hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
SUPERVISORY BOARD
The following table sets forth information concerning all remuneration (base compensation, no bonuses or pensions were paid) from the Company (including its subsidiaries) for services in all capacities to all current and former members of the Supervisory Board of the Company:
1 Period January 1 to May 28, 2018
2 Period as of May 28, 2018
The remuneration of members of the Supervisory Board has been determined by the 2018 Annual General Meeting of Shareholders.
No stock options or performance shares have been granted to members of the Supervisory Board.
Table:
 | Year ended  December 31 | 
 | 2018 | 2019
Supervisory Board: |  | 
J.C. Lobbezoo | 78.6 | 83.5
H.W. Kreutzer 1) | 21.4 | 0.0
M.C.J. van Pernis | 56.0 | 58.5
U.H.R. Schumacher | 53.5 | 56.0
S. Kahle-Galonske | 55.9 | 60.0
M.J.C. de Jong 2) | 34.0 | 57.5
TOTAL | 299.4 | 315.5


Question: What does the table show?
Answer: information concerning all remuneration (base compensation, no bonuses or pensions were paid) from the Company (including its subsidiaries) for services in all capacities to all current and former members of the Supervisory Board of the Company
DEPRECIATION AND AMORTIZATION
1 See “Accounting Policies” for more information.
1 See “Accounting Policies” for more information. Total depreciation and amortization increased this year primarily as a result of depreciation of right-of-use assets due to our adoption of IFRS 16 on January 1, 2019 and higher capital expenditures over the past several years. See “Capital Expenditures” for more information.
Table:
(In millions of dollars) | Years ended December 31 |  | 
 | 2019 | 2018 | %Chg
Depreciation | 2,297 | 2,174 | 6
Amortization | 16 | 37 | (57)
Depreciation and amortization before depreciation of right-of-use assets | 2,313 | 2,211 | 5
Depreciation of right-of-use assets 1 | 175 | - | n/m
Total depreciation and amortization | 2,488 | 2,211 | 13


Question: What was the increase / (decrease) in the Total depreciation and amortization from 2018 to 2019?
Answer: 277
Calculation: 2,488 - 2,211
The following table sets forth our 60-month backlog estimate, by reportable segment, as of December 31, 2019; September 30, 2019; June 30, 2019; March 31, 2019; and December 31, 2018 (in millions). The 60-month backlog estimate includes approximately $1.5 billion as a result of the acquisition of Speedpay, which occurred on May 9, 2019. Dollar amounts reflect foreign currency exchange rates as of each period end. This is a non-GAAP financial measure being presented to provide comparability across accounting periods. We believe this measure provides useful information to investors and others in understanding and evaluating our financial performance.
Estimates of future financial results require substantial judgment and are based on several assumptions, as described above. These assumptions may turn out to be inaccurate or wrong for reasons outside of management’s control. For example, our customers may attempt to renegotiate or terminate their contracts for many reasons, including mergers, changes in their financial condition, or general changes in economic conditions in the customer’s industry or geographic location. We may also experience delays in the development or delivery of products or services specified in customer contracts, which may cause the actual renewal rates and amounts to differ from historical experiences. Changes in foreign currency exchange rates may also impact the amount of revenue recognized in future periods. Accordingly, there can be no assurance that amounts included in backlog estimates will generate the specified revenues or that the actual revenues will be generated within the corresponding 60-month period. Additionally, because certain components of Committed Backlog and all of Renewal Backlog estimates are operating metrics, the estimates are not required to be subject to the same level of internal review or controls as contracted but not recognized Committed Backlog.
Table:
 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018
ACI On Premise | $1,977 | $1,925 | $1,880 | $1,861 | $1,875
ACI On Demand | 3,855 | 3,756 | 3,813 | 2,290 | 2,299
Total | $5,832 | $5,681 | $5,693 | $4,151 | $4,174
 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018
Committed | $2,168 | $2,003 | $2,105 | $1,734 | $1,832
Renewal | 3,664 | 3,678 | 3,588 | 2,417 | 2,342
Total | $5,832 | $5,681 | $5,693 | $4,151 | $4,174


Question: What was the committed backlog in June 30, 2019?
Answer: $2,105
The carrying amounts of other financial instruments not listed in the table below approximate fair value due to the short-term nature of these items. The carrying amounts and estimated fair values of the Company’s financial instruments not recorded at fair value in the financial statements were as follows:
The fair values of long-term debt as of June 30, 2019 and June 30, 2018 were determined by using current interest rates for debt with terms and maturities similar to the Company’s existing debt arrangements and accordingly would be classified as Level 2 inputs in the fair value hierarchy.
The carrying amount of company-owned life insurance reflects cash surrender values based upon the market values of underlying securities, using Level 2 inputs, net of any outstanding policy loans. The carrying value associated with the cash surrender value of these policies is recorded in other assets in the accompanying consolidated balance sheets.
For purposes of performing Step 1 of goodwill impairment testing, the Company uses certain nonrecurring fair value measurements using significant unobservable inputs (Level 3). Fair value of each reporting unit for purposes of the goodwill impairment test is based on a weighting of an income approach and a market approach. Under the income approach, fair value is determined based on a discounted cash flow analysis that uses estimates of cash flows discounted to present value using rates commensurate with the risks associated with those cash flows. Under the market approach, a market-based value is derived by relating multiples for earnings and cash flow measures for a group of comparable public companies to the same measure for each reporting unit to estimate fair value. The assumptions used by the Company to determine fair value of the reporting units are similar to those that would be used by market participants performing valuations.
Table:
 | June 30, 2019 |  | June 30, 2018 | 
($ in millions) | Carrying Value | Fair Value | Carrying Value | Fair Value
Long-term debt | $550.6 | $560.6 | $545.7 | $558.3
Company-owned life insurance | $17.9 | $17.9 | $16.4 | $16.4


Question: What is the carrying value of long-term debt in 2019?
Answer: $550.6
Electro-Magnetic, Sensors, and Actuators
The following table sets forth net sales, operating income, and operating income as a percentage of net sales for our MSA reportable segment in fiscal years 2019 and 2018 (amounts in thousands, except percentages).
Net Sales MSA net sales of $240.7 million in fiscal year 2019 increased $13.8 million or 6.1% from $227.0 million in fiscal year 2018. The increase in net sales was primarily driven by a $15.0 million increase in OEM sales in the JPKO region. Also contributing to the increase in net sales was a $4.3 million increase in EMS sales across all regions and a $3.7 million increase in distributor sales across the Americas and EMEA regions. These increase in net sales were partially offset by a $5.5 million decrease in distributor sales across the APAC and JPKO regions and a $3.8 million decrease in OEM sales across the Americas, APAC, and JPKO regions.
Reportable Segment Operating Income
Segment operating income of $22.5 million in fiscal year 2019 increased $6.9 million from $15.7 million in fiscal year 2018. The increase in operating income was primarily due to a $6.6 million decrease in SG&A expenses resulting from a decrease in payroll expenses that was caused by a reduction in head count. Also contributing to the increase in operating income was a $2.9 million decrease in restructuring charges, a $1.3 million decrease in net loss on write down and disposal of long-lived assets, and a $0.2 million decrease in R&D expenses. Partially offsetting these improvements was a $4.1 million decrease in gross margin, which was primarily driven by a change in the sales mix to lower margin products.
Table:
 |  | For the Fiscal Years Ended |  | 
 | March 31, 2019 |  | March 31, 2018 | 
Sales | Amount | % to Net Sales | Amount | % to Net Sales
Net sales | $240,740 |  | $226,964 | 
Segment operating income | 22,546 | 9.4% | 15,694 | 6.9%


Question: What was the net sales in 2019?
Answer: 240,740
Geographic Information
(1) Amounts by geography have been reclassified from prior year disclosure to reflect adjustments to our regional operating model. As of January 1, 2019, our geographic regions are: North America, EMEA, South America and APAC. Our North American operations include Canada, the United States, Mexico and Central America. Mexico and Central America were previously included in Latin America. Refer to Note 2, "Summary of Significant Accounting Policies and Recently Issued Accounting Standards," of the Notes to Consolidated Financial Statements.
(2) No non-U.S. country accounted for net sales in excess of 10% of consolidated net sales for the years ended December 31, 2019, 2018 or 2017 or long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2019 and 2018.
(3) Net sales to external customers within the U.S. were $2,501.6 million, $2,402.3 million and $2,280.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(4) Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, intangible assets and non-current assets held for sale.
Table:
 |  | Year Ended December 31, | 
(In millions) | 2019 | 2018 | 2017
Net sales(1)(2): |  |  | 
North America(3) | $ 2,828.1 | $ 2,734.9 | $ 2,591.5
EMEA | 1,010.4 | 1,038.5 | 983.4
South America | 233.8 | 229.5 | 231.8
APAC | 718.8 | 729.8 | 654.9
Total | $ 4,791.1 | $ 4,732.7 | $ 4,461.6
Total long-lived assets(1)(2)(4): |  |  | 
North America | $ 919.3 | $ 740.5 | 
EMEA | 345.8 | 270.5 | 
South America | 50.2 | 52.8 | 
APAC | 248.3 | 211.8 | 
Total | $ 1,563.6 | $ 1,275.6 | 


Question: What years are included in the table?
Answer: 2019, 2018, 2017
Recently Adopted Accounting Pronouncements
On April 1, 2018, the Company adopted ASU 2014-09-Revenue from Contracts with Customers (ASC 606) and all related amendments (“New Revenue Standard”) using the modified retrospective method. The Company has applied the new revenue standard to all contracts that were entered into after adoption and to all contracts that were open as of the initial date of adoption. The Company recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The adoption of the new standard impacts the Company's net sales on an ongoing basis depending on the relative amount of revenue sold through its distributors, the change in inventory held by its distributors, and the changes in price concessions granted to its distributors. Previously, the Company deferred revenue and cost of sales on shipments to distributors until the distributor sold the product to their end customer. As required by the new revenue standard, the Company no longer defers revenue and cost of sales, but rather, estimates the effects of returns and allowances provided to distributors and records revenue at the time of sale to the distributor. Sales to non-distributor customers, under both the previous and new revenue standards, are generally recognized upon the Company’s shipment of the product. The cumulative effect of the changes made to the consolidated April 1, 2018 balance sheet for the adoption of the new revenue standard is summarized in the table of opening balance sheet adjustments below. In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on the consolidated income statement and balance sheet for the period ended March 31, 2019 was as follows (in millions):
The significant changes in the financial statements noted in the table above are primarily due to the transition from sellthrough revenue recognition to sell-in revenue recognition as required by the New Revenue Standard, which eliminated the balance of deferred income on shipments to distributors, significantly reduced accounts receivable, and significantly increased retained earnings. Prior to the acquisition of Microsemi, Microsemi already recognized revenue on a sell-in basis, so the impact of the adoption of the New Revenue Standard was primarily driven by Microchip's historical business excluding Microsemi.
Table:
 |  | For the year ended March 31, 2019 | 
Income Statement | As reported | Balances without adoption of New Revenue Standard | Effect of Change Higher / (Lower)
Net sales | $5,349.5 | $5,380.1 | $(30.6)
Cost of sales | $2,418.2 | $2,434.0 | $(15.8)
Gross profit | $2,931.3 | $2,946.1 | $(14.8)
Income before income taxes | $204.5 | $219.3 | $(14.8)
Income tax (benefit) provision | $(151.4) | $(149.0) | $(2.4)
Net income from continuing operations | $355.9 | $368.3 | $(12.4)


Question: Which reported amounts exceeded $3,000 million?
Answer: Net sales
Calculation: (Net sales:5,349.5)
Return on invested capital
Return on invested capital (ROIC) is a measure of the return generated on capital invested by the Group. The measure provides a guide rail for longterm value creation and encourages compounding reinvestment within the business and discipline around acquisitions with low returns and long payback. ROIC is calculated as underlying operating profit after tax divided by the annual average of: goodwill, intangible assets, property, plant and equipment, net assets held for sale, inventories, trade and other current receivables, and trade payables and other current liabilities.
(a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
(b) See reconciliation of operating profit to underlying operating profit on page 30.
(c) Tax on underlying operating profit is calculated as underlying operating profit before tax multiplied by underlying effective tax rate of 25.5% (2018: 25.7%) which is shown on page 30.
Table:
 | € million 2019 | € million 2018
 |  | (Restated)(a)
Underlying operating profit before tax(b) | 9,947 | 9,463
Tax on underlying operating profit(c) | (2,536) | (2,432)
Operating profit after tax | 7,411 | 7,031
Goodwill | 18,067 | 17,341
Intangible assets | 12,962 | 12,152
Property, plant and equipment | 12,062 | 12,088
Net assets held for sale | 81 | 108
Inventories | 4,164 | 4,301
Trade and other current receivables | 6,695 | 6,482
Trade payables and other current liabilities | (14,768) | (14,457)
Period-end invested capital | 39,263 | 38,015
Average invested capital for the period | 38,639 | 38,749
Return on average invested capital | 19.2% | 18.1%


Question: What is Return on Invested Capital (ROIC) ?
Answer: measure of the return generated on capital invested by the Group
Share-Based Payment Expense
The expense recognised for employee services received during the year is as follows:
The cash-settled expense comprises cash-based awards together with certain social security taxes. The carrying value of the liability as at 31 March 2019 was $1.6M (2018: $3.1M).
Table:
 | Year-ended 31 March 2019 | Year-ended 31 March 2018
 | $M | $M
Cash-settled transactions | 1.9 | 2.7
Equity-settled transactions | 35.0 | 39.6
Total share-based payment expense | 36.9 | 42.3


Question: What was the  Cash-settled transactions for 2019?
Answer: 1.9
As at December 31, 2019, we had US$8.3 billion of US dollardenominated senior notes and debentures, all of which were hedged using debt derivatives.
1 US dollar-denominated long-term debt reflects the hedged exchange rate and the hedged interest rate.
2 Pursuant to the requirements for hedge accounting under IFRS 9, Financial instruments, as at December 31, 2019 and December 31, 2018, RCI accounted for 100% of its debt derivatives related to senior notes as hedges against designated US dollar-denominated debt. As a result, as at December 31, 2019 and 2018, 100% of our US dollar-denominated senior notes and debentures are hedged for accounting and economic purposes.
3 Borrowings include long-term debt, including the impact of debt derivatives, and short-term borrowings associated with our US CP and accounts receivable securitization programs.
Table:
 | As at December 31 | 
(In millions of dollars, except exchange rates, percentages, and years) | 2019 | 2018
US dollar-denominated long-term debt 1 | US$ 8,300 | US$ 6,050
Hedged with debt derivatives | US$ 8,300 | US$ 6,050
Hedged exchange rate | 1.1932 | 1.1438
Percent hedged2 | 100.0% | 100.0%
Amount of borrowings at fixed rates 3 |  | 
Total borrowings | $ 17,496 | $ 15,320
Total borrowings at fixed rates | $ 15,254 | $ 13,070
Percent of borrowings at fixed rates | 87.2% | 85.3%
Weighted average interest rate on borrowings | 4.30% | 4.45%
Weighted average term to maturity | 14.1 years | 10.7 years


Question: What was the hedged exchange rate in 2019?
Answer: 1.1932
A.3.8 Financial Services
Financial Services supports its customers’ investments with leasing solutions and equipment, project and structured financing in the form of debt and equity investments. Based on its comprehensive financing know-how and specialist technology expertise in
the areas of Siemens businesses, Financial Services provides financial
solutions for Siemens customers as well as other companies.
Financial Services again delivered strong earnings before taxes. While the equity business recorded higher results, the result from the debt business declined, amongst others due to higher credit hits. Total assets increased along with a growth in debt business and in part due to positive currency translation effects.
Financial Services is geared to Siemens’ industrial businesses and its markets. As such Financial Services is influenced by the business development of the markets served by our industrial businesses, among other factors. Financial Services will continue to focus its business scope on areas of intense domain know-how.
Table:
 |  | Fiscal year
(in millions of €) | 2019 | 2018
Earnings before taxes (EBT) | 632 | 633
ROE (after taxes) | 19.1 % | 19.7 %
 |  | Sep 30,
(in millions of €) | 2019 | 2018
Total assets | 29,901 | 27,628


Question: What is the increase / (decrease) in the ROE(after taxes) from 2018 to 2019?
Answer: -0.6
Calculation: 19.1% - 19.7%
45. Contingent liabilities
Contingent liabilities from guarantee and warranty contracts are primarily rent guarantees with terms of up to 10 years if utilisation is not considered entirely unlikely.
Table:
€ million | 30/9/2018 | 30/9/2019
Contingent liabilities from guarantee and warranty contracts | 18 | 17
Contingent liabilities from the provision of collateral for third-party liabilities | 9 | 12
Other contingent liabilities | 0 | 1
 | 27 | 30


Question: What are the Contingent liabilities in FY2019?
Answer: 30
NOTE 15 – INCOME TAXES
As of December 31, 2019, the Company had net operating loss carry-forwards for federal income tax purposes of approximately $18.3 million, consisting of pre-2018 losses in the amount of approximately $14.3 million that expire from 2020 through 2037, and post-2017 losses in the amount of approximately $4 million that never expire. These net operating losses are available to offset future taxable income. The Company was formed in 2006 as a limited liability company and changed to a corporation in 2007. Activity prior to incorporation is not reflected in the Company’s corporate tax returns. In the future, the cumulative net operating loss carry-forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.
The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:
The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:
Table:
 | 2019 | 2018
Federal income tax benefit (expense) attributable to:         |  | 
Current operations  | $848,000 | $(48,000)
Acquisition costs   | (143,000) | -
Change in fair value of contingent consideration   | (133,000) | -
Other permanent items   | 29,000 | (36,000)
Deferred Adjustment   | (913,000) | -
Valuation allowance   | 1,209,960 | 84,000
Net provision for federal income tax  | $897,960 | $-


Question: How much was the net provision for federal income tax in 2019? 
Answer: $897,960
49. Notes on related parties
In financial year 2018/19, METRO maintained the following business relations to related companies:
Transactions with associated companies and other related parties
The services received totalling €93 million (2017/18: €96 million) that METRO companies received from associates and other related parties in financial year 2018/19 consisted mainly of real estate leases in the amount of €79 million (2017/18: €80 million), thereof €76 million from associates; (2017/18: €78 million) and the rendering of services in the amount of €15 million (2017/18: €16 million), thereof €7 million from joint ventures; (2017/18: €8 million). Other future financial commitments in the amount of €667 million (2017/18: €719 million) consist of tenancy agreements with the following associated companies: OPCI FWP France, OPCI FWS France, Habib METRO Pakistan and the Mayfair group. In financial year 2018/19, METRO companies provided services to companies belonging to the group of associates and related parties in the amount of €8 million (2017/18: €8 million). A dividend of €38 million has been paid out to a shareholder with significant influence. Business relations with related parties are based on contractual agreements providing for arm’s length prices. As in financial year 2017/18, there were no business relations with related natural persons and companies of management in key positions in financial year 2018/19.
Related persons (compensation for management in key positions)
The management in key positions consists of members of the Management Board and the Supervisory Board of METRO AG. Thus, the expenses for members of the Management Board of METRO AG amounted to €6.9 million (2017/18: €5.2 million) for short-term benefits and €3.7 million (2017/18: €7.0 million) for post-employment benefits. Thereof an amount of €3.0 million relates to termination benefits paid in financial year 2018/19. The expenses for existing compensation programmes with long-term incentive effect in financial year 2018/19, calculated in accordance with IFRS 2, amounted to €2.6 million (2017/18: €0.7 million). The short-term compensation for the members of the Supervisory Board of METRO AG amounted to €2.2 million (2017/18: €2.2 million). The total compensation for members of the Management Board in key positions in financial year 2018/19 amounted to €15.4 million (2017/18: €15.1 million).
Table:
€ million | 2017/2018 | 2018/2019
Services provided | 8 | 8
Associates | 5 | 5
Joint ventures | 3 | 3
Miscellaneous related parties | 0 | 0
Services received | 96 | 93
Associates | 78 | 76
Joint ventures | 8 | 7
Miscellaneous related parties | 10 | 10
Receivables from services provided, as of 30/9 | 0 | 0
Associates | 0 | 0
Joint ventures | 0 | 0
Miscellaneous related parties | 0 | 0
Liabilities from goods/services received as of 30/9 | 1 | 1
Associates | 0 | 0
Joint ventures | 0 | 0
Miscellaneous related parties | 1 | 1


Question: What was the change in services received in FY2019 from FY2018?
Answer: -3
Calculation: 93-96