviewing debts to adjusted earnings before interest, tax, depreciation and amortisation (“EBITDA”) (Note) ratio, being the measure of the Group’s ability to pay off all debts that reflects financial health and liquidity position. The total debts/adjusted EBITDA ratio calculated by dividing the total debts by adjusted EBITDA is as follows:
Note: Adjusted EBITDA represents operating profit less interest income and other gains/(losses), net, and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, amortisation of intangible assets and equitysettled share-based compensation expenses.
Table:
 | As at 31 December | 
 | 2019 | 2018
 | RMB’Million | RMB’Million
Borrowings (Note 35) | 126,952 | 114,271
Notes payable (Note 36) | 93,861 | 65,018
Total debts | 220,813 | 179,289
Adjusted EBITDA (Note) | 147,395 | 118,273
Total debts/Adjusted EBITDA ratio | 1.50 | 1.52


Question: How much did the Adjusted EBITDA change  from 2018 year end to 2019 year end?
Answer: 29122
Calculation: 147,395-118,273
15. Product Warranties
The Company generally provides its customers with a one-year warranty regarding the manufactured quality and functionality of its products. For some limited products, the warranty period has been extended. The Company establishes warranty reserves based on its product history, current information on repair costs and annual sales levels. As of April 30, 2019, and 2018, respectively, changes in the carrying amount of accrued product warranty costs, reported in accrued expenses on the consolidated balance sheet, were as follows (in thousands):
Table:
 | 2019 | 2018
Balance at beginning of year | $520 | $557
Warranty costs incurred | (398) | (40)
Product warranty accrual | 407 | 3
Balance at end of year | $529 | $520


Question: What is the change in beginning balance between 2018 and 2019?
Answer: -37
Calculation: 520-557
entergy louisiana , llc management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges ( credits ) . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) .

Table:
 | amount ( in millions )
2006 net revenue | $ 942.1
base revenues | 78.4
volume/weather | 37.5
transmission revenue | 9.2
purchased power capacity | -80.0 ( 80.0 )
other | 3.9
2007 net revenue | $ 991.1
the base revenues variance is primarily due to increases effective september 2006 for the 2005 formula rate plan filing to recover lpsc-approved incremental deferred and ongoing capacity costs .
see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing .
the volume/weather variance is due to increased electricity usage , including electricity sales during the unbilled service period .
billed retail electricity usage increased a total of 666 gwh in all sectors compared to 2006 .
see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues .
the transmission revenue variance is primarily due to higher rates .
the purchased power capacity variance is primarily due to higher purchased power capacity charges and the amortization of capacity charges effective september 2006 as a result of the formula rate plan filing in may 2006 .
a portion of the purchased power capacity costs is offset in base revenues due to a base rate increase implemented to recover incremental deferred and ongoing purchased power capacity charges , as mentioned above .
see "state and local rate regulation" below and note 2 to the financial statements for a discussion of the formula rate plan filing .
gross operating revenues , fuel , purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to : an increase of $ 143.1 million in fuel cost recovery revenues due to higher fuel rates and usage ; an increase of $ 78.4 million in base revenues , as discussed above ; and an increase of $ 37.5 million related to volume/weather , as discussed above .
fuel and purchased power expenses increased primarily due to an increase in net area demand and an increase in deferred fuel expense as a result of higher fuel rates , as discussed above .
other regulatory credits decreased primarily due to the deferral of capacity charges in 2006 in addition to the amortization of these capacity charges in 2007 as a result of the may 2006 formula rate plan filing ( for the 2005 test year ) with the lpsc to recover such costs through base rates effective september 2006 .
see note 2 to the financial statements for a discussion of the formula rate plan and storm cost recovery filings with the lpsc. .

Question: what is the net change in net revenue during 2007?
Answer: 49
Calculation: subtract(991.1, 942.1)
Selected Quarterly Financial Data (Unaudited)
Selected quarterly financial data is as follows (in millions, except per share amounts):
(1) In the quarter ended January 26, 2018, our provision for income taxes included significant charges attributable to United States tax reform.
(2) The quarters of fiscal 2018 have been adjusted for our retrospective adoption of the new accounting standard Revenue from Contracts with Customers (ASC 606).
Table:
 |  |  | Quarter Ended (2) | 
 | July 28, 2017 | October 27, 2017 | January 26, 2018 | April 27, 2018
Net revenues | $ 1,321 | $ 1,415 | $ 1,539 | $ 1,644
Gross profit | $ 824 | $ 900 | $ 956 | $ 1,029
Provision for income taxes (1) | $ 14 | $ 48 | $ 983 | $ 38
Net income (loss) | $ 131 | $ 174 | $(479 ) | $ 290
Net income (loss) per share, basic | $ 0.49 | $ 0.65 | $(1.79 ) | $ 1.09
Net income (loss) per share, diluted | $ 0.47 | $ 0.63 | $(1.79 ) | $ 1.06


Question: What was the change in the gross profit between the quarters of January 26 and April 27, 2018?
Answer: 73
Calculation: 1,029-956
Net Sales
The following table presents our net sales and the percentage of total net sales by segment:
Table:
 |  | Fiscal |  | 
 | 2019 |  | 2018 | 
 |  | ($ in millions) |  | 
Transportation Solutions | $  7,821 | 58 % | $ 8,290 | 59 %
Industrial Solutions | 3,954 | 30 | 3,856 | 28
Communications Solutions | 1,673 | 12 | 1,842 | 13
Total | $ 13,448 | 100 % | $ 13,988 | 100 %


Question: In which year was Industrial Solutions larger?
Answer: 2019
Calculation: 3,954>3,856
item 1b . unresolved staff comments item 2 . properties we employ a variety of assets in the management and operation of our rail business . our rail network covers 23 states in the western two-thirds of the u.s . our rail network includes 32084 route miles . we own 26064 miles and operate on the remainder pursuant to trackage rights or leases . the following table describes track miles at december 31 , 2015 and 2014. .

Table:
 | 2015 | 2014
route | 32084 | 31974
other main line | 7012 | 6943
passing lines and turnouts | 3235 | 3197
switching and classification yard lines | 9108 | 9058
total miles | 51439 | 51172
headquarters building we own our headquarters building in omaha , nebraska .
the facility has 1.2 million square feet of space for approximately 4000 employees. .

Question: what percentage of total miles were other main line in 2014?
Answer: 14%
Calculation: divide(6943, 51172)
5 . commitments and contingencies rental expense related to office , warehouse space and real estate amounted to $ 608 , $ 324 , and $ 281 for the years ended december 25 , 2004 , december 27 , 2003 , and december 28 , 2002 , respectively . future minimum lease payments are as follows : at december 25 , 2004 , the company expects future costs of approximately $ 900 for the completion of its facility expansion in olathe , kansas . certain cash balances of gel are held as collateral by a bank securing payment of the united kingdom value-added tax requirements . these amounted to $ 1457 and $ 1602 at december 25 , 2004 and december 27 , 2003 , respectively , and are reported as restricted cash . in the normal course of business , the company and its subsidiaries are parties to various legal claims , actions , and complaints , including matters involving patent infringement and other intellectual property claims and various other risks . it is not possible to predict with certainty whether or not the company and its subsidiaries will ultimately be successful in any of these legal matters , or if not , what the impact might be . however , the company 2019s management does not expect that the results in any of these legal proceedings will have a material adverse effect on the company 2019s results of operations , financial position or cash flows . 6 . employee benefit plans gii sponsors an employee retirement plan under which its employees may contribute up to 50% ( 50 % ) of their annual compensation subject to internal revenue code maximum limitations and to which gii contributes a specified percentage of each participant 2019s annual compensation up to certain limits as defined in the plan . additionally , gel has a defined contribution plan under which its employees may contribute up to 5% ( 5 % ) of their annual compensation . both gii and gel contribute an amount determined annually at the discretion of the board of directors . during the years ended december 25 , 2004 , december 27 , 2003 , and december 28 , 2002 , expense related to these plans of $ 5183 , $ 4197 , and $ 2728 , respectively , was charged to operations . certain of the company 2019s foreign subsidiaries participate in local defined benefit pension plans . contributions are calculated by formulas that consider final pensionable salaries . neither obligations nor contributions for the years ended december 25 , 2004 , december 27 , 2003 , and december 28 , 2002 were significant. .

Table:
year | amount
2005 | $ 512
2006 | 493
2007 | 493
2008 | 474
2009 | 474
thereafter | 3452
.

Question: what is the percentual increase expense related to these plans during 2002 and 2003?
Answer: 53.84%
Calculation: divide(4197, 2728), subtract(#0, const_1)
During the year ended 31 December 2019, the Company repurchased 3,486,700 shares on the Stock Exchange for an aggregate consideration of approximately HKD1.16 billion before expenses. The repurchased shares were subsequently cancelled. The repurchase was effected by the Board for the enhancement of shareholder value in the long term. Details of the shares repurchased are as follows:
Save as disclosed above and in Note 32 to the consolidated financial statements, neither the Company nor any of its subsidiaries has purchased, sold or redeemed any of the Company’s shares during the year ended 31 December 2019.
Table:
 | Purchase consideration per share |  |  | 
 |  |  |  | Aggregate
 | No. of shares | Highest | Lowest | consideration
Month of purchase in 2019 | purchased | price paid | price paid | paid
 |  | HKD | HKD | HKD
August | 362,200 | 327.00 | 312.40 | 116,330,916
September | 2,294,500 | 351.00 | 323.60 | 776,104,729
October | 830,000 | 327.80 | 317.40 | 268,272,462
Total: | 3,486,700 |  |  | 1,160,708,107


Question: How many shares did the Company repurchase during the year ended 31 December 2019?
Answer: 3,486,700
Restricted Stock Units
The following table summarizes RSU activity in the fiscal years ended September 30, 2019, 2018, and 2017:
The cost of RSUs is determined using the fair value of the Company’s Common Stock on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $6.8 million, $5.9 million, and $4.0 million in stock-based compensation expense related to outstanding RSUs in the fiscal years ended September 30, 2019, 2018, and 2017, respectively. As of September 30, 2019, the Company had approximately $12.2 million of unrecognized compensation expense related to outstanding RSUs expected to be recognized over a weighted-average period of approximately 2.3 years.
Table:
 | Number of Shares | Fair Value Per Share
Outstanding at September 30, 2016 | 2,046,169 | $4.90
Granted | 1,249,224 | $6.61
Settled | (707,174) | $4.81
Canceled | (231,198) | $4.93
Outstanding at September 30, 2017 | 2,357,021 | $5.65
Granted | 1,184,906 | $8.54
Settled | (745,197) | $5.26
Canceled | (216,554) | $7.39
Outstanding at September 30, 2018 | 2,580,176 | $6.92
Granted | 1,147,976 | $9.67
Settled | (881,420) | $6.53
Canceled | (494,245) | $7.70
Outstanding at September 30, 2019 | 2,352,487 | 8.26


Question: What is the proportion of RSUs that were settled or canceled between 2017 and 2018 over RSUs outstanding on September 30, 2017?
Answer: 0.41
Calculation: (745,197+216,554)/2,357,021