hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Allocation of Goodwill to Reporting Segment
The following table shows our goodwill balances by reportable segment:
As noted above, it was determined under a quantitative assessment that there was no impairment of goodwill. However, if we become aware of indicators of impairment in future periods, we may be required to perform an interim assessment for some or all of our reporting units before the next annual assessment. Examples of such indicators may include a decrease in expected net earnings, adverse equity market conditions, a decline in current market multiples, a decline in our common stock price, a significant adverse change in legal factors or business climates, an adverse action or assessment by a regulator, unanticipated competition, strategic decisions made in response to economic or competitive conditions, or a more likely than not expectation that a reporting unit or a significant portion of a reporting unit will be sold or disposed of. In the event of significant adverse changes of the nature described above, we may have to recognize a non-cash impairment of goodwill, which could have a material adverse effect on our consolidated financial condition and results of operations.
Table:
(In millions) | Food Care | Product Care | Total
Gross Carrying Value at December 31, 2017 | $ 576.5 | $ 1,554.1 | $ 2,130.6
Accumulated impairment | (49.6 ) | (141.2) | (190.8)
Carrying Value at December 31, 2017 | $ 526.9 | $ 1,412.9 | $ 1,939.8
Acquisition, purchase price and other adjustments | (0.6 ) | 18.2 | 17.6
Currency translation | (6.6 ) | (3.2) | (9.8)
Gross Carrying Value at December 31, 2018 | $ 568.9 | $ 1,568.9 | $ 2,137.8
Accumulated impairment | (49.2 ) | (141.0) | (190.2)
Carrying Value at December 31, 2018 | $ 519.7 | $ 1,427.9 | $ 1,947.6
Acquisition, purchase price and other adjustments | 6.3 | 257.0 | 263.3
Currency translation | 2.0 | 4.1 | 6.1
Gross Carrying Value at December 31, 2019 | $ 577.2 | $ 1,830.0 | $ 2,407.2
Accumulated impairment | (49.3 ) | (141.0) | (190.3)
Carrying Value at December 31, 2019 | $ 527.9 | $ 1,689.0 | $ 2,216.9


Question: What is the Average total Carrying Value for years 2017-2019?
Answer: 2034.77
Calculation: (2,216.9+1,947.6+1,939.8)/3
Financial review
2019 was a challenging year for the retail property sector with the ongoing structural changes and low consumer confidence impacting some weaker retailers and leading to a higher level of CVAs and administrations. This impacted our revenue, net rental income and property valuations, with like-for-like net rental income down 9.1 per cent and the property revaluation deficit was £1,979.7 million.
Fixing the balance sheet is our top strategic priority and although the notes accompanying these financial statements indicate a material uncertainty in relation to intu’s ability to continue as a going concern we have options including alternative capital structures and further disposals to put us on a stronger financial footing.
1 A reconciliation from the IFRS consolidated income statement to the underlying earnings amounts presented above is provided in presentation of information on page 161.
2 Other underlying amounts includes net other income, share of underlying profit in associates and any underlying amounts attributable to non-controlling interests.
3 Other non-underlying amounts includes losses on disposal of subsidiaries, gains on sale of investment and development property, write-down on recognition of joint ventures and other assets classified as held for sale, impairment of goodwill, impairment of investment in associates, impairment of loan to associate, exceptional administration expenses, exceptional tax, and any non-underlying amounts attributable to non-controlling interests.
The IFRS loss for the year attributable to owners of intu properties plc increased by £818.7 million to £1,950.9 million, with the IFRS basic loss per share increasing by 60.8 pence. Underlying earnings decreased by £65.9 million to £127.2 million, with a corresponding reduction in underlying EPS of 4.9 pence. The key drivers of these variances are discussed below.
Table:
£m | Notes | 2019 | 2018 | Change
Net rental income | A | 401.6 | 450.5 | (48.9)
Administration expenses | B | (40.5) | (44.0) | 3.5
Net finance costs | C | (224.6) | (220.4) | (4.2)
Tax on underlying profit | D | (17.6) | (0.7) | (16.9)
Other underlying amounts2 |  | 8.3 | 7.7 | 0.6
Underlying earnings1 |  | 127.2 | 193.1 | (65.9)
Revaluation of investment and development property | E | (1,979.7) | (1,405.0) | (574.7)
Change in fair value of financial
instruments | F | (75.3) | 86.3 | (161.6)
Other finance charges – exceptional | G | (37.7) | (28.4) | (9.3)
Other non-underlying amounts3 |  | 14.6 | 21.8 | (7.2)
IFRS loss for the year attributable
to owners of intu properties plc1 |  | (1,950.9) | (1,132.2) | (818.7)
IFRS basic loss per share (pence) |  | (145.1)p | (84.3)p | (60.8)p
Underlying EPS (pence) |  | 9.5p | 14.4p | (4.9)p


Question: What is the percentage change in the administration expenses from 2018 to 2019?
Answer: 7.95
Calculation: 3.5/44.0
Accumulated Other Comprehensive Income
The table below details where reclassifications of realized transactions out of AOCI are recorded on the consolidated statements of income (amounts in millions).
Table:
 |  | Year ended March 31, |  | 
Description of AOCI Component | 2019 | 2018 | 2017 | Related Statement of Income Line
Unrealized losses on available-for-sale securities | $(5.6) | $(15.2) | $(1.5) | Other income, net
Amortization of actuarial loss | (1.0) | (0.8) | — | Other income, net
Reclassification of realized transactions, net of taxes | $(6.6) | $(16.0) | $(1.5) | Net Income


Question: What was the Amortization of actuarial loss in 2019?
Answer: (1.0)
1. NATURE OF BUSINESS
Nordic American Tankers Limited (“NAT”) was formed on June 12, 1995 under the laws of the Islands of Bermuda. The Company’s shares trade under the symbol “NAT” on the New York Stock Exchange. The Company was formed for the purpose of acquiring and chartering out double-hull tankers.
The Company is an international tanker company that currently has a fleet of 23 Suezmax tankers. The Company has not disposed of or acquired new vessels in 2019. The 23 vessels the Company operated per December 31, 2019, average approximately 156,000 dwt each. In 2019, 2018 and 2017, the Company chartered out its operating vessels primarily in the spot market.
The Company’s Fleet
The Company’s current fleet consists of 23 Suezmax crude oil tankers of which the vast majority have been built in Korea.
Table:
Vessel | Built in | Deadweight Tons | Delivered to NAT in
Nordic Freedom | 2005 | 159,331 | 2005
Nordic Moon | 2002 | 160,305 | 2006
Nordic Apollo | 2003 | 159,998 | 2006
Nordic Cosmos | 2003 | 159,999 | 2006
Nordic Grace | 2002 | 149,921 | 2009
Nordic Mistral | 2002 | 164,236 | 2009
Nordic Passat | 2002 | 164,274 | 2010
Nordic Vega | 2010 | 163,940 | 2010
Nordic Breeze | 2011 | 158,597 | 2011
Nordic Zenith | 2011 | 158,645 | 2011
Nordic Sprinter | 2005 | 159,089 | 2014
Nordic Skier | 2005 | 159,089 | 2014
Nordic Light | 2010 | 158,475 | 2015
Nordic Cross | 2010 | 158,475 | 2015
Nordic Luna | 2004 | 150,037 | 2016
Nordic Castor | 2004 | 150,249 | 2016
Nordic Sirius | 2000 | 150,183 | 2016
Nordic Pollux | 2003 | 150,103 | 2016
Nordic Star | 2016 | 159,000 | 2016
Nordic Space | 2017 | 159,000 | 2017
Nordic Tellus | 2018 | 157,000 | 2018
Nordic Aquarius | 2018 | 157,000 | 2018
Nordic Cygnus | 2018 | 157,000 | 2018


Question: What are the respective years that Nordic Apollo is built and delivered to NAT?
Answer: 2003, 2006
Debt
Our funding requirements are continually monitored and we execute our strategies to manage the overall asset and liability profile. Additionally, we maintain sufficient flexibility to access global funding sources as needed.
Total debt of $62,899 million increased $17,087 million from December 31, 2018, driven by issuances of $32,415 million; partially offset by debt maturities of $12,673 million and a decrease in commercial paper of $2,691 million.
Non-Global Financing debt of $38,173 million increased $23,587 million from prior year-end levels primarily driven by issuances to fund the Red Hat acquisition.
Global Financing debt of $24,727 million decreased $6,500 million from December 31, 2018, primarily due to the wind down of OEM IT commercial financing operations.
Global Financing provides financing predominantly for IBM’s external client assets, as well as for assets under contract by other IBM units. These assets, primarily for GTS, generate long-term, stable revenue streams similar to the Global Financing asset portfolio. Based on their attributes, these GTS assets are leveraged with the balance of the Global Financing asset base.
The debt used to fund Global Financing assets is composed of intercompany loans and external debt. Total debt changes generally correspond with the level of client and commercial financing receivables, the level of cash and cash equivalents, the change in intercompany and external payables and the change in intercompany investment from IBM. The terms of the intercompany loans are set by the company to substantially match the term, currency and interest rate variability underlying the financing receivable and are based on arm’s-length pricing. The Global Financing debt-to-equity ratio remained at 9 to 1 at December 31, 2019.
As previously stated, we measure Global Financing as a stand-alone entity, and accordingly, interest expense relating to debt supporting Global Financing’s external client and internal business is included in the “Global Financing Results of Operations” and in note D, “Segments.” In the Consolidated Income Statement, the external debt-related interest expense supporting Global Financing’s internal financing to IBM is reclassified from cost of financing to interest expense.
Table:
($ in millions) |  | 
At December 31: | 2019 | 2018
Total company debt | $62,899 | $45,812
Total Global Financing segment debt | $24,727 | $31,227
Debt to support external clients | 21,487 | 27,536
Debt to support internal clients | 3,239 | 3,690
Non-Global Financing debt | 38,173 | 14,585


Question: What was the increase in the Global Financing debt from 2018?
Answer: $6,500 million
15. Revenue from Contracts with Customers
Impact of Adopting Topic 606
The Company adopted Topic 606 at the beginning of fiscal 2019 using the modified retrospective method. The new standard resulted in a change to the timing of revenue recognition for a significant portion of the Company's revenue, whereby revenue is recognized over time, as products are produced, as opposed to at a point in time based upon shipping terms. As a result of the adoption of Topic 606, the following adjustments were made to the opening balances of the Company's Consolidated Balance Sheets (in thousands):
The cumulative effect of applying the new guidance in Topic 606 resulted in the Company increasing its fiscal 2019 opening Retained earnings balance by$ 7.8 million due to certain customer contracts requiring revenue recognition over time. Contract assets in the amount of$ 76.4 million were recognized due to the recognition of revenue on an over time basis for some customers rather than at a specific point in time. Inventory declined $69.0 million primarily due to earlier recognition of costs related to the contracts for which revenue was recognized on an over time basis. The decline in other accrued liabilities is primarily due to the reclassification of deferred revenue to contract assets for prepayments associated with revenue recognized over time, partially offset by an increase in taxes payable associated with the increase in revenue recognized over time.
Table:
 | Balance at September 29, 2018  | Impacts due to adoption of Topic
606 | Balance at September 30, 2018
ASSETS |  |  | 
   Contract assets | $— | $76,417 | $76,417
   Inventories | 794,346 | (68,959) | 725,387
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  | 
   Other accrued liabilities | $68,163 | $(357) | $67,806
   Retained earnings | 1,062,246 | 7,815 | 1,070,061


Question: How did the company adopt Topic 606 at the beginning of Fiscal 2019?
Answer: using the modified retrospective method
Interest rate swaps
The Group has the following interest rate swaps in place as at the end of the reporting period:
Future interest rate swaps in place at the end of the reporting period have maturity dates ranging from 23 September 2019 to 23 September 2026 (2018: 24 September 2018 to 23 September 2026).
On 24 June 2019, the Group reset the interest rates associated with AUD denominated interest rate swaps. This resulted in a cash outflow of $22.9m which reduced the Group’s financial liability presented in note 9.8. The cumulative change in fair value of these hedging instruments is carried in a separate reserve in equity (cash flow hedge reserve of NSPT presented within non-controlling interest in the Group’s consolidated statement of changes in equity).
This balance will be recycled from the hedge reserve to finance costs in the statement of profit and loss in future reporting periods corresponding to when the underlying hedged item impacts profit or loss. For the year ended 30 June 2019, $0.1m has been recognised in finance costs relating to this item.
Table:
 | 2019 | 2018
 | $'000 | $'000
Interest rate swaps (AUD) at face value |  | 
Current interest rate swaps | 400,000 | 270,000
Future interest rate swaps | 275,000 | 400,000
Interest rate swaps (NZD) at face value |  | 
Current interest rate swaps | 73,500 | 53,500
Future interest rate swaps | 50,000 | 100,000
AUD equivalent of NZD interest rate swaps |  | 
Current interest rate swaps | 70,361 | 48,944
Future interest rate swaps | 47,864 | 91,485


Question: What is the change in Interest rate swaps (NZD) at face value for Current interest rate swaps from 2018 to 2019?
Answer: 20000
Calculation: 73,500-53,500
£1.5m (2018: £1.4m) of scheme assets have a quoted market price in an active market.
The actual return on plan assets was a gain of £5.5m (2018: £1.0m loss).
The amounts recognised in the Company Statement of Financial Position are determined as follows:
Table:
 | 2019 | 2018
 | £m | £m
Fair value of scheme’s assets | 59.5 | 56.4
Present value of funded scheme’s liabilities | (53.9) | (52.7)
Retirement benefit asset recognised in the Statement of Financial Position | 5.6 | 3.7
Related deferred tax | (0.9) | (0.6)
Net pension asset | 4.7 | 3.1


Question: What is the Fair value of scheme’s assets at 2019?
Answer: 59.5
The following table summarizes our long-lived assets (consisting of property, plant and equipment) by geography at the end of fiscal 2019, fiscal 2018 and fiscal 2017 (in millions).
We have many suppliers of raw materials and subcontractors which provide our various materials and service needs. We generally seek to have multiple sources of supply for our raw materials and services, but, in some cases, we may rely on a single or limited number of suppliers.
Table:
 |  | March 31, | 
 | 2019 | 2018 | 2017
United States | $521.1 | $393.3 | $388.5
Thailand | 209.3 | 215.5 | 178.0
Various other countries | 266.3 | 159.1 | 116.8
Total long-lived assets | $996.7 | $767.9 | $683.3


Question: Which years did assets from Thailand exceed $200 million?
Answer: 2019, 2018
Calculation: (2019:209.3),(2018:215.5)
As described in Note 7, the acquisition of Norstel resulted in the recognition of $43 million in goodwill which has been included in the ADG segment to align the goodwill of the acquired Company with the segment under which the related activities will be reported.
As of the end of the third quarters of 2019 and 2018, the Company performed its annual impairment test. The Company did not elect to perform a qualitative assessment. The impairment test was conducted following a two-step process. In the first step, the Company compared the fair value of the reporting units tested to their carrying value. Based upon the first step of the goodwill impairment test, no impairment was recorded since the fair value of the reporting units exceeded their carrying value.
Goodwill as at December 31, 2019 and 2018 is net of accumulated impairment losses of $102 million, of which $96 million relates to the MDG segment and $6 million to Others. In 2019, 2018 and 2017, no impairment loss was recorded by the Company.
Table:
 | Automotive and Discrete Group (ADG) | Microcontrollers and Digital ICs Group (MDG) | Analog, MEMS & Sensors Group AMS) | Total
December 31, 2017 | — | 121 | 2 | 123
Foreign currency translation | — | (2) | — | (2)
December 31, 2018 | — | 119 | 2 | 121
Business combination | 43 | — | — | 43
Foreign currency translation | — | (2) | — | (2)
December 31, 2019 | 43 | 117 | 2 | 162


Question: What are the steps included in the impairment test?
Answer: In the first step, the Company compared the fair value of the reporting units tested to their carrying value. Based upon the first step of the goodwill impairment test, no impairment was recorded since the fair value of the reporting units exceeded their carrying value.
18. Reconciliation of net cash flow from operating activities
The table below shows how our (loss)/profit for the year from continuing operations translates into cash flows generated from our operating activities.
Table:
 |  | 2019 | 2018 | 2017
 | Notes | €m | €m | €m
(Loss)/profit for the financial year |  | (7,644) | 2,788 | (6,079)
Loss from discontinued operations | 7 | 3,535 | 1,969 | 4,107
(Loss)/profit for the financial year from continuing operations |  | (4,109) | 4,757 | (1,972)
Non-operating expense |  | 7 | 32 | 1
Investment income |  | (433) | (685) | (474)
Financing costs |  | 2,088 | 1,074 | 1,406
Income tax expense/(credit) | 6 | 1,496 | (879) | 4,764
Operating (loss)/profit |  | (951) | 4,299 | 3,725
Adjustments for: |  |  |  | 
Share-based payments and other non-cash charges |  | 147 | 128 | 95
Depreciation and amortisation | 10, 11 | 9,795 | 10,409 | 11,086
Loss on disposal of property, plant and equipment and intangible assets | 3 | 33 | 36 | 22
Share of result of equity accounted associates and joint ventures |  | 908 | 59 | (47)
Impairment losses | 4 | 3,525 | – | –
Other expense/(income) |  | 148 | (213) | (1,052)
(Increase)/decrease in inventory |  | (131) | (26) | 117
(Increase)/decrease in trade and other receivables | 14 | (31) | (1,118) | 308
Increase/(decrease) in trade and other payables | 15 | 739 | 286 | (473)
Cash generated by operations |  | 14,182 | 13,860 | 13,781
Net tax paid |  | (1,131) | (1,118) | (761)
Cash flows from discontinued operations |  | (71) | 858 | 1,203
Net cash flow from operating activities |  | 12,980 | 13,600 | 14,223


Question: What is the average net cash flow from operating activities between 2018 and 2019?
Answer: 13290
Calculation: (12,980+13,600)/2
13. Income Taxes
On December 22, 2017, the legislation commonly known as the Tax Cuts and Jobs Act (the “TCJA” or the “Act”) was enacted into law. The Act made comprehensive changes to the U.S. tax code, including, but not limited to: (1) reducing the U.S. federal corporate tax rate from 35% to 21%; (2) changing rules related to uses and limitations of net operating loss carry-forwards created in tax years beginning after December 31, 2017 as well as the repeal of the current carryback provisions for net operating losses arising in tax years ending after December 31, 2017; (3) immediate full expensing of certain qualified property; (4) creating a new limitation on deductible interest expense; (5) eliminating the corporate alternative minimum tax; (6) repeal of the deduction for income attributable to domestic production activities; and (7) changes in the manner in which international operations are taxed in the U.S. including a mandatory one- time transition tax on the accumulated untaxed earnings of foreign subsidiaries of U.S. shareholders.
In response to the TCJA, the U.S. Securities and Exchange Commission (“SEC”) staff issued Staff Accounting Bulletin No. 118 (“SAB 118”), which provides guidance on accounting for the tax effects of TCJA. The purpose of SAB 118 was to address any uncertainty or diversity of view in applying ASC Topic 740, Income Taxes in the reporting period in which the TCJA was enacted. SAB 118 addresses situations where the accounting is incomplete for certain income tax effects of the TJCA upon issuance of a company’s financial statements for the reporting period which include the enactment date. SAB 118 allows for a provisional amount to be recorded if it is a reasonable estimate of the impact of the TCJA. Additionally, SAB 118 allows for a measurement period to finalize the impacts of the TCJA, not to extend beyond one year from the date of enactment. For the year ended April 30, 2018, the Company recorded a provisional decrease in its deferred tax assets and liabilities for the reduction in the federal tax rate with a corresponding adjustment to the valuation allowance. During the year ended April 30, 2019, the Company completed the accounting for the tax effects of the TCJA with no material changes to the provisional estimate recorded in prior periods.
The TCJA also established the Global Intangible Low-Taxed Income (“GILTI”) provisions that impose a tax on foreign income in excess of a deemed return on tangible assets on foreign corporations. The Company does not anticipate being subject to GILTI due to the sale of Gillam in Fiscal 2018 and the treatment of FEI-Asia as a disregarded entity for U.S. tax purposes.
The provision for income taxes consisted of the following (in thousands):
Table:
 | 2019 | 2018
Current: |  | 
Federal | $8 | $ (869)
Foreign | 196 | -
State | 99 | (124)
Current provision | 303 | (993)
Deferred: |  | 
Federal | - | 10,702
Foreign | (247 ) | 267
State | - | 1,200
Deferred (benefit) tax | (247 ) | 12,169
Total provision | $56 | $11,176


Question: What is the change in total provision between 2018 and 2019?
Answer: -11120
Calculation: 56-11,176
Consolidated Revenues
Consolidated revenues increased $1.0 billion, or 0.8%, during 2019 compared to 2018, primarily due to an increase in revenues at our Consumer segment, partially offset by decreases in revenues at our Business segment and Corporate and other.
Revenues for our segments are discussed separately below under the heading “Segment Results of Operations.”
Corporate and other revenues decreased $124 million, or 1.2%, during 2019 compared to 2018, primarily due to a decrease of $232 million in revenues within Verizon Media.
Table:
 |  |  | (dollars in millions) Increase/(Decrease) | 
Years Ended December 31, | 2019 | 2018 | 2019 vs. 2018 | 
Consumer | $ 91,056 | $ 89,762 | $ 1,294 | 1.4%
Business  | 31,443 | 31,534 | (91) | (0.3)
Corporate and other  | 9,812 | 9,936 | (124) | (1.2)
Eliminations  | (443) | (369) | (74) | 20.1
Consolidated Revenues | $131,868 | $130,863 | $ 1,005 | 0.8


Question: What caused the decrease in corporate and other revenue?
Answer: a decrease of $232 million in revenues within Verizon Media.