hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
17. Called up share capital
Called up share capital is the number of shares in issue at their par value. A number of shares were allotted during the year in relation to employee share schemes.
Accounting policies
Equity instruments issued by the Group are recorded at the amount of the proceeds received, net of direct issuance costs.
Notes: 1 At 31 March 2019 the Group held 1,584,882,610 (2018: 2,139,038,029) treasury shares with a nominal value of €264 million (2018: €356 million). The market value of shares held was €2,566 million (2018: €4,738 million). During the year, 45,657,750 (2018: 53,026,317) treasury shares were reissued under Group share schemes. On 25 August 2017, 729,077,001 treasury shares were issued in settlement of tranche 1 of a maturing subordinated mandatory convertible bond issued on 19 February 2016. On 25 February 2019, 799,067,749 treasury shares were issued in settlement of tranche 2 of the maturing subordinated mandatory convertible bond.
2 On 5 March 2019 the Group announced the placing of subordinated mandatory convertible bonds totalling £1.72 billion with a 2 year maturity date in 2021 and £1.72 billion with a 3 year maturity date due in 2022. The bonds are convertible into a total of 2,547,204,739 ordinary shares with a conversion price of £1.3505 per share.
3 Represents US share awards and option scheme awards.
Table:
 |  | 2019 |  | 2018
 | Number | €m | Number | €m
Ordinary shares of 2020⁄21 US cents each allotted, issued and fully paid:1, 2 |  |  |  | 
1 April | 28,814,803,308 | 4,796 | 28,814,142,848 | 4,796
Allotted during the year3 | 454,870 | – | 660,460 | –
31 March | 28,815,258,178 | 4,796 | 28,814,803,308 | 4,796


Question: Which financial years' information is shown in the table?
Answer: 2018, 2019
Issuer Purchases of Equity Securities
In March 2011, our Board of Directors approved a stock repurchase program, pursuant to which we are authorized to repurchase up to $1.5 billion of our common stock (the “2011 Buyback”). In addition to the 2011 Buyback, in December 2017, our Board of Directors approved an additional stock repurchase program, pursuant to which we are authorized to repurchase up to $2.0 billion of our common stock (the “2017 Buyback”, and together with the 2011 Buyback the “Buyback Programs”).
During the three months ended December 31, 2019, we repurchased a total of 93,654 shares of our common stock for an aggregate of $19.6 million, including commissions and fees, pursuant to the 2011 Buyback. There were no repurchases under the 2017 Buyback. The table below sets forth details of our repurchases under the 2011 Buyback during the three months ended December 31, 2019.
(1) Repurchases made pursuant to the 2011 Buyback
(2) Average price paid per share is a weighted average calculation using the aggregate price, excluding commissions and fees.
(3) Remaining under the 2011 Buyback.
We have repurchased a total of 14.1 million shares of our common stock under the 2011 Buyback for an aggregate of $1.4 billion, including commissions and fees. We expect to continue to manage the pacing of the remaining $2.1 billion under the Buyback Programs in response to general market conditions and other relevant factors. We expect to fund any further repurchases of our common stock through a combination of cash on hand, cash generated by operations and borrowings under our credit facilities. Purchases under the Buyback Programs are subject to our having available cash to fund repurchases.
Under the Buyback Programs, our management is authorized to purchase shares from time to time through open market purchases or in privately negotiated transactions not to exceed market prices and subject to market conditions and other factors. With respect to open market purchases, we may use plans adopted in accordance with Rule 10b5-1 under the Exchange Act in accordance with securities laws and other legal requirements, which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods. These programs may be discontinued at any time.
Table:
Period | Total Number of Shares Purchased (1) | Average Price Paid per Share (2) | 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 (3)
 |  |  |  | (in millions)
October 1, 2019 - October 31, 2019 | — | $ | — | $
November 1, 2019 - November 30, 2019 | 42,800 | $209.74 | 42,800 | $103.1
December 1, 2019 - December 31, 2019 | 50,854 | $209.59 | 50,854 | $92.4
Total Fourth Quarter | 93,654 | $209.66 | 93,654 | $92.4


Question: What was the percentage change in the Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs between November and December?
Answer: -10.38
Calculation: ($92.4-$103.1)/$103.1
Information about VMware’s payments for such arrangements during the periods presented consisted of the following (table in millions):
1) Amount includes indirect taxes that were remitted to Dell during the periods presented.
VMware also purchases Dell products through Dell’s channel partners. Purchases of Dell products through Dell’s channel partners were not significant during the periods presented.
From time to time, VMware and Dell also enter into joint marketing, sales, branding and product development arrangements, for which both parties may incur costs.
During the fourth quarter of fiscal 2020, VMware entered into an arrangement with Dell to transfer approximately 250 professional services employees from Dell to VMware. These employees are experienced in providing professional services delivering VMware technology and this transfer centralizes these resources within the Company in order to serve its customers more efficiently and effectively. The transfer was substantially completed during the fourth quarter of fiscal 2020 and did not have a material impact to the consolidated financial statements. VMware also expects that Dell will resell VMware consulting solutions.
During the third quarter of fiscal 2019, VMware acquired technology and employees related to the Dell EMC Service Assurance Suite, which provides root cause analysis management software for communications service providers, from Dell. The purchase of the Dell EMC Service Assurance Suite was accounted for as a transaction by entities under common control. The amount of the purchase price in excess of the historical cost of the acquired assets was recognized as a reduction to retained earnings on the consolidated balance sheets. Transition services were provided by Dell over a period of 18 months, starting from the date of the acquisition, which were not significant.
During the second quarter of fiscal 2018, VMware acquired Wavefront, Inc. (“Wavefront”). Upon closing of the acquisition, Dell was paid $20 million in cash for its non-controlling ownership interest in Wavefront.
Table:
 |  | For the Year Ended | 
 | January 31, 2020 | February 1, 2019 | February 2, 2018
Purchases and leases of products and purchases of services(1) | $242 | $200 | $142
Dell subsidiary support and administrative costs | 119 | 145 | 212


Question: Which years does the table provide information for VMware’s payments for such arrangements?
Answer: 2020, 2019, 2018
The fair value of the assets held by the U.K. pension plan by asset category are as follows:
The expected long-term rates of return on plan assets are equal to the yields to maturity of appropriate indices for government and corporate bonds and by adding a premium to the government bond return for equities. The expected rate of return on cash is the Bank of England base rate in force at the effective date.
Level 1 investments represent mutual funds for which a quoted market price is available on an active market. These investments primarily hold stocks or bonds, or a combination of stocks and bonds.
Table:
 |  |  |  | Fair value as of |  |  |  | 
 | September 30, 2019 |  |  |  | September 30, 2018 |  |  | 
 | Fair Value Measurements Using Inputs Considered as |  |  |  | Fair Value Measurements Using Inputs Considered as |  |  | 
Asset category | Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3
Cash on deposit | $279 | $279 | $- | $- | $36 | $36 | $- | $-
Pooled funds | 7,959 | 7,959 | - | - | 8,234 | 8,234 | - | -
Total plan assets | $8,238 | $8,238 | $- | $- | $8,270 | $8,270 | $- | $-


Question: What is the percentage change in the total plan assets between 2018 and 2019?
Answer: -0.39
Calculation: ($8,238 - $8,270)/ $8,270
Note 6: Equity Method Investments
The following table provides a reconciliation of equity method investments to the Company's Consolidated Balance Sheets (amounts in thousands):
TOKIN's Joint Ventures - NYC and NTS
As noted in Note 2, “Acquisitions,” on April 19, 2017, the Company completed its acquisition of the remaining 66% economic interest in TOKIN and TOKIN became a 100% owned subsidiary of KEMET. TOKIN had two investments at the time of acquisition: NYC and NTS. The Company accounts for both investments using the equity method due to the related nature of operations and the Company's ability to influence management decisions.
NYC was established in 1966 by TOKIN and Mitsui Mining and Smelting Co., Ltd (“Mitsui”). NYC was established to commercialize yttrium oxides and the Company owns 30% of NYC's stock. The carrying amount of the Company's equity investment in NYC was $8.2 million and $8.1 million as of March 31, 2019 and 2018, respectively.
NTS was established in 2004 by TOKIN, however subsequent to its formation, TOKIN sold 67% of its stock. NTS provides world-class electronic devices by utilizing global procurement networks and the Company owns 33% of NTS' stock. During the year ended March 31, 2019, a significant portion of NTS' sales were TOKIN’s products. The carrying amount of the Company's equity investment in NTS was $1.2 million and $1.0 million as of March 31, 2019 and 2018, respectively.
Table:
 | March 31, | 
 | 2019 | 2018
Nippon Yttrium Co., Ltd ("NYC") | $8,215 | $8,148
NT Sales Co., Ltd ("NTS") | 1,218 | 998
Novasentis | 977 | 2,870
KEMET Jianghai Electronics Components Co., Ltd (“KEMET Jianghai”) | 2,515 | —
 | $12,925 | $12,016


Question: What was the amount of investments into Novasentis in 2019?
Answer: 977
4. Link between Group performance and remuneration outcomes
The Altium Remuneration Framework is designed to align key employee remuneration to shareholder returns (in the form of capital appreciation and dividends). The table below shows the Group performance on key financial results and performance metrics over the last five years.
Altium’s remuneration strategy has evolved over the past seven years and we believe that it is linked intrinsically to the success of the Group. Strong payout results for STI and LTI have reflected the strong financial performance of the Group. In addition, STI and LTI hurdles have changed over time to better reflect what is most important for Group growth.
1 Normalised EPS and Profit for the year excludes deferred tax asset of US$77 million recognised on the transfer of core business assets to the USA.
2 The maximum STI payable based on the above performance hurdles is 100%, however based on achievement of individual personal goals, the overall achievement level may be modified up to 150% or down to 0%.
Table:
 | 2019 | 2018 | 2017 | 2016 | 2015
 | US$’000 | US$’000 | US$’000 | US$’000 | US$’000
Revenue | 171,819 | 140,176 | 110,865 | 93,597 | 80,216
EBITDA | 62,721 | 44,869 | 33,254 | 27,430 | 22,697
EPS | 40.57 | 28.86 | 21.70 | 17.89 | 12.47 1
Profit for the year | 52,893 | 37,489 | 28,077 | 23,020 | 15,398 1
Dividend declared - AU cents | 34 | 27 | 23 | 20 | 16
Share price - AU$ | $34.2 | 22.51 | 8.57 | 6.46 | 4.43
STI Achievement | 100% - 150% 2 | 131% | 103% | 97% | 63%
STI performance hurdles | 70% Revenue 30% EBITDA | 50% Revenue 50% EBITDA | 70% Revenue 30% EBITDA | 50% Revenue 50% EBITDA | Different metrics related to subscriber related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development related to subscriber growth, EPS and Product development
LTI Achievement | 100% | 100% | 100% | 100% | 50%
LTI performance hurdles | 50% Revenue | EPS | EPS | EPS | 50% Subscriber growth 50% EPS


Question: What is the share price  in 2019?
Answer: $34.2
(6) Intangible Assets
Intangible assets consist of the following (in thousands):
During 2019, we periodically assessed whether any indicators of impairment existed related to our intangible assets. As of each interim period end during the year, we concluded that a triggering event had not occurred that would more likely than not reduce the fair value of our intangible assets below their carrying values.
Amortization expense recognized in 2019, 2018 and 2017 was $23,671,000, $15,737,000 and $16,812,000, respectively.
Table:
 | December 31, | 
 | 2019 | 2018
Customer relationships | $336,455 | $159,566
Other | 15,621 | 5,555
 | 352,076 | 165,121
Accumulated amortization | (73,492) | (52,942)
Intangible assets, net | 278,584 | 112,179


Question: How much was the Amortization expense in 2018?
Answer: $15,737,000
Assets Measured at Fair Value on a Recurring Basis
Assets measured at fair value on a recurring basis at March 31, 2018 are as follows (amounts in millions):
There were no transfers between Level 1 or Level 2 during fiscal 2019 or fiscal 2018. There were no assets measured on a recurring basis during fiscal 2019 or fiscal 2018 using significant unobservable inputs (Level 3).
Table:
 | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Significant Other Observable Inputs (Level 2) | Total Balance
Assets |  |  | 
Cash and cash equivalents: |  |  | 
Money market mutual funds | $121.0 | $— | $121.0
Deposit accounts | — | 641.6 | 641.6
Commercial Paper | — | 118.7 | 118.7
Government agency bonds | — | 20.0 | 20.0
Short-term investments: |  |  | 
Marketable equity securities | 2.8 | — | 2.8
Corporate bonds and debt | — | 542.9 | 542.9
Time deposits | — | 11.5 | 11.5
Government agency bonds | — | 723.2 | 723.2
Municipal bonds - taxable | — | 14.9 | 14.9
Total assets measured at fair value | $123.8 | $2,072.8 | $2,196.6


Question: What was the total balance amount of short-term Government agency bonds as a percentage of the total balance of assets?
Answer: 32.92
Calculation: 723.2/2,196.6
Cash, Cash Equivalents and Restricted cash — Cash and cash equivalents consist of cash and highly liquid shortterm investments, primarily held in non-interest-bearing investments which have original maturities of less than 90 days. Cash and cash equivalents in the amount of $127.2 million and $128.7 million at December 31, 2019 and 2018, respectively, were primarily held in non-interest-bearing accounts. Cash and cash equivalents of $125.3 million and $115.7 million at December 31, 2019 and 2018, respectively, were held in international operations. Most of these funds will not be subject to additional taxes if repatriated to the United States. There are circumstances where the Company may be unable to repatriate some of the cash and cash equivalents held by its international operations due to country restrictions.
Restricted cash includes cash whereby the Company’s ability to use the funds at any time is contractually limited or is generally designated for specific purposes arising out of certain contractual or other obligations.
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported in the Consolidated Balance Sheets that sum to the amounts reported in the Consolidated Statements of Cash Flows (in thousands):
Table:
 |  | December 31, |  | 
 | 2019 | 2018 | 2017 | 2016
Cash and cash equivalents | $127,246 | $128,697 | $343,734 | $266,675
Restricted cash included in "Other current assets" | 568 | 149 | 154 | 160
Restricted cash included in "Deferred charges and other assets" | 1,371 | 1,385 | 917 | 759
 | $129,185 | $130,231 | $344,805 | $267,594


Question: In which years was Cash and cash equivalents calculated?
Answer: 2019, 2018, 2017, 2016
NOTE 3. PROPERTY AND EQUIPMENT
The classification of property and equipment, together with their estimated useful lives is as follows:
(1) Excludes assets held for sale
(2) Lesser of lease term or estimated useful life
The change in property and equipment in accrued liabilities was $14,315 and $15,674 for the fiscal years ended June 30, 2019 and 2018, respectively. These amounts were excluded from capital expenditures on the statements of cash flows.
No impairments of property and equipment were recorded in fiscal 2019 or 2018.
During the third quarter of fiscal 2019, the Company received an unsolicited offer to purchase its Houston, TX, facility. At June 30, 2019, the facility included assets with a carrying value of approximately $5,055. Although management has not committed to the sale, a sale of the facility during fiscal 2020 is likely and the Company expects to record a gain on the sale upon closing, since the offer represents full appraisal value for the facility. Therefore, the assets are considered held for sale at June 30, 2019. Also held for sale at June 30, 2019, was the Company’s Elizabethtown, KY facility. During the third quarter of fiscal 2018, the Company reached a definitive agreement to sell the property for $1,300 pending an expected closing date during the second quarter of fiscal 2020. An impairment loss was recorded on this facility during fiscal 2017 as disclosed in Note 2 to the Company’s consolidated financial statements. Total assets held for sale by the Company at June 30, 2019 and 2018 were $6,355 and $1,300, respectively, and were included in assets held for sale on the Company’s consolidated balance sheet for each year. Those balances are not included on the above table.
Table:
 | June 30, |  | 
 | 2019 | 2018 | Estimated Useful Life
Land (1) | $23,243 | $24,845 | 
Land improvements (1) | 25,209 | 25,383 | 5 - 20 years
Buildings (1) | 147,220 | 143,918 | 20 - 30 years
Leasehold improvements | 48,478 | 48,060 | 5 - 30 years(2)
Equipment and furniture | 365,101 | 328,864 | 3 - 10 years
Aircraft and equipment | 39,293 | 38,761 | 4 - 10 years
Construction in progress | 12,411 | 39,872 | 
 | 660,955 | 649,703 | 
Less accumulated depreciation | 388,481 | 364,153 | 
Property and equipment, net | $272,474 | $285,550 | 


Question: What is the average land amount for 2018 and 2019?
Answer: 24044
Calculation: (23,243+24,845)/2
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: What is the 2019 average net book value as at 31 March ?
Answer: 83750.5
Calculation: (83,773+83,728)/2
Foreign Currency Exchange Rate Risk
As part of managing the exposure to changes in foreign currency exchange rates, we utilize cross-currency swap contracts and foreign currency forward contracts, a portion of which are designated as cash flow hedges. The objective of these contracts is to minimize impacts to cash flows and profitability due to changes in foreign currency exchange rates on intercompany and other cash transactions. We expect that significantly all of the balance in accumulated other comprehensive income (loss) associated with the cash flow hedge-designated instruments addressing foreign exchange risks will be reclassified into the Consolidated Statement of Operations within the next twelve months.
During fiscal 2015, we entered into cross-currency swap contracts with an aggregate notional value of €1,000 million to reduce our exposure to foreign currency exchange rate risk associated with certain intercompany loans. Under the terms of these contracts, which have been designated as cash flow hedges, we make interest payments in euros at 3.50% per annum and receive interest in U.S. dollars at a weighted-average rate of 5.33% per annum. Upon the maturity of these contracts in fiscal 2022, we will pay the notional value of the contracts in euros and receive U.S. dollars from our counterparties. In connection with the cross-currency swap contracts, both counterparties to each contract are required to provide cash collateral.
At fiscal year end 2019, these cross-currency swap contracts were in an asset position of $19 million and were recorded in other assets on the Consolidated Balance Sheet. The cross-currency swap contracts were in a liability position of $100 million and were recorded in other liabilities on the Consolidated Balance Sheet at fiscal year end 2018. At fiscal year end 2019 and 2018, collateral received from or paid to our counterparties approximated the derivative positions and was recorded in accrued and other current liabilities (when the contracts are in an asset position) or prepaid expenses and other current assets (when the contracts are in a liability position) on the Consolidated Balance Sheets. The impacts of these cross-currency swap contracts were as follows:
(1) Gains and losses excluded from the hedging relationship are recognized prospectively in selling, general, and administrative expenses and are offset by losses and gains generated as a result of re-measuring certain intercompany loans to the U.S. dollar.
Table:
 |  | Fiscal | 
 | 2019 | 2018 | 2017
 |  | (in millions) | 
Gains (losses) recorded in other comprehensive income (loss) | $ 53 | $  (25) | $ (20)
Gains (losses) excluded from the hedging relationship (1) | 66 | 21 | (58)


Question: In which year was the Gains excluded from the hedging relationship the largest?
Answer: 2019
Calculation: 66>21>-58