hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
29. Related party transactions
The Group has a number of related parties including joint arrangements and associates, pension schemes and Directors and Executive Committee members (see note 12 “Investments in associates and joint arrangements”, note 24 “Post employment benefits” and note 22 “Directors and key management compensation”).
Transactions with joint arrangements and associates
Related party transactions with the Group’s joint arrangements and associates primarily comprise fees for the use of products and services including network airtime and access charges, fees for the provision of network infrastructure and cash pooling arrangements.
No related party transactions have been entered into during the year which might reasonably affect any decisions made by the users of these consolidated financial statements except as disclosed below.
Note: 1 Amounts arise primarily through VodafoneZiggo, Vodafone Idea, Vodafone Hutchison Australia and Cornerstone Telecommunications Infrastructure Limited. Interest is paid in line with market rates.
Dividends received from associates and joint ventures are disclosed in the consolidated statement of cash flows.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Sales of goods and services to associates | 27 | 19 | 37
Purchase of goods and services from associates | 3 | 1 | 90
Sales of goods and services to joint arrangements | 242 | 194 | 19
Purchase of goods and services from joint arrangements | 192 | 199 | 183
Net interest income receivable from joint arrangements1 | 96 | 120 | 87
Trade balances owed: |  |  | 
by associates | 1 | 4 | –
to associates | 3 | 2 | 1
by joint arrangements | 193 | 107 | 158
to joint arrangements | 25 | 28 | 15
Other balances owed by joint arrangements1 | 997 | 1,328 | 1,209
Other balances owed to joint arrangements1 | 169 | 150 | 127


Question: What is the difference between 2018 and 2019 average sales of goods and services to associates?
Answer: -5
Calculation: [(27+19)/2] - [(19+37)/2]
20. DIVIDENDS
A regular dividend of 3 cents per share has been declared. This final dividend of 3 cents per share, partially franked to 2.6 cents per share, was announced to the market on 23 August 2019. The amount declared has not been recognised as a liability in the accounts of Hansen Technologies Ltd as at 30 June 2019.
1. The final dividend paid of 4 cents per share, franked to 4 cents, comprised of an ordinary dividend of 3 cents per share, together with a special dividend of 1 cent per share.
The above available amounts are based on the balance of the dividend franking account at year end adjusted for: • franking credits that will arise from the payment of any current tax liability; • franking debits that will arise from the payment of any dividends recognised as a liability at year end; • franking credits that will arise from the receipt of any dividends recognised as receivables at year end; and • franking credits that the entity may be prevented from distributing in subsequent years.
Table:
 | 2019 | 2018
 | $’000 | $’000
Dividends paid during the year (net of dividend re-investment) |  | 
4 cent per share final dividend paid 27 September 2018 – fully franked1 | 7,319 | 
3 cent per share final dividend paid 30 September 2017 – fully franked |  | 5,175
3 cent per share interim dividend paid 29 March 2019 – fully franked | 5,318 | 
3 cent per share interim dividend paid 29 March 2018 – fully franked |  | 5,217
 | 12,637 | 10,392
Proposed dividend not recognised at the end of the year | 5,922 | 7,865
Dividends franking account |  | 
30% franking credits, on a tax paid basis, are available to shareholders of Hansen Technologies Ltd for subsequent financial years | 1,586 | 3,125


Question: What was the percentage change in franking credits between 2018 and 2019?
Answer: -49.25
Calculation: (1,586 - 3,125) / 3,125
shareholder return performance presentation the graph presented below compares the cumulative total shareholder return on state street's common stock to the cumulative total return of the s&p 500 index , the s&p financial index and the kbw bank index over a five- year period . the cumulative total shareholder return assumes the investment of $ 100 in state street common stock and in each index on december 31 , 2008 at the closing price on the last trading day of 2008 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 81 of the standard & poor's 500 companies , representing 17 diversified financial services companies , 22 insurance companies , 19 real estate companies and 23 banking companies . the kbw bank index seeks to reflect the performance of banks and thrifts that are publicly traded in the u.s. , and is composed of 24 leading national money center and regional banks and thrifts. .

Table:
 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013
state street corporation | $ 100 | $ 111 | $ 118 | $ 105 | $ 125 | $ 198
s&p 500 index | 100 | 126 | 146 | 149 | 172 | 228
s&p financial index | 100 | 117 | 132 | 109 | 141 | 191
kbw bank index | 100 | 98 | 121 | 93 | 122 | 168
.

Question: what is the roi of an investment in kbw bank index from 2008 to 2011?
Answer: -7%
Calculation: subtract(93, 100), divide(#0, 100)
Geographic Information
The amounts for revenue by region in the following tables are based on the location of customers. The regions in the following table are EMEA (Europe, Middle East, and Africa), Americas (North America and Latin America), and APJ (Asia Pacific Japan).
Total Revenue by Region
Table:
€ millions | 2019 | 2018 | 2017
Germany | 3,948 | 3,658 | 3,352
Rest of EMEA | 8,158 | 7,446 | 7,063
EMEA | 12,105 | 11,104 | 10,415
United States | 9,085 | 7,880 | 7,436
Rest of Americas | 2,109 | 1,832 | 1,911
Americas | 11,194 | 9,713 | 9,347
Japan | 1,180 | 963 | 885
Rest of APJ | 3,074 | 2,928 | 2,814
APJ | 4,254 | 3,891 | 3,699
SAP Group | 27,553 | 24,708 | 23,461


Question: In which year was the amount for Germany the largest?
Answer: 2019
Calculation: 3,948>3,658>3,352
6. Property, Plant and Equipment
Property, plant and equipment consisted of the following (in thousands):
Depreciation expense was $51.7 million, $51.1 million and $48.8 million in fiscal years 2019, 2018 and 2017, respectively.
The Company maintains insurance for both property damage and business interruption relating to catastrophic events, such as fires. Insurance recoveries received for property damage and business interruption in excess of the net book value of damaged assets, clean-up and demolition costs, and post-event costs are recognized as income in the period received or committed when all contingencies associated with the recoveries are resolved. Gains on insurance recoveries related to business interruption are recorded within “Cost of sales” and any gains or losses related to property damage are recorded within “Other income (expense).” Insurance recoveries related to business interruption are classified as operating cash flows and recoveries related to property damage are classified as investing cash flows in the statement of cash flows. Insurance claims incurred or finalized during the fiscal years ended 2019, 2018, and 2017 did not have a material affect on the Company's consolidated financial statements.
Table:
 | June 1, 2019 | June 2, 2018
Land and improvements | $93,046 | $90,757
Buildings and improvements | 370,451 | 360,030
Machinery and equipment | 496,166 | 478,997
Construction-in-progress | 52,551 | 9,307
 | 1,012,214 | 939,091
Less: accumulated depreciation | 555,920 | 513,707
 | $456,294 | $425,384


Question: What are recoveries related to property damage are classified as?
Answer: investing cash flows
Item 16C. Principal Accountant Fees and Services
Our principal accountant for 2019 and 2018 was KPMG LLP, Chartered Professional Accountants. The following table shows the fees Teekay and our subsidiaries paid or accrued for audit and other services provided by KPMG LLP for 2019 and 2018.
(1) Audit fees represent fees for professional services provided in connection with the audits of our consolidated financial statements and effectiveness of internal control over financial reporting, reviews of our quarterly consolidated financial statements and audit services provided in connection with other statutory or regulatory filings for Teekay or our subsidiaries including professional services in connection with the review of our regulatory filings for public offerings of our subsidiaries.
Audit fees for 2019 and 2018 include approximately $928,300 and $859,000, respectively, of fees paid to KPMG LLP by Teekay LNG that were approved by the Audit Committee of the Board of Directors of the general partner of Teekay LNG. Audit fees for 2019 and 2018 include approximately $588,200 and $517,000, respectively, of fees paid to KPMG LLP by our subsidiary Teekay Tankers that were approved by the Audit Committee of the Board of Directors of Teekay Tankers.
(2) Audit-related fees consisted primarily of accounting consultations, employee benefit plan audits, services related to business acquisitions, divestitures and other attestation services. (3) For 2019 and 2018, tax fees principally included corporate tax compliance fees.
The Audit Committee has the authority to pre-approve audit-related and non-audit services not prohibited by law to be performed by our independent auditors and associated fees. Engagements for proposed services either may be separately pre-approved by the Audit Committee or entered into pursuant to detailed pre-approval policies and procedures established by the Audit Committee, as long as the Audit Committee is informed on a timely basis of any engagement entered into on that basis.
The Audit Committee separately pre-approved all engagements and fees paid to our principal accountants in 2019 and 2018.
Table:
Fees (in thousands of U.S. dollars) | 2019 | 2018
Audit Fees (1) | 2,723 | 2,529
Audit-Related Fees (2) | 33 | 59
Tax Fees (3) | 23 | 32
Total | 2,779 | 2,620
 |  | 


Question: What is the increase/ (decrease) in Tax Fees from 2019 to 2018?
Answer: -9
Calculation: 23-32
13. Intangible assets continued
Goodwill has been allocated to three CGUs, which align with the reportable operating segments, as follows:
Table:
 | 2019 | 2018
 | $ million | $ million
Networks & Security | 73.4 | 72.0
Lifecycle Service Assurance | 37.6 | 37.6
Connected Devices | 46.1 | 46.1
 | 157.1 | 155.7


Question: What was the change in the total intangible assets?
Answer: 1.4
Calculation: 157.1-155.7
Item 2. Properties
Our corporate headquarters are located in Culver City, California, where we occupy facilities totaling approximately 8,000 square feet on a monthto-month basis pursuant to a Shared Services Agreement with NantWorks. We use these facilities for administration, sales and marketing, research and development, engineering, client support, and professional services. In addition, we have 5 U.S. locations across four states and one international location. Our key facilities include the following:
United States
Boston, Massachusetts
Panama City, Florida
Philadelphia, Pennsylvania
Phoenix, Arizona
International
◦ Belfast, Northern Ireland
Note that on February 3, 2020, the Company completed the sale of its Connected Care business which includes the Panama City, Florida property.
We believe that our facilities are adequate to meet our needs in the near term, and that, if needed, suitable additional space will be available to accommodate any expansion of our operations.
The following table outlines our facilities location, square footage, and use:
Table:
City | State | Country | Sq ft | Type | Business Nature/Use
Boston | MA | USA | 31,752 | Lease | Administrative, sales, client support, R&D, engineering, professional services
Panama City | FL | USA | 51,288 | Lease | Administrative, sales, client support, R&D, engineering, professional services
Belfast | NI | UK | 15,500 | Lease | R&D, engineering, administrative
Phoenix | AZ | USA | 4,865 | Lease | Data Centre
Philadelphia | PA | USA | 14,183 | Lease | Administrative, sales, client support, R&D, engineering, professional services
 |  |  | 117,588 |  | 


Question: What are the respective types of facilities in Boston and Panama City?
Answer: Lease, Lease
The tax holidays represent a tax exemption period aimed to attract foreign technological investment in certain tax jurisdictions. The effect of the tax benefits, from tax holidays for countries which are profitable, on basic earnings per share was $0.14, $0.15 and $0.13 for the years ended December 31, 2019, 2018, and 2017, respectively. These agreements are present in various countries and include programs that reduce up to and including 100% of taxes in years affected by the agreements.
The Company’s tax holidays expire at various dates through the year ending December 31, 2028. In certain countries, tax holidays can be renewed depending on the Company still meeting certain conditions at the date of expiration of the current tax holidays.
In May 2019, Switzerland voted a tax reform which cancelled all favourable tax regimes and introduced a single tax rate for all companies, which triggered the revaluation of all deferred tax assets and liabilities. Enactment of this law occurred in third quarter of 2019, which resulted in a tax benefit of $20 million. The remeasurement of deferred taxes was reconciled in the fourth quarter of 2019 to include the current year activity, which did not have a material impact on the net remeasurement.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
Income tax benefit (expense) computed at statutory rate | (297) | (353) | (238)
Non-deductible and non-taxable permanent differences, net | 4 | 45 | 17
Income (loss) on equity-method investments | — | — | —
Valuation allowance adjustments | 2 | 141 | 92
Effect on deferred taxes of changes in enacted tax rates | 14 | (62) | (70)
Current year credits | 50 | 43 | 40
Other tax and credits | (51) | (20) | (36)
Benefits from tax holidays | 129 | 135 | 114
Net impact of changes to uncertain tax positions | (5) | (16) | (43)
Earnings of subsidiaries taxed at different rates | (2) | (9) | (19)
Income tax benefit (expense) | (156) | (96) | (143)


Question: What is tax holidays?
Answer: The tax holidays represent a tax exemption period aimed to attract foreign technological investment in certain tax jurisdictions.
A.5 Net assets position
Our total assets at the end of fiscal 2019 were influenced by positive currency translation effects of € 4.0 billion (mainly goodwill), primarily involving the U. S. dollar.
The increase in other current financial assets was driven by higher loans receivable at SFS, which were mainly due to new business and reclassification of non-current loans receivable from other financial assets. While higher loans receivable and receivables from finance leases from new business at SFS contributed also to growth in other financial assets, a large extent of the overall increase resulted from increased fair values of derivative financial instruments.
Inventories increased in several industrial businesses, with the build-up most evident at SGRE, Mobility and Siemens Healthineers.
Assets classified as held for disposal increased mainly due to reclassification of two investments from investments accounted for using the equity method.
The increase in goodwill included the acquisition of Mendix.
Deferred tax assets increased mainly due to income tax effects related to remeasurement of defined benefits plans.
The increase in other assets was driven mainly by higher net defined benefit assets from actuarial gains.
Table:
 |  | Sep 30, | 
(in millions of €) | 2019 | 2018 | % Change
Cash and cash equivalents | 12,391 | 11,066 | 12 %
Trade and other receivables | 18,894 | 18,455 | 2 %
Other current financial assets | 10,669 | 9,427 | 13 %
Contract assets | 10,309 | 8,912 | 16 %
Inventories | 14,806 | 13,885 | 7 %
Current income tax assets | 1,103 | 1,010 | 9 %
Other current assets | 1,960 | 1,707 | 15 %
Assets classified as held for disposal | 238 | 94 | 154 %
Total current assets | 70,370 | 64,556 | 9 %
Goodwill | 30,160 | 28,344 | 6 %
Other intangible assets | 9,800 | 10,131 | (3) %
Property, plant and equipment | 12,183 | 11,381 | 7 %
Investments accounted for using the equity method | 2,244 | 2,579 | (13) %
Other financial assets | 19,843 | 17,774 | 12 %
Deferred tax assets | 3,174 | 2,341 | 36 %
Other assets | 2,475 | 1,810 | 37 %
Total non-current assets | 79,878 | 74,359 | 7 %
Total assets | 150,248 | 138,915 | 8 %


Question: What caused the increase in the inventories?
Answer: Inventories increased in several industrial businesses, with the build-up most evident at SGRE, Mobility and Siemens Healthineers.
Note 3: Debt
The line item “Interest expense” on the Consolidated Statements of Operations for the fiscal years 2019, 2018 and 2017, respectively, is as follows (amounts in thousands):
Table:
 |  | Fiscal Years Ended March 31, | 
 | 2019 | 2018 | 2017
Contractual interest expense | $19,471 | $30,323 | $38,825
Capitalized interest | (232) | (141) | (154)
Amortization of debt issuance costs | 334 | 511 | 1,390
Amortization of debt (premium) discount | 1,481 | 1,843 | (788)
Imputed interest on acquisition related obligations | 57 | 113 | 159
Interest expense on capital leases | 128 | 233 | 323
Total interest expense | $21,239 | $32,882 | $39,755


Question: What was the percentage change in the total interest expense between 2018 and 2019?
Answer: -35.41
Calculation: (21,239-32,882)/32,882
Note 8 – Property, Plant and Equipment
As of December 31, 2019 and 2018, property, plant and equipment was comprised of the following:
Depreciation expense was $12.5 million, $12.7 million and $12.8 million for the years ended December 31, 2019, 2018 and 2017, respectively, which is recorded in cost of sales, selling, general and administrative expense and research and development expense in the consolidated statements of income.
We assess long-lived assets used in operations for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and the undiscounted cash flows estimated to be generated by the asset are less than the asset’s carrying value. During the year ended December 31, 2019, the Company recognized impairment charges of $3.9 million related to the abandonment of certain information technology projects in which we had previously capitalized expenses related to these projects. The impairment charges were determined based on actual costs incurred as part of the projects. No impairment charges were recognized during the years ended December 31, 2018 and 2017.
Table:
(In thousands) | 2019 | 2018
Land | $4,575 | $4,575
Building and land improvements | 34,797 | 34,379
Building | 68,157 | 68,183
Furniture and fixtures | 19,959 | 19,831
Computer hardware and software | 74,399 | 92,071
Engineering and other equipment | 130,430 | 127,060
Total Property, Plant and Equipment | 332,317 | 346,099
Less accumulated depreciation | (258,609) | (265,464)
Total Property, Plant and Equipment, net | $73,708 | $80,635


Question: What was the percentage change in net total property, plant and equipment between 2018 and 2019?
Answer: -8.59
Calculation: ($73,708-$80,635)/$80,635
F. INVENTORIES
Inventories, net consisted of the following at December 31, 2019 and 2018:
Inventory reserves for the years ended December 31, 2019 and 2018 were $103.6 million and $100.8 million, respectively.
Table:
 | 2019 | 2018
 | (in thousands) | 
Raw material | $118,595 | $89,365
Work-in-process | 32,695 | 31,014
Finished goods | 45,401 | 33,162
 | $196,691 | $153,541


Question: What were the components included in net inventories in the table?
Answer: Raw material, Work-in-process, Finished goods
NOTE 11 – INCOME TAXES
The components of loss before income taxes are as follows:
Table:
 | 2019 | 2018
Domestic | (1,698,689) | (2,468,805)
Foreign | (52,222) | (88,726)
Loss before income taxes | (1,750,911) | (2,557,531)


Question: What is the change in the domestic losses between 2018 and 2019?
Answer: -770116
Calculation: 1,698,689 - 2,468,805
Item 14. Principal Accountant Fees and Services
The aggregate fees for professional services rendered by our independent registered public accounting firm, KPMG LLP, for Fiscal 2019 and Fiscal 2018 were:
(1) Audit fees were primarily for professional services rendered for (a) the annual audits of our consolidated financial statements and the accompanying attestation report regarding our ICFR contained in our Annual Report on Form 10- K, (b) the review of quarterly financial information included in our Quarterly Reports on Form 10-Q, (c) audit services related to mergers and acquisitions and offering documents, and (d) annual statutory audits where applicable.
(2) Audit-related fees were primarily for assurance and related services, such as the review of non-periodic filings with the SEC.
(3) Tax fees were for services related to tax compliance, including the preparation of tax returns, tax planning and tax advice.
(4) All other fees consist of fees for services other than the services reported in audit fees, audit-related fees, and tax fees.
OpenText's Audit Committee has established a policy of reviewing, in advance, and either approving or not approving, all audit, audit-related, tax and other non-audit services that our independent registered public accounting firm provides to us. This policy requires that all services received from our independent registered public accounting firm be approved in advance by the Audit Committee or a delegate of the Audit Committee. The Audit Committee has delegated the pre-approval responsibility to the Chair of the Audit Committee. All services that KPMG LLP provided to us in Fiscal 2019 and Fiscal 2018 have been preapproved by the Audit Committee.
The Audit Committee has determined that the provision of the services as set out above is compatible with the maintaining of KPMG LLP's independence in the conduct of its auditing functions.
Table:
 | Year ended June 30, | 
(In thousands) | 2019 | 2018
Audit fees (1) | $4,598 | $4,701
Audit-related fees (2) | — | —
Tax fees (3) | 108 | 116
All other fees (4) | 40 | 101
Total | $4,746 | $4,918


Question: In year ended 2019, what is the Audit fees expressed as a percentage of total fees?
Answer: 96.88
Calculation: 4,598/4,746