hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
At 31 December 2019 trade receivables are shown net of a loss allowance totalling £6.1 million (2018: £4.0 million).
The Group does not use factoring to generate cash flow from trade receivables.
– other financial assets including loans to joint ventures
The Group applies the expected credit loss model in respect of other financial assets. Financial assets are individually assessed as to whether the credit risk has increased significantly in the period and therefore whether there is a need to apply the lifetime expected credit losses model as opposed to the 12-month expected credit loss model.
At 31 December 2019 there is no loss allowance recognised for other financial assets as it has been concluded as an immaterial risk of credit loss on other financial assets.
– cash deposits and derivative financial instruments
The credit risk relating to cash deposits and derivative financial instruments is actively managed by the Group’s treasury department. Relationships are maintained with a number of tier one institutional counterparties, ensuring compliance with Group policy relating to limits on the credit ratings of counterparties (between BBB+ and AAA).
Excessive credit risk concentration is avoided through adhering to authorised limits for all counterparties.
Table:
 | Credit Rating | Authorised Limit | Group Exposure 31 December 2019 | Credit Rating | Authorised Limit | Group Exposure 31 December 2018
 |  | £m | £m |  | £m | £m
Counterparty #1 | AA- | 125.0 | 64.9 | AA- | 125.0 | 111.9
Counterparty #2 | AAA | 150.0 | 43.1 | A+ | 100.0 | 44.1
Counterparty #3 | A+ | 100.0 | 38.7 | A | 100.0 | 27.2
Counterparty #4 | A | 100.0 | 26.0 | AAA | 150.0 | 22.3
Counterparty #5 | A | 75.0 | 20.0 | AAA | 150.0 | 12.3
Sum of five largest exposures |  |  | 192.7 |  |  | 217.8
Sum of cash deposits and derivative financial instrument assets |  |  | 203.5 |  |  | 244.2
Five largest exposures as a percentage of assets at risk |  |  | 95% |  |  | 89%


Question: Which model did the Group apply to assess credit risk of financial assets?
Answer: expected credit loss model
Other Contractual Obligations
Our other contractual obligations include finance lease obligations (including interest portion), facility leases, leases of certain computer and other equipment, agreements to purchase data and telecommunication services, the payment of principal and interest on debt and pension fund obligations.
At December 31, 2019, the minimum annual payments under these agreements and other contracts that had initial or remaining non-cancelable terms in excess of one year are as listed in the following table. Due to the uncertainty with respect to the timing of future cash flows associated with our unrecognized tax positions at December 31, 2019, we are unable to make reasonably reliable estimates of the timing of any potential cash settlements with the respective taxing authorities. Therefore, $189 million in uncertain tax positions (which includes interest and penalties of $25 million) have been excluded from the contractual obligations table below. See Note 15 – “Income Taxes” – to the consolidated financial statements for a discussion on income taxes.
(a) Our short-term and long-term debt obligations are described in Note 12 – “Long-Term Debt and Other Financing Arrangements” and our short-term and long-term finance lease obligations are described in Note 5 “Leases”,– to our consolidated financial statements.
(b) Our operating lease obligations are described in Note 17 – “Commitments and Contingencies” – to our consolidated financial statements.
Table:
 | Payments due by period |  |  |  |  |  | 
(IN MILLIONS) | Total | 2020 | 2021 | 2022 | 2023 | 2024 | Thereafter
Finance lease obligations(a) | $162 | $61 | $42 | $29 | $15 | $7 | $8
Operating leases(b) | 574 | 136 | 99 | 75 | 53 | 40 | 171
Other contractual obligations(c) | 1,639 | 627 | 295 | 203 | 190 | 185 | 139
Long-term debt, including current portion(a) | 8,164 | 854 | 702 | 2,399 | 3,710 | — | 499
Interest(d) | 1,038 | 354 | 315 | 216 | 115 | 25 | 13
Pension fund obligations(e) | 28 | 28 | — | — | — | — | —
Total | $11,605 | $2,060 | $1,453 | $2,922 | $4,083 | $257 | $830


Question: What is the total amount of finance lease obligations?
Answer: $162
In the Communications Solutions segment, operating income decreased $79 million in fiscal 2019 as compared to fiscal 2018. The Communications Solutions segment’s operating income included the following:
Excluding these items, operating income decreased in fiscal 2019 due primarily to lower volume.
Table:
 |  | Fiscal
 | 2019 | 2018
 |  | (in millions)
Restructuring and other charges, net | $  48 | $  13
Other items | 1 | —
Total | $  49 | $  13


Question: In which year was Restructuring and other charges, net larger?
Answer: 2019
Calculation: 48>13
Note 9 Earnings per share
The following table shows the components used in the calculation of basic and diluted earnings per common share for earnings attributable to common shareholders.
(1) The calculation of the assumed exercise of stock options includes the effect of the average unrecognized future compensation cost of dilutive options. It excludes options for which the exercise price is higher than the average market value of a BCE common share. The number of excluded options was 61,170 in 2019 and 12,252,594 in 2018.
Table:
FOR THE YEAR ENDED DECEMBER 31 | 2019 | 2018
Net earnings attributable to common shareholders – basic | 3,040 | 2,785
Dividends declared per common share (in dollars) | 3.17 | 3.02
Weighted average number of common shares outstanding (in millions) |  | 
Weighted average number of common shares outstanding – basic | 900.8 | 898.6
Assumed exercise of stock options (1) | 0.6 | 0.3
Weighted average number of common shares outstanding – diluted (in millions) | 901.4 | 898.9


Question: What does the calculation of the assumed exercise of stock options exclude?
Answer: options for which the exercise price is higher than the average market value of a BCE common share
* Recast to reflect segment changes.
** 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
The Cloud & Cognitive Software gross profit margin decreased 0.9 points to 76.7 percent in 2019 compared to the prior year. The gross profit margin decline was driven by the purchase price accounting impacts from the Red Hat acquisition.
Pre-tax income of $7,952 million decreased 10.5 percent compared to the prior year with a pre-tax margin decline of 4.4 points to 30.6 percent which reflects the acquisition of Red Hat, ongoing investments in key strategic areas and lower income from IP partnership agreements.
Table:
($ in millions) |  |  | 
For thee year ended December 31: | 2019 | 2018* | Yr.-to-Yr. Percent/ Margin Change**
Cloud & Cognitive Software |  |  | 
External gross profit | $17,790 | $17,224 | 3.3%
External gross profit margin | 76.7% | 77.6% | (0.9)pts.
Pre-tax income | $ 7,952 | $ 8,882 | (10.5)%
Pre-tax margin | 30.6% | 35.0% | (4.4)pts.


Question: In 2019, which activity impacted the result?
Answer: 2019 results were impacted by Red Hat purchase accounting and acquisition-related activity.
4.4 Operating costs
Cost of revenues includes costs of wireless devices and other equipment sold, network and content costs, and payments to other carriers.
Labour costs (net of capitalized costs) include wages, salaries and related taxes and benefits, post-employment benefit plans service cost, and other labour costs, including contractor and outsourcing costs
Other operating costs include marketing, advertising and sales commission costs, bad debt expense, taxes other than income taxes, IT costs, professional service fees and rent
BCE Total BCE operating costs declined by 0.5% in 2019, compared to last year, driven by reduced costs in Bell Media of 2.5%, while costs in Bell Wireless and Bell Wireline remained relatively stable year over year. These results reflected the benefit from the adoption of IFRS 16 in 2019.
Table:
 | 2019 | 2018 | $ CHANGE | % CHANGE
Bell Wireless | (5,300) | (5,297) | (3) | (0.1%)
Bell Wireline | (6,942) | (6,946) | 4 | 0.1%
Bell Media | (2,367) | (2,428) | 61 | 2.5%
Inter-segment eliminations | 751 | 738 | 13 | 1.8%
Total BCE operating costs | (13,858) | (13,933) | 75 | 0.5%


Question: What are the Inter-segment eliminations in 2018?
Answer: 738
Note 23 Other (Expense) Income, net
The following table provides details of other (expense) income, net:
(1) Cryovac Brasil Ltda., a Sealed Air subsidiary, received a final decision from the Brazilian court regarding a claim in which Sealed Air contended that certain indirect taxes paid were calculated on an incorrect amount. As a result, for the year ended December 31, 2019, we recorded income of $4.8 million to Other, net for a claim of overpaid taxes related to 2015 through 2018.
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Net foreign exchange transaction loss | $ (7.7) | $ (16.7) | $ (5.9)
Bank fee expense | (5.0) | (4.4 ) | (5.8)
Pension income other than service costs | 1.0 | 3.9 | 16.7
Loss on debt redemption and refinancing activities | (16.1) | (1.9 ) | —
Other, net(1) | 8.3 | 1.0 | 1.2
Other (expense) income, net | $ (19.5) | $ (18.1) | $ 6.2


Question: What does the table represent?
Answer: details of other (expense) income, net
Stock purchase warrants
Prior to the 2019 Brookfield Transaction, Teekay held 15.5 million common unit warrants (or the Brookfield Transaction Warrants) issued by Altera to Teekay in connection with the 2017 Brookfield Transaction (see Note 4) and 1,755,000 warrants to purchase common units of Altera issued to Teekay in connection with Altera's private placement of Series D Preferred Units in June 2016 (or the Series D Warrants). In May 2019, Teekay sold to Brookfield all of the Company’s remaining interests in Altera, which included, among other things, both the Brookfield Transaction Warrants and Series D Warrants.
Changes in fair value during the years ended December 31, 2019 and 2018 for the Company’s Brookfield Transaction Warrants and the Series D Warrants, which were measured at fair value using significant unobservable inputs (Level 3), are as follows:
Table:
 | Year Ended December 31, | 
 | 2019 | 2018
 | $ | $
Fair value at the beginning of the year | 12,026 | 30,749
Fair value on acquisition/issuance | — | 2,330
Unrealized gain (loss) included in earnings | 26,900 | (21,053)
Realized loss included in earnings | (25,559) | —
Settlements | (13,367) | —
Fair value at the end of the year | — | 12,026


Question: When did Teekay sell to Brookfield all of the Company’s remaining interests in Altera?
Answer: May 2019
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 change in value of frozen chicken between fiscal year 2019 and 2018?
Answer: 1.5
Calculation: 213.0-211.5
8. Other income, net
Other income, net consists of the following (in millions):
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Interest income | $ 88 | $ 79 | $ 44
Interest expense | (58) | (62) | (52)
Other income, net | 17 | 24 | 8
Other income, net | $ 47 | $ 41 | $ —


Question: What was the interest expense in 2018?
Answer: (62)
Non-Management Director Compensation in Fiscal 2019
The non-management directors received the following compensation during fiscal 2019:
(1) This column represents the fair value of the stock award on the grant date determined in accordance with the provisions of ASC 718. As per SEC rules relating to executive compensation disclosure, the amounts shown exclude the impact of forfeitures related to service based vesting conditions. For additional information regarding assumptions made in calculating the amount reflected in this column, please refer to Note 10 to our audited consolidated financial statements, included in our Annual Report on Form 10-K for fiscal 2019.
(2) Dividend equivalent payments on unvested restricted stock.
Table:
Name | Fees Earned or Paid in Cash ($) | Stock Awards ($) (1) | Option Awards ($) | All Other Compensation ($) (2) | Total ($)
Robert D. Rosenthal | 95,000 | 40,000 | - | 25,900 | 160,900
Chad M. Lindbloom | 95,00 | 40,000 | - | 13,800 | 148,800
Paul S. Pearlman | 65,000 | 40,000 | - | 850 | 105,850
Lawrence Reinhold | 65,000 | 40,000 | - | 850 | 105,850


Question: What is the total compensation received by Paul S. Pearlman and Lawrence Reinhold during fiscal 2019?
Answer: 211700
Calculation: 105,850 + 105,850
Commitments and Significant Contractual Obligations
The following table summarizes our contractual obligations and commercial commitments at December 27, 2019:
(1) Interest on our various outstanding debt instruments is included in the above table, except for our Term Loan and ABL, which have floating interest rates. At December 27, 2019, we had borrowings of $238.1 million under our Term Loan and zero under our ABL. During the fiscal year ended December 27, 2019, the weighted average interest rate on our Term Loan was approximately 5.8% and we incurred interest expense of approximately $13.9 million. During the fiscal year ended December 27, 2019, the weighted average interest rate on our ABL borrowings was approximately 3.7% and we incurred interest expense of approximately $1.6 million. See Note 9 “Debt Obligations” to our consolidated financial statements for further information on our debt instruments.
(2) The table above excludes cash to be paid for income taxes, $14.7 million of total contingent earn-out liabilities related to certain acquisitions as of December 27, 2019 and approximately $5.3 million of lease payments related to long-term leases for several vehicles and a distribution and processing facility that do not commence until fiscal 2020.
We had outstanding letters of credit of approximately $16.6 million and $15.8 million at December 27, 2019 and December 28, 2018, respectively. Substantially all of our assets are pledged as collateral to secure our borrowings under our credit facilities.
Table:
 |  |  | Payments Due by Period (1, 2) |  | 
 | Total  | Less than One Year | 1-3 Years | 4-5 Years | Thereafter
 |  |  | (In thousands) |  | 
Inventory purchase commitments | $53,413 | $53,413 | $— | $— | $—
Indebtedness | $406,644 | $2,993 | $244,151 | $159,500 | $—
Finance lease obligations  | $4,597 | $880 | $1,715 | $1,392 | $610
Pension exit liabilities  | $2,169 | $149 | $329 | $375 | $1,316
Long-term operating leases  | $197,359 | $25,662 | $43,130 | $30,080 | $98,487
Total  | $664,182 | $83,097 | $289,325 | $191,347 | $100,413


Question: What is the total Indebtedness for all periods?
Answer: $406,644
Section 5: Our people
We are working to attract and retain employees with the skills and passion to best serve our markets. This section provides information about our employee benefits obligations. It also includes details of our employee share plans and compensation paid to key management personnel.
5.1 Key management personnel compensation
Key management personnel (KMP) refers to those who have authority and responsibility for planning, directing and controlling the activities of the Group. For a list of key management personnel and additional disclosures, refer to the remuneration report on pages 38 to 53.
KMP aggregate compensation
During the financial years 2019 and 2018, the aggregate compensation provided to KMP was as follows:
Other transactions with our KMP and their related parties
During the financial years 2019 and 2018, apart from transactions disclosed in note 7.2 of the financial report, there were no other transactions with our KMP and their related parties.
Table:
 | CONSOLIDATED | 
 | 2019 $ | 2018 $
Short-term employee benefits | 3,728,367 | 2,780,820
Post-employment benefits | 151,851 | 184,614
Share-based payments | 651,748 | 320,560
Termination benefits | 367,015 | 841,940
 | 4,898,981 | 4,127,934


Question: What is the short-term employee benefits in 2019?
Answer: 3,728,367
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):
As of April 26, 2019, we had $296 million of gross unrecognized tax benefits, of which $252 million has been recorded in other long-term liabilities. Unrecognized tax benefits of $246 million, including penalties, interest and indirect benefits, would affect our provision for income taxes if recognized. As a result of U.S. tax reform, we recorded provisional gross unrecognized tax benefits of $114 million during fiscal 2018.
We recognized a benefit for adjustments to accrued interest and penalties related to unrecognized tax benefits in the income tax provision of approximately $4 million in fiscal 2019 and expense of $5 million in each of fiscal 2018 and 2017. Accrued interest and penalties of $18 million and $22 million were recorded in the consolidated balance sheets as of April 26, 2019 and April 27, 2018, respectively.
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Balance at beginning of period | $ 348 | $ 218 | $ 216
Additions based on tax positions related to the current year | 11 | 131 | 7
Additions for tax positions of prior years | 26 | — | 7
Decreases for tax positions of prior years | (35 ) | (1 ) | —
Settlements | (54 ) | — | (12 )
Balance at end of period | $ 296 | $ 348 | $ 218


Question: How much was the amount of gross unrecognized tax benefits in 2019?
Answer: $296 million
NOTE 9. ACCOUNTS RECEIVABLE
A significant percentage of our accounts receivable is derived from sales to a limited number of large multinational semiconductor device manufacturers located throughout the world. In order to monitor potential expected credit losses, we perform ongoing credit evaluations of our customers’ financial condition.
The carrying amount of accounts receivable is as follows:
Table:
 | December 31, | 
 | 2018 | 2019
Current | 154,607 | 171,866
Overdue <30 days | 8,802 | 19,977
Overdue 31-60 days | 2,258 | 2,076
Overdue 61-120 days | 3,507 | 1,599
Overdue >120 days | 4,276 | 4,017
Total | 173,450 | 199,535


Question: What is the change in current carrying amount of accounts receivable for 2018 to 2019?
Answer: 17259
Calculation:  171,866 - 154,607
Segment Financial Results
Revenues
The following table sets forth revenues by segment for the periods presented (in millions):
(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.
Table:
 | Year ended December 31 |  | Variance | 
 | 2019 | 2018 | $ | %
Software Solutions | $1,012.3 | $962.0 | $50.3 | 5%
Data and Analytics | 165.4 | 154.5 | 10.9 | 7%
Corporate and Other (1) | (0.5) | (2.5) | 2.0 | NM
Total | $1,177.2 | $1,114.0 | $63.2 | 6%


Question: How many years did revenue from Data and Analytics exceed $150 million?
Answer: 2
Calculation: 2019##2018
Indebtedness
The following table presents selected financial information on our indebtedness (in thousands):
As of December 27, 2019, we have various floating- and fixed-rate debt instruments with varying maturities for an aggregate principal amount of $392.1 million. See Note 9 “Debt Obligations” to our consolidated financial statements for a full description of our debt instruments.
On November 22, 2019, we issued $150.0 million aggregate principal amount of 1.875% Convertible Senior Notes (the “Senior Notes”). Approximately $43.2 million of the net proceeds were used to repay all outstanding borrowings then outstanding under our ABL and we intend to use the remainder for working capital and general corporate purposes, which may include future acquisitions.
On July 25, 2018, the holders of the $36.8 million principal amount of convertible subordinated notes that were issued in connection with our acquisition of Del Monte converted these notes and related accrued interest of $0.3 million into 1,246,272 shares of the Company’s common stock.
On June 29, 2018, we entered into an asset-based loan facility (“ABL”) that increased our borrowing capacity from $75.0 million to $150.0 million. Additionally, we reduced the fixed-rate portion of interest charged on our senior secured term loan (“Term Loan”) from 475 basis points to 350 basis points over Adjusted LIBOR as a result of repricings executed on December 14, 2017 and November 16, 2018.
A portion of the interest rate charged on our Term Loan is currently based on LIBOR and, at our option, a component of the interest charged on the borrowings outstanding on our ABL, if any, may bear interest rates based on LIBOR. LIBOR has been the subject of reform and is expected to phase out by the end of fiscal 2021. The consequences of the discontinuation of LIBOR cannot be entirely predicted but could impact the interest expense we incur on these debt instruments. We will negotiate alternatives to LIBOR with our lenders before LIBOR ceases to be a widely available reference rate.
Table:
 |  | Fiscal Year Ended | 
 | December 27, 2019 | December 28, 2018 | December 29, 2017
Senior secured term loan | $238,129 | $239,745 | $238,435
Total Convertible debt | $154,000 | $— | $36,750
Borrowings outstanding on asset-based loan facility | $— | $44,185 | $—
Finance leases and other financing obligations | $3,905 | $193 | $664


Question: What is the value of total convertible debt in fiscal year 2019?
Answer: $154,000
Substantial shareholdings
The voting rights in the table below have been determined in accordance with the requirements of the UK Listing Authority’s Disclosure and Transparency Rules DTR 5, and represent 3% or more of the voting rights attached to issued shares in the Company as at 28th February 2020 and 31st December 2019. There are no Controlling Founder Shareholders.
Table:
 | As at 31.12.19 |  | As at 28.02.20 | 
Substantial shareholdings | Number of Ordinary shares | % of issued share capital | Number of Ordinary shares | % of issued share capital
The Capital Group Companies, Inc. | 6,584,006 | 8.9% | 6,598,428 | 8.9%
Sun Life Financial, Inc. | 5,566,823 | 7.5% | 5,481,561 | 7.4%
BlackRock, Inc. | 4,624,204 | 6.3% | 4,913,790 | 6.7%
Fiera Capital Corporation | 4,764,251 | 6.5% | 4,768,688 | 6.5%
APG Groep N.V. | 4,068,000 | 5.5% | 4,068,000 | 5.5%
The Vanguard Group, Inc. | 2,569,081 | 3.5% | 2,637,287 | 3.6%


Question: Which company has the largest % of issued share capital as at 28.02.20?
Answer: The Capital Group Companies, Inc.
Calculation: 8.9%>7.4%>6.7%>6.5%>5.5%>3.6%
The determination of which country a particular sale is allocated to is based on the destination of the product shipment. No other individual country accounted for more than 10% of net revenue during these periods. Although a large percentage of the Company’s products is shipped to Asia, and in particular, China, the Company believes that a significant number of the systems designed by customers and incorporating the Company’s semiconductor products are subsequently sold outside Asia to Europe, Middle East, and Africa, or EMEA markets and North American markets.
Long-lived assets, which consists of property and equipment, net, leased right-of-use assets, intangible assets, net, and goodwill, by geographic area are as follows (in thousands):
(1) Amounts do not include leased right-of-use assets in the prior period due to the adoption of ASC 842 under the modified retrospective method with a cumulative effect adjustment to accumulated deficit as of January 1, 2019.
Table:
 | As of December 31, |  |  | 
 | 2019 |  | 2018(1) | 
 | Amount | % of total | Amount | % of total
United States | $385,302 | 85% | $426,321 | 85%
Singapore | 63,556 | 14% | 71,945 | 14%
Rest of world | 5,034 | 1% | 3,368 | 1%
Total | $453,892 | 100% | $501,634 | 100%


Question: What was the change in the United States amount from 2018 to 2019?
Answer: -41019
Calculation: 385,302 - 426,321