next-tat/TAT-QA huggingface dataset:
USDm
2019
2018
2017
Reconciliation to net profit/(loss)
Net profit/(loss) for the year
166.0
-34.8
2.4
Tax
0.8
1.6
0.8
Financial expenses
41.9
39.3
40.6
Financial income
-2.8
-3.3
-4.3
Depreciation
110.1
114.5
114.5
Impairment (reversal)/losses on tangible assets
-114.0
3.2
3.6
EBITDA
202.0
120.5
157.6

text: EBITDA: TORM defines EBITDA as earnings before financial income and expenses, depreciation, impairment, amortization and taxes. The computation of EBITDA refers to financial income and expenses which the Company deems to be equivalent to “interest” for purposes of presenting EBITDA. Financial expenses consist of interest on borrowings, losses on foreign exchange transactions and bank charges. Financial income consists of interest income and gains on foreign exchange transactions.
text: EBITDA is used as a supplemental financial measure by Management and external users of financial statements, such as lenders, to assess TORM's operating performance as well as compliance with the financial covenants and restrictions contained in the Company's financing agreements. TORM believes that EBITDA assists Management and investors by increasing comparability of the Company's performance from period to period. This increased comparability is achieved by excluding the potentially disparate effects of interest, depreciation, impairment, amortization and taxes. These are items that could be affected by various changing financing methods and capital structure and which may significantly affect profit/(loss) between periods. Including EBITDA as a measure benefits investors in selecting between investment alternatives.
text: EBITDA excludes some, but not all, items that affect profit/(loss), and these measures may vary among other companies and not be directly comparable. The following table reconciles EBITDA to net profit/ (loss), the most directly comparable IFRS financial measure, for the periods presented:

Questions:
question: How does TORM define EBITDA?
answer: as earnings before financial income and expenses, depreciation, impairment, amortization and taxes.
question: What purpose is the EBITDA used for by Management and external users of financial statements, such as lenders?
answer: EBITDA is used as a supplemental financial measure by Management and external users of financial statements, such as lenders, to assess TORM's operating performance as well as compliance with the financial covenants and restrictions contained in the Company's financing agreements.
question: For which years in the table is the EBITDA reconciled to net profit/(loss)?
answer: 2019
2018
2017
question: In which year was the amount of Financial expenses the largest?
answer: 2019
derivation: 41.9>40.6>39.3
question: What was the change in EBITDA in 2019 from 2018?
answer: 81.5
derivation: 202.0-120.5
scale: million
question: What was the percentage change in EBITDA in 2019 from 2018?
answer: 67.63
derivation: (202.0-120.5)/120.5
scale: percent
Years Ended December 31,
2019
2018
Revenues
ACI On Premise
$579,334
$576,755
ACI On Demand
678,960
433,025
Total revenue
$ 1,258,294
$ 1,009,780
Segment Adjusted EBITDA
ACI On Premise
$321,305
$323,902
ACI On Demand
66,501
12,015
Depreciation and amortization
(122,569 )
(97,350 )
Stock-based compensation expense
(36,763 )
(20,360 )
Corporate and unallocated expenses
(104,718 )
(92,296 )
Interest, net
(52,066 )
(30,388 )
Other, net
520
(3,724 )
Income before income taxes
$ 72,210
$ 91,799
Depreciation and amortization
ACI On Premise
$ 11,992
$ 11,634
ACI On Demand
34,395
31,541
Corporate
76,182
54,175
Total depreciation and amortization
$ 122,569
$ 97,350
Stock-based compensation expense
ACI On Premise
$ 7,651
$ 4,348
ACI On Demand
7,995
4,338
Corporate and other
21,117
11,674
Total stock-based compensation expense
$ 36,763
$ 20,360

text: The following is selected financial data for our reportable segments (in thousands):
text: ACI On Premise Segment Adjusted EBITDA decreased $2.6 million for the year ended December 31, 2019, compared to the same period in 2018, primarily due to a $5.2 million increase in cash operating expense, partially offset by a $2.6 million increase in revenue.
text: ACI On Demand Segment Adjusted EBITDA increased $54.5 million for the year ended December 31, 2019, compared to the same period in 2018, of which $46.4 million was due to the acquisition of Speedpay. Excluding the impact of the acquisition of Speedpay, ACI On Demand Segment Adjusted EBITDA increased $8.1 million, primarily due to a $18.3 million increase in revenue, partially offset by a $10.2 million increase in cash operating expense.

Questions:
question: Why did ACI On Premise Segment Adjusted EBITDA decrease between 2018 and 2019?
answer: due to a $5.2 million increase in cash operating expense, partially offset by a $2.6 million increase in revenue.
question: What was the total revenue in 2018?
answer: $ 1,009,780
scale: thousand
question: What was the total stock-based compensation expense in 2019?
answer: $ 36,763
scale: thousand
question: What was the change in Corporate depreciation and amortization between 2018 and 2019?
answer: 22007
derivation: 76,182-54,175
scale: thousand
question: What was the change in ACI on Premise revenues between 2018 and 2019?
answer: 2579
derivation: $579,334-$576,755
scale: thousand
question: What was the percentage change in segment adjusted EBITDA ACI on Premise between 2018 and 2019?
answer: -0.8
derivation: ($321,305-$323,902)/$323,902
scale: percent
Fiscal Year Ended January 31,
2019
2018
Level 1
Level 2
Level 3
Total
Total
Insurance contracts
$—
$28.0
$—
$28.0
$53.0
Other investments
—
14.5
—
14.5
17.0
Total assets measured at fair value
$—
$42.5
$—
$42.5
70.0
Cash
4.3
0.2
Investment Fund valued using net asset value
34.0
50.9
Total pension plan assets at fair value
$80.8
$121.1

text: Defined Benefit Pension Plan Assets
text: The investments of the plans are managed by insurance companies or third-party investment managers selected by Autodesk's Trustees, consistent with regulations or market practice of the country where the assets are invested. Investments managed by qualified insurance companies or third-party investment managers under standard contracts follow local regulations, and Autodesk is not actively involved in their investment strategies.
text: Defined benefit pension plan assets measured at fair value on a recurring basis consisted of the following investment categories at the end of each period as follows:
text: The insurance contracts in the preceding table represent the immediate cash surrender value of assets managed by qualified insurance companies. Autodesk does not have control over the target allocation or visibility of the investment strategies of those investments. Insurance contracts and investments held by insurance companies made up 35% and 44% of total plan assets as of January 31, 2019 and January 31, 2018, respectively.
text: The assets held in the investment fund in the preceding table are invested in a diversified growth fund actively managed by Russell Investments in association with Aon Hewitt. The objective of the fund is to generate capital appreciation on a longterm basis through a diversified portfolio of investments. The fund aims to deliver equity-like returns in the medium to long term with around two-thirds the volatility of equity markets. The fair value of the assets held in the investment fund are priced monthly at net asset value without restrictions on redemption.

Questions:
question: Who manages Autodesk's pension plans?
answer: The investments of the plans are managed by insurance companies or third-party investment managers selected by Autodesk's Trustees, consistent with regulations or market practice of the country where the assets are invested.
question: Where are the assets in the investment fund in the preceding table held?
answer: The assets held in the investment fund in the preceding table are invested in a diversified growth fund actively managed by Russell Investments in association with Aon Hewitt
question: How are the assets in the investment fund priced?
answer: The fair value of the assets held in the investment fund are priced monthly at net asset value without restrictions on redemption.
question: What is the percentage change in total assets measured at fair value from 2018 to 2019?
answer: -39.29
derivation: ((42.5-70)/70)
scale: percent
question: How much of the total plan assets comprises cash in 2019?
answer: 5.32
derivation: (4.3/80.8)
scale: percent
question: What is the percentage change in insurance contracts between 2018 and 2019?
answer: -47.17
derivation: (28-53)/53 
scale: percent
For the Years Ended December 31,
2019
2018
Compensation and related benefits
$3,247
$949
Professional and legal fees
242
545
Totals 
3,489
$1,494

text: Stock-Based Compensation
text: The Company accounts for options granted to employees by measuring the cost of services received in exchange for the award of equity instruments based upon the fair value of the award on the date of grant. The fair value of that award is then ratably recognized as an expense over the period during which the recipient is required to provide services in exchange for that award.
text: Options and warrants granted to consultants and other non-employees are recorded at fair value as of the grant date and subsequently adjusted to fair value at the end of each reporting period until such options and warrants vest, and the fair value of such instruments, as adjusted, is expensed over the related vesting period.
text: The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. The fair value of the award is measured on the grant date and recognized over the period services are required to be provided in exchange for the award, usually the vesting period. Forfeitures of unvested stock options are recorded when they occur.
text: The Company incurred stock-based compensation charges of $3.5 million and $1.5 million for each of the years ended December 31, 2019 and 2018, respectively, which are included in general and administrative expenses. The following table summarizes the nature of such charges for the periods then ended (in thousands):

Questions:
question: How does the company account for options granted to employees?
answer: by measuring the cost of services received in exchange for the award of equity instruments based upon the fair value of the award on the date of grant.
question: How are options and warrants granted to consultants and other non-employees recorded?
answer: at fair value as of the grant date and subsequently adjusted to fair value at the end of each reporting period until such options and warrants vest, and the fair value of such instruments, as adjusted, is expensed over the related vesting period.
question: What was the Compensation and related benefits in 2019 and 2018 respectively?
answer: $3,247
$949
scale: thousand
question: In which year was Professional and legal fees less than 500 thousands?
answer: 2019
derivation: locate and analyze Professional and legal fees in row 4
question: What is the change in the Compensation and related benefits from 2018 to 2019?
answer: 2298
derivation: 3,247 - 949
scale: thousand
question: What was the average Professional and legal fees for 2018 and 2019?
answer: 393.5
derivation: (242 + 545) / 2
scale: thousand
€ million
30/9/2018
30/9/2019
Corporate tax losses
4,320
4,883
Trade tax losses
3,296
3,679
Interest carry-forwards
57
83
Temporary differences
104
120

text: No deferred tax assets were capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences because realisation of the assets in the short-to-medium term is not expected:
text: The loss carry-forwards as of the closing date predominantly concern the German consolidation group. They can be carried forward without limitation.

Questions:
question: Why were no deferred tax assets capitalised for the following tax loss carry-forwards and interest carry-forwards or temporary differences?
answer: because realisation of the assets in the short-to-medium term is not expected
question: What do the loss carry-forwards as of the closing date predominantly concern?
answer: the German consolidation group. They can be carried forward without limitation.
question: What are the components in the table whereby no deferred tax assets were capitalised?
answer: Corporate tax losses
Trade tax losses
Interest carry-forwards
Temporary differences
question: In which year were the temporary differences larger?
answer: 2019
derivation: 120>104
question: What was the change in interest carry-forwards in FY2019 from FY2018?
answer: 26
derivation: 83-57
scale: million
question: What was the percentage change in interest carry-forwards in FY2019 from FY2018?
answer: 45.61
derivation: (83-57)/57
scale: percent
Location
Purpose
Square footage 
Termination calendar year
Segment
Aurora, IL
Corporate headquarters, office, distribution and manufacturing
83,000
2020
Dublin, OH
Design center
9,465
2019
ISM
Manchester, NH
IBW office
2,287
2020
IBW

text: ITEM 2. PROPERTIES
text: The Company leases the following real property:
text: The Company executed a three-year lease beginning in October 2017 for approximately 83,000 square feet for our Aurora, Illinois headquarters facility.
text: During fiscal year 2019, the Company executed a two-year lease beginning in September 2018 for approximately 2,300 square feet for our Manchester, New Hampshire IBW office space.
text: The Company is currently evaluating a replacement lease for the ISM design center in Ohio.
text: On April 1, 2013, as a result of the Kentrox acquisition, the Company acquired a sixteen acre parcel of land in Dublin, Ohio. The Company sold four acres in April 2015 and is marketing the remaining twelve acres for sale.

Questions:
question: When was the start of the lease of the headquarters facility?
answer: October 2017
question: What is the square footage of the real property in Aurora, IL?
answer: 83,000
question: What is the result of the Kentrox acquisition?
answer: the Company acquired a sixteen acre parcel of land in Dublin, Ohio
question: Which location has the biggest square footage? 
answer: Aurora, IL
derivation: 83,000>9,465>2,287
question: What is the total area, in square feet, of the Company’s real property?
answer: 94752
derivation: 83,000+9,465+2,287 
question: Which location has the earliest termination year of its lease?
answer: Dublin, OH
derivation: 2019<2020
(In thousands)
Network Solutions
Services & Support
Total
Access & Aggregation
$301,801
$57,069
$358,870
Subscriber Solutions & Experience (1)
129,067
5,393
134,460
Traditional & Other Products
27,364
8,583
35,947
Total
$458,232
$71,045
$529,277

text: The following table disaggregates our revenue by major source for the year ended December 31, 2018:
text: (1) Subscriber Solutions & Experience was formerly reported as Customer Devices. With the increasing focus on enhancing the customer experience for both our business and consumer broadband customers and the addition of SmartRG during the fourth quarter of 2018, Subscriber Solutions & Experience more accurately represents this revenue category.

Questions:
question: What does the table show?
answer: disaggregates our revenue by major source for the year ended December 31, 2018
question: What was the revenue from Access & Aggregation for Network Solutions?
answer: $301,801
scale: thousand
question: What was the total revenue from Network Solutions?
answer: $458,232
scale: thousand
question: What was the difference between the total revenue from Network Solutions and Services & Support?
answer: 387187
derivation: $458,232-$71,045
scale: thousand
question: What was the difference between the total revenue from Subscriber Solutions & Experience and Traditional & Other Products?
answer: 98513
derivation: 134,460-35,947
scale: thousand
question: What was the total revenue from traditional & other products as a percentage of total revenue from all sources?
answer: 6.79
derivation: 35,947/$529,277
scale: percent
2019
2018
£m
£m
Adjusted operating profit
282.7
264.9
Depreciation and amortisation (excluding IFRS16 depreciation)
34.3
32.9
Cash payments to pension schemes in excess of charge to P&L
(5.2)
(4.6)
Equity settled share plans
6.2
5.7
Working capital changes
(21.4)
(22.5)
Cash generation
296.6
276.4

text: 2 Alternative performance measures continued
text: Cash generation
text: Cash generation is one of the Group’s key performance indicators used by the Board to monitor the performance of the Group and measure the successful implementation of our strategy. It is one of three financial measures on which Executive Directors’ variable remuneration is based.
text: Cash generation is adjusted operating profit after adding back depreciation and amortisation (excluding IFRS 16 depreciation), less cash payments to pension schemes in excess of the charge to operating profit, equity settled share plans and working capital changes.

Questions:
question: How is cash generation data used by the Board?
answer: key performance indicators used by the Board to monitor the performance of the Group and measure the successful implementation of our strategy. It is one of three financial measures on which Executive Directors’ variable remuneration is based
question: How is cash generation calculated?
answer: adjusted operating profit after adding back depreciation and amortisation (excluding IFRS 16 depreciation), less cash payments to pension schemes in excess of the charge to operating profit, equity settled share plans and working capital changes
question: For which years was the cash generation calculated in?
answer: 2019
2018
question: In which year was the amount of adjusted operating profit larger?
answer: 2019
derivation: 282.7>264.9
question: What was the change in equity settled share plans in 2019 from 2018?
answer: 0.5
derivation: 6.2-5.7
scale: million
question: What was the percentage change in equity settled share plans in 2019 from 2018?
answer: 8.77
derivation: (6.2-5.7)/5.7
scale: percent
Year Ended December 31,
2019
2018
2017
U.S.
$1,979.6
$1,723.9
1,504.5
International
1,008.5
936.2
727.4
$2,988.1
$2,660.1
$2,231.9

text: 18. Geographic Information
text: Revenue by geography is based on the customer's billing address, and was as follows:
text: No individual international country represented more than 10% of total revenue in any period presented.

Questions:
question: How do they determine the geographic location of revenue earned?
answer: based on the customer's billing address
question: Which 2 geographic segments are listed in the table?
answer: U.S.
International
question: What is the U.S. revenue for year ended December 31, 2019 ?
answer: $1,979.6
question: What is the average U.S. revenue for 2018 and 2019?
answer: 1851.75
derivation: (1,979.6+1,723.9)/2
question: What is the average U.S. revenue for 2017 and 2018?
answer: 1614.2
derivation: (1,723.9+1,504.5)/2
question: What is the change in the average U.S. revenue between 2017-2018 and 2018-2019?
answer: 237.55
derivation: [(1,979.6+1,723.9)/2] - [(1,723.9+1,504.5)/2]
December 31, 2019
December 31, 2018
December 31, 2017
Balance at beginning of year
38
333
258
Additions based on tax positions related to the current year
7
43
43
Additions based on acquisitions related to the current year
5
—
—
Additions for tax positions of prior years
1
8
12
Reduction for tax positions of prior years
(1)
(310)
(9)
Settlements
(2)
(18)
(2)
Prepayment / Refund
—
—
—
Reductions due to lapse of statute of limitations
—
—
—
Foreign currency translation
—
(18)
31
Balance at end of year
48
38
333

text: At December 31, 2019 and 2018, $21 million and $20 million, respectively, of unrecognized tax benefits were classified as a reduction of deferred tax assets. The finalisation in the fourth quarter of 2018 of pending tax litigations triggered the reversal of uncertain tax positions in major tax jurisdictions for a total amount of $310 million.
text: It is reasonably possible that certain of the uncertain tax positions disclosed in the table above could increase within the next 12 months due to ongoing tax audits. The Company is not able to make an estimate of the range of the reasonably possible change.
text: Additionally, the Company elected to classify accrued interest and penalties related to uncertain tax positions as components of income tax expense in the consolidated statements of income, they were less than $1 million in 2019, $1 million in 2018, less than $1 million in 2017, $1 million in 2016, $1 million in 2015, $27 million in 2014 and not material in the previous years. Accrued interest and penalties amounted to $6 million at December 31, 2019 and $5 million at December 31, 2018.
text: The tax years that remain open for review in the Company’s major tax jurisdictions, including France, Italy, United States and India, are from 1997 to 2019.

Questions:
question: How much unrecognized tax benefits were classified as a reduction of deferred tax assets as of December 31, 2019 and 2018?
answer: $21 million
$20 million
question: How much was the Accrued interest and penalties as of December 31, 2019?
answer: $6 million
question: How much was the Accrued interest and penalties as of December 31, 2019?
answer: $5 million
question: What is the increase/ (decrease) in Balance at beginning of year from December 31, 2018 to 2019?
answer: -295
derivation: 38-333
scale: million
question: What is the increase/ (decrease) in Balance at end of year from December 31, 2018 to 2019?
answer: 10
derivation: 48-38
scale: million
question: What is the increase/ (decrease) in Settlements from December 31, 2018 to 2019?
answer: -16
derivation: 2-18
scale: million
CONSOLIDATED
2019 $
2018 $
Short-term employee benefits
3,728,367
2,780,820
Post-employment benefits
151,851
184,614
Share-based payments
651,748
320,560
Termination benefits
367,015
841,940
4,898,981
4,127,934

text: Section 5: Our people
text: We are working to attract and retain employees with the skills and passion to best serve our markets. This section provides information about our employee benefits obligations. It also includes details of our employee share plans and compensation paid to key management personnel.
text: 5.1 Key management personnel compensation
text: Key management personnel (KMP) refers to those who have authority and responsibility for planning, directing and controlling the activities of the Group. For a list of key management personnel and additional disclosures, refer to the remuneration report on pages 38 to 53.
text: KMP aggregate compensation
text: During the financial years 2019 and 2018, the aggregate compensation provided to KMP was as follows:
text: Other transactions with our KMP and their related parties
text: During the financial years 2019 and 2018, apart from transactions disclosed in note 7.2 of the financial report, there were no other transactions with our KMP and their related parties.

Questions:
question: What is the short-term employee benefits in 2019?
answer: 3,728,367
question: What is the post-employment benefits in 2018?
answer: 184,614
question: What is the share-based payments in 2019?
answer: 651,748
question: What is the percentage change in short-term employee benefits from 2018 to 2019?
answer: 34.07
derivation: (3,728,367-2,780,820)/2,780,820
scale: percent
question: What is the percentage change in the post-employment benefits from 2018 to 2019?
answer: -17.75
derivation: (151,851-184,614)/184,614
scale: percent
question: What is the percentage change in the termination benefits from 2018 to 2019?
answer: -56.41
derivation: (367,015-841,940)/841,940
scale: percent