next-tat/TAT-QA huggingface dataset:
Gavin Darby
Alastair Murray
2018/19
2017/18
2018/19
2017/18
£’000
£’000
£’000
£’000
Salary
583
700
416
408
Salary supplement
–
–
40
–
Taxable benefits
17
22
27
24
Pension
117
140
36
35
Annual Bonus
525
368
232
153
Share based awards
–
–
–
–
Total
1,242
1,230
751
620

text: Single figure table for total remuneration (audited)
text: Single figure for the total remuneration received by each executive director for the 52 weeks ended 30 March 2019 (2018/19) and 31 March 2018 (2017/18).
text: Gavin Darby
text: Mr Darby received a basic salary of £700,000 per annum and a salary supplement in lieu of pension of 20% of base salary on a pro rata basis for the period up to 31 January 2019. Mr Darby received a pro rata bonus of £525,500 for the financial period to 31 January 2019. Benefits were provided for the period up to 31 January 2019 relating to the provision of an executive driver service, private health insurance and annual medical assessment.
text: Alastair Murray
text: Mr Murray received a basic salary for the period of £416,201 per annum and an annualised supplement in lieu of pension of 7.5% of the Earnings Cap (£160,800 for the 2018/19 tax year) which equates to £12,060 for the period together with an additional RPI adjusted pensions supplement of £24,348. He was appointed Acting CEO on 1 February 2019, in addition to his current role of Chief Financial Officer, on a temporary basis whilst the Board conducts a search process for a new CEO.
text: In recognition of this significant additional responsibility, it was agreed that Mr Murray would receive a monthly salary supplement of £20,000 (which does not count towards pension, annual bonus or long-term incentives) whilst he carries out this role.
text: Mr Murray received a bonus of £231,615 for the financial period. Benefits related to the provision of a company car, use of an executive driver service (following his appointment as Acting CEO) and private health insurance. In line with the current Remuneration Policy, one-third of his annual bonus award will be in the form of shares deferred for three years.
text: Full details of the annual bonus performance assessments for Mr Darby and Mr Murray are set out on pages 53 to 55.

Questions:
question: What was the basic salary per annum of Mr Darby in 2017/18?
answer: £700,000
question: What was the basic salary of Mr Murray in 2018/19?
answer: £416,201
question: What was the basic salary per annum of Mr Darby in 2018/19?
answer: 583
scale: thousand
question: What was the change in the salary of Gavin Darby from 2017/18 to 2018/19?
answer: -117
derivation: 583 - 700
scale: thousand
question: What is the average salary of Alastair Murray in 2017/18 and 2018/19?
answer: 412
derivation: (416 + 408) / 2
scale: thousand
question: What was the average taxable benefits for Gavin Darby for 2017/18 and 2018/19?
answer: 19.5
derivation: (17 + 22) / 2
scale: thousand
As of June 30, 2019
As of July 1, 2018
Short-term contract assets
$20,956
$5,474
Long-term contract assets
$15,386
$12,382
Short-term deferred revenue
$641,656
$618,197
Long-term deferred revenue
$46,974
$64,743

text: Contract Balances
text: A contract asset will be recorded if we have recognized revenue but do not have an unconditional right to the related consideration from the customer. For example, this will be the case if implementation services offered in a cloud arrangement are identified as a separate performance obligation and are provided to a customer prior to us being able to bill the customer. In addition, a contract asset may arise in relation to subscription licenses if the license revenue that is recognized upfront exceeds the amount that we are able to invoice the customer at that time. Contract assets are reclassified to accounts receivable when the rights become unconditional.
text: The balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated below were as follows:
text: The difference in the opening and closing balances of our contract assets and deferred revenues primarily results from the timing difference between our performance and the customer’s payments. We fulfill our obligations under a contract with a customer by transferring products and services in exchange for consideration from the customer. During the year ended June 30, 2019, we reclassified $19.2 million of contract assets to receivables as a result of the right to the transaction consideration becoming unconditional. During the year ended June 30, 2019, there was no significant impairment loss recognized related to contract assets.
text: We recognize deferred revenue when we have received consideration or an amount of consideration is due from the customer for future obligations to transfer products or services. Our deferred revenues primarily relate to customer support agreements which have been paid for by customers prior to the performance of those services. The amount of revenue that was recognized during the year ended June 30, 2019 that was included in the deferred revenue balances at July 1, 2018 was approximately $617 million.

Questions:
question: What does this table represent?
answer: balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated
question: When was $19.2 million of contract assets to receivables as a result of the right to the transaction consideration becoming unconditional reclassified?
answer: year ended June 30, 2019
question: When will a contract asset be recorded?
answer: if we have recognized revenue but do not have an unconditional right to the related consideration from the customer
question:  What is the total contract assets as of June 30, 2019? 
answer: 36342
derivation: 20,956 +15,386
scale: thousand
question: What is the total deferred revenue as of June 30, 2019?
answer: 688630
derivation: 641,656+46,974
scale: thousand
question: What is the total revenue and assets as of June 30, 2019?
answer: 724972
derivation: 20,956+15,386+641,656+46,974
scale: thousand
Year ended December 31,
2018
2019
(EUR thousand)
Revenue
Revenue
United States
175,855
339,463
Europe
165,602
126,203
Asia
476,624
818,194
Total
818,081
1,283,860

text: NOTE 21. REVENUE
text: Geographical information is summarized as follows:
text: For geographical reporting, the revenue is attributed to the geographical location in which the customer’s facilities are located.

Questions:
question: How is revenue attributed in geographical reporting?
answer: attributed to the geographical location in which the customer’s facilities are located
question: What years does the table provide Geographical information for?
answer: 2018
2019
question: What are the regions presented in the table?
answer: United States
Europe
Asia
question: What was the percentage change in revenue from 2018 to 2019?
answer: 56.94
derivation:  (1,283,860 - 818,081 )/ 818,081
scale: percent
question: What are the regions ranked in descending order in terms of revenue for 2019?
answer: Asia
United States
Europe
derivation: Sort the values and corresponding regions in COL2 in COL4 row 4-6 in descending order by the values in COL4
question: Which region had the largest percentage change in revenue from 2018 to 2019?
answer: United States
derivation: United States:((339,463-175,855)/175,855=0.93)  Europe :((126,203-165,602)/165,602=-0.24)  Asia:( (818,194 -476,624)/476,624=0.72)
Year ended March 31,
2019
2018
2017
(in thousands)
Current assets(*)
$351,597
$339,562
$362,477
Current liabilities
318,672
239,327
316,101
Working capital
$32,925
$100,235
$46,376

text: B. Liquidity and Capital Resources
text: Our operations and strategic objectives require continuing capital investment, and our resources include cash on hand and cash provided by operations, as well as access to capital from bank borrowings and access to capital markets. Management believes that cash generated by or available to us should be sufficient to fund our capital and liquidity needs for at least the next 12 months.
text: Our future financial and operating performance, ability to service or refinance debt and ability to comply with covenants and restrictions contained in our debt agreements will be subject to future economic conditions, the financial health of our customers and suppliers and to financial, business and other factors, many of which are beyond our control. Furthermore, management believes that working capital is sufficient for our present requirements.
text: (*) including trade receivables classified as current asset based on operating cycle of two years.
text: The decrease in working capital as at March 31, 2019 as compared to March 31, 2018 was primarily the result of an increase in short-term borrowings amounting to $208.9 million as at March 31, 2019 from $152 million as at March 31, 2018 due to overdraft against restricted deposits and loan installments due within 12 months.
text: For additional information, please see Note 2(a) and Note 32 to our audited Consolidated Financial Statements appearing elsewhere in this annual report.

Questions:
question: What caused the decrease in working capital in 2019?
answer: primarily the result of an increase in short-term borrowings amounting to $208.9 million as at March 31, 2019 from $152 million as at March 31, 2018 due to overdraft against restricted deposits and loan installments due within 12 months.
question: What was the Working capital in 2019?
answer: $32,925
scale: thousand
question: What years are included in the table?
answer: 2019
2018
2017
question: What is the increase / (decrease) in the current assets from 2018 to 2019?
answer: 12035
derivation: 351,597 - 339,562
scale: thousand
question: What is the average current liabilities from 2017-2019?
answer: 291366.67
derivation: (318,672 + 239,327 + 316,101) / 3
scale: thousand
question: What is the increase / (decrease) in the working capital from 2018 to 2019?
answer: -67310
derivation: 32,925 - 100,235
scale: thousand
Years Ended
July 27, 2019
July 28, 2018
July 29, 2017
Amortization of purchased intangible assets:
Cost of sales .
$624
$640
$556
Operating expenses
Amortization of purchased intangible assets
150
221
259
Restructuring and other charges
—
—
38
Total  .
$774
$861
$853

text: 5. Goodwill and Purchased Intangible Assets
text: (b) Purchased Intangible Assets
text: The following table presents the amortization of purchased intangible assets (in millions):

Questions:
question: Which years does the table provide information for the amortization of purchased intangible assets?
answer: 2019
2018
2017
question: What were the cost of sales in 2019?
answer: 624
scale: million
question: What was the total amortization of purchased intangible assets in 2018?
answer: 861
scale: million
question: What was the change in cost of sales between 2017 and 2018?
answer: 84
derivation: 640-556
scale: million
question: How many years did Amortization of purchased intangible assets exceed $200 million?
answer: 2
derivation: 2018##2017
question: What was the percentage change in total amortization of purchased intangible assets between 2018 and 2019?
answer: -10.1
derivation: (774-861)/861
scale: percent
€ million
€ million
2019
2018
(Restated)(a)
Operating profit
8,708
12,639
Depreciation, amortisation and impairment
1,982
2,216
Changes in working capital
(9)
(793)
Pensions and similar obligations less Payments
(260)
(128)
Provision less payments
7
55
Elimination of (profits)/losses on disposals
60
(4,313)
Non-cash charge for share-based compensation
151
196
Other adjustments
2
(260)
Cash flow from operating activities
10,641
9,612
Income tax paid
(2,532)
(2,294)
Net capital expenditure
(1,429)
(1,424)
Net interest and preference dividends paid
(548)
(461)
Free cash flow*
6,132
5,433
Net cash flow (used in)/from investing activities
(2,237)
4,644
Net cash flow (used in)/from financing activities
(4,667)
(12,113)

text: Cash Flow
text: Cash flow from operating activities was up by €1.0 billion mainly driven by working capital improvement in 2019 compared to the prior year which was impacted by the disposal of spreads. Gross margin improvement had a favourable contribution a result of strong delivery from 5-S savings programmes. Overheads and brand and marketing efficiencies also had a favourable contribution as a result of our zero-based-budgeting programme.
text: (a) Restated following adoption of IFRS 16. See note 1 and note 24 for further details.
text: * Certain measures used in our reporting are not defined under IFRS. For further
information about these measures, please refer to the commentary on non-GAAP
measures on pages 27 to 32.
text: Net cash outflow as a result of investing activities was €2.2 billion compared to an inflow of €4.6 billion in the prior year which included €7.1 billion from the disposal of spreads business.
text: Net outflow from financing activities was €4.7 billion compared to €12.1
billion in the prior year. 2018 included €6.0 billion relating to repurchase of
shares. In 2019 borrowings net of repayments was €1.4 billion higher than
the prior year.

Questions:
question: What caused the increase in the cash flow from operating activities in 2019?
answer: mainly driven by working capital improvement in 2019 compared to the prior year which was impacted by the disposal of spreads
question: What contributed to the Gross Profit margin improvement?
answer: a result of strong delivery from 5-S savings programmes
question: What constituted the cash inflow from investing activities in 2018?
answer: included €7.1 billion from the disposal of spreads business
question: What is the change in the operating profit? 
answer: -3931
derivation: 8,708 - 12,639
scale: thousand
question: What is the increase / (decrease) in the Free Cash Flow?
answer: 699
derivation: 6,132 - 5,433
scale: thousand
question: What is the average Depreciation, amortisation and impairment?
answer: 2099
derivation: (1,982 + 2,216) / 2
scale: thousand
Year Ended December 31,
(In millions)
2019
2018
2017
Net foreign exchange transaction loss
$ (7.7)
$ (16.7)
$ (5.9)
Bank fee expense
(5.0)
(4.4 )
(5.8)
Pension income other than service costs
1.0
3.9
16.7
Loss on debt redemption and refinancing activities
(16.1)
(1.9 )
—
Other, net(1)
8.3
1.0
1.2
Other (expense) income, net
$ (19.5)
$ (18.1)
$ 6.2

text: Note 23 Other (Expense) Income, net
text: The following table provides details of other (expense) income, net:
text: (1) Cryovac Brasil Ltda., a Sealed Air subsidiary, received a final decision from the Brazilian court regarding a claim in which Sealed Air contended that certain indirect taxes paid were calculated on an incorrect amount. As a result, for the year ended December 31, 2019, we recorded income of $4.8 million to Other, net for a claim of overpaid taxes related to 2015 through 2018.

Questions:
question: What was the final decision from the Brazilian court received by Cryovac Brasil Ltda., a Sealed Air subsidiary and the consequence?
answer: that certain indirect taxes paid were calculated on an incorrect amount. As a result, for the year ended December 31, 2019, we recorded income of $4.8 million to Other, net for a claim of overpaid taxes related to 2015 through 2018.
question: What does the table represent?
answer: details of other (expense) income, net
question: What is the Other expense, net for 2019?
answer: 19.5
scale: million
question: Excluding the net for a claim of overpaid taxes related to 2015 through 2018 for 2019, what is the Other, net for 2019?
answer: 3.5
derivation: 8.3-4.8
scale: million
question: What is the average annual Other expense, net for the 3 years?
answer: 10.47
derivation: (19.5+18.1-6.2)/3
scale: million
question: What is the Net foreign exchange transaction loss expressed as a percentage of othe expense, net for 2019?
answer: 39.49
derivation: 7.7/19.5
scale: percent
1st January 2019
Change in year
31st December 2019
£m
£m
£m
Translation reserve
30.3
(45.0)
(14.7)
Net investment hedge reserve
(7.4)
12.9
5.5
Cash flow hedges reserve
–
3.3
3.3
Capital redemption reserve
1.8
–
1.8
Employee Benefit Trust reserve
(2.5)
(4.0)
(6.5)
Total other reserves
22.2
(32.8)
(10.6)

text: 21 Called up share capital and reserves
text: Other reserves in the Consolidated Statement of Changes in Equity on pages 151 to 152 are made up as follows:
text: The change in translation reserve includes a £1.4m credit transferred from retained earnings.

Questions:
question: What is the  Translation reserve at the beginning of 2019?
answer: 30.3
scale: million
question: What does the change in translation reserve include?
answer: a £1.4m credit transferred from retained earnings
question: What are the types of Other reserves?
answer: Translation reserve
Net investment hedge reserve
Cash flow hedges reserve
Capital redemption reserve
Employee Benefit Trust reserve
question: How many types of other reserves registered a negative Change in year amount?
answer: 2
derivation: Translation reserve##Employee Benefit Trust reserve
question: What was the amount of capital redemption reserve as a percentage of the total other reserves on 1st January 2019?
answer: 8.11
derivation: 1.8/22.2
scale: percent
question: What was the percentage change in the amount of  Translation reserve  from 1st January 2019 to 31st December 2019?
answer: -148.51
derivation: (-14.7-30.3)/30.3
scale: percent
Capital expenditures 2017–2019
SEK billion
2019
2018
2017
Capital expenditures
5.1
4.0
3.9
Of which in Sweden
2.0
1.3
1.5
Share of annual sales
2.3%
1.9%
1.9%

text: Capital expenditures
text: For 2019, capital expenditure was SEK 5.1 (4.0) billion, representing 2.3% of sales. Expenditures are largely related to test sites and equipment for R&D, network operation centers and manufacturing and repair operations.
text: The increase in 2019 was mainly due to investments in 5G test equipment.
text: Annual capital expenditures are normally around 2% of sales. This corresponds to the needs for keeping and maintaining the current capacity level. The Board of Directors reviews the Company’s investment plans and proposals.
text: As of December 31, 2019, no material land, buildings, machinery or equipment were pledged as collateral for outstanding indebtedness.

Questions:
question: What is the capital expenditure of 2017?
answer: 3.9
scale: billion
question: What has been pledged as collateral for outstanding indebtedness in 2019?
answer: no material land, buildings, machinery or equipment were pledged
question: Why was there an increase in capital expenditure in 2019?
answer: investments in 5G test equipment
question: What is the change between capital expenditure in 2019 and 2018?
answer: 1.1
derivation: 5.1-4.0
scale: billion
question: What is the change in share of annual sales between 2018 and 2019?
answer: 0.4
derivation: 2.3-1.9
scale: percent
question: Which year has a higher capital expenditures?
answer: 2019
derivation: 5.1>4.0> 3.9
($ in millions)
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Results of Operations
Fiscal Year 2019
Net sales
$572.4
$556.5
$609.9
$641.4
Gross profit
$91.7
$107.0
$123.2
$122.9
Operating income
$45.0
$55.4
$73.2
$67.9
Net income
$31.5
$35.5
$51.1
$48.9
Fiscal Year 2018
Net sales
$479.8
$487.8
$572.2
$618.0
Gross profit
$85.6
$85.7
$96.1
$114.9
Operating income
$42.2
$41.4
$45.7
$60.0
Net income
$23.4
$92.1
$30.2
$42.8

text: Quarterly Financial Data (Unaudited)
text: Quarterly sales and earnings results are normally influenced by seasonal factors. Historically, the first two fiscal quarters (three months ending September 30 and December 31) are typically the lowest principally because of annual plant vacation and maintenance shutdowns by the Company and by many of its customers. However, the timing of major changes in the general economy or the markets for certain products can alter this pattern.
text: During the quarter ended December 31, 2017, the Company recorded an income tax benefit. See Note 17, Income Taxes to Notes to Consolidated Financial Statements included in Item 8. “Financial Statements and Supplementary Data”.

Questions:
question: What are Quarterly sales and earnings results normally influenced by?
answer: seasonal factors
question: Why are the first two fiscal quarters typically the lowest?
answer: principally because of annual plant vacation and maintenance shutdowns by the Company and by many of its customers. However, the timing of major changes in the general economy or the markets for certain products can alter this pattern.
question: What is the net sales for 2019 for each quarter in chronological order?
answer: $572.4
$556.5
$609.9
$641.4
scale: million
question: Which quarter was the net income in 2019 the largest?
answer: Third Quarter
derivation: 51.1>48.9>35.5>31.5
question: What was the change in net income in First Quarter in 2019 from 2018?
answer: 8.1
derivation: 31.5-23.4
scale: million
question: What was the percentage change in net income in First Quarter in 2019 from 2018?
answer: 34.62
derivation: (31.5-23.4)/23.4
scale: percent
Balance at Beginning of Year
Additions Charged to Costs and Expenses
Additions Charged to Other Accounts
Deductions
Balance at End of Year
Valuation allowance for deferred tax assets:
Fiscal 2019
$204.5
$16.2
$175.8
$(64.4)
$332.1
Fiscal 2018
$210.1
$36.2
$—
$(41.8)
$204.5
Fiscal 2017
$161.8
$15.2
$37.6
$(4.5)
$210.1

text: Note 22. Supplemental Financial Information
text: Cash paid for income taxes amounted to $77.6 million, $25.9 million and $48.4 million during fiscal 2019, 2018 and 2017, respectively. Cash paid for interest on borrowings amounted to $347.9 million, $85.3 million and $82.5 million during fiscal 2019, 2018 and 2017, respectively.
text: A summary of additions and deductions related to the valuation allowance for deferred tax asset accounts for the years ended March 31, 2019, 2018 and 2017 follows (amounts in millions):

Questions:
question: Which years does the table provide information for the additions and deductions related to the valuation allowance for deferred tax asset accounts?
answer: 2019
2018
2017
question: What was the balance at beginning of year in 2018?
answer: 210.1
scale: million
question: What were the deductions in 2017?
answer: (4.5)
scale: million
question: How many years did the balance at beginning of year exceed $200 million?
answer: 2
derivation: 2019##2018
question: What was the change in the Additions Charged to Costs and Expenses between 2017 and 2019?
answer: 138.2
derivation: 175.8-37.6
scale: million
question: What was the percentage change in the Balance at End of Year between 2018 and 2019?
answer: 62.4
derivation: (332.1-204.5)/204.5
scale: percent