tokbokki/tatqa_dataset_filter huggingface dataset:
text: 18. Revenue
text: Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
text: Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company recognizes revenue over time for the majority of its contracts with customers which results in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers continues to be recognized at a point in time, similar to recognition prior to the adoption of the standard.
text: Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs are recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates.
text: The Company adopted ASU 2014-09 using the modified retrospective method by applying the guidance to all open contracts upon adoption and recorded a cumulative effect adjustment as of September 1, 2018, net of tax,  effect adjustment (in thousands):
text: (1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
text: (2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
text: (3) Included within accrued expenses on the Consolidated Balance Sheets.
text: (4) Differences included in contract liabilities as of September 1, 2018.

Table:
Balance as of August 31, 2018
Adjustments due to adoption of ASU 2014-09
Balance as of September 1, 2018
Assets
Contract assets(1)
$—
$591,616
$591,616
Inventories, net(1)
$3,457,706
$(461,271)
$2,996,435
Prepaid expenses and other current assets(1)(2)
$1,141,000
$(37,271)
$1,103,729
Deferred income taxes(1)(2)
$218,252
$(8,325)
$209,927
Liabilities
Contract liabilities(2)(3)
$—
$690,142
$690,142
Deferred income(2)(3)(4)
$691,365
$(691,365)
$—
Other accrued expenses(3)(4)
$1,000,979
$40,392
$1,041,371
Deferred income taxes(1)
$114,385
$2,977
$117,362
Equity
Retained earnings(1)(2)
$1,760,097
$42,602
$1,802,699

Questions:
text: Foreign Currency Exchange Rate Risk
text: As part of managing the exposure to changes in foreign currency exchange rates, we utilize cross-currency swap contracts and foreign currency forward contracts, a portion of which are designated as cash flow hedges. The objective of these contracts is to minimize impacts to cash flows and profitability due to changes in foreign currency exchange rates on intercompany and other cash transactions. We expect that significantly all of the balance in accumulated other comprehensive income (loss) associated with the cash flow hedge-designated instruments addressing foreign exchange risks will be reclassified into the Consolidated Statement of Operations within the next twelve months.
text: During fiscal 2015, we entered into cross-currency swap contracts with an aggregate notional value of €1,000 million to reduce our exposure to foreign currency exchange rate risk associated with certain intercompany loans. Under the terms of these contracts, which have been designated as cash flow hedges, we make interest payments in euros at 3.50% per annum and receive interest in U.S. dollars at a weighted-average rate of 5.33% per annum. Upon the maturity of these contracts in fiscal 2022, we will pay the notional value of the contracts in euros and receive U.S. dollars from our counterparties. In connection with the cross-currency swap contracts, both counterparties to each contract are required to provide cash collateral.
text: At fiscal year end 2019, these cross-currency swap contracts were in an asset position of $19 million and were recorded in other assets on the Consolidated Balance Sheet. The cross-currency swap contracts were in a liability position of $100 million and were recorded in other liabilities on the Consolidated Balance Sheet at fiscal year end 2018. At fiscal year end 2019 and 2018, collateral received from or paid to our counterparties approximated the derivative positions and was recorded in accrued and other current liabilities (when the contracts are in an asset position) or prepaid expenses and other current assets (when the contracts are in a liability position) on the Consolidated Balance Sheets. The impacts of these cross-currency swap contracts were as follows:
text: (1) Gains and losses excluded from the hedging relationship are recognized prospectively in selling, general, and administrative expenses and are offset by losses and gains generated as a result of re-measuring certain intercompany loans to the U.S. dollar.

Table:
Fiscal
2019
2018
2017
(in millions)
Gains (losses) recorded in other comprehensive income (loss)
$ 53
$  (25)
$ (20)
Gains (losses) excluded from the hedging relationship (1)
66
21
(58)

Questions:
question: In which year was the Gains excluded from the hedging relationship the largest?
answer: 2019
derivation: 66>21>-58
question: What was the change in Gains excluded from the hedging relationship in 2019 from 2018?
answer: 45
derivation: 66-21
scale: million
question: What was the percentage change in Gains excluded from the hedging relationship in 2019 from 2018?
answer: 214.29
derivation: (66-21)/21
scale: percent
text: 11 Employee Costs
text: Included in wages and salaries above are $4.2M (2018: $4.0M) relating to retention payments arising on business combinations.

Table:
Year-ended 31 March 2019
Year-ended 31 March 2018 Restated See note 2
$M
$M
Wages and salaries
286.0
271.8
Social security costs
25.6
27.3
Pension costs
8.9
8.4
Other costs
12.7
12.1
333.2
319.6
Share-based payments (see note 29)
36.9
42.3
Total employee costs
370.1
361.9

Questions:
question: What was the total employee costs in 2019?
answer: 370.1
scale: million
question: In which year was Total employee costs larger?
answer: 2019
derivation: 370.1>361.9
question: What was the change in total employee costs in 2019 from 2018?
answer: 8.2
derivation: 370.1-361.9
scale: million
question: What was the percentage change in total employee costs in 2019 from 2018?
answer: 2.27
derivation: (370.1-361.9)/361.9
scale: percent
text: (2) Includes property and equipment acquired under capital leases:
text: Depreciation and amortization expense was $25.2 million, $17.5 million, and $11.8 million for the years ended March 31, 2019, 2018 and 2017, respectively. Depreciation and amortization expense in the years ended March 31, 2019, 2018 and 2017 included $1.2 million, $0.9 million and $0.1 million related to property and equipment acquired under capital leases.

Table:
As of March 31,
2019
2018
Computer equipment
$4,754
$4,713
Less: Accumulated amortization
(2,228)
(990)
$2,526
$3,723

Questions:
question: What is the change in Computer equipment from March 31, 2018 to March 31, 2019?
answer: 41
derivation: 4,754-4,713
question: What is the change in Accumulated amortization from March 31, 2018 to March 31, 2019?
answer: 1238
derivation: 2,228-990
question: What is the average Computer equipment for March 31, 2018 to March 31, 2019?
answer: 4733.5
derivation: (4,754+4,713) / 2
text: 18. Revenue
text: Effective September 1, 2018, the Company adopted ASU 2014-09, Revenue Recognition (Topic 606). The new standard is a comprehensive new revenue recognition model that requires the Company to recognize revenue in a manner which depicts the transfer of goods or services to its customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
text: Prior to the adoption of the new standard, the Company recognized substantially all of its revenue from contracts with customers at a point in time, which was generally when the goods were shipped to or received by the customer, title and risk of ownership had passed, the price to the buyer was fixed or determinable and collectability was reasonably assured (net of estimated returns). Under the new standard, the Company recognizes revenue over time for the majority of its contracts with customers which results in revenue for those customers being recognized earlier than under the previous guidance. Revenue for all other contracts with customers continues to be recognized at a point in time, similar to recognition prior to the adoption of the standard.
text: Additionally, the new standard impacts the Company’s accounting for certain fulfillment costs, which include upfront costs to prepare for manufacturing activities that are expected to be recovered. Under the new standard, such upfront costs are recognized as an asset and amortized on a systematic basis consistent with the pattern of the transfer of control of the products or services to which to the asset relates.
text: The following table presents the effect of the adoption of the new revenue guidance on the Consolidated Balance Sheets as of August 31, 2019 (in thousands):
text: (1) Differences primarily relate to the timing of revenue recognition for over time customers and certain balance sheet reclassifications.
text: (2) Differences primarily relate to the timing of recognition and recovery of fulfillment costs and certain balance sheet reclassifications.
text: (3) Included within accrued expenses on the Consolidated Balance Sheets.
text: (4) Differences included in contract liabilities as of September 1, 2018.

Table:
August 31, 2019
As reported
Balance without the adoption of ASU 2014-09
Assets
Contract assets (1)
$911,940
$—
Inventories, net (1)
$3,023,003
$3,761,591
Prepaid expenses and other current assets(1)(2)
$501,573
$514,769
Deferred income taxes(1)
$198,827
$202,791
Liabilities
Contract liabilities(2)(3)
$511,329
$—
Deferred income(2)(3)(4)
$—
$521,035
Other accrued expenses(3)(4)
$1,877,908
$1,868,201
Deferred income taxes(1)
$115,818
$111,304
Equity
Retained earnings(1)(2)
$2,037,037
$1,885,360

Questions:
text: Foreign Currencies
text: As a multinational business, the Company's transactions are denominated in a variety of currencies. When appropriate, the Company uses forward foreign currency contracts to reduce its overall exposure to the effects of currency fluctuations on its results of operations and cash flows. The Company's policy prohibits trading in currencies for which there are no underlying exposures and entering into trades for any currency to intentionally increase the underlying exposure.
text: The Company primarily hedges existing assets and liabilities associated with transactions currently on its balance sheet, which are undesignated hedges for accounting purposes.
text: As of December 31, 2019 and 2018, the Company had net outstanding foreign exchange contracts with net notional amounts of $183.3 million and $157.3 million, respectively. Such contracts were obtained through financial institutions and were scheduled to mature within one to three months from the time of purchase.
text: Management believes that these financial instruments should not subject the Company to increased risks from foreign exchange movements because gains and losses on these contracts should offset losses and gains on the underlying assets, liabilities and transactions to which they are related.
text: The following schedule summarizes the Company's net foreign exchange positions in U.S. dollars (in millions):
text: Amounts receivable or payable under the contracts are included in other current assets or accrued expenses in the accompanying Consolidated Balance Sheets. For the years ended December 31, 2019, 2018 and 2017, realized and unrealized foreign currency transactions totaled a loss of $5.0 million, $8.0 million and $6.3 million, respectively. The realized and unrealized foreign currency transactions are included in other income and expenses in the Company's Consolidated Statements of Operations and Comprehensive Income.

Table:
As of December 31,
2019
2018
Buy (Sell)
Notional Amount
Buy (Sell)
 Notional Amount
Japanese Yen
$49.8
$49.8
$29.9
$29.9
Philippine Peso
36.4
36.4
30.1
30.1
Malaysian Ringgit
20.4
20.4
—
—
Chinese Yuan
20.2
20.2
20.4
20.4
Korean Won
18.1
18.1
20.8
20.8
Czech Koruna
11.9
11.9
9.2
9.2
Euro
—
—
13.1
13.1
Other currencies - Buy
21.9
21.9
26.3
26.3
Other currencies - Sell
(4.6)
4.6
(7.5)
7.5
$174.1
$183.3
$142.3
$157.3

Questions:
text: 11 Intangible assets
text: (a) Intangible assets
text: RIGHTS AND LICENCES
text: Certain licences that NEXTDC possesses have an indefinite useful life and are carried at cost less impairment losses and are subject to impairment review at least annually and whenever there is an indication that it may be impaired.
text: Other licences that NEXTDC acquires are carried at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised on a straight-line basis over the estimated useful life. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period.
text: INTERNALLY GENERATED SOFTWARE
text: Internally developed software is capitalised at cost less accumulated amortisation. Amortisation is calculated using the straight-line basis over the asset’s useful economic life which is generally two to three years. Their useful lives and potential impairment are reviewed at the end of each financial year.
text: SOFTWARE UNDER DEVELOPMENT
text: Costs incurred in developing products or systems and costs incurred in acquiring software and licenses that will contribute to future period financial benefits through revenue generation and/or cost reduction are capitalised to software and systems. Costs capitalised include external direct costs of materials and services and employee costs.
text: Assets in the course of construction include only those costs directly attributable to the development phase and are only recognised following completion of technical feasibility and where the Group has an intention and ability to use the asset.

Table:
Rights and licences
Internally generated software
Software under development
Total
Movements
$'000
$'000
$'000
$'000
30 June 2019
Opening net book amount at 1 July 2018
13
6,385
6,509
12,907
Additions – internally developed
-
-
11,896
11,896
Amortisation
-
(1,116)
-
(1,116)
Transfers between classes
-
2,121
(2,121)
-
Disposals
-
(9)
-
(9)
Closing net book amount
13
7,381
16,284
23,678

Questions:
question: What was the total opening net book amount at 1 July 2018?
answer: 12,907
scale: thousand
question: What was the total closing net book account at 30 June 2019?
answer: 23,678
scale: thousand
question: What was the difference between total opening and closing net book amount?
answer: 10771
derivation: 23,678 - 12,907 
scale: thousand
question: What was the change in net book amount for software under development between 2018 and 2019?
answer: 9775
derivation: 16,284 - 6,509 
scale: thousand
question: What percentage of the total gain in book amount was due to internally generated software?
answer: 9.25
derivation: (7,381 - 6,385) / (23,678 - 12,907) 
scale: percent
text: Operating Expenses
text: Cost of Services Cost of services increased $549 million, or 3.6%, during 2019 compared to 2018, primarily due to increases in rent expense as a result of adding capacity to the networks to support demand as well as an increase due to the adoption of the new lease accounting standard in 2019, increases in costs related to the device protection package offered to our wireless retail postpaid customers, as well as regulatory fees.
text: These increases were partially offset by decreases in employee-related costs primarily due to the Voluntary Separation Program, as well as decreases in access costs and roaming.
text: Cost of Wireless Equipment Cost of wireless equipment decreased $544 million, or 2.9%, during 2019 compared to 2018, primarily as a result of declines in the number of wireless devices sold as a result of an elongation of the handset upgrade cycle. These decrease were partially offset by a shift to higher priced devices in the mix of wireless devices sold.
text: Selling, General and Administrative Expense Selling, general and administrative expense increased $938 million, or 6.0%, during 2019 compared to 2018, primarily due to increases in sales commission and bad debt expense, and an increase in advertising costs. The increase in sales commission expense during 2019 compared to 2018 was primarily due to a lower net deferral of commission costs as a result of the adoption of Topic 606 on January 1, 2018 using a modified retrospective approach.
text: These increases were partially offset by decreases in employee-related costs primarily due to the Voluntary Separation Program.
text: Depreciation and Amortization Expense Depreciation and amortization expense decreased $599 million, or 5.0%, during 2019 compared to 2018, driven by the change in the mix of total Verizon depreciable assets and Consumer’s usage of those assets.

Table:
(dollars in millions) Increase/ (Decrease)
Years Ended December 31,
2019
2018
2019 vs. 2018
Cost of services 
$15,884
$15,335
$ 549
3.6%
Cost of wireless equipment 
18,219
18,763
(544)
(2.9)
Selling, general and administrative expense 
16,639
15,701
938
6.0
Depreciation and amortization expense 
11,353
11,952
(599)
(5.0)
Total Operating Expenses 
$ 62,095
$ 61,751
$ 344
0.6

Questions:
question: What is the total operating expenses in 2019?
answer: $ 62,095
scale: million
question: What is the change in Cost of services from 2018 to 2019?
answer: 549
derivation: 15,884-15,335
scale: million
question: What is the change in Cost of wireless equipment from 2018 to 2019?
answer: -544
derivation: 18,219-18,763
scale: million
question: What is the change in Total Operating Expenses from 2018 to 2019?
answer: 344
derivation: 62,095-61,751
scale: million
text: Segments
text: We are organized into two reportable operating segments: OLS and ILS. While both segments deliver cost-effective, highly reliable photonics solutions, OLS is focused on high performance laser sources and complex optical sub-systems, typically used in microelectronics manufacturing, medical diagnostics and therapeutic applications, as well as in scientific research. ILS delivers high performance laser sources, sub-systems and tools primarily used for industrial laser materials processing, serving important end markets like automotive, machine tool, consumer goods and medical device manufacturing.
text: The following table sets forth, for the periods indicated, the amount of net sales and their relative percentages of total net sales by segment (dollars in thousands):
text: Net sales for fiscal 2019 decreased $471.9 million, or 25%, compared to fiscal 2018, with decreases of $372.8 million, or 30%, in our OLS segment and decreases of $99.1 million, or 15%, in our ILS segment. The fiscal 2019 decreases in both OLS and ILS segment sales included decreases due to the unfavorable impact of foreign exchange rates.
text: The decrease in our OLS segment sales in fiscal 2019 was primarily due to weaker demand resulting in lower shipments of ELA tools used in the flat panel display market and lower revenues from consumable service parts.
text: The decrease in our ILS segment sales from fiscal 2018 to fiscal 2019 was primarily due to lower sales for materials processing and microelectronics applications, partially offset by higher sales for medical and military applications within the OEM components and instrumentation market.

Table:
Fiscal 2019
Fiscal 2018
Amount
Percentage of total net sales
Amount
Percentage of total net sales
OEM Laser Sources (OLS)
$886,676
62.0%
$1,259,477
66.2%
Industrial Lasers & Systems (ILS)
543,964
38.0%
643,096
33.8%
Total
$1,430,640
100.0%
$1,902,573
100.0%

Questions:
question: In which year was ILS a higher percentage of total net sales?
answer: 2019
derivation: 38.0%>33.8%
text: NOTE 8. INVENTORIES
text: The changes in the allowance for obsolescence are as follows:
text: On December 31, 2019, our allowance for inventory obsolescence amounted to €12,527, which is 6.7% of total inventory. The major part of the allowance is related to components and raw materials. The additions for the years 2018 and 2019 mainly relate to inventory items which ceased to be used due to technological developments and design changes which resulted in obsolescence of certain parts.
text: The cost of inventories recognized as costs and included in cost of sales amounted to €510.2 million (2018: €365.8 million).

Table:
December 31,
2018
2019
Balance at beginning of year
(12,749)
(13,364)
Charged to cost of sales
(2,958)
(4,748)
Reversals
723
915
Utilization of the provision
1,978
4,994
Foreign currency translation effect
(358)
(324)
Balance at end of year
(13,364)
(12,527)

Questions:
question: What was the Balance at beginning of year 2019?
answer: (13,364)
question: What is the percentage change in Balance at end of year from 2018 to 2019?
answer: -6.26
derivation: ( -12,527 - (-13,364))/-13,364
scale: percent
question: Which component caused the greatest increase in allowance for inventory obsolescence in 2019?
answer: Charged to cost of sales
derivation: Find the largest negative number in COL4 ROWS 4 to 7
question: What is the change in reversals from 2018 to 2019?
answer: 192
derivation: 915-723
text: The following table summarizes our long-lived assets (consisting of property, plant and equipment) by geography at the end of fiscal 2019, fiscal 2018 and fiscal 2017 (in millions).
text: We have many suppliers of raw materials and subcontractors which provide our various materials and service needs. We generally seek to have multiple sources of supply for our raw materials and services, but, in some cases, we may rely on a single or limited number of suppliers.

Table:
March 31,
2019
2018
2017
United States
$521.1
$393.3
$388.5
Thailand
209.3
215.5
178.0
Various other countries
266.3
159.1
116.8
Total long-lived assets
$996.7
$767.9
$683.3

Questions:
text: Our 2019 net revenues decreased 1.1% compared to the prior year, primarily due to a decrease in volumes of approximately 8%, partially compensated by an increase in average selling prices of approximately 7%. The increase in the average selling prices was driven by favorable product mix of approximately 10%, partially offset by a negative pricing effect of approximately 3%.
text: Our 2018 net revenues increased 15.8% compared to the prior year, primarily due to increase in average selling prices of approximately 16%, while volumes remained substantially flat. The increase in the average selling prices was driven by favorable product mix of approximately 18%, partially offset by a negative pricing effect of approximately 2%. Our net revenues registered double-digit growth across all product groups and geographies.
text: In 2019, 2018 and 2017, our largest customer, Apple, accounted for 17.6%, 13.1% and 10.5% of our net revenues, respectively, reported within our three product groups.

Table:
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
% Variation
% Variation
2019
2018
2017
2019 vs 2018
2018 vs 2017
(in millions)
(in millions)
(in millions)
Net sales
$9,529
$9,612
$8,308
(0.9)%
15.7%
Other revenues
27
52
39
(49.0)
36.1
Net revenues
$9,556
$9,664
$8,347
(1.1)%
15.8%

Questions:
question: What are the average Net sales?
answer: 9149.67
derivation: (9,529+9,612+8,308) / 3
scale: million
question: What are the average other revenues?
answer: 39.33
derivation: (27+52+39) / 3
scale: million
question: What are the average Net revenues?
answer: 9189
derivation: (9,556+9,664+8,347 ) / 3
scale: million