hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
(1)  The bonus paid in 2019, 2018 and 2017 was approved by the compensation Committee and Supervisory Board with respect to the 2018, 2017 and 2016 financial year, respectively, based on the evaluation and assessment of the actual fulfillment of a number of pre-defined objectives for such year.
(2)  Including stock awards, employer social contributions, company car allowance, pension contributions, complementary pension contributions, miscellaneous allowances as well as one-off contractually obligated deferred compensation paid to Mr. Bozotti in 2019.
In accordance with the resolutions adopted at our AGM held on May 30, 2012, the bonus of our former President and Chief Executive Officer, Mr. Bozotti, in 2018 and 2017 included a portion of a bonus payable in stock awards and corresponding to 86,782 and 59,435 vested shares, respectively, based on fulfillment of a number of pre-defined objectives.
In addition, our sole member of our Managing Board, President and Chief Executive Officer, Mr. Chery, was granted, in accordance with the compensation policy adopted by our General Meeting of Shareholders and subsequent shareholder authorizations, up to 100,000 unvested Stock Awards. The vesting of such stock awards is conditional upon the sole member of our Managing Board, President and Chief Executive Officer’s, continued service with us.
(3) In 2019, the total compensation of the sole member of our Managing Board, President and Chief Executive Officer was 46% fixed to 54% variable, compared to 12% fixed to 88% variable in 2018 and 44% fixed to 56% variable in 2017.
Table:
 | 2019 | 2018 | 2017
Salary | $896,297 | $927,820 | $903,186
Bonus(1) | $1,280,173 | $3,214,578 | $1,044,514
Charges and Non-cash Benefits(2) | $5,618,382 | $6,971,946 | $1,828,814
Total(3) | $7,794,852 | $11,114,344 | $3,776,514


Question: What is approving authority of paid bonus?
Answer: The bonus paid in 2019, 2018 and 2017 was approved by the compensation Committee and Supervisory Board
Non‐executive Director fees are paid from an aggregate annual fee pool of $4,000,000, as approved by shareholders at the AGM on 18 November 2010. Total board and committee fees paid during F19 were $2,859,903 (refer to section 5.1).
Non‐executive Directors do not receive variable pay and no Directors’ fees are paid to Executive Directors.
In recognition of the equal importance and workload of all of the Board’s Committees, the Board reviewed Non‐executive Director fees and determined to increase Chair and Member fees for the People Performance Committee and Sustainability Committee as detailed in the table below, effective 1 July 2019. The table below provides a summary of F19 and F20 Board and Committee fees:
Table:
 | CHAIR |  | MEMBER | 
 | F19 FEE | F20 FEE | F19 FEE | F20 FEE
BOARD AND COMMITTEE FEES ($) | INCL. SUPER | INCL. SUPER | INCL. SUPER | INCL. SUPER
Board | $790,531 | $790,531 | $254,990 | $254,990
Audit, Risk Management and Compliance Committee | $65,000 | $65,000 | $32,500 | $32,500
People Performance Committee | $54,525 | $65,000 | $27,265 | $32,500
Sustainability Committee | $45,000 | $65,000 | $22,500 | $32,500
Nomination Committee | Nil | Nil | Nil | Nil


Question: What was the total board and committee fees paid during F19?
Answer: $2,859,903
Stock options
The following tables summarize our stock option activities and related information:
(1) The aggregate intrinsic value represents the excess of the closing price of our common stock of $6.87 as of December 31, 2019 over theexercise price of the outstanding in-the-money options.
Table:
 | Number of Shares (thousands) | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Term (years) | Aggregate Intrinsic Value(1) (thousands)
Outstanding as of December 31, 2018 | 4,674 | $5.19 |  | 
Granted | — | $ — |  | 
Exercised | (842) | $2.84 |  | 
Canceled | (130) | $9.41 |  | 
Outstanding as of December 31, 2019 | 3,702 | $5.57 | 3.52 | $6,395
Vested and exercisable as of December 31, 2019 | 3,427 | $5.49 | 3.56 | $6,210


Question: What is difference on the aggregate intrinsic value between Outstanding and Vested and exercisable as of December 31, 2019?
Answer: 185
Calculation: $6,395-$6,210
Outstanding Equity Awards at Fiscal Year End
The following table summarizes the equity awards made to our named executive officers that were outstanding at December 31, 2019
Table:
Name | No. of Securities Underlying Unexercised Options (#) Exercisable No. of Securities Underlying Unexercised | No. of Securities Underlying Unexercised Options (#) Unexercisable No. of Securities Underlying Unexercised | Option Exercise Price | Option Expiration Date
Garo H. Armen (1) | 500,000 | - | $1.25 | April 16, 2026
Garo H. Armen (2) | 184,028 | 65,972 | $1.75 | October 16, 2027
Alexander K. Arrow (3) | 100,000 | - | $1.25 | February 12, 2026
Alexander K. Arrow (3) | 140,000 | - | $1.25 | April 15, 2026
Alexander K. Arrow (4) | 55,208 | 19,792 | $1.75 | October 16, 2027
Alexander K. Arrow (5) | 41,667 | - | $1.00 | February 1, 2029


Question: How many options would expire on April 15, 2026?
Answer: 640000
Calculation: 500,000 + 140,000
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
We expect to make $493 of contributions to the U.S. plans and $261 of contributions to the non-U.S. plans during 2020.
The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:
Table:
 | U.S. Pension Plans | Non-U.S. Pension Plans | Post-Retirement Life Insurance Plan
2020 | $15,514 | $46 | $393
2021 | 15,399 | 54 | 377
2022 | 15,218 | 82 | 362
2023 | 14,983 | 69 | 347
2024 | 14,706 | 84 | 332
2025-2029 | 68,594 | 715 | 1,468
Total | $144,414 | $1,050 | $3,279


Question: How much does the company expect to pay for Post-Retirement Life Insurance Plans in 2023?
Answer: 347
Disaggregation of revenue
To provide visibility into our transition from older products to our newer, higher growth products and clarity into the dynamics of our product revenue, we have historically grouped our products by “Strategic” and “Mature” solutions. Strategic solutions include Clustered ONTAP, branded E-Series, SolidFire, converged and hyper-converged infrastructure, ELAs and other optional add-on software products. Mature solutions include 7-mode ONTAP, add-on hardware and related operating system (OS) software and original equipment manufacturers (OEM) products. Both our Mature and Strategic product lines include a mix of disk, hybrid and all flash storage media. Additionally, we provide a variety of services including software maintenance, hardware maintenance and other services including professional services, global support solutions, and customer education and training.
The following table depicts the disaggregation of revenue by our products and services (in millions):
Revenues by geographic region are presented in Note 16 – Segment, Geographic, and Significant Customer Information
Table:
 |  | Year Ended | 
 | April 26, 2019 | April 27, 2018 | April 28, 2017
Product revenues | $ 3,755 | $  3,525 | $  3,060
Strategic | 2,709 | 2,468 | 2,000
Mature | 1,046 | 1,057 | 1,060
Software maintenance revenues | 946 | 902 | 905
Hardware maintenance and other services revenues | 1,445 | 1,492 | 1,526
Hardware maintenance support contracts | 1,182 | 1,214 | 1,258
Professional and other services | 263 | 278 | 268
Net revenues | $ 6,146 | $  5,919 | $  5,491


Question: Which years does the table provide information for the disaggregation of revenue by the company's products and services for?
Answer: 2019, 2018, 2017
15. ASSET UNDER DEVELOPMENT
In May 2018, upon the completion of the Hilli FLNG conversion and commissioning, we reclassified $1,296 million to "Vessels and equipment, net" in our consolidated balance sheet as of December 31, 2018.
In December 2018, we entered into agreements with Keppel for the conversion of the Gimi to a FLNG and consequently reclassified the carrying value of the Gimi of $20.0 million from "Vessels and equipment, net" to "Asset under development".
In February 2019, Golar entered into an agreement with BP for the employment of a FLNG unit, Gimi, to service the Greater Tortue Ahmeyim project for a 20-year period expected to commence in 2022.
In April 2019, we issued the shipyard with a Final Notice to Proceed with conversion works that had been initiated under the Limited Notice to Proceed. We also completed the sale of 30% of the total issued ordinary share capital of Gimi MS Corp to First FLNG Holdings (see note 5). The estimated conversion cost of the Gimi is approximately $1.3 billion.
Table:
(in thousands of $) | 2019 | 2018
As of January 1 | 20,000 | 1,177,489
Additions | 372,849 | 118,942
Transfer to vessels and equipment, net (note 16) | — | (1,296,431)
Transfer from vessels and equipment, net (note 16) | — | 20,000
Transfer from other non-current assets (note 17) | 31,048 | —
Interest costs capitalized | 10,351 | —
As of December 31 | 434,248 | 20,000


Question: Which years did Golar enter into agreements with companies like Keppel and BP respectively?
Answer: 2018, 2019
Property, plant and equipment, net
Property, plant and equipment, net consisted of the following at December 31, 2019 and 2018 (in thousands):
We periodically assess the estimated useful lives of our property, plant and equipment whenever applicable facts and circumstances indicate a change in the estimated useful life of an asset may have occurred. During the year ended December 31, 2019, we revised the estimated useful lives of certain core Series 6 manufacturing equipment from 10 years to 15 years. Such revision was primarily due to the validation of certain aspects of our Series 6 module technology, including the nature of the manufacturing process, the operating and maintenance cost profile of the manufacturing equipment, and the technology’s compatibility with our long-term module technology roadmap. We expect the revised useful lives to reduce depreciation by approximately $15.0 million per year. Depreciation of property, plant and equipment was $176.4 million, $109.1 million, and $91.4 million for the years ended December 31, 2019, 2018, and 2017, respectively.
Table:
 | 2019 | 2018
Land | $14,241 | $14,382
Buildings and improvements . | 664,266 | 567,605
Machinery and equipment . | 2,436,997 | 1,826,434
Office equipment and furniture . | 159,848 | 178,011
Leasehold improvements | 48,772 | 49,055
Construction in progress | 243,107 | 405,581
Property, plant and equipment, gross | 3,567,231 | 3,041,068
Accumulated depreciation . | (1,386,082) | (1,284,857)
Property, plant and equipment, net | $2,181,149 | $1,756,211


Question: What were the reasons for the revision of manufacturing equipment in 2019?
Answer: Such revision was primarily due to the validation of certain aspects of our Series 6 module technology, including the nature of the manufacturing process, the operating and maintenance cost profile of the manufacturing equipment, and the technology’s compatibility with our long-term module technology roadmap.
Subsequent to origination, the delinquency and write-off experience is monitored as key credit quality indicators for the portfolio of device payment plan agreement receivables and fixed-term service plans. The extent of collection efforts with respect to a particular customer are based on the results of proprietary custom empirically derived internal behavioral-scoring models that analyze the customer’s past performance to predict the likelihood of the customer falling further delinquent.
These customer-scoring models assess a number of variables, including origination characteristics, customer account history and payment patterns. Based on the score derived from these models, accounts are grouped by risk category to determine the collection strategy to be applied to such accounts.
Collection performance results and the credit quality of device payment plan agreement receivables are continuously monitored based on a variety of metrics, including aging. An account is considered to be delinquent and in default status if there are unpaid charges remaining on the account on the day after the bill’s due date.
At December 31, 2019 and 2018, the balance and aging of the device payment plan agreement receivables on a gross basis was as follows:
Table:
 | 2019 | 2018
Unbilled | $ 12,403 | $ 11,485
Billed: |  | 
Current | 815 | 641
Past due | 262 | 209
Device payment plan agreement receivables, gross | $ 13,480 | $ 12,335


Question: What is the average current billed for 2018 and 2019?
Answer: 728
Calculation: (815 + 641) / 2
Liability Insurance
The Company carries property, general liability, vehicle liability, directors’ and officers’ liability and workers’ compensation insurance. Additionally, the Company carries an umbrella liability policy to provide excess coverage over the underlying limits of the aforementioned primary policies.
The Company’s insurance programs for workers’ compensation, general liability, and employee related health care benefits are provided through high deductible or self-insured programs. Claims in excess of self-insurance levels are fully insured subject to policy limits. Accruals are based on historical claims experience, actual claims filed, and estimates of claims incurred but not reported.
The Company’s liabilities for unpaid and incurred, but not reported claims, for workers’ compensation, general liability, and health insurance at September 2019 and September 2018 was $1.5 million and $1.6 million, respectively. These amounts are included in accrued expenses in the accompanying Consolidated Balance Sheets. While the ultimate amount of claims incurred is dependent on future developments, in the Company’s opinion, recorded reserves are adequate to cover the future payment of claims previously incurred. However, it is possible that recorded reserves may not be adequate to cover the future payment of claims.
Adjustments, if any, to claims estimates previously recorded, resulting from actual claim payments, are reflected in operations in the periods in which such adjustments are known.
A summary of the activity in the Company’s self-insured liabilities reserve is set forth below (in millions):
Table:
 | 2019 | 2018
Beginning balance | $1.6 | $1.5
Charged to expense | 5.4 | 5.8
Payments | (5.5) | (5.7)
Ending balance | $ 1.5 | $ 1.6


Question: What is the beginning balance in 2019 and 2018 respectively?
Answer: $1.6, $1.5
CTS CORPORATION AND SUBSIDIARIES Consolidated Statements of Comprehensive Earnings (in thousands)
The accompanying notes are an integral part of the consolidated financial statements.
Table:
 |  | Years Ended December 31, | 
 | 2019 | 2018 | 2017
Net earnings | $36,146 | $46,532 | $14,448
Other comprehensive earnings (loss): |  |  | 
Changes in fair market value of derivatives, net of tax | (509) | 795 | 110
Changes in unrealized pension cost, net of tax | 6,439 | (1,830) | 13,687
Cumulative translation adjustment, net of tax | 83 | (311) | 437
Other comprehensive earnings (loss) | $6,013 | $(1,346) | $14,234
Comprehensive earnings | $42,159 | $45,186 | $28,682


Question: What was the Changes in fair market value of derivatives, net of tax in 2018?
Answer: 795
CONSOLIDATED STATEMENTS OF OPERATIONS
The accompanying notes are an integral part of these consolidated financial statements.
Table:
 | Fiscal Years Ended September | 
 | 2019 | 2018
Sales (including excise taxes of $370.2 million and $368.4 million, | $1,392,388,157 | $1,322,306,658
Cost of sales | 1,308,364,726 | 1,245,375,460
Gross profit | 84,023,431 | 76,931,198
Selling, general and administrative expenses | 72,182,883 | 66,781,234
Depreciation and amortization | 2,617,591 | 2,318,146
Impairment charges | 2,873,269 | 1,912,877
 | 77,673,743 | 71,012,257
Operating income | 6,349,688 | 5,918,941
Other expense (income): |  | 
Interest expense | 1,598,864 | 1,194,373
Other (income), net | (61,119) | (54,042)
 | 1,537,745 | 1,140,331
Income from operations before income taxes | 4,811,943 | 4,778,610
Income tax expense | 1,609,000 | 1,164,000
Net income available to common shareholders | $ 3,202,943 | $  3,614,610
Basic earnings per share available to common shareholders | $ 5.36 | $  5.47
Diluted earnings per share available to common shareholders | $ 5.25 | $  5.38
Basic weighted average shares outstanding | 597,961 | 660,925
Diluted weighted average shares outstanding | 609,836 | 672,449
Dividends declared and paid per common share | $ 1.00 | $  1.00


Question: What are the respective sales in the fiscal years ended September 2018 and 2019?
Answer: $1,322,306,658, $1,392,388,157
Share Options
The fair value of equity-settled share options granted is measured as at the date of grant using a Black-Scholes model, taking into account the terms and conditions upon which the options were granted.
The following table illustrates the weighted average inputs into the Black-Scholes model in the year:
The weighted average fair value of options granted during the year was $ cents 220.53 (2018: $ cents 185.33).
The expected volatility reflects the assumption that the historical share price volatility is indicative of future trends, which may not necessarily be the actual outcome. An increase in the expected volatility will increase the estimated fair value.
The expected life of the options is based on historical data and is not necessarily indicative of exercise patterns that may occur. The expected life used in the model has been adjusted, based on the Director’s best estimate, taking into account the effects of exercise restrictions, non-transferability and behavioural considerations. An increase in the expected life will increase the estimated fair value.
Table:
 | Year-ended | Year-ended
 | 31 March 2019 | 31 March 2018
Weighted average share price ($ cents) | 676.10 | 628.23
Weighted average exercise price ($ cents) | 558.54 | 516.70
Expected volatility | 54.91% | 38.20%
Expected life of options (years) | 1.69 | 2.08
Risk free rate | 1.56% | 1.49%
Dividend yield | 0.81% | 0.70%


Question: What was the change in Weighted average share price in 2019 from 2018?
Answer: 47.87
Calculation: 676.10-628.23
Note 7. Prepaid Expenses and Other Current Assets and Accrued and Other Current Liabilities
Prepaid expenses and other current assets as of December 31, 2019 and 2018 consisted of the following:
Table:
December 31, |  | 
 | 2019 | 2018
Prepaid expenses | $1,948 | $1,179
Securities litigation insurance receivable | 16,627 | 306
Other current assets | 1,556 | 2,865
Prepaid expenses and other current assets | $20,131 | $4,350


Question: What are the respective other current assets in 2018 and 2019? 
Answer: 2,865, 1,556
As of December 31, 2019, exercisable options had an intrinsic value of less than $0.1 million. The intrinsic value of options exercised was $0.4 million in 2019 and $0.1 million in 2018. The following are the assumptions used in valuing the 2019 and 2018 stock option grants:
In January 2020, we issued options to employees for the purchase of up to 591,004 shares of common stock, at an exercise price of $1.23 per share which vest and become exercisable in four annual installments ending in January 2024. The options have a grant date fair value per share of $1.26.
Table:
Year Ended December 31 |  | 
 | 2019 | 2018
Assumed volatility | 64% - 69% | 75% - 81%
 | (67% weighted average) | (78% weighted average)
Assumed risk free interest rate | 1.8% - 2.7% | 2.2% - 2.8%
 | (2.4% weighted average) | (2.5% weighted average)
Average expected life of options (in years) | 6.1 - 6.3 | 6.2
 | (6.2 weighted average) | (6.2 weighted average)
Expected dividends | - | -


Question: What is the average assumed volatility in 2018?
Answer: 78
Calculation: (75 + 81)/2
3.2 Capital risk management
The Group’s objectives on managing capital are to safeguard the Group’s ability to continue as a going concern and support the sustainable growth of the Group in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to enhance shareholders’ value in the long term.
Capital refers to equity and external debts (including borrowings and notes payable). In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, repurchase the Company’s shares or raise/repay debts.
The Group monitors capital by regularly reviewing debts to adjusted earnings before interest, tax, depreciation and amortisation (“EBITDA”) (Note) ratio, being the measure of the Group’s ability to pay off all debts that reflects financial health and liquidity position. The total debts/adjusted EBITDA ratio calculated by dividing the total debts by adjusted EBITDA is as follows:
Note: Adjusted EBITDA represents operating profit less interest income and other gains/(losses), net, and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, amortisation of intangible assets and equitysettled share-based compensation expenses.
Table:
 | As at 31 December | 
 | 2019 | 2018
 | RMB’Million | RMB’Million
Borrowings (Note 35) | 126,952 | 114,271
Notes payable (Note 36) | 93,861 | 65,018
Total debts | 220,813 | 179,289
Adjusted EBITDA (Note) | 147,395 | 118,273
Total debts/Adjusted EBITDA ratio | 1.50 | 1.52


Question: What is the amount of notes payable as at 31 December 2019?
Answer: 93,861
Consolidated Statements of Operations Data
The following table sets forth consolidated statements of operations data for the periods indicated (amounts in millions) and as a percentage of total net revenues, except for cost of revenues, which are presented as a percentage of associated revenues:
(1) During the three months ended March 31, 2019, we identified an amount which should have been recorded in the three months and year ended December 31, 2018 to reduce income tax expense by $35 million. Our statement of operations for the year ended December 31, 2018, as presented above, has been revised to reflect the correction. See further discussion in Note 2 of the notes to the consolidated financial statements included in Item 8 of this Annual Report on Form 10-K.
(2) Represents the loss on extinguishment of debt we recognized in connection with our debt financing activities during the year ended December 31, 2018. The loss on extinguishment is comprised of a $25 million premium payment and a $15 million write-off of unamortized discount and deferred financing costs.
Table:
 | For the Years |  | Ended December 31, | 
 | 2019 |  | 2018(1) | 
Net revenues |  |  |  | 
Product sales | $1,975 | 30% | $2,255 | 30%
Subscription, licensing, and other revenues | 4,514 | 70 | 5,245 | 70
Total net revenues | 6,489 | 100 | 7,500 | 100
Costs and expenses |  |  |  | 
Cost of revenues—product sales: |  |  |  | 
Product costs | 656 | 33 | 719 | 32
Software royalties, amortization, and intellectual property licenses | 240 | 12 | 371 | 16
Cost of revenues—subscription, licensing, and other |  |  |  | 
Game operations and distribution costs | 965 | 21 | 1,028 | 20
Software royalties, amortization, and intellectual property licenses | 233 | 5 | 399 | 8
Product development | 998 | 15 | 1,101 | 15
Sales and marketing | 926 | 14 | 1,062 | 14
General and administrative | 732 | 11 | 822 | 11
Restructuring and related costs | 132 | 2 | 10 | —
Total costs and expenses | 4,882 | 75 | 5,512 | 73
Operating income | 1,607 | 25 | 1,988 | 27
Interest and other expense (income), net | (26) | — | 71 | 1
Loss on extinguishment of debt (2) | — | — | 40 | 1
Income before income tax expense | 1,633 | 25 | 1,877 | 25
Income tax expense | 130 | 2 | 29 | —
Net income | $1,503 | 23% | $1,848 | 25%


Question: What is the percentage change in product costs between 2018 and 2019?
Answer: -8.76
Calculation: (656-719)/719