hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Note 24 Post-employment benefit plans
POST-EMPLOYMENT BENEFIT PLANS COST
We provide pension and other benefits for most of our employees. These include DB pension plans, DC pension plans and OPEBs.
We operate our DB and DC pension plans under applicable Canadian and provincial pension legislation, which prescribes minimum and maximum DB funding requirements. Plan assets are held in trust, and the oversight of governance of the plans, including investment decisions, contributions to DB plans and the selection of the DC plans investment options offered to plan participants, lies with the Pension Fund Committee, a committee of our board of directors.
The interest rate risk is managed using a liability matching approach, which reduces the exposure of the DB plans to a mismatch between investment growth and obligation growth.
The longevity risk is managed using a longevity swap, which reduces the exposure of the DB plans to an increase in life expectancy.
COMPONENTS OF POST-EMPLOYMENT BENEFIT PLANS SERVICE COST
Table:
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
DB pension | (193) | (213)
DC pension | (110) | (106)
OPEBs | (3) | (3)
Less: |  | 
Capitalized benefit plans cost | 59 | 56
Total post-employment benefit plans service cost included in operating costs | (247) | (266)
Other costs recognized in severance, acquisition and other costs | – | (4)
Total post-employment benefit plans service cost | (247) | (270)


Question: What are the components for post-employment benefit plans service cost?
Answer: DB pension, DC pension, OPEBs
The average duration of the defined benefit obligation at the end of the reporting period is 6.8 years (2018: 6.3 years) which relates wholly to active participants.
The plan invests entirely in pooled superannuation trust products where prices are quoted daily. The asset allocation of the plan has been set taking into account the membership profile, the liquidity requirements of the plan, and risk appetite of the Group.
The percentage invested in each asset class is as follows:
Table:
 | 2019 | 2018
 | % | %
Equity instruments | 53.9 | 58.5
Debt instruments | 18.6 | 22.5
Real estate | 10.8 | 3.5
Cash and cash equivalents | 3.7 | 3.0
Other | 13.0 | 12.5
Total | 100.0 | 100.0


Question: What factors are taken into consideration when setting the asset allocation of the plan?
Answer: the membership profile, the liquidity requirements of the plan, and risk appetite of the Group.
Class A
As of December 31, 2019 and 2018, there were no weighted average shares of unvested Class A restricted common stock shares considered to be participating securities.
The computation of diluted earnings per share assumes the issuance of common stock for all potentially dilutive stock options and restricted stock units not classified as participating securities.
As of December 31, 2019, there were 1,718,865 shares of Class A restricted stock units and 1,478,756 Class A stock options outstanding and considered to be potentially dilutive securities. As of December 31, 2018, there were 912,315 shares of Class A restricted stock units and 866,011 Class A stock options outstanding and considered to be potentially dilutive securities.
The components of the calculation of basic earnings per share and diluted earnings per share are as follows:
For annual earnings per share calculations, there were 407,120 and 651,154 dilutive equity awards outstanding for the years ended December 31, 2019 and 2018. Awards of 920,845 and 469,112 shares of common stock for 2019 and 2018, respectively, were not included in the computation of diluted earnings per share because inclusion of these awards would be anti-dilutive.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Net income | $8,675 | $13,489
Weighted average common shares outstanding: |  | 
Class A common stock - basic | 89,251,818 | 88,394,580
Class A common stock - diluted | 89,658,938 | 89,045,734


Question: How much was the shares of Class A restricted stock unit as of December 31, 2019?
Answer: 1,718,865
jpmorgan chase & co./2012 annual report 167 the chart shows that for year ended december 31 , 2012 , the firm posted market risk related gains on 220 of the 261 days in this period , with gains on eight days exceeding $ 200 million . the chart includes year to date losses incurred in the synthetic credit portfolio . cib and credit portfolio posted market risk-related gains on 254 days in the period . the inset graph looks at those days on which the firm experienced losses and depicts the amount by which var exceeded the actual loss on each of those days . of the losses that were sustained on the 41 days of the 261 days in the trading period , the firm sustained losses that exceeded the var measure on three of those days . these losses in excess of the var all occurred in the second quarter of 2012 and were due to the adverse effect of market movements on risk positions in the synthetic credit portfolio held by cio . during the year ended december 31 , 2012 , cib and credit portfolio experienced seven loss days ; none of the losses on those days exceeded their respective var measures . other risk measures debit valuation adjustment sensitivity the following table provides information about the gross sensitivity of dva to a one-basis-point increase in jpmorgan chase 2019s credit spreads . this sensitivity represents the impact from a one-basis-point parallel shift in jpmorgan chase 2019s entire credit curve . however , the sensitivity at a single point in time multiplied by the change in credit spread at a single maturity point may not be representative of the actual dva gain or loss realized within a period . the actual results reflect the movement in credit spreads across various maturities , which typically do not move in a parallel fashion , and is the product of a constantly changing exposure profile , among other factors . debit valuation adjustment sensitivity ( in millions ) one basis-point increase in jpmorgan chase 2019s credit spread .

Table:
( in millions ) | one basis-point increase injpmorgan chase 2019s credit spread
december 31 2012 | $ 34
december 31 2011 | 35
economic-value stress testing along with var , stress testing is important in measuring and controlling risk .
while var reflects the risk of loss due to adverse changes in markets using recent historical market behavior as an indicator of losses , stress testing captures the firm 2019s exposure to unlikely but plausible events in abnormal markets .
the firm runs weekly stress tests on market-related risks across the lines of business using multiple scenarios that assume significant changes in risk factors such as credit spreads , equity prices , interest rates , currency rates or commodity prices .
the framework uses a grid-based approach , which calculates multiple magnitudes of stress for both market rallies and market sell-offs for .

Question: what was the percentage change in the one basis-point increase in jpmorgan chase 2019s credit spread from 2011 to 2012
Answer: -2.86%
Calculation: subtract(35, 34), divide(#0, 34)
FNF
We are party to certain agreements with FNF, including agreements that were entered into when we were related parties. As a result of the Distribution, FNF no longer has an ownership interest in us, but was still considered a related party until December 1, 2019 due to the combination of certain shared board members, members of senior management and various agreements. As of December 1, 2019, the Chairman of our Board of Directors no longer serves as one of our executive officers, and FNF is no longer considered a related party.
We have various agreements with FNF to provide software, data and analytics services, as well as corporate shared services and information technology. We are also a party to certain other agreements under which we incur other expenses or receive revenues from FNF.
A detail of the revenues and expenses, net from FNF is as follows (in millions):
(1) Transactions with FNF are summarized through November 30, 2019, the date after which FNF is no longer considered a related party.
We paid to FNF a guarantee fee of 1.0% of the outstanding principal of the Senior Notes (as defined in Note 12 — Long Term Debt) in exchange for the guarantee by FNF of the Senior Notes. For the year ended December 31, 2017, the guarantee fee was included in Interest expense, net on the Consolidated Statements of Earnings and Comprehensive Earnings. On April 26, 2017, the Senior Notes were redeemed, and we are no longer required to pay a guarantee fee.
Table:
 |  | Year ended December 31, | 
 | 2019 (1) | 2018 | 2017
Revenues | $59.5 | $57.6 | $56.8
Operating expenses | 12.5 | 12.1 | 12.3
Guarantee fee | — | — | 1.2


Question: Which years did Revenues exceed $55 million?
Answer: 2019, 2018, 2017
Calculation: (2019:59.5),(2018:57.6),(2017:56.8)
2017 ESPP
In May 2017, we adopted the 2017 Employee Stock Purchase Plan (the “2017 ESPP”). The 2017 ESPP grants employees the ability to designate a portion of their base-pay to purchase ordinary shares at a price equal to 85% of the fair market value of our ordinary shares on the first or last day of each 6 month purchase period. Purchase periods begin on January 1 or July 1 and end on June 30 or December 31, or the next business day if such date is not a business day. Shares are purchased on the last day of the purchase period.
The table below sets forth the weighted average assumptions used to measure the fair value of 2017 ESPP rights:
We recognize share-based compensation expense associated with the 2017 ESPP over the duration of the purchase period. We recognized$0.3 million, $0.3 million, and $0.1 million of share-based compensation expense associated with the 2017 ESPP during 2019, 2018, and 2017, respectively. At December 27, 2019, there was no unrecognized share-based compensation expense.
Table:
 | Year Ended |  | 
 | December 27, 2019 | December 28, 2018 | December 29, 2017
Weighted average expected term | 0.5 years | 0.5 years | 0.4 years
Risk-free interest rate | 2.3% | 1.9% | 1.1%
Dividend yield | 0.0% | 0.0% | 0.0%
Volatility | 56.0% | 52.7% | 47.8%


Question: How many years during the 3 year period had volatility of greater than 50.0%?
Answer: 2
Calculation: 56.0%##52.7%
Note 3: Recent Accounting Pronouncements
Recently Adopted
In May 2014, the FASB released ASU 2014-09, “Revenue from Contracts with Customers,” to supersede nearly all existing revenue recognition guidance under GAAP. The FASB issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, May 2016 and December 2016 within ASU 2015–14, ASU 2016–08, ASU 2016–10, ASU 2016–12 and ASU 2016–20, respectively; all of which in combination with ASU 2014-09 were codified as Accounting Standard Codification Topic 606 (“ASC 606”). The core principle of the standard is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The Company adopted ASC 606 on the first day of the current fiscal year, June 25, 2018, under the modified retrospective approach, applying the amendments to prospective reporting periods. Results for reporting periods beginning on or after June 25, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the historic accounting under ASC 605. In connection with the adoption of ASC 606, the Company’s revenue recognition policy has been amended, refer to Note 2—Summary of Significant Accounting Policies for a description of the policy.
The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of June 25, 2018 for the adoption of ASC 606 to all contracts with customers that were not completed as of June 24, 2018 was recorded as an adjustment to retained earnings as of the adoption date as follows:
Table:
 | June 24, 2018 As Reported | Adjustments | Jun e25, 2018 As Adjusted
 |  | (in thousands) | 
Total assets | $12,479,478 | $12,955 | $12,492,433
Deferred profit | $720,086 | $(160,695) | $559,391
Total liabilities | $5,899,435 | $(126,400) | $5,773,035
Stockholder’s equity | $6,501,851 | $139,355 | $6,641,206


Question: What is the total liabilities as reported in June 24, 2018?
Answer: $5,899,435
In accordance with ASC 740-10, Income Taxes, the Company has adopted the accounting policy that interest and penalties recognized are classified as part of its income taxes
The following shows the changes in the gross amount of unrecognized tax benefits as of December 31, 2019 (in thousands):
The Company does not anticipate that its total unrecognized tax benefits will significantly change due to settlement of examination or the expiration of statute of limitations during the next 12 months.
The Company files U.S. and foreign income tax returns with varying statutes of limitations. Due to the Company’s net carry-over of unused operating losses and tax credits, all years from 2003 forward remain subject to future examination by tax authorities
Table:
 | 2019 | 2018 | 2017
Unrecognized tax benefits, beginning of the year | $6,029 | $3,004 | $2,460
Increases related to prior year tax position | — | 1,050 | —
Decreases related to prior year tax positions | (48) | — | (3)
Increases related to current year tax positions | 2,984 | 1,975 | 547
Unrecognized tax benefits, end of year | $8,965 | 6,029 | 3,004


Question: What are the respective unrecognised tax benefits at the beginning of the year in 2017 and 2018?
Answer: $2,460, $3,004
Changes in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss), which is reported as a component of shareholders’ equity, for the years ended December 31, 2019 and 2018:
Expressed in US $000's except share and per share amounts
Table:
 | Accumulated Other Comprehensive Income (Loss) | 
 | Years ended | 
 | December 31, 2019 | December 31, 2018
 | $ | $
Balance, beginning of the year | (12,216) | 3,435
 |  | 
Other comprehensive income (loss) before reclassifications | 12,865 | (19,821)
Loss on cash flow hedges reclassified from accumulated other comprehensive income (loss) to earnings were as follows: |  | 
Cost of revenues | 279 | 255
Sales and marketing | 1,538 | 1,224
Research and development | 2,620 | 2,063
General and administrative | 744 | 628
Tax effect on unrealized gain (loss) on cash flow hedges | (4,784) | —
Other comprehensive income (loss), net of tax | 13,262 | (15,651)
Balance, end of the year | 1,046 | (12,216)


Question: What is the average reclassification of sales and marketing for 2018 and 2019?
Answer: 1381
Calculation: (1,538+1,224)/2
Fiscal 2019 compared to fiscal 2018
The following table sets forth our Consolidated Statements of Operations data as a percentage of net revenues for the periods indicated:
Note: The percentages may not add due to rounding.
Table:
 | Fiscal Year | 
 | 2019 | 2018
Net revenues | 100% | 100%
Cost of revenues | 22 | 21
Gross profit | 78 | 79
Operating expenses: |  | 
Sales and marketing | 32 | 33
Research and development | 19 | 20
General and administrative | 9 | 12
Amortization of intangible assets | 4 | 5
Restructuring, transition and other costs | 5 | 8
Total operating expenses | 70 | 78
Operating income | 8 | 1
Interest expense | (4) | (5)
Gain on divestiture | — | 14
Other expense, net | (1) | —
Income from continuing operations before income taxes | 2 | 9
Income tax expense (benefit) | 2 | (14)
Income from continuing operations | — | 23
Income from discontinued operations, net of income taxes | — | —
Net income | 1% | 24%


Question: What is the Sales and marketing costs expressed as a percentage of Total operating expenses in 2019?
Answer: 45.71
Calculation: 32/70
20. Geographic Information
The Group’s non-current operating assets by geographic regions are as follows:
Non-current operating assets for this purpose consist of property and equipment, goodwill, intangible assets and other non-current assets.
Table:
 | Fiscal Year Ended June 30, | 
 | 2019 | 2018
 | (U.S. $ in thousands) | 
Non-current operating assets |  | 
United States | $819,227 | $412,112
Australia | 18,842 | 16,730
India | 9,286 | —
 | $847,355 | $428,842


Question: In fiscal year ended June 30, 2019, how many geographic regions have non-current operating assets of more than $10,000 thousand?
Answer: 2
Calculation: United States ## Australia
NOTE 3 – STAFF COSTS
Employee information
The majority of the staff on vessels are not employed by TORM. Staff costs included in operating expenses relate to the 108 seafarers (2018: 112, 2017: 131).
The average number of employees is calculated as a full-time equivalent (FTE).
The Executive Director is, in the event of termination by the Company, entitled to a severance payment of up to 12 months' salary.
Table:
USDm | 2019 | 2018 | 2017
Total staff costs |  |  | 
Staff costs included in operating expenses | 8.1 | 9.3 | 9.2
Staff costs included in administrative expenses | 37.7 | 36.9 | 34.6
Total | 45.8 | 46.2 | 43.8
Staff costs comprise the following |  |  | 
Wages and salaries | 37.2 | 38.1 | 36.4
Share-based compensation | 1.9 | 2.1 | 1.9
Pension costs | 3.5 | 3.3 | 3.1
Other social security costs | 0.9 | 0.6 | 0.3
Other staff costs | 2.3 | 2.1 | 2.1
Total | 45.8 | 46.2 | 43.8
Average number of permanent employees |  |  | 
Seafarers | 107.6 | 111.7 | 130.6
Land-based | 313.5 | 302.2 | 286.6
Total | 421.1 | 413.9 | 417.2


Question: What do the staff costs comprise of?
Answer: Wages and salaries, Share-based compensation, Pension costs, Other social security costs, Other staff costs
Expected realisation of remaining performance obligations at year end
The Company applies the practical expedient in paragraph 121 of IFRS 15 and does not disclose information about remaining performance obligations that have original expected durations of one year or less.
For contracts that exceed one year, deferred income that relates to unsatisfied or partially satisfied performance obligations at year end is expected to be recognised as revenue in the future as follows:
The above information represents the revenue the Company will recognise when it satisfies the remaining performance obligations in the contracts. The amounts presented do not include orders for which neither party has performed.
Revenue from the sale of hardware and software generally arises from contracts less than one year in length. Consequently, the above amounts predominantly relate to the sale of maintenance and support services.
Virtually all of the revenue will be recognised within three years.
The Company provides standard warranties on its products and services. The nature of these warranties is considered to provide customers with assurance that the related product or service will function as intended in accordance with the agreed specification, and does not contain or imply any additional service obligation to the customer. Warranty obligations are estimated and recognised as liabilities based on the probable outflow of resources.
Table:
 | 2019 | 2018
 | £ million | £ million
Within one year | 1.0 | 1.2
Greater than one year | 0.8 | 0.9
 | 1.8 | 2.1


Question: What was the change in the amount within one year between 2018 and 2019?
Answer: -0.2
Calculation: 1.0-1.2
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Interest and penalty charges, if any, related to uncertain tax positions are classified as income tax expense in the accompanying consolidated statements of operations. As of March 31, 2019 and 2018, the Company had immaterial accrued interest or penalties related to uncertain tax positions.
The Company is subject to taxation in the United Kingdom and several foreign jurisdictions. As of March 31, 2019, the Company is no longer subject to examination by taxing authorities in the United Kingdom for years prior to March 31, 2017. The significant foreign jurisdictions in which the Company operates are no longer subject to examination by taxing authorities for years prior to March 31, 2016. In addition, net operating loss carryforwards in certain jurisdictions may be subject to adjustments by taxing authorities in future years when they are utilized.
The Company had approximately $24.9 million of unremitted foreign earnings as of March 31, 2019. Income taxes have been provided on approximately $10.0 million of the unremitted foreign earnings. Income taxes have not been provided on approximately $14.9 million of unremitted foreign earnings because they are considered to be indefinitely reinvested. The tax payable on the earnings that are indefinitely reinvested would be immaterial.
Table:
 | Year ended March 31, | 
 | 2019 | 2018
Beginning balance | $6,164 | $4,931
Additions based on tax positions related to current year | 164 | 142
Additions for tax positions of prior years | 231 | 1,444
Reductions due to change in foreign exchange rate   | (301) | (353)
Expiration of statutes of limitation | (165) | —
Reductions due to settlements with tax authorities | (77) | —
Ending balance | $6,016 | $6,164


Question: What was the Beginning balance in 2019 and 2018 respectively?
Answer: $6,164, $4,931
Description of Business
Key Clients. We work with the leading communication service providers located around the world. A partial list of our key clients as of December 31, 2019 is included below:
Clients that represented 10% or more of our revenues for 2019 and 2018 were as follows (in millions, except percentages):
See the Significant Client Relationships section of our Management’s Discussion and Analysis (“MD&A”) for additional information regarding our business relationships with these key clients.
Research and Development. Our clients around the world are facing competition from new entrants and at the same time, are deploying new services at a rapid pace and dramatically increasing the complexity of their business operations. Therefore, we continue to make meaningful investments in R&D to ensure that we stay ahead of our clients’ needs and advance our clients’ businesses as well as our own. We believe our value proposition is to provide solutions that help our clients ensure that each customer interaction is an opportunity to create value and deepen the business relationship.
Our total R&D expenses for 2019 and 2018 were $128.0 million and $124.0 million, respectively, or approximately 13% and 14%, respectively, of our total revenues. We anticipate the level of R&D investment in the near-term to be relatively consistent with that of 2019.
There are certain inherent risks associated with significant technological innovations. Some of these risks are described in this report in our Risk Factors section below.
Table:
 |  | 2019 |  | 2018
 | Amount | % of Revenues | Amount | % of Revenues
Comcast | $ 229 | 23% | $221 | 25%
Charter | 195 | 20% | 179 | 20%


Question: What is the total revenue earned from Comcast in 2018 and 2019?
Answer: 450
Calculation: $(229 + 221)