hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
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 many components had a positive value of IFRS 16 Impacts?
Answer: 5
Calculation: Other current assets##Property, plant and equipment##Other non-current assets##Debt due within one year##Long-term debt
SELECTED FINANCIAL DATA
The following data should be read in conjunction with the consolidated financial statements and accompanying notes included elsewhere in the Annual Report on Form 10-K. Fiscal 2018 and 2017 have been recast to reflect the Company’s retrospective adoption of Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, and related amendments, collectively referred to as Accounting Standards Codification (“ASC”) 606. Fiscal 2016 and 2015 were not recast. Net income for fiscal 2018 and 2019 has been impacted by the reduced U.S. corporate tax rate enacted by the Tax Cuts and Jobs Act (“TCJA”) of 2017, and fiscal 2018 net income contains the related adjustment for the re-measurement of deferred taxes. Acquisitions have affected revenue and net income in fiscal 2019 as well as the historical periods presented.
(1) Revenue includes license sales, support and service revenues, and hardware sales, less returns and allowances.
Table:
 |  |  | (In Thousands, Except Per Share Data) |  | 
 |  |  | YEAR ENDED JUNE 30, |  | 
Income Statement Data | 2019 | 2018 | 2017 | 2016 | 2015
 |  |  |  | *Unadjusted | *Unadjusted
Revenue (1) | $1,552,691 | $1,470,797 | $1,388,290 | $1,354,646 | $1,256,190
Net Income | $271,885 | $365,034 | $229,561 | $248,867 | $211,221
Basic earnings per share | $3.52 | $4.73 | $2.95 | $3.13 | $2.60
Diluted earnings per share | $3.52 | $4.70 | $2.93 | $3.12 | $2.59
Dividends declared per share | $1.54 | $1.36 | $1.18 | $1.06 | $0.94
Balance Sheet Data |  |  |  |  | 
Total deferred revenue | $394,306 | $369,915 | $368,151 | $521,054 | $531,987
Total assets | $2,184,829 | $2,033,058 | $1,868,199 | $1,815,512 | $1,836,835
Long-term debt | $— | $— | $50,000 | $— | $50,102
Stockholders’ equity | $1,429,013 | $1,322,844 | $1,099,693 | $996,210 | $991,534


Question: Which financial years' information is shown in the table?
Answer: 2015, 2016, 2017, 2018, 2019
Additional sources of cash available to us were international currency lines of credit and bank credit facilities totaling $26.0 million as of September 28, 2019, of which $20.8 million was unused and available. These unsecured international credit facilities were used in Europe and Japan during fiscal 2018. As of September 28, 2019, we had utilized $5.2 million of the international credit facilities as guarantees in Europe.
Our ratio of current assets to current liabilities increased to 4.6:1 at September 28, 2019 compared to 3.3:1 at September 29, 2018. The increase in our ratio was primarily due to lower income taxes payable, partially offset by decreases in our ratio due to lower accounts receivable and inventories. Our cash and cash equivalents, short-term investments and working capital are as follows (in thousands):
Table:
 | Fiscal | 
 | 2019 | 2018
Cash and cash equivalents | $305,833 | $310,495
Short-term investments | 120 | 120
Working capital | 854,507 | 865,664


Question: In which year was Cash and cash equivalents larger?
Answer: 2018
Calculation: 310,495>305,833
Restricted Stock Unit Award Plans
We have two Restricted Stock Unit Award Plans for our employees and non-employee directors, a 2017 Restricted Stock Unit Award Plan (the “2017 RSU Plan”) and a 2014 Restricted Stock Unit Award Plan (the “2014 RSU Plan”). Vesting of an RSU entitles the holder to receive a share of our common stock on a distribution date. Our non-employee director awards allow for non-employee directors to receive payment in cash, instead of stock, for up to 40% of each RSU award. The portion of the RSU awards subject to cash settlement are recorded as a liability in the Company’s consolidated balance sheet as they vest and being marked-to-market each reporting period until they are distributed. The liability was $29 thousand and $11 thousand at December 31, 2019 and 2018, respectively.
The compensation cost to be incurred on a granted RSU without a cash settlement option is the RSU’s fair value, which is the market price of our common stock on the date of grant, less its exercise cost. The compensation cost is amortized to expense and recorded to additional paid-in capital over the vesting period of the RSU award.
A summary of the grants under the RSU Plans as of December 31, 2019 and 2018, and for the year then ended consisted of the following (in thousands):
Table:
 |  | Year Ended | December 31, | 
 | 2019 |  | 2018 | 
 | Number of | Number of | Number of | Number of
 | RSUs | Vested RSUs | RSUs | Vested RSUs
Outstanding, Jan. 1 | 951 | 459 | 462 | 262
Granted | 333 | - | 759 | -
Distributed | (267) | (267) | (262) | (262)
Vested | - | 825 | - | 459
Forfeited | - | - | (8) | -
Outstanding, Dec. 31 | 1,017 | 1,017 | 951 | 459


Question: What is the difference between the number of RSUs granted in 2019 and 2018?
Answer: 426
Calculation: 759 - 333
Operating assets and liabilities
5 Trade and other receivables
(a) Trade receivables
(i) Classification as trade receivables
Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are generally due for settlement within 30 - 60 days and therefore are all classified as current. Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are recognised at fair value. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortised cost using the effective interest method.
(ii) Fair values of trade and other receivables
Due to the short-term nature of the trade and other receivables, their carrying amount is considered to be the same as their fair value.
(iii) Impairment and risk exposure
Information about the Group's impairment policies, calculation of loss allowance and exposure to credit risk, foreign currency risk and interest rate risk can be found in note 15.
(b) Interest receivable
Interest receivable relates to interest accrued on term deposits. Credit risk of this is assessed in the same manner as cash and cash equivalents which is detailed in note 15.
Table:
 |  | 30 June 2019 | 30 June 2018
 | Note | $'000 | $'000
Trade receivables | 5(a) | 28,320 | 36,522
Loss allowance (see note 15(b)) |  | (741) | (1,254)
 |  | 27,579 | 35,268
Interest receivable | 5(b) | 54 | 27
GST receivable |  | 6,222 | 162
Other receivables |  | 1 | 1,629
Total |  | 33,856 | 37,086


Question: Why was trade receivables considered under current assets?
Answer: generally due for settlement within 30 - 60 days and therefore are all classified as current.
Stock Compensation Expense
The following table shows total stock-based compensation expense and related tax benefits included in the Consolidated Statements of Operations for fiscal 2019, 2018 and 2017 (in thousands):
As a result of our acquisition of Rofin on November 7, 2016, we made a payment of $15.3 million due to the cancellation of options held by employees of Rofin. The payment was allocated between total estimated merger consideration of $11.1 million and post-merger stock-based compensation expense of $4.2 million, recorded in the first quarter of fiscal 2017, based on the portion of the total service period of the underlying options that have not been completed by the merger date.
During fiscal 2019, $4.8 million of stock-based compensation cost was capitalized as part of inventory for all stock plans, $4.8 million was amortized into cost of sales and $1.5 million remained in inventory at September 28, 2019. During fiscal 2018, $4.7 million of stock-based compensation cost was capitalized as part of inventory for all stock plans, $4.4 million was amortized into cost of sales and $1.5 million remained in inventory at September 29, 2018.
At fiscal 2019 year-end, the total compensation cost related to unvested stock-based awards granted to employees under our stock plans but not yet recognized was approximately $33.1 million. We do not estimate forfeitures. This cost will be amortized on a straight-line basis over a weighted-average period of approximately 1.5 years.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
Cost of sales | $4,880 | $4,403 | $3,541
Research and development | 2,990 | 3,247 | 2,973
Selling, general and administrative | 28,596 | 25,088 | 23,911
Income tax benefit | (4,946) | (5,073) | (7,073)
 | $31,520 | $27,665 | $23,352


Question: In which year was the amount of Research and development largest?
Answer: 2018
Calculation: 3,247>2,990>2,973
Share Based Compensation Expense
Share-based compensation expense recognized in the financial statements by line item caption is as follows (in thousands):
The amount of share-based compensation expense capitalized in inventory has been immaterial for each of the periods presented.
Table:
 |  | Year Ended | 
 | June 30,
2019 | June 30,
2018 | June 30,
2017
Cost of product revenue  | $844 | $564 | $333
Cost of service revenue | 1,639 | 1,131 | 589
Research and development   | 10,443 | 7,642 | 3,312
Sales and marketing   | 11,747 | 9,843 | 4,253
General and administrative   | 8,224 | 8,453 | 4,146
Total share-based compensation expense  | $32,897 | $27,633 | $12,633


Question: Which years does the table provide information for Share-based compensation expense recognized in the financial statements by line item caption?
Answer: 2019, 2018, 2017
Net cash from operating activities. Net cash from operating activities is the sum of (i) net income (loss) adjusted for non-cash items and (ii) changes in net working capital. The net cash from operating activities in 2019 was $1,869 million, increasing compared to $1,845 million in the prior year, mainly due to more favorable changes in net working capital, compensating lower net income.
Net cash used in investing activities. Investing activities used $1,172 million of cash in 2019, decreasing from $1,212 million in the prior year. Payments for purchase of tangible assets, net of proceeds, totaled $1,174 million, compared to $1,262 million registered in the prior-year period. The 2019 numbers also included the proceeds from matured marketable securities of $200 million and the net cash outflow of $127 million for the acquisition of Norstel.
Net cash used in financing activities. Net cash used in financing activities was $343 million for 2019, compared to the $122 million used in 2018. The 2019 amount included $281 million proceeds from long-term debt, $144 million of long-term debt repayment, $250 million of repurchase of common stock and $214 million of dividends paid to stockholders.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (In millions) | 
Net cash from operating activities | $1,869 | $1,845 | $1,677
Net cash used in investing activities | (1,172) | (1,212) | (1,468)
Net cash used in financing activities | (343) | (122) | (106)
Effect of changes in exchange rates | (13) | (4) | 27
Net cash increase | $341 | $507 | $130


Question: What is the increase/ (decrease) in Net cash used in investing activities from the period 2017 to 2019?
Answer: -296
Calculation: 1,172-1,468
2. Disaggregation of Revenue
The following table disaggregates our net sales by product category (in millions):
Table:
Product Category  | Fiscal Year 2019 | Fiscal Year 2018  | Fiscal Year 2017
Fresh, vacuum-sealed chicken | $1,310.2 | $1,139.3 | $1,339.1
Fresh, chill-packed chicken | 1,137.7 | 1,158.3 | 1,044.7
Fresh, ice-packed chicken  | 511.5 | 503.6 | 547.1
Prepared chicken  | 240.8 | 207.6 | 170.8
Frozen chicken  | 213.0 | 211.5 | 223.9
Other  | 27.1 | 15.7 | 16.6
Total net sales  | $3,440.3 | $3,236.0 | $3,342.2


Question: What is the net sales from Fresh, vacuum-sealed chicken for fiscal years 2019 to 2017 respectively?
Answer: $1,310.2, $1,139.3, $1,339.1
Description of Business
Key Clients. We work with the leading communication service providers located around the world. A partial list of our key clients as of December 31, 2019 is included below:
Clients that represented 10% or more of our revenues for 2019 and 2018 were as follows (in millions, except percentages):
See the Significant Client Relationships section of our Management’s Discussion and Analysis (“MD&A”) for additional information regarding our business relationships with these key clients.
Research and Development. Our clients around the world are facing competition from new entrants and at the same time, are deploying new services at a rapid pace and dramatically increasing the complexity of their business operations. Therefore, we continue to make meaningful investments in R&D to ensure that we stay ahead of our clients’ needs and advance our clients’ businesses as well as our own. We believe our value proposition is to provide solutions that help our clients ensure that each customer interaction is an opportunity to create value and deepen the business relationship.
Our total R&D expenses for 2019 and 2018 were $128.0 million and $124.0 million, respectively, or approximately 13% and 14%, respectively, of our total revenues. We anticipate the level of R&D investment in the near-term to be relatively consistent with that of 2019.
There are certain inherent risks associated with significant technological innovations. Some of these risks are described in this report in our Risk Factors section below.
Table:
 |  | 2019 |  | 2018
 | Amount | % of Revenues | Amount | % of Revenues
Comcast | $ 229 | 23% | $221 | 25%
Charter | 195 | 20% | 179 | 20%


Question: How many companies individually account for 10% or more of the revenue of the company in 2019? 
Answer: 2
Calculation: Comcast##Charter
Liquidity
The following table presents selected financial information on liquidity (in thousands):
(1) We define working capital as current assets less current liabilities. Fiscal year 2019 includes the impact of recognizing operating lease right-of-use assets and liabilities as a result of our adoption of Accounting Standards Codification Topic 842, “Leases,” as of December 29, 2018.
We believe our existing balances of cash and cash equivalents, working capital and the availability under our asset-based loan facility, are sufficient to satisfy our working capital needs, capital expenditures, debt service and other liquidity requirements associated with our current operations over the next 12 months.
Our capital expenditures, excluding cash paid for acquisitions, were approximately $16.1 million for fiscal 2019. We believe our capital expenditures, excluding cash paid for acquisitions, for fiscal 2020 will be approximately $38.0 million to $42.0 million. The increase in projected capital expenditures in fiscal 2020 as compared to fiscal 2019 is the result of planned expansions of several of our distribution facilities. Our planned capital projects will provide both new and expanded facilities and improvements to our technology that we believe will produce increased efficiency and the capacity to continue to support the growth of our customer base.
Table:
 |  | Fiscal Year Ended | 
 | December 27, 2019  | December 28, 2018  | December 29, 2017
Cash and cash equivalents | $140,233 | $42,410 | $41,504
Working capital,(1) excluding cash and cash equivalents | $162,772 | $160,783 | $147,063
Availability under asset-based loan facility | $133,359 | $90,015 | $64,805


Question: Which year has the highest Cash and cash equivalents?
Answer: 2019
Calculation: 140,233> 42,410> 41,504
The following table summarizes the change in the valuation allowance (in thousands):
As of December 31, 2019, net operating loss (NOL) carryforwards for U.S. federal tax purposes totaled $31.4 million. Effective with the 2017 Tax Act in December 2017, NOLs generated after December 31, 2017, do not expire. Federal NOLs of $9.9 million expire at various dates from 2020 through 2037 and federal NOLs of $21.5 million do not expire. NOL carryforwards for state tax purposes totaled $40.6 million at December 31, 2019 and expire at various dates from 2020 through 2039.
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Vaulation allowances, beginning of year | $5,398 | $13,872
Net operating loss | 3,284 | 1,920
Expiration of net operating losses and limitations | (7) | (9,939)
Adjustment to deferred taxes | 29 | (321)
Impact of state tax rate change | 26 | (146)
Other adjusments | 9 | 12
Valuation allowance, end of year | $8,739 | $5,398


Question: What are the respective valuation allowances at the end of the year in 2018 and 2019?
Answer: $5,398, $8,739
Postretirement Benefit Plans
The Company also provides certain postretirement health care and life insurance benefits to qualifying domestic retirees and their eligible dependents. The health care plan for shore-based employees and their dependents and seagoing licensed deck officers (“Deck Officers”) and their dependents is contributory at retirement, while the life insurance plan for all employees is noncontributory.
In general, postretirement medical coverage is provided to shore-based employees hired prior to January 1, 2005 and all Deck Officers who retire and have met minimum age and service requirements under a formula related to total years of service. The Company no longer provides prescription drug coverage to its retirees or their beneficiaries once they reach age 65.
The Company does not currently fund these benefit arrangements and has the right to amend or terminate the health care and life insurance benefits at any time.
Information with respect to the domestic pension and postretirement benefit plans for which the Company uses a December 31 measurement date, follow:
Table:
 | 2019 | 2018 | 2019 | 2018
At December 31, |  |  | Change in benefit obligation: | Change in benefit obligation:
Benefit obligation at beginning of year | $44,015 | $48,500 | $3,401 | $4,548
Cost of benefits earned (service cost) | — | — | 105 | 119
Interest cost on benefit obligation | 1,802 | 1,673 | 140 | 142
Actuarial losses/(gains) | 3,805 | (3,456) | 84 | (1,206)
Benefits paid | (2,686) | (2,702) | (158) | (202)
Benefit obligation at year end | 46,936 | 44,015 | 3,572 | 3,401
Change in plan assets: |  |  |  | 
Fair value of plan assets at beginning of year | 31,929 | 35,591 | — | —
Actual return on plan assets | 6,790 | (1,882) | — | —
Employer contributions | 721 | 922 | 158 | 202
Benefits paid | (2,686) | (2,702) | (158) | (202)
Fair value of plan assets at year end | 36,754 | 31,929 | — | —
Unfunded status at December 31 | $(10,182) | $(12,086) | $(3,572) | $(3,401)


Question: In which year was Benefit obligation at beginning of year for pension benefits less than 45,000?
Answer: 2019
Calculation: locate and analyze Benefit obligation at beginning of year in row 3
Financial position and cash flow
Capital expenditure and cash flow
Net operating cash inflow was $4,709,000, which was $4,081,000 lower than last year. The reduction in operating revenue was offset by lower operational costs. However, net cash was impacted by the increase in trail to upfront revenue mix. In addition, as a result of the loss position reported for FY18, the Group received a net tax refund of $2,327,000 during the year, compared to the prior year net tax paid of $172,000.
Net investing cash outflows for the year was $12,337,000. The $7,755,000 decrease in spend in investing activities relates to the Group’s controlling interest acquisition of iMoney in December 2017.
Net financing cash outflows for the 2019 year totalled $3,471,000. This included $2,839,000 lease payments and $497,000 interest expense related to leases. The material decrease against the prior year comparative period relates to $32,918,000 paid in share buy-backs and dividends in the prior period.
Table:
CASH FLOW SUMMARY | 2019 $’000 | 2018 $’000 RESTATED | CHANGE
Net cash provided  from operating  activities | 4,709 | 8,790 | 46%
Net cash used in  investing activities | (12,337) | (20,092) | (39%)
Net cash used in financing activities | (3,471) | (36,014) | (90%)
Net change in cash and cash equivalent | (11,099) | (47,316) | (77%)


Question: What is the percentage change in the net cash provided from operating activities?
Answer: 46%
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The information provided below includes one pension plan which is part of discontinued operations. As such, all related liabilities and expenses are reported in discontinued operations in the Company’s Consolidated Balance Sheets and Consolidated Statements of Operations for all periods presented.
The components of net periodic pension benefit cost recognized in our Consolidated Statements of Operations for the periods presented are as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Service cost | $272 | $841 | $  —
Interest cost | 1,211 | 802 | 809
Expected return on plan assets | (615) | (665) | (597)
Amortization of actuarial gains and losses | 411 | 478 | 503
Net periodic pension cost | $1,279 | $1,456 | $715


Question: What was service cost in 2019?
Answer: $272