hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Foreign Currency Risk
The Group is exposed to translation and transaction foreign exchange risk. Several other currencies in addition to the reporting currency of US dollar are used, including sterling and the euro. The Group experiences currency exchange differences arising upon retranslation of monetary items (primarily short-term inter-Company balances and long-term borrowings), which are recognised as an expense in the period the difference occurs. The Group endeavours to match cash inflows and outflows in the various currencies; the Group typically invoices its customers in their local currency and pays its local expenses in local currency, as a means to mitigate this risk.
The Group is also exposed to exchange differences arising from the translation of its subsidiaries’ Financial Statements into the Group’s reporting currency of US dollar, with the corresponding exchange differences taken directly to equity.
The following table illustrates the movement that ten per cent in the value of sterling or the euro against the US dollar would have had on the Group’s profit or loss for the period and on the Group’s equity as at the end of the period.
Any foreign exchange variance would be recognised as unrealised foreign exchange in the Consolidated Statement of Profit or Loss and have no impact on cash flows.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
10% movement in sterling to US dollar value |  | 
Profit or loss | 1.7 | 5.1
Equity | 33.8 | 37.4
10% movement in euro to US dollar value |  | 
Profit or loss | 1.5 | 7.5
Equity | (9.8) | (10.8)


Question: What was the change in the impact on Equity from a 10% movement in sterling to US dollar value in 2019 from 2018?
Answer: -3.6
Calculation: 33.8-37.4
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 6: PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other current assets consisted of the following:
Claims receivable mainly represents claims against vessels’ insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts including off-hires. While it is anticipated that claims receivable will be recovered within one year, such claims may not all be recovered within one year due to the attendant process of settlement. Nonetheless, amounts are classified as current as they represent amounts currently due to the Company. All amounts are shown net of applicable deductibles.
As of December 31, 2018, claims receivable include $11,571 related to insurance claim at the iron ore port terminal in Nueva Palmira, Uruguay.
Table:
 | December 31, 2019 | December 31, 2018
Prepaid voyage and operating costs | $5,726 | $9,261
Claims receivable | 3,826 | 22,224
Prepaid other taxes | 1,012 | 2,682
Advances for working capital purposes | — | 18
Other | 1,675 | 6,005
Total prepaid expenses and other current assets | $12,239 | $40,190


Question: What was the percentage change in other current assets between 2018 and 2019?
Answer: -72.11
Calculation: (1,675-6,005)/6,005
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)
29. Earnings/(losses) per share (‘‘EPS’’)
Basic earnings/(losses) per share was calculated by dividing the profit/(loss) for the year attributable to the owners of the common shares after deducting the dividend on Preference Shares by the weighted average number of common shares issued and outstanding during the year.
Diluted EPS is calculated by dividing the profit/(loss) for the year attributable to the owners of the Group adjusted for the effects of all dilutive potential ordinary shares by the weighted average number of all potential ordinary shares assumed to have been converted into common shares, unless such potential ordinary shares have an antidilutive effect.
The following reflects the earnings/(losses) and share data used in the basic and diluted earnings/ (losses) per share computations:
The Group excluded the effect of 2,630,173 SARs and 367,162 RSUs in calculating diluted EPS for the year ended December 31, 2019, as they were anti-dilutive (December 31, 2018: 555,453 SARs and 0 RSUs, December 31, 2017: 998,502 SARs and 0 RSUs).
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Basic earnings/(loss) per share |  |  | 
Profit/(loss) for the year attributable to owners of the Group | 15,506 | 47,683 | (100,661)
Less: Dividends on Preference Shares | (10,064) | (10,063) | (10,063)
Profit/(loss) for the year available to owners of the Group | 5,442 | 37,620 | (110,724)
Weighted average number of shares outstanding, basic | 80,622,788 | 80,792,837 | 80,849,818
Basic earnings/(loss) per share | 0.07 | 0.47 | (1.37)
Diluted earnings/(loss) per share |  |  | 
Profit/(loss) for the year available to owners of the Group used in the calculation of diluted EPS | 5,442 | 37,620 | (110,724)
Weighted average number of shares outstanding, basic | 80,622,788 | 80,792,837 | 80,849,818
Dilutive potential ordinary shares | 643,342 | 844,185 | —
Weighted average number of shares used in the calculation of diluted EPS | 81,266,130 | 81,637,022 | 80,849,818
Diluted earnings/(loss) per share | 0.07 | 0.46 | (1.37)


Question: How was basic earnings/(losses) per share calculated?
Answer: By dividing the profit/(loss) for the year attributable to the owners of the common shares after deducting the dividend on Preference Shares by the weighted average number of common shares issued and outstanding during the year.
Auditor Service Fees
The aggregate amounts paid or accrued by the Company with respect to fees payable to PricewaterhouseCoopers LLP, the auditors of the Company, for audit (including separate audits of wholly-owned and non-wholly owned entities, financings, regulatory reporting requirements and SOX related services), audit-related, tax and other services in the years ended December 31, 2019 and 2018 were as follows:
Audit fees relate to the audit of our annual consolidated financial statements, the review of our quarterly condensed consolidated financial statements and services in connection with our 2019 and 2018 public offerings of Class A subordinate voting shares
Audit-related fees consist of aggregate fees for accounting consultations and other services that were reasonably related to the performance of audits or reviews of our consolidated financial statements and were not reported above under "Audit Fees".
Tax fees relate to assistance with tax compliance, expatriate tax return preparation, tax planning and various tax advisory services.
Other fees are any additional amounts for products and services provided by the principal accountants other than the services reported above under "Audit Fees", "Audit-Related Fees" and "Tax Fees".
Table:
 | Fiscal 2019 | Fiscal 2018
 | $ | $
 | (in thousands) | 
Audit Fees | 1,133 | 764
Audit-Related Fees | — | —
Tax Fees | — | —
All Other Fees | 3 | 2
Total | 1,136 | 766


Question: What is the average audit fees for 2018 and 2019?
Answer: 948.5
Calculation: (1,133+764)/2
Unaudited Pro Forma Financial Information
The pro forma financial information in the table below presents the combined results of operations for ACI and Speedpay as if the acquisition had occurred January 1, 2018. The pro forma information is shown for illustrative purposes only and is not necessarily indicative of future results of operations of the Company or results of operations of the Company that would have actually occurred had the transaction been in effect for the periods presented. This pro forma information is not intended to represent or be indicative of actual results had the acquisition occurred as of the beginning of each period, and does not reflect potential synergies, integration costs, or other such costs or savings.
Certain pro forma adjustments have been made to net income (loss) for the year ended December 31, 2019 and 2018, to give effect to estimated adjustments that remove the amortization expense on eliminated Speedpay historical identifiable intangible assets, add amortization expense for the value of acquired identified intangible assets (primarily acquired software, customer relationships, and trademarks), and add estimated interest expense on the Company’s additional Delayed Draw Term Loan and Revolving Credit Facility borrowings. Additionally, certain transaction expenses that are a direct result of the acquisition have been excluded from the year ended December 31, 2019.
The following is the unaudited summarized pro forma financial information for the periods presented (in thousands, except per share data):
Walletron
On May 9, 2019, the Company also completed the acquisition of Walletron, which delivers patented mobile wallet technology. The Company has included the financial results of Walletron in the consolidated financial statements from the date of acquisition, which were not material.
RevChip and TranSend
On October 1, 2019, the Company acquired certain technology assets of RevChip, LLC ("RevChip") and TranSend Integrated Technologies Inc. ("TranSend") for a combined $7.0 million. As substantially all of the value was in the developed technology, the purchase was recognized as an asset acquisition. The Company has included the financial results of RevChip and TranSend in the consolidated financial statements from the date of acquisition, which were not material.
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Pro forma revenue | $1,382,957 | $1,361,729
Pro forma net income | $82,003 | $88,428
Pro forma income per share: |  | 
Basic | $ 0.71 | $ 0.76
Diluted | $ 0.69 | $ 0.75


Question: How much did it cost the company to acquire certain technology assets of RevChip, LLC ("RevChip") and TranSend Integrated Technologies Inc. ("TranSend")?
Answer: $7.0 million
This section highlights the Group’s transactions with its related parties, such as its subsidiaries and Key Management Personnel.
During the reporting period and previous reporting periods, Woolworths Group Limited advanced loans to, received and repaid loans from, and provided treasury, accounting, legal, taxation, and administrative services to other entities within the Group.
Entities within the Group also exchanged goods and services in sale and purchase transactions. All transactions occurred on the basis of normal commercial terms and conditions. Balances and transactions between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note.
All transactions with directors and Key Management Personnel (including their related parties) were conducted on an arm’s length basis in the ordinary course of business and under normal terms and conditions for customers and employees. Related parties of Key Management Personnel who are employees received normal employee benefits on standard terms and conditions.
The total remuneration for Key Management Personnel of the Group is as follows:
Details of equity instruments provided as compensation to Key Management Personnel and shares issued on exercise of these instruments, together with the terms and conditions of the instruments, are disclosed in the Remuneration Report.
Table:
 | 2019 | 2018
 | $ | $
Short-term employee benefits | 12,175,184 | 14,217,931
Post employment benefits | 322,733 | 297,319
Other long-term benefits | 161,569 | 139,776
Share-based payments | 9,177,425 | 6,594,300
 | 21,836,911 | 21,249,326


Question: What is the difference in the total remuneration for Key Management Personnel of the Group between 2018 and 2019?
Answer: 587585
Calculation: 21,836,911 - 21,249,326
Note 10 – Income taxes
The provision (benefit) for income taxes consists of the following:
Table:
 | For the Years Ended December 31, | 
 | 2019 | 2018
Current: |  | 
Federal | $ (27) | $ (13 )
State and local | 276 | 249
Total current | 249 | 236
Deferred | 533 | (461)
Provision (benefit) for income taxes | $ 782 | $ (225)


Question: What is the change in provision (benefit) for state and local income taxes between 2018 and 2019?
Answer: 27
Calculation: 276-249
* 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
Total expense and other (income) increased 13.7 percent in the fourth quarter with an expense-to-revenue ratio of 32.6 percent compared to 28.7 percent in the fourth quarter of 2018. The year-to-year increase was a result of higher spending (15 points) driven by Red Hat (15 points) and higher acquisitionrelated charges and amortization of acquired intangible assets associated with the Red Hat transaction (4 points), partially offset by higher divestiture gains (3 points) and lower non-operating retirement-related costs (3 points).
Total operating (non-GAAP) expense and other income increased 14.7 percent year to year primarily driven by the higher spending, partially offset by the divestiture gains, as described above.
Table:
($ in millions) |  |  | 
For the fourth quarter: | 2019 | 2018 | Yr.-to-Yr. Percent/ Margin Change*
Total consolidated expense and other (income) | $7,107 | $6,253 | 13.7%
Non-operating adjustments |  |  | 
Amortization of acquired intangible assets | (294) | (106) | 176.0
Acquisition-related charges | (27) | (13) | 104.7
Non-operating retirement related (costs)/income | (196) | (387) | (49.4)
Operating (non-GAAP) expense and other (income) | $6,591 | $5,746 | 14.7%
Total consolidated expense-to-revenue ratio | 32.6% | 28.7% | 3.9pts
Operating (non-GAAP) expense-to-revenue ratio | 30.3% | 26.4% | 3.9pts


Question: What caused the year-to-year increase in the total expenses and other (income)?
Answer: The year-to-year increase was a result of higher spending (15 points) driven by Red Hat (15 points) and higher acquisitionrelated charges and amortization of acquired intangible assets associated with the Red Hat transaction (4 points), partially offset by higher divestiture gains (3 points) and lower non-operating retirement-related costs (3 points).
General and Administrative Expense
General and administrative expense increased by $8.6 million in 2018 compared to 2017. The increase was primarily due to a $3.7 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 79 employees as of December 31, 2017 to 89 employees as of December 31, 2018. There was an additional increase of $2.8 million in depreciation and amortization, an increase of $1.5 million to support compliance as a public company, an increase of $0.4 million in software subscription cost and a $0.2 million increase in office related expenses to support the administrative team.
Table:
 | Year Ended December 31, |  | Change | 
 | 2018 | 2017 | $ | %
 |  | (dollars in thousands) |  | 
General and administrative | $ 31,462 | $ 22,895 | $ 8,567 | 37.4%
% of revenue | 21% | 22% |  | 


Question: What was the increase in the General and administrative in 2018?
Answer: $8.6 million
The following table summarizes our long-lived assets (consisting of property, plant and equipment) by geography at the end of fiscal 2019, fiscal 2018 and fiscal 2017 (in millions).
We have many suppliers of raw materials and subcontractors which provide our various materials and service needs. We generally seek to have multiple sources of supply for our raw materials and services, but, in some cases, we may rely on a single or limited number of suppliers.
Table:
 |  | March 31, | 
 | 2019 | 2018 | 2017
United States | $521.1 | $393.3 | $388.5
Thailand | 209.3 | 215.5 | 178.0
Various other countries | 266.3 | 159.1 | 116.8
Total long-lived assets | $996.7 | $767.9 | $683.3


Question: What was the percentage change in the total long-lived assets between 2018 and 2019?
Answer: 29.8
Calculation: (996.7-767.9)/767.9
Contractual Obligations
The following table summarizes contractual obligations and commitments, as of April 27, 2019:
(1) Assumes the outstanding borrowings under the revolving credit facility will be repaid upon maturity of the credit agreement in September 2023.
(2) Amounts represent estimated contractual interest payments on outstanding debt. Interest rates in effect as of April 27, 2019 are used for floating-rate debt.
We enter into agreements with suppliers to assist us in meeting our customers' production needs. These agreements vary as to duration and quantity commitments. Historically, most have been short-term agreements, which do not provide for minimum purchases, or are requirements-based contracts.
Table:
 |  |  | Payments Due By Period |  | 
(Dollars in Millions) | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
Capital Leases | $1.7 | $0.6 | $0.9 | $0.2 | $—
Operating Leases | 34.2 | 7.8 | 10.5 | 7.5 | 8.4
Debt (1) | 295.5 | 15.7 | 28.8 | 247.7 | 3.3
Estimated Interest on Debt (2) | 46.8 | 11.7 | 20.7 | 14.2 | 0.2
Deferred Compensation | 8.5 | 1.2 | 3.2 | 1.6 | 2.5
Total | $386.7 | $37.0 | $64.1 | $271.2 | $14.4


Question: What was the difference in the capital leases due from less than 1 year to those due in 1-3 years?
Answer: 0.3
Calculation: 0.9 - 0.6
General and Administrative Expense
General and administrative expense increased by $8.6 million in 2018 compared to 2017. The increase was primarily due to a $3.7 million increase in employee-related costs, which includes stock-based compensation, associated with our increased headcount from 79 employees as of December 31, 2017 to 89 employees as of December 31, 2018. There was an additional increase of $2.8 million in depreciation and amortization, an increase of $1.5 million to support compliance as a public company, an increase of $0.4 million in software subscription cost and a $0.2 million increase in office related expenses to support the administrative team.
Table:
 | Year Ended December 31, |  | Change | 
 | 2018 | 2017 | $ | %
 |  | (dollars in thousands) |  | 
General and administrative | $ 31,462 | $ 22,895 | $ 8,567 | 37.4%
% of revenue | 21% | 22% |  | 


Question: What is the change in the gross margin between 2017 and 2018?
Answer: -1
Calculation: 21 - 22
Streamlined Energy and Carbon Reporting
We have decided to voluntarily comply with the UK government’s Streamlined Energy and Carbon Reporting (SECR) policy a year early. The table below represents Unilever’s energy use and associated GHG emissions from electricity and fuel in the UK for the 2018 and 2019 reporting years (1 October to 30 September), with scope calculations aligned to the Greenhouse Gas Protocol. The scope of this data includes 8 manufacturing sites and 11 non-manufacturing sites based in the UK. The UK accounts for 5% of our global total Scope 1 and 2 emissions, outlined in our mandatory GHG reporting also on this page.
(a) Fleet and associated diesel use excluded. Transportation is operated by a
third party and accounted for under Scope 3.
(b) Carbon emission factors for grid electricity calculated according to the marketbased method'
For further information on energy efficiency measures taken to reduce our carbon
emissions, please see page 19.
Table:
K operations | 2019 | 2018
Biogas (MWh) | 17,045 | 15,958
Natural gas (MWh) | 238,081 | 278,849
PG (MWh) | 866 | 1,513
Fuel oils (MWh) | 580 | 648
Coal (MWh) | 0 | 0
Electricity (MWh) | 195,796 | 196,965
Heat and steam (MWh) | 212,482 | 272,985
Total energy (MWh)(a) | 408,280 | 469,950
Total Scope 1 emissions (tonnes CO2e) | 48,178 | 56,533
Total Scope 2 emissions (tonnes COe)(b)2 | 702 | 3,067


Question: How is the carbon emission factor for grid calculated?
Answer: Carbon emission factors for grid electricity calculated according to the marketbased method'
j a c k h e n r y . c o m 1 5 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the company 2019s common stock is quoted on the nasdaq global select market ( 201cnasdaq 201d ) under the symbol 201cjkhy 201d . the company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time . the declaration and payment of any future dividends will continue to be at the discretion of our board of directors and will depend upon , among other factors , our earnings , capital requirements , contractual restrictions , and operating and financial condition . the company does not currently foresee any changes in its dividend practices . on august 15 , 2019 , there were approximately 145300 holders of the company 2019s common stock , including individual participants in security position listings . on that same date the last sale price of the common shares as reported on nasdaq was $ 141.94 per share . issuer purchases of equity securities the following shares of the company were repurchased during the quarter ended june 30 , 2019 : total number of shares purchased ( 1 ) average price of total number of shares purchased as part of publicly announced plans ( 1 ) maximum number of shares that may yet be purchased under the plans ( 2 ) .

Table:
 | total number of shares purchased ( 1 ) | average price of share | total number of shares purchased as part of publicly announced plans ( 1 ) | maximum number of shares that may yet be purchased under the plans ( 2 )
april 1- april 30 2019 | 2014 | $ 2014 | 2014 | 3732713
may 1- may 31 2019 | 250000 | $ 134.35 | 250000 | 3482713
june 1- june 30 2019 | 2014 | $ 2014 | 2014 | 3482713
total | 250000 | $ 134.35 | 250000 | 3482713
( 1 ) 250000 shares were purchased through a publicly announced repurchase plan .
there were no shares surrendered to the company to satisfy tax withholding obligations in connection with employee restricted stock awards .
( 2 ) total stock repurchase authorizations approved by the company 2019s board of directors as of february 17 , 2015 were for 30.0 million shares .
these authorizations have no specific dollar or share price targets and no expiration dates. .

Question: what was the percentage of the shares purchase of the maximum number of shares that may yet be purchased under the plans
Answer: 7.2%
Calculation: divide(250000, 3482713)
Note 4 – Property, Plant and Equipment, net
Property, plant and equipment consisted of the following:
Table:
 |  | December 31,
 | 2019 | 2018
Land | $ 1,565 | $ 1,747
Buildings and improvements | 17,332 | 17,520
Machinery and equipment | 30,670 | 29,692
Vehicles | 778 | 937
Office equipment | 851 | 838
Construction in process | 362 | 546
 | 51,558 | 51,280
Less accumulated depreciation | (29,284 ) | (26,707 )
Total property, plant and equipment, net | $ 22,274 | $ 24,573


Question: Which year has a higher total property, plant and equipment, net value?
Answer: 2018
Calculation: Compare the value of the total property, plant and equipment, net value between the years
NOTE 5—PROPERTY AND EQUIPMENT, NET
Property and equipment, net, consists of the following as of December 31, 2019 and 2018:
Depreciation for the years ended December 31, 2019 and December 31, 2018 was $870,000 and $704,000, respectively. Cost basis of assets disposed for the years ended December 31, 2019 and December 31, 2018 was $31,000 and $773,000, respectively. The disposals in 2018 were primarily a result of relocating our corporate offices and writing off the fully amortized leasehold improvements related to our former office.
Table:
 | 2019 | 2018
Cost: |  | 
Computers, peripheral and scientific equipment | $1,654,000 | $1,350,000
Software | 2,131,000 | 1,749,000
Leasehold improvements | 310,000 | 294,000
Office furniture and equipment | 424,000 | 391,000
 | 4,519,000 | 3,784,000
Less: Accumulated depreciation and amortization | (2,634,000 ) | (1,797,000 )
Property and equipment, net | $ 1,885,000 | $1,987,000


Question: What are the components recorded under cost?
Answer: Computers, peripheral and scientific equipment, Software, Leasehold improvements, Office furniture and equipment