tokbokki/tatqa_dataset_filter huggingface dataset:
text: Operating Expense
text: Selling, general and administrative expense increased $9.6 million to $24.4 million for the year ended December 31, 2019 compared to $14.8 million for the year ended December 31, 2018. Selling, general and administrative expense increased primarily due to $4.4 million of expenses associated with the legacy business of MOI and $2.0 million of expenses associated with the legacy business of GP , in addition to $1.0 million in transaction costs associated with the acquisition of GP, a $0.9 million increase in share-based compensation as a result of new awards, and a $1.1 million increase in expenses related to sales and marketing as a result of increased revenue.
text: Research, development and engineering expenses increased $3.7 million to $7.5 million for the year ended December 31, 2019 compared to $3.8 million for the year ended December 31, 2018 primarily due to $1.1 million of research, development and engineering expense associated with the legacy business of MOI and $2.7 million of research, development and engineering expense associated with the legacy business of GP during the year ended December 31, 2019.

Table:
Years ended December 31,
2019
2018
$ Difference 
% Difference
Selling, general and administrative expense
$24,371,349
$14,794,205
$9,577,144
64.7%
Research, development and engineering expense
7,496,012
3,766,160
3,729,852
99.0%
Total operating expense
$31,867,361
$18,560,365
$13,306,996
71.7%

Questions:
question: What is the average Selling, general and administrative expense for December 31, 2018 and 2019?
answer: 19582777
derivation: (24,371,349+14,794,205) / 2
question: What is the average Research, development and engineering expense for December 31, 2018 and 2019?
answer: 5631086
derivation: (7,496,012+3,766,160) / 2
question: In which year was Selling, general and administrative expense less than 20,000,000?
answer: 2018
derivation: locate and analyze Selling, general and administrative expense in row 3
question: What was the Total operating expense in 2019 and 2018?
answer: $31,867,361
$18,560,365
text: (1) Vessel Calendar Days is the total number of days the vessels were in our fleet.
text: (2) Time Charter Equivalent (“TCE”) Rate, results from Net Voyage Revenue divided by total TCE days.
text: The change in Voyage revenue is due to two main factors:
text: i)  The number of TCE days
text: ii)  The change in the TCE rate achieved.
text: With regards to i), the decrease in vessel calendar days is mainly due to the disposal of ten vessels in 2018, offset by three 2018 Newbuildings delivered in the latter part of 2018.
text: With regards to ii), the TCE rate increased by $8,560, or 65.4%. The indicative rates presented by Clarksons Shipping increased by 91.7% for the twelve months of 2019 compared to the same twelve months in 2018 to $31,560 from $16,466, respectively. The rates presented by Clarksons Shipping were significantly influenced by the spike in the Suezmax tanker rates in the fourth quarter of both 2019 and 2018. Our average TCE was also positively impacted by the increased tanker rates towards the end of 2019, but not to the same extent as the rates reported by Clarksons Shipping. We expect this spike to materialize to a larger extent in the first quarter of 2020 compared to the rates reported by Clarksons Shipping.
text: As a result of i) and ii) net voyage revenues increased by 41.5% from $124.0 million for the year ended December 31, 2018, to $175.5 million for the year ended December 31, 2019.

Table:
Years Ended December 31,    
All figures in USD ‘000, except TCE rate per day 
2019
2018
Variance 
Voyage Revenue  
317,220
289,016
9.8%
Less Voyage expenses  
(141,770)
(165,012)
(14.1%)
Net Voyage Revenue  
175,450
124,004
41.5%
Vessel Calendar Days (1)  
8,395
9,747
(13.9%)
Less off-hire days  
293
277
5.8%
Total TCE days  
8,102
9,470
(14.4%)
TCE Rate per day (2) 
$21,655
$13,095
65.4%)
Total Days for vessel operating expenses
8,395
9,747
(13.9%)

Questions:
question: What are the respective net voyage revenue in 2018 and 2019?
answer: 124,004
175,450
scale: thousand
question: What is the average voyage revenue in 2018 and 2019?
answer: 303118
derivation: (289,016 + 317,220)/2 
scale: thousand
question: What is the average voyage expenses in 2018 and 2019?
answer: 153391
derivation: (165,012 + 141,770)/2 
scale: thousand
question: What is the average net voyage revenue in 2018 and 2019?
answer: 149727
derivation: (124,004 + 175,450)/2 
scale: thousand
text: 11. INCOME TAX
text: The following table summarizes our U.S. and foreign components of income (loss) from continuing operations before income taxes (in millions):

Table:
Year Ended December 31
2019
2018
2017
United States
$65.8
$62.8
$45.6
Foreign
0.3
0.1
(0.1)
Total
$66.1
$62.9
$45.5

Questions:
text: Interest Expense:
text: Interest expense increased in fiscal 2019 compared to fiscal 2018 primarily due to higher average borrowings resulting from our issuance of $10.0 billion of senior notes in November 2017, which was partially offset by a reduction in interest expense resulting primarily from the maturities and repayments of $2.0 billion of senior notes during fiscal 2019 and $6.0 billion of senior notes during fiscal 2018.

Table:
Year Ended May 31,
Percent Change
(Dollars in millions)
2019
Actual
Constant
2018
Interest expense
$2,082
3%
3%
$2,025

Questions:
question: How much was the average interest expenses in 2018 and 2019 ?
answer: 2053.5
derivation: (2,082 + 2,025) / 2 
scale: million
question: What was the difference in interest expenses in 2019 and 2018?
answer: 57
derivation: 2,082 - 2,025 
scale: million
question: How much was the actual and constant percentage change in interest expense?
answer: 3%
3%
question: When was the financial year end?
answer: Year Ended May 31
text: Results of Operations
text: The following table sets forth the percentage of revenue for certain items in our statements of operations for the periods indicated:
text: Impact of inflation and product price changes on our revenue and on income was immaterial in 2019, 2018 and 2017.

Table:
Fiscal Years
2019
2018
2017
Statements of Operations:
Revenue
100%
100%
100%
Cost of revenue
43%
50%
55%
Gross profit
57%
50%
45%
Operating expenses:
Research and development
120%
79%
79%
Selling, general and administrative
86%
79%
81%
Loss from operations
(149)%
(108)%
(115)%
Interest expense
(3)%
(1)%
(1)%
Interest income and other expense, net
2%
1%
—%
Loss before income taxes
(150)%
(108)%
(116)%
Provision for income taxes
1%
1%
1%
Net loss
(151)%
(109)%
(117)%

Questions:
text: The Company’s consolidated net revenues disaggregated by product group are presented in Note 19. The following tables present the Company’s consolidated net revenues disaggregated by geographical region of
shipment and nature.
text: (1) Net revenues by geographical region of shipment are classified by location of customer invoiced or reclassified by shipment destination in line with customer demand. For example, products ordered by U.S.-based companies to be invoiced to Asia Pacific affiliates are classified as Asia Pacific revenues.
text: (2) Original Equipment Manufacturers (“OEM”) are the end-customers to which the Company provides direct marketing application engineering support, while Distribution customers refers to the distributors and representatives that the Company engages to distribute its products around the world.
text: As of January 1, 2018, the Company adopted the converged guidance on revenue from contract with customers with no material impact on the Company’s recognition practices as substantially similar performance conditions exist under the new guidance and past practice.
text: The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which the Company recognizes revenue at the amount to which the Company has the right to invoice for services performed.

Table:
Year ended
December 31, 2019
December 31, 2018
December 31, 2017
Net revenues by geographical region of shipment(1)
EMEA
2,265
2,478
2,142
Americas
1,351
1,264
1,085
Asia Pacific
5,940
5,922
5,120
Total revenues
9,556
9,664
8,347
Net revenues by nature
Revenues from sale of products
9,381
9,461
8,175
Revenues from sale of services
148
151
133
Other revenues
27
52
39
Total revenues
9,556
9,664
8,347
Net revenues by market channel(2)
Original Equipment Manufacturers (“OEM”)
6,720
6,325
5,549
Distribution
2,836
3,339
2,798
Total revenues
9,556
9,664
8,347

Questions:
question: What is the average of Net revenues by geographical region of shipment?
answer: 9189
derivation: (9,556+9,664+8,347) / 3
question: What is the average of Revenues from sale of services?
answer: 144
derivation: (148+151+133) / 3
question: What is the average of Other revenues?
answer: 39.33
derivation: (27+52+39) / 3
text: Cost of Revenue, Gross Profit and Gross Margin
text: Cost of revenue
text: Cost of products revenue is primarily comprised of cost of third-party manufacturing services and cost of inventory for the hardware component of our products. Cost of products revenue also includes warehouse personnel costs, shipping costs, inventory write-downs, certain allocated facilities and information technology infrastructure costs, and expenses associated with logistics and quality control.
text: Cost of services revenue is primarily comprised of personnel costs for our technical support, training and professional service teams. Cost of services revenue also includes the costs of inventory used to provide hardware replacements to end- customers under PCS contracts and certain allocated facilities and information technology infrastructure costs.
text: A summary of our cost of revenue is as follows (dollars in thousands):

Table:
Years Ended December 31,
Increase (Decrease)
2019
2018
Amount
Percent
Cost of revenue:
Products
$29,816
$34,066
$(4,250)
(12)%
Services
19,065
17,830
1,235
7%
Total cost of revenue
$48,881
$51,896
$(3,015)
(6)%

Questions:
question: What is the company's total cost of revenue in 2019?
answer: $48,881
question: What is the change in total cost of revenue between 2019 and 2018?
answer: -5.81
derivation: (48,881-51,896)/51,896
scale: percent
question: What is the total cost of revenue in both 2019 and 2018?
answer: 100777
derivation: ($48,881+$51,896)
scale: thousand
question: What is the proportion of products as a percentage of the total cost of revenue in 2019?
answer: 61
derivation: $29,816/$48,881
scale: percent
text: Tax Carryforwards
text: The amount and expiration dates of income tax net operating loss carryforwards and tax credit carryforwards, which are available to reduce future taxes, if any, as of August 31, 2019 are as follows:
text: (1) Net of unrecognized tax benefits.
text: (2) Calculated based on the deferral method and includes foreign investment tax credits

Table:
(dollars in thousands)
Last Fiscal Year of Expiration
Amount
Income tax net operating loss carryforwards:(1)
Domestic–state
2039
$57,299
Foreign
2039 or indefinite
$565,609
Tax credit carryforwards:(1)
Domestic–federal
2029
$39,784
Domestic–state
2027
$3,313
Foreign(2)
2027 or indefinite
$15,345

Questions:
question: What was the last fiscal year of expiration for domestic-state tax credit carryforwards? 
answer: 2027
question: What was the amount of domestic-state income tax net operating loss carryforwards?
answer: $57,299
scale: thousand
question: What was the sum of all Income tax net operating loss carryforwards?
answer: 622908
derivation: $57,299+$565,609
scale: thousand
question: What was the sum of all Tax credit carryforwards?
answer: 58442
derivation: $39,784+$3,313+$15,345
scale: thousand
question: What was the domestic-state tax credit carryforwards as a ratio of domestic-federal tax credit carryforwards?
answer: 0.08
derivation: $3,313/$39,784
scale: percent
text: 35 Related party transactions (continued)
text: Balances outstanding between the Group and members of Peel at 31 December 2019 and 31 December 2018 are shown below:
text: Under the terms of the Group’s acquisition of intu Trafford Centre from Peel in 2011, Peel has provided a guarantee in respect of Section 106 planning obligation liabilities at Barton Square which at 31 December 2019 totalled £13.0 million (2018: £12.4 million).
text: The net investment in finance leases above relate to three advertising services agreements related to digital screens with Peel Advertising Limited (a member of Peel) under which Peel will procure advertising on behalf of the Group. The minimum fixed payments in these agreements have been classified as a finance lease.
text: During the year intu shareholders approved, at a General Meeting held on 31 May 2019, the sale to the Peel Group of a 30.96 acre site near intu Braehead known as King George V docks (West) and additional plots of adjacent ancillary land for cash consideration of £6.1 million.
text: Other transactions
text: During the year, the Group sold a wholly owned subsidiary, which holds a plot of sundry land near intu Xanadú, to the intu Xanadú joint venture for consideration of £8.6 million. Consideration includes cash consideration of £4.3 million and a retained interest in the entity through the intu Xanadú joint venture. The cash flow statement records a net inflow of £4.0 million comprising the cash consideration less cash in the business of £0.3 million.

Table:
£m
2019
2018
Net investment in finance lease
0.8
1.2
Amounts owed by members of Peel
0.3
0.3
Amounts owed to members of Peel
(0.1)
(0.1)

Questions:
question: What is the percentage change in the net investment in finance lease from 2018 to 2019?
answer: -33.33
derivation: (0.8-1.2)/1.2
scale: percent
question: What is the percentage change in the amounts owed by members of Peel from 2018 to 2019?
answer: 0
derivation: (0.3-0.3)/0.3
scale: percent
question: What is the percentage change in the amounts owed to members of Peel from 2018 to 2019?
answer: 0
derivation: (0.1-0.1)/0.1
scale: percent
text: 22. Directors and key management compensation
text: This note details the total amounts earned by the Company’s Directors and members of the Executive Committee.
text: Directors
text: Aggregate emoluments of the Directors of the Company were as follows:
text: Notes: 1 Excludes gains from long-term incentive plans.
text: 2 Includes the value of the cash allowance taken by some individuals in lieu of pension contributions
text: No Directors serving during the year exercised share options in the year ended 31 March 2019 (2018: one Director, gain €0.1 million; gain 2017: one Director, €0.7 million

Table:
2019 €m
2018 €m
2017 €m
Salaries and fees
4
4
4
Incentive schemes1
2
3
2
Other benefits2
–
1
1
6
8
7

Questions:
question: What are the financial items listed in the table?
answer: Salaries and fees
Incentive schemes
Other benefits
question: How much is the 2019 salaries and fees ?
answer: 4
scale: million
question: What is the average salaries and fees between 2018 and 2019?
answer: 4
derivation: (4+4)/2
scale: million
question: What is the average incentive schemes between 2018 and 2019?
answer: 2.5
derivation: (2+3)/2
scale: million
question: What is the difference between average salaries and fees and average incentive schemes from 2018 to 2019?
answer: 1.5
derivation: [(4+4)/2] - [(2+3)/2]
scale: million
text: Assets by Reportable Segments
text: The following table shows assets allocated by reportable segment. Assets allocated by reportable segment include: trade receivables, net; inventory, net; property and equipment, net; goodwill; intangible assets, net and leased systems, net.
text: (1) The assets allocated to segments as of December 31, 2018 have been revised to correct an error in the previous allocation of property and equipment. Assets allocated to Food Care were understated by $372.9 million with an offset to Product Care of $369.6 million and $3.3 million to assets not allocated. There is no impact to consolidated assets at December 31, 2018. This error did not impact the Company's annual assessment of goodwill impairment or any other impairment considerations of long-lived assets.

Table:
December 31,
(In millions)
2019
2018
Assets allocated to segments:(1)
Food Care
$ 1,997.8
$ 1,914.4
Product Care
2,762.9
2,273.8
Total segments
$ 4,760.7
$ 4,188.2
Assets not allocated:
Cash and cash equivalents
262.4
271.7
Assets held for sale
2.8
0.6
Income tax receivables
32.8
58.4
Other receivables
80.3
81.3
Deferred taxes
238.6
170.5
Other
387.6
279.5
Total
$ 5,765.2
$ 5,050.2

Questions:
question: What years are reported by the table?
answer: 2019
2018
question: What is the total assets for year 2019?
answer: 5,765.2
scale: million
question: What is the percentage change of total assets from 2018 to 2019?
answer: 14.16
derivation: (5,765.2-5,050.2)/5,050.2
scale: percent
question: What is the average total asset value for 2018 and 2019?
answer: 5407.7
derivation: (5,765.2+5,050.2)/2
scale: million
text: Greenhouse gas emissions
text: Spirent is committed to acting to combat climate change and reporting its progress. Our total Scope 1 and 2 emissions dropped by 6.14 per cent from 2018, and our emissions per $ million of revenue were down by 10.9 per cent. We have reduced our total emissions by 29 per cent since our 2014 baseline.
text: The Group responded to the Carbon Disclosure Project in 2019, completing the Climate Change and Supply Chain questionnaires. In 2019 we achieved a Climate Change rating of B (management) (2018 C) and a Supplier Engagement rating of B (management) (2018 B). The average for our sector is C in both categories.

Table:
2019
2018
Tonnes of CO2e
Tonnes of CO2e
Emissions from:
Combustion of fuel and operation of facilities (Scope 1)
144.7
137.2
Electricity, heat, steam and cooling purchased for own use (Scope 2)
4,641.0
4,950.4
Total emissions
4,785.7
5,087.6
Emissions intensity metrics:
Normalised per FTE employee
3.46
3.57
Normalised per square metre of gross internal area of our facilities
0.114
0.125
Normalised per $ million of revenues
9.50
10.67

Questions:
question: In which year were the Scope 1 emissions larger?
answer: 2019
derivation: 144.7>137.2
question: What was the change in total emissions?
answer: -301.9
derivation: 4,785.7-5,087.6
question: What was the percentage change in total emissions?
answer: -5.93
derivation: (4,785.7-5,087.6)/5,087.6
scale: percent
text: The Company sponsors a defined benefit plan, the Woolworths Group Superannuation Plan (WGSP or the Plan), that provides superannuation benefits for employees upon retirement. The defined benefit plan is closed to new members. The assets of the WGSP are held in a sub-plan within AMP SignatureSuper that is legally separated from the Group. The WGSP invests entirely in pooled unit trust products where prices are quoted on a daily basis.
text: The WGSP consists of members with defined benefit entitlements and defined contribution benefits. The plan also pays allocated pensions to a small number of pensioners. The following disclosures relate only to the Group’s obligation in respect of defined benefit entitlements.
text: The Group contributes to the WGSP at rates as set out in the Trust Deed and Rules and the Participation Deed between the Group and AMP Superannuation Limited. Members contribute to the WGSP at rates dependent upon their membership category. The plan provides lump sum defined benefits that are defined by salary and period of membership.
text: An actuarial valuation was carried out at both reporting dates by Mr Nicholas Wilkinson, FIAA, Willis Towers Watson. The principal actuarial assumptions used for the purpose of the valuation are as follows:

Table:
2019
2018
%
%
Discount rate
2.9
3.8
Expected rate of salary increase
2.5
2.5
Rate of price inflation
2.0
2.0

Questions:
question: What is the discount rate in 2019?
answer: 2.9
scale: percent
question: What is the average discount rate for 2018 and 2019?
answer: 3.35
derivation: (2.9% + 3.8%)/2 
scale: percent
question: What is the change in expected rate of salary increase between 2018 and 2019?
answer: 0
derivation: 2.5% - 2.5% 
scale: percent
question: What is the average rate of price inflation for 2018 and 2019?
answer: 2
derivation: (2.0% + 2.0%)/2 
scale: percent
text: Results of Continuing Operations
text: The analysis presented below is organized to provide the information we believe will facilitate an understanding of our historical performance and relevant trends going forward, and should be read in conjunction with our Consolidated Financial Statements, including the notes thereto, in Item 8 "Financial Statements and Supplementary Data" of this Annual Report on Form 10 - K.
text: The following table sets forth, for the periods indicated, the percentage of sales represented by certain items reflected in our Consolidated Statements of Operations:

Table:
Year Ended December 31,
2019
2018
Sales
100.0 %
100.0 %
Gross profit
40.0
50.9
Operating expenses
33.1
27.0
Operating income from continuing operations
6.9
23.9
Other income (expense), net
1.6
0.1
Income from continuing operations before income taxes
8.5
24.0
Provision for income taxes
1.4
3.5
Income from continuing operations, net of income taxes
7.2 %
20.5 %

Questions:
question: What was the percentage of sales represented by gross profit in 2018?
answer: 50.9
scale: percent
question: What was the percentage of sales represented by operating expenses in 2019?
answer: 33.1
scale: percent
question: What was the change in percentage of sales represented by gross profit between 2018 and 2019?
answer: -10.9
derivation: 40.0-50.9
scale: percent
question: What was the change in percentage of sales represented by net other income between 2018 and 2019?
answer: 1.5
derivation: 1.6-0.1
scale: percent
question: What was the change in percentage of sales represented by provision for income taxes between 2018 and 2019?
answer: -2.1
derivation: 1.4-3.5
scale: percent
text: 27 Financial risk management (continued)
text: Credit risk
text: Credit risk is the risk of financial loss if a tenant or counterparty fails to meet an obligation under a contract. Credit risk arises primarily from trade receivables but also from other financial assets with counterparties including loans to joint ventures, cash deposits and derivative financial instruments.
text: – trade receivables
text: Credit risk associated with trade receivables is actively managed; tenants are typically invoiced quarterly in advance and are managed individually by asset managers, who continuously monitor and work with tenants, aiming wherever possible to identify and address risks prior to default.
text: Prospective tenants are assessed via a review process, including obtaining credit ratings and reviewing financial information, which is conducted internally. As a result deposits or guarantees may be obtained. The amount of deposits held as collateral at 31 December 2019 is £3.5 million (2018: £3.5 million).
text: When applying a loss allowance for expected credit losses, judgement is exercised as to the collectability of trade receivables and to determine if it is appropriate to impair these assets. When considering expected credit losses, management has taken into account days past due, credit status of the counterparty and historical evidence of collection.
text: The ageing analysis of trade receivables is as follows:

Table:
£m
2019
2018
Up to three months
29.9
32.1
Three to six months
10.0
3.7
Trade receivables
39.9
35.8

Questions:
question: What is the percentage change in the total trade receivables from 2018 to 2019?
answer: 11.45
derivation: (39.9-35.8)/35.8
scale: percent
question: In which year is the trade receivables with up to three months of age higher?
answer: 2018
derivation: Find the year with the higher amount of trade receivables that are up to three months of age
question: What is the percentage of the trade receivables that are three to six months of age in the total trade receivables in 2019?
answer: 25.06
derivation: 10.0/39.9
scale: percent