hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Asset Retirement Obligations
At December 31, 2019, our asset retirement obligations balance was primarily related to estimated future costs of removing equipment from leased properties and estimated future costs of properly disposing of asbestos and other hazardous materials upon remodeling or demolishing buildings. Asset retirement obligations are included in other long-term liabilities on our consolidated balance sheets.
As of the Level 3 acquisition date, we recorded liabilities to reflect our fair values of Level 3’s asset retirement obligations. Our fair value estimates were determined using the discounted cash flow method.
The following table provides asset retirement obligation activity:
(1) The liabilities assumed during 2018 relate to purchase price adjustments during the year.
The 2019, 2018 and 2017 change in estimates are offset against gross property, plant and equipment.
Table:
 | Years Ended December 31, |  | 
 | 2019 | 2018 | 2017
 | (Dollars in millions) |  | 
Balance at beginning of year | $190 | 115 | 95
Accretion expense | 11 | 10 | 6
Liabilities assumed in acquisition of Level 3(1) | — | 58 | 45
Liabilities settled | (14) | (14) | (3)
Liabilities transferred to Cyxtera | — | — | (20)
Change in estimate | 10 | 21 | (8)
Balance at end of year | $197 | 190 | 115


Question: Which year has the largest accretion expense?
Answer: 2019
Calculation: 11>10>7
18.1 Fair Values
The fair values of the currency and interest rate swap contracts exclude accrued interest of S$16.3 million (31 March 2018: S$16.8 million). The accrued interest is separately disclosed in Note 16 and Note 27.
The fair values of the derivative financial instruments were as follows –
Table:
 | Group |  | Company | 
 | Fair values |  | Fair values | 
 | Assets | Liabilities | Assets | Liabilities
2019 | S$ Mil | S$ Mil | S$ Mil | S$ Mil
Fair value and cash flow hedges |  |  |  | 
Cross currency swaps | 414.6 | 95.5 | 1.0 | 60.2
Interest rate swaps | 11.1 | 59.8 | - | 8.9
Forward foreign exchange contracts | 12.9 | 1.5 | 3.3 | 1.0
Derivatives that do not qualify for hedge accounting |  |  |  | 
Cross currency swaps | - | - | 104.7 | 104.7
Interest rate swaps | - | 1.9 | 17.5 | 17.5
Forward foreign exchange contracts | 0.1 | - | 0.1 | -
 | 438.7 | 158.7 | 126.6 | 192.3
Disclosed as – |  |  |  | 
Current | 155.1 | 9.2 | 0.7 | 0.5
Non-current | 283.6 | 149.5 | 125.9 | 191.8
 | 438.7 | 158.7 | 126.6 | 192.3


Question: What is the % of the total group current financial assets that is attributable to the company? 
Answer: 0.45
Calculation: 0.7/155.1
Income from Equity Investees
Marine Services: Income from equity investees within our Marine Services segment for the year ended December 31, 2019 decreased $14.1 million to $5.6 million from $19.7 million for the year ended year ended December 31, 2018. The decrease was driven by HMN, due to lower revenues on large turnkey projects underway than in the comparable period.
The equity investment in HMN has contributed $5.0 million and $12.7 million in income from equity investees for the years ended December 31, 2019 and 2018, respectively. Further contributing to the reduction in income were losses at SBSS from a loss contingency related to ongoing legal disputes and lower vessel utilization.
Life Sciences: Loss from equity investees within our Life Sciences segment for the year ended December 31, 2019 decreased $0.6 million to $3.4 million from $4.0 million for the year ended December 31, 2018. The decrease in losses were largely due to lower equity method losses recorded from our investment in MediBeacon due to the timing of clinical trials and revenue from a licensing agreement which did not occur in the comparable periods.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | Increase / (Decrease)
Construction | $— | $ (0.2) | $ 0.2
Marine Services | 5.6 | 19.7 | (14.1)
Life Sciences | (3.4) | (4.0) | 0.6
Other | — | (0.1) | 0.1
Income from equity investees | $ 2.2 | $ 15.4 | $ (13.2)


Question: The equity investment in HMN contributed what amount in income from equity investees in December 2019?
Answer: $5.0 million
11. Reportable Segments, Geographic Information and Major Customers
Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources. The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for the segments are attributed to the region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses  fiscal 2019 and the $13.5 million one-time employee bonus paid to full-time, non-executive employees during fiscal 2018 due to the Company's ability to access overseas cash as a result of Tax Reform (the "one-time employee bonus"). These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the segments are the same as for the Company taken as a whole.
Information about the Company’s three reportable segments for fiscal 2019, 2018 and 2017 is as follows (in thousands):
Table:
 | 2019 | 2018 | 2017
Depreciation:       |  |  | 
AMER  | $22,531 | $21,224 | $19,694
APAC  | 16,905 | 15,954 | 15,588
EMEA  | 6,105 | 6,054 | 5,467
Corporate  | 5,344 | 4,863 | 4,581
 | 50,885 | 48,095 | 45,330
Capital expenditures: |  |  | 
AMER | $42,459 | $17,690 | $18,111
APAC | 33,454 | 33,018 | 13,816
EMEA | 5,186 | 7,923 | 5,748
Corporate | 9,501 | 4,149 | 863
 | $90,600 | $62,780 | $38,538


Question: What was the change in Corporate Depreciation between 2018 and 2019?
Answer: 481
Calculation: 5,344-4,863
5.2 Key Management Personnel Compensation
Notes: (1) Comprise base salary, bonus, contributions to defined contribution plans and other benefits, but exclude performance share and share option expenses disclosed below.
(2) The Group Chief Executive Officer, an executive director of Singtel, was awarded up to 1,030,168 (2018: 1,712,538) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off Special Share Award (“SSA”). The performance share expense computed in accordance with SFRS(I) 2, Share-based Payment, was S$1.5 million (2018: S$3.3 million).
(3) The other key management personnel of the Group comprise the Chief Executive Officers of Consumer Singapore, Consumer Australia, Group Enterprise, Group Digital Life and International Group, as well as the Group Chief Corporate Officer, Group Chief Financial Officer, Group Chief Human Resources Officer, Group Chief Information Officer and Group Chief Technology Officer. The other key management personnel were awarded up to 3,537,119 (2018: 4,391,498) ordinary shares of Singtel pursuant to Singtel performance share plans, subject to certain performance criteria including other terms and conditions being met. The performance share award in the previous financial year included a one-off SSA. The performance share expense computed in accordance with SFRS(I) 2 was S$6.1 million (2018: S$8.5 million).
(4) Directors’ remuneration comprises the following: (i) Directors’ fees of S$2.7 million (2018: S$2.5 million), including fees paid to certain directors in their capacities as members of the Optus Advisory Committee and the Technology Advisory Panel, and as director of Singtel Innov8 Pte. Ltd. (ii) Car-related benefits of the Chairman of S$24,557 (2018: S$20,446). In addition to the Directors’ remuneration, Venkataraman Vishnampet Ganesan, a non-executive director of Singtel, was awarded 831,087 (2018: Nil) of share options pursuant to the Amobee Long-Term Incentive Plan during the financial year, subject to certain terms and conditions being met. The share option expense computed in accordance with SFRS(I) 2 was S$104,278 (2018: S$21,607).
Table:
 |  | Group
 | 2019 | 2018
 | S$ Mil | S$ Mil
Key management personnel compensation (1) |  | 
Executive director (2) | 3.5 | 6.1
Other key management personnel (3) | 15.9 | 22.4
 | 19.4 | 28.5
Directors' remuneration (4) | 2.7 | 2.5
 | 22.1 | 31.0


Question: What is the % change in key management personnel compensation from 2018 to 2019, excluding directors' remuneration?
Answer: -31.93
Calculation: (19.4 - 28.5) / 28.5
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 and the s&p financial 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 , 2007 at the closing price on the last trading day of 2007 , and also assumes reinvestment of common stock dividends . the s&p financial index is a publicly available measure of 80 of the standard & poor's 500 companies , representing 26 diversified financial services companies , 22 insurance companies , 17 real estate companies and 15 banking companies . comparison of five-year cumulative total shareholder return .

Table:
 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012
state street corporation | $ 100 | $ 49 | $ 55 | $ 58 | $ 52 | $ 61
s&p 500 index | 100 | 63 | 80 | 92 | 94 | 109
s&p financial index | 100 | 45 | 52 | 59 | 49 | 63
.

Question: what is the roi of an investment in state street corporation from 2007 to 2009?
Answer: -45.0%
Calculation: subtract(55, 100), divide(#0, 100)
Note 21. Quarterly Results (Unaudited)
The following table presents the Company's selected unaudited quarterly operating results for the eight quarters ended March 31, 2019. The Company believes that all adjustments of a normal recurring nature have been made to present fairly the related quarterly results (in millions, except per share amounts). Amounts may not add to the total due to rounding:
Refer to Note 11, Income Taxes, for an explanation of the one-time transition tax recognized in the third quarter of fiscal 2018. Refer to Note 4, Special Charges and Other, Net, for an explanation of the special charges included in operating income in fiscal 2019 and fiscal 2018. Refer to Note 12, Debt and Credit Facility, for an explanation of the loss on settlement of debt included in other (loss) income, net of $4.1 million during the second quarter, $0.2 million during the third quarter, and $8.3 million during the fourth quarter of fiscal 2019 and $13.8 million and $2.1 million for the first quarter and third quarter of fiscal 2018, respectively. Refer to Note 5, Investments, for an explanation of the impairment recognized on available-for-sale securities in the fourth quarter of fiscal 2018.
Table:
Fiscal 2019 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Total
Net sales | $1,212.5 | $1,432.5 | $1,374.7 | $1,329.8 | $5,349.5
Gross profit | $642.0 | $689.3 | $779.6 | $820.5 | $2,931.3
Operating income | $132.3 | $102.7 | $194.7 | $284.6 | $714.3
Net income from continuing operations | $35.7 | $96.3 | $49.2 | $174.7 | $355.9
Diluted net income per common share | $0.14 | $0.38 | $0.20 | $0.70 | $1.42


Question: What was the operating income in the first quarter?
Answer: 132.3
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our class a common stock trades on the new york stock exchange under the symbol 201cma 201d . at february 8 , 2019 , we had 73 stockholders of record for our class a common stock . we believe that the number of beneficial owners is substantially greater than the number of record holders because a large portion of our class a common stock is held in 201cstreet name 201d by brokers . there is currently no established public trading market for our class b common stock . there were approximately 287 holders of record of our non-voting class b common stock as of february 8 , 2019 , constituting approximately 1.1% ( 1.1 % ) of our total outstanding equity . stock performance graph the graph and table below compare the cumulative total stockholder return of mastercard 2019s class a common stock , the s&p 500 financials and the s&p 500 index for the five-year period ended december 31 , 2018 . the graph assumes a $ 100 investment in our class a common stock and both of the indices and the reinvestment of dividends . mastercard 2019s class b common stock is not publicly traded or listed on any exchange or dealer quotation system . total returns to stockholders for each of the years presented were as follows : indexed returns base period for the years ended december 31 .

Table:
company/index | base period 2013 | base period 2014 | base period 2015 | base period 2016 | base period 2017 | 2018
mastercard | $ 100.00 | $ 103.73 | $ 118.05 | $ 126.20 | $ 186.37 | $ 233.56
s&p 500 financials | 100.00 | 115.20 | 113.44 | 139.31 | 170.21 | 148.03
s&p 500 index | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
.

Question: what was the percent of the growth of the mastercard from 2013 to 2014
Answer: 3.73%
Calculation: subtract(103.73, const_100), divide(#0, const_100)
2. Employees
Please refer to the Report on Directors’ remuneration on pages 77 to 101 and note 38 of Notes to the consolidated financial statements on page 161 for disclosures relating to the emoluments, share incentives and long-term incentive interests and pensions of the Directors.
The average number of people employed by the Company during the year was:
Table:
 | 2019 | 2018
 | Number | Number
Manufacturing | 40 | 37
Product development | 54 | 50
Selling and marketing | 52 | 45
Administration | 32 | 30
 | 178 | 162


Question: What was the percentage change in the average number of people employed by the company in 2019?
Answer: 9.88
Calculation: (178-162)/162
As of December 31, 2019, our required annual payments relating to these contractual obligations were as follows (in millions):
(1) Includes finance lease obligations.
(2) These calculations include the effect of our interest rate swaps and assume that (a) applicable margins remain constant; (b) our term A loan and revolving credit facility variable rate debt is priced at the one-month LIBOR rate in effect as of December 31, 2019; (c) only mandatory debt repayments are made; and (d) no refinancing occurs at debt maturity.
(3) Other includes commitment fees on our revolving credit facility and rating agencies fees.
Table:
 |  |  | Payments due by period | 
 | Total | 2020 | 2021-2022 | 2023-2024
Debt(1) | $1,554.8 | $80.0 | $184.1 | $1,290.7
Interest on debt (2) | 171.5 | 54.7 | 102.0 | 14.8
Data processing and maintenance commitments | 103.4 | 44.5 | 46.5 | 12.4
Operating lease payments | 27.5 | 12.6 | 11.5 | 3.4
Other(3) | 3.9 | 1.2 | 2.4 | 0.3
Total | $1,861.1 | $193.0 | $346.5 | $1,321.6


Question: What was the percentage change in the total contractual obligations between the periods of 2020 and 2021-2022?
Answer: 79.53
Calculation: (346.5-193.0)/193.0
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 percent of the net change in revenue between 2007 and 2008 was due to volume/weather?
Answer: 76.5%
Calculation: subtract(991.1, 942.1), divide(37.5, #0)
a reconciliation of the beginning and ending amount of unrecognized tax benefits , for the periods indicated , is as follows: .

Table:
( dollars in thousands ) | 2010 | 2009 | 2008
balance at january 1 | $ 29010 | $ 34366 | $ 29132
additions based on tax positions related to the current year | 7119 | 6997 | 5234
additions for tax positions of prior years | - | - | -
reductions for tax positions of prior years | - | - | -
settlements with taxing authorities | -12356 ( 12356 ) | -12353 ( 12353 ) | -
lapses of applicable statutes of limitations | - | - | -
balance at december 31 | $ 23773 | $ 29010 | $ 34366
the entire amount of the unrecognized tax benefits would affect the effective tax rate if recognized .
in 2010 , the company favorably settled a 2003 and 2004 irs audit .
the company recorded a net overall tax benefit including accrued interest of $ 25920 thousand .
in addition , the company was also able to take down a $ 12356 thousand fin 48 reserve that had been established regarding the 2003 and 2004 irs audit .
the company is no longer subject to u.s .
federal , state and local or foreign income tax examinations by tax authorities for years before 2007 .
the company recognizes accrued interest related to net unrecognized tax benefits and penalties in income taxes .
during the years ended december 31 , 2010 , 2009 and 2008 , the company accrued and recognized a net expense ( benefit ) of approximately $ ( 9938 ) thousand , $ 1563 thousand and $ 2446 thousand , respectively , in interest and penalties .
included within the 2010 net expense ( benefit ) of $ ( 9938 ) thousand is $ ( 10591 ) thousand of accrued interest related to the 2003 and 2004 irs audit .
the company is not aware of any positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date .
for u.s .
income tax purposes the company has foreign tax credit carryforwards of $ 55026 thousand that begin to expire in 2014 .
in addition , for u.s .
income tax purposes the company has $ 41693 thousand of alternative minimum tax credits that do not expire .
management believes that it is more likely than not that the company will realize the benefits of its net deferred tax assets and , accordingly , no valuation allowance has been recorded for the periods presented .
tax benefits of $ 629 thousand and $ 1714 thousand related to share-based compensation deductions for stock options exercised in 2010 and 2009 , respectively , are included within additional paid-in capital of the shareholders 2019 equity section of the consolidated balance sheets. .

Question: in 2010 what was the percentage change in the unrecognized tax benefits,
Answer: -18.1%
Calculation: subtract(23773, 29010), divide(#0, 29010)
Financials
1. EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation, and excluding net foreign exchange gains (losses).
2. NPATA is a non-IFRS term, defined as net profit after tax, excluding tax-effected amortisation of acquired intangibles. This is used to determine EPSa as disclosed here and in the audited Remuneration Report.
3. Underlying EBITDA, underlying NPAT and underlying NPATA exclude separately disclosed items, which represent the transaction and other restructuring costs associated with the Sigma acquisition (2018: Enoro acquisition) and the exiting of a premises lease in the Americas. Further details of the separately disclosed items are outlined in Note 4 to the Financial Report.
Operating revenue for FY19 was $231.3 million, $0.5 million up on FY18. With Sigma contributing $5.0 million of revenue in June (the first month since acquisition), revenues for the remainder of Hansen excluding Sigma were $4.5 million lower. This decline was a result of lower non-recurring revenues, due primarily to both lower one-off licence fees and reduced project work following the large body of work completed in the first half of FY18 associated with implementing Power of Choice in Australia. Conversely, recurring revenues grew to represent 63% of total operating revenue.
Underlying EBITDA for the year was $55.8 million, 7.0% down on the $60.0 million in FY18. This resulted in an underlying EBITDA margin decline to 24.1% from 26.0% in FY18. Sigma only contributed a modest $0.1 million of EBITDA in June, which we do not see as representative of the business going forward. Excluding Sigma, the underlying EBITDA margin was 24.6%. This reduced margin was the direct result of the lower non-recurring revenue, as we were able to maintain operating expenses at the same level as FY18, even after the investment in the Vietnam Development Centre.
Table:
A$ Million | FY19 | FY18 | Variance %
Operating revenue | 231.3 | 230.8 | 0.2%
Underlying EBITDA 1, 3 | 55.8 | 60.0 | (7.0%)
Underlying NPAT 3 | 24.0 | 29.5 | (18.7%)
Underlying NPATA 2, 3 | 33.7 | 38.7 | (12.9%)
Basic EPS based on underlying NPATA (cents) 2 | 17.1 | 19.8 | (13.6%)


Question: What was the average basic EPS for the 2 FYs?
Answer: 18.45
Calculation: (17.1 + 19.8)/2