hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Restricted Stock Awards
We present below a summary of changes in unvested units of restricted stock during 2019:
The Company recorded equity-based compensation expense related to restricted stock and RSUs (collectively “restricted stock awards”) of $31.8 million, $19.9 million, and $16.2 million in 2019, 2018 and 2017, respectively. The total fair value of restricted stock awards vested in 2019, 2018 and 2017, based on market value at the vesting dates was $18.2 million, $18.1 million, and $18.8 million, respectively. The weighted average grant-date fair value of RSUs granted during fiscal year 2019, 2018 and 2017 was $49.48, $51.72 and $49.01, respectively. As of December 31, 2019, unrecognized compensation cost related to unvested RSU totaled $47.5 million and is expected to be recognized over a weighted average period of approximately 2.5 years. In January 2017, we elected to recognize forfeitures of equity-based payments as they occur.
awards”) of $31.8 million, $19.9 million, and $16.2 million in 2019, 2018 and 2017, respectively. The total fair value of restricted
stock awards vested in 2019, 2018 and 2017, based on market value at the vesting dates was $18.2 million, $18.1 million, and $18.8
million, respectively. The weighted average grant-date fair value of RSUs granted during fiscal year 2019, 2018 and 2017 was $49.48,
$51.72 and $49.01, respectively. As of December 31, 2019, unrecognized compensation cost related to unvested RSU totaled $47.5
million and is expected to be recognized over a weighted average period of approximately 2.5 years. In January 2017, we elected to
recognize forfeitures of equity-based payments as they occur.
Included in RSU grants for the year ended December 31, 2019 are 282,327 units that have performance-based vesting criteria. The
performance criteria are tied to our financial performance. As of December 31, 2019, the associated equity-based compensation
expense has been recognized for the portion of the award attributable to the 2019 performance criteria.
Table:
 | Number of Units | Grant Date Fair Value
Outstanding at January 1, 2019    | 997,173 | $52.22
Granted    | 945,159 | 49.48
Vested    | (386,060) | 51.79
Forfeited    | (59,579) | 50.56
Outstanding at December 31, 2019    | 1,496,693 | $50.67


Question: What is the difference in grant date fair value between the vested stocks and the forfeited stocks?
Answer: 1.23
Calculation: 51.79-50.56
6. Inventories
Inventories at April 30, 2019 and 2018, respectively, consisted of the following (in thousands):
For the year ended April 30, 2018, the Company recorded a non-cash write-down of approximately $5.6 million of inventory. Inventory write-down resulted from two principal factors: (1) adoption by satellite manufacturers of policies precluding the use of parts and components over ten years old. This policy was unanticipated and resulted in reduced likelihood of FEI being able to use inventory that exceeds that threshold, and (2) changing technology associated with the advanced analog-to-digital converters which enables direct synthesis of certain frequencies for which FEI previously provided frequency conversion technology, reducing the likelihood that some parts and components associated with frequency conversion will be usable. Additionally, the Company’s new inventory reserve policy resulted in a charge of $1.1 million in the fiscal year ended April 30, 2019. Inventory reserves included in inventory were $6.6 million and $5.5 million for the fiscal years ended April 30, 2019 and 2018, respectively.
Table:
 | 2019 | 2018
Raw Materials and Component Parts | $11,600 | $ 16,206
Work in Progress | 8,896 | 8,216
Finished Goods | 2,860 | 1,764
 | $23,356 | $ 26,186


Question: What is the amount of finished goods in 2019 and 2018 respectively?
Answer: 2,860, 1,764
24. Operating lease commitments
The Group has lease agreements in respect of property, plant and equipment, for which future minimum payments extend over a number of years.
Leases primarily relate to the Group’s properties, which principally comprise offices and factories. Lease payments are typically subject to market review every five years to reflect market rentals, but because of the uncertainty over the amount of any future changes, such changes have not been reflected in the table below. Within our leasing arrangements there are no significant contingent rental, renewal, purchase or escalation clauses.
The future aggregate minimum lease payments under non-cancellable operating leases for continuing operations are as follows:
The Group has made provision for the aggregate minimum lease payments under non-cancellable operating leases. The Group sub-lets various properties under non-cancellable lease arrangements. Sub-lease receipts of £0.2m (2017/18: £0.2m) were recognised in the statement of profit or loss during the period. The total future minimum sub-lease payments at the period end is £0.2m (2017/18: £0.2m).
Table:
 | As at 30 Mar 2019 |  | As at 31 Mar 2018 | 
 | Property | Plant and Equipment | Property | Plant and Equipment
 | £m | £m | £m | £m
Within one year | 1.8 | 1.3 | 2.5 | 1.8
Between 2 and 5 years | 6.3 | 2.4 | 5.3 | 1.9
After 5 years | 6.0 | 0.5 | 9.4 | –
Total | 14.1 | 4.2 | 17.2 | 3.7


Question: What is the change in the total property payment due from 2018 to 2019?
Answer: -3.1
Calculation: 14.1 - 17.2
Foreign Sales
Revenues in each of the Company’s segments include sales to foreign governments or to companies located in foreign countries. For the years ended April 30, 2019 and 2018, revenues, based on the location of the procurement entity and excluding intersegment sales, were derived from the following countries (in thousands):
Table:
 | 2019 | 2018
Belgium | $49 | $64
France | 40 | 154
China | 359 | 512
Russia | 2 | 302
Germany | 36 | 143
Italy | 159 | 110
South Korea | - | 314
Singapore | 215 | 376
Other | 525 | 469
 | $1,361 | $ 2,444


Question: In 2018, what is the difference in revenue between South Korea and Singapore?
Answer: 62
Calculation: 376-314
12. Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss, net of taxes, consisted of the following:
Reclassifications related to gains and losses on available-for-sale debt securities are included in "Interest and other expense, net". Refer to Note 3, "Financial Instruments" for the amount and location of reclassifications related to derivative instruments. Reclassifications of the defined benefit pension components of net periodic benefit cost are included in "Interest and other expense, net". Refer to Note 15, "Retirement Benefit Plans."
Table:
 | Net Unrealized Gains (Losses) on Derivative Instruments | Net Unrealized Gains (Losses) on Available for Sale Securities | Defined Benefit Pension Components | Foreign Currency Translation Adjustments | Total
Balances, January 31, 2017 | $14.6 | $1.5 | $(33.8) | $(160.8) | $(178.5)
Other comprehensive (loss) income before reclassifications | (24.5) | (0.6) | 4.3 | 86.3 | 65.5
Pre-tax losses (gains) reclassified from accumulated other comprehensive income | (9.9) | 0.3 | 0.9 | 0.1 | (8.6)
Tax effects | 3.2 | 0.1 | (0.7) | (4.8) | (2.2)
Net current period other comprehensive (loss) income | (31.2) | (0.2) | 4.5 | 81.6 | 54.7
Balances, January 31, 2018 | (16.6) | 1.3 | (29.3) | (79.2) | (123.8)
Other comprehensive income (loss) before reclassifications | 20.6 | 0.7 | 14.7 | (58.3) | (22.3)
Pre-tax gains reclassified from accumulated other comprehensive income | 12.1 | 1.3 | 0.3 | — | 13.7
Tax effects | (1.1) | — | (2.0) | 0.5 | (2.6)
Net current period other comprehensive income (loss) | 31.6 | 2.0 | 13.0 | (57.8) | (11.2)
Balances, January 31, 2019 | $15.0 | $3.3 | $(16.3) | $(137.0) | $(135.0)


Question: Where are reclassifications related to gains and losses on available-for-sale debt securities included in?
Answer: Reclassifications related to gains and losses on available-for-sale debt securities are included in "Interest and other expense, net".
Operating Expenses
The following table highlights our operating expenses and operating loss as a percentage of net revenues:
Table:
 |  | Year Ended  | 
 | June 30,
2019 | June 30,2018 | June 30,
2017
Research and development   | 21.1% | 18.7% | 15.4%
Sales and marketing   | 28.7% | 27.2% | 26.8%
General and administrative   | 5.6% | 5.2% | 6.2%
Acquisition and integration costs, net of bargain purchase gain   | 0.3% | 5.5% | 2.2%
Restructuring charges, net of reversals   | 0.5% | 0.8% | 1.5%
Amortization of intangibles   | 0.6% | 0.9% | 1.4%
Total operating expenses | 56.8% | 58.3% | 53.5%
Operating (loss) income   | (1.5)% | (3.9)% | 1.0%


Question: What was the change in the Total operating expenses as a percentage of net revenues between 2018 and 2019?
Answer: -1.5
Calculation: 56.8-58.3
Future minimum operating lease payments were as follows:
Operating lease commitments were mainly in respect of land and buildings which arose from a sale and operating leaseback transaction in 2001. Leases have an average term of 13 years (2017/18: 14 years) and rentals are fixed for an average of 13 years (2017/18: 14 years).
Other than as disclosed below, there were no contingent liabilities or guarantees at 31 March 2018 other than those arising in the ordinary course of the group’s business and on these no material losses are anticipated. We have insurance cover to certain limits for major risks on property and major claims in connection with legal liabilities arising in the course of our operations. Otherwise, the group generally carries its own risks.
Table:
Payable in the year ending 31 March: | 2019 £m | 2018 £m
2019 | - | 600
2020 | 755 | 550
2021 | 641 | 513
2022 | 599 | 486
2023 | 555 | 463
2024 | 512 | 449
Thereafter | 3,557 | 3,536
Total future minimum operating lease payments | 6,619 | 6,597


Question: What are the contingent liabilities or guarantees at 31 March 2018?
Answer: there were no contingent liabilities or guarantees at 31 March 2018
10 Earnings per share
Basic and diluted earnings per share calculated on an adjusted profit basis are included in Note 2.
The dilution is in respect of unexercised share options and the Performance Share Plan.
Table:
 | 2019 | 2018
Profit attributable to equity shareholders (£m) | 166.6 | 223.1
Weighted average shares (million) | 73.7 | 73.6
Dilution (million) | 0.2 | 0.2
Diluted weighted average shares (million) | 73.9 | 73.8
Basic earnings per share | 226.2p | 303.1p
Diluted earnings per share | 225.5p | 302.0p


Question: In which year was the weighted average shares larger?
Answer: 2019
Calculation: 73.7>73.6
ii) Amounts in the financial statements
The assets and liabilities on the balance sheet are as follows:
3. Pensions continued
Table:
 | 2019 | 2018
 | £ million | £ million
Schemes in net asset position |  | 
UK defined benefit pension plan – Staff Plan | 7.8 | 1.1
UK defined benefit pension plan – Cash Plan | 1.0 | 0.9
 | 8.8 | 2.0
Schemes in net liability position |  | 
UK unfunded plan | (0.5) | (0.5)
Net pension plan surplus on the balance sheet | 8.3 | 1.5


Question: What was the percentage change in the net pension plan surplus on the balance sheet?
Answer: 453.33
Calculation: (8.3-1.5)/1.5
Revenue and deferred revenue
The Group adopted IFRS 15 Revenue from Contracts with Customers in the current year and has therefore restated the results for the prior-year on a consistent basis, see note 2 of the Financial Statements for further details.
The Group’s revenue increased by $71.6 million, or 11.2 per cent, to $710.6 million in the year-ended 31 March 2019. Subscription revenue was notably strong in the period, with reported growth of 15.9 per cent, or 16.7 per cent on a constant currency basis, because of strong prior-period billings and incremental growth of the MSP channel in the current period.
1 Restated for the adoption of IFRS 15 as explained in note 2 of the Financial Statements
Revenue in the period of $710.6 million comprised $394.1 million from the recognition of prior-period deferred revenues and $316.5 million from in-period billings. The majority of the Group’s billings, which are recognised over the life of the contract, relate to subscription products (FY19: 84.8 per cent; FY18: 83.8 per cent), with the benefit from increased billings being spread over a number of years on the subsequent recognition of deferred revenue. The deferred revenue balance at the end of the period of $742.1 million increased $13.5 million year-on-year, an increase of 1.9 per cent. This was mainly due to a net deferral of billings amounting to $49.7 million partially offset by a net currency revaluation of $36.2 million, a consequence of the weakening of the euro and sterling against the US dollar during the year. Deferred revenue due within one year at the balance sheet date of $428.6M increased by 5.1 per cent at actual rates or by 10.7 per cent in constant currency.
Revenue in the Americas increased by $29.7 million or 13.3 per cent to $253.3 million in the year-ended 31 March 2019, supported by the recognition of prior-period Enduser billings from the Sophos Central platform and the growth of the MSP channel in the current period.
EMEA revenue increased by $39.1 million or 12.0 per cent to $363.6 million in the year-ended 31 March 2019, with growth in Enduser in particular, but also aided by Network sales.
APJ revenue increased by $2.8 million, or 3.1 per cent to $93.7 million in the year-ended 31 March 2019, with good growth in Enduser products partially offset by a decline in Network sales following the legacy product transition.
Table:
 | FY19 | FY18¹ | Growth % | Growth %
 | $m (Reported) | $m (Reported) | (Reported) | (CC)
Revenue by Region: |  |  |  | 
– Americas | 253.3 | 223.6 | 13.3 | 13.4
– EMEA | 363.6 | 324.5 | 12.0 | 12.7
– APJ | 93.7 | 90.9 | 3.1 | 6.2
 | 710.6 | 639.0 | 11.2 | 12.0
Revenue by Product: |  |  |  | 
– Network | 328.5 | 316.5 | 3.8 | 4.7
– Enduser | 348.4 | 291.8 | 19.4 | 20.2
– Other | 33.7 | 30.7 | 9.8 | 10.0
 | 710.6 | 639.0 | 11.2 | 12.0
Revenue by Type: |  |  |  | 
– Subscription | 593.9 | 512.4 | 15.9 | 16.7
– Hardware | 106.8 | 115.1 | (7.2) | (6.3)
– Other | 9.9 | 11.5 | (13.9) | (12.8)
 | 710.6 | 639.0 | 11.2 | 12.0


Question: What was the change in Network from 2019 to 2018 under Revenue by Product?
Answer: 12
Calculation: 328.5-316.5
Note 10. Prepaid Expenses
Prepaid expenses consisted of the following (in thousands):
Table:
 | December 31, | 
 | 2019 | 2018
Prepaid maintenance | $6,218 | $5,888
Prepaid insurance | 5,321 | 4,500
Prepaid software | 4,236 | 3,499
Prepaid rent | 421 | 3,471
Prepaid other | 4,672 | 6,396
 | $20,868 | $23,754


Question: In which year was the amount of prepaid insurance larger?
Answer: 2019
Calculation: 5,321>4,500
entergy gulf states , inc . management's financial discussion and analysis .

Table:
 | ( in millions )
2003 net revenue | $ 1110.1
volume/weather | 26.7
net wholesale revenue | 13.0
summer capacity charges | 5.5
price applied to unbilled sales | 4.8
fuel recovery revenues | -14.2 ( 14.2 )
other | 3.9
2004 net revenue | $ 1149.8
the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector .
billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors .
the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers .
summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 .
the amortization of these capacity charges began in june 2002 and ended in may 2003 .
the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales .
fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates .
entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds .
these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 .
gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions .
the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase .
fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above .
other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 .
the amortization of these charges began in june 2002 and ended in may 2003 .
2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits .
following is an analysis of the change in net revenue comparing 2003 to 2002. .

Question: what is the percent change in net revenue from 2003 to 2004?
Answer: 3.58%
Calculation: subtract(1149.8, 1110.1), divide(#0, 1110.1)
notes to consolidated financial statements ( continued ) note 2 2014financial instruments ( continued ) are not covered by collateral , third-party flooring arrangements , or credit insurance are outstanding with the company 2019s distribution and retail channel partners . no customer accounted for more than 10% ( 10 % ) of trade receivables as of september 24 , 2005 or september 25 , 2004 . the following table summarizes the activity in the allowance for doubtful accounts ( in millions ) : september 24 , september 25 , september 27 .

Table:
 | september 24 2005 | september 25 2004 | september 27 2003
beginning allowance balance | $ 47 | $ 49 | $ 51
charged to costs and expenses | 8 | 3 | 4
deductions ( a ) | -9 ( 9 ) | -5 ( 5 ) | -6 ( 6 )
ending allowance balance | $ 46 | $ 47 | $ 49
( a ) represents amounts written off against the allowance , net of recoveries .
vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the company .
the company purchases these raw material components directly from suppliers .
these non-trade receivables , which are included in the consolidated balance sheets in other current assets , totaled $ 417 million and $ 276 million as of september 24 , 2005 and september 25 , 2004 , respectively .
the company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales .
derivative financial instruments the company uses derivatives to partially offset its business exposure to foreign exchange and interest rate risk .
foreign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales .
from time to time , the company enters into interest rate derivative agreements to modify the interest rate profile of certain investments and debt .
the company 2019s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments .
the company records all derivatives on the balance sheet at fair value. .

Question: what was the highest ending allowance balance , in millions?
Answer: 49
Calculation: table_max(ending allowance balance, none)
SHARE-BASED PAYMENTS (continued)
(a) Share option schemes (continued) (iii) Fair value of option
The directors of the Company have used the Binomial Model to determine the fair value of the options as at the respective grant dates, which is to be expensed over the relevant vesting period. The weighted average fair value of options granted during the year ended 31 December 2019 was HKD123.82 per share (equivalent to approximately RMB106.09 per share) (2018: HKD127.43 per share (equivalent to approximately RMB103.46 per share)).
Other than the exercise price mentioned above, significant judgment on parameters, such as risk free rate, dividend yield and expected volatility, are required to be made by the directors in applying the Binomial Model, which are summarised as below.
Note: The expected volatility, measured as the standard deviation of expected share price returns, is determined based on the average daily trading price volatility of the shares of the Company.
Table:
 | 2019 | 2018
Weighted average share price at the grant date | HKD373.33 | HKD405.00
Risk free rate | 1.08%~2.07% | 1.77%~2.27%
Dividend yield | 0.23% | 0.24%~0.25%
Expected volatility (Note) | 30.00% | 30.00%


Question: How much was the weighted average fair value per share of options granted during the year ended 31 December 2019 in RMB?
Answer: HKD123.82 per share (equivalent to approximately RMB106.09 per share)
Revenue
Both reported and adjusted revenue fell by 1% as growth in our Consumer business, was more than offset by regulated price reductions in Openreach and declines in our enterprise businesses in particular in fixed voice and also reflecting our strategy to reduce low margin activity such as equipment sales. Excluding the negative impact of £35m from foreign exchange movements, underlying revenue fell 0.9% (2017/18: fell 1%), which exceeds our expectation of down around 2%.
You can find details of revenue by customer-facing unit on pages 40 to 41. Note 6 to the consolidated financial statements shows a full breakdown of reported revenue by all our major product and service categories.
Operating costs
Reported operating costs were down 2% and adjustedb operating costs before depreciation and amortisation were down 1%. This was mainly driven by restructuring related cost savings and lower payments to telecommunications operators driven by Global Services strategy to de-emphasise low margin business, partly offset by higher costs of recruiting and training engineers to support Openreach’s ‘Fibre First’ programme and help deliver improved customer service.
Our cost transformation programme remains on track. c4,000 roles were removed in the year, with the largest elements being in Global Services and our Corporate Units. Overall savings from the programme are currently an annualised benefit of £875m with an associated cost of £386m. Note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs.
Note 7 to the consolidated financial statements shows a detailed breakdown of our operating costs.
a Excluding depreciation and amortisation.
Table:
 | 2019 | 2018 | 2017
Year ended 31 March | £m | £m | £m
Revenue | 23,428 | 23,723 | 24,062
Operating costs a | (16,461) | (16,828) | (17,323)
Depreciation and amortisation | (3,546) | (3,514) | (3,572)
Operating profit | 3,421 | 3,381 | 3,167
Net finance expense | (756) | (764) | (804)
Associates and joint ventures | 1 | (1) | (9)
Profit before tax | 2,666 | 2,616 | 2,354
Tax | (507) | (584) | (446)
Profit for the period | 2,159 | 2,032 | 1,908


Question: What was the change in the reported and adjusted revenue of Consumer business?
Answer: fell by 1%