hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Restricted Stock Units
The following table summarizes RSU activity in the fiscal years ended September 30, 2019, 2018, and 2017:
The cost of RSUs is determined using the fair value of the Company’s Common Stock on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $6.8 million, $5.9 million, and $4.0 million in stock-based compensation expense related to outstanding RSUs in the fiscal years ended September 30, 2019, 2018, and 2017, respectively. As of September 30, 2019, the Company had approximately $12.2 million of unrecognized compensation expense related to outstanding RSUs expected to be recognized over a weighted-average period of approximately 2.3 years.
Table:
 | Number of Shares | Fair Value Per Share
Outstanding at September 30, 2016 | 2,046,169 | $4.90
Granted | 1,249,224 | $6.61
Settled | (707,174) | $4.81
Canceled | (231,198) | $4.93
Outstanding at September 30, 2017 | 2,357,021 | $5.65
Granted | 1,184,906 | $8.54
Settled | (745,197) | $5.26
Canceled | (216,554) | $7.39
Outstanding at September 30, 2018 | 2,580,176 | $6.92
Granted | 1,147,976 | $9.67
Settled | (881,420) | $6.53
Canceled | (494,245) | $7.70
Outstanding at September 30, 2019 | 2,352,487 | 8.26


Question: How is the cost of the Restricted Stock Units (RSUs) determined?
Answer: using the fair value of the Company’s Common Stock on the award date
Other (Income) and Expense
NM—Not meaningful
Total consolidated other (income) and expense was income of $968 million in 2019 compared to expense of $1,152 million in 2018. The year-to-year change was primarily driven by: • Lower non-operating retirement-related costs ($957 million). Refer to “Retirement-Related Plans” for additional information. • Higher gains from divestitures ($833 million) reflected in Other; and • Higher net exchange gains (including derivative instruments) ($272 million). The company’s hedging programs help mitigate currency impacts in the Consolidated Income Statement.
Operating (non-GAAP) other (income) and expense was $1,431 million of income in 2019 and increased $1,010 million compared to the prior-year period. The year-to-year change was primarily driven by the same factors excluding lower non-operating retirement-related costs.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Other (income) and expense |  |  | 
Foreign currency transaction losses/(gains) | $(279) | $(427) | (34.6)%
(Gains)/losses on derivative instruments | 15 | 434 | (96.6)
Interest income | (349) | (264) | 32.2
Net (gains)/losses from securities and investment assets | (32) | (101) | (67.9)
Retirement-related costs/(income) | 615 | 1,572 | (60.9)
Other | (937) | (63) | NM
Total consolidated other (income) and expense | $(968) | $1,152 | NM
Non-operating adjustments |  |  | 
Amortization of acquired intangible assets | (2) | (2) | 50.0%
Acquisition-related charges | 154 | 0 | NM
Non-operating retirement related costs/(income) | (615) | (1,572) | (60.9)%
Operating (non-GAAP) other (income) and expense | $(1,431) | $(422) | 239.4%


Question: What caused the total consolidated other (income) and expenses to decrease?
Answer: The year-to-year change was primarily driven by: • Lower non-operating retirement-related costs ($957 million). Refer to “Retirement-Related Plans” for additional information. • Higher gains from divestitures ($833 million) reflected in Other; and • Higher net exchange gains (including derivative instruments) ($272 million). The company’s hedging programs help mitigate currency impacts in the Consolidated Income Statement.
GasLog Ltd. and its Subsidiaries
Notes to the consolidated financial statements (Continued)
For the years ended December 31, 2017, 2018 and 2019
(All amounts expressed in thousands of U.S. Dollars, except share and per share data)
21. Related Party Transactions (Continued)
Compensation of key management personnel
The remuneration of directors and key management was as follows:
Table:
 |  | For the year ended December 31, | 
 | 2017 | 2018 | 2019
Remuneration | 7,603 | 7,011 | 7,536
Short-term benefits | 106 | 136 | 172
Expense recognized in respect of share-based compensation | 1,821 | 1,992 | 2,044
Total | 9,530 | 9,139 | 9,752


Question: What was the change in the total from 2017 to 2019?
Answer: 222
Calculation: 9,752 - 9,530
Our revenues and operating results are significantly affected by the timing, number and breadth of our theatrical releases and their budgets, the timing of television syndication agreements, and our amortization policy for the first 12 months of commercial exploitation for a film. The timing of releases is determined based on several factors. A significant portion of the films we distribute are delivered to Indian theaters at times when theater attendance has traditionally been highest, including school holidays, national holidays and the festivals. This timing of releases also takes into account competitor film release dates, major cricket events in India and film production schedules. Significant holidays and festivals, such as Diwali, Eid and Christmas, occur during July to December each year, and the Indian Premier League cricket season generally occurs during April and May of each year. The Tamil New Year, called Pongal, falls in January each year making the quarter ending March an important one for Tamil releases.
Our quarterly results can vary from one period to the next, and the results of one quarter are not necessarily indicative of results for the next or any future quarter. Our revenue and operating results are therefore seasonal in nature due to the impact on income of the timing of new releases as well as timing and quantum of catalogue revenues.
Table:
 |  | Three Months Ended |  | 
 | June 30, 2018 | September 30, 2018 | December 31, 2018 | March 31, 2019
 |  | (in thousands) |  | 
Revenue | 60,212 | 63,425 | 76,744 | 69,745
Adjustment towards significant financing component | 6,410 | 8,837 | 9,917 | 9,303
Gross Revenue | 66,622 | 72,262 | 86,661 | 79,048


Question: What is the average quarterly Adjustment towards significant financing component for  Three Months Ended June 30 2018 to march 31, 2019?
Answer: 8616.75
Calculation: (6,410 + 8,837 + 9,917 + 9,303) / 4
At December 31, 2019, the Company’s net operating losses and credit carryforwards are:
(1) Excludes federal and state net operating losses of $60.2 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized
(2) Excludes federal and state tax credits of $0.1 million and $8.3 million, respectively, that the Company expects will expire unutilized
Carryforward losses and credits expire between 2020 and 2038, except for the 2019 federal net operating loss of $43.9 million and $1 million of state credits, which both have unlimited carryforward periods.
The Company’s India subsidiary is primarily located in Special Economic Zones (“SEZs”) and is entitled to a tax holiday in India. The tax holiday reduces or eliminates income tax in India. The tax holiday in the Hyderabad SEZ is scheduled to expire in 2024. The tax holiday in the Bangalore SEZ is scheduled to expire in 2022. For 2019, 2018 and 2017, the income tax holiday reduced the Company’s provision for income taxes by $1.9 million, $1.3 million, and $1 million, respectively.
Table:
(in thousands) | Federal | State
Net operating losses (1) | $120,722 | $3,337
Net operating losses due to acquisitions (1) | $76,827 | $778
Credit carryforwards (2) | $8,202 | $1,958
Credit carryforwards due to acquisitions | $640 | $227


Question: What is excluded from the company's net operating losses calculations? 
Answer: federal and state net operating losses of $60.2 million and $0.8 million, respectively, from prior acquisitions that the Company expects will expire unutilized
Interest rate swaps
The Group has the following interest rate swaps in place as at the end of the reporting period:
Future interest rate swaps in place at the end of the reporting period have maturity dates ranging from 23 September 2019 to 23 September 2026 (2018: 24 September 2018 to 23 September 2026).
On 24 June 2019, the Group reset the interest rates associated with AUD denominated interest rate swaps. This resulted in a cash outflow of $22.9m which reduced the Group’s financial liability presented in note 9.8. The cumulative change in fair value of these hedging instruments is carried in a separate reserve in equity (cash flow hedge reserve of NSPT presented within non-controlling interest in the Group’s consolidated statement of changes in equity).
This balance will be recycled from the hedge reserve to finance costs in the statement of profit and loss in future reporting periods corresponding to when the underlying hedged item impacts profit or loss. For the year ended 30 June 2019, $0.1m has been recognised in finance costs relating to this item.
Table:
 | 2019 | 2018
 | $'000 | $'000
Interest rate swaps (AUD) at face value |  | 
Current interest rate swaps | 400,000 | 270,000
Future interest rate swaps | 275,000 | 400,000
Interest rate swaps (NZD) at face value |  | 
Current interest rate swaps | 73,500 | 53,500
Future interest rate swaps | 50,000 | 100,000
AUD equivalent of NZD interest rate swaps |  | 
Current interest rate swaps | 70,361 | 48,944
Future interest rate swaps | 47,864 | 91,485


Question: What is the change in Interest rate swaps (AUD) at face value for Future interest rate swaps from 2018 to 2019?
Answer: -125000
Calculation: 275,000-400,000
the following is a schedule of future minimum rental payments required under long-term operating leases at october 30 , 2010 : fiscal years operating leases .

Table:
fiscal years | operating leases
2011 | $ 21871
2012 | 12322
2013 | 9078
2014 | 6381
2015 | 5422
later years | 30655
total | $ 85729
12 .
commitments and contingencies from time to time in the ordinary course of the company 2019s business , various claims , charges and litigation are asserted or commenced against the company arising from , or related to , contractual matters , patents , trademarks , personal injury , environmental matters , product liability , insurance coverage and personnel and employment disputes .
as to such claims and litigation , the company can give no assurance that it will prevail .
the company does not believe that any current legal matters will have a material adverse effect on the company 2019s financial position , results of operations or cash flows .
13 .
retirement plans the company and its subsidiaries have various savings and retirement plans covering substantially all employees .
the company maintains a defined contribution plan for the benefit of its eligible u.s .
employees .
this plan provides for company contributions of up to 5% ( 5 % ) of each participant 2019s total eligible compensation .
in addition , the company contributes an amount equal to each participant 2019s pre-tax contribution , if any , up to a maximum of 3% ( 3 % ) of each participant 2019s total eligible compensation .
the total expense related to the defined contribution plan for u.s .
employees was $ 20.5 million in fiscal 2010 , $ 21.5 million in fiscal 2009 and $ 22.6 million in fiscal 2008 .
the company also has various defined benefit pension and other retirement plans for certain non-u.s .
employees that are consistent with local statutory requirements and practices .
the total expense related to the various defined benefit pension and other retirement plans for certain non-u.s .
employees was $ 11.7 million in fiscal 2010 , $ 10.9 million in fiscal 2009 and $ 13.9 million in fiscal 2008 .
during fiscal 2009 , the measurement date of the plan 2019s funded status was changed from september 30 to the company 2019s fiscal year end .
non-u.s .
plan disclosures the company 2019s funding policy for its foreign defined benefit pension plans is consistent with the local requirements of each country .
the plans 2019 assets consist primarily of u.s .
and non-u.s .
equity securities , bonds , property and cash .
the benefit obligations and related assets under these plans have been measured at october 30 , 2010 and october 31 , 2009 .
analog devices , inc .
notes to consolidated financial statements 2014 ( continued ) .

Question: what was the average percentage that the lease expenses decreased from 2011 to 2013
Answer: 35%
Calculation: subtract(21871, 12322), divide(#0, 21871), subtract(12322, 9078), divide(#2, 12322), add(#3, #1), divide(#4, const_2)
The tax holidays represent a tax exemption period aimed to attract foreign technological investment in certain tax jurisdictions. The effect of the tax benefits, from tax holidays for countries which are profitable, on basic earnings per share was $0.14, $0.15 and $0.13 for the years ended December 31, 2019, 2018, and 2017, respectively. These agreements are present in various countries and include programs that reduce up to and including 100% of taxes in years affected by the agreements.
The Company’s tax holidays expire at various dates through the year ending December 31, 2028. In certain countries, tax holidays can be renewed depending on the Company still meeting certain conditions at the date of expiration of the current tax holidays.
In May 2019, Switzerland voted a tax reform which cancelled all favourable tax regimes and introduced a single tax rate for all companies, which triggered the revaluation of all deferred tax assets and liabilities. Enactment of this law occurred in third quarter of 2019, which resulted in a tax benefit of $20 million. The remeasurement of deferred taxes was reconciled in the fourth quarter of 2019 to include the current year activity, which did not have a material impact on the net remeasurement.
Table:
 | Year ended December 31, 2019 | Year ended December 31, 2018 | Year ended December 31, 2017
Income tax benefit (expense) computed at statutory rate | (297) | (353) | (238)
Non-deductible and non-taxable permanent differences, net | 4 | 45 | 17
Income (loss) on equity-method investments | — | — | —
Valuation allowance adjustments | 2 | 141 | 92
Effect on deferred taxes of changes in enacted tax rates | 14 | (62) | (70)
Current year credits | 50 | 43 | 40
Other tax and credits | (51) | (20) | (36)
Benefits from tax holidays | 129 | 135 | 114
Net impact of changes to uncertain tax positions | (5) | (16) | (43)
Earnings of subsidiaries taxed at different rates | (2) | (9) | (19)
Income tax benefit (expense) | (156) | (96) | (143)


Question: What is the increase/ (decrease) in Income tax benefit (expense) computed at statutory rate from December 31, 2018 to 2019?
Answer: -56
Calculation: 297-353
Operating Revenue
Notes: (1) Includes revenues from subscription (prepaid/postpaid), interconnect, outbound and inbound roaming, wholesale revenue from MVNOs (Mobile Virtual Network Operators) and mobile content services such as music and video.
(2) Includes equipment sales related to ICT services.
(3) Mainly from provisions of digital marketing and advertising services and regional premium OTT video.
(4) Includes energy reselling fees.
As at 31 March 2019, the transaction price attributable to unsatisfied performance obligations for ICT services rendered by NCS Pte. Ltd. is approximately S$3 billion which will be recognised as operating revenue mostly over the next 5 years.
As at 31 March 2019, the transaction price attributable to unsatisfied performance obligations for ICT services rendered by NCS Pte. Ltd. is approximately S$3 billion which will be recognised as operating revenue mostly over the next 5 years.
Service contracts with consumers typically range from a month to 2 years, and contracts with enterprises typically range from 1 to 3 years.
Table:
 | Group | 
 | 2019 | 2018
 | S$ Mil | S$ Mil
Mobile service (1) | 5,395.7 | 5,737.3
Sale of equipment | 2,876.7 | 2,414.5
Handset operating lease income | 140.5 | 25.2
Mobile | 8,412.9 | 8,177.0
Data and Internet | 3,340.9 | 3,435.7
Business solutions | 604.1 | 560.7
Cyber security | 548.7 | 527.1
Other managed services | 1,880.8 | 1,920.0
Infocomm Technology (“ICT”) (2) | 3,033.6 | 3,007.8
Digital businesses (3) | 1,245.3 | 1,113.1
Fixed voice | 899.0 | 1,084.3
Pay television | 372.7 | 369.4
Others (4) | 67.3 | 80.7
Operating revenue | 17,371.7 | 17,268.0
Operating revenue | 17,371.7 | 17,268.0
Other income | 224.7 | 258.8
Interest and investment income (see Note 10) | 38.1 | 45.5
Total | 17,634.5 | 17,572.3


Question: What forms part of the revenue under "Digital Businesses"?
Answer: Mainly from provisions of digital marketing and advertising services and regional premium OTT video.
Share Based Compensation Expense
Share-based compensation expense recognized in the financial statements by line item caption is as follows (in thousands):
The amount of share-based compensation expense capitalized in inventory has been immaterial for each of the periods presented.
Table:
 |  | Year Ended | 
 | June 30,
2019 | June 30,
2018 | June 30,
2017
Cost of product revenue  | $844 | $564 | $333
Cost of service revenue | 1,639 | 1,131 | 589
Research and development   | 10,443 | 7,642 | 3,312
Sales and marketing   | 11,747 | 9,843 | 4,253
General and administrative   | 8,224 | 8,453 | 4,146
Total share-based compensation expense  | $32,897 | $27,633 | $12,633


Question: What was the amount of research and development in 2019?
Answer: 10,443
INCOME TAX EXPENSE
Below is a summary of the difference between income tax expense computed by applying the statutory income tax rate to income before income tax expense and the actual income tax expense for the year.
Our effective income tax rate this year was 25.8% compared to 26.9% for 2018. The effective income tax rate for 2019 was lower than the statutory tax rate primarily as a result of a reduction to the Alberta corporate income tax rate over a four-year period.
Table:
(In millions of dollars, except tax rates) | Years ended December 31 |  | 
 | 2019 | 2018 | %Chg
Adjusted EBITDA 1 | 6,212 | 5,983 | 4
Deduct (add): |  |  | 
Depreciation and amortization | 2,488 | 2,211 | 13
Gain on disposition of property, plant and equipment | - | (16) | (100)
Restructuring, acquisition and other | 139 | 210 | (34)
Finance costs | 840 | 793 | 6
Other income | (10) | (32) | (69)
Income tax expense | 712 | 758 | (6)
Net income | 2,043 | 2,059 | (1)


Question: What was the effective tax rate in 2019?
Answer: 25.8%
35 Related party transactions
Key management1 compensation
1 Key management comprises the directors of intu properties plc and the Executive Committee who have been designated as persons discharging managerial responsibility (PDMR).
During 2017 the Group’s joint ventures in intu Puerto Venecia and intu Asturias sold shares in subsidiaries, previously wholly owned by the respective joint ventures, listed on the Spanish MaB to PDMRs of the Group. The total value of the shares at 31 December 2019 is €1.0 million for each joint venture, representing 1 per cent of the respective outstanding share capital. The sale of shares in these entities was required to comply with Spanish MaB free float listing requirements. The Group provided an interest-free loan to PDMRs to enable them to purchase the shares. The loans are treated as a taxable benefit which accordingly is included in the above table. In line with the terms of the relevant loan agreements entered into, the loans are repayable in full upon cessation of employment or the sale of the underlying assets. Further to the exchange of contracts in respect of the sale of intu Puerto Venecia in December 2019 and of intu Asturias in January 2020, the relevant PDMRs sold these shareholdings in January 2020 and February 2020 respectively. All outstanding loans in respect of the above arrangements have been repaid to the Company in full or in part. For those loans which have been partially repaid, the outstanding balance has been written off by the Company.
Table:
Key management1 compensation |  | 
£m | 2019 | 2018
Salaries and short-term employee benefits | 4.7 | 4.9
Pensions and other post-employment benefits | 0.3 | 0.8
Share-based payments | 1.5 | 1.7
 | 6.5 | 7.4


Question: What is the percentage change in the salaries and short-term employee benefits from 2018 to 2019?
Answer: -4.08
Calculation: (4.7-4.9)/4.9
2. Disaggregation of Revenue
The following table disaggregates our net sales by product category (in millions):
Table:
Product Category  | Fiscal Year 2019 | Fiscal Year 2018  | Fiscal Year 2017
Fresh, vacuum-sealed chicken | $1,310.2 | $1,139.3 | $1,339.1
Fresh, chill-packed chicken | 1,137.7 | 1,158.3 | 1,044.7
Fresh, ice-packed chicken  | 511.5 | 503.6 | 547.1
Prepared chicken  | 240.8 | 207.6 | 170.8
Frozen chicken  | 213.0 | 211.5 | 223.9
Other  | 27.1 | 15.7 | 16.6
Total net sales  | $3,440.3 | $3,236.0 | $3,342.2


Question: What is the net sales from Fresh, ice-packed chicken for fiscal years 2019 to 2017 respectively?
Answer: 511.5, 503.6, 547.1
item 1a . risk factors in addition to the other information provided in this report , the following risk factors should be considered when evaluating an investment in our securities . if the circumstances contemplated by the individual risk factors materialize , our business , financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly . risks relating to our business fluctuations in the financial markets could result in investment losses . prolonged and severe disruptions in the overall public debt and equity markets , such as occurred during 2008 , could result in significant realized and unrealized losses in our investment portfolio . although financial markets have significantly improved since 2008 , they could deteriorate in the future . there could also be disruption in individual market sectors , such as occurred in the energy sector in recent years . such declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations , equity , business and insurer financial strength and debt ratings . our results could be adversely affected by catastrophic events . we are exposed to unpredictable catastrophic events , including weather-related and other natural catastrophes , as well as acts of terrorism . any material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations . by way of illustration , during the past five calendar years , pre-tax catastrophe losses , net of reinsurance , were as follows: .

Table:
calendar year: | pre-tax catastrophe losses
( dollars in millions ) | 
2017 | $ 1472.6
2016 | 301.2
2015 | 53.8
2014 | 56.3
2013 | 194.0
our losses from future catastrophic events could exceed our projections .
we use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool .
we use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area .
these loss projections are approximations , reliant on a mix of quantitative and qualitative processes , and actual losses may exceed the projections by a material amount , resulting in a material adverse effect on our financial condition and results of operations. .

Question: what was the change pre-tax catastrophe losses from 2016 to 2017 in thousands
Answer: 1171.4
Calculation: subtract(1472.6, 301.2)