Source document: Intu-Properties_2019

Question: Who is intu's external auditor for the 2019 audit?
Facts: Deloitte
Answer: Deloitte

Question: What was the key focus of the Audit Committee in 2019?
Facts: the effective transition of the external audit process from PwC to Deloitte
Answer: the effective transition of the external audit process from PwC to Deloitte

Question: Which ethical standard will be used from 15 March 2020?
Facts: FRC’s Revised Ethical Standard
Answer: FRC’s Revised Ethical Standard

Question: What is the percentage change in the audit fees from 2018 to 2019?
Facts: 1,092; 823
Derivation: (1,092-823)/823
Answer: 32.69 percent

Question: What is the percentage of non-audit fees in the total fees paid to auditor in 2019?
Facts: 1,690; 598
Derivation: 598/1,690
Answer: 35.38 percent

Question: What is the percentage change in the total fees paid to auditor from 2018 to 2019?
Facts: 1,104; 1,690
Derivation: (1,690-1,104)/1,104
Answer: 53.08 percent

Question: What was the market price per share of Prozone at 31 December 2019?
Facts: INR19
Answer: INR19

Question: What is the Prozone pre-impairment carrying value at 31 December 2019?
Facts: £41.5 million
Answer: £41.5 million

Question: What does investment in associates comprise of?
Facts: 32.4 per cent holding in the ordinary shares of Prozone Intu Properties Limited (Prozone); a 26.8 per cent direct holding in the ordinary shares of Empire Mall Private Limited (Empire)
Answer: 32.4 per cent holding in the ordinary shares of Prozone Intu Properties Limited (Prozone); a 26.8 per cent direct holding in the ordinary shares of Empire Mall Private Limited (Empire)

Question: What is the percentage change in the total investment in associates from 31 December 2018 to 31 December  2019?
Facts: 53.7; 65.6
Derivation: (53.7-65.6)/65.6
Answer: -18.14 percent

Question: What is the percentage change in the total investment in associates from 1 January 2018 to 1 January 2019?
Facts: 64.8; 65.6
Derivation: (65.6-64.8)/64.8
Answer: 1.23 percent

Question: In which year is there a greater foreign exchange movement?
Facts: 2019
Derivation: Find the year with the greater numerical value in foreign exchange movements
Answer: 2019 percent

Question: What is the total guarantee in respect of Section 106 planning obligation liabilities at Barton Square which at 31 December 2019?
Facts: £13.0 million
Answer: £13.0 million

Question: What is the total guarantee in respect of Section 106 planning obligation liabilities at Barton Square which at 31 December 2018?
Facts: £12.4 million
Answer: £12.4 million

Question: What are minimum fixed payments classified as?
Facts: finance lease
Answer: finance lease

Question: What is the percentage change in the net investment in finance lease from 2018 to 2019?
Facts: 0.8; 1.2
Derivation: (0.8-1.2)/1.2
Answer: -33.33 percent

Question: What is the percentage change in the amounts owed by members of Peel from 2018 to 2019?
Facts: 0.3
Derivation: (0.3-0.3)/0.3
Answer: 0 percent

Question: What is the percentage change in the amounts owed to members of Peel from 2018 to 2019?
Facts: 0.1
Derivation: (0.1-0.1)/0.1
Answer: 0 percent

Question: What is taken into account when considering expected credit losses?
Facts: credit status of the counterparty; days past due; historical evidence of collection
Answer: days past due; credit status of the counterparty; historical evidence of collection

Question: What is the amount of deposits held as collateral at 31 December 2019?
Facts: £3.5 million
Answer: £3.5 million

Question: What is the amount of deposits held as collateral at 31 December 2018?
Facts: £3.5 million
Answer: £3.5 million

Question: What is the percentage change in the total trade receivables from 2018 to 2019?
Facts: 35.8; 39.9
Derivation: (39.9-35.8)/35.8
Answer: 11.45 percent

Question: In which year is the trade receivables with up to three months of age higher?
Facts: 2018
Derivation: Find the year with the higher amount of trade receivables that are up to three months of age
Answer: 2018

Question: What is the percentage of the trade receivables that are three to six months of age in the total trade receivables in 2019?
Facts: 10.0; 39.9
Derivation: 10.0/39.9
Answer: 25.06 percent

Question: What does the key management comprise of?
Facts: directors of intu properties plc and the Executive Committee who have been designated as persons discharging managerial responsibility (PDMR)
Answer: directors of intu properties plc and the Executive Committee who have been designated as persons discharging managerial responsibility (PDMR)

Question: What is the total value of shares at 31 December 2019 for each joint venture?
Facts: €1.0 million
Answer: €1.0 million

Question: What are the sale of shares in the entities required to comply with?
Facts: Spanish MaB free float listing requirements
Answer: Spanish MaB free float listing requirements

Question: What is the percentage change in the salaries and short-term employee benefits from 2018 to 2019?
Facts: 4.7; 4.9
Derivation: (4.7-4.9)/4.9
Answer: -4.08 percent

Question: What is the percentage change in the Pensions and other post-employment benefits from 2018 to 2019?
Facts: 0.3; 0.8
Derivation: (0.3-0.8)/0.8
Answer: -62.5 percent

Question: In which year is there a higher share-based payment?
Facts: 2018
Derivation: Find the year with the higher share-based payment
Answer: 2018

Question: What is the revenue losses in UK in 2019?
Facts: 398.4
Answer: 398.4 million

Question: What is the value of Derivative financial instruments in 2019?
Facts: 172.7
Answer: 172.7 million

Question: What is the amount of capital losses in UK in 2019?
Facts: 34.5
Answer: 34.5 million

Question: What is the percentage change in the revenue losses in UK from 2018 to 2019?
Facts: 300.8; 398.4
Derivation: (398.4-300.8)/300.8
Answer: 32.45 percent

Question: What is the change in capital losses from the UK between 2018 and 2019?
Facts: 34.2; 34.5
Derivation: 34.5-34.2
Answer: 0.3 million

Question: What is the percentage change in the total unrecognised temporary differences from 2018 to 2019?
Facts: 529.6; 625.7
Derivation: (625.7-529.6)/529.6
Answer: 18.15 percent

Question: What is the total borrowings in 2019?
Facts: 4,916.8
Answer: 4,916.8 million

Question: What is the total borrowings in 2018?
Facts: 5,331.0
Answer: 5,331.0 million

Question: What is the Net debt in 2019?
Facts: 4,693.8
Answer: 4,693.8 million

Question: What is the percentage change in the net debt from 2018 to 2019?
Facts: 4,693.8; 5,056.7
Derivation: (4,693.8-5,056.7)/5,056.7
Answer: -7.18 percent

Question: What is the percentage change in the net external debt from 2018 to 2019?
Facts: 4,498.4; 4,867.2
Derivation: (4,498.4-4,867.2)/ 4,867.2
Answer: -7.58 percent

Question: What is the percentage of total borrowings in net debt in 2019?
Facts: 4,693.8; 4,916.8
Derivation: 4,916.8/4,693.8
Answer: 104.75 percent

Question: What were the fees payable by the Group's joint ventures in 2019?
Facts: £156,000
Answer: £156,000

Question: What were the fees payable related to audit and audit-related services in 2018?
Facts: £121,000
Answer: £121,000

Question: What is the total fees in 2019?
Facts: 1,690
Answer: 1,690 thousand

Question: What is the percentage change in the total fees from 2018 to 2019?
Facts: 1,104; 1,690
Derivation: (1,690-1,104)/1,104
Answer: 53.08 percent

Question: What is the percentage change in the audit-related assurance services from 2018 to 2019?
Facts: 51; 64
Derivation: (64-51)/51
Answer: 25.49 percent

Question: What is the percentage of other non-audit assurance services in total fees in 2019?
Facts: 1,690; 534
Derivation: 534/1,690
Answer: 31.6 percent

Question: What is the average maturity of the Group debt in 2019?
Facts: five years
Answer: five years

Question: What is the average maturity of the Group debt in 2018?
Facts: six years
Answer: six years

Question: Why is liquidity analysis conducted?
Facts: to determine that sufficient headroom is available to meet the Group’s operational requirements and committed investments.
Answer: to determine that sufficient headroom is available to meet the Group’s operational requirements and committed investments.

Question: What is the percentage change in the borrowings (including interest) that matures within 1 year from 2018 to 2019?
Facts: 237.8; 249.5
Derivation: (249.5-237.8)/237.8
Answer: 4.92 percent

Question: What is the percentage of borrowings (including interest) that matures over 5 years in the total borrowings in 2019?
Facts: 1,716.1; 5,657.8
Derivation: 1,716.1/5,657.8
Answer: 30.33 percent

Question: What is the percentage change in the total finance lease obligations from 2018 to 2019?
Facts: 127.0; 129.7
Derivation: (129.7-127.0)/127.0
Answer: 2.13 percent

Question: What is the net assets in 2019?
Facts: 1,846.0
Answer: 1,846.0 million

Question: What is the EPRA NAV in 2018?
Facts: 3,947.1
Answer: 3,947.1 million

Question: What is the change in EPRA NAV per share (pence) from 2018 to 2019?
Facts: (146)
Answer: (146)

Question: What is the percentage change in the total investment in joint ventures from 2018 to 2019?
Facts: 299.8; 524.1
Derivation: -299.8/(524.1+299.8)
Answer: -36.39 percent

Question: What is the percentage change in the EPRA NAV from 2018 to 2019?
Facts: 1,969.8; 3,947.1
Derivation: -(1,969.8/3,947.1)
Answer: -49.9 percent

Question: What is the percentage change in the IFRS net assets attributable to owners of intu properties plc from 2018 to 2019?
Facts: 1,907.5; 3,811.7
Derivation: -1,907.5/3,811.7
Answer: -50.04 percent

Question: What does interest rate risk comprise of?
Facts: cash flow and fair value risks
Answer: cash flow and fair value risks

Question: What is the Group policy?
Facts: to target interest rate protection within the range of 75 per cent to 100 per cent
Answer: to target interest rate protection within the range of 75 per cent to 100 per cent

Question: What is the interest rate protection in 2019?
Facts: 87.1%
Answer: 87.1%

Question: What is the percentage change in the nominal value of unallocated swaps from 2018 to 2019?
Facts: 483.4; 566.7
Derivation: (483.4-566.7)/566.7
Answer: -14.7 percent

Question: What is the percentage change in the fair value of unallocated swaps from 2018 to 2019?
Facts: 166.7; 184.4
Derivation: (166.7-184.4)/184.4
Answer: -9.6 percent

Question: What is the change in interest rate protection between 2018 and 2019?
Facts: 84.2; 87.1
Derivation: 87.1%-84.2%
Answer: 2.9 percent

Question: What is debt to assets ratio in 2019?
Facts: 67.8
Answer: 67.8 percent

Question: What is the weighted average debt maturity in 2019?
Facts: 5.0 years
Answer: 5.0 years

Question: What is the weighted average cost of gross debt (excluding RCF) in 2019?
Facts: 4.3
Answer: 4.3 percent

Question: What is the percentage change in the immediately available cash and facilities from 2018 to 2019?
Facts: 246.8; 5.3
Derivation: (5.3)/246.8
Answer: -2.15 percent

Question: What is the change in the proportion of gross debt with interest rate protection from 2018 to 2019?
Facts: 84; 88
Derivation: 88-84
Answer: 4 percent

Question: What is the change in the debt to assets ration from 2018 to 2019 when it is adjusted for expected disposal proceeds from intu Puerto Venecia and intu Asturias?
Facts: 53.1; 65.3
Derivation: 65.3-53.1
Answer: 12.2 percent

Question: What is the amount of contingent rents calculated by reference to tenants' turnover in 2019?
Facts: £12.7 million
Answer: £12.7 million

Question: How long is the lease for a standard shopping centre in the UK?
Facts: 10 to 15 years
Answer: 10 to 15 years

Question: What is the amount of contingent rents calculated by reference to tenants' turnover in 2018?
Facts: £14.4 million
Answer: £14.4 million

Question: What is the percentage change in the amount of contingent rents calculated by reference to tenants' turnover from 2018 to 2019?
Facts: 12.7; 14.4
Derivation: (12.7-14.4)/14.4
Answer: -11.81 percent

Question: In which year is there  higher future minimum lease amounts receivable?
Facts: 2018
Derivation: Find the year with the higher future minimum lease amounts receivable?
Answer: 2018

Question: What is the percentage change in the future minimum lease amount receivable later than five years from to 2018 to 2019?
Facts: 657.3; 973.5
Derivation: (657.3-973.5)/973.5
Answer: -32.48 percent

Question: What were the dividends in respect of these shares have been waived by agreement in 2018?
Facts: £1.6 million
Answer: £1.6 million

Question: What is the purpose of the ESOP?
Facts: to acquire and hold shares which will be transferred to employees in the future under the Group’s employee incentive arrangements
Answer: to acquire and hold shares which will be transferred to employees in the future under the Group’s employee incentive arrangements

Question: How are the cost of shares in intu properties plc held by the Trustee of the ESOP operated by the Company accounted for?
Facts: accounted for as a deduction from equity
Answer: accounted for as a deduction from equity

Question: What is the percentage change in the acquisitions value from 2018 to 2019?
Facts: 0.1; 0.9
Derivation: (0.1-0.9)/0.9
Answer: -88.89 percent

Question: What is the percentage change in the disposals value from 2018 to 2019?
Facts: 3.0; 3.5
Derivation: (3.5-3.0)/3.0
Answer: 16.67 percent

Question: What is the percentage change in the shares from 31 December 2018 to 31 December 2019?
Facts: 10.3; 11.2
Derivation: (10.3-11.2)/11.2
Answer: -8.04 percent

Question: What are the components of leasing activity?
Facts: new rent; new rent relative to previous passing rent; number
Answer: number; new rent; new rent relative to previous passing rent

Question: What is the amount of investment in the stores made by customers in 2019?
Facts: £125 million
Answer: £125 million

Question: What is the total number of units the Company has?
Facts: 3,300 units
Answer: 3,300 units

Question: What is the percentage change in the number of leasing activity from 2018 to 2019?
Facts: 205; 24
Derivation: (205-24)/24
Answer: 754.17 percent

Question: What is the percentage change in the investment by customers from 2018 to 2019?
Facts: 125; 144
Derivation: (125-144)/144
Answer: -13.19 percent

Question: What is the percentage change in the number of opened or refitted unites in the centres from 2018 to 2019?
Facts: 256; 262
Derivation: (256-262)/262
Answer: -2.29 percent

Question: What is the weighted average exercise prices of the outstanding options at 31 December 2019 for the Share Option Schemes?
Facts: 304 pence
Answer: 304 pence

Question: When will the options lapse?
Facts: if not exercised within 10 years of the date of grant
Answer: if not exercised within 10 years of the date of grant

Question: What is the weighted average exercise prices of the outstanding options exercisable at 31 December 2019 for the Save As You Earn Scheme?
Facts: 278
Answer: 278

Question: What is the percentage change in the outstanding shares under the share options scheme from 1 January 2019 to 31 December 2019?
Facts: 7,137,073; 7,938,601
Derivation: (7,137,073-7,938,601)/7,938,601
Answer: -10.1 percent

Question: What is the percentage change in the outstanding shares under the performance share plan from 1 January 2019 to 31 December 2019?
Facts: 7,008,260; 8,514,392
Derivation: (8,514,392-7,008,260)/7,008,260
Answer: 21.49 percent

Question: What is the percentage change in the outstanding shares under the Save As You Earn Scheme from 1 January 2019 to 31 December 2019?
Facts: 219,136; 546,332
Derivation: (546,332-219,136)/219,136
Answer: 149.31 percent

Question: Why did the net deferred tax provision of £0.9 million arise?
Facts: in respect of the revaluation of development property at intu Costa del Sol, partially offset by associated tax losses
Answer: in respect of the revaluation of development property at intu Costa del Sol, partially offset by associated tax losses

Question: What is the relevant tax rate for those UK assets and liabilities benefiting from REIT exemption in 2019?
Facts: 0 per cent
Answer: 0 per cent

Question: What is the relevant tax rate for Spanish assets and liabilities?
Facts: 25 per cent
Answer: 25 per cent

Question: What is the percentage change in the provided deferred tax provision for investment and development property from 1 January 2018 to 31 December 2019?
Facts: 2.3; 24.6
Derivation: (2.3-24.6)/24.6
Answer: -90.65 percent

Question: What is the percentage change in the total provided deferred tax provision from 1 January 2018 to 31 December 2019?
Facts: 0.9; 23.7
Derivation: (0.9-23.7)/0.9
Answer: -2533.33 percent

Question: What is the percentage change in the provided deferred tax provision for investment and development property from 31 December 2018 to 31 December 2019?
Facts: 19.2; 2.3
Derivation: (2.3-19.2)/19.2
Answer: -88.02 percent

Question: What is the net rental income in 2019?
Facts: 401.6
Answer: 401.6 million

Question: What is the administration expense in 2019?
Facts: 40.5
Answer: 40.5 million

Question: What is the net finance cost in 2019?
Facts: 224.6
Answer: 224.6 million

Question: What is the percentage change in the net rental income from 2018 to 2019?
Facts: 450.5; 48.9
Derivation: 48.9/450.5
Answer: 10.85 percent

Question: What is the percentage change in the administration expenses from 2018 to 2019?
Facts: 3.5; 44.0
Derivation: 3.5/44.0
Answer: 7.95 percent

Question: What is the percentage change in the net finance costs from 2018 to 2019?
Facts: 220.4; 4.2
Derivation: (4.2)/220.4
Answer: -1.91 percent

Question: What is the amount of share related charge incurred by the Group in 2019?
Facts: £49.4 million
Answer: £49.4 million

Question: What do the diluted shares include?
Facts: impact of any dilutive convertible bonds; share awards; share options
Answer: impact of any dilutive convertible bonds; share options; share awards

Question: What was the retained earnings in 2017?
Facts: £49.4 million
Answer: £49.4 million

Question: In which year is there a greater loss (million)?
Facts: 2019
Derivation: Find the year with the higher loss value
Answer: 2019

Question: In which year is there a greater loss per share (pence)?
Facts: 2019
Derivation: Find the year with the greater loss per share
Answer: 2019

Question: In which year is there a greater number of shares?
Facts: 2019
Derivation: Find the year with the greater number of shares
Answer: 2019

Question: What is the percentage of assets at risk in 2019?
Facts: 95%
Answer: 95%

Question: What is the sum of cash deposits and derivative financial instrument assets in 2018?
Facts: 244.2
Answer: 244.2 million

Question: Which model did the Group apply to assess credit risk of financial assets?
Facts: expected credit loss model
Answer: expected credit loss model

Question: How many counterparties have authorised limit above 125.0 million in 2019?
Facts: Counterparty #2
Derivation: Counterparty #2
Answer: 1

Question: What is the percentage of counterparty #5 exposure in the total exposure in 2019?
Facts: 192.7; 20.0
Derivation: 20.0/192.7
Answer: 10.38 percent

Question: What is the percentage change in the sum of cash deposits and derivative financial instrument assets from 2018 to 2019?
Facts: 203.5; 244.2
Derivation: (203.5-244.2)/244.2
Answer: -16.67 percent

Question: What does the ongoing current tax expense in the year of  £16.0 million include?
Facts: includes £15.7 million relating to corporation tax on the estimated current period underpayment of the minimum PID
Answer: includes £15.7 million relating to corporation tax on the estimated current period underpayment of the minimum PID

Question: What is the UK corporation tax payable incurred by the Group?
Facts: 19 per cent
Answer: 19 per cent

Question: What does the UK exceptional current tax expense in the year of  £6.4 million represent?
Facts: the corporation tax arising in the current year in respect of the prior year underpayment of the minimum PID
Answer: the corporation tax arising in the current year in respect of the prior year underpayment of the minimum PID

Question: What is the percentage change in the loss before tax, joint ventures and associates from 2018 to 2019?
Facts: 1,139.6; 1,856.8
Derivation: (1,856.8-1,139.6)/1,139.6
Answer: 62.93 percent

Question: What is the percentage change in the loss before tax multiplied by the standard rate of tax in the UK of 19% from 2018 to 2019?
Facts: 216.6; 352.8
Derivation: (352.8-216.6)/216.6
Answer: 62.88 percent

Question: What is the percentage change in the exempt property rental profits and revaluations from 2018 to 2019?
Facts: 214.9; 307.0
Derivation: (307.0-214.9)/214.9
Answer: 42.86 percent

Question: What is the net exposure to foreign exchange risk (euro) in 2019?
Facts: 468.9
Answer: 468.9 million

Question: What is the net exposure to foreign exchange risk (indian rupee) in 2018?
Facts: 6,274.5
Answer: 6,274.5 million

Question: What is the net exposure to foreign exchange risk (euro) in 2018?
Facts: 555.7
Answer: 555.7 million

Question: What is the change in the positive movement of money to equity attributable to owners of the Group when there is a 10 per cent appreciation in foreign exchange rates from 2018 to 2019?
Facts: 50.0; 63.4
Derivation: 50.0-63.4
Answer: -13.4 million

Question: What is the change in the negative movement of money to equity attributable to owners of the Group when there is a 10 per cent depreciation in foreign exchange rates from 2018 to 2019?
Facts: 40.9; 51.9
Derivation: 40.9-51.9
Answer: -11 million

Question: What is the percentage change in the amount drawn in euros from 2018 to 2019?
Facts: 100
Derivation: (100-100)/100
Answer: 0 percent

Question: What is the amount of undrawn borrowing facilities at 31 December 2019?
Facts: £238.5 million
Answer: £238.5 million

Question: What is the amount of undrawn facilities in respect of development finance?
Facts: £42.1 million
Answer: £42.1 million

Question: What is the amount of debt repayable within one year in 2019?
Facts: 65.8
Answer: 65.8 million

Question: In which year is there a greater total debt?
Facts: 2018
Derivation: Find the year with the greater debt amount
Answer: 2018

Question: In which year is there a greater debt repayable in more than five years?
Facts: 2018
Derivation: Find the year with the greater debt repayable in more than five years
Answer: 2018

Question: What is the percentage change in the total debt from 2018 to 2019?
Facts: 4,651.4; 4,955.1
Derivation: (4,651.4-4,955.1)/4,955.1
Answer: -6.13 percent