hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
A.4.2 Income
As a result of the development described for the segments, Income from continuing operations before income taxes declined 7 %. Severance charges for continuing operations were € 619 million, of which € 492 million were in Industrial Businesses. Accordingly, Adjusted EBITA margin Industrial Businesses excluding severance charges was 11.5 % in fiscal 2019. In fiscal 2018, severance charges for continuing operations were € 923 million, of which € 669 million were in Industrial Businesses.
The tax rate of 25% for fiscal 2019 was below the tax rate of 26% for the prior year, benefiting mainly from the reversal of income tax provisions outside Germany. As a result, Income from continuing operations declined 6%.
Income from discontinued operations, net of income taxes in the prior year included positive effects from the release of a provision related to former Communications activities.
The decline in basic earnings per share reflects the decrease of Net income attributable to Shareholders of Siemens AG, which was € 5,174 million in fiscal 2019 compared to € 5,807 million in fiscal 2018, partially offset by a lower number of weighted average shares outstanding. Basic earnings per share excluding severance charges was € 6.93.
As expected, ROCE at 11.1 % was below the target range set in our Siemens Financial Framework, reflecting in particular the effects from portfolio transactions in recent years, including the acquisitions of Mentor and Mendix at Digital Industries and the merger of Siemens’ wind power business with Gamesa Corporación Tecnológica, S. A. that created SGRE. The decline year-over-year was due both to lower income before interest after tax and to higher average capital employed.
Table:
 |  | Fiscal year | 
(in millions of €, earnings per share in €) | 2019 | 2018 | % Change
Digital Industries | 2,880 | 2,898 | (1) %
Smart Infrastructure | 1,500 | 1,574 | (5) %
Gas and Power | 679 | 722 | (6) %
Mobility | 983 | 958 | 3 %
Siemens Healthineers | 2,461 | 2,221 | 11 %
Siemens Gamesa Renewable Energy | 482 | 483 | 0 %
Industrial Businesses | 8,986 | 8,857 | 1 %
Adjusted EBITA margin Industrial Businesses | 10.9 % | 11.1 % | 
Financial Services | 632 | 633 | 0 %
Portfolio Companies | (71) | (305) | 77 %
Reconciliation to Consolidated Financial Statements | (2,028) | (1,135) | (79) %
Income from continuing operations before income taxes | 7,518 | 8,050 | (7) %
Income tax expenses | (1,872) | (2,054) | 9 %
Income from continuing operations | 5,646 | 5,996 | (6) %
Income from discontinued operations, net of income taxes | 3 | 124 | (98) %
Net income | 5,648 | 6,120 | (8) %
Basic earnings per share | 6.41 | 7.12 | (10) %
ROCE | 11.1 % | 12.6 % | 


Question: What is the increase / (decrease) in ROCE from 2018 to 2019?
Answer: -1.5
Calculation: 11.1% - 12.6%
Income Taxes
nm - not meaningful
For fiscal 2018, the effective tax rate was different than the statutory rate due primarily to the impact of the Tax Act reform. The Company recorded a benefit of approximately $3.3 million resulting from the effect of a reduction in the deferred rate and the ability to offset indefinite lived deferred tax liabilities with certain deferred tax assets, recognition of net operating losses as deferred tax assets, which were offset by increases in the valuation allowance, certain foreign and state tax effects including a benefit of $0.4 million related to a settlement with the California Franchise Tax Board and other U.S. permanent book to tax differences. At March 31, 2018, we had $198.7 million of a federal net operating loss carryforward that expires, if unused, in fiscal years 2031 to 2038.
For fiscal 2017, the effective tax rate was different than the statutory rate due primarily to the recognition of net operating losses as deferred tax assets, which were offset by increases in the valuation allowance, state taxes and other U.S. permanent book to tax differences.
Although the timing and outcome of tax settlements are uncertain, it is reasonably possible that during the next 12 months a reduction in unrecognized tax benefits may occur in the range of zero to $0.1 million of tax and zero to $0.2 million of interest based on the outcome of tax examinations and as a result of the expiration of various statutes of limitations. We are routinely audited; due to the ongoing nature of current examinations in multiple jurisdictions, other changes could occur in the amount of gross unrecognized tax benefits during the next 12 months which cannot be estimated at this time.
Because of our losses in prior periods, we have recorded a valuation allowance offsetting substantially all of our deferred tax assets. The ultimate realization of deferred tax assets generated prior to Tax Act reform depends on the generation of future taxable income during the periods in which those temporary differences are deductible. Because of our losses in prior periods, management believes that it is more-likely-than-not that we will not realize the benefits of these deductible differences.
Table:
 | Year ended March 31, |  | (Unfavorable) favorable | 
(Dollars in thousands) | 2018 | 2017 | $ | %
Income tax (benefit) expense | $ (3,251) | $ 236 | $ 3,487 | nm
Effective tax rate | (28.0)% | (2.1)% |  | 


Question: What was the company recorded benefit resulting from the effect of reduction in rate?
Answer: $3.3 million
28 SHARE BASED COMPENSATION PLANS
The compensation cost recognised with respect to all outstanding plans and by grant of shares, which are all equity settled instruments, is as follows:
(*) includes of 1,305,399 options granted towards Share Plan 2015 during twelve months ended March 31, 2019 at an average exercise price of $14.86 per share and average grant date fair value $2.6 per share.
(**) includes Restricted Share Unit (RSU) and Other share option plans. In respect of 211,567 units/options granted towards RSU during twelve months ended March 31, 2019, grant date fair value approximates intrinsic value $10.48 per share. (**) includes Restricted Share Unit (RSU) and Other share option plans. In respect of 211,567 units/options granted towards RSU during twelve months ended March 31, 2019, grant date fair value approximates intrinsic value $10.48 per share.
(***) includes 1,400,000 shares granted twelve months ended March 31, 2019 to management personnel at grant date fair value $10.08 per share.
Joint Stock Ownership Plan (JSOP)
In April 2012, the Company established a controlled trust called the Eros International Plc Employee Benefit Trust (“JSOP Trust”). The JSOP Trust purchased 2,000,164 shares of the Company out of funds borrowed from the Company and repayable on demand. The Company’s Board, Nomination and Remuneration Committee recommends to the JSOP Trust certain employees, officers and key management personnel, to whom the JSOP Trust will be required to grant shares from its holdings at nominal price. Such shares are then held by the JSOP Trust and the scheme is referred to as the “JSOP Plan.” The shares held by the JSOP Trust are reported as a reduction in stockholders’ equity and termed as ‘JSOP reserves’.
Table:
 |  | Year ended March 31 | 
 | 2019 | 2018 | 2017
 |  | (in thousands) | 
IPO India Plan | $1,198 | $1,572 | $2,140
JSOP Plan | — | 615 | 3,622
Option award scheme 2012 | — | 197 | 699
2014 Share Plan | 47 | (22) | 1,427
2015 Share Plan(*) | 3,059 | 100 | 328
Other share option awards(**) | 5,346 | 7,283 | 4,405
Management scheme (staff share grant) (***) | 11,911 | 8,173 | 10,850
 | $21,561 | $17,918 | $23,471


Question: Which fiscal year had the lowest Management scheme (staff share grant) compensation costs?
Answer: 2018
Calculation: 8,173<10,850<11,911
Total CO2 emissions FY19
1 Tonnes of carbon dioxide equivalent.
2 Absolute carbon emissions divided by revenue in millions.
Auto Trader is required to measure and
report its direct and indirect greenhouse
gas (‘GHG’) emissions by the Companies Act
2006 (Strategic Report and Directors’ Report)
Regulations 2013. The greenhouse gas
reporting period is aligned to the financial
reporting year. The methodology used to
calculate our emissions is based on the
financial consolidation approach, as
defined in the Greenhouse Gas Protocol,
A Corporate Accounting and Reporting
Standard (Revised Edition). Emission
factors used are from UK government
(‘BEIS’) conversion factor guidance for
the year reported.
Auto Trader is required to measure and report its direct and indirect greenhouse gas (‘GHG’) emissions by the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013. The greenhouse gas reporting period is aligned to the financial reporting year. The methodology used to calculate our emissions is based on the financial consolidation approach, as defined in the Greenhouse Gas Protocol, A Corporate Accounting and Reporting Standard (Revised Edition). Emission factors used are from UK government (‘BEIS’) conversion factor guidance for the year reported.
The report includes the ‘Scope 1’ (combustion of fuel) in relation to company cars and ‘Scope 2’ (purchased electricity and gas) emissions associated with our offices. We have chosen to include the emissions associated with leased company cars in Scope 1, as we are responsible for these emissions.
We have chosen to present a revenue intensity ratio as this is a relevant indicator of our growth and is aligned with our business strategy. The reduction in our GHG emissions is due to a reduction in the fuel emissions from our company car fleet, as the fleet has reduced. We have also reduced the amount of electricity we use, and this coupled with a decrease in BEIS conversion factors has also contributed to our Scope 2 reduction.
Table:
 | FY19 | FY18 | FY17 | FY16
Scope 1 | 263 | 390 | 491 | 565
Manchester | 213 | 281 | 361 | 357
London | 44 | 60 | 76 | 88
Scope 2 | 258 | 340 | 437 | 445
Total | 521 | 731 | 928 | 1,010
Revenue | 355.1 | 330.1 | 311.5 | 281.6
Carbon intensity | 1.47 | 2.21 | 2.98 | 3.59
Year-on-year change | -34% | -26% | -17% | 


Question: What are the units used when representing the Total CO2 emissions?
Answer: Tonnes of carbon dioxide equivalent.
table of contents part ii , item 8 schlumberger limited ( schlumberger n.v. , incorporated in the netherlands antilles ) and subsidiary companies shares of common stock issued treasury shares outstanding .

Table:
 | issued | in treasury | shares outstanding
balance january 1 2001 | 667085793 | -94361099 ( 94361099 ) | 572724694
employee stock purchase plan | 2013 | 1752833 | 1752833
shares granted to directors | 2013 | 4800 | 4800
shares sold to optionees | 8385 | 1399686 | 1408071
balance december 31 2001 | 667094178 | -91203780 ( 91203780 ) | 575890398
employee stock purchase plan | 2013 | 2677842 | 2677842
shares granted to directors | 2013 | 3500 | 3500
shares sold to optionees | 10490 | 2243400 | 2253890
acquisition of technoguide | 2013 | 1347485 | 1347485
balance december 31 2002 | 667104668 | -84931553 ( 84931553 ) | 582173115
employee stock purchase plan | 2013 | 2464088 | 2464088
shares granted to directors | 2013 | 3500 | 3500
shares sold to optionees | 1320 | 1306305 | 1307625
balance december 31 2003 | 667105988 | -81157660 ( 81157660 ) | 585948328
see the notes to consolidated financial statements 39 / slb 2003 form 10-k .

Question: the acquisition of technoguide accounted for what percentage of shares outstanding?
Answer: 0.2%
Calculation: divide(1347485, 582173115)
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
(a) Cisco common stock is traded on the Nasdaq Global Select Market under the symbol CSCO. Information regarding quarterly cash dividends declared on Cisco’s common stock during fiscal 2019 and 2018 may be found in Supplementary Financial Data on page 106 of this report. There were 39,216 registered shareholders as of August 30, 2019.
(b) Not applicable.
(c) Issuer purchases of equity securities (in millions, except per-share amounts):
On September 13, 2001, we announced that our Board of Directors had authorized a stock repurchase program. On February 13, 2019, our Board of Directors authorized a $15 billion increase to the stock repurchase program. As of July 27, 2019, the remaining authorized amount for stock repurchases under this program, including the additional authorization, is approximately $13.5 billion with no termination date.
For the majority of restricted stock units granted, the number of shares issued on the date the restricted stock units vest is net of shares withheld to meet applicable tax withholding requirements. Although these withheld shares are not issued or considered common stock repurchases under our stock repurchase program and therefore are not included in the preceding table, they are treated as common stock repurchases in our financial statements as they reduce the number of shares that would have been issued upon vesting (see Note 14 to the Consolidated Financial Statements).
Table:
Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
April 28, 2019 to May 25, 2019 | 42 | $54.33 | 42 | $15,700
May 26, 2019 to June 22, 2019 | 22 | $55.07 | 22 | $14,465
June 23, 2019 to July 27, 2019 | 18 | $56.46 | 18 | $13,460
Total | 82 | $54.99 | 82 | 


Question: How many shareholders were there as of August 30, 2019?
Answer: There were 39,216 registered shareholders as of August 30, 2019
Plan Assets  The fair value of plan assets, summarized by level within the fair value hierarchy described in Note 20, as of May 26, 2019, was as follows:
Level 1 assets are valued based on quoted prices in active markets for identical securities. The majority of the Level 1 assets listed above include the common stock of both U.S. and international companies, mutual funds, master limited partnership units, and real estate investment trusts, all of which are actively traded and priced in the market.
Level 2 assets are valued based on other significant observable inputs including quoted prices for similar securities, yield curves, indices, etc. Level 2 assets consist primarily of individual fixed income securities where values are based on quoted prices of similar securities and observable market data.
Level 3 assets consist of investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs.
Certain assets that are measured at fair value using the NAV (net asset value) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. Such investments are generally considered long-term in nature with varying redemption availability. For certain of these investments, with a fair value of approximately $51.0 million as of May 26, 2019, the asset managers have the ability to impose customary redemption gates which may further restrict or limit the redemption of invested funds therein. As of May 26, 2019, funds with a fair value of $4.2 million have imposed such gates.
As of May 26, 2019, we have unfunded commitments for additional investments of $48.3 million in private equity funds and $17.0 million in natural resources funds. We expect unfunded commitments to be funded from plan assets rather than the general assets of the Company.
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)
Table:
 | Level 1 | Level 2 | Level 3 | Total
Cash and cash equivalents | $0.7 | $77.7 | $— | $78.4
Equity securities: |  |  |  | 
U.S. equity securities | 56.3 | 91.8 | — | 148.1
International equity securities | 87.8 | 0.4 | — | 88.2
Fixed income securities: |  |  |  | 
Government bonds | — | 748.3 | — | 748.3
Corporate bonds | — | 2,255.5 | — | 2,255.5
Mortgage-backed bonds | — | 31.1 | — | 31.1
Real estate funds | 0.4 | — | — | 0.4
Net receivables for unsettled transactions | 5.6 | — | — | 5.6
Fair value measurement of pension plan assets in the fair value hierarchy | $150.8 | $3,204.8 | $— | $3,355.6
Investments measured at net asset value |  |  |  | 245.9
Total pension plan assets |  |  |  | $3,601.5


Question: What is the ratio of Level 1 assets to Level 2 assets?
Answer: 0.05
Calculation: 150.8/3,204.8
Results of Operations
Consolidated Results of Operations
The following tables present certain financial data for the periods indicated (dollars in millions):
Table:
 |  | Year ended December 31, | 
 | 2019 | 2018 | 2017
Revenues | $1,177.2 | $1,114.0 | $1,051.6
Expenses: |  |  | 
Operating expenses | 646.0 | 625.4 | 569.5
Depreciation and amortization | 236.2 | 217.0 | 206.5
Transition and integration costs | 5.4 | 6.6 | 13.1
Total expenses | 887.6 | 849.0 | 789.1
Operating income | 289.6 | 265.0 | 262.5
Operating margin | 24.6% | 23.8% | 25.0%
Interest expense, net | (63.5) | (51.7) | (57.5)
Other expense, net | (1.4) | (7.1) | (12.6)
Earnings before income taxes and equity in losses of unconsolidated affiliates | 224.7 | 206.2 | 192.4
Income tax expense (benefit) | 41.9 | 37.7 | (61.8)
Earnings before equity in losses of unconsolidated affiliates | 182.8 | 168.5 | 254.2
Equity in losses of unconsolidated affiliates, net of tax | (74.0) | — | —
Net earnings | $108.8 | $168.5 | $254.2
Earnings per share: |  |  | 
Net earnings per share attributable to Black Knight common shareholders: |  |  | 
Diluted | $0.73 | $1.14 | $1.47
Weighted average shares of common stock outstanding: |  |  | 
Diluted | 148.6 | 148.2 | 152.4


Question: What were the total expenses in 2018?
Answer: 849.0
(1) Includes construction costs capitalized related to build-to-suit facilities:
As of March 31, 2019 and 2018, the U.S. build-to-suit facility includes company-funded building improvements of $5.2 million and $4.5 million, respectively. In March 2019, the Company derecognized the U.K. build-to-suit facility upon substantial completion of construction. See Note 12 for further details.
Table:
 | As of March 31, | 
 | 2019 | 2018
U.S. build-to-suit facility | $47,001 | $43,925
U.K. build-to-suit facility | — | 31,240
Less: Accumulated depreciation | (5,164) | (753)
 | $41,837 | $74,412


Question: What is the change in U.S. build-to-suit facility from March 31, 2018 to March 31, 2019?
Answer: 3076
Calculation: 47,001-43,925
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: What is the percentage change in the sum of cash deposits and derivative financial instrument assets from 2018 to 2019?
Answer: -16.67
Calculation: (203.5-244.2)/244.2
22 Trade and Other Payables
Trade payables are non interest-bearing and are normally settled on 30-day terms or as otherwise agreed with suppliers.
Table:
 | 31 March 2019 | 31 March 2018
 | $M | $M
Current |  | 
Trade payables | 35.8 | 39.6
Accruals | 46.6 | 68.4
Social security and other taxes | 12.7 | 14.9
Other payables | 7.1 | 11.2
Total current trade and other payables | 102.2 | 134.1
Non-Current |  | 
Other payables | 10.1 | 8.2
Total non-current trade and other payables | 10.1 | 8.2


Question: In which year was the amount of Total non-current trade and other payables larger?
Answer: 2019
Calculation: 10.1>8.2
Information about Contract Balances
Amounts collected in advance of services being provided are accounted for as deferred revenue. Nearly all of the Company's deferred revenue balance is related to services revenue, primarily customer support contracts.
In some arrangements the Company allows customers to pay for term based software licenses and products over the term of the software license. Amounts recognized as revenue in excess of amounts billed are recorded as unbilled receivables. Unbilled receivables which are anticipated to be invoiced in the next twelve months are included in Accounts receivable on the consolidated balance sheet. Long term unbilled receivables are included in Other assets. The opening and closing balances of the Company’s accounts receivable, unbilled receivables, and deferred revenues are as follows:
The increase in accounts receivable is primarily a result of an increase in subscription software transactions that are recognized as revenue at the time of sale but paid for over time. The net increase in deferred revenue is primarily the result of an increase in deferred customer support revenue related to software and products revenue transactions and customer support renewals during fiscal 2019.
The amount of revenue recognized in the period that was included in the opening deferred revenue balance was $238,603 for the year ended March 31, 2019. The vast majority of this revenue consists of customer support arrangements. The amount of revenue recognized from performance obligations satisfied in prior periods was not material.
Notes to Consolidated Financial Statements — (Continued) (In thousands, except per share data)
Table:
 | Accounts Receivable | Unbilled Receivable (current) | Unbilled Receivable (long-term) | Deferred Revenue (current) | Deferred Revenue (long-term)
Opening Balance as of March 31, 2018 | $152,219 | $9,900 | $4,380 | $241,113 | $84,661
Increase/(decrease), net | 9,351 | 5,366 | 2,836 | (2,674) | 14,596
Ending Balance as of March 31, 2019 | $161,570 | $15,266 | $7,216 | $238,439 | $99,257


Question: What is the ending balance as of March 31, 2019 for Accounts Receivables?
Answer: $161,570
Share-based payments
Disclosures of the share-based payments offered to employees are set out below. More detail on each scheme is given in the Annual Report on Remuneration 2019 on pages 102 to 132. The charge to the Income Statement in respect of share-based payments is made up as follows:
Table:
 | 2019 | 2018
 | £m | £m
Performance Share Plan | 5.1 | 4.7
Employee Share Ownership Plan | 1.1 | 1.0
Total expense recognised in Income Statement | 6.2 | 5.7


Question: Where can more details on each shares payment scheme be found?
Answer: in the Annual Report on Remuneration 2019 on pages 102 to 132