hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities at each fiscal year-end are presented below (in thousands):
The Tax Act was enacted into law on December 22, 2017. The Tax Act included a reduction in the U.S. federal statutory corporate income tax rate (the “Tax Rate”) from 35% to 21% and introduced new limitations on certain business deductions. As a result, for the fiscal year ended September 30, 2018, we recognized a year-to-date, non-cash $32.5 million tax provision expense impact primarily related to the re-measurement of our deferred tax assets and liabilities due to the reduced Tax Rate.
Deferred tax assets as of September 29, 2019 include state net operating loss carry-forwards of approximately$27.4 million expiring at various times between 2020 and 2038. At September 29, 2019, we recorded a valuation allowance of$2.5 million related to losses and state tax credits, which decreased from the$3.6 million at September 30, 2018 primarily due to the release of the valuation allowance on prior year net operating losses. We believe that it is more likely than not that these net operating loss and credit carry-forwards will not be realized and that all other deferred tax assets will be realized through future taxable income or alternative tax strategies.
The major jurisdictions in which the Company files income tax returns include the United States and states in which we operate that impose an income tax. The federal statutes of limitations have not expired for fiscal years 2016 and forward. The statutes of limitations for California and Texas, which constitute the Company’s major state tax jurisdictions, have not expired for fiscal years 2015 and forward.
Table:
 | 2019 | 2018
Deferred tax assets: |  | 
Accrued defined benefit pension and postretirement benefits | $46,918 | $34,776
Deferred income | 13,803 | 1,535
Impairment | 9,981 | 11,388
Accrued insurance | 7,133 | 8,994
Share-based compensation | 5,415 | 4,936
Tax loss and tax credit carryforwards | 5,327 | 7,458
Lease commitments related to closed or refranchised locations | 3,786 | 4,696
Deferred interest deduction | 3,188 | —
Other reserves and allowances | 2,965 | 851
Accrued incentive compensation | 2,617 | 2,055
Accrued compensation expense | 1,092 | 2,034
Interest rate swaps | — | 181
Other, net | 868 | 2,206
Total gross deferred tax assets | 103,093 | 81,110
Valuation allowance | (2,485) | (3,554)
Total net deferred tax assets | 100,608 | 77,556
Deferred tax liabilities: |  | 
Intangible assets | (10,520) | (10,492)
Leasing transactions | (3,822) | (2,790)
Property and equipment, principally due to differences in depreciation | (128) | (1,855)
Other | (574) | (279)
Total gross deferred tax liabilities | (15,044) | (15,416)
Net deferred tax assets | $85,564 | $62,140


Question: What is the difference in net deferred tax assets between 2018 and 2019?
Answer: 23424
Calculation: $85,564-$62,140
Movements in total self‐insured risks, restructuring, onerous contracts, store exit costs, and other provisions
(1) The increase in restructuring, onerous contracts, and store exit costs in 2019 is primarily attributable to the recognition of provisions associated with the BIG W network review as outlined in Note 1.4.
A provision is recognised when the Group has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and a reliable estimate can be made as to the amount of the obligation. The amount recognised is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation.
A liability is recognised for benefits accruing to employees in respect of annual leave and long service leave.
Liabilities expected to be settled within 12 months are measured at their nominal values using the remuneration rate expected to apply at the time of settlement.
Liabilities which are not expected to be settled within 12 months are measured as the present value of the estimated future cash outflows to be made by the Group in respect of services provided by employees up to the reporting date.
The provision for self-insured risks primarily represents the estimated liability for workers’ compensation and public liability claims.
Provision for restructuring is recognised when the Group has developed a detailed formal plan for the restructuring and has raised a valid expectation in those affected by the restructuring that the restructuring will occur.
An onerous contract is a contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it.
Table:
 |  |  | RESTRUCTURING, ONEROUS | 
 |  |  | CONTRACTS, STORE EXIT COSTS, | 
 | SELF‑INSURED RISKS |  | AND OTHER | 
 | 2019 | 2018 | 2019 | 2018
 | $M | $M | $M | $M
Movement: |  |  |  | 
Balance at start of period | 596 | 593 | 679 | 800
Net provisions recognised/(reversed) (1) | 177 | 161 | 225 | 55
Cash payments | (157) | (148) | (162) | (178)
Other | (13) | (10) | (5) | 2
Balance at end of period | 603 | 596 | 737 | 679
Current | 173 | 177 | 280 | 256
Non‑current | 430 | 419 | 457 | 423
 | 603 | 596 | 737 | 679


Question: When is provision for restructuring recognised?
Answer: Provision for restructuring is recognised when the Group has developed a detailed formal plan for the restructuring and has raised a valid expectation in those affected by the restructuring that the restructuring will occur.
The net deferred tax asset is classified on the consolidated balance sheets as follows (in thousands):
We have various tax attribute carryforwards which include the following:
• Foreign federal and local gross net operating loss carryforwards are $61.6 million, of which $47.0 million have no expiration date and $14.6 million have various expiration dates beginning in fiscal 2020. Among the total of $61.6 million foreign net operating loss carryforwards, a valuation allowance of $31.7 million has been provided for certain jurisdictions since the recovery of the carryforwards is uncertain. U.S. federal and certain state gross net operating loss carryforwards are $14.0 million and $30.7 million, respectively, which were acquired from our acquisitions. A full valuation allowance against certain other state net operating losses of $30.7 million has been recorded. California gross net operating loss carryforwards are $2.8 million and are scheduled to expire beginning in fiscal 2032.
• U.S. federal R&D credit carryforwards of $35.4 million are scheduled to expire beginning in fiscal 2025. California R&D credit carryforwards of $32.2 million have no expiration date. A total of $27.1 million valuation allowance, before U.S. federal benefit, has been recorded against California R&D credit carryforwards of $32.2 million since the recovery of the carryforwards is uncertain. Other states R&D credit carryforwards of $3.9 million are scheduled to expire beginning in fiscal 2020. A valuation allowance totaling $2.7 million, before U.S. federal benefit, has been recorded against certain state R&D credit carryforwards of $3.9 million since the recovery of the carryforwards is uncertain.
• U.S. federal foreign tax credit carryforwards of $51.9 million are scheduled to expire beginning in fiscal 2022.
Table:
 | Fiscal year-end | 
 | 2019 | 2018
Non-current deferred income tax assets | $87,011 | $64,858
Non-current deferred income tax liabilities | (27,785) | (26,339)
Net deferred tax assets | $59,226 | $38,519


Question: What was the Net deferred tax assets in 2019?
Answer: $59,226
4. Profit before tax
The following items have been charged in arriving at profit before tax:
Table:
 |  | 2019 | 2018
 | Notes | $ million | $ million
Employee benefit costs | 8 | 220.5 | 208.9
Costs of inventories recognised as an expense |  | 81.6 | 79.8
Write-down of inventories to net realisable value | 19 | 1.6 | 0.1
Amortisation of intangible assets | 13 | 2.1 | 4.3
Depreciation of property, plant and equipment | 14 | 14.7 | 16.5
Depreciation of right-of-use assets | 15 | 7.5 | –
Amortisation of assets recognised from costs to obtain a contract | 21 | 0.5 | 0.6
Operating leases – minimum lease payments |  | – | 8.5
Expenses relating to short-term leases and leases of low-value assets | 26 | 0.3 | –
Product development costs |  | 96.5 | 96.9
Net foreign exchange loss |  | 0.6 | 0.6


Question: In which year was the amount of product development costs larger?
Answer: 2018
Calculation: 96.9>96.5
The table below presents estimated payments and benefits that would have been provided to Messrs. Lien, Walcott and Bertz, assuming their respective qualifying terminations as of December 31, 2019. As a condition of receiving any severance benefits in connection with the change in control agreements, each named executive officer must execute a full waiver and release of all claims in our favor. In addition to the benefits described in the tables below, upon termination of employment each executive officer may be eligible for other benefits that are generally available to all salaried employees, such as life insurance, long-term disability, and 401(k) benefits.
(1) Mr. Lien would receive 18 months of base salary and 150% of his annual target bonus. Mr. Walcott would receive 12 months of base salary and 100% of his annual target bonus. Mr. Bertz would receive six months of base salary, 50% of his annual target bonus and the pro rata portion of his unpaid annual target bonus for the period of completed service.
(2) Mr. Lien would receive 18 months of COBRA benefits reimbursement and Mr. Bertz would receive six months of COBRA benefits reimbursement. Mr. Walcott elected not to receive benefits from the Company that would be eligible for continuation under COBRA. As a result, Mr. Walcott would not be eligible for post-termination COBRA benefits reimbursement.
(3) As of December 31, 2019, Mr. Walcott held a stock option with 13,006 unvested shares subject to such option with an exercise price of $17.15 per share. The exercise price of each of these stock options is greater than $1.38, the closing price of our common stock on The Nasdaq Global Market as of December 31, 2019. As of December 31, 2019, Mr. Walcott had 78,750 unvested RSUs and Mr. Bertz had 40,000 unvested RSUs.
(4) Mr. Lien would receive nine months of base salary and 75% of his annual target bonus; Mr. Walcott would receive six months of base salary and 50% of his target bonus; Mr. Bertz would receive three months of base salary and 25% of his target bonus.
(5) Mr. Lien would receive nine months of COBRA benefits reimbursement and Mr. Bertz would receive three months of COBRA benefits reimbursement. Mr. Walcott elected not to receive benefits from the Company that would be eligible for continuation under COBRA. As a result, Mr. Walcott would not be eligible for post-termination COBRA benefits reimbursement.
Table:
 | Chris Lien | Wister Walcott | Robert Bertz
Termination after Change of Control: |  |  | 
Cash Severance(1) | $1,200,000 | $450,000 | $254,063
Post-termination COBRA Reimbursement(2) | 48,160 | — | 11,098
Acceleration of Stock Options and RSUs(3) | — | 108,675 | 55,200
Total | $1,248,160 | $558,675 | $320,361
Termination not in connection with Change of Control: |  |  | 
Cash Severance(4) | $600,000 | $225,000 | $103,125
Post-termination COBRA Reimbursement(5) | 24,080 | — | 5,549
Total | $624,080 | $225,000 | $108,674


Question: What is the value of Wister Walcott's cash severance as a percentage of Chris Lien's under termination after Change of Control?
Answer: 37.5
Calculation: 450,000/1,200,000
Cash Flows
Our cash flows from operations are significantly impacted by timing of invoicing and collections of accounts receivable and annual bonus payments, as well as payments of payroll, payroll taxes, and other taxes.
We expect that we will continue to generate positive cash flows from operations on an annual basis, although this may fluctuate significantly on a quarterly basis. In particular, we typically use more cash during the first fiscal quarter ended October 31, as we generally pay cash bonuses to our employees for the prior fiscal year during that period and pay seasonally higher sales commissions from increased customer orders booked in our fourth fiscal quarter.
We believe that our existing cash and cash equivalents and sources of liquidity will be sufficient to fund our operations for at least the next 12 months. Our future capital requirements will depend on many factors, including our rate of revenue growth, the expansion of our sales and marketing activities, the timing and extent of our spending to support our research and development efforts, investments in cloud infrastructure and operating costs, and expansion into other markets.
We also may invest in or acquire complementary businesses, applications, or technologies, which may require the use of significant cash resources and/or additional financing. The following summary of cash flows for the periods indicated has been derived from our consolidated financial statements included elsewhere in this Annual Report on Form 10-K (in thousands):
Table:
 | Fiscal years ended July 31, | 
 | 2019 | 2018
Net cash provided by operating activities | $116,126 | $140,459
Net cash used in investing activities | $(301,433) | $(537,584)
Net cash provided by financing activities | $3,954 | $573,000


Question: What was the Net cash provided by financing activities in 2019 and 2018 respectively?
Answer: $3,954, $573,000
The following table presents the contractual maturities of our debt investments as of April 26, 2019 (in millions):
Actual maturities may differ from the contractual maturities because borrowers may have the right to call or prepay certain obligations.
Table:
 | Amortized Cost | Fair Value
Due in one year or less | $ 591 | $ 589
Due after one year through five years | 644 | 642
Due after five years through ten years | 455 | 452
 | $ 1,690 | $ 1,683


Question: What was the amortized cost that was due in one year or less as a ratio of the fair value for the same period?
Answer: 1
Calculation: 591/589
5. Investment income and financing costs
Investment income comprises interest received from short-term investments and other receivables as well as certain foreign exchange movements. Financing costs mainly arise from interest due on bonds and commercial paper issued, bank loans and the results of hedging transactions used to manage foreign exchange and interest rate movements
Note: 1 Includes €305 million (2018: €187 million; 2017: €272 million) of interest on foreign exchange derivatives.
Table:
 | 2019 | 2018 | 2017
 | €m | €m | €m
Investment income: |  |  | 
Amortised cost | 286 | 339 | 426
Fair value through profit and loss | 147 | 24 | 20
Foreign exchange | – | 322 | 28
 | 433 | 685 | 474
Financing costs: |  |  | 
Items in hedge relationships: |  |  | 
Other loans | 17 | 74 | 170
Interest rate and cross-currency interest rate swaps | (414) | (128) | (235)
Fair value hedging instrument | (8) | 48 | 22
Fair value of hedged item | 10 | (36) | (16)
Other financial liabilities held at amortised cost: |  |  | 
Bank loans and overdrafts | 336 | 317 | 419
Bonds and other liabilities1 | 1,567 | 885 | 1,243
Interest (credit)/charge on settlement of tax issues | (1) | (11) | 47
Fair value through profit and loss: |  |  | 
Derivatives – options, forward starting swaps and futures | 391 | (75) | (244)
Foreign exchange | 190 | – | –
 | 2,088 | 1,074 | 1,406
Net financing costs | 1,655 | 389 | 932


Question: How much is the 2019 amortised cost under investment income?
Answer: 286
Note 18: Comprehensive Income (Loss)
The components of accumulated other comprehensive loss, net of tax at the end of June 30, 2019, as well as the activity during the fiscal year ended June 30, 2019, were as follows:
(1) Amount of after-tax gain reclassified from accumulated other comprehensive income into net income located in other expense, net.
(2) Amount of after-tax gain reclassified from accumulated other comprehensive income into net income located in revenue: $9.6 million gain; cost of goods sold: $5.0 million loss; selling, general, and administrative expenses: $1.7 million loss; and other income and expense: $0.1 million loss.
Tax related to other comprehensive income, and the components thereto, for the years ended June 30, 2019, June 24, 2018 and June 25, 2017 was not material.
Table:
 | Accumulated Foreign Currency Translation Adjustment | Accumulated Unrealised Gains or Losses on Cash Flow Hedges | Accumulated Unrealized Holding Gain or Loss on Available-For- Sale Investments | Accumulated Unrealized Components of Defined Benefit Plans | Total
 |  |  | (inthousands) |  | 
Balance as of June 24, 2018 | $(32,722) | $(4,042) | $(1,190) | $(19,495) | $(57,449)
Other comprehensive (loss) income before reclassifications | (9,470) | 2,860 | 3,535 | (1,153) | (4,228)
Losses (gains) reclassified from  accumulated other  comprehensive income (loss) to  net income | 2,822 | (2,749) | (199) | — | (126)
Effects of ASU 2018-02 adoption | — | (399) | — | (1,828) | (2,227)
Net current-period other  comprehensive income (loss) | (6,648) | (288) | 3,336 | (2,981) | (6,581)
Balance as of June 30, 2019 | $(39,370) | $(4,330) | $2,146 | $(22,476) | $(64,030)


Question: What is the Amount of after-tax gain reclassified from accumulated other comprehensive income into net income located in revenue?
Answer: $9.6 million gain
28 , 35 , or 90 days . the funds associated with failed auctions will not be accessible until a successful auction occurs or a buyer is found outside of the auction process . based on broker- dealer valuation models and an analysis of other-than-temporary impairment factors , auction rate securities with an original par value of approximately $ 34 million were written-down to an estimated fair value of $ 16 million as of december 31 , 2007 . this write-down resulted in an 201cother-than-temporary 201d impairment charge of approximately $ 8 million ( pre-tax ) included in net income and a temporary impairment charge of $ 10 million ( pre-tax ) reflected as an unrealized loss within other comprehensive income for 2007 . as of december 31 , 2007 , these investments in auction rate securities have been in a loss position for less than six months . these auction rate securities are classified as non-current marketable securities as of december 31 , 2007 as indicated in the preceding table . 3m reviews impairments associated with the above in accordance with emerging issues task force ( eitf ) 03-1 and fsp sfas 115-1 and 124-1 , 201cthe meaning of other-than-temporary-impairment and its application to certain investments , 201d to determine the classification of the impairment as 201ctemporary 201d or 201cother-than-temporary . 201d a temporary impairment charge results in an unrealized loss being recorded in the other comprehensive income component of stockholders 2019 equity . such an unrealized loss does not reduce net income for the applicable accounting period because the loss is not viewed as other-than-temporary . the company believes that a portion of the impairment of its auction rate securities investments is temporary and a portion is other-than-temporary . the factors evaluated to differentiate between temporary and other-than-temporary include the projected future cash flows , credit ratings actions , and assessment of the credit quality of the underlying collateral . the balance at december 31 , 2007 for marketable securities and short-term investments by contractual maturity are shown below . actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties . dec . 31 , ( millions ) 2007 .

Table:
( millions ) | dec . 31 2007
due in one year or less | $ 231
due after one year through three years | 545
due after three years through five years | 221
due after five years | 62
total marketable securities | $ 1059
predetermined intervals , usually every 7 .

Question: what is the percent of the securities due in one year or less to the total balance
Answer: 21.8%
Calculation: divide(231, 1059)
performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2011 to december 31 , 2016. .

Table:
 | 12/11 | 12/12 | 12/13 | 12/14 | 12/15 | 12/16
royal caribbean cruises ltd . | 100.00 | 139.36 | 198.03 | 350.40 | 437.09 | 362.38
s&p 500 | 100.00 | 116.00 | 153.58 | 174.60 | 177.01 | 198.18
dow jones us travel & leisure | 100.00 | 113.33 | 164.87 | 191.85 | 203.17 | 218.56
the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2011 and that all dividends were reinvested .
past performance is not necessarily an indicator of future results. .

Question: what is the percentage increase of the s&p 500 from 2011 to 2016?
Answer: 98.18%
Calculation: subtract(198.18, const_100), divide(#0, const_100), multiply(#1, const_100)
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: How much revenue does the largest 2 sources of revenue streams bring in for Singtel in 2019?
Answer: 11753.8
Calculation: 8,412.9 + 3,340.9