Source document: spirent-communications-plc_2019

Question: What is the percentage change in the total amount of emissions from Combustion of fuel and operation of facilities and Electricity, heat, steam and cooling purchased for own use?
Facts: 6.14 per cent
Answer: 6.14 per cent

Question: By how much has Spirent reduced their total emissions since their 2014 baseline?
Facts: 29 per cent
Answer: 29 per cent

Question: What are the scopes of emissions?
Facts: Scope 1; Scope 2
Answer: Scope 1; Scope 2

Question: In which year were the Scope 1 emissions larger?
Facts: 2019
Derivation: 144.7>137.2
Answer: 2019

Question: What was the change in total emissions?
Facts: 4,785.7; 5,087.6
Derivation: 4,785.7-5,087.6
Answer: -301.9

Question: What was the percentage change in total emissions?
Facts: 4,785.7; 5,087.6
Derivation: (4,785.7-5,087.6)/5,087.6
Answer: -5.93 percent

Question: What does order intake represent?
Facts: commitments from customers to purchase goods and/or services that will ultimately result in recognised revenue.
Answer: commitments from customers to purchase goods and/or services that will ultimately result in recognised revenue.

Question: What is the final dividend per share proposed for 2019?
Facts: 3.45 cents per Ordinary share
Answer: 3.45 cents per Ordinary share

Question: What is the change (%) for order intake between 2018 and 2019?
Facts: 13.2
Answer: 13.2 percent

Question: In which year was the gross margin (%) higher?
Facts: 2019
Derivation: 73.2%>72.2%
Answer: 2019

Question: What was the change in closing cash?
Facts: 121.6; 183.2
Derivation: 183.2-121.6
Answer: 61.6 million

Question: For adjusted operating costs, what was the percentage change in the amount of before exceptional items, acquisition related costs, acquired intangible asset amortisation and share-based payment between 2018 and 2019?
Facts: 19.6; 4.3
Derivation: (4.3-19.6)/19.6
Answer: -78.06 percent

Question: When are trade receivables recognised?
Facts: when the right to consideration becomes unconditional
Answer: when the right to consideration becomes unconditional

Question: On what basis does the Group receive payments from customers?
Facts: based on a billing schedule, as established in the contract
Answer: based on a billing schedule, as established in the contract

Question: For which years does the table provide information about receivables and contract liabilities from contracts with customers?
Facts: 2017; 2018; 2019
Answer: 2019; 2018; 2017

Question: In which year was the amount of deferred income the largest?
Facts: 2017
Derivation: 72.7>69.6>66.8
Answer: 2017

Question: What was the change in trade receivables in 2019 from 2018?
Facts: 123.4; 128.7
Derivation: 128.7-123.4
Answer: 5.3 million

Question: What was the percentage change in trade receivables in 2019 from 2018?
Facts: 123.4; 128.7
Derivation: (128.7-123.4)/123.4
Answer: 4.29 percent

Question: What was the adjusted operating margin in 2018?
Facts: 16.2 per cent
Answer: 16.2 per cent

Question: What was the reported operating profit in 2019?
Facts: $88.6 million
Answer: $88.6 million

Question: What were the items factored into the adjusted operating profit to derive the reported operating profit in 2019?
Facts: Acquired intangible asset amortisation; Acquisition related costs; Exceptional items; Share-based payment
Answer: Exceptional items; Acquisition related costs; Acquired intangible asset amortisation; Share-based payment

Question: In which year was the adjusted operating margin for Lifecycle Service Assurance larger?
Facts: 2019
Derivation: 16.3%>15.4%
Answer: 2019

Question: What was the change in operating profit under Networks & Security?
Facts: 56.4; 73.9
Derivation: 73.9-56.4
Answer: 17.5 million

Question: What was the percentage change in operating profit under Networks & Security?
Facts: 56.4; 73.9
Derivation: (73.9-56.4)/56.4
Answer: 31.03 percent

Question: What has Goodwill been allocated to?
Facts: three CGUs, which align with the reportable operating segments
Answer: three CGUs, which align with the reportable operating segments

Question: What is the amount of intangible assets under Networks & Security in 2019?
Facts: 73.4
Answer: 73.4 million

Question: What are the three CGUs, which align with the reportable operating segments?
Facts: Connected Devices; Lifecycle Service Assurance; Networks & Security
Answer: Networks & Security; Lifecycle Service Assurance; Connected Devices

Question: In which year was the amount of intangible assets larger?
Facts: 2019
Derivation: 157.1>155.7
Answer: 2019

Question: What was the change in the total intangible assets?
Facts: 155.7; 157.1
Derivation: 157.1-155.7
Answer: 1.4 million

Question: What was the percentage change in the total intangible assets?
Facts: 155.7; 157.1
Derivation: (157.1-155.7)/155.7
Answer: 0.9 percent

Question: For contracts that exceed one year, what is expected to be recognised as revenue in the future?
Facts: deferred income that relates to unsatisfied or partially satisfied performance obligations at year end
Answer: deferred income that relates to unsatisfied or partially satisfied performance obligations at year end

Question: What generally arises from contracts less than one year in length?
Facts: Revenue from the sale of hardware and software
Answer: Revenue from the sale of hardware and software

Question: What are the types of contracts in the table for which the Company will recognise their revenue when it satisfies the remaining performance obligations in the contracts?
Facts: Greater than one year; Within one year
Answer: Within one year; Greater than one year

Question: In which year was the amount within one year larger?
Facts: 2018
Derivation: 1.2>1.0
Answer: 2018

Question: What was the change in the amount within one year between 2018 and 2019?
Facts: 1.0; 1.2
Derivation: 1.0-1.2
Answer: -0.2 million

Question: What was the percentage change in the amount within one year?
Facts: 1.0; 1.2
Derivation: (1.0-1.2)/1.2
Answer: -16.67 percent

Question: What is the total financial liabilities in 2019?
Facts: 112.8
Answer: 112.8 million

Question: What is the key objective of the Group's treasury department?
Facts: to manage the financial risks of the business and to ensure that sufficient liquidity is available to the Group
Answer: to manage the financial risks of the business and to ensure that sufficient liquidity is available to the Group

Question: What are the components under Financial assets?
Facts: Cash and cash equivalents; Current other financial assets; Current trade and other receivables; Non-current trade and other receivables
Answer: Non-current trade and other receivables; Cash and cash equivalents; Current trade and other receivables; Current other financial assets

Question: In which year was the amount of Non-current trade and other receivables larger?
Facts: 2019
Derivation: 5.7>3.5
Answer: 2019

Question: What was the change in Non-current trade and other receivables?
Facts: 3.5; 5.7
Derivation: 5.7-3.5
Answer: 2.2 million

Question: What was the percentage change in Non-current trade and other receivables?
Facts: 3.5; 5.7
Derivation: (5.7-3.5)/3.5
Answer: 62.86 percent

Question: Why does the Company have no significant concentration of credit risk attributable to its trade debtors?
Facts: as the exposure is spread over a large number of customers.
Answer: as the exposure is spread over a large number of customers.

Question: What do the assets recognised from costs to obtain a contract relate to?
Facts: capitalised incremental costs to obtain a contract, being sales commissions arising on contracts with customers of more than one year in length
Answer: capitalised incremental costs to obtain a contract, being sales commissions arising on contracts with customers of more than one year in length

Question: What are the components under Due within one year?
Facts: Assets recognised from costs to obtain a contract; Current tax asset; Deferred tax; Other debtors; Owed by subsidiaries; Prepayments; Trade debtors
Answer: Trade debtors; Owed by subsidiaries; Other debtors; Prepayments; Current tax asset; Deferred tax; Assets recognised from costs to obtain a contract

Question: In which year was the amount due within one year larger?
Facts: 2019
Derivation: 20.6>19.9
Answer: 2019

Question: What was the change in the amount owed by subsidiaries?
Facts: 13.7; 9.6
Derivation: 13.7-9.6
Answer: 4.1 million

Question: What was the percentage change in the amount owed by subsidiaries?
Facts: 13.7; 9.6
Derivation: (13.7-9.6)/9.6
Answer: 42.71 percent

Question: What was the government grant received for?
Facts: to accelerate and support research and development in the vulnerability of global navigation satellite systems
Answer: to accelerate and support research and development in the vulnerability of global navigation satellite systems

Question: What was the amount of Current government grants in 2019?
Facts: 0.7
Answer: 0.7 million

Question: What are the types of government grants included within creditors?
Facts: Current; Non-current
Answer: Current; Non-current

Question: In which year was the amount of current government grants larger?
Facts: 2019
Derivation: 0.7>0.3
Answer: 2019

Question: What was the change in the amount of current government grants?
Facts: 0.3; 0.7
Derivation: 0.7-0.3
Answer: 0.4 million

Question: What was the percentage change in the amount of current government grants?
Facts: 0.3; 0.7
Derivation: (0.7-0.3)/0.3
Answer: 133.33 percent

Question: What do the employee remuneration costs include?
Facts: Remuneration, social security costs, pension and other related costs and expense of share-based payment
Answer: Remuneration, social security costs, pension and other related costs and expense of share-based payment

Question: What do the distributions to shareholders include?
Facts: Dividends declared and paid in the year include a special dividend paid in 2018
Answer: Dividends declared and paid in the year include a special dividend paid in 2018

Question: What are the components in the table showing the total expenditure on pay for all of the Company’s employees compared to distributions to shareholders by way of dividend?
Facts: Adjusted operating profit; Distributions to shareholders; Employee remuneration costs
Answer: Employee remuneration costs; Distributions to shareholders; Adjusted operating profit

Question: In which year was the amount of adjusted operating profit larger?
Facts: 2019
Derivation: 92.9>77.1
Answer: 2019

Question: What was the change in adjusted operating profit?
Facts: 77.1; 92.9
Derivation: 92.9-77.1
Answer: 15.8 million

Question: What was the average amount of adjusted operating profit recorded across 2018 and 2019?
Facts: 77.1; 92.9
Derivation: (92.9+77.1)/2
Answer: 85 million

Question: What amount of the total cash and cash equivalents balance is callable at notice of three months or less at the date of investment in 2019?
Facts: $79.3 million
Answer: $79.3 million

Question: What are short-term bank deposits made for?
Facts: varying periods of between one day and three months depending on the cash requirements of the Group and earn interest at the short-term deposit rates appropriate for the term of the deposit and currency.
Answer: varying periods of between one day and three months depending on the cash requirements of the Group and earn interest at the short-term deposit rates appropriate for the term of the deposit and currency.

Question: What are the items under cash and cash equivalents, for the purposes of the cash flow statement?
Facts: Cash at bank; Short-term bank deposits
Answer: Cash at bank; Short-term bank deposits

Question: In which year was the amount of short-term bank deposits larger?
Facts: 2019
Derivation: 79.3>63.9
Answer: 2019

Question: What was the change in the cash at bank?
Facts: 103.9; 57.7
Derivation: 103.9-57.7
Answer: 46.2 million

Question: What was the percentage change in the cash at bank?
Facts: 103.9; 57.7
Derivation: (103.9-57.7)/57.7
Answer: 80.07 percent

Question: What information of the liability does the table provide?
Facts: duration and maturity
Answer: duration and maturity

Question: What was the Weighted average duration of the defined benefit obligation (years) in 2019?
Facts: 14
Answer: 14

Question: What are the categories of maturity used in the Maturity analysis of benefit payments (non-discounted amounts)?
Facts: Maturity > 1 ≤ 5 years; Maturity > 10 ≤ 20 years; Maturity > 20 ≤ 30 years; Maturity > 30 years; Maturity > 5 ≤ 10 years; Maturity ≤ 1 year
Answer: Maturity ≤ 1 year; Maturity > 1 ≤ 5 years; Maturity > 5 ≤ 10 years; Maturity > 10 ≤ 20 years; Maturity > 20 ≤ 30 years; Maturity > 30 years

Question: In which year was the Weighted average duration of the defined benefit obligation (years) larger?
Facts: 2018
Derivation: 15>14
Answer: 2018

Question: What was the change in the benefit payments (non-discounted amounts) for maturity > 30 years?
Facts: 42.9; 63.0
Derivation: 63.0-42.9
Answer: 20.1 million

Question: What was the percentage change in the benefit payments (non-discounted amounts) for maturity > 30 years?
Facts: 42.9; 63.0
Derivation: (63.0-42.9)/42.9
Answer: 46.85 percent

Question: What does finished goods in 2018 include?
Facts: £2.2 million relating to deferred costs which has been reclassified from prepayments
Answer: £2.2 million relating to deferred costs which has been reclassified from prepayments

Question: Was there any stock write-downs recognised in the period?
Facts: There were no stock write-downs recognised in the period
Answer: There were no stock write-downs recognised in the period

Question: What are the types of stocks in the table?
Facts: Finished goods; Work in progress
Answer: Work in progress; Finished goods

Question: In which year was the amount of work in progress larger?
Facts: 2019
Derivation: 0.7>0.6
Answer: 2019

Question: What was the change in the amount of stocks?
Facts: 3.9; 4.5
Derivation: 3.9-4.5
Answer: -0.6 million

Question: What was the percentage change in the amount of stocks?
Facts: 3.9; 4.5
Derivation: (3.9-4.5)/4.5
Answer: -13.33 percent

Question: What does the table record movements in?
Facts: the fair value of plans’ assets
Answer: the fair value of plans’ assets

Question: What is the fair value of plans' assets in 2019?
Facts: 291.1
Answer: 291.1 million

Question: In which years are the movements in the fair value of plans' assets recorded?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year were the employer contributions larger?
Facts: 2018
Derivation: 6.8>6.6
Answer: 2018

Question: What was the change in the fair value of plans' assets?
Facts: 254.2; 291.1
Derivation: 291.1-254.2
Answer: 36.9 million

Question: What was the percentage change in the fair value of plans' assets?
Facts: 254.2; 291.1
Derivation: (291.1-254.2)/254.2
Answer: 14.52 percent

Question: What activities does the Group perform when it closely monitors amounts due from customers?
Facts: performs activities such as credit checks and reviews of payment history and has put in place appropriate credit approval limits
Answer: performs activities such as credit checks and reviews of payment history and has put in place appropriate credit approval limits

Question: What is the receivables' provision based on?
Facts: expected credit losses
Answer: expected credit losses

Question: What are the composition of trade receivables which are past due but not impaired?
Facts: 30 to 60 days; Less than 30 days overdue; Over 60 days
Answer: Less than 30 days overdue; 30 to 60 days; Over 60 days

Question: In which year was the amount of trade receivables larger?
Facts: 2019
Derivation: 128.7>123.4
Answer: 2019

Question: What was the change in trade receivables?
Facts: 123.4; 128.7
Derivation: 128.7-123.4
Answer: 5.3 million

Question: What was the percentage change in trade receivables?
Facts: 123.4; 128.7
Derivation: (128.7-123.4)/123.4
Answer: 4.29 percent

Question: What does Finished goods in 2018 include?
Facts: $1.8 million relating to deferred costs which has been reclassified from trade and other receivables
Answer: $1.8 million relating to deferred costs which has been reclassified from trade and other receivables

Question: What was charged to the income statement in the year for inventory write-downs?
Facts: An expense of $1.6 million (2018 $0.1 million)
Answer: An expense of $1.6 million (2018 $0.1 million)

Question: What are the types of inventories in the table?
Facts: Finished goods; Raw materials; Work in progress
Answer: Raw materials; Work in progress; Finished goods

Question: In which year was the amount of raw materials larger?
Facts: 2018
Derivation: 6.6>4.8
Answer: 2018

Question: What was the change in total inventories?
Facts: 20.6; 27.5
Derivation: 20.6-27.5
Answer: -6.9 million

Question: What was the percentage change in total inventories?
Facts: 20.6; 27.5
Derivation: (20.6-27.5)/27.5
Answer: -25.09 percent

Question: What were the gains on the exercise of options by key management personnel in 2019?
Facts: $2,010,731
Answer: $2,010,731

Question: What is the share-based payment for 2019?
Facts: 1,982.7
Answer: 1,982.7 thousand

Question: What are the categories specified in IAS 24 ‘Related Party Disclosures’ in the table?
Facts: Share-based payment; Short-term employee benefits
Answer: Short-term employee benefits; Share-based payment

Question: In which year was the amount of short-term employee benefits larger?
Facts: 2018
Derivation: 3,842.1>3,540.9
Answer: 2018

Question: What was the change in the total remuneration of key management personnel?
Facts: 4,506.7; 5,523.6
Derivation: 5,523.6-4,506.7
Answer: 1016.9 thousand

Question: What was the percentage change in the total remuneration of key management personnel?
Facts: 4,506.7; 5,523.6
Derivation: (5,523.6-4,506.7)/4,506.7
Answer: 22.56 percent

Question: For adjusted operating costs, what was the amount of  Before exceptional items, acquisition related costs, acquired intangible asset amortisation and share-based payment in 2019?
Facts: $4.3 million in total
Answer: $4.3 million in total

Question: What is the change in the total group adjusted operating costs?
Facts: up $8.3 million
Answer: up $8.3 million

Question: What are the different business segments considered in the operating costs?
Facts: Administration; Connected Devices; Corporate; Lifecycle Service Assurance; Networks & Security; Product Development; Selling and Marketing
Answer: Networks & Security; Lifecycle Service Assurance; Connected Devices; Corporate; Product Development; Selling and Marketing; Administration

Question: In which year was the amount of operating costs under Networks & Security larger?
Facts: 2019
Derivation: 158.4>148.9
Answer: 2019

Question: What was the change in costs under Corporate?
Facts: 7.2; 8.6
Derivation: 8.6-7.2
Answer: 1.4 million

Question: What was the percentage change in costs under Corporate?
Facts: 7.2; 8.6
Derivation: (8.6-7.2)/7.2
Answer: 19.44 percent

Question: What should be referred to for disclosures relating to the emoluments, share incentives and long-term incentive interests and pensions of the Directors?
Facts: refer to the Report on Directors’ remuneration on pages 77 to 101 and note 38 of Notes to the consolidated financial statements on page 161
Answer: refer to the Report on Directors’ remuneration on pages 77 to 101 and note 38 of Notes to the consolidated financial statements on page 161

Question: What was the average number of people employed by the Company in 2019?
Facts: 178
Answer: 178

Question: What are the different departments for which the average number of people were employed by the Company during the year was recorded?
Facts: Administration; Manufacturing; Product development; Selling and marketing
Answer: Manufacturing; Product development; Selling and marketing; Administration

Question: In which year was the number of employees in Selling and marketing higher?
Facts: 2019
Derivation: 52>45
Answer: 2019

Question: What was the change in the average number of people employed by the company in 2019?
Facts: 162; 178
Derivation: 178-162
Answer: 16

Question: What was the percentage change in the average number of people employed by the company in 2019?
Facts: 162; 178
Derivation: (178-162)/162
Answer: 9.88 percent

Question: What was the net pension plan surplus on the balance sheet in 2019?
Facts: 8.3
Answer: 8.3 million

Question: What are the schemes comprising the assets and liabilities on the balance sheet in the table?
Facts: Schemes in net asset position; Schemes in net liability position
Answer: Schemes in net asset position; Schemes in net liability position

Question: What are the plans under Schemes in net asset position?
Facts: UK defined benefit pension plan – Cash Plan; UK defined benefit pension plan – Staff Plan
Answer: UK defined benefit pension plan – Staff Plan; UK defined benefit pension plan – Cash Plan

Question: In which year was the amount of UK defined benefit pension plan – Cash Plan larger?
Facts: 2019
Derivation: 1.0>0.9
Answer: 2019

Question: What was the change in the net pension plan surplus on the balance sheet?
Facts: 1.5; 8.3
Derivation: 8.3-1.5
Answer: 6.8 million

Question: What was the percentage change in the net pension plan surplus on the balance sheet?
Facts: 1.5; 8.3
Derivation: (8.3-1.5)/1.5
Answer: 453.33 percent

Question: How is the fair value of share incentives estimated?
Facts: at the date of grant using the Black-Scholes binomial model
Answer: at the date of grant using the Black-Scholes binomial model

Question: How was the expected volatility determined?
Facts: by calculating the historical volatility of the Company’s share price over the previous two years which management considers to be the period which is likely to be most representative of future volatility.
Answer: by calculating the historical volatility of the Company’s share price over the previous two years which management considers to be the period which is likely to be most representative of future volatility.

Question: What are the different option life (years) provided in the table with the assumptions in arriving at the share-based payment charge and the fair value?
Facts: Options and SARs; Performance Shares
Answer: Performance Shares; Options and SARs

Question: In which year was the Weighted average fair value (pence) larger?
Facts: 2019
Derivation: 141.1>95.1
Answer: 2019

Question: What was the change in the Weighted average share price (pence)?
Facts: 112.9; 163.1
Derivation: 163.1-112.9
Answer: 50.2

Question: What was the percentage change in the Weighted average share price (pence)?
Facts: 112.9; 163.1
Derivation: (163.1-112.9)/112.9
Answer: 44.46 percent

Question: What was the tax charge for the year ended 31 December 2019?
Facts: $11.6 million
Answer: $11.6 million

Question: What was the effective tax rate excluding the prior year and tax credit on adjusting items?
Facts: 13.0 per cent
Answer: 13.0 per cent

Question: Which are the broad categories of tax considered in the tax charge in the income statement?
Facts: Current income tax; Deferred tax
Answer: Current income tax; Deferred tax

Question: In which year was the UK tax larger?
Facts: 2019
Derivation: 0.3>0.1
Answer: 2019

Question: What was the change in the tax charge in the income statement?
Facts: 11.6; 5.4
Derivation: 11.6-5.4
Answer: 6.2 million

Question: What was the percentage change in the tax charge in the income statement?
Facts: 11.6; 5.4
Derivation: (11.6-5.4)/5.4
Answer: 114.81 percent

Question: What was the gross margin in 2019?
Facts: 368.6
Answer: 368.6 million

Question: What was the gross margin in 2018?
Facts: 344.5
Answer: 344.5 million

Question: Which operating segments in the table achieved an improvement in gross margin?
Facts: Connected Devices; Lifecycle Service Assurance; Networks & Security
Answer: Networks & Security; Lifecycle Service Assurance; Connected Devices

Question: In which year was the amount of gross profit for Connected Devices larger?
Facts: 2018
Derivation: 51.3>47.7
Answer: 2018

Question: What was the change in the amount of gross profits?
Facts: 344.5; 368.6
Derivation: 368.6-344.5
Answer: 24.1 million

Question: What was the percentage change in the amount of gross profits?
Facts: 344.5; 368.6
Derivation: (368.6-344.5)/344.5
Answer: 7 percent

Question: What terms are trade creditors normally settled on?
Facts: 30 to 60-day terms
Answer: 30 to 60-day terms

Question: What is the value of deferred income in 2019?
Facts: 3.2
Answer: 3.2 million

Question: What types of creditors are non-interest bearing?
Facts: Other creditors; Trade creditors
Answer: Trade creditors; Other creditors

Question: In which year was the amount of Accruals larger?
Facts: 2019
Derivation: 5.1>4.5
Answer: 2019

Question: What was the change in Accruals?
Facts: 4.5; 5.1
Derivation: 5.1-4.5
Answer: 0.6 million

Question: What was the percentage change in Accruals?
Facts: 4.5; 5.1
Derivation: (5.1-4.5)/4.5
Answer: 13.33 percent

Question: What have the items in the table been charged in arriving at?
Facts: profit before tax
Answer: profit before tax

Question: What was the amount of employee benefit costs in 2019?
Facts: 220.5
Answer: 220.5 million

Question: For which years were the items that have been charged in arriving at profit before tax recorded in?
Facts: 2018; 2019
Answer: 2019; 2018

Question: In which year was the amount of product development costs larger?
Facts: 2018
Derivation: 96.9>96.5
Answer: 2018

Question: What was the change in employee benefit costs?
Facts: 208.9; 220.5
Derivation: 220.5-208.9
Answer: 11.6 million

Question: What was the percentage change in employee benefit costs?
Facts: 208.9; 220.5
Derivation: (220.5-208.9)/208.9
Answer: 5.55 percent