hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
4. Link between Group performance and remuneration outcomes
The Altium Remuneration Framework is designed to align key employee remuneration to shareholder returns (in the form of capital appreciation and dividends). The table below shows the Group performance on key financial results and performance metrics over the last five years.
Altium’s remuneration strategy has evolved over the past seven years and we believe that it is linked intrinsically to the success of the Group. Strong payout results for STI and LTI have reflected the strong financial performance of the Group. In addition, STI and LTI hurdles have changed over time to better reflect what is most important for Group growth.
1 Normalised EPS and Profit for the year excludes deferred tax asset of US$77 million recognised on the transfer of core business assets to the USA.
2 The maximum STI payable based on the above performance hurdles is 100%, however based on achievement of individual personal goals, the overall achievement level may be modified up to 150% or down to 0%.
Table:
 | 2019 | 2018 | 2017 | 2016 | 2015
 | US$’000 | US$’000 | US$’000 | US$’000 | US$’000
Revenue | 171,819 | 140,176 | 110,865 | 93,597 | 80,216
EBITDA | 62,721 | 44,869 | 33,254 | 27,430 | 22,697
EPS | 40.57 | 28.86 | 21.70 | 17.89 | 12.47 1
Profit for the year | 52,893 | 37,489 | 28,077 | 23,020 | 15,398 1
Dividend declared - AU cents | 34 | 27 | 23 | 20 | 16
Share price - AU$ | $34.2 | 22.51 | 8.57 | 6.46 | 4.43
STI Achievement | 100% - 150% 2 | 131% | 103% | 97% | 63%
STI performance hurdles | 70% Revenue 30% EBITDA | 50% Revenue 50% EBITDA | 70% Revenue 30% EBITDA | 50% Revenue 50% EBITDA | Different metrics related to subscriber related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development
LTI Achievement | 100% | 100% | 100% | 100% | 50%
LTI performance hurdles | 50% Revenue | EPS | EPS | EPS | 50% Subscriber growth 50% EPS


Question: What are the STI performance hurdles in 2019?
Answer: 70% Revenue, 30% EBITDA
Equity, liabilities and net debt in the consolidated financial statements
Equity amounts to €2,735 million (30/9/2018: €3,074 million), while liabilities amounts to €11,762 million (30/9/2018: €12,132 million). Net debt related to continuing operations decreased by €0.2 billion in the adjusted year-on-year comparison and amounted to €2.9 billion as of 30 September 2019 (30/09/2018: €3.1 billion).
1 Adjustment of previous year according to explanation in notes
2 Shown in the balance sheet under other financial assets (current).
3 Adjusted for the effects of discontinued operations.
Table:
€ million | 30/9/2018 1 | 30/9/2018 adjusted3 | 30/9/2019
Equity | 3,074 | 3,074 | 2,735
Liabilities | 12,132 | 12,132 | 11,762
Net debt | 2,710 | 3,102 | 2,858
Financial liabilities (incl. finance leases) | 4,010 | 4,010 | 3,369
Cash and cash equivalents | 1,298 | 906 | 500
Short-term financial investments2 | 2 | 2 | 11


Question: What was the change in equity in FY2019 from FY2018 adjusted?
Answer: -339
Calculation: 2,735-3,074
value , which may be maturity , the company does not consider these investments to be other-than-temporarily impaired as of december 31 , 2005 and 2004 . gross realized gains and losses for 2005 were $ 15000 and $ 75000 , respectively . gross realized gains and losses for 2004 were $ 628000 and $ 205000 , respectively . gross realized gains for 2003 were $ 1249000 . there were no gross realized losses for 2003 . maturities stated are effective maturities . f . restricted cash at december 31 , 2005 and 2004 , the company held $ 41482000 and $ 49847000 , respectively , in restricted cash . at december 31 , 2005 and 2004 the balance was held in deposit with certain banks predominantly to collateralize conditional stand-by letters of credit in the names of the company's landlords pursuant to certain operating lease agreements . g . property and equipment property and equipment consist of the following at december 31 ( in thousands ) : depreciation expense for the years ended december 31 , 2005 , 2004 and 2003 was $ 26307000 , $ 28353000 and $ 27988000 respectively . in 2005 and 2004 , the company wrote off certain assets that were fully depreciated and no longer utilized . there was no effect on the company's net property and equipment . additionally , the company wrote off or sold certain assets that were not fully depreciated . the net loss on disposal of those assets was $ 344000 for 2005 and $ 43000 for 2004 . h . investments in accordance with the company's policy , as outlined in note b , "accounting policies" the company assessed its investment in altus pharmaceuticals , inc . ( "altus" ) , which it accounts for using the cost method , and determined that there had not been any adjustments to the fair values of that investment which would indicate a decrease in its fair value below the carrying value that would require the company to write down the investment basis of the asset , as of december 31 , 2005 and december 31 , 2004 . the company's cost basis carrying value in its outstanding equity and warrants of altus was $ 18863000 at december 31 , 2005 and 2004. .

Table:
 | 2005 | 2004
furniture and equipment | $ 98387 | $ 90893
leasehold improvements | 66318 | 65294
computers | 18971 | 18421
software | 18683 | 16411
total property and equipment gross | 202359 | 191019
less accumulated depreciation and amortization | 147826 | 126794
total property and equipment net | $ 54533 | $ 64225
.

Question: what was the ratio of the net loss on the disposal of the unfully depreciated assets in 2005 compared 2004
Answer: 8
Calculation: divide(344000, 43000)
Outlook and Overview Our operating requirements have historically been funded from cash flows generated from our business and borrowings under our credit facilities.
We expect that our future operating requirements will continue to be funded from cash flows from operating activities, existing cash and cash equivalents, and, if needed, from borrowings under our revolving credit facility and our ability to obtain future external financing.
We anticipate that we will continue to use a substantial portion of our cash flow to fund capital expenditures, meet scheduled payments of long-term debt, and to invest in future business opportunities.
The following table summarizes our cash flows:
Table:
 |  | Years Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
Cash flows provided by (used in): |  |  | 
Operating activities | $ 339,096 | $ 357,321 | $ 210,027
Investing activities | (217,819) | (221,459) | (1,042,711)
Financing activities | (118,481) | (141,920) | 821,264
Increase (decrease) in cash and cash equivalents | $ 2,796 | $ (6,058) | $ (11,420)


Question: What was the cash flow from operating activities in 2019?
Answer: $ 339,096
Operating Expenses
Cost of Services Cost of services increased $549 million, or 3.6%, during 2019 compared to 2018, primarily due to increases in rent expense as a result of adding capacity to the networks to support demand as well as an increase due to the adoption of the new lease accounting standard in 2019, increases in costs related to the device protection package offered to our wireless retail postpaid customers, as well as regulatory fees.
These increases were partially offset by decreases in employee-related costs primarily due to the Voluntary Separation Program, as well as decreases in access costs and roaming.
Cost of Wireless Equipment Cost of wireless equipment decreased $544 million, or 2.9%, during 2019 compared to 2018, primarily as a result of declines in the number of wireless devices sold as a result of an elongation of the handset upgrade cycle. These decrease were partially offset by a shift to higher priced devices in the mix of wireless devices sold.
Selling, General and Administrative Expense Selling, general and administrative expense increased $938 million, or 6.0%, during 2019 compared to 2018, primarily due to increases in sales commission and bad debt expense, and an increase in advertising costs. The increase in sales commission expense during 2019 compared to 2018 was primarily due to a lower net deferral of commission costs as a result of the adoption of Topic 606 on January 1, 2018 using a modified retrospective approach.
These increases were partially offset by decreases in employee-related costs primarily due to the Voluntary Separation Program.
Depreciation and Amortization Expense Depreciation and amortization expense decreased $599 million, or 5.0%, during 2019 compared to 2018, driven by the change in the mix of total Verizon depreciable assets and Consumer’s usage of those assets.
Table:
 |  |  | (dollars in millions) Increase/ (Decrease) | 
Years Ended December 31, | 2019 | 2018 | 2019 vs. 2018 | 
Cost of services  | $15,884 | $15,335 | $ 549 | 3.6%
Cost of wireless equipment  | 18,219 | 18,763 | (544) | (2.9)
Selling, general and administrative expense  | 16,639 | 15,701 | 938 | 6.0
Depreciation and amortization expense  | 11,353 | 11,952 | (599) | (5.0)
Total Operating Expenses  | $ 62,095 | $ 61,751 | $ 344 | 0.6


Question: How much did Cost of services increase in 2019?
Answer: $549 million
The following table sets forth information known to us with respect to the beneficial ownership of our common shares as of (i) April 12, 2020, our most recent record date, and (ii) as of certain record dates in each of the preceding three years, for (1) the stockholders known by us to beneficially own more than 2% of our common shares and (2) all directors and executive officers as a group. Beneficial ownership is determined in accordance with SEC rules.
(1) 36.49% owned by United Microelectronics Corporation as of March 31, 2020.
None of our major stockholders have different voting rights from those of our other stockholders. To the best of our knowledge, we are not directly or indirectly controlled by another corporation, by any foreign government or by any other natural or legal person severally or jointly.
For information regarding our common shares held or beneficially owned by persons in the United States, see “Item 9. The Offer and Listing—A. Offer and Listing Details—Market Price Information for Our American Depositary Shares” in this annual report.
Table:
 | As of April 14, 2018 | As of April 14, 2019 | As of April 12, 2020 | As of April 12, 2020
 | Number of common shares beneficially owned | Number of common shares beneficially owned | Number of common shares beneficially owned | Number of common shares beneficially owned
Name of Beneficial Owner |  |  |  | 
Hsun Chieh Investment Co., Ltd. (1) | 3.50% | 3.64% | 441,371,000 | 3.75%
Silicon Integrated Systems Corp. | 2.50% | 2.35% | 285,380,424 | 2.42%
Directors and executive officers as a group | 6.32% | 6.67% | 832,664,416 | 7.07%


Question: Do the major stockholders have different voting rights?
Answer: None of our major stockholders have different voting rights from those of our other stockholders.
Note 3. Revenue from Contracts with Customers
Contract Assets
Our contract assets consist of capitalized commission costs and upfront payments made to customers. The current portion of capitalized commission costs and upfront payments made to customers are included in other current assets within our consolidated balance sheets. The non-current portion of capitalized commission costs and upfront payments made to customers are reflected in other assets within our consolidated balance sheets. Our amortization of contract assets during the years ended December 31, 2019 and 2018 were $2.4 million and $2.0 million, respectively. There were no amortized commission costs during the year ended December 31, 2017.
We review the capitalized costs for impairment at least annually. Impairment exists if the carrying amount of the asset recognized from contract costs exceeds the remaining amount of consideration we expect to receive in exchange for providing the goods and services to which such asset relates, less the costs that relate directly to providing those good and services and that have not been recognized as an expense. We did not record an impairment loss on our contract assets during the years ended December 31, 2019, 2018 and 2017.
The changes in our contract assets are as follows (in thousands):
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
Beginning of period balance | $2,881 | $—
Commission costs and upfront payments to a customer capitalized in period | 4,141 | 4,864
Amortization of contract assets | (2,444) | (1,983)
End of period balance | $4,578 | $2,881


Question: How many years did Commission costs and upfront payments to a customer capitalized in period exceed $4,500 thousand?
Answer: 1
Calculation: 2018
OPERATING EXPENSES
(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 operating expenses increased by 7.3% (5.4% in constant currency) mainly from:
• growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in operating expenses for only an eight-month period in the prior year combined with higher programming costs, additional headcount to support growth, higher marketing initiatives to drive primary service units growth and the FiberLight acquisition; and
• additional costs in Inter-segment eliminations and other resulting from the timing of corporate projects and initiatives; partly offset by
• lower operating expenses in the Canadian broadband services segment mainly attributable to lower programming costs resulting from a lower level of primary service units and lower compensation expenses resulting from an operational optimization program implemented in the first half of fiscal 2019, partly offset by higher marketing initiatives, additional headcount costs in the first quarter of fiscal 2019 to support the stabilization phase of the new customer management system as well as retroactive costs related to higher rates than expected established by the Copyright Board of Canada.
For further details on the Corporation’s operating expenses, please refer to the "Segmented operating and financial results" section.
Table:
Years ended August 31, | 2019 (1) | 2018 (2) | Change | Change in constant currency (3) | Foreign exchange impact (3)
(in thousands of dollars, except percentages) | $ | $ | % | % | $
Canadian broadband services | 606,286 | 618,886 | (2.0) | (2.2) | 1,102
American broadband services | 571,208 | 478,172 | 19.5 | 15.2 | 20,522
Inter-segment eliminations and other | 26,486 | 24,567 | 7.8 | 7.8 | 12
 | 1,203,980 | 1,121,625 | 7.3 | 5.4 | 21,636


Question: What was the average American broadband services between 2018 and 2019?
Answer: 524690
Calculation: (571,208 + 478,172) / 2
Stock Options
Additional information related to our stock options is summarized below (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Intrinsic value of exercises | $ 31 | $ 37 | $ 26
Proceeds received from exercises | $ 25 | $ 88 | $ 60
Fair value of options vested | $ 2 | $ 8 | $ 15


Question: What was the intrinsic value of exercises in 2019?
Answer: 31
24. Cash and cash equivalents
Significant accounting policies that apply to cash and cash equivalents Cash and cash equivalents comprise cash in hand and current balances with banks and similar institutions, which are readily convertible to cash and are subject to insignificant risk of changes in value and have an original maturity of three months or less. All are held at amortised cost on the balance sheet, equating to fair value. For the purpose of the consolidated cash flow statement, cash and cash equivalents are as defined above net of outstanding bank overdrafts. Bank overdrafts are included within the current element of loans and other borrowings (note 25).
IFRS 9 was applied for the first time on 1 April 2018 and introduces new classifications for financial instruments. Cash and cash equivalents were classified as loans and receivables under IAS 39, and are now classified as financial assets held at amortised cost under IFRS 9. This has not had an impact on the accounting for these instruments, or on their carrying amounts.
Cash and cash equivalents include restricted cash of £44m (2017/18: £32m, 2016/17: £43m), of which £40m (2017/18: £29m, 2016/17: £41m) was held in countries where local capital or exchange controls currently prevent us from accessing cash balances. The remaining balance of £4m (2017/18: £3m, 2016/17: £2m) was held in escrow accounts, or in commercial arrangements akin to escrow.
Table:
 | 2019 | 2018 | 2017
At 31 March | £m | £m | £m
Cash at bank and in hand | 495 | 446 | 469
Cash equivalents |  |  | 
US deposits | 3 | 26 | 32
UK deposits | 1,132 | 31 | 1
Other deposits | 36 | 25 | 26
Total cash equivalents | 1,171 | 82 | 59
Total cash and cash equivalents | 1,666 | 528 | 528
Bank overdrafts (note25) | (72) | (29) | (17)
Cash and cash equivalents per the cash flow statement | 1,594 | 499 | 511


Question: For which year(s) are the Total cash and cash equivalents lower than 1,000 million?
Answer: 2018, 2017
Calculation: locate total cash and cash equivalents in row 9 and analyse
We manufacture products in 107 facilities, with 15 of those facilities serving both of our business segments. The following table shows our manufacturing facilities by geographic region and our business segment reporting structure:
Other Property Information
We own the large majority of our manufacturing facilities. Some of these facilities are subject to secured or other financing arrangements. We lease the balance of our manufacturing facilities, which are generally smaller sites. Our manufacturing facilities are usually located in general purpose buildings that house our specialized machinery for the manufacture of one or more products. Because of the relatively low density of our air cellular, polyethylene foam and protective mailer products, we realize significant freight savings by locating our manufacturing facilities for these products near our customers and distributors.
We also occupy facilities containing sales, distribution, technical, warehouse or administrative functions at a number of
locations in the U.S. and in many foreign countries/regions. Some of these facilities are located on the manufacturing sites that we own and some of these are leased. Stand-alone facilities of these types are generally leased. Our global headquarters is located in an owned property in Charlotte, North Carolina. For a list of those countries and regions outside of the U.S. where we have operations, see "Global Operations" above.
We believe that our manufacturing, warehouse, office and other facilities are well maintained, suitable for their purposes and adequate for our needs.
Table:
Geographic Region | Number of Manufacturing Facilities | Food Care Manufacturing Facilities | Product Care Manufacturing Facilities
North America | 44 | 10 | 37
Europe, Middle East and Africa ("EMEA") | 29 | 11 | 24
South America | 6 | 6 | 1
Asia, Australia and New Zealand ("APAC") | 28 | 9 | 24
Total | 107 | 36 | 86


Question: How many facilities serve both business segments?
Answer: 15
Intangible assets
Intangible assets include the value assigned to completed technologies, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2019 and 2018 are summarized as follows(amounts shown in thousands, except for years):
Amortization expense related to acquired intangible assets was $7.0 million, $4.0 million, and $0.6 million for fiscal years ended September 30, 2019, 2018, and 2017, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.
Table:
September 30, 2019: | Weighted Average Amortization Period | Cost | Accumulated Amortization | Net
Completed technologies | 6.4 years | $20,341 | $7,104 | $13,237
Customer relationships | 4.8 years | 17,628 | 6,701 | 10,927
Trade names | 4.5 years | 618 | 377 | 241
Total intangible assets |  | $38,587 | $14,182 | $24,405


Question: Which intangible assets have the highest proportion of accumulated amortization over cost in 2019?
Answer: Trade names
Calculation: (377/618)>(6,701/17,628)>(7,104/20,341) = 0.61>0.38>0.35
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 13 — Derivatives
The effect of derivative instruments on the Consolidated Statements of Earnings is as follows:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Foreign Exchange Contracts: |  |  | 
Amounts reclassified from AOCI to earnings: |  |  | 
Net sales | $— | $383 | $(488)
Cost of goods sold | 860 | (6) | 497
Selling, general and administrative | 92 | 107 | 45
Total amounts reclassified from AOCI to earnings | 952 | 484 | 54
Loss recognized in other expense for hedge ineffectiveness | — | — | (1)
Loss recognized in other expense for derivatives not designated as cash flow hedges | — | — | (15)
Total derivative gain on foreign exchange contracts recognized in earnings | $952 | $484 | $38
Interest Rate Swaps: |  |  | 
Benefit recorded in interest expense | $491 | $421 | $37
Total gain | $1,443 | $905 | $75


Question: What was the Cost of goods sold in 2017?
Answer: 497
Disaggregation of revenue
The following table provides information about disaggregated revenue by primary geographical markets:
The Company derived over 90%, and approximately 88% and 84% of subscription revenues from RingCentral Office product for the years ended December 31, 2019, 2018 and 2017, respectively
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Primary geographical markets |  |  | 
North America | 93% | 95% | 96%
Others | 7% | 5% | 4%
Total revenues | 100% | 100% | 100%


Question: What is the change in percentage of total revenue earned in North America between 2017 and 2018?
Answer: -1
Calculation: 95-96
H. Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted-average number of common stock outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of common stock outstanding and potentially dilutive securities outstanding during the period, as calculated using the treasury stock method. Potentially dilutive securities primarily include unvested restricted stock units (“RSUs”), including PSU awards, and stock options, including purchase options under VMware’s employee stock purchase plan, which included Pivotal’s employee stock purchase plan through the date of acquisition. Securities are excluded from the computation of diluted net income per share if their effect would be anti-dilutive. VMware uses the two-class method to calculate net income per share as both classes share the same rights in dividends; therefore, basic and diluted earnings per share are the same for both classes.
The following table sets forth the computations of basic and diluted net income per share during the periods presented (table in millions, except per share amounts and shares in thousands):
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Net income attributable to VMware, Inc. | $6,412 | $1,650 | $437
Weighted-average shares, basic for Classes A and B | 417,058 | 413,769 | 410,315
Effect of other dilutive securities | 8,177 | 7,362 | 10,572
Weighted-average shares, diluted for Classes A and B | 425,235 | 421,131 | 420,887
Net income per weighted-average share attributable to VMware, Inc. common stockholders, basic for Classes A and B | $15.37 | $3.99 | $1.07
Net income per weighted-average share attributable to VMware, Inc. common stockholders, diluted for Classes A and B | $15.08 | $3.92 | $1.04


Question: What was the Net income attributable to VMware, Inc. in 2018?
Answer: 437