next-tat/TAT-QA huggingface dataset:
2019
2018
2019
2018
€m
€m
INRm
INRm
Net exposure
468.9
555.7
5,072.4
6,274.5
Foreign exchange rate
1.1825
1.1126
94.4586
88.3432

text: 27 Financial risk management (continued)
text: The table below summarises the Group’s exposure to foreign exchange risk as well as the foreign exchange rates applied:
text: The approximate impact of a 10 per cent appreciation in foreign exchange rates would be a positive movement of £50.0 million (2018: £63.4 million) to equity attributable to owners of the Group. The approximate impact of a 10 per cent depreciation in foreign exchange rates would be a negative movement of £40.9 million (2018: £51.9 million) to equity attributable to owners of the Group. There is no material income statement impact as these exchange differences are recognised in other comprehensive income.
text: As part of the strategy to mitigate the Group’s exposure to foreign exchange risk, the Group is able to borrow part of its RCF in euros, up to €100 million. The RCF borrowings denominated in euros have been designated as a hedging instrument (net investment hedge) against the Group’s net investment in Spain with the hedged risk being the changes in the euro/pounds sterling spot rate that will result in changes in the value of the Group’s net investments in Spain. At 31 December 2019, €100 million (2018: €100 million) was drawn in euros.

Questions:
question: What is the net exposure to foreign exchange risk (euro) in 2019?
answer: 468.9
scale: million
question: What is the net exposure to foreign exchange risk (indian rupee) in 2018?
answer: 6,274.5
scale: million
question: What is the net exposure to foreign exchange risk (euro) in 2018?
answer: 555.7
scale: million
question: What is the change in the positive movement of money to equity attributable to owners of the Group when there is a 10 per cent appreciation in foreign exchange rates from 2018 to 2019?
answer: -13.4
derivation: 50.0-63.4
scale: million
question: What is the change in the negative movement of money to equity attributable to owners of the Group when there is a 10 per cent depreciation in foreign exchange rates from 2018 to 2019?
answer: -11
derivation: 40.9-51.9
scale: million
question: What is the percentage change in the amount drawn in euros from 2018 to 2019?
answer: 0
derivation: (100-100)/100
scale: percent
Year Ended December 31,
2019
2018
2017
United States
$1,527.0
$1,212.7
$971.2
Foreign
389.4
(58.1)
284.9
Total
$1,916.4
$1,154.6
$1,256.1

text: AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
text: The domestic and foreign components of income from continuing operations before income taxes are as follows:

Questions:
question: What was the income from continuing operations before income taxes from United States in 2019?
answer: $1,527.0
scale: million
question: What was the income from continuing operations before income taxes from Foreign sources in 2018?
answer: (58.1)
scale: million
question: What was the total income from continuing operations before income taxes in 2018?
answer: $1,154.6
scale: million
question: How many years did income from continuing operations before income taxes from the United States exceed $1,000 million?
answer: 2
derivation: 2019##2018
question: How many years did total income from continuing operations before income taxes exceed $1,000 million?
answer: 3
derivation: 2019##2018##2017
question: What was the percentage change in total income from continuing operations before income taxes between 2018 and 2019?
answer: 65.98
derivation: ($1,916.4-$1,154.6)/$1,154.6
scale: percent
December 31,
(in millions, except percentages)
2019
2018
Total ARR
$179.5
$162.6
Year-over-year percentage increase
10%
20%
Subscription ARR
$113.9
$95.9
Year-over-year percentage increase
19%
32%
Perpetual license support ARR
$65.6
$66.7
Year-over-year percentage increase (decrease)
(2)%
6%

text: Annual Recurring Revenue
text: Beginning with the fourth quarter of 2018, we began monitoring a new operating metric, total annual recurring revenue (“Total ARR”), which is defined as the annualized value of all recurring revenue contracts active at the end of a reporting period. Total ARR includes the annualized value of subscriptions (“Subscription ARR”) and the annualized value of software support contracts related to perpetual licenses (“Perpetual license support ARR”) active at the end of a reporting period and does not include revenue reported as perpetual license or professional services in our consolidated statement of operations. We are monitoring these metrics because they align with how our customers are increasingly purchasing our solutions and how we are managing our business. These ARR measures should be viewed independently of revenue, unearned revenue, and customer arrangements with termination rights as ARR is an operating metric and is not intended to be combined with or replace those items. ARR is not an indicator of future revenue and can be impacted by contract start and end dates and renewal rates.
text: ARR metrics as of December 31, 2019 and 2018 were as follows (unaudited):

Questions:
question: When did the company start monitoring total annual recurring revenue? 
answer: Beginning with the fourth quarter of 2018
question: What were the values of subscription ARRs for the years 2019 and 2018 respectively?
answer: $113.9
$95.9
scale: million
question: What were the values of perpetual license support ARRs for the years 2019 and 2018 respectively?
answer: $65.6
$66.7
scale: million
question: What was the average year-over-year percentage increase of total ARRs  from 2018 to 2019?
answer: 15
derivation: (10%+20%)/2
scale: percent
question: How many years did total ARR exceed $162 million?
answer: 2
derivation: 2019##2018
question: What was the percentage change in the perpetual license support ARR from 2018 to 2019?
answer: -1.65
derivation: (65.6-66.7)/66.7
scale: percent
2019
2018
Increase/ (decrease)
% Change
Net revenues by geographic region:
Americas
$3,341
$3,880
$(539)
(14)%
EMEA (1)
2,239
2,618
(379)
(14)
Asia Pacific
909
1,002
(93)
(9)
Consolidated net revenues
$6,489
$7,500
$(1,011)
(13)

text: Net Revenues by Geographic Region
text: The following table details our consolidated net revenues by geographic region (amounts in millions):
text: (1) “EMEA” consists of the Europe, Middle East, and Africa geographic regions
text: Americas
text: The decrease in net revenues in the Americas region for 2019, as compared to 2018, was primarily due to lower revenues recognized from the Destiny franchise (reflecting our sale of the publishing rights for Destiny to Bungie in December 2018).
text: EMEA
text: The decrease in net revenues in the EMEA region for 2019, as compared to 2018, was primarily due to:
text: lower revenues recognized from the Destiny franchise; and lower revenues recognized from Call of Duty: Black Ops 4, which was released in October 2018, as compared to Call of Duty: WWII, which was released in November 2017.
text: Asia Pacific
text: The decrease in net revenues in the Asia Pacific region for 2019, as compared to 2018, was primarily due to:
text: lower revenues recognized from Hearthstone, primarily due to the prior year including additional digital content delivered in connection with the renewal of our contract with NetEase, Inc. in December 2018, with no equivalent transaction for the franchise in 2019; and lower revenues recognized from the Destiny franchise.
text: The decrease was partially offset by:• revenues recognized from Crash Team Racing Nitro-Fueled, which was released in June 2019; • revenues from Sekiro: Shadows Die Twice, which was released in March 2019; and • higher revenues recognized from Call of Duty: Modern Warfare, which was released in October 2019, as compared to Call of Duty: Black Ops 4.

Questions:
question: What does 'EMEA' consist of?
answer: the Europe, Middle East, and Africa geographic regions
question: What was the primary reason for the decrease in net revenues in the Americas region for 2019 compared to 2018?
answer: lower revenues recognized from the Destiny franchise (reflecting our sale of the publishing rights for Destiny to Bungie in December 2018).
question: What was the net revenue from Americas in 2019?
answer: $3,341
scale: million
question: What was the total net revenues in 2019 of Americas and EMEA?
answer: 5580
derivation: ($3,341+2,239)
scale: million
question: What was the total net revenues in 2018 of Americas and EMEA?
answer: 6498
derivation: $3,880+2,618
scale: million
question: What percentage of consolidated net revenue in 2019 consists of net revenue from Americas?
answer: 51.49
derivation: ($3,341/$6,489)
scale: percent
52 weeks ended
30 Mar 2019
31 Mar 2018
Change
£m
£m
%
Store staffing
1,044.7
1,070.6
-2.4
Other store costs
950.4
992.1
-4.2
Distribution & warehousing
564.6
538.0
4.9
Marketing
155.1
151.6
2.3
Central costs
694.8
698.0
-0.5
Total
3,409.6
3,450.3
-1.2

text: UK OPERATING COSTS
text: UK operating costs decreased 1.2%. Store closures more than offset the cost of new space and channel shift. Cost savings across the business outweighed inflation related increases.
text: Store staffing costs reduced, as savings from store management restructuring, closures and other efficiencies more than offset pay inflation. Other store costs reduced driven by lower depreciation, due to our closure programme and as a number of assets have reached the end of their useful life, which more than offset rent and rates inflation in the year.
text: The growth in distribution and warehousing costs was largely driven by inflation and the costs of channel shift, as well as costs associated with the closure of an equipment warehouse, with some offset achieved from improved efficiencies at Castle Donington.
text: The increase in marketing costs reflected investments in our Food brand and the planned increase in costs in the second half of the year due to the timing of campaigns.
text: Central costs reduced as lower incentive costs year-on-year, the benefits of technology transformation programmes and other cost efficiencies more than offset system investment write offs and expenditure on the Fuse programme.

Questions:
question: What is the operating costs of store staffing in 2019 and 2018 respectively?
answer: 1,044.7
1,070.6
scale: million
question: What is the operating costs of Other store costs in 2019 and 2018 respectively?
answer: 950.4
992.1
scale: million
question: What is the operating costs of Distribution & warehousing in 2019 and 2018 respectively?
answer: 564.6
538.0
scale: million
question: Which year had a higher operating costs of store staffing?
answer: 2018
derivation: 1,070.6> 1,044.7
question: What is the change in Marketing costs between 2018 and 2019?
answer: 3.5
derivation: 155.1-151.6
scale: million
question: What is the average marketing costs for 2018 and 2019?
answer: 153.35
derivation: (155.1+ 151.6)/2
scale: million
Strategic objective
Strategic objective weighting
Key performance indicator
Key performance indicator weighting
Score = 50%
Score = 100%
Score = 200%
Growth*,**
60%
Sales volume growth
10%
40,0%
100,0%
140,0%
Absolute gross margin
10%
96,8%
100,0%
103,6%
PBIT
40%
98,6%
100,0%
103,6%
Efficiency*,**
10%
Cost savings initiatives
5%
98,6%
100,0%
123,4%
Net working capital
5%
101,2%
100,0%
97,7%
Reduction in execution-related marketplace incidents year-on-year by
People and sustainability*
30%
Quality
10%
10%
15%
20%
Safety (LTIFR)
10%
120,0%
100,0%
80,0%
BBBEE score
10%
Level 7 (60 to 61)
Level 7 (61.1 to 65)
Level 6

text: Group and business unit performance factors
text: The underlying values and weightings for each KPI are set and approved by the remuneration committee in advance of each year to determine parameters for the STI in the form of a balanced scorecard. Below is the group STI scorecard for FY19 that applied to the CEO, CFO, executive directors, prescribed officers and other participants:
text: * The actual targets have not been provided as they are linked to budget and considered commercially sensitive information.
text: ** For the key performance indicators within the growth and efficiency strategic objectives, the targeted percentages for “threshold”, “on-target” and
“stretch” as set out above per key performance indicator represent the targeted percentage achievement of the underlying budgeted amounts.

Questions:
question: Which strategic objective has the highest weightage?
answer: Growth
question: Some strategy has a '*', what does this strategy relate to?
answer: budget
question: How much does net working capital account for in Efficiency? 
answer: 50
derivation: 5%/10%
scale: percent
question: Which key performance indicator accounts for two thirds in Growth?
answer: PBIT
derivation: 40%/60%
question: Why haven't the actual targets been provided?
answer: As they are linked to budget and considered commercially sensitive information
question: To whom did the group STI scorecard for FY19 apply?
answer: the CEO, CFO, executive directors, prescribed officers and other participants
question: How many key performance indicators that have the same weightage of 10%?
answer: 5
derivation: Sales volume growth##Absolute gross margin##Quality##Safety (LTIFR)##BBBEE score
Fiscal Year
Fiscal Year
2019
2018
Audit fees
$55,000
$54,550
Audit-related fees
$-
$-
Tax Fees
$-
$-
All other fees
-
$-
Total
55,000
$54,550

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

Questions:
question: What are the tax fees for the fiscal year ended December 2018?
answer: There were no tax fees
question: What are the tax fees for the fiscal year ended December 2019?
answer: There were no tax fees
question: What does audit-related fees refer to?
answer: Assurance and other activities not explicitly related to the audit of our financial statements
question: What is the percentage change in audit fees between 2018 and 2019?
answer: 0.82
derivation: (55,000 - 54,550)/54,550 
scale: percent
question: What is the change in audit fees between 2018 and 2019?
answer: 450
derivation: 55,000 - 54,550 
question: Which year has the higher audit fees?
answer: 2019
derivation: Obtained from the table
2019
2018
Number
€m
Number
€m
Ordinary shares of 2020⁄21 US cents each allotted, issued and fully paid:1, 2
1 April
28,814,803,308
4,796
28,814,142,848
4,796
Allotted during the year3
454,870
–
660,460
–
31 March
28,815,258,178
4,796
28,814,803,308
4,796

text: 17. Called up share capital
text: Called up share capital is the number of shares in issue at their par value. A number of shares were allotted during the year in relation to employee share schemes.
text: Accounting policies
text: Equity instruments issued by the Group are recorded at the amount of the proceeds received, net of direct issuance costs.
text: Notes: 1 At 31 March 2019 the Group held 1,584,882,610 (2018: 2,139,038,029) treasury shares with a nominal value of €264 million (2018: €356 million). The market value of shares held was €2,566 million (2018: €4,738 million). During the year, 45,657,750 (2018: 53,026,317) treasury shares were reissued under Group share schemes. On 25 August 2017, 729,077,001 treasury shares were issued in settlement of tranche 1 of a maturing subordinated mandatory convertible bond issued on 19 February 2016. On 25 February 2019, 799,067,749 treasury shares were issued in settlement of tranche 2 of the maturing subordinated mandatory convertible bond.
text: 2 On 5 March 2019 the Group announced the placing of subordinated mandatory convertible bonds totalling £1.72 billion with a 2 year maturity date in 2021 and £1.72 billion with a 3 year maturity date due in 2022. The bonds are convertible into a total of 2,547,204,739 ordinary shares with a conversion price of £1.3505 per share.
text: 3 Represents US share awards and option scheme awards.

Questions:
question: Which financial years' information is shown in the table?
answer: 2018
2019
question: What is called up share capital?
answer: number of shares in issue at their par value
question: How many ordinary shares were allotted during 2019?
answer: 454,870
question: Between 2018 and 2019, which year had more ordinary shares allotted?
answer: 2018
derivation: 660,460>454,870
question: Between 2018 and 2019, which year had more ordinary shares as at 1 April?
answer: 2019
derivation: 28,814,803,308>28,814,142,848
question: What is the average number of ordinary shares as at 31 March for 2018 and 2019?
answer: 28815030743
derivation: (28,815,258,178+28,814,803,308)/2
` crore
FY 2019
% of Revenue
% Growth
FY 2018
% of Revenue
Revenue
146,463
100.0
19.0
123,104
100.0
Earnings before interest, tax, depreciation and amortization (before other income)
39,506
27.0
21.5
32,516
26.4
Profit Before Tax (PBT)
41,563
28.4
21.9
34,092
27.7
Profit after tax attributable to shareholders of the Company
31,472
21.5
21.9
25,826
21.0
Earnings per share (in `)
83.05
-
23.8
67.10*
-

text: 5.0 FY 2019 Financial Performance and Analysis
text: The discussions in this section relate to the consolidated, Rupee-denominated financial results pertaining to the year that ended March 31, 2019. The financial statements of Tata Consultancy Services Limited and its subsidiaries (collectively referred to as ‘TCS’ or ‘the Company’) are prepared in accordance with the Indian Accounting Standards (referred to as ‘Ind AS’) prescribed under section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, as amended from time to time. Significant accounting policies used in the preparation of the financial statements are disclosed in the notes to the consolidated financial statements.
text: The following table gives an overview of the consolidated financial results of the Company:
text: * EPS is adjusted for bonus issue

Questions:
question: Which accounting standards are the company's financial statements based on?
answer: Indian Accounting Standards
question: What is the percentage growth in revenue from FY 2018 to FY 2019?
answer: 19.0
scale: percent
question: What is the Earnings per share in FY 2019?
answer: 83.05
question: What is the change in earnings per share between 2018 and 2019?
answer: 15.95
derivation: 83.05-67.10
question: What is the change in revenue between 2018 and 2019?
answer: 23359
derivation: 146,463-123,104
question: What is the average earnings per share for 2018 and 2019?
answer: 75.07
derivation: (83.05+ 67.10)/2
2019
2018
Income tax expense, as reported (GAAP)
$17.3
$94.6
Accumulated foreign earnings assertion 
10.5
—
U.S. Tax Reform
(7.0)
(85.9)
Impact of other special tax items
0.2
(1.1)
Impact of valuation allowance release 
—
3.6
Impact of one-time employee bonus
—
0.3
Income tax expense, as adjusted (non-GAAP) (1)
$21.0
$11.5

text: Income taxes. Income tax expense and effective annual income tax rates for fiscal 2019 and 2018, as well as information as to the effects of the U.S. Tax Reform in fiscal 2018, were as follows (dollars in millions):
text: (1) We believe the non-GAAP presentation of income tax expense and the effective annual tax rate excluding special tax items, the one-time employee bonus and restructuring charges provides additional insight over the change from the comparative reporting periods by isolating the impact of these significant, special items. In addition, the Company believes that its income tax expense, as adjusted, and effective tax rate, as adjusted, enhance the ability of investors to analyze the Company’s operating performance and supplement, but do not replace, its income tax expense and effective tax rate calculated in accordance with U.S. GAAP.
text: Income tax expense for fiscal 2019 was $17.3 million compared to $94.6 million for fiscal 2018. The decrease is primarily due to the $85.9 million impact of Tax
Reform that was recorded in fiscal 2018, which was partially offset by an increase in tax expense due to the global intangible low-taxed income provisions
("GILTI") of Tax Reform in fiscal 2019. Income tax expense also decreased by $10.5 million in fiscal 2019 as the Company reasserted that certain historical
undistributed earnings of two foreign subsidiaries will be permanently reinvested based on the expected working capital requirements of these two foreign
subsidiaries.
text: The $94.6 million of income tax expense recorded during fiscal 2018 included $85.9 million related to the enactment of Tax Reform. Included in the fiscal 2018 income tax expense was a $3.6 million benefit for the valuation allowance released against the net deferred tax assets in the U.S. as the Company is subject to GILTI.

Questions:
question: Which years does the table provide information for Income tax expense?
answer: 2019
2018
question: What was the amount of U.S. Tax Reform in 2018?
answer: (85.9)
scale: million
question: What was the Impact of one-time employee bonus in 2018?
answer: 0.3
scale: million
question: How many years did Income tax expense, as reported (GAAP) exceed $50 million?
answer: 1
derivation: 2018
question: What was the change in the Impact of other special tax items between 2018 and 2019?
answer: 1.3
derivation: 0.2-(-1.1)
scale: million
question: What was the percentage change in the Income tax expense, as adjusted (non-GAAP) between 2018 and 2019?
answer: 82.61
derivation: (21.0-11.5)/11.5
scale: percent