hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Free cashflow
The Group achieved another year of strong cashflow performance with operating cashflow for FY19 of $836.3m again exceeding EBITDA. Tax payments in FY19 were significantly lower than the prior year because FY18 included tax paid on the capital gain realised on the sale of investments in FY17.
Capital expenditure
Business as usual (‘BAU’) capital expenditure of $198.7m was $59.3m lower than last year principally due to the substantial completion in the prior year of the build for the VHA fibre contract.
Mobile spectrum capex of $352.4m in FY19 reflects the payment during the year of the second instalment for the Australian 700MHz spectrum acquired at auction in April 2017. The first instalment of $597.3m was paid in FY18 and the third and final instalment of $352.4m is payable in January 2020. A further $86.1m of capex was also incurred in FY19 in relation to the Australian mobile network rollout up until the project ceased. This expenditure on spectrum and mobile assets in Australia was partly impaired as part of the impairment review that was undertaken following the cessation of the project as described above.
Capex for the mobile network build in Singapore in FY19 was $80.1m taking the aggregate capex incurred on the project up to $147m (excluding spectrum).
Table:
 | FY19 | FY18
 | $m | $m
Operating cashflow | 836.3 | 868.3
Tax | (128.6) | (194.5)
IRU / finance lease payments | (5.5) | (34.1)
Capex - BAU | (198.7) | (258.0)
Capex - mobile spectrum | (352.4) | (597.3)
Capex - mobile networks (Aus) | (86.1) | (38.7)
Capex - mobile networks (Sg) | (80.1) | (62.3)
Free cashflow | (15.1) | (316.6)


Question: How much capital expenditure was incurred on the Singapore project prior to FY19?
Answer: 66.9
Calculation: 147 - 80.1
5. Software Development and Intellectual Property Licenses
The following table summarizes the components of our capitalized software development costs (amounts in millions):
As of both December 31, 2019 and December 31, 2018, capitalized intellectual property licenses were not material.
Table:
 | At December 31, | 
 | 2019 | 2018
Internally-developed software costs | $345 | $291
Payments made to third-party software developers | 31 | 38
Total software development costs | $376 | $329


Question: What was the change in Internally-developed software costs between 2018 and 2019?
Answer: 54
Calculation: $345-$291
NOTE 9. GOODWILL AND INTANGIBLES
A summary of goodwill activity follows (in thousands).
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Goodwill, beginning of period | $       3,178 | $           -
Golden Ridge acquisition | - | 3,178
MGI acquistion | 737 | -
Goodwill, end of period | $3,915 | $3,178


Question: What is the difference in goodwill between the acquisitions made in 2018 and 2019?
Answer: 2441
Calculation: 3,178 - 737
Effect of ASC 606 as of December 31, 2018 and for the Year Ended December 31, 2018
The following table summarizes the effect of adopting ASC 606 on our Consolidated Balance Sheet (in millions):
Table:
 | As reported December 31, 2018 | Effect of ASC 606 adoption | Amounts without adoption of ASC 606 December 31, 2018
Trade receivables, net | $172.3 | $6.9 | $179.2
Prepaid expenses and other current assets | 67.3 | (14.4) | 52.9
Receivables from related parties | 6.2 | 4.8 | 11.0
Computer software, net | 405.6 | (3.7) | 401.9
Deferred contract costs, net | 161.3 | (17.2) | 144.1
Other non-current assets | 125.6 | (7.0) | 118.6
Total assets | 3,653.4 | (30.6) | 3,622.8
Deferred revenues (current) | 52.9 | 4.1 | 57.0
Deferred revenues (non-current) | 106.8 | (4.3) | 102.5
Deferred income taxes | 220.9 | (8.1) | 212.8
Total liabilities | 1,866.9 | (8.3) | 1,858.6
Retained earnings | 381.1 | (22.3) | 358.8
Total equity | 1,786.5 | (22.3) | 1,764.2
Total liabilities and equity | 3,653.4 | (30.6) | 3,622.8


Question: What was the difference the effect of ASC 606 Adoption between Total Assets and Total Liabilities?
Answer: 22.3
Calculation: -8.3-(-30.6)
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 was the average trading profit for 2017/18 and 2018/19?
Answer: 125.75
Calculation: (128.5 + 123.0) / 2
Assets and Liabilities Measured at Fair Value
The following table presents our assets and liabilities measured at fair value on a recurring or non-recurring basis at December 31,
2019:
The carrying amount of money market funds approximates fair value as of each reporting date because of the short maturity of those
instruments.
The Company did not have any non-financial assets or non-financial liabilities that were recognized or disclosed at fair value as of
December 31, 2019.
Table:
 | Level 1 | Level 2 | Level 3
 | (In thousands) |  | 
Assets |  |  | 
Cash equivalents: Money market funds | $256,915 | $ - | $ -
Other current assets: |  |  | 
Indemnification - Sale of SSL | $ - | $ - | $ 598
Liabilities |  |  | 
Long term liabilities: |  |  | 
Indemnification - Globalstar do Brasil S.A. | $ - | $ - | $145


Question: What is the fair value of the company's total assets as at December 31, 2019?
Answer: 257513
Calculation: $256,915 + $598
The following table reconciles the theoretical corporation tax expense to the reported tax expense using the UK corporation tax rate. The reconciling items represent the impact of rate differentials in tax jurisdictions and the impact of non-taxable benefits and non-deductible expenses arising from differences between the local tax base and the reported Financial Statements.
The Group’s taxation strategy is published at www.sophos.com/en-us/medialibrary/PDFs/legal/sophos-group-tax-poli
The Group’s taxation strategy is published at www.sophos.com/en-us/medialibrary/PDFs/legal/sophos-group-tax-policyfy19. pdf and is aligned to its business strategy and operational needs. Oversight of taxation is within the remit of the Audit and Risk Committee. The Chief Financial Officer is responsible for tax strategy supported by a global team of tax professionals. Sophos strives for an open and transparent relationship with all revenue authorities and is vigilant in ensuring that the Group complies with current tax legislation. The Group proactively seeks to agree arm’s length pricing with tax authorities to mitigate tax risks of significant cross-border operations. The Group actively engages with policy makers, tax administrators, industry bodies and international institutions to provide informed input on proposed tax measures, so that it and they can understand how those proposals would affect the Group. However, a tax authority may seek adjustment to the filing position adopted by a Group company and it is accepted that interpretation of complex regulations may lead to additional tax being assessed. Uncertain tax positions are monitored regularly and a provision made in the accounts where appropriate.
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018 Restated See note 2
 | $M | $M
Profit / (loss) for the year before taxation | 53.6 | (41.0)
Loss for the year before taxation multiplied by the standard rate of corporation tax in the UK of 19% (2018: 19%) | 10.2 | (7.7)
Effects of: |  | 
Adjustments in respect of previous years | 0.8 | 7.1
Change in tax rate during the year | 1.4 | 3.6
Expenses not deductible for tax purposes | 11.8 | 9.4
Losses not recognised | (0.9) | –
Higher tax rates on overseas earnings | 7.7 | 3.8
Research and development and other tax credits | (1.9) | (0.6)
Impact of US tax reform on deferred tax | – | 5.4
Other movements | (2.4) | (1.1)
Charge for taxation on profit / (loss) for the year | 26.7 | 19.9


Question: In which years was the Charge for taxation on profit for the year recorded?
Answer: 2019, 2018
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Key details of the term loan are as follows:
(1) The principal balance of the term loan is scheduled to be repaid on a quarterly basis at an amortization rate of 0.25% per quarter through December 31, 2024, with the balance due at maturity. For each of the next five years, principal repayments on the term loan are expected to be $4,000.
(2) For the years ended December 31, 2019 and 2018, debt discount of $613 and $593, respectively, and debt issuance costs of $1,062
and $1,091, respectively, were amortized into interest expense in the Consolidated Statements of Operations. Giving effect to the
amortization of debt discount and debt issuance costs on the term loan, the effective interest rates were 5.95% and 5.99% during the
years ended December 31, 2019 and 2018, respectively.
Table:
 | December 31, | 
 | 2019 | 2018
Term loan, face value(1) | $393,000 | $397,000
Unamortized debt discount (2) | (3,115) | (3,728)
Unamortized debt issuance costs(2) | (5,388) | (6,450)
Term loan | $384,497 | $386,822


Question: How many years did the face value of term loan exceed $300,000 thousand?
Answer: 2
Calculation: 2019##2018
The Company sells its products to distributors and original equipment manufacturers (OEMs) in a broad range of market segments, performs on-going credit evaluations of its customers and, as deemed necessary, may require collateral, primarily letters of credit. The Company's operations outside the U.S. consist of product assembly and final test facilities in Thailand, and sales and support centers and design centers in certain foreign countries. Domestic operations are responsible for the design, development and wafer fabrication of products, as well as the coordination of production planning and shipping to meet worldwide customer commitments. The Company's Thailand assembly and test facility is reimbursed in relation to value added with respect to assembly and test operations and other functions performed, and certain foreign sales offices receive compensation for sales within their territory. Accordingly, for financial statement purposes, it is not meaningful to segregate sales or operating profits for the assembly and test and foreign sales office operations. Identifiable long-lived assets (consisting of property, plant and equipment net of accumulated amortization) by geographic area are as follows (in millions):
Sales to unaffiliated customers located outside the U.S., primarily in Asia and Europe, aggregated approximately 80% of consolidated net sales for fiscal 2019 and approximately 85% and 84% of net sales during fiscal 2018 and fiscal 2017, respectively. Sales to customers in Europe represented approximately 23% of consolidated net sales for fiscal 2019 and approximately 24% of consolidated net sales for each of fiscal 2018 and fiscal 2017. Sales to customers in Asia represented approximately 52% of consolidated net sales for fiscal 2019 and approximately 58% of consolidated net sales for each of fiscal 2018 and 2017. Within Asia, sales into China represented approximately 22%, 30% and 32% of consolidated net sales for fiscal 2019, 2018 and 2017, respectively. Sales into Taiwan represented approximately 13%, 11% and 9% of consolidated net sales for fiscal 2019, 2018 and 2017, respectively. Sales into any other individual foreign country did not exceed 10% of the Company's net sales for any of the three years presented.
With the exception of Arrow Electronics, the Company's largest distributor, which made up 10% of net sales, no other distributor or end customer accounted for more than 10% of net sales in fiscal 2019. In fiscal 2018 and fiscal 2017, no distributor or end customer accounted for more than 10% of net sales.
Table:
 | March 31, | 
 | 2019 | 2018
United States | $521.1 | $393.3
Thailand | 209.3 | 215.5
Various other countries | 266.3 | 159.1
Total long-lived assets | $996.7 | $767.9


Question: What was the percentage change in total long-lived assets between 2018 and 2019?
Answer: 29.8
Calculation: (996.7-767.9)/767.9
30. EMPLOYEE BENEFIT PLANS (cont.)
The fair value of the plan assets were allocated as follows between the various types of investments:
Plan assets are valued at the measurement date of December 31 each year.
The investments are made in accordance with the Statement of Investment Policies and Procedures. The Statement of Investment Policies and Procedures is reviewed on an annual basis by the Management Level Pension Fund Investment Committee with approval of the policy being provided by the Audit Committee.
Table:
As at December 31, | 2019 | 2018
Equity securities |  | 
Canada | 22.3% | 20.8%
United States | 19.8% | 12.7%
International (other than United States) | 14.1% | 18.1%
Fixed income instruments |  | 
Canada | 41.2% | 45.7%
Cash and cash equivalents |  | 
Canada | 2.6% | 2.7%


Question: What is the total percentage of plan asset fair value allocated to fixed income instruments in 2018 and 2019?
Answer: 86.9
Calculation: 41.2% + 45.7%
Capital reserve and reserves retained from earnings
Prior to the effective date of the reclassification and demerger of CECONOMY AG on 12 July 2017, METRO AG was not yet a group within the meaning of IFRS 10. Accordingly, combined financial statements of METRO Wholesale & Food Specialist GROUP (hereinafter: MWFS GROUP) were prepared for the IPO prospectus of METRO AG. Equity in the combined financial statements was the residual amount from the combined assets and liabilities of MWFS GROUP. Following the demerger, METRO became an independent group with METRO AG as the listed parent company. Therefore, the equity in the consolidated financial statements is subdivided according to legal requirements. The subscribed capital of €363 million and the capital reserve of €6,118 million were recognised at the carrying amounts from the METRO AG Annual Financial Statements as of 30 September 2017. For this purpose, a transfer was made from the equity item net assets, recognised as of 1 October 2016, attributable to the former METRO GROUP of the combined financial statements of MWFS GROUP. The remaining negative amount of this equity item was reclassified to reserves retained from earnings. It cannot be traced back to a history of loss.
Reserves retained from earnings can be broken down as follows:
1 Previous year: gains/losses on remeasuring financial instruments in the category ‘available for sale’.
2 Adjustment of previous year according to explanation in notes.
Table:
€ million | 30/9/2018 | 30/9/2019
Effective portion of gains/losses from cash flow hedges | 0 | 2
Equity and debt instruments1 | 9 | −3
Currency translation differences from translating the financial statements of foreign operations | −738 | −602
Remeasurement of defined benefit pension plans | −410 | −500
Income tax on components of other comprehensive income | 91 | 106
Other reserves retained from earnings | −2,401 2 | −2,782
 | −3,449 | −3,778


Question: What was the percentage change in the Income tax on components of other comprehensive income in FY2019 from FY2018?
Answer: 16.48
Calculation: (106-91)/91
Long-term Incentive Program Performance Share Awards
During the year ended December 31, 2017, pursuant to the Company’s 2016 Incentive Plan, the Company granted long-term incentive program performance share awards (“LTIP performance shares”). These LTIP performance shares are earned, if at all, based upon the achievement, over a specified period that must not be less than one year and is typically a three-year performance period, of performance goals related to (i) the compound annual growth over the performance period in the sales for the Company as determined by the Company, and (ii) the cumulative operating income or EBITDA over the performance period as determined by the Company. Up to 200% of the LTIP performance shares may be earned upon achievement of performance goals equal to or exceeding the maximum target levels for the performance goals over the performance period. On a quarterly basis, management
A summary of the nonvested LTIP performance shares is as follows:
During the year ended December 31, 2019, the Company revised the expected attainment rates for outstanding LTIP performance shares due to changes in forecasted sales and operating income, resulting in additional stock-based compensation expense of approximately $3.7 million.
Table:
 | Number of Shares at Expected Attainment | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2018 | 540,697 | $19.83
Forfeited | -56,567 | 18.80
Change in expected attainment | 185,339 | 20.09
Nonvested at December 31, 2019 | 669,469 | $20.12


Question: What was the number of nonvested shares at expected attainment in 2019?
Answer: 669,469
Unrecognized Tax Benefits
The Company operates in multiple jurisdictions throughout the world and the income tax returns of its subsidiaries in various jurisdictions are subject to periodic examination by the tax authorities. The Company regularly assesses the status of these  examinations and the various outcomes to determine the adequacy of its provision for income taxes. The amount of gross unrecognized tax benefits totaled $3.1 million and $1.4 million at April 27, 2019 and April 28, 2018, respectively. These amounts represent the amount of unrecognized benefits that, if recognized, would favorably impact the effective tax rate if resolved in the Company’s favor.
The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:
At April 27, 2019, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits in the next twelve months.
The U.S. federal statute of limitations remains open for fiscal years ended on or after 2016 and for state tax purposes on or after fiscal year 2013. Tax authorities may have the ability to review and adjust net operating losses or tax credits that were generated prior to these fiscal years. In the major foreign jurisdictions, fiscal 2012 and subsequent periods remain open and subject to examination by taxing authorities.
The continuing practice of the Company is to recognize interest and penalties related to income tax matters in the provision for income taxes. The Company had $0.1 million accrued for interest and no accrual for penalties at April 27, 2019.
Table:
(Dollars in Millions) | April 27, 2019 | April 28, 2018
Balance at Beginning of Fiscal Year | $1.4 | $1.3
Increases for Positions Related to the Prior Years | 1.8 | —
Increases for Positions Related to the Current Year | 0.9 | 0.1
Decreases for Positions Related to the Prior Years | — | —
Lapsing of Statutes of Limitations | (1.0) | —
Balance at End of Fiscal Year | $3.1 | $1.4


Question: In which year was Balance at End of Fiscal Year less than 2.0 million?
Answer: 2018
Calculation: locate and analyze Balance at End of Fiscal Year in row 8
Item 6. Selected Financial Data
The following selected data is derived from our Consolidated Financial Statements. This data should be read in conjunction with the Consolidated Financial Statements and notes thereto incorporated into Item 8, “Financial Statements and Supplementary Data” and with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
(2) Working capital is defined as current assets minus current liabilities.
Table:
 |  |  | August 31, |  | 
 | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  | (in thousands) |  | 
Consolidated Balance Sheets Data: |  |  |  |  | 
Working capital(2) | $(187,020) | $319,050 | $(243,910) | $280,325 | $191,168
Total assets | $12,970,475 | $12,045,641 | $11,095,995 | $10,322,677 | $9,591,600
Current installments of notes payable and long-term debt | $375,181 | $25,197 | $444,255 | $44,689 | $321,964
Notes payable and long-term debt, less current installments | $2,121,284 | $2,493,502 | $1,606,017 | $2,046,655 | $1,308,663
Total Jabil Inc. stockholders’ equity | $1,887,443 | $1,950,257 | $2,353,514 | $2,438,171 | $2,314,856
Common stock shares outstanding | 153,520 | 164,588 | 177,728 | 186,998 | 192,068


Question: What was the change in Current installments of notes payable and long-term debt between 2018 and 2019?
Answer: 349984
Calculation: $375,181-$25,197
2 Investments in subsidiaries
Investments are stated at cost less provisions for any impairment in value.
Additions in the year relate to investments in Gestra Holdings Limited £1.6m and Spirax Sarco America Investments Limited £212.4m. Spirax Sarco America Investments Limited was incorporated on 24th October 2018 with the purpose of holding Group US$ investments and loans. Gestra Holdings Limited was incorporated on 9th October 2018 with the purpose of holding other Gestra Companies.
Details relating to subsidiary undertakings are given on pages 207 to 211. Except where stated all classes of shares were 100% owned by the Group at 31st December 2019. The country of incorporation of the principal Group companies is the same as the country of operation with the exception of companies operating in the United Kingdom which are incorporated in Great Britain. All operate in steam, electrical thermal energy solutions, fluid path technologies or peristaltic pumping markets except those companies identified as a holding company on pages 207 to 211.
Table:
 | 2019 | 2018
 | £m | £m
Cost: |  | 
At 1st January | 445.8 | 269.4
Share options issued to subsidiary company employees | 2.2 | 2.6
Additions | 214.0 | 173.8
At 31st December | 662.0 | 445.8


Question: What is the country of incorporation of the principal Group companies?
Answer: the same as the country of operation with the exception of companies operating in the United Kingdom which are incorporated in Great Britain