next-tat/TAT-QA huggingface dataset:
SELECTED FINANCIAL DATA: IFRS
€ millions, unless otherwise stated
2019
2018
2017
2016
2015
Income Statement Data: Years ended December 31,
Cloud revenue
6,933
4,993
3,769
2,993
2,286
Software licenses and support revenue
16,080
15,628
15,780
15,431
14,928
Cloud and software revenue
23,012
20,622
19,549
18,424
17,214
Total revenue
27,553
24,708
23,461
22,062
20,793
Operating profit
4,473
5,703
4,877
5,135
4,252
Profit after tax
3,370
4,088
4,046
3,629
3,056
Profit attributable to owners of parent
3,321
4,083
4,008
3,642
3,064
Earnings per share(1)
Basic in €
2.78
3.42
3.35
3.04
2.56
Diluted in €
2.78
3.42
3.35
3.04
2.56
Other Data:
Weighted-average number of shares outstanding
Basic
1,194
1,194
1,197
1,198
1,197
Diluted
1,194
1,194
1,198
1,199
1,198
Statement of Financial Position Data: At December 31,
Cash and cash equivalents
5,314
8,627
4,011
3,702
3,411
Total assets
60,215
51,502
42,484
44,262
41,390
Current financial liabilities(2)
3,273
1,125
1,561
1,813
841
Non-current financial liabilities(2)
12,923
10,553
5,034
6,481
8,681
Issued capital
1,229
1,229
1,229
1,229
1,229
Total equity
30,822
28,877
25,515
26,382
23,295

text: ITEM 3. KEY INFORMATION
text: Selected Financial Data
text: The following table sets forth our selected consolidated financial data as of and for each of the years in the five-year period ended December 31, 2019. The consolidated financial data has been derived from, and should be read in conjunction with, our Consolidated Financial Statements prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS), presented in “Item 18. Financial Statements” of this report.
text: Our selected financial data and our Consolidated Financial Statements are presented in euros, unless otherwise stated.
text: (1) See Note (C.6) to our Consolidated Financial Statements for more information on earnings per share.
text: (2) The balances include primarily bonds, private placements and bank loans. See Note (E.3) to our Consolidated Financial Statements for more information on our financial liabilities.

Questions:
question: Where is more information on earnings per share provided?
answer: Note (C.6) to our Consolidated Financial Statements
question: What do the current and non-current financial liabilities balances include?
answer: primarily bonds, private placements and bank loans.
question: In which years was total equity calculated?
answer: 2019
2018
2017
2016
2015
question: In which year was the Basic earnings per share the largest?
answer: 2018
derivation: 3.42>3.35>3.04>2.78>2.56
question: What was the change in issued capital in 2019 from 2018?
answer: 0
derivation: 1,229-1,229
scale: million
question: What was the percentage change in issued capital in 2019 from 2018?
answer: 0
derivation: (1,229-1,229)/1,229
scale: percent
Year ended 31 December
2019
2018
% of
% of
segment
segment
Amount
revenues
Amount
revenues
(Restated)
(Restated)
(RMB in millions, unless specified)
VAS
94,086
47%
73,961
42%
FinTech and Business Services
73,831
73%
54,598
75%
Online Advertising
34,860
51%
37,273
64%
Others
6,979
92%
4,742
98%
Total cost of revenues
209,756
170,574

text: Cost of revenues. Cost of revenues increased by 23% year-on-year to RMB209.8 billion. The increase primarily reflected greater content costs, costs of FinTech services and channel costs. As a percentage of revenues, cost of revenues increased to 56% for the year ended 31 December 2019 from 55% for the year ended 31 December 2018. The following table sets forth our cost of revenues by line of business for the years ended 31 December 2019 and 2018:
text: Cost of revenues for VAS increased by 27% year-on-year to RMB94,086 million. The increase was mainly due to greater content costs for services and products such as live broadcast services, online games and video streaming subscriptions, as well as channel costs for smart phone games.
text: Cost of revenues for FinTech and Business Services increased by 35% year-on-year to RMB73,831 million. The increase primarily reflected greater costs of payment-related and cloud services due to the enhanced scale of our payment and cloud activities.
text: Cost of revenues for Online Advertising decreased by 6% year-on-year to RMB34,860 million. The decrease was mainly driven by lower content costs for our advertising-funded long form video service resulting from fewer content releases and improved cost efficiency, partly offset by other cost items.

Questions:
question: What was the year-on-year change in cost of revenues for VAS?
answer: 27%
question: What was the year-on-year change in cost of revenues for FinTech and Business Services?
answer: 35%
question: What was the year-on-year change in cost of revenues for Online Advertising?
answer: 6%
question: How much did the total cost of revenues increase by from 2018 to 2019?
answer: 39182
derivation: 209,756-170,574
scale: million
question: How much is the combined 2019 cost of revenues for VAS and Fintech and Business Services?
answer: 167917
derivation: 94,086+73,831
scale: million
question: How much is the combined 2019 cost of revenues for Online Advertising and Others?
answer: 41839
derivation: 34,860+6,979
scale: million
Year Ended December 31,
% Change
2019
2018
2019
(dollars in thousands)
Selling, general and administrative
$88,762
$101,789
(13)%
% of net revenue
28%
26%

text: Selling, General and Administrative
text: Selling, general and administrative expense decreased $13.0 million to $88.8 million for the year ended December 31, 2019, as compared to $101.8 million for the year ended December 31, 2018. The decrease was primarily due to a decrease in intangible asset amortization of $8.9 million as certain assets reached the end of their useful lives, as well as decreases in payroll-related expense of $1.7 million due to lower headcount, professional fees of $1.3 million, outside services of $0.5 million, and travel-related expenses of $0.3 million.
text: We expect selling, general and administrative expenses to remain relatively flat in the near-term; however, our expenses may increase in the future as we expand our sales and marketing organization to enable market expansion.

Questions:
question: Why is the selling, general and administrative expenses expected to increase in the future?
answer: as we expand our sales and marketing organization to enable market expansion.
question: What is the average Selling, general and administrative for the Years Ended December 31, 2019 to 2018?
answer: 95275.5
derivation: (88,762+101,789) / 2
scale: thousand
question: What is the average % of net revenue for the Years Ended December 31, 2019 to 2018?
answer: 27
derivation: (28+26) / 2
scale: percent
question: In which year was Selling, general and administrative less than 100,000 thousands?
answer: 2019
derivation: locate and analyze Selling, general and administrative in row 4
question: What was the respective % of net revenue in 2019 and 2018?
answer: 28%
26%
question: What was the decrease in Selling, general and administrative in 2019?
answer: $13.0 million
Years Ended
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Statutory federal income tax rate
21.0%
21.0%
35.0%
Increase (reduction) in rate resulting from:
Non-U.S. income taxed at different rates
(3.7)
(3.6)
(7.6)
Research and development tax credits
(2.3)
(2.7)
(2.3)
Domestic manufacturing deduction benefit
—
—
(1.3)
Foreign derived intangible income benefit
(3.2)
(3.7)
—
Tax Reform
—
(1.3)
26.8
ISecG divestiture
—
—
3.3
Other
0.7
(0.1)
(1.1)
Effective tax rate
12.5%
9.7%
52.8%

text: The difference between the tax provision at the statutory federal income tax rate and the tax provision as a percentage of income before income taxes (effective tax rate) for each period was as follows:
text: The majority of the increase in our effective tax rate in 2019 compared to 2018 was driven by one-time benefits that occurred in 2018.
text: The majority of the decrease in our effective tax rate in 2018 compared to 2017 resulted from initial tax expense from Tax Reform and the tax impacts from the ISecG divestiture that we had in 2017, but not in 2018. The reduction of the U.S. statutory rate, combined with the net impact of the enactment or repeal of specific tax law provisions through Tax Reform, drove the remaining decrease in our effective tax rate in 2018.
text: We derive the effective tax rate benefit attributed to non-U.S. income taxed at different rates primarily from our operations in China, Hong Kong, Ireland, and Israel. The statutory tax rates in these jurisdictions range from 12.5% to 25.0%. In addition, we are subject to reduced tax rates in China and Israel as long as we conduct certain eligible activities and make certain capital investments. These conditional reduced tax rates expire at various dates through 2026 and we expect to apply for renewals upon expiration.

Questions:
question: What is the effective tax rate in the year 2017, 2018, and 2019 respectively?
answer: 52.8%
9.7%
12.5%
question: What was the major driver for the increase in effective tax rate in 2019 compared to 2018?
answer: One-time benefits that occurred in 2018.
question: What does the table show?
answer: The difference between the tax provision at the statutory federal income tax rate and the tax provision as a percentage of income before income taxes (effective tax rate) for each period
question: What is the percentage change of the effective tax rate from 2018 to 2019?
answer: 28.87
derivation: (12.5 - 9.7) / 9.7 
scale: percent
question: What is the average effective tax rate from 2017 to 2019?
answer: 25
derivation: (52.8 + 9.7 + 12.5) / 3 
scale: percent
question: What is the change of the tax expenses of Tax Reform from 2017 to 2018?
answer: -28.1
derivation: (-1.3)-26.8 
scale: percent
Adjusted earnings per share (£m)
2018/19
2017/18
Change
Trading profit
128.5
123.0
+4.5%
Less: Net regular interest
(40.5)
(44.4)
+8.9%
Adjusted profit before tax
88.0
78.6
+12.1%
Less: Notional tax (19%)
(16.7)
(14.9)
(12.1%)
Adjusted profit after tax6
71.3
63.7
+12.1%
Average shares in issue (millions)
841.5
836.8
+0.6%
Adjusted earnings per share (pence)
8.5
7.6
+11.5%

text: The Group reported a loss before tax of £(42.7)m in the year, compared to a profit before tax of £20.9m in 2017/18. A loss after tax was £(33.8)m, compared to a £7.2m profit in the prior year.
text: Adjusted profit before tax was £88.0m in the year, an increase of £9.4m compared to the prior year due to growth both in Trading profit and lower interest costs as described above. Adjusted profit after tax increased £7.6m to £71.3m in the year after deducting a notional 19.0% tax charge of £16.7m. Based on average shares in issue of 841.5 million shares, adjusted earnings per share in the year was 8.5 pence, growth in the year of +11.5%.

Questions:
question: What was the loss before tax reported in the year?
answer: £(42.7)m
question: What was the adjusted profit before tax in the year?
answer: £88.0m
question: What was the increase in the adjusted profit after tax?
answer: £7.6m
question: What was the average trading profit for 2017/18 and 2018/19?
answer: 125.75
derivation: (128.5 + 123.0) / 2
scale: million
question: What is the change in the adjusted profit before tax from 2017/18 to 2018/19?
answer: 9.4
derivation: 88.0 - 78.6
scale: million
question: What is the average notional tax for 2017/18 and 2018/19?
answer: -15.8
derivation: -(16.7 + 14.9) / 2
scale: million
Weighted-average assumptions used to define the benefit obligations
2019
2018
%
%
Rate of increase in salaries
2.4
2.7
Rate of increase in pensions
2.8
2.9
Rate of price inflation
2.9
3.2
Discount rate
2.1
2.7

text: 7 Employee benefits
text: Pension plans
text: The Company is accounting for pension costs in accordance with International Accounting Standard 19.
text: The disclosures shown here are in respect of the Company’s defined benefit obligations. Other plans operated by the Company were defined contribution plans.
text: The total expense relating to the Company’s defined contribution pension plans in the current year was £0.7m (2018: £0.6m).
text: At 31st December 2019 the post-retirement mortality assumptions in respect of the Company Defined Benefit Scheme follows 85%/96% (male/female) of SAPS S2, CMI 2017 projections with a long term trend of 1.25% p.a. At 31st December 2018 the postretirement mortality assumptions in respect of the Company Defined Benefit Scheme follows 85% of SAPS S2 Light base table for males and 96% of SAPS S2 base table for females with CMI Core Projection Model 2016 improvements commencing in 2007, subject to a 1.25% p.a. long-term trend. These assumptions are regularly reviewed in light of scheme-specific experience and more widely available statistics.
text: The financial assumptions used at 31st December were:
text: The assumptions used by the actuary are the best estimates chosen from a range of possible actuarial assumptions, which due to the timescale covered, may not necessarily be borne out in practice.

Questions:
question: Why are the post-retirement mortality assumptions regularly reviewed?
answer: in light of scheme-specific experience and more widely available statistics
question: What is the Company accounting for pension costs in accordance to?
answer: with International Accounting Standard 19
question: What were the financial assumptions used at 31st December?
answer: Rate of increase in salaries
Rate of increase in pensions
Rate of price inflation
Discount rate
question: In which year was the discount rate larger?
answer: 2018
derivation: 2.7%>2.1%
question: What was the absolute percentage change in the rate of price inflation from 2018 to 2019?
answer: -0.3
derivation: 2.9%-3.2%
scale: percent
question: What was the absolute percentage change in the discount rate from 2018 to 2019?
answer: -0.6
derivation: 2.1%-2.7%
scale: percent
Purchase consideration per share
Aggregate
No. of shares
Highest
Lowest
consideration
Month of purchase in 2019
purchased
price paid
price paid
paid
HKD
HKD
HKD
August
362,200
327.00
312.40
116,330,916
September
2,294,500
351.00
323.60
776,104,729
October
830,000
327.80
317.40
268,272,462
Total:
3,486,700
1,160,708,107

text: During the year ended 31 December 2019, the Company repurchased 3,486,700 shares on the Stock Exchange for an aggregate consideration of approximately HKD1.16 billion before expenses. The repurchased shares were subsequently cancelled. The repurchase was effected by the Board for the enhancement of shareholder value in the long term. Details of the shares repurchased are as follows:
text: Save as disclosed above and in Note 32 to the consolidated financial statements, neither the Company nor any of its subsidiaries has purchased, sold or redeemed any of the Company’s shares during the year ended 31 December 2019.

Questions:
question: How many shares did the Company repurchase during the year ended 31 December 2019?
answer: 3,486,700
question: How much did the Company pay for the repurchased shares? 
answer: HKD1.16 billion
question: How many shares was purchased in August?
answer: 362,200
question: What percentage of total shares purchased is the August share purchase?
answer: 10.39
derivation: 362,200/3,486,700
scale: percent
question: What percentage of total shares purchased is the September share purchase?
answer: 65.81
derivation: 2,294,500/3,486,700
scale: percent
question: What percentage of the total aggregate consideration paid is the August aggregate consideration paid?
answer: 10.02
derivation: 116,330,916/1,160,708,107
scale: percent
2019
2018
2018-2019 Dollar Change
(in millions)
Semiconductor Test
$1,552.6
$1,492.4
$60.2
Industrial Automation
298.1
261.5
36.6
System Test
287.5
216.1
71.4
Wireless Test
157.3
132.0
25.3
Corporate and Other
(0.5)
(1.2)
0.7
$2,295.0
$2,100.8
$194.2

text: Revenues
text: Revenues for our reportable segments were as follows:
text: The increase in Semiconductor Test revenues of $60.2 million, or 4%, from 2018 to 2019 was driven primarily by an increase in semiconductor tester sales for 5G infrastructure and image sensors and higher service revenue, partially offset by a decrease in sales in the automotive and analog test segments.
text: The increase in Industrial Automation revenues of $36.6 million, or 14%, from 2018 to 2019 was primarily due to higher demand for collaborative robots. The MiR acquisition was completed in April 2018.
text: The increase in System Test revenues of $71.4 million, or 33%, from 2018 to 2019 was primarily due to higher sales in Storage Test of 3.5” hard disk drive testers, higher sales in Defense/Aerospace test instrumentation and systems, and higher sales in Production Board Test from higher 5G demand.
text: The increase in Wireless Test revenues of $25.3 million, or 19%, from 2018 to 2019 was primarily due to higher demand for millimeter wave and cellular test products driven by new wireless standards and 5G, partially offset by lower sales in connectivity test products and services.

Questions:
question: What was the change in Industrial Automation revenues?
answer: $36.6 million
question: What was the change in System Test revenues?
answer: $71.4 million
question: What were the reportable segments in the table?
answer: Semiconductor Test
Industrial Automation
System Test
Wireless Test
Corporate and Other
question: In which year was Wireless Test larger?
answer: 2019
derivation: 157.3>132.0
question: What was the average revenue from System Test in 2018 and 2019?
answer: 251.8
derivation: (287.5+216.1)/2
scale: million
question: What was the average total revenue in 2018 and 2019?
answer: 2197.9
derivation: (2,295.0+2,100.8)/2
scale: million
(Dollars in Millions)
April 27, 2019
April 28, 2018
Balance at Beginning of Fiscal Year
$1.4
$1.3
Increases for Positions Related to the Prior Years
1.8
—
Increases for Positions Related to the Current Year
0.9
0.1
Decreases for Positions Related to the Prior Years
—
—
Lapsing of Statutes of Limitations
(1.0)
—
Balance at End of Fiscal Year
$3.1
$1.4

text: Unrecognized Tax Benefits
text: The Company operates in multiple jurisdictions throughout the world and the income tax returns of its subsidiaries in various jurisdictions are subject to periodic examination by the tax authorities. The Company regularly assesses the status of these  examinations and the various outcomes to determine the adequacy of its provision for income taxes. The amount of gross unrecognized tax benefits totaled $3.1 million and $1.4 million at April 27, 2019 and April 28, 2018, respectively. These amounts represent the amount of unrecognized benefits that, if recognized, would favorably impact the effective tax rate if resolved in the Company’s favor.
text: The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:
text: At April 27, 2019, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benefits in the next twelve months.
text: The U.S. federal statute of limitations remains open for fiscal years ended on or after 2016 and for state tax purposes on or after fiscal year 2013. Tax authorities may have the ability to review and adjust net operating losses or tax credits that were generated prior to these fiscal years. In the major foreign jurisdictions, fiscal 2012 and subsequent periods remain open and subject to examination by taxing authorities.
text: The continuing practice of the Company is to recognize interest and penalties related to income tax matters in the provision for income taxes. The Company had $0.1 million accrued for interest and no accrual for penalties at April 27, 2019.

Questions:
question: What was the amount of gross unrecognized tax benefits in 2019 and 2018 respectively?
answer: $3.1 million
$1.4 million
question: What was the accrued interest in 2019?
answer: $0.1 million
question: What was the Balance at Beginning of Fiscal Year in 2019?
answer: 1.4
scale: million
question: What was the change in the Balance at Beginning of Fiscal Year from 2018 to 2019?
answer: 0.1
derivation: 1.4 - 1.3
scale: million
question: What was the average Increases for Positions Related to the Prior Year for 2018 and 2019?
answer: 0.9
derivation: (1.8 + 0) / 2
scale: million
question: In which year was Balance at End of Fiscal Year less than 2.0 million?
answer: 2018
derivation: locate and analyze Balance at End of Fiscal Year in row 8
Fiscal 2018
Purchase Consideration
Net Tangible Assets Acquired (Liabilities Assumed)
Purchased Intangible Assets
Goodwill
Viptela
$497
$(18)
$180
$335
Springpath
248
(11)
160
99
BroadSoft
2,179
353
430
1,396
Accompany
222
6
55
161
Others (four in total)
72
4
42
26
Total
$3,218
$334
$867
$2,017

text: Fiscal 2018 Acquisitions
text: Allocation of the purchase consideration for acquisitions completed in fiscal 2018 is summarized as follows (in millions):
text: On July 31, 2017, we completed our acquisition of privately held Viptela Inc. (“Viptela”), a provider of software-defined wide area networking products. Revenue from the Viptela acquisition has been included in our Infrastructure Platforms product category.
text: On September 22, 2017, we completed our acquisition of privately held Springpath, Inc. (“Springpath”), a hyperconvergence software company. Revenue from the Springpath acquisition has been included in our Infrastructure Platforms product category.
text: On February 1, 2018, we completed our acquisition of publicly held BroadSoft, Inc. (“BroadSoft”), a cloud calling and contact center solutions company. Revenue from the BroadSoft acquisition has been included in our Applications product category.
text: On May 10, 2018, we completed our acquisition of privately held Accompany, a provider of an AI-driven relationship intelligence platform. Results from the Accompany acquisition has been included in our Applications product category.
text: The total purchase consideration related to our acquisitions completed during fiscal 2018 consisted of cash consideration and vested share-based awards assumed. The total cash and cash equivalents acquired from these acquisitions was approximately $187 million.

Questions:
question: What was the amount of Purchased Considerations for BroadSoft?
answer: 2,179
scale: million
question: What was the amount of Purchased Intangible Assets for Springpath?
answer: 160
scale: million
question: What were the companies acquired in 2017?
answer: Viptela Inc. (“Viptela”)
Springpath, Inc. (“Springpath”)
question: What was the difference in Purchase Consideration between Springpath and Broadsoft?
answer: 1931
derivation: 2,179-248
scale: million
question: What was Goodwill from Others companies as a percentage of total Goodwill?
answer: 1.29
derivation: 26/2,017
scale: percent
question: What was the difference in Purchased Intangible Assets between Viptela and Springpath?
answer: 20
derivation: 180-160
scale: million