hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Fees Paid to our Independent Auditor
The following table sets forth the fees billed to us by Ernst & Young LLP for services in fiscal 2019 and 2018, all of which
were pre-approved by the Audit Committee.
(1) In accordance with the SEC’s definitions and rules, “audit fees” are fees that were billed to Systemax by Ernst & Young LLP for
the audit of our annual financial statements, to be included in the Form 10-K, and review of financial statements included in the
Form 10-Qs; for the audit of our internal control over financial reporting with the objective of obtaining reasonable assurance about
whether effective internal control over financial reporting was maintained in all material respects; for the attestation of management’s
report on the effectiveness of internal control over financial reporting; and for services that are normally provided by the auditor
in connection with statutory and regulatory filings or engagements.
(2) “Audit-related fees” are fees for assurance and related services that are reasonably related to the performance of the audit or
review of our financial statements and internal control over financial reporting, including services in connection with assisting
Systemax in our compliance with our obligations under Section 404 of the Sarbanes-Oxley Act and related regulations.
(3) Ernst & Young LLP did not provide any professional services for tax compliance, planning or advice in 2019 or 2018.
(4) Consists of fees billed for other professional services rendered to Systemax.
Table:
Fee Category | 2019 ($) | 2018 ($)
Audit fees (1) | 1,196,000 | 1,257,000
Audit-related fees (2) | 0 | 15,000
Tax fees (3) | 0 | 0
All other fees (4) | 2,000 | 2,000
Total | 1,198,000 | 1,274,000


Question: What is the value of the audit-related fees as a percentage of the total fees paid to the auditor in 2018?
Answer: 1.18
Calculation: 15,000/1,274,000
NOTE 4 – REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY’S ANNUAL GENERAL MEETING
Under SEC regulations, the remuneration of the auditor of USD 0.7m (2018: USD 0.8m, 2017: USD 1.0m) is required to be presented as follows: Audit USD 0.6m (2018: USD 0.6m, 2017: USD 0.6m) and other audit-related services USD 0.1m (2018: USD 0.2m, 2017: USD 0.4m).
Our Audit Committee pre-approves all audit, audit-related and non-audit services not prohibited by law to be performed by our independent auditors and associated fees prior to the engagement of the independent auditor with respect to such services.
Table:
USDm | 2019 | 2018 | 2017
Audit fees |  |  | 
Fees payable to the Company's auditor for the audit of the Company's annual accounts | 0.4 | 0.4 | 0.4
Audit of the Company's subsidiaries pursuant to legislation | 0.2 | 0.2 | 0.2
Total audit fees | 0.6 | 0.6 | 0.6
Non-audit fees |  |  | 
Audit-related services | 0.1 | 0.2 | 0.4
Tax services | 0.0 | - | -
Total non-audit fees | 0.1 | 0.2 | 0.4
Total | 0.7 | 0.8 | 1.0


Question: In which year was the total remuneration to the auditor the largest?
Answer: 2017
Calculation: 1.0>0.8>0.7
on may 20 , 2015 , aon plc issued $ 600 million of 4.750% ( 4.750 % ) senior notes due may 2045 . the 4.750% ( 4.750 % ) notes due may 2045 are fully and unconditionally guaranteed by aon corporation . we used the proceeds of the issuance for general corporate purposes . on september 30 , 2015 , $ 600 million of 3.50% ( 3.50 % ) senior notes issued by aon corporation matured and were repaid . on november 13 , 2015 , aon plc issued $ 400 million of 2.80% ( 2.80 % ) senior notes due march 2021 . the 2.80% ( 2.80 % ) notes due march 2021 are fully and unconditionally guaranteed by aon corporation . we used the proceeds of the issuance for general corporate purposes . credit facilities as of december 31 , 2015 , we had two committed credit facilities outstanding : our $ 400 million u.s . credit facility expiring in march 2017 ( the "2017 facility" ) and $ 900 million multi-currency u.s . credit facility expiring in february 2020 ( the "2020 facility" ) . the 2020 facility was entered into on february 2 , 2015 and replaced the previous 20ac650 million european credit facility . each of these facilities is intended to support our commercial paper obligations and our general working capital needs . in addition , each of these facilities includes customary representations , warranties and covenants , including financial covenants that require us to maintain specified ratios of adjusted consolidated ebitda to consolidated interest expense and consolidated debt to adjusted consolidated ebitda , tested quarterly . at december 31 , 2015 , we did not have borrowings under either the 2017 facility or the 2020 facility , and we were in compliance with the financial covenants and all other covenants contained therein during the twelve months ended december 31 , 2015 . effective february 2 , 2016 , the 2020 facility terms were extended for 1 year and will expire in february 2021 our total debt-to-ebitda ratio at december 31 , 2015 and 2014 , is calculated as follows: .

Table:
years ended december 31, | 2015 | 2014
net income | 1422 | 1431
interest expense | 273 | 255
income taxes | 267 | 334
depreciation of fixed assets | 229 | 242
amortization of intangible assets | 314 | 352
total ebitda | 2505 | 2614
total debt | 5737 | 5582
total debt-to-ebitda ratio | 2.3 | 2.1
we use ebitda , as defined by our financial covenants , as a non-gaap measure .
this supplemental information related to ebitda represents a measure not in accordance with u.s .
gaap and should be viewed in addition to , not instead of , our consolidated financial statements and notes thereto .
shelf registration statement on september 3 , 2015 , we filed a shelf registration statement with the sec , registering the offer and sale from time to time of an indeterminate amount of , among other securities , debt securities , preference shares , class a ordinary shares and convertible securities .
our ability to access the market as a source of liquidity is dependent on investor demand , market conditions and other factors. .

Question: what was the percent of the change in the interest expense from 2014 to 2015
Answer: 7.1%
Calculation: subtract(273, 255), divide(#0, 255)
stock total return performance the following graph compares our total return to stockholders with the returns of the standard & poor 2019s composite 500 index ( 201cs&p 500 201d ) and the dow jones us select health care providers index ( 201cpeer group 201d ) for the five years ended december 31 , 2018 . the graph assumes an investment of $ 100 in each of our common stock , the s&p 500 , and the peer group on december 31 , 2013 , and that dividends were reinvested when paid. .

Table:
 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 | 12/31/2017 | 12/31/2018
hum | $ 100 | $ 140 | $ 176 | $ 202 | $ 247 | $ 287
s&p 500 | $ 100 | $ 114 | $ 115 | $ 129 | $ 157 | $ 150
peer group | $ 100 | $ 128 | $ 135 | $ 137 | $ 173 | $ 191
the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Question: what is the lowest return for the first year of investment?
Answer: 14%
Calculation: subtract(114, 100)
4.2 Equity (continued)
Share buy-back
A buy-back is the purchase by a company of its existing shares. Refer to note 4.3 for further details.
Share-based payment reserve
This reserve records the value of shares under the Long Term Incentive Plan, and historical Employee and CEO Share Option plans offered to the CEO, Executives and employees as part of their remuneration. Refer to note 5.2 for further details of these plans.
Business combination reserve
The internal group restructure performed in the 2007 financial year, which interposed the holding company, iSelect Limited, into the consolidated group was exempted by AASB 3 Business Combinations as it precludes entities or businesses under common control. The carry-over basis method of accounting was used for the restructuring of the iSelect Group. As such, the assets and liabilities were reflected at their carrying amounts. No adjustments were made to reflect fair values, or recognise any new assets or liabilities. No goodwill was recognised as a result of the combination and any difference between the consideration paid and the ‘equity’ acquired was reflected within equity as an equity reserve titled “Business Combination Reserve”.
Foreign currency translation reserve
Refer to Note 1.5 for further details.
Table:
 | CONSOLIDATED | 
 | 2019 $’000 | 2018 $’000
Reserves |  | 
Share-based payment reserve | 3,960 | 3,198
Business combination reserve | 5,571 | 5,571
Foreign currency translation reserve | (12) | (24)
 | 9,519 | 8,745


Question: What is the change in the Business combination reserve between 2018 and 2019?
Answer: 0
Calculation: 5,571-5,571
The following table summarizes the activity related to the Company's gross unrecognized tax benefits from April 1, 2016 to March 31, 2019 (amounts in millions):
As of March 31, 2019 and March 31, 2018, the Company had accrued interest and penalties related to tax contingencies of $88.1 million and $80.8 million, respectively. Interest and penalties charged to operations for the years ended March 31, 2018 and 2017 related to the Company's uncertain tax positions were $5.4 million and $5.8 million, respectively. Previously accrued interest and penalties that were released during the year ended March 31, 2019 were $37.5 million.
The total amount of gross unrecognized tax benefits was $763.4 million and $436.0 million as of March 31, 2019 and March 31, 2018, respectively, of which $664.4 million and $436.0 million is estimated to impact the Company's effective tax rate, if recognized. The Company estimates that it is reasonably possible unrecognized tax benefits as of March 31, 2019 could decrease by approximately $50.0 million in the next 12 months. Positions that may be resolved include various U.S. and non-U.S. matters.
Table:
 |  | Year Ended March 31, | 
 | 2019 | 2018 | 2017
Beginning balance | $436.0 | $398.5 | $220.7
Increases related to acquisitions | 329.7 | — | 193.3
Decreases related to settlements with tax authorities | (8.3) | (0.1) | (11.7)
Decreases related to statute of limitation expirations | (16.2) | (10.9) | (7.6)
Increases related to current year tax positions | 27.8 | 30.3 | 26.3
Increases (decreases) related to prior year tax positions | (5.6) | 18.2 | (22.5)
Ending balance | $763.4 | $436.0 | $398.5


Question: What was the change in the Beginning balance between 2017 and 2018?
Answer: 177.8
Calculation: 398.5-220.7
GreenSky, Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (United States Dollars in thousands, except per share data, unless otherwise stated)
Key details of the term loan are as follows:
(1) The principal balance of the term loan is scheduled to be repaid on a quarterly basis at an amortization rate of 0.25% per quarter through December 31, 2024, with the balance due at maturity. For each of the next five years, principal repayments on the term loan are expected to be $4,000.
(2) For the years ended December 31, 2019 and 2018, debt discount of $613 and $593, respectively, and debt issuance costs of $1,062
and $1,091, respectively, were amortized into interest expense in the Consolidated Statements of Operations. Giving effect to the
amortization of debt discount and debt issuance costs on the term loan, the effective interest rates were 5.95% and 5.99% during the
years ended December 31, 2019 and 2018, respectively.
Table:
 | December 31, | 
 | 2019 | 2018
Term loan, face value(1) | $393,000 | $397,000
Unamortized debt discount (2) | (3,115) | (3,728)
Unamortized debt issuance costs(2) | (5,388) | (6,450)
Term loan | $384,497 | $386,822


Question: What was the unamortized debt discount in 2018?
Answer: (3,728)
Figure 29. 2016/2018 LTIP Award Grants
(1) All of the Market-based PRSUs and one-third of the stock options and service-based RSUs granted to Mr. Anstice under the 2016/2018 LTIP that were scheduled to vest in February 2019 were canceled upon his termination of employment with the Company as of December 5, 2018.
(2) The number of Market-based PRSUs awarded is reflected at target. The final number of shares that may have been earned is 0% to 150% of target.
In February 2019, the committee determined the payouts for the calendar year 2016/2018 LTIP Awards of Market-based PRSUs. The number of shares represented by the Marketbased PRSUs earned over the performance period was based on our stock price performance compared to the market price performance of the SOX index.
Based on the above formula and Market-based PRSU Vesting Summary set forth in Figures 26 and 27, the Company’s stock price performance over the three-year performance period was equal to 89.93% and performance of the SOX index (based on market price) over the same three-year performance period was equal to 84.47%. Lam’s stock price outperformed the SOX index by 5.46%, which resulted in a performance payout of 110.93% to target number of Marketbased PRSUs granted to each NEO. Based on such results, the committee made the following payouts to each NEO for the 2016/2018 LTIP Award of Market-based PRSUs.
Table:
Named Executive Officer (1)(2) (1)(2) (1)(2) | Target Award Opportunity ($) | Market-based PRSUs award (#) | Stock Options Award (#) | Service-based RSUs Award (#)
Timothy M.Archer | 4,000,000 | 28,935 | 34,722 | 17,361
Douglas R.Bettinger | 2,750,000 | 19,892 | 23,871 | 11,935
Richard A.Gottscho | 3,250,000 | 23,509 | 28,209 | 14,105
Patrick J. Lord | 1,100,000 | 7,957 | — | 7,957
Vahid Vahedi | 1,100,000 | 7,957 | — | 7,957
Seshasayee(Sesha) Varadarajan | 1,100,000 | 7,957 | — | 7,957


Question: What was the Company's stock price performance over the three-year performance period?
Answer: 89.93%
18. Reconciliation of net cash flow from operating activities
The table below shows how our (loss)/profit for the year from continuing operations translates into cash flows generated from our operating activities.
Table:
 |  | 2019 | 2018 | 2017
 | Notes | €m | €m | €m
(Loss)/profit for the financial year |  | (7,644) | 2,788 | (6,079)
Loss from discontinued operations | 7 | 3,535 | 1,969 | 4,107
(Loss)/profit for the financial year from continuing operations |  | (4,109) | 4,757 | (1,972)
Non-operating expense |  | 7 | 32 | 1
Investment income |  | (433) | (685) | (474)
Financing costs |  | 2,088 | 1,074 | 1,406
Income tax expense/(credit) | 6 | 1,496 | (879) | 4,764
Operating (loss)/profit |  | (951) | 4,299 | 3,725
Adjustments for: |  |  |  | 
Share-based payments and other non-cash charges |  | 147 | 128 | 95
Depreciation and amortisation | 10, 11 | 9,795 | 10,409 | 11,086
Loss on disposal of property, plant and equipment and intangible assets | 3 | 33 | 36 | 22
Share of result of equity accounted associates and joint ventures |  | 908 | 59 | (47)
Impairment losses | 4 | 3,525 | – | –
Other expense/(income) |  | 148 | (213) | (1,052)
(Increase)/decrease in inventory |  | (131) | (26) | 117
(Increase)/decrease in trade and other receivables | 14 | (31) | (1,118) | 308
Increase/(decrease) in trade and other payables | 15 | 739 | 286 | (473)
Cash generated by operations |  | 14,182 | 13,860 | 13,781
Net tax paid |  | (1,131) | (1,118) | (761)
Cash flows from discontinued operations |  | (71) | 858 | 1,203
Net cash flow from operating activities |  | 12,980 | 13,600 | 14,223


Question: What is the average net cash flow from operating activities between 2017 and 2018?
Answer: 13911.5
Calculation: (13,600+14,223)/2
Review of operations
The Group’s operating performance for the fiscal year compared to last year is as follows:
1. The Directors believe the information additional to IFRS measures included in the report is relevant and useful in measuring the financial performance of the Group. These include: EBITDA, NPATA and EPSa. These measures have been defined in the Chairperson and Chief Executive Officer’s Joint Report on page 2.
In 2019 the business continued to deliver strong results after the record 2018 year. Revenues and EBITDA were in line with guidance. Further details on the Group’s results are outlined in the Chairperson and Chief Executive Officer’s Joint Report on page 2.
On 1 June 2019, Hansen acquired the Sigma Systems business (Sigma) and one month of these results are included in the FY19 result. Also included in the results are the transaction and other restructuring costs related to the acquisition, which we have identified as separately disclosed items in our results.
This acquisition has also resulted in the re-balancing of the Group’s market portfolio which, post the acquisition of Enoro in FY18, was initially weighted towards the Utilities sector. With Sigma’s revenues concentrated in the Communications sector, the Group’s revenue portfolio is now re-balanced to ensure greater diversification across multiple industries, regions and clients.
The Group has generated operating cash flows of $39.7 million, which has been used to retire external debt and fund dividends of $12.6 million during the financial year. With the introduction of a higher level of debt in June 2019 to fund the Sigma acquisition, the Group has, for the first time, used the strength of the Group’s balance sheet to fund 100% of an acquisition. With the Group’s strong cash generation, Hansen is well placed to service and retire the debt over the coming years.
Table:
 | 2019 | 2018 | 
 | A$ Million | A$ Million | Variance %
Operating revenue | 231.3 | 230.8 | 0.2%
EBITDA1 | 53.0 | 59.3 | (10.6%)
NPAT | 21.5 | 28.9 | (25.6%)
NPATA1 | 31.2 | 38.0 | (17.9%)
Basic earnings per share (EPS) (cents) | 10.9 | 14.8 | (26.4%)
Basic EPSa1 (cents) | 15.8 | 19.4 | (18.6%)


Question: How much operating cash flows was generated by Hansen Technologies?
Answer: $39.7 million
Contractual Obligations
Our contractual obligations as of December 31, 2019, were:
We have no off-balance sheet arrangements that have a material current effect or are reasonably likely to have a material future effect on our financial condition or changes in our financial condition.
Management believes that existing capital resources and funds generated from operations are sufficient to finance anticipated capital requirements.
Table:
 |  |  | Payments due by period |  | 
 | Total | 2020 | 2021-2022 | 2023-2024 | 2025-beyond
Long-term debt, including interest | $111,586 | $2,807 | $5,876 | $102,903 | $—
Operating lease payments | 37,610 | 4,467 | 8,764 | 7,813 | 16,566
Retirement obligations | 6,447 | 757 | 1,429 | 1,328 | 2,933
Total | $155,643 | $8,031 | $16,069 | $112,044 | $19,499


Question: What were the total contractual obligations?
Answer: 155,643
Stock-based compensation expense is included in the following captions of the consolidated statements of comprehensive income (loss) (in thousands): Stock-based compensation expense is included in the following captions of the consolidated statements of comprehensive income (loss) (in thousands):
As of February 28, 2019, there was $25.5 million of unrecognized stock-based compensation cost related to non-vested equity awards, which is expected to be recognized over a weighted-average remaining vesting period of 2.8 years.
Table:
 |  | Year Ended February 28, | 
 | 2019 | 2018 | 2017
Cost of revenues | $723 | $653 | $374
Research and development | 2,061 | 1,471 | 1,033
Selling and marketing | 2,863 | 2,314 | 1,655
General and administrative | 5,382 | 4,860 | 4,771
 | $11,029 | $9,298 | $7,833


Question: What was the change in Research and Development between 2018 and 2019?
Answer: 590
Calculation: (2,061-1,471)
The following tables present the recorded investment by portfolio segment and by class, excluding commercial financing receivables and other miscellaneous financing receivables at December 31, 2019 and 2018. Commercial financing receivables are excluded from the presentation of financing receivables by portfolio segment, as they are short term in nature and the current estimated risk of loss and resulting impact to the company’s financing results are not material.
Write-offs of lease receivables and loan receivables were $16 million and $47 million, respectively, for the year ended December 31, 2019. Provisions for credit losses recorded for lease receivables and loan receivables were a release of $6 million and an addition of $2 million, respectively, for the year ended December 31, 2019.
The average recorded investment of impaired leases and loans for Americas, EMEA and Asia Pacific was $138 million, $49 million and $45 million, respectively, for the year ended December 31, 2019. Both interest income recognized, and interest income recognized on a cash basis on impaired leases and loans were immaterial for the year ended December 31, 2019.
Table:
($ in millions) |  |  |  | 
At December 31, 2019: | Americas | EMEA | Asia Pacific | Total
Recorded investment: |  |  |  | 
Lease receivables | $ 3,419 | $1,186 | $  963 | $ 5,567
Loan receivables | 6,726 | 3,901 | 2,395 | 13,022
Ending balance | $10,144 | $5,087 | $3,359 | $18,590
Recorded investment, collectively evaluated for impairment | $10,032 | $5,040 | $3,326 | $18,399
Recorded investment, individually evaluated for impairment | $   112 | $   47 | $   32 | $   191
Allowance for credit losses |  |  |  | 
Beginning balance at January 1, 2019 |  |  |  | 
Lease receivables | $    53 | $   22 | $   24 | $     99
Loan receivables | 105 | 43 | 32 | 179
Total | $   158 | $   65 | $   56 | $   279
Write-offs | (42) | (3) | (18) | (63)
Recoveries | 1 | 0 | 1 | 2
Provision | 5 | (7) | (3) | (5)
Other* | (1) | 0 | (1) | (2)
Ending balance at December 31, 2019 | $   120 | $   54 | $   36 | $   210
Lease receivables | $    33 | $   23 | $   16 | $    72
Loan receivables | $    88 | $   31 | $   20 | $   138
Related allowance, collectively evaluated for impairment | $    25 | $   11 | $    4 | $    39
Related allowance, individually evaluated for impairment | $    96 | $   43 | $   32 | $   171


Question: What is the average Allowance for credit losses of Lease receivables at the beginning of January 2019?
Answer: 33
Calculation: 99/ 3