next-tat/TAT-QA huggingface dataset:
Useful life (in years)
December 31, 2019
December 31, 2018
Equipment
1-3
$22,702
$49,804
Software
1-3
726
4,088
Furniture and fixtures
1-3
459
967
Leasehold improvements
2-8
5,440
3,832
Construction in progress
--
160
Property and equipment, gross
29,327
58,581
Less: accumulated depreciation
(21,671)
(51,589)
Property and equipment, net
$7,656
$7,262

text: Property and Equipment, Net
text: Property and equipment, net, consisted of the following (in thousands):
text: Depreciation expense on property and equipment was $5.0 million, $6.4 million and $7.1 million for the years
ended December 31, 2019, 2018 and 2017, respectively

Questions:
question: What is the depreciation expense on property and equipment as at December 31, 2017? 
answer: $7.1
scale: million
question: What is the depreciation expense on property and equipment as at December 31, 2018?
answer: $6.4
scale: million
question: What is the depreciation expense on property and equipment as at December 31, 2019?
answer: $5.0
scale: million
question: What is the ratio of net property and equipment in 2019?
answer: 60.49
derivation: 7,656 thousand /(7,656 thousand + $5 million) 
scale: percent
question: What is the total depreciation expense on property and equipment from 2017 to 2019?
answer: 18.5
derivation: 5.0+6.4+7.1
scale: million
question: What is the total software value as at December 31, 2018 and 2019?
answer: 4814
derivation: 726 + 4,088 
scale: thousand
USDm
Vessels and capitalized dry-docking
Land and buildings
Other plant and operating equipment
Cost:
Balance as of 1 January
43.3
-
-
Adjustment on transition to IFRS 16
-
9.9
0.3
Additions
1.8
0.5
0.4
Disposals
-2.7
-
-0.1
Balance as of 31 December
42.4
10.4
0.6
Depreciation:
Balance as of 1 January
13.4
-
-
Disposals
-2.7
-
-
Depreciation for the year
4.8
2.3
0.2
Balance as of 31 December
15.5
2.3
0.2
Carrying amount as of 31 December
26.9
8.1
0.4

text: NOTE 7 – LEASING
text: TORM has leases for the office buildings, some vehicles and other administrative equipment. With the exception of short-term leases and leases of low-value assets, each lease is reflected on the balance sheet as a right-of-use asset with a corresponding lease liability. The right-of-use assets are included in the financial statement line item in which the corresponding underlying assets would be presented if they were owned. Please refer to note 6.
text: As of 31 December 2019, TORM had recognized the following right-of-use assets:

Questions:
question: What does TORM have leases for?
answer: the office buildings, some vehicles and other administrative equipment.
question: How is each lease reflected on the balance sheet?
answer: as a right-of-use asset with a corresponding lease liability. The right-of-use assets are included in the financial statement line item in which the corresponding underlying assets would be presented if they were owned.
question: What are the types of right-of-use assets considered in the table?
answer: Vessels and capitalized dry-docking
Land and buildings
Other plant and operating equipment
question: Which asset type has the largest depreciation of the year?
answer: Vessels and capitalized dry-docking
derivation: 4.8>2.3>0.2
question: What was the change in the depreciation balance as of 31 December from 1 January in 2019 for vessels and capitalized dry-docking?
answer: 2.1
derivation: 15.5-13.4
scale: million
question: What was the percentage change in the depreciation balance as of 31 December from 1 January in 2019 for vessels and capitalized dry-docking?
answer: 15.67
derivation: (15.5-13.4)/13.4
scale: percent
2019
2018
Deferred Tax Assets:
Net operating loss carry forwards
$20,772,428
$20,342,559
Intangibles
207,618
318,178
Credits
28,022
112,086
Other
506,349
613,202
Total deferred tax assets
21,514,417
21,386,025
Deferred Tax Liabilities:
Intangibles
–
–
Total deferred tax liabilities
–
–
Valuation allowance
(21,486,396)
(21,386,025)
Net deferred tax asset
$28,021
$–

text: NOTE L – INCOME TAXES
text: On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to, the following that impact the Company: (1) reducing the U.S. federal corporate income tax rate from 35 percent to 21 percent; (2) eliminating the corporate alternative minimum tax; (3) creating a new limitation on deductible interest expense; (4) limiting the deductibility of certain executive compensation; and (5) limiting certain other deductions.
text: The Company follows ASC 740-10 “Income Taxes” which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
text: Deferred income taxes include the net tax effects of net operating loss (NOL) carry forwards and the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets are as follows:

Questions:
question: When did the U.S. government enact the "Tax Act" ?
answer: December 22, 2017
question: How are deferred tax liabilities and assets determined under ASC 740-10?
answer: determined based on the difference between financial statements and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse
question: What do the income taxes include?
answer: net tax effects of net operating loss (NOL) carry forwards and the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes
question: What is the percentage change in the net operating loss carry forwards from 2018 to 2019?
answer: 2.11
derivation: (20,772,428-20,342,559)/20,342,559
scale: percent
question: What is the percentage change in the total deferred tax assets from 2018 to 2019?
answer: 0.6
derivation: (21,514,417-21,386,025)/21,386,025
scale: percent
question: Which year has the higher amount of intangibles (deferred tax assets)?
answer: 2018
derivation: compare the value of the intangibles (deferred tax assets) between the two years
Financial Year ended 31 March
Group
2019
2018
Gross debt (S$ million)
10,396
10,402
Net debt (1) (S$ million)
9,883
9,877
Net debt gearing ratio (2) (%)
24.9
24.9
Net debt to EBITDA and share of associates’ pre-tax proﬁts (number of times)
1.6
1.3
Interest cover (3) (number of times)
16.2
20.1

text: Management Discussion and Analysis
text: Capital Management and Dividend Policy
text: Notes: (1) Net debt is defined as gross debt less cash and bank balances adjusted for related hedging balances.
text: (2) Net debt gearing ratio is defined as the ratio of net debt to net capitalisation. Net capitalisation is the aggregate of net debt, shareholders’ funds and non-controlling interests.
text: (3) Interest cover refers to the ratio of EBITDA and share of associates’ pre-tax profits to net interest expense.
text: As at 31 March 2019, the Group’s net debt was S$9.9 billion, stable from a year ago. 

As at 31 March 2019, the Group’s net debt was S$9.9 billion, stable from a year ago.
text: The Group has one of the strongest credit ratings among telecommunication companies in the Asia Pacific region. Singtel is currently rated A1 by Moody’s and A+ by S&P Global Ratings. The Group continues to maintain a healthy capital structure. 

The Group has one of the strongest credit ratings among telecommunication companies in the Asia Pacific region. Singtel is currently rated A1 by Moody’s and A+ by S&P Global Ratings. The Group continues to maintain a healthy capital structure.
text: For the financial year ended 31 March 2019, the total ordinary dividend payout, including the proposed final dividend, was 17.5 cents per share or 101% of the Group’s underlying net profit and 88% of the Group’s free cash flow (after interest and tax payments). 

For the financial year ended 31 March 2019, the total ordinary dividend payout, including the proposed final dividend, was 17.5 cents per share or 101% of the Group’s underlying net profit and 88% of the Group’s free cash flow (after interest and tax payments).
text: Singtel is committed to delivering dividends that increase over time with growth in underlying earnings, while maintaining an optimal capital structure and investment grade credit ratings. Barring unforeseen circumstances, it expects to maintain its ordinary dividends at 17.5 cents per share for the next financial year ending 31 March 2020.

Questions:
question: What was the total ordinary dividend payout per share?
answer: 17.5 cents per share
question: What is Singtel's credit rating given by Moody's?
answer: A1
question: What is Singtel's credit rating given by S&P Global Ratings?
answer: A+
question: Which year did Singtel have a higher interest cover?
answer: 2018
derivation: 20.1 > 16.2
question: What is the average gross debt across the 2 years?
answer: 10399
derivation: ( 10,396 + 10,402 ) / 2
scale: million
question: How many factors need to be considered when calculating net capitalisation?
answer: 3
derivation: net debt##shareholders’ funds##non-controlling interests
2019
2018
(in millions)
Semiconductor Test
$543.2
$367.5
System Test
206.0
149.5
Wireless Test
42.9
32.0
Industrial Automation
17.9
19.7
$810.0
$568.7

text: Backlog
text: At December 31, 2019 and 2018, our backlog of unfilled orders in our four reportable segments was as follows:
text: Customers may delay delivery of products or cancel orders suddenly and without advanced notice, subject to possible cancellation penalties. Due to possible customer changes in delivery schedules and cancellation of orders, our backlog at any particular date is not necessarily indicative of the actual sales for any succeeding period. Delays in delivery schedules or cancellations of backlog during any particular period could have a material adverse effect on our business, financial condition or results of operations.

Questions:
question: What can delays in delivery schedules or cancellations of backlog result in?
answer: could have a material adverse effect on our business, financial condition or results of operations
question: What are the reportable segments in the table?
answer: Semiconductor Test
System Test
Wireless Test
Industrial Automation
question: In which years was the backlog of unfilled orders provided?
answer: 2019
2018
question: In which year was Industrial Automation larger?
answer: 2018
derivation: 19.7>17.9
question: What was the change in Wireless Test in 2019 from 2018?
answer: 10.9
derivation: 42.9-32.0
scale: million
question: What was the percentage change in Wireless Test in 2019 from 2018?
answer: 34.06
derivation: (42.9-32.0)/32.0
scale: percent
September 2019
September 2018
Trademarks and tradenames (Retail Segment)
$500,000
$3,373,269
ustomer relationships (Wholesale Segment) (less accumulated amortization of approximately $2.1 million at both September 2019 and September 2018)
—
41,667
$  500,000
$3,414,936

text: Other intangible assets at fiscal year ends 2019 and 2018 consisted of the following:
text: Goodwill, trademarks and tradenames are considered to have indefinite useful lives and therefore no amortization has been taken on these assets. The Company’s retail reporting unit recorded intangible asset (trademarks and tradenames) impairment charges of approximately $2.9 million during fiscal 2019 and goodwill impairment charges of approximately $1.9 million during fiscal 2018 when it was determined that the carrying values of these assets exceeded their fair values. These impairment charges arose from a range of considerations including, but not limited to, heightened competition in the industry, retail sector market conditions, and earning shortfalls which impacted the Company’s projections of future cash flows to be generated. These impairment charges were recorded in the Company’s consolidated statement of operations as a component of operating income.
text: Goodwill recorded on the Company’s consolidated balance sheet represents amounts allocated to its wholesale reporting unit which totaled $4.4 million at both September 2019 and September 2018. The Company determined that the estimated fair value of its wholesale reporting unit exceeded its carrying value at both September 2019 and September 2018.

Questions:
question: What does goodwill recorded on the Company’s consolidated balance sheet represent?
answer: represents amounts allocated to its wholesale reporting unit
question: What are the respective intangible asset impairment charges during fiscal 2018 and 2019?
answer: $1.9 million
$2.9 million
question: What are the respective trademarks and tradenames at the end of fiscal year 2018 and 2019?
answer: $3,373,269
$500,000
question: What is the percentage change in the value of the company's trademarks and tradenames between 2018 and 2019?
answer: -85.18
derivation: (500,000 - 3,373,269)/3,373,269 
scale: percent
question: What is the percentage change in the value of company's customer relationships between 2018 and 2019?
answer: -100
derivation: (0 - 41,667)/41,667 
scale: percent
question: What is the value of the company's trademarks and tradenames as a percentage of its total intangible assets in 2018?
answer: 98.78
derivation: 3,373,269/3,414,936 
scale: percent
June 30, 2019
June 30, 2018
Receivables, net
$310,080
$297,271
Contract Assets- Current
21,446
14,063
Contract Assets- Non-current
50,640
35,630
Contract Liabilities (Deferred Revenue)- Current
339,752
328,931
Contract Liabilities (Deferred Revenue)- Non-current
54,554
40,984

text: Contract Balances
text: The following table provides information about contract assets and contract liabilities from contracts with customers.
text: Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the customer, but where invoicing is delayed until the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the consolidated balance sheet, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from customers in advance of delivery of the related goods and services to the customer. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.
text: The Company analyzes contract language to identify if a significant financing component does exist, and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction.
text: During the fiscal years ended June 30, 2019, 2018, and 2017, the Company recognized revenue of $265,946, $269,593, and $264,517, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.
text: Revenue recognized that related to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price adjustments and re-allocations due to changes in estimates of variable consideration.

Questions:
question: What information does the table show?
answer: information about contract assets and contract liabilities from contracts with customers
question: What is the net receivables as at June 30, 2019?
answer: $310,080
question: What is the current contract assets as at June 30, 2019?
answer: 21,446
question: Between June 30, 2019 and June 30, 2018, which year end had higher net receivables?
answer: 2019
derivation: $310,080>$297,271
question: Is current or non-current contract assets as at June 30, 2019 higher?
answer: Contract Assets- Non-current
derivation: 50,640>21,446
question: What is the average net receivables for 2018 and 2019?
answer: 303675.5
derivation: (310,080+297,271)/2
September 30,   
September 30,    
2019
2018
(in millions)   
Total backlog    
Cubic Transportation Systems
$  2,953.3
$  3,544.9
Cubic Mission Solutions
103.7
77.0
Cubic Global Defense
344.0
442.6
Total  
$  3,401.0
$  4,064.5

text: Backlog
text: As reflected in the table above, total backlog decreased $663.5 million from September 30, 2018 to September 30, 2019. The decrease in backlog is primarily due to progression of work in 2019 on four large contracts awarded to CTS in fiscal 2018. In addition, we recorded a net decrease to backlog of $104.5 million on October 1, 2018 for the impact of the adoption of ASC 606. Changes in exchange rates between the prevailing currency in our foreign operations and the U.S. dollar as of September 30, 2019 decreased backlog by $79.7 million compared to September 30, 2018.

Questions:
question: What is the change in total backlog in 2019?
answer: decreased $663.5 million
question: What led to the decrease in backlog?
answer: primarily due to progression of work in 2019 on four large contracts awarded to CTS in fiscal 2018
impact of the adoption of ASC 606
question: What are the segments under Total Backlog in the table?
answer: Cubic Transportation Systems
Cubic Mission Solutions
Cubic Global Defense
question: How many segments are there under Total Backlog?
answer: 3
derivation: Cubic Transportation Systems##Cubic Mission Solutions##Cubic Global Defense
question: What is the change in the backlog for Cubic Mission Solutions in 2019?
answer: 26.7
derivation: 103.7-77
scale: million
question: What is the percentage change in the backlog for Cubic Mission Solutions in 2019?
answer: 34.68
derivation: (103.7-77)/77
scale: percent
North America
SalesMix
2019
2018
%Change
Hardware
$3,957,507
$3,610,356
10%
Software
1,269,983
1,112,715
14%
Services
796,815
639,910
25%
$6,024,305
$5,362,981
12%

text: Our net sales by offering category for North America for 2019 and 2018, were as follows (dollars
in thousands):
text: Net sales in North America increased 12%, or $661.3 million, in 2019 compared to 2018. This increase reflects the addition of PCM, which reported $716.1 million in net sales in 2019, partially offset by a decline in net sales of the core business of $51.3 million. Net sales of hardware, software and services increased 10%, 14% and 25%, respectively, year over year.

Questions:
question: How much did the Net sales in North America increased in 2019 compared to 2018?
answer: $661.3 million
question: What is the net sales of software in 2019 and 2018 respectively?
answer: 1,269,983
1,112,715
scale: thousand
question: What is the net sales of hardware in 2019 and 2018 respectively?
answer: $3,957,507
$3,610,356
scale: thousand
question: What is the change in Sales Mix of Hardware betweeen 2018 and 2019?
answer: 347151
derivation: 3,957,507-3,610,356
scale: thousand
question: What is the change in Sales Mix of Software between 2018 and 2019?
answer: 157268
derivation: 1,269,983-1,112,715
scale: thousand
question: What is the average Sales Mix of Hardware for 2018 and 2019?
answer: 3783931.5
derivation: (3,957,507+3,610,356) / 2
scale: thousand
January 3, 2020
December 28, 2018
(in millions)
Operating lease liabilities
$115
$—
Accrued vacation and bonuses
54
48
Reserves
46
57
Deferred compensation
26
25
Credits and net operating losses carryovers
25
31
Vesting stock awards
18
20
Accumulated other comprehensive loss
12
—
Deferred rent and tenant allowances
4
18
Investments
2
18
Deferred gain
—
20
Other
9
13
Total deferred tax assets
311
250
Valuation allowance
(20)
(28)
Deferred tax assets, net of valuation allowance
291
222
Purchased intangible assets
$(339)
$(326)
Operating lease right-of-use assets
(103)
—
Deferred revenue
(17)
(40)
Employee benefit contributions
(6)
(4)
Accumulated other comprehensive income
—
(6)
Partnership interest
—
(2)
Other
(10)
(14)
Total deferred tax liabilities
(475)
(392)
Net deferred tax liabilities
$(184)
$(170)

text: Deferred income taxes are recorded for differences in the basis of assets and liabilities for financial reporting purposes and tax reporting purposes. Deferred tax assets (liabilities) were comprised of the following:
text: At January 3, 2020, the Company had state net operating losses of $77 million and state tax credits of $7 million. Both will begin to expire in fiscal 2020; however, the Company expects to utilize $24 million and $7 million of these state net operating losses and state tax credits, respectively. The Company also had foreign net operating losses of $44 million, which do not expire. The Company expects to utilize $9 million of these foreign net operating losses.
text: Our valuation allowance for deferred tax assets was $20 million and $28 million as of January 3, 2020 and December 28, 2018, respectively. The valuation allowance decreased by $8 million primarily due to the sale of the commercial cybersecurity business and releases related to the expected utilization of certain carryover attributes, partially offset by an increase related to foreign withholding taxes.

Questions:
question: What were the state net operating losses in 2020?
answer: $77 million
question: What was the valuation allowance for deferred tax assets in 2020 and 2018 respectively?
answer: $20 million
$28 million
question: What was the Operating lease liabilities in 2020?
answer: $115
scale: million
question: In which period was Operating lease liabilities less than 100 million?
answer: 2018
derivation: Locate and analyze operating lease liability in row 3
question: What is the change in the Accrued vacation and bonuses from 2018 to 2020?
answer: 6
derivation: 54 - 48
scale: million
question: What is the change in the Reserves from 2018 to 2020?
answer: -11
derivation: 46 - 57
scale: million