hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
8 Auditor’s remuneration
1 Relates to the interim report review of the Group, and interim reviews of certain subsidiary undertakings.
2 2019 other non-audit assurance services relate primarily to reporting accountants’ work associated with the potential equity raise not completed.
The reporting accountants’ work surrounding the potential equity raise not completed includes a working capital report that requires the accountant to have detailed knowledge of the Group. If a firm other than the audit firm were to undertake this work, they would require a significant amount of additional time to become familiar with the Group. Deloitte was therefore chosen to undertake this work as it was considered to be sensible and more efficient both in terms of time and costs.
2018 other non-audit assurance services included £40,000 related to reporting accountants’ work associated with a year end significant change report and £190,000 related to reporting accountants’ work in connection with the Group’s Q3 profit estimate which was required at the time due to Takeover Code rules.
The work surrounding a significant change report and a profit estimate requires the accountant to have detailed knowledge of the Group. If a firm other than the audit firm were to undertake this work, they would require a significant amount of additional time to become familiar with the Group. PwC was therefore chosen to undertake this work as it was considered to be sensible and more efficient both in terms of time and costs.
As for all 2019 and 2018 non-audit work, consideration was given as to whether Deloitte’s (2019) and PwC’s (2018) independence could be affected by undertaking this work. It was concluded by the Audit Committee that this would not be the case.
Fees payable by the Group’s joint ventures in respect of 2019 were £156,000 (Group’s share), all of which relates to audit and audit-related services (2018: £121,000, all of which related to audit and audit-related services).
Table:
 | 2019 | 2018
 | £000 | £000
Fees payable to the Company’s auditor and its associates for: |  | 
The audit of the Company’s annual financial statements | 559 | 382
The audit of the Company’s subsidiaries | 533 | 441
Fees related to the audit of the Company and its subsidiaries | 1,092 | 823
Audit-related assurance services1 | 64 | 51
Total fees for audit and audit-related services | 1,156 | 874
Other non-audit assurance services2 | 534 | 230
Total fees | 1,690 | 1,104


Question: What is the percentage of other non-audit assurance services in total fees in 2019?
Answer: 31.6
Calculation: 534/1,690
Liquidity risk
Liquidity risk is managed to enable the Group to meet future payment obligations when financial liabilities fall due. Liquidity analysis is conducted to determine that sufficient headroom is available to meet the Group’s operational requirements and committed investments. The Group treasury policy aims to meet this objective by maintaining adequate cash, marketable securities and committed facilities. Undrawn borrowing facilities are detailed in note 23. The Group’s policy is to seek to optimise its exposure to liquidity risk by balancing its exposure to interest rate risk and to refinancing risk. In effect the Group seeks to borrow for as long as possible at the lowest acceptable cost.
Group policy is to maintain a weighted average debt maturity of over five years. At 31 December 2019, the maturity profile of Group debt showed an average maturity of five years (2018: six years). The Group regularly reviews the maturity profile of its borrowings and seeks to avoid concentration of maturities through the regular replacement of facilities and by arranging a selection of maturity dates. Refinancing risk may be reduced by doing so prior to the contracted maturity date. The change in valuation of an asset used as security for a debt facility may impact the Group’s ability to refinance that debt facility at the same quantum as currently outstanding.
The Group does not use supplier financing arrangements to manage liquidity risk.
The tables below set out the maturity analysis of the Group’s financial liabilities based on the undiscounted contractual obligations to make payments of interest and to repay principal. Where interest payment obligations are based on a floating rate, the rates used are those implied by the par yield curve for the relevant currency. Where payment obligations are in foreign currencies, the spot exchange rate at the balance sheet date is used.
Table:
 |  |  |  |  | 2019
£m | Within 1 year | 1–2 years | 2–5 years | Over 5 years | Total
Borrowings (including interest) | (249.5) | (1,091.3) | (2,600.9) | (1,716.1) | (5,657.8)
Finance lease obligations | (5.3) | (5.3) | (14.3) | (104.8) | (129.7)
Other financial liabilities | (15.4) | – | – | (1.2) | (16.6)
Net derivative payments | (34.3) | (28.8) | (78.4) | (222.9) | (364.4)
 | (304.5) | (1,125.4) | (2,693.6) | (2,045.0) | (6,168.5)
 |  |  |  |  | 
 |  |  |  |  | 2018
£m | Within 1 year | 1–2 years | 2–5 years | Over 5 years | Total
Borrowings (including interest) | (237.8) | (245.2) | (3,259.1) | (2,408.0) | (6,150.1)
Finance lease obligations | (4.4) | (4.4) | (13.4) | (104.8) | (127.0)
Other financial liabilities | (6.1) | (1.2) | – | – | (7.3)
Net derivative payments | (37.2) | (33.5) | (74.0) | (248.2) | (392.9)
 | (285.5) | (284.3) | (3,346.5) | (2,761.0) | (6,677.3)
 |  |  |  |  | 


Question: What is the percentage change in the total finance lease obligations from 2018 to 2019?
Answer: 2.13
Calculation: (129.7-127.0)/127.0
ADVANCED ENERGY INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (continued) (in thousands, except per share amounts)
The table below summarizes the restructuring charges for the years ended:
Table:
 | 2019 | 2018 | Cumulative Cost Through December 31, 2019
Severance and related charges | $3,041 | $4,239 | $7,280
Facility relocation and closure charges | 1,996 | — | 1,996
Total restructuring charges | $5,038 | $4,239 | $9,277


Question: What was the change in Severance and related charges between 2018 and 2019?
Answer: -1198
Calculation: 3,041-4,239
Net Loss per Share
The Company applies the two-class method to calculate its basic and diluted net loss per share as both classes of its voting shares are participating securities with equal participation rights and are entitled to receive dividends on a share for share basis.
The following table summarizes the reconciliation of the basic weighted average number of shares outstanding and the diluted weighted average number of shares outstanding:
In the years ended December 31, 2019 and 2018, the Company was in a loss position and therefore diluted loss per share is equal to basic loss per share.
Table:
 | Years ended | 
 | December 31, 2019 | December 31, 2018
Basic and diluted weighted average number of shares outstanding | 113,026,424 | 105,671,839
The following items have been excluded from the diluted weighted average number of shares outstanding because they are anti-dilutive: |  | 
Stock options | 3,812,242 | 5,476,790
Restricted share units | 1,939,918 | 2,473,665
Deferred share units | 673 | 347
 | 5,752,833 | 7,950,802


Question: What is the average anti-dilutive restricted share units for 2018 and 2019?
Answer: 2206791.5
Calculation: (1,939,918+2,473,665)/2
C. Remuneration to Key Managerial Personnel other than MD / Manager / WTD
Note: For more information, please refer to the Corporate Governance Report.
Table:
Particulars of Remuneration | Key Managerial Personnel |  | 
 | Ramakrishnan V Chief Financial Officer | Rajendra Moholkar Company Secretary | Total
1. Gross salary |  |  | 
(a) Salary as per provisions contained in Section 17(1) of the Income-tax Act, 1961 | 72.06 | 21.66 | 93.72
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 | 43.54 | 1.20 | 44.74
(c) Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 | - | - | -
2. Stock Option | - | - | -
3. Sweat Equity | - | - | -
4. Commission | - | - | -
as % of profit | - | - | -
5. Others, Allowances | 297.47 | 117.29 | 414.76
Total | 413.07 | 140.15 | 553.22


Question: What is the value of Commission given to the Chief Financial Officer?
Answer: 0
2019 Compared to 2018
Net Sales. Net sales increased 9%, or $651 million, in 2019 compared to 2018. Net sales of products (hardware and software) increased 8% and net sales of services increased 20% in 2019 compared to 2018. Our net sales by operating segment for 2019 and 2018 were as follows (dollars in thousands):
Table:
 | 2019 | 2018 | %Change
NorthAmerica | $6,024,305 | $5,362,981 | 12%
EMEA | 1,526,644 | 1,530,241 | —
APAC | 180,241 | 186,914 | (4%)
Consolidated | $7,731,190 | $7,080,136 | 9%


Question: How much did net sales of services increased in 2019 compared to 2018?
Answer: 20%
Strategic Innovation-focused Investment of Capital
We target markets that have the potential for above-average growth and profit margins where domain expertise, innovation, technical competency and contracting dynamics can help to create meaningful barriers to entry. We will strategically reinvest our cash in key program captures, internal research and development (R&D), and acquisitions to target priority markets and help ensure market leading positions to drive long-term shareholder return.
We are committed to using innovation and technology to address our customers’ most pressing problems and demanding requirements. We have made meaningful and recognized contributions to technological advancements within our industries.
The cost of company-sponsored R&D activities included in our Consolidated Statements of Operations are as follows (in thousands):
Table:
 |  | Years Ended September 30, | 
 | 2019 | 2018 | 2017
Company-Sponsored Research and Development Expense: |  |  | 
Cubic Transportation Systems | $  10,948 | $  13,394 | $  26,308
Cubic Mission Solutions | 27,111 | 22,745 | 11,949
Cubic Global Defense | 10,573 | 16,259 | 14,395
Unallocated corporate expenses | 1,500 | — | —
Total company-sponsored research and development expense | $  50,132 | $  52,398 | $  52,652


Question: How many types of company-sponsored R&D activities are there in the table?
Answer: 4
Calculation: Cubic Transportation Systems##Cubic Mission Solutions##Cubic Global Defense##Unallocated corporate expenses
Liquidity and Capital Resources
As of December 31, 2019, we had total current assets of approximately $27.1 million, compared with current liabilities of approximately $6.1 million, resulting in working capital of approximately $21.0 million and a current ratio of approximately 4.4 to 1. This compares with the working capital balance of approximately $11.5 million and the current ratio of 3.7 to 1 at December 31, 2018. This increase in working capital, as discussed in more detail below, is primarily the result of the capital we raised in 2019.
Following is a table with summary data from the consolidated statement of cash flows for the years ended December 31, 2019 and 2018, as presented.
Our operating activities used approximately $1.7 million in the year ended December 31, 2019, as compared with approximately $0.8 million provided by operating activities in the year ended December 31, 2018. The cash provided in 2018 was the result of our net income and non-cash expenses, partially offset by the increased working capital required to support higher revenues. The cash used in operations in 2019 was the result of increased levels of working capital required to support higher revenue levels, expenditures related to growth, and costs associated with our acquisition in 2019.
We used approximately $5.7 million in investing activities in the year ended December 31, 2018, as compared with approximately $10.6 million used in investing activities in the year ended December 31, 2019. The majority of the investing activities in 2018 related to our acquisition of CareSpeak communications in October 2018. The majority of investing in activities in 2019 related to our acquisitions of RMDY Health, Inc. in 2019, as well as a software purchase in 2019.
Financing activities provided $8.7 million in the year ended December 31, 2018, as compared with $22.2 million in the year ended December 31, 2019. The cash provided in 2018 was primarily the result of the equity raised in connection with our uplisting to Nasdaq, as well as from the proceeds of option exercises. The cash used in 2019 was the result of our underwritten offering in 2019, as well as from the proceeds of option exercises.
With our cash on hand, we have sufficient cash to operate our business for more than the next 12 months and we do not anticipate the need to raise additional equity for operating purposes.
Table:
 | 2019 | 2018
Net cash provided by (used in) operating activities | $(1,660,796) | $792,555
Net cash used in investing activities | (10,582,086) | (5,686,833)
Net cash provided by financing activities | 22,181,528 | 8,685,739
Net increase in cash and cash equivalents | $9,938,646 | $3,791,461


Question: What were the Net cash provided by financing activities in 2018 and 2019 respectively?
Answer: 8,685,739, 22,181,528
Interest Expense
Interest expense includes interest on total long-term debt. The following table presents the amount of gross interest expense, net of capitalized interest:
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (Dollars in millions) | 
Interest expense: |  |  | 
Gross interest expense | $2,093 | 2,230 | 1,559
Capitalized interest | (72) | (53) | (78)
Total interest expense | $2,021 | 2,177 | 1,481


Question: What is the average total interest expense for 2017 to 2019?
Answer: 1893
Calculation: (2,021+2,177+1,481)/3
Note 3 – Net Income per Share
The following table sets forth the computation of basic and diluted earnings per share:
Table:
 |  | Fiscal Year Ended | 
 | December 27, 2019  | December 28, 2018  | December 29, 2017
Net income per share: |  |  | 
Basic | $0.82 | $0.71 | $0.55
Diluted | $0.81 | $0.70 | $0.54
Weighted average common shares: |  |  | 
Basic | 29,532,342 | 28,703,265 | 26,118,482
Diluted | 30,073,338 | 29,678,919 | 27,424,526


Question: What information does the table set forth?
Answer: the computation of basic and diluted earnings per share
Item 14. Principal Accounting Fees and Services
The following table sets forth the fees for services provided and reasonably expected to be billed by Malone Bailey LLP. The following is a summary of the fees billed to the Company for professional services rendered for the fiscal years ended December 31, 2019 and 2018.
Audit Fees: For the fiscal years ended December 31, 2019 and 2018, the aggregate audit fees billed by our independent auditors were for professional services rendered for
audits and quarterly reviews of our consolidated financial statements, and assistance with reviews of registration statements and documents filed with the SEC.
Audit-Related Fees: Audit-related fees are for assurance and other activities not explicitly related to the audit of our financial statements.
Tax Fees: For the fiscal years ended December 31, 2019 and 2018, there were no tax fees, respectively.
All Other Fees: For the fiscal years ended December 31, 2019 and 2018, there were $0 and $0, respectively.
Audit Committee Pre-Approval Policies and Procedures. The Audit Committee oversees and monitors our financial reporting process and internal control system, reviews and
evaluates the audit performed by our registered independent public accountants and reports to the Board any substantive issues found during the audit. The Audit Committee
is directly responsible for the appointment, compensation and oversight of the work of our registered independent public accountants. The Audit Committee convenes on a
quarterly basis to approve each quarterly filing, and an annual basis to review the engagement of the Company’s external auditor.
The Audit Committee has considered whether the provision of Audit-Related Fees, Tax Fees, and all other fees as described above is compatible with maintaining
Marcum LLP’s and Malone Bailey LLP’s independence and has determined that such services for fiscal years 2019 and 2018, respectively, were compatible. All such services
were approved by the Audit Committee pursuant to Rule 2-01 of Regulation S-X under the Exchange Act to the extent that rule was applicable.
Table:
 | Fiscal Year | Fiscal Year
 | 2019 | 2018
Audit fees | $55,000 | $54,550
Audit-related fees | $- | $-
Tax Fees | $- | $-
All other fees | - | $-
Total | 55,000 | $54,550


Question: What are the tax fees for the fiscal year ended December 2019?
Answer: There were no tax fees
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)  During fiscal 2019, we recognized the following pre-tax expenses for the Pinnacle Integration Restructuring Plan:
Included in the above results are $163.5 million of charges that have resulted or will result in cash outflows and $4.7 million in non-cash charges.
Table:
 | International | Pinnacle Foods | Corporate | Total
Other cost of goods sold | $— | $3.7 | $— | $3.7
Total cost of goods sold . | — | 3.7 | — | 3.7
Severance and related costs | 0.7 | 0.6 | 110.8 | 112.1
Accelerated depreciation | — | — | 4.7 | 4.7
Contract/lease termination . | — | 0.8 | 0.3 | 1.1
Consulting/professional fees . | 0.2 | — | 38.1 | 38.3
Other selling, general and administrative expenses . | 0.1 | — | 8.2 | 8.3
Total selling, general and administrative expenses | 1.0 | 1.4 | 162.1 | 164.5
Consolidated total | $1.0 | $5.1 | $162.1 | $168.2


Question: What were the consolidated totals of International and Pinnacle Foods, respectively?
Answer: $1.0, $5.1
* Recast to conform to 2019 presentation.
** Reclassified to conform to 2019 presentation. Refer to “Basis of
Presentation” in note A, “Significant Accounting Policies,” for
additional information.
The following table presents external revenue for similar classes of products or services within the company’s reportable segments. Client solutions often include IBM software and systems and other suppliers’ products if the client solution requires it.
For each of the segments that include services, Software-as-a-Service, consulting, education, training and other product-related services are included as services. For each of these segments, software includes product license charges and ongoing subscriptions.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | 2017
Cloud & Cognitive Software* |  |  | 
Software | $18,712 | $17,970** | $17,681**
Services | 4,321 | 4,082** | 3,920**
Systems | 166 | 156 | 150
Global Business Services* |  |  | 
Services | $16,363 | $16,238** | $15,728**
Software | 156 | 151** | 179**
Systems | 115 | 206 | 165
Global Technology Services* |  |  | 
Services | $20,768 | $22,222** | $21,913**
Maintenance | 5,183 | 5,484 | 5,783
Systems | 1,072 | 1,069 | 1,207
Software | 338 | 371** | 310**
Systems |  |  | 
Servers | $ 3,746 | $ 3,996 | $ 3,993
Storage | 1,920 | 2,114 | 2,243
Software | 1,528 | 1,499** | 1,520**
Services | 410 | 425** | 438**
Global Financing |  |  | 
Financing | $ 1,120 | $ 1,223 | $ 1,167
Used equipment sales | 281 | 366 | 530


Question: What is the average of Financing under Global Financing?
Answer: 1170
Calculation: (1,120+1,223+1,167 ) / 3
Other Income (Loss), Net The components of other income (loss), net, are summarized as follows (in millions):
The total change in net gains (losses) on available-for-sale debt investments was primarily attributable to lower realized losses as a result of market conditions, and the timing of sales of these investments.
The total change in net gains (losses) on marketable equity investments was attributable to market value fluctuations and the timing of recognition of gains and losses.
The change in net gains (losses) on non-marketable equity and other investments was primarily due to lower realized gains, partially offset by higher unrealized gains.
The change in other gains (losses), net was primarily driven by higher donation expense in the prior year.
Table:
 |  | Years Ended |  | 2019 vs. 2018
 | July 27, 2019 | July 28, 2018 | July 29, 2017 | Variance in Dollars
Gains (losses) on investments, net: |  |  |  | 
Available-for-sale debt investments | $(13) | $(242) | $(42) | $229
Marketable equity investments | (3) | 529 | (45) | (532)
Non-marketable equity and other investments | 6 | 11 | (46) | (5)
Net gains (losses) on investments | (10) | 298 | (133) | (308)
Other gains (losses), net | (87) | (133) | (30) | 46
Other income (loss), net | $(97) | $165 | $(163) | $(262)


Question: What was the difference in the variance in dollars between Available-for-sale debt investments and net Other gains (losses)?
Answer: 183
Calculation: 229-46
NOTES PAYABLE (continued)
All of these notes payable issued by the Group were unsecured.
On 1 April 2019, the Company updated the Global Medium Term Note Programme (the “Programme”) to include, among other things, the Company’s recent corporate and financial information and increased the limit of aggregate principal amount of the notes under the Programme from USD10 billion to USD20 billion (or its equivalent in other currencies).
On 11 April 2019, the Company issued five tranches of senior notes under the Programme with an aggregate principal amount of USD6 billion as set out below.
During the year ended 31 December 2019, the notes payable with an aggregate principal amount of USD2,000 million issued in April 2014 reached their maturity and were repaid in full by the Group.
As at 31 December 2019, the fair value of the notes payable amounted to RMB98,668 million (31 December 2018: RMB62,820 million). The respective fair values are assessed based on the active market price of these notes on the reporting date or by making reference to similar instruments traded in the observable market.
Table:
 | Amount (USD’Million) | Interest Rate (per annum) | Due
2024 Notes | 1,250 | 3.280% | 2024
2024 Floating Rate Notes | 750 | 3-month USD LIBOR + 0.910% | 2024
2026 Notes | 500 | 3.575% | 2026
2029 Notes | 3,000 | 3.975% | 2029
2049 Notes | 500 | 4.525% | 2049
 | 6,000 |  | 


Question: How many percent of the total notes payable is the 2026 Notes?
Answer: 8.33
Calculation: 500/6,000
Patents and Intangible Assets
The Company owns or possesses licenses to use its patents. The costs of maintaining the patents are expensed as incurred.
The Company and Finjan Blue entered into a Patent Assignment and Support Agreement (the “Patent Assignment Agreement”) with IBM effective as of August 24, 2017 (see "Note 7 - Commitments and Contingencies"). Pursuant to the Patent Assignment Agreement, Finjan Blue acquired select IBM patents in the security sector. In accordance with ASC 350-30-35-2 through 35-4, Intangibles-Goodwill and Other, the Company determined that the useful life of the patents acquired under the Patent Assignment and Support Agreement should be amortized over the four-year term of the agreement.
On May 15, 2018, Finjan Blue, entered into a second agreement with IBM (the “May 2018 Patent Assignment Agreement”). Pursuant to the May 2018 Patent Assignment Agreement, Finjan Blue acquired 56 select issued and pending IBM patents in the security sector. The terms of the May 2018 Patent Assignment Agreement are confidential. In accordance with ASC 350-30-35-2 through 35-4, Intangibles-Goodwill and Other, the Company determined that the useful life of the patents acquired under the May 2018 Patent Assignment Agreement should be amortized over five years as the covenants between the parties are effective for that period.
Management did not identify any triggering events which would have necessitated an impairment change.
The components of these intangible assets are as follows:
Amortization expense for the years ended December 31, 2019, 2018 and 2017 was approximately $2.0 million, $1.8 million, and $0.8 million, respectively.
Table:
As of December 31, |  | 
 | 2019 | 2018
 |  | (in thousands)
Patents | $26,069 | $26,069
Less accumulated amortization | (22,517) | (20,562)
Intangible assets, net | $3,552 | $5,507


Question: What is the percentage change in the value of patents between 2018 and 2019?
Answer: 0
Calculation: (26,069 - 26,069)/26,069