hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts) Lamb Weston Spinoff
On November 9, 2016, we completed the Spinoff of our Lamb Weston business. As of such date, we did not beneficially own any equity interest in Lamb Weston and no longer consolidated Lamb Weston into our financial results. The business results were previously reported in the Commercial segment. We reflected the results of this business as discontinued operations for all periods presented.
The summary comparative financial results of the Lamb Weston business through the date of the Spinoff, included within discontinued operations, were as follows:
During fiscal 2017, we incurred $74.8 million of expenses in connection with the Spinoff primarily related to professional fees and contract services associated with preparation of regulatory filings and separation activities. These expenses are reflected in income from discontinued operations. During fiscal 2019 and 2018, we recognized income tax expense of $2.8 million and an income tax benefit of $14.5 million, respectively, due to adjustments of the estimated deductibility of these costs.
In connection with the Spinoff, total assets of $2.28 billion and total liabilities of $2.98 billion (including debt of $2.46 billion) were transferred to Lamb Weston. As part of the consideration for the Spinoff, the Company received a cash payment from Lamb Weston in the amount of $823.5 million. See Note 4 for discussion of the debt-for-debt exchange related to the Spinoff.
We entered into a transition services agreement in connection with the Lamb Weston Spinoff and recognized $2.2 million and $4.2 million of income for the performance of services during fiscal 2018 and 2017, respectively, classified within SG&A expenses.
Table:
 | 2019 | 2018 | 2017
Net sales | $— | $— | $1,407.9
Income (loss) from discontinued operations before income taxes and equity method investment earnings | $— | $(0.3) | $172.3
Income (loss) before income taxes and equity method investment earnings | — | (0.3) | 172.3
Income tax expense (benefit) | 2.8 | (14.6) | 87.5
Equity method investment earnings | — | — | 15.9
Income (loss) from discontinued operations, net of tax . | (2.8) | 14.3 | 100.7
Less: Net income attributable to noncontrolling interests . | — | — | 6.8
Net income (loss) from discontinued operations attributable to Conagra Brands, Inc | $(2.8) | $14.3 | $93.9


Question: How many assets and liabilities concerning the Spinoff were transferred to Lamb Weston respectively?
Answer: $2.28 billion, $2.98 billion
The table below shows the annual pension entitlement earned during the Executive Board membership of each member of the Executive Board on reaching the scheduled retirement age of 62, based on entitlements from SAP under performance-based and salary-linked plans.
Annual Pension Entitlement
1) The rights shown here for Bill McDermott refer solely to rights under the pension plan for SAP America.
These are vested entitlements. To the extent that members continue to serve on the Executive Board and that therefore more contributions are made for them in the future, pensions actually payable at the scheduled retirement age will be higher than the amounts shown in the table.
Table:
€ thousands | Vested on 12/31/2019 | Vested on 12/31/2018
Christian Klein (Co-CEO from 10/11/2019) | 8.2 | 4.1
Adaire Fox-Martin | 11.8 | 7.3
Michael Kleinemeier | 20.0 | 14.8
Bernd Leukert (until 3/31/2019) | 34.7 | 24.6
Bill McDermott (CEO until 10/10/2019, Executive Board Member until 11/15/2019)1) | 90.8 | 105.1
Luka Mucic | 27.6 | 23.2
Jürgen Müller (from 1/1/2019) | 4.8 | -
Stefan Ries | 16.8 | 12.6
Thomas Saueressig (from 11/1/2019) | 0.2 | -


Question: In which year was the amount vested for Michael Kleinemeier larger?
Answer: 2019
Calculation: 20.0>14.8
6 Other assets (continued)
(a) Security deposits
Included in the security deposits was $8.8 million (2018: $4.2 million) relating to deposits held as security for bank guarantees.
(b) Customer incentives
Where customers are offered incentives in the form of free or discounted periods, the dollar value of the incentive is capitalised and amortised on a straight-line basis over the expected life of the contract.
(c) Contract Costs
From 1 July 2018, eligible costs that are expected to be recovered will be capitalised as a contract cost and amortised over the expected customer life.
Table:
 |  | 30 June 2019 | 30 June 2018
 | Note | $'000 | $'000
CURRENT |  |  | 
Prepayments |  | 2,631 | 3,827
Capitalised transaction costs |  | 1,496 | -
Security deposits | 6(a) | 8,822 | 4,151
Customer incentives | 6(b) | 625 | 764
Other current assets |  | 412 | 412
Contract costs 6(c) | 6(c) | 446 | -
Total other assets - current |  | 14,432 | 9,154


Question: How was contract costs amortised?
Answer: over the expected customer life
part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our class a common stock on the new york stock exchange ( 201cnyse 201d ) for the years 2007 and 2006. .

Table:
2007 | high | low
quarter ended march 31 | $ 41.31 | $ 36.63
quarter ended june 30 | 43.84 | 37.64
quarter ended september 30 | 45.45 | 36.34
quarter ended december 31 | 46.53 | 40.08
2006 | high | low
quarter ended march 31 | $ 32.68 | $ 26.66
quarter ended june 30 | 35.75 | 27.35
quarter ended september 30 | 36.92 | 29.98
quarter ended december 31 | 38.74 | 35.21
on february 29 , 2008 , the closing price of our class a common stock was $ 38.44 per share as reported on the nyse .
as of february 29 , 2008 , we had 395748826 outstanding shares of class a common stock and 528 registered holders .
dividends we have never paid a dividend on any class of our common stock .
we anticipate that we may retain future earnings , if any , to fund the development and growth of our business .
the indentures governing our 7.50% ( 7.50 % ) senior notes due 2012 ( 201c7.50% ( 201c7.50 % ) notes 201d ) and our 7.125% ( 7.125 % ) senior notes due 2012 ( 201c7.125% ( 201c7.125 % ) notes 201d ) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants .
the loan agreement for our revolving credit facility and the indentures governing the terms of our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied .
in addition , while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% ( 7.50 % ) notes and 7.125% ( 7.125 % ) notes , certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization .
for more information about the restrictions under the loan agreement for the revolving credit facility , our notes indentures and the loan agreement related to the securitization , see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 3 to our consolidated financial statements included in this annual report. .

Question: what is the average number of shares per registered holder as of february 29 , 2008?
Answer: 749524
Calculation: divide(395748826, 528)
2. Fixed assets
Accounting policies
Shares in Group undertakings are stated at cost less any provision for impairment and capital related to share-based payments. Contributions in respect of share-based payments are recognised in line with the policy set out in note 7 “Share-based payments”.
The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If any such indication of impairment exists, the Company makes an estimate of the recoverable amount. If the recoverable amount of the cash-generating unit is less than the value of the investment, the investment is considered to be impaired and is written down to its recoverable amount. An impairment loss is recognised immediately in the income statement.
Shares in Group undertakings
Table:
 | 2019 | 2018
 | €m | €m
Cost: |  | 
1 April | 91,905 | 91,902
Capital contributions arising from share-based payments | 137 | 130
Contributions received in relation to share-based payments | (92) | (127)
31 March | 91,950 | 91,905
Amounts provided for: |  | 
1 April | 8,177 | 7,911
Impairment losses | – | 266
31 March | 8,177 | 8,177
Net book value: |  | 
31 March | 83,773 | 83,728


Question: Which financial years' information is shown in the table?
Answer: 2018, 2019
table of contents capital deployment program will be subject to market and economic conditions , applicable legal requirements and other relevant factors . our capital deployment program does not obligate us to continue a dividend for any fixed period , and payment of dividends may be suspended at any time at our discretion . stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing . the following stock performance graph compares our cumulative total stockholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2015 . the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends . the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. .

Table:
 | 12/9/2013 | 12/31/2013 | 12/31/2014 | 12/31/2015
american airlines group inc . | $ 100 | $ 103 | $ 219 | $ 175
amex airline index | 100 | 102 | 152 | 127
s&p 500 | 100 | 102 | 114 | 113
purchases of equity securities by the issuer and affiliated purchasers since july 2014 , our board of directors has approved several share repurchase programs aggregating $ 7.0 billion of authority of which , as of december 31 , 2015 , $ 2.4 billion remained unused under repurchase programs .

Question: what was the rate of growth or decrease from 2013 to 2014 on the amex airline index
Answer: 49%
Calculation: subtract(152, 102), divide(#0, 102)
ALTERNATIVE PERFORMANCE MEASURES
Time Charter Equivalent (TCE) earnings:
TORM defines TCE earnings, a performance measure, as revenue after port expenses, bunkers and commissions incl. freight and bunker derivatives. The Company reports TCE earnings because we believe it provides additional meaningful information to investors in relation to revenue, the most directly comparable IFRS measure. TCE earnings is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company’s performance irrespective of changes in the mix of charter types (i.e. spot charters, time charters and bareboat charters) under which the vessels may be employed between the periods. Below is presented a reconciliation from Revenue to TCE earnings:
Table:
USDm | 2019 | 2018 | 2017
Reconciliation to revenue |  |  | 
Revenue | 692.6 | 635.4 | 657.0
Port expenses, bunkers and commissions | -267.7 | -283.0 | -259.9
TCE earnings | 424.9 | 352.4 | 397.1


Question: How is TCE earnings defined?
Answer: TORM defines TCE earnings, a performance measure, as revenue after port expenses, bunkers and commissions incl. freight and bunker derivatives
The Company had gross unrecognized tax benefits of $15.7 million and $3.0 million, as of June 30, 2019 and June 30, 2018, respectively. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense.
The Company files income tax returns in various federal, state, and local jurisdictions including the United States, Canada, United Kingdom and France. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. With few exceptions, the Company is no longer subject to income tax examinations by tax authorities in major tax jurisdictions for years before 2014.
Table:
 | June 30, | 
 | 2019 | 2018
 | in millions) | 
Balance at beginning of year | $3.0 | $0.2
Additions for current year tax positions | 1.5 | 1.2
Additions for prior year tax positions | 11.5 | 1.7
Reductions as a result of settlement with tax authority | (0.3) | (0.1)
Balance at end of year | $15.7 | $3.0
Interest and penalties included in balance | $2.2 | $0.1
Amount, if recognized, would impact the effective income tax rate | 10.0 | 1.8
Amount that could be settled within the next year | 10.0 | 1.9


Question: How much gross unrecognized tax benefits did the company have as of June 30, 2019?
Answer: $15.7 million
stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the exchange act , or incorporated by reference into any filing of quintiles ims holdings , inc . under the exchange act or under the securities act , except as shall be expressly set forth by specific reference in such filing . the following graph shows a comparison from may 9 , 2013 ( the date our common stock commenced trading on the nyse ) through december 31 , 2016 of the cumulative total return for our common stock , the standard & poor 2019s 500 stock index ( 201cs&p 500 201d ) and a select peer group . the peer group consists of cerner corporation , charles river laboratories , inc. , dun & bradstreet corporation , equifax inc. , icon plc , ihs markit ltd. , inc research holdings , laboratory corporation of america holdings , nielsen n.v. , parexel international corporation , inc. , pra health sciences , inc. , thomson reuters corporation and verisk analytics , inc . the companies in our peer group are publicly traded information services , information technology or contract research companies , and thus share similar business model characteristics to quintilesims , or provide services to similar customers as quintilesims . many of these companies are also used by our compensation committee for purposes of compensation benchmarking . the graph assumes that $ 100 was invested in quintilesims , the s&p 500 and the peer group as of the close of market on may 9 , 2013 , assumes the reinvestments of dividends , if any . the s&p 500 and our peer group are included for comparative purposes only . they do not necessarily reflect management 2019s opinion that the s&p 500 and our peer group are an appropriate measure of the relative performance of the stock involved , and they are not intended to forecast or be indicative of possible future performance of our common stock . s&p 500 quintilesims peer group .

Table:
 | 5/9/2013 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016
q | $ 100 | $ 110 | $ 140 | $ 163 | $ 181
peer group | $ 100 | $ 116 | $ 143 | $ 151 | $ 143
s&p 500 | $ 100 | $ 114 | $ 127 | $ 126 | $ 138
item 6 .
selected financial data we have derived the following consolidated statements of income data for 2016 , 2015 and 2014 and consolidated balance sheet data as of december 31 , 2016 and 2015 from our audited consolidated financial .

Question: what is the return on investment for q if the investment is sold at the end of year 2014?
Answer: 40%
Calculation: subtract(140, const_100), divide(#0, const_100)
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: When was the IFRS 9 applied?
Answer: 1 April 2018
16. Segment, Geographic, and Significant Customer Information
With the exception of property and equipment, we do not identify or allocate our long-lived assets by geographic area. The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):
Table:
 | April 26, 2019 | April 27, 2018
U.S. | $ 572 | $ 566
International | 187 | 190
Total | $ 759 | $ 756


Question: Which years does the table provide information for property and equipment information for geographic areas based on the physical location of the assets?
Answer: 2019, 2018
A discussion of net sales by reportable segment is presented below for the indicated fiscal years (in millions):
AMER. Net sales for fiscal 2019 in the AMER segment increased $210.4 million, or 17.3%, as compared to fiscal 2018. The increase in net sales was driven by a $181.7 million increase in production ramps of new products for existing customers, a $13.5 million increase in production ramps for new customers and overall net increased customer end-market demand. The increase was partially offset by a $16.4 million decrease for end-of-life products and a $6.0 million reduction due to disengagements with customers.
APAC. Net sales for fiscal 2019 in the APAC segment increased $59.2 million, or 4.0%, as compared to fiscal 2018. The increase in net sales was driven by an $87.3 million increase in production ramps of new products for existing customers and a $58.1 million increase in production ramps for new customers. The increase was partially offset by a $28.4 million reduction due to a disengagement with a customer, a $7.3 million decrease for end-of-life products and overall net decreased customer end-market demand.
EMEA. Net sales for fiscal 2019 in the EMEA segment increased $28.4 million, or 10.1%, as compared to fiscal 2018. The increase in net sales was the result of a $20.2 million increase in production ramps of new products for existing customers, a $4.2 million increase in production ramps for new customers and overall net increased customer end-market demand. The increase was partially offset by a $6.2 million reduction due to a disengagement with a customer.
Table:
 | 2019 | 2018
Net sales:     |  | 
AMER  | $1,429.3 | $1,218.9
APAC  | 1,557.2 | 1,498.0
EMEA  | 309.9 | 281.5
Elimination of inter-segment sales | (132.0) | (124.9)
Total net sales | 3,164.4 | 2,873.5


Question: Which years does the table provide information for net sales by reportable segment?
Answer: 2019, 2018
Intellectual Property and Custom Development Income
Licensing of intellectual property including royalty-based fees decreased 49.2 percent in 2019 compared to 2018. This was primarily due to a decline in new partnership agreements compared to the prior year. The timing and amount of licensing, sales or other transfers of IP may vary significantly from period to period depending upon the timing of licensing agreements, economic conditions, industry consolidation and the timing of new patents and know-how development.
Table:
($ in millions) |  |  | Percent
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Licensing of intellectual property including royalty-based fees | $367 | $723 | (43.2)%
Custom development income | 246 | 275 | (10.5)
Sales/other transfers of intellectual property | 34 | 28 | 22.6
Total | $648 | $1,026 | (36.9)%


Question: What was the increase / (decrease) in the Custom development income from 2018 to 2019?
Answer: -29
Calculation: 246 - 275
RESULTS OF OPERATIONS
Revenue
(1) Reflects client arrangements (term license, cloud, and maintenance) that are subject to renewal.
We expect our revenue mix to continue to shift in favor of our subscription offerings, particularly cloud arrangements, which could result in slower total revenue growth in the near term. Revenue from cloud arrangements is generally recognized over the service period, while revenue from term and perpetual license arrangements is generally recognized upfront when the license rights become effective.
Subscription revenue
The increase in cloud revenue in 2019 reflects the shift in client preferences to cloud arrangements from other types of arrangements. The increase in term license revenue in 2019 was due to several large, multi-year term license contracts executed in 2019. This increase was partially offset by term license contracts with multi-year committed maintenance periods, where a greater portion of the contract value is allocated to maintenance.
The increase in maintenance revenue in 2019 was primarily due to the continued growth in the aggregate value of the installed base of our software and strong renewal rates in excess of 90%
Perpetual license
The decrease in perpetual license revenue in 2019 reflects the shift in client preferences in favor of our subscription offerings, particularly cloud arrangements
Consulting
Our consulting revenue fluctuates depending upon the mix of new implementation projects we perform as compared to those performed by our enabled clients or led by our partners. See "Our consulting revenue is significantly dependent upon our consulting personnel implementing new license and cloud arrangements" in Item 1A of this Annual Report for additional information.
The decrease in consulting revenue in 2019 was primarily due to a decrease in billable hours.
Table:
(Dollars in thousands) | 2019 |  | 2018 |  | Change | 
Cloud | $133,746 | 15% | 82,627 | 9% | $51,119 | 62%
Term license | 199,433 | 22% | 178,256 | 20% | 21,177 | 12%
Maintenance | 280,580 | 30% | 263,875 | 30% | 16,705 | 6%
Subscription (1) | 613,759 | 67% | 524,758 | 59% | 89,001 | 17%
Perpetual license | 80,015 | 9% | 109,863 | 12% | (29,848) | (27)%
Consulting | 217,609 | 24% | 256,960 | 29% | (39,351) | (15)%
 | $911,383 | 100% | $891,581 | 100% | $19,802 | 2%


Question: How is revenue from term and perpetual license arrangements recognised?
Answer: recognized upfront when the license rights become effective