hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The Group’s revenue mainly comprises the sale of goods in-store and online, and hospitality and leisure services. Revenue is recognised when control of the goods has transferred to the customer or when the service is provided at an amount that reflects the consideration to which the Group expects to be entitled.
For sale of goods in-store, control of the goods transfers to the customer at the point the customer purchases the goods in-store. For sale of goods online, control of the goods transfers to the customer at the point the goods are delivered to, or collected by, the customer. Where payment for the goods is received prior to control transferring to the customer, revenue recognition is deferred in contract liabilities within trade and other payables in the Consolidated Statement of Financial Position until the goods have been delivered to, or collected by, the customer.
Woolworths Rewards points granted by the Group provide customers with a material right to a discount on future purchases. The amounts allocated to Woolworths Rewards points are deferred in contract liabilities within trade and other payables in the Consolidated Statement of Financial Position until redeemed by the customer.
Table:
 | 2019 | 2018
 | 53 WEEKS | 52 WEEKS
 | $M | $M
Sale of goods in-store | 54,720 | 52,533
Sale of goods online | 2,534 | 1,883
Leisure and hospitality services | 1,671 | 1,612
Other | 1,059 | 916
Total | 59,984 | 56,944


Question: What is the difference in value for sale of goods online between 2019 and 2018?
Answer: 651
Calculation: 2,534 - 1,883
Contractual Obligations and Commercial Commitments
We lease office space and equipment under operating leases that run through October 2028. Additionally, we have entered into a Credit Agreement that matures in April 2024 and have issued Senior Notes that mature in August 2026.
Contractual obligations as of December 31, 2019, are as follows (in thousands):
(1) Based on the Term Loans debt outstanding and interest rate in effect at December 31, 2019, of 4.05%.
(2) Based on Revolving Credit Facility debt outstanding and interest rate in effect at December 31, 2019, of 3.99%.
(3) Based on 2026 Notes issued of $400.0 million with an annual interest rate of 5.750%.
(4) During the year ended December 31, 2019, we financed certain multi-year license agreements for internal-use software for $10.4 million with annual payments through April 1, 2022. As of December 31, 2019, $13.8 million is outstanding under these and other agreements previously entered into, of which $6.0 million and $7.8 million is included in other current liabilities and other noncurrent liabilities, respectively, in our Consolidated Balance Sheet in Part IV, Item 15 of this Form 10-K as of December 31, 2019.
We are unable to reasonably estimate the ultimate amount or timing of settlement of our reserves for income taxes under ASC 740, Income Taxes. The liability for unrecognized tax benefits at December 31, 2019, is $29.0 million.
Table:
 |  |  | Payments Due by Period |  | 
 | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
Operating lease obligations | $ 70,284 | $ 17,180 | $ 23,116 | $ 12,738 | $ 17,250
Term loans | 756,060 | 38,950 | 89,381 | 627,729 | —
Term loans interest (1) | 117,168 | 30,025 | 55,232 | 31,911 | —
Revolving credit facility | 239,000 | — | — | 239,000 | —
Revolving credit facility interest (2) | 40,528 | 9,536 | 19,072 | 11,920 | —
Senior notes | 400,000 | — | — | — | 400,000
Senior notes interest (3) | 149,500 | 23,000 | 46,000 | 46,000 | 34,500
Financed internal-use software (4) | 13,822 | 5,974 | 7,848 | — | —
Total | $1,786,362 | $124,665 | $240,649 | $969,298 | $451,750


Question: What was the total term loans interest?
Answer: 117,168
The following table summarizes restricted stock-based award activity, including service-based awards and performance-based awards, granted pursuant to Oracle-based stock plans and stock plans assumed from our acquisitions for our last three fiscal years ended May 31, 2019 :
The total grant date fair value of restricted stock-based awards that were vested and issued in fiscal 2019, 2018 and 2017 was $1.3 billion, $1.0 billion and $715 million, respectively. As of May 31, 2019, total unrecognized stock-based compensation expense related to non-vested restricted stock-based awards was $2.8 billion and is expected to be recognized over the remaining weighted-average vesting period of 2.68 years.
No PSUs were granted in each of fiscal 2019 and 2018. In fiscal 2017, 1.7 million PSUs were granted which vest upon the attainment of certain performance metrics and service-based vesting. Based upon actual attainment relative to the “target” performance metric, certain participants have the ability to be issued up to 150% of the target number of PSUs originally granted, or to be issued no PSUs at all. In fiscal 2019, 2.4 million PSUs vested and 1.3 million PSUs remained outstanding as of May 31, 2019.
Table:
 |  | Restricted Stock-Based Awards Outstanding
(in millions, except fair value) | Number of Shares | Weighted-Average Grant Date Fair Value
Balance, May 31, 2016 | 52 | $39.29
Granted | 42 | $39.40
Assumed | 14 | $37.83
Vested and Issued | (18) | $40.39
Canceled | (7) | $39.73
Balance, May 31, 2017 | 83 | $39.18
Granted | 44 | $47.42
Vested and Issued | (27) | $39.10
Canceled | (11) | $41.97
Balance, May 31, 2018 | 89 | $42.93
Granted | 53 | $42.47
Vested and Issued | (31) | $41.85
Canceled | (12) | $42.97
Balance, May 31, 2019 | 99 | $43.01


Question: How many PSUs were granted in fiscal 2019?
Answer: No PSUs were granted in each of fiscal 2019 and 2018.
2. Employees
Please refer to the Report on Directors’ remuneration on pages 77 to 101 and note 38 of Notes to the consolidated financial statements on page 161 for disclosures relating to the emoluments, share incentives and long-term incentive interests and pensions of the Directors.
The average number of people employed by the Company during the year was:
Table:
 | 2019 | 2018
 | Number | Number
Manufacturing | 40 | 37
Product development | 54 | 50
Selling and marketing | 52 | 45
Administration | 32 | 30
 | 178 | 162


Question: What was the average number of people employed by the Company in 2019?
Answer: 178
(a) Description of segments and principal activities (continued)  The Group also conducts operations in the United States of America (“United States”), Europe and other regions, and holds investments (including investments in associates, investments in joint ventures, FVPL and FVOCI) in various territories. The geographical information on the total assets is as follows:
As at 31 December 2019, the total non-current assets other than financial instruments and deferred tax assets located in Mainland China and other regions amounted to RMB311,386 million (31 December 2018: RMB282,774 million) and RMB136,338 million (31 December 2018: RMB65,057 million), respectively.
All the revenues derived from any single external customer were less than 10% of the Group’s total revenues during the years ended 31 December 2019 and 2018.
Table:
 | As at 31 December | 
 | 2019 | 2018
 | RMB’Million | RMB’Million
Operating assets |  | 
– Mainland China | 345,721 | 270,373
– Others | 168,714 | 83,962
Investments |  | 
– Mainland China and Hong Kong | 289,491 | 254,992
– North America | 76,488 | 44,835
– Europe | 29,707 | 37,451
– Asia excluding Mainland China and Hong Kong | 40,139 | 30,148
– Others | 3,726 | 1,760
 | 953,986 | 723,521


Question: How much did the total non-current assets other than financial instruments as at 31 December 2019 amount to?
Answer: RMB311,386 million
s c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2009 , 2008 , and 2007 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to .

Table:
for the years ended december 31 2009 2008 and 2007 ( in millions of u.s . dollars except for percentages ) | direct amount | ceded to other companies | assumed from other companies | net amount | percentage of amount assumed to net
2009 | $ 15415 | $ 5943 | $ 3768 | $ 13240 | 28% ( 28 % )
2008 | $ 16087 | $ 6144 | $ 3260 | $ 13203 | 25% ( 25 % )
2007 | $ 14673 | $ 5834 | $ 3458 | $ 12297 | 28% ( 28 % )
.

Question: what percent of the direct amount is ceded to other companies in 2009 , ( in millions ) ?
Answer: 38.6%
Calculation: divide(5943, 15415)
Stock Options
The following table summarizes activity involving stock option awards for the year ended December 31, 2019:
The aggregate intrinsic value of our options outstanding and exercisable at December 31, 2019 was less than $1 million. The weighted-average remaining contractual term for such options was 0.18 years.
During 2019, we received net cash proceeds of less than $1 million in connection with our option exercises. The tax benefit realized from these exercises was less than $1 million. The total intrinsic value of options exercised for the years ended December 31, 2019, 2018 and 2017, was less than $1 million each year.
Table:
 | Number of options | Weighted-Average Exercise Price
 | (in thousands) | 
Outstanding and Exercisable at December 31, 2018 | 543 | $27.46
Exercised | (6) | 11.38
Forfeited/Expired | (68) | 24.78
Outstanding and Exercisable at December 31, 2019 | 469 | 28.04


Question: What is the change in the number of options outstanding and exercisable in 2019 from 2018?
Answer: -74
Calculation: 469-543
REVENUE
(1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1.2773 USD/CDN.
Fiscal 2019 revenue increased by 8.6% (6.8% in constant currency) resulting from: • a growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in revenue for only an eight-month period in the prior year combined with strong organic growth and the acquisition of the south Florida fibre network previously owned by FiberLight, LLC (the "FiberLight acquisition"); partly offset by • a decrease in the Canadian broadband services segment mainly as a result of: ◦ a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales.
For further details on the Corporation’s revenue, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, |  |  |  |  | 
(in thousands of dollars, except percentages) | 2019 (1) $ | 2018 (2) $ | Change % | Change in constant currency (3) % | Foreign exchange impact (3) $
Canadian broadband services | 1,294,967 | 1,299,906 | (0.4) | (0.4) | -
American broadband services | 1,036,853 | 847,372 | 22.4 | 17.9 | 37,433
Inter-segment eliminations and other | - | 126 | (100.0) | (100.0) | -
 | 2,331,820 | 2,147,404 | 8.6 | 6.8 | 37,433


Question: What was the Canadian broadband services in 2019?
Answer: 1,294,967
3. CASH, CASH EQUIVALENTS AND MARKETABLE SECURITIES
Cash and cash equivalents primarily consist of deposits held at major banks, Tier-1 commercial paper debt securities and other securities with original maturities of 90 days or less. Marketable securities consist of Tier-1 commercial paper debt securities, corporate debt securities and certain other securities.
The amortized principal amounts of our cash, cash equivalents and marketable securities approximated their fair values at May 31, 2019 and 2018. We use the specific identification method to determine any realized gains or losses from the sale of our marketable securities classified as available-for-sale. Such realized gains and losses were insignificant for fiscal 2019, 2018 and 2017. The following table summarizes the components of our cash equivalents and marketable securities held, substantially all of which were classified as available-for-sale:
As of May 31, 2019 and 2018, approximately 33% and 26%, respectively, of our marketable securities investments mature within one year and 67% and 74%, respectively, mature within one to four years. Our investment portfolio is subject to market risk due to changes in interest rates. As described above, we limit purchases of marketable debt securities to investment-grade securities, which have high credit ratings and also limit the amount of credit exposure to any one issuer. As stated in our investment policy, we are averse to principal loss and seek to preserve our invested funds by limiting default risk and market risk.
Restricted cash that was included within cash and cash equivalents as presented within our consolidated balance sheets as of May 31, 2019 and 2018 and our consolidated statements of cash flows for the years ended May 31, 2019, 2018 and 2017 was nominal.
Table:
 | May 31, | 
(in millions) | 2019 | 2018
Corporate debt securities and other | $22,242 | $44,302
Commercial paper debt securities | — | 1,647
Money market funds | 5,700 | 6,500
Total investments | $27,942 | $52,449
Investments classified as cash equivalents | $10,629 | $6,808
Investments classified as marketable securities | $17,313 | $45,641


Question: What do cash and cash equivalents primarily consist of?
Answer: Cash and cash equivalents primarily consist of deposits held at major banks, Tier-1 commercial paper debt securities and other securities with original maturities of 90 days or less.
Accumulated Other Comprehensive Loss-Recognition and Deferrals
The following table presents cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2018, items recognized as a component of net periodic benefits expense in 2019, additional items deferred during 2019 and cumulative items not recognized as a component of net periodic benefits expense as of December 31, 2019. The items not recognized as a component of net periodic benefits expense have been recorded on our consolidated balance sheets in accumulated other comprehensive loss:
Table:
 |  |  | As of and for the Years Ended December 31, |  | 
 | 2018 | Recognition of Net Periodic Benefits Expense | Deferrals | Net Change in AOCL | 2019
 |  |  | (Dollars in millions) |  | 
Accumulated other comprehensive loss: |  |  |  |  | 
Pension plans: |  |  |  |  | 
Net actuarial (loss) gain | $(2,973) | 224 | (297) | (73) | (3,046)
Prior service benefit (cost) | 46 | (8) | 9 | 1 | 47
Deferred income tax benefit (expense) | 754 | (53) | 69 | 16 | 770
Total pension plans | (2,173) | 163 | (219) | (56) | (2,229)
Post-retirement benefit plans: |  |  |  |  | 
Net actuarial (loss) gain | 7 | — | (182) | (182) | (175)
Prior service (cost) benefit | (87) | 16 | — | 16 | (71)
Deferred income tax benefit (expense) | 22 | (4) | 44 | 40 | 62
Total post-retirement benefit plans | (58) | 12 | (138) | (126) | (184)
Total accumulated other comprehensive loss | $(2,231) | 175 | (357) | (182) | (2,413)


Question: What is the percentage change in the deferred income tax benefit (expense) for pension plans in 2019 from 2018?
Answer: 2.12
Calculation: (770-754)/754
Note 35 Adoption of IFRS 16
Upon adoption of IFRS 16 on January 1, 2019, we recognized right-of-use assets of $2,257 million within property, plant and equipment, and lease liabilities of $2,304 million within debt, with an increase to our deficit of $19 million. These amounts were recognized in addition to assets under finance leases of $1,947 million and the corresponding finance lease liabilities of $2,097 million at December 31, 2018 under IAS 17. As a result, on January 1, 2019, our total right-of-use assets and lease liabilities amounted to $4,204 million and $4,401 million, respectively. The table below shows the impacts of adopting IFRS  16 on our January 1, 2019 consolidated statement of financial position.
BCE’s operating lease commitments at December 31, 2018 were $1,612 million. The difference between operating lease commitments at December 31, 2018 and lease liabilities of $2,304 million upon adoption of IFRS 16 at January 1, 2019, is due mainly to an increase of $1,122 million related to renewal options reasonably certain to be exercised, an increase of $112 million mainly related to non-monetary transactions and a decrease of ($542) million as a result of discounting applied to future lease payments, which was determined using a weighted average incremental borrowing rate of 3.49% at January 1, 2019.
Table:
 | DECEMBER 31, 2018 AS REPORTED | IFRS 16 IMPACTS | JANUARY 1, 2019 UPON ADOPTION OF IFRS 16
Prepaid expenses | 244 | (55) | 189
Other current assets | 329 | 9 | 338
Property, plant and equipment | 24,844 | 2,257 | 27,101
Other non-current assets | 847 | 17 | 864
Trade payables and other liabilities | 3,941 | (10) | 3,931
Debt due within one year | 4,645 | 293 | 4,938
Long-term debt | 19,760 | 2,011 | 21,771
Deferred tax liabilities | 3,163 | (7) | 3,156
Other non-current liabilities | 997 | (39) | 958
Deficit | (4,937) | (19) | (4,956)
Non-controlling interest | 326 | (1) | 325


Question: How much right-of-use assets was recognized upon adoption of IFRS 16 on January 1, 2019?
Answer: $2,257 million within property, plant and equipment
10 Taxation (continued)
The tax expense for 2019 is higher and the tax credit for 2018 is lower than the standard rate of corporation tax in the UK. The differences are explained below:
1 The unprovided deferred tax predominantly relates to revenue losses, property fair values and derivative fair values.
Factors that may affect future current and total tax charges
Management uses judgement in assessing compliance with REIT legislation
The Group believes it continued to operate as a UK REIT throughout the year, under which any profits and gains from the UK property investment business are exempt from corporation tax, provided certain conditions continue to be met. The Group believes that these UK REIT conditions have been fulfilled throughout the year.
In view of the announced short-term reduction of dividends there will be an underpayment of the minimum PID, and therefore under REIT legislation, the Group will incur UK corporation tax payable at 19 per cent while remaining a REIT.
The ongoing current tax expense in the year of £16.0 million includes £15.7 million relating to corporation tax on the estimated current period underpayment of the minimum PID. This amount has been included within the Group’s measure of underlying earnings as it relates to a tax expense on current year UK rental income.
The UK exceptional current tax expense in the year of £6.4 million represents in full the corporation tax arising in the current year in respect of the prior year underpayment of the minimum PID. This one-off tax expense in respect of prior year profits has been classified as exceptional (see accounting policy in note 2) based on its incidence, and so is excluded from the Group’s measure of underlying earnings.
Table:
£m | 2019 | 2018
Loss before tax, joint ventures and associates | (1,856.8) | (1,139.6)
Loss before tax multiplied by the standard rate of tax in the UK of 19% (2018: 19%) | (352.8) | (216.6)
Exempt property rental profits and revaluations | 307.0 | 214.9
 | (45.8) | (1.7)
Tax on shortfall of minimum PID | 22.1 | –
Additions and disposals of property and investments | 7.1 | 0.3
Non-deductible and other items | 3.4 | 3.4
Overseas taxation | (3.4) | (0.4)
Unprovided deferred tax1 | 22.4 | (7.3)
Total tax expense/(credit) | 5.8 | (5.7)


Question: What is the percentage change in the loss before tax, joint ventures and associates from 2018 to 2019?
Answer: 62.93
Calculation: (1,856.8-1,139.6)/1,139.6
Consolidated Financial Results
Operating Expenses
The following table sets forth operating expenses by segment for the periods presented (in millions):
The increase in Operating Expenses was primarily driven by higher net personnel costs, technology-related costs and acquisition-related costs in our Software Solutions segment. The increase in our Data and Analytics segment primarily related to higher net personnel costs and higher data costs related to revenue growth. The decrease in Corporate and Other was primarily driven by lower incentive bonus expense.
Table:
 | Year ended December 31, |  | Variance | 
 | 2019 | 2018 | $ | %
Software Solutions | $412.7 | $394.8 | $17.9 | 5%
Data and Analytics | 123.4 | 115.0 | 8.4 | 7%
Corporate and Other | 109.9 | 115.6 | (5.7) | (5)%
Total | $646.0 | $625.4 | $20.6 | 3%


Question: What was the main reason for the increase in Operating Expenses?
Answer: higher net personnel costs, technology-related costs and acquisition-related costs in our Software Solutions segment.
2019 vs 2018
Net revenue in Connected Home segment decreased for the year ended December 31, 2019 compared to the prior year. Net revenue from service provider customers fell $27.8 million compared with the prior year. In addition, the North American home WiFi market contracted in fiscal 2019 affecting net revenue from non-service provider customers. The lower revenue was primarily due to declined net revenue of our home wireless, mobile and broadband modem and gateway products. Within home wireless, we experienced declines in net revenue from AC router products, WiFi mesh systems and extenders, partially offset by net revenue generated from the introduction of WiFi 6 routers. On a geographic basis, we experience net revenue declines across all three regions.
Contribution income decreased for the year ended December 31, 2019 compared to the prior year, primarily due to lower net revenue and lower gross margin attainment. Contribution margin decreased for the year ended December 31, 2019 compare to the prior year primarily due to higher product acquisition costs resulting from the burden of Section 301 tariffs and inefficiencies associated with commencing manufacturing in new locations, increased channel promotion activities and foreign exchange headwinds due to the strengthening of the U.S. dollar.
2018 vs 2017
2018 vs 2017 Connected Home segment net revenue increased for the year ended December 31, 2018 compared to the prior year. The increase in Connected Home net revenue was primarily due to home wireless and broadband modem and modem gateway products, partially offset by decreased net revenue from mobile products. The growth in home wireless was experienced across both service provider and non-service provider channels, while the increase in broadband and gateway related solely to non-service provider customers. In total, net revenue from service provider customers fell $33.5 million compared to the prior year period. Geographically, net revenue increased in Americas and EMEA, but decreased in APAC.
Contribution income increased for the year ended December 31, 2018 compared to the prior year, primarily due to higher net revenue and gross margin attainment, mainly due to favorable product mix and lower warranty expense, partially offset by higher operating expenses as a proportion of net revenue.
Table:
 |  |  | Year Ended December 31, |  | 
 | 2019 | % Change | 2018 | % Change | 2017
 |  |  | (in thousands, except percentage data) |  | 
Net revenue | $711,391 | (7.7)% | $771,060 | 0.4% | $768,261
Percentage of net revenue | 71.2% |  | 72.8% |  | 73.9%
Contribution income | $67,775 | (29.7)% | $96,340 | 14.9% | $83,870
Contribution margin | 9.5% |  | 12.5% |  | 10.9%


Question: Which region did the net revenue decrease in 2018?
Answer: APAC