hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
13 . pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries . as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s . defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest . however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula . for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula . in addition , the company provides medical benefits , principally to its eligible u.s . retirees and their dependents , through its other postretirement benefit plans . the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans . net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: .

Table:
years ended december 31 | pension benefits 2013 | pension benefits 2012 | pension benefits 2011 | pension benefits 2013 | pension benefits 2012 | 2011
service cost | $ 682 | $ 555 | $ 619 | $ 102 | $ 82 | $ 110
interest cost | 665 | 661 | 718 | 107 | 121 | 141
expected return on plan assets | -1097 ( 1097 ) | -970 ( 970 ) | -972 ( 972 ) | -126 ( 126 ) | -136 ( 136 ) | -142 ( 142 )
net amortization | 336 | 185 | 201 | -50 ( 50 ) | -35 ( 35 ) | -17 ( 17 )
termination benefits | 58 | 27 | 59 | 50 | 18 | 29
curtailments | -23 ( 23 ) | -10 ( 10 ) | -86 ( 86 ) | -11 ( 11 ) | -7 ( 7 ) | 1
settlements | 23 | 18 | 4 | 2014 | 2014 | 2014
net periodic benefit cost | $ 644 | $ 466 | $ 543 | $ 72 | $ 43 | $ 122
the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate .
the net periodic benefit cost attributable to u.s .
pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck .
also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans .
in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans .
table of contents .

Question: in 2013 what was the percent of the net periodic benefit cost attributable to the us
Answer: 72.4%
Calculation: divide(466, 644)
Obligations and Commitments
As of August 31, 2019, we had the following obligations and commitments to make future payments under contracts, contractual obligations and commercial commitments:
Amounts in table may not total due to rounding.
The liability related to unrecognized tax benefits has been excluded from the contractual obligations table because a reasonable estimate of the timing and amount of cash outflows from future tax settlements cannot be determined. For additional information, see Note 10 (Income Taxes) to our Consolidated Financial Statements under Item 8, “Financial Statements and Supplementary Data.”
Amounts represent projected payments under certain unfunded retirement plans for former pre-incorporation partners. Given these plans are unfunded, we pay these benefits directly. These plans were eliminated for active partners after May 15, 2001
Other commitments include, among other things, information technology, software support and maintenance obligations, as well as other obligations in the ordinary course of business that we cannot cancel or where we would be required to pay a termination fee in the event of cancellation. Amounts shown do not include recourse that we may have to recover termination fees or penalties from clients.
Table:
 |  |  | Payments due by period |  | 
Contractual Cash Obligations (1) | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
 |  |  | (in millions of U.S. dollars) |  | 
Long-term debt | $23 | $6 | $11 | $6 | 
Operating leases | 3,840 | 688 | 1,114 | 792 | 1,246
Retirement obligations (2) | 95 | 10 | 20 | 20 | 44
Purchase obligations and other commitments (3) | 286 | 206 | 61 | 12 | 6
Total | $4,244 | $910 | $1,206 | $830 | $1,296


Question: What is the total contractual cash obligation due in less than one year from long-term debt and operating leases?
Answer: 3863
Calculation: $23 + $3,840
10 Taxation (continued)
There are unrecognised deferred tax assets on the following temporary differences (presented below before the application of the relevant tax rate) due to uncertainty over the level of profits in the non-REIT elements of the Group in future periods:
The Company recognises no deferred tax asset or liability (2018: nil).
Table:
£m | 2019 | 2018
Revenue losses – UK | 398.4 | 300.8
Capital losses – UK | 34.5 | 34.2
Derivative financial instruments | 172.7 | 184.9
Other temporary differences | 20.1 | 9.7
Total unrecognised temporary differences | 625.7 | 529.6


Question: What is the percentage change in the revenue losses in UK from 2018 to 2019?
Answer: 32.45
Calculation: (398.4-300.8)/300.8
The Group reported a loss before tax of £(42.7)m in the year, compared to a profit before tax of £20.9m in 2017/18. A loss after tax was £(33.8)m, compared to a £7.2m profit in the prior year.
Adjusted profit before tax was £88.0m in the year, an increase of £9.4m compared to the prior year due to growth both in Trading profit and lower interest costs as described above. Adjusted profit after tax increased £7.6m to £71.3m in the year after deducting a notional 19.0% tax charge of £16.7m. Based on average shares in issue of 841.5 million shares, adjusted earnings per share in the year was 8.5 pence, growth in the year of +11.5%.
Table:
Adjusted earnings per share (£m) | 2018/19 | 2017/18 | Change
Trading profit | 128.5 | 123.0 | +4.5%
Less: Net regular interest | (40.5) | (44.4) | +8.9%
Adjusted profit before tax | 88.0 | 78.6 | +12.1%
Less: Notional tax (19%) | (16.7) | (14.9) | (12.1%)
Adjusted profit after tax6 | 71.3 | 63.7 | +12.1%
Average shares in issue (millions) | 841.5 | 836.8 | +0.6%
Adjusted earnings per share (pence) | 8.5 | 7.6 | +11.5%


Question: What is the average notional tax for 2017/18 and 2018/19?
Answer: -15.8
Calculation: -(16.7 + 14.9) / 2
REVENUE
The sales cycle from quotation to shipment for our Front-end equipment generally takes several months, depending on capacity utilization and the urgency of the order. Usually, acceptance is within four months after shipment. The sales cycle is longer for equipment that is installed at the customer’s site for evaluation prior to sale. The typical trial period ranges from six months to two years after installation.
Our revenues are concentrated in Asia, the United States and Europe. The following table shows the geographic distribution of our revenue for 2018 and 2019:
Table:
 |  | Year ended December 31 |  | 
(EUR million) | 2018 |  | 2019 | 
United States | 175.9 | 21.5% | 339.5 | 26.4%
Europe | 165.6 | 20.2% | 126.2 | 9.8%
Asia | 476.6 | 58.3% | 818.2 | 63.7%
 | 818.1 | 100.0% | 1,283.9 | 100.0%


Question: What is the usual acceptance duration after shipment?
Answer: within four months
Greenhouse gas emissions
In line with the Companies Act 2006, Sophos is required to measure and report on its Greenhouse Gas (“GHG”) emissions disclosures. These have been calculated for the year-ending 31 March 2019, in line with the Group’s financial year. The calculation of the disclosures has been performed in accordance with Greenhouse Gas Protocol Corporate Standard and using the UK government’s conversion factor guidance for the year reported.
The Group’s operations that primarily release GHG includes usage of electricity and gas of owned and leased offices, business travel and usage of vehicles. The Group keeps its data capture process under review, seeking to extend the availability of direct information wherever possible. Where direct information for certain sites is not available, estimates have been developed that enable reporting for them. These estimates are revised if new or improved data is obtained.
The Group will continue to build its GHG reporting capabilities. The Group’s chosen intensity ratio is ‘tonnes of CO2 equivalent per million US dollars of billings’ as it aligns with Sophos’ strategic growth ambitions.
Creating an environmentally friendly HQ
The Group commissioned a greening study of its global headquarters in Abingdon, Oxfordshire. The purpose of the study was to benchmark the current environmental, health and wellbeing performance of the building against current best practice and against direct and indirect competitors.
The findings of the study showed that the building performance was consistent with intermediate good practice and the building management was consistent with standard good practice. The study highlighted areas of future improvement. The findings and recommendations of this report will be a key driver for developing best practice in environmental sustainability to match the growth aspirations and objectives of the Company.
The Group is endeavouring to achieve the standards in environmental performance, health and wellbeing that is expected of a global technology organisation at the Group’s headquarters.
Table:
 |  | Year-ended 31 March 2019 | Year-ended 31 March 2018 | Year-ended 31 March 2017
 |  | tCO2e | tCO2e | tCO2e
Scope 1 | Combustion of natural gas and operation of owned vehicles | 220.9 | 320.0 | 251.8
Scope 2 | Electricity consumption in offices | 4,487.2 | 4,457.3 | 4,681.9
Scope 3 | Business travel (air and car) | 3,260.9 | 5,117.4 | 4,510.9
Total |  | 7,969.0 | 9,894.7 | 9,444.6
Intensity ratio |  |  |  | 
tCO2e per $M of billings |  | 10.5 | 12.9 | 14.9


Question: What does the Group's operations that primarily release GHG include?
Answer: usage of electricity and gas of owned and leased offices, business travel and usage of vehicles.
Restricted Stock Units (RSUs): RSUs represent the right to receive one share of NortonLifeLock common stock for each vested RSU upon the settlement date, subject to continued employment through each vesting date.
(1) Mr. Clark did not receive an RSU award for FY19.
(2) In FY19, Messrs. Taylor and Noviello, as FY18 NEOs, were granted a mix of PRUs and RSUs at 70% and 30%, respectively. All other executives, other than Mr. Clark, received a mix of PRUs and RSUs at 50% and 50%, respectively.
Table:
NEO | FY19 RSU Award Amount (#)(2) | Grant Date Value ($)
Gregory S. Clark(1) | 0 | 0
Nicholas R. Noviello | 95,416 | 2,106,785
Amy L. Cappellanti-Wolf | 78,620 | 1,683,254
Samir Kapuria | 238,243 | 5,100,783
Scott C. Taylor | 61,339 | 1,354,365


Question: What does RSU stand for?
Answer: Restricted Stock Units
Changes in parameters on the basis of actuarial calculations led to a total increase in the present value of defined benefit obligations by €247 million (2017/18: €−24 million). Most of the effects result from the reduction of the applied invoice rates.
The weighted average term of defined benefit commitments for the countries with material pension obligations amounts to:
Table:
Years | 30/9/2018 | 30/9/2019
Germany | 16 | 16
Netherlands | 22 | 24
United Kingdom | 18 | 18
Belgium | 4 | 6
Other countries | 11 | 11


Question: The weighted average term of defined benefit commitments for which countries is provided?
Answer: Germany, Netherlands, United Kingdom, Belgium, Other countries
Receivables (payables): The balances with Golar Partners and subsidiaries as of December 31, 2019 and 2018 consisted of the following:
(iii) Interest income on short-term loan, balances due(to)/from Golar Partners and its subsidiaries - Receivables and payables with Golar Partners and its subsidiaries comprise primarily of unpaid management fees and expenses for management, advisory and administrative services, dividends in respect of the Hilli Common Units and other related party arrangements including the Hilli Disposal. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Balances owing to or due from Golar Partners and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business. In November 2019, we loaned $15.0 million to Golar Partners, with interest of LIBOR plus 5.0%. The loan was fully repaid, including interest of $0.1 million, in December 2019.
(vii) Methane Princess lease security deposit movements - This represents net advances from Golar Partners since its IPO, which correspond with the net release of funds from the security deposits held relating to a lease for the Methane Princess. This is in connection with the Methane Princess tax lease indemnity provided to Golar Partners under the Omnibus Agreement. Accordingly, these amounts will be settled as part of the eventual termination of the Methane Princess lease.
Table:
(in thousands of $) | 2019 | 2018
Balances due (to)/from Golar Partners and its subsidiaries (iii) | (2,708) | 4,091
Methane Princess lease security deposit movements (vii) | (2,253) | (2,835)
Total | (4,961) | 1,256


Question: In which years was the receivables (payables) recorded for?
Answer: 2019, 2018
4. Profit before tax
The following items have been charged in arriving at profit before tax:
Table:
 |  | 2019 | 2018
 | Notes | $ million | $ million
Employee benefit costs | 8 | 220.5 | 208.9
Costs of inventories recognised as an expense |  | 81.6 | 79.8
Write-down of inventories to net realisable value | 19 | 1.6 | 0.1
Amortisation of intangible assets | 13 | 2.1 | 4.3
Depreciation of property, plant and equipment | 14 | 14.7 | 16.5
Depreciation of right-of-use assets | 15 | 7.5 | –
Amortisation of assets recognised from costs to obtain a contract | 21 | 0.5 | 0.6
Operating leases – minimum lease payments |  | – | 8.5
Expenses relating to short-term leases and leases of low-value assets | 26 | 0.3 | –
Product development costs |  | 96.5 | 96.9
Net foreign exchange loss |  | 0.6 | 0.6


Question: For which years were the items that have been charged in arriving at profit before tax recorded in?
Answer: 2019, 2018
Revenue stream
The Company generates revenue primarily from the sales of equipment and sales of spares & service. The products and services described by nature in Note 1, can be part of all revenue streams.
The proceeds resulting from the patent litigation & arbitration settlements (€159 million) are included in the equipment revenue stream.
Table:
 | Year ended December 31, | 
(EUR thousand) | 2018 | 2019
Equipment revenue | 631,504 | 1,068,645
Spares & service revenue | 186,577 | 215,215
Total | 818,081 | 1,283,860


Question: What is the change in total revenue from 2018 to 2019?
Answer: 465779
Calculation:  1,283,860 - 818,081
The impact of product mix within our TS segment on gross margins for the fiscal years ended September 30 was as follows:
The overall TS segment gross margin as a percentage of sales remained the same in fiscal year 2019 when compared to fiscal year 2018. The $0.6 million increase in our TS segment product gross margins resulted from an increase in product revenues in the U.S. division, partially offset by a decrease in the U.K division. The $1.1 million.increase in the TS segment service gross margins primarily resulted from increased service revenues in the U.S. division.
Table:
 |  |  | 2018 |  | Increase | 
 | GM$ | GM% | GM$ | GM% | GM$ | GM%
 |  |  | (Dollar amount in thousands) |  |  | 
Products | $7,462 | 13% | $6,886 | 13% | $576 | -%
Services | 6,427 | 56% | 5,376 | 55% | 1,051 | 1
Total | $13,889 | 20% | $12,262 | 20% | 1,627 | -%


Question: When is the company's financial year end?
Answer: September 30
the table below summarizes activity of rsus with performance conditions for the year ended december 31 , shares ( in thousands ) weighted average grant date fair value ( per share ) .

Table:
 | shares ( in thousands ) | weightedaverage grantdate fair value ( per share )
non-vested total as of december 31 2016 | 309 | $ 55.94
granted | 186 | 63.10
vested | -204 ( 204 ) | 46.10
forfeited | -10 ( 10 ) | 70.50
non-vested total as of december 31 2017 | 281 | $ 67.33
as of december 31 , 2017 , $ 6 million of total unrecognized compensation cost related to the nonvested rsus , with and without performance conditions , is expected to be recognized over the weighted-average remaining life of 1.5 years .
the total fair value of rsus , with and without performance conditions , vested was $ 16 million , $ 14 million and $ 12 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
if dividends are paid with respect to shares of the company 2019s common stock before the rsus are distributed , the company credits a liability for the value of the dividends that would have been paid if the rsus were shares of company common stock .
when the rsus are distributed , the company pays the participant a lump sum cash payment equal to the value of the dividend equivalents accrued .
the company accrued dividend equivalents totaling less than $ 1 million , $ 1 million and $ 1 million to accumulated deficit in the accompanying consolidated statements of changes in stockholders 2019 equity for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
employee stock purchase plan the company maintains a nonqualified employee stock purchase plan ( the 201cespp 201d ) through which employee participants may use payroll deductions to acquire company common stock at the lesser of 90% ( 90 % ) of the fair market value of the common stock at either the beginning or the end of a three-month purchase period .
on february 15 , 2017 , the board adopted the american water works company , inc .
and its designated subsidiaries 2017 nonqualified employee stock purchase plan , which was approved by stockholders on may 12 , 2017 and took effect on august 5 , 2017 .
the prior plan was terminated as to new purchases of company stock effective august 31 , 2017 .
as of december 31 , 2017 , there were 2.0 million shares of common stock reserved for issuance under the espp .
the espp is considered compensatory .
during the years ended december 31 , 2017 , 2016 and 2015 , the company issued 93 thousand , 93 thousand and 98 thousand shares , respectively , under the espp. .

Question: by how much did non-vested rsu's decrease from 2016 to 2017?
Answer: -9.1%
Calculation: subtract(281, 309), divide(#0, 309)
Management makes allowance for expected credit loss based on the simplified approach to provide for expected credit losses, which permits the use of the lifetime expected loss provision for all trade receivables. Expected credit loss for receivables overdue more than 180 days is 25%-100%, depending on category. Expected credit loss for receivables overdue more than one year is 100%.
Movements in provisions for impairment of freight receivables during the year are as follows:
Allowance for expected credit loss of freight receivables have been recognized in the income statement under "Port expenses, bunkers and commissions".
Allowance for expected credit loss of freight receivables is calculated using an ageing factor as well as a specific customer knowledge and is based on a provision matrix on days past due.
Table:
USDm | 2019 | 2018 | 2017
Allowance for expected credit loss |  |  | 
Balance as of 1 January | 1.7 | 1.3 | 2.6
Adjustment to prior years | 1.5 | - | -
Provisions for the year | 2.4 | 1.7 | 0.6
Provisions reversed during the year | -1.9 | -1.0 | -1.9
Provisions utilized during the year | - | -0.3 | -
Balance as of 31 December | 3.7 | 1.7 | 1.3


Question: How is allowance for expected credit loss of freight receivables calculated?
Answer: using an ageing factor as well as a specific customer knowledge and is based on a provision matrix on days past due.
15 Financial risk management (continued)
(c) Liquidity risk
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due.
Management also actively monitors rolling forecasts of the Group’s cash and cash equivalents.
(i) Maturities of financial liabilities
The table below analyses the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities for all non-derivative financial liabilities.
The amounts disclosed in the table are the contractual undiscounted cash flows.
The cash flows for unsecured notes assume that the early redemption options would not be exercised by the Group.
Table:
Contractual Maturities of Financial Liabilities | Within 12 months | Between 1 and 5 years | Over 5 years | Total contractual cash flows | Carrying amount
2019 | $'000 | $'000 | $'000 | $'000 | $'000
Trade payables | 44,840 | - | - | 44,840 | 44,840
Unsecured notes | 46,634 | 900,046 | - | 946,680 | 793,849
Lease liabilities | 5,008 | 26,709 | 167,214 | 198,931 | 73,328
Total non-derivatives | 96,482 | 926,755 | 167,214 | 1,190,451 | 912,017
2018 |  |  |  |  | 
Trade payables | 27,640 | - | - | 27,640 | 27,640
Unsecured notes | 18,750 | 342,000 | - | 360,750 | 296,912
Lease liabilities | 641 | 2,565 | 5,451 | 8,657 | 6,042
Total non-derivatives | 47,031 | 344,565 | 5,451 | 397,047 | 330,594


Question: What was the value of lease liabilities maturing between 1 and 5 years in 2019?
Answer: 26,709
Income (loss) before expense (benefit) for income taxes for the years ended December 31, 2019, 2018 and 2017 is as follows:
Income (loss) before expense (benefit) for income taxes for international entities reflects income (loss) based on statutory transfer pricing agreements. This amount does not correlate to consolidated international revenue, many of which occur from our U.S. entity.
Table:
(In thousands) | 2019 | 2018 | 2017
U.S. entities | $(29,829) | $(74,131) | $26,552
International entities | 5,052 | 40,760 | 18,135
Total | $(24,777) | $(33,371) | $44,687


Question: What was the percentage change for total income between 2018 and 2019?
Answer: -25.75
Calculation: (-$24,777-(-$33,371))/-$33,371
Operating Expenses
The following table highlights our operating expenses and operating loss as a percentage of net revenues:
Table:
 |  | Year Ended  | 
 | June 30,
2019 | June 30,2018 | June 30,
2017
Research and development   | 21.1% | 18.7% | 15.4%
Sales and marketing   | 28.7% | 27.2% | 26.8%
General and administrative   | 5.6% | 5.2% | 6.2%
Acquisition and integration costs, net of bargain purchase gain   | 0.3% | 5.5% | 2.2%
Restructuring charges, net of reversals   | 0.5% | 0.8% | 1.5%
Amortization of intangibles   | 0.6% | 0.9% | 1.4%
Total operating expenses | 56.8% | 58.3% | 53.5%
Operating (loss) income   | (1.5)% | (3.9)% | 1.0%


Question: Which years did General and administrative as a percentage of net revenues exceed 6%?
Answer: 2017
Calculation: (2017:6.2)
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
16. Voyage Expenses and Commissions
An analysis of voyage expenses and commissions is as follows:
Bunkers’ consumption and other voyage expenses represents mainly bunkers consumed during vessels’ unemployment and off-hire.
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Brokers’ commissions on revenue | 6,456 | 7,555 | 7,527
Bunkers’ consumption and other voyage expenses | 8,948 | 12,819 | 16,245
Total | 15,404 | 20,374 | 23,772


Question: What was the percentage change in total voyage expenses and commissions from 2017 to 2018?
Answer: 32.26
Calculation: (20,374 - 15,404)/15,404