trismik/FinRAG huggingface dataset:
3.2 Capital risk management
The Group’s objectives on managing capital are to safeguard the Group’s ability to continue as a going concern and support the sustainable growth of the Group in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to enhance shareholders’ value in the long term.
Capital refers to equity and external debts (including borrowings and notes payable). In order to maintain or adjust the capital structure, the Group may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, repurchase the Company’s shares or raise/repay debts.
The Group monitors capital by regularly reviewing debts to adjusted earnings before interest, tax, depreciation and amortisation (“EBITDA”) (Note) ratio, being the measure of the Group’s ability to pay off all debts that reflects financial health and liquidity position. The total debts/adjusted EBITDA ratio calculated by dividing the total debts by adjusted EBITDA is as follows:
Note: Adjusted EBITDA represents operating profit less interest income and other gains/(losses), net, and adding back depreciation of property, plant and equipment, investment properties as well as right-of-use assets, amortisation of intangible assets and equitysettled share-based compensation expenses.

As at 31 December
2019
2018
RMB’Million
RMB’Million
Borrowings (Note 35)
126,952
114,271
Notes payable (Note 36)
93,861
65,018
Total debts
220,813
179,289
Adjusted EBITDA (Note)
147,395
118,273
Total debts/Adjusted EBITDA ratio
1.50
1.52


Question: Analyse this data from a financial earnings document. How much did borrowings change from 2018 year end to 2019 year end?
Choices:
12681
4002
14506931992
33091
-114236
Correct choice index: 0
Interest Income and Interest Expense
Interest income is earned on our cash, cash equivalents, restricted cash and marketable securities. The increase in interest income in fiscal 2019 compared to fiscal 2018 was attributable to higher investment yields, related in part to longer duration investments, as well as higher average investment balances.
Interest expense primarily includes interest on our term loans, partially offset by income from our interest-rate swap derivative contracts, as well as term loan issuance costs amortization charges. The decrease in interest expense in fiscal 2019 compared to fiscal 2018 was primarily due to lower outstanding debt balances related to the CMI acquisition as a result of principal payments made, partially offset by additional interest expense related to the term loan originated to finance the acquisition of FRT.
Other Income (Expense), Net
Other income (expense), net primarily includes the effects of foreign currency impact and various other gains and losses.

Fiscal Year Ended
December 28, 2019
December 29, 2018
December 30, 2017
(Dollars in thousands)
Interest income
$2,714
$1,356
$548
Weighted average balance of cash and investments
$179,526
$138,467
$124,637
Weighted average yield on cash and investments  
2.05 %
1.51 %
0.84 %
Interest expense
$1,915
$3,314
$4,491
Average debt outstanding
$56,776
$90,086
$127,598
Weighted average interest rate on debt
4.09 %
3.98 %
3.07 %


Question: Analyse this data from a financial earnings document. What is the change in Weighted average balance of cash and investments from Fiscal Year Ended December 28, 2019 to December 29, 2018?
Choices:
41059
317993
178978
0
24858426642
Correct choice index: 0
(1)  The bonus paid in 2019, 2018 and 2017 was approved by the compensation Committee and Supervisory Board with respect to the 2018, 2017 and 2016 financial year, respectively, based on the evaluation and assessment of the actual fulfillment of a number of pre-defined objectives for such year.
(2)  Including stock awards, employer social contributions, company car allowance, pension contributions, complementary pension contributions, miscellaneous allowances as well as one-off contractually obligated deferred compensation paid to Mr. Bozotti in 2019.
In accordance with the resolutions adopted at our AGM held on May 30, 2012, the bonus of our former President and Chief Executive Officer, Mr. Bozotti, in 2018 and 2017 included a portion of a bonus payable in stock awards and corresponding to 86,782 and 59,435 vested shares, respectively, based on fulfillment of a number of pre-defined objectives.
In addition, our sole member of our Managing Board, President and Chief Executive Officer, Mr. Chery, was granted, in accordance with the compensation policy adopted by our General Meeting of Shareholders and subsequent shareholder authorizations, up to 100,000 unvested Stock Awards. The vesting of such stock awards is conditional upon the sole member of our Managing Board, President and Chief Executive Officer’s, continued service with us.
(3) In 2019, the total compensation of the sole member of our Managing Board, President and Chief Executive Officer was 46% fixed to 54% variable, compared to 12% fixed to 88% variable in 2018 and 44% fixed to 56% variable in 2017.

2019
2018
2017
Salary
$896,297
$927,820
$903,186
Bonus(1)
$1,280,173
$3,214,578
$1,044,514
Charges and Non-cash Benefits(2)
$5,618,382
$6,971,946
$1,828,814
Total(3)
$7,794,852
$11,114,344
$3,776,514


Question: Analyse this data from a financial earnings document. What is the increase/ (decrease) in Salary from the period 2017 to 2018?
Choices:
837994034520
24634
2463400
-352353
-6889
Correct choice index: 1
Retirement-Related Plans
The following table provides the total pre-tax cost for all retirement-related plans. Total operating costs/(income) are included in the Consolidated Income Statement within the caption (e.g., Cost, SG&A, RD&E) relating to the job function of the plan participants.
Total pre-tax retirement-related plan cost decreased by $994 million compared to 2018, primarily driven by a decrease in recognized actuarial losses ($1,123 million), primarily due to the change in the amortization period in the U.S. Qualified Personal Pension Plan and higher expected return on plan assets ($143 million), partially offset by higher interest costs ($203 million).
As discussed in the “Operating (non-GAAP) Earnings” section, we characterize certain retirement-related costs as operating and others as non-operating. Utilizing this characterization, operating retirement-related costs in 2019 were $1,457 million, a decrease of $37 million compared to 2018. Non-operating costs of $615 million in 2019 decreased $957 million year to year, driven primarily by the same factors as above.

($ in millions)
For the year ended December 31:
2019
2018
Yr.-to-Yr. Percent Change
Retirement-related plans—cost
Service cost
$385
$431
(10.7)%
Multi-employer plans
32
38
(16.9)
Cost of defined contribution plans
1,040
1,024
1.5
Total operating costs/ (income)
$1,457
$1,494
(2.5)%
Interest cost
$2,929
$2,726
7.4%
Expected return on plan assets
(4,192)
(4,049)
3.5
Recognized actuarial losses
1,819
2,941
(38.2)
Amortization of prior service costs/(credits)
(9)
(73)
(87.6)
Curtailments/settlements
41
11
262.2
Other costs
28
16
76.2
Total non-operating costs/(income)
$615
$1,572
(60.9)%
Total retirement-related plans—cost
$2,072
$3,066
(32.4)%


Question: Analyse this data from a financial earnings document. What was the increase / (decrease) in the Other costs from 2018 to 2019?
Choices:
-12
16
448
12
17
Correct choice index: 3
Stock-based Compensation Expense
The following table sets forth our stock-based compensation expense for the years ended December 31, 2019, 2018 and 2017 (in thousands):
Stock-based compensation awards include employee stock options, restricted stock awards and units, and employee stock purchases. For the year ended December 31, 2019, stock-based compensation expense was $31.6 million, of which $0.2 million related to employee stock options, $29.1 million related to restricted stock awards and units and $2.3 million related to employee stock purchases. For the year ended December 31, 2018, stock-based compensation expense was $31.0 million, of which $0.4 million related to employee stock options, $28.0 million related to restricted stock awards and units and $2.6 million related to employee stock purchases. The increase in stock-based compensation expense in 2019 compared to 2018 was due primarily to a higher volume of restricted stock unit grants.

Years Ended December 31,
2019
2018
2017
Research, development and other related costs
$14,643
$13,168
$13,277
Selling, general and administrative
16,911
17,843
20,185
Total stock-based compensation expense
$31,554
$31,011
$33,462


Question: Analyse this data from a financial earnings document. What is the total stock-based compensation expense related to research, development, and other related costs from 2017 to 2019?
Choices:
43356
41197
27811
41088
2
Correct choice index: 3
Item 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Aggregate audit fees, audit-related fees, tax fees and the aggregate of all other fees billed to us by Ernst & Young LLP for the fiscal years ended June 30, 2019 and 2018 were as follows:
(1) Audit Fees consist of fees incurred for professional services rendered for the integrated audit of our annual consolidated financial statements, review of the quarterly consolidated financial statements and foreign statutory audits and services that are normally provided by Ernst & Young LLP in connection with statutory and regulatory filings or engagements. Audit fees also include accounting consultations, research related to the integrated audit and comfort letter services in relation to our exchangeable senior notes.
(2) Audit-Related Fees consist of fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s consolidated financial statements and are not reported under “Audit Fees.” This primarily consists of fees for service organization control audits and due diligence on acquisitions.
(3) Tax fees relate to assistance with tax compliance, tax planning and various tax advisory services.
(4) Other fees are any additional amounts for products and services provided by the principal accountants.
Our audit committee has adopted a pre-approval policy for the engagement of our independent accountant to perform certain audit and non-audit services. Pursuant to this policy, which is designed to assure that such engagements do not impair the independence of our auditors, the audit committee pre-approves annually all audit services, audit related services, tax services and other services as described above, that may be performed by our independent accountants. All of the audit and non-audit services provided by our principal accountants have been pre-approved by our Audit Committee.

2019
2018
(U.S. $ in thousands)
Audit fees (1)
$2,980
$3,469
Audit-related fees (2)
648
447
Tax fees (3)
220
238
Other fees (4)
8
3
Total
$3,856
$4,157


Question: Analyse this data from a financial earnings document. What is the change in total fees between fiscal years 2018 and 2019?
Choices:
8013
0
-301
301
1
Correct choice index: 2
Issuer Purchases of Equity Securities
(a) During the fourth quarter of 2015, Lifeway publicly announced a share repurchase program. On November 1, 2017, the our Board of Directors amended the 2015 stock repurchase program (the “2017 amendment”), by adding to (i.e., exclusive of the shares previously authorized under the 2015 stock program repurchase) the authorization the lesser of $5,185 or 625 shares. The program has no expiration date.

Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of a publicly announced program (a)
Approximate Dollar Value of Shares that may yet be Purchased under the Plans or Programs ($ in thousands)
1/1/2018 to 1/31/2018
106,441
$ 8.22
106,441
$ 5,007
2/1/2018 to 2/28/2018
24,486
$ 7.21
24,486
$ 4,830
4/1/2018 to 4/30/2018
15,433
$ 6.09
15,433
$ 4,736
6/1/2018 to 6/30/2018
4,143
$ 5.46
4,143
$ 4,714
8/1/2018 to 8/31/2018
1,332
$ 3.96
1,332
$ 4,709
9/1/2018 to 9/30/18
40,364
$ 3.35
40,364
$ 4,573
11/1/2018 to 11/30/18
17,228
$ 2.99
17,228
$ 4,522
12/1/2018 to 12/31/18
8,305
$ 2.25
8,305
$ 4,503
Fiscal Year 2018
217,732
$ 6.33
217,732
$ 4,503
1/1/2019 to 1/31/2019
46,743
$ 2.54
46,743
$ 4,384
2/1/2019 to 2/28/2019
9,100
$ 2.75
9,100
$ 4,358
3/1/2019 to 3/31/2019
26,932
$ 2.24
26,932
$ 4,298
4/1/2019 to 4/30/2019
4,300
$ 2.24
4,300
$ 4,288
5/1/2019 to 5/31/2019
57,817
$ 2.49
57,817
$ 4,145
6/1/2019 to 6/30/2019
11,146
$ 2.32
11,146
$ 4,119
8/1/2019 to 8/31/2019
37,567
$ 2.69
37,567
$ 4,018
9/1/2019 to 9/30/2019
17,531
$ 2.98
17,531
$ 3,965
Fiscal Year 2019
211,136
$ 2.55
211,136
$ 3,965


Question: Analyse this data from a financial earnings document. What is the change in the total number of shares purchased between fiscal years 2018 and 2019?
Choices:
0
6596
211127
-6596
428868
Correct choice index: 3
transfer agent and registrar for common stock the transfer agent and registrar for our common stock is : computershare shareowner services llc 480 washington boulevard 29th floor jersey city , new jersey 07310 telephone : ( 877 ) 363-6398 sales of unregistered securities not applicable .
repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2014 to december 31 , 2014 .
total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .

Total Number ofShares (or Units)Purchased<sup>1</sup>
Average Price Paidper Share (or Unit)<sup>2</sup>
Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs<sup>3</sup>
Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs<sup>3</sup>
October 1 - 31
5,854,930
$18.93
5,849,517
$159,819,370
November 1 - 30
4,266
$20.29
—
$159,819,370
December 1 - 31
826,744
$19.67
826,639
$143,559,758
Total
6,685,940
$19.02
6,676,156

1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
we repurchased 5413 withheld shares in october 2014 , 4266 withheld shares in november 2014 and 105 withheld shares in december 2014 .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our stock repurchase program .
3 in february 2014 , the board authorized a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2014 share repurchase program 201d ) .
on february 13 , 2015 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .
the new authorization is in addition to any amounts remaining available for repurchase under the 2014 share repurchase program .
there is no expiration date associated with the share repurchase programs. .

Question: Analyse this data from a financial earnings document. what was the total amount of share repurchase authorized in 2015 and 2014 by the board in milions
Choices:
900
320
600.0
0
303
Correct choice index: 2
16. PRODUCT WARRANTIES
We establish a product warranty liability at the time of revenue recognition. Product warranties generally have terms of 12 months and cover nonconformance with specifications and defects in material or workmanship. For sales to distributors, our warranty generally begins when the product is resold by the distributor. The liability is based on estimated costs to fulfill customer product warranty obligations and utilizes historical product failure rates. Should actual warranty obligations differ from estimates, revisions to the warranty liability may be required.
Product warranty liability activity is as follows (in thousands):

Fiscal Years  
2019
2018
2017
Balance — beginning of year
$5,756
$3,672
$1,039
(Divested)/acquired
—
(49)
952
Provisions/(expense)
(3,053)
1,865
1,737
Direct charges/(payments)
570
268
(56)
Balance — end of year
$3,273
$5,756
$3,672


Question: Analyse this data from a financial earnings document. What is the average Direct charges/(payments) for 2017-2019?
Choices:
298
0.82
260.67
190
838
Correct choice index: 2
LIQUIDITY AND CAPITAL RESOURCES
The Company’s cash and cash equivalents increased to $93,628 at June 30, 2019 from $31,440 at June 30, 2018. Cash at the end of fiscal 2018 was lower due primarily to the acquisition of Ensenta and higher repayment of debt in fiscal 2018.
The following table summarizes net cash from operating activities in the statement of cash flows:
Cash provided by operating activities increased 5% compared to fiscal 2018. Cash from operations is primarily used to repay debt, pay dividends and repurchase stock, and for capital expenditures.

Year Ended
June 30
2019
2018
Net income
$271,885
$365,034
Non-cash expenses
180,987
87,906
Change in receivables
(11,777)
21,489
Change in deferred revenue
23,656
1,255
Change in other assets and liabilities
(33,623)
(63,542)
Net cash provided by operating activities
$431,128
$412,142


Question: Analyse this data from a financial earnings document. What is the average net income for 2018 and 2019?
Choices:
342013.5
318459.5
182532
318459500000
636919
Correct choice index: 1
federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2010 reconciliation of accumulated depreciation and amortization ( in thousands ) .

Balance, December 31, 2007
$756,703
Additions during period—depreciation and amortization expense
101,321
Deductions during period—disposition and retirements of property
(11,766)
Balance, December 31, 2008
846,258
Additions during period—depreciation and amortization expense
103,698
Deductions during period—disposition and retirements of property
(11,869)
Balance, December 31, 2009
938,087
Additions during period—depreciation and amortization expense
108,261
Deductions during period—disposition and retirements of property
(11,144)
Balance, December 31, 2010
$1,035,204

.

Question: Analyse this data from a financial earnings document. how bigger are the additions in comparison with the deductions during 2009?
Choices:
773.68776
1656.11239
-973.68776
-755829.31224
0
Correct choice index: 0
ADJUSTED EBITDA
(1) For the three-month period ended August 31, 2019, the average foreign exchange rate used for translation was 1.3222 USD/CDN.
(2) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy as well as to reclassify results from Cogeco Peer 1 as discontinued operations. For further details, please consult the "Accounting policies" and "Discontinued operations" sections.
(3) Fiscal 2019 actuals are translated at the average foreign exchange rate of the comparable period of fiscal 2018 which was 1.3100 USD/CDN.
Fiscal 2019 fourth-quarter adjusted EBITDA increased by 4.6% (4.3% in constant currency) as a result of: • an increase in the American broadband services segment mainly as a result of strong organic growth combined with the impact of the FiberLight acquisition; and • an increase in the Canadian broadband services segment resulting mainly from a decline in operating expenses.

Three months ended August 31,
2019 (1)
2018 (2)
Change
Change in constant currency (3)
Foreign exchange impact (3)
(in thousands of dollars, except percentages)
$
$
%
%
$
Canadian broadband services
172,120
166,181
3.6
3.6
(73)
American broadband services
115,523
109,937
5.1
4.1
1,057
Inter-segment eliminations and other
(12,033)
(12,707)
(5.3)
(5.3)
2
275,610
263,411
4.6
4.3
986


Question: Analyse this data from a financial earnings document. What was the average American broadband services from 2018 to 2019?
Choices:
225460
112730
-112730
-42540
57762
Correct choice index: 1
.

Years ended December 31
2018
2017
2016
Statutory tax rate
19.0%
19.3%
20.0%
U.S. state income taxes, net of U.S. federal benefit
(0.4)
(1.5)
0.4
Taxes on international operations<sup>(1)</sup>
(7.3)
(30.3)
(12.2)
Nondeductible expenses
2.7
3.4
1.4
Adjustments to prior year tax requirements
0.9
2.0
(1.2)
Adjustments to valuation allowances
3.8
(1.8)
(2.2)
Change in uncertain tax positions
0.9
1.6
3.2
Excess tax benefits related to shared based compensation<sup>(2)</sup>
(3.6)
(8.0)
—
U.S. Tax Reform impact<sup>(3)</sup>
7.1
51.2
—
Loss on disposition
(10.2)
—
—
Other — net
(1.2)
0.6
1.2
Effective tax rate
11.7%
36.5%
10.6%

( 1 ) the company determines the adjustment for taxes on international operations based on the difference between the statutory tax rate applicable to earnings in each foreign jurisdiction and the enacted rate of 19.0% ( 19.0 % ) , 19.3% ( 19.3 % ) and 20.0% ( 20.0 % ) at december 31 , 2018 , 2017 , and 2016 , respectively .
the benefit to the company 2019s effective income tax rate from taxes on international operations relates to benefits from lower-taxed global operations , primarily due to the use of global funding structures and the tax holiday in singapore .
the impact decreased from 2017 to 2018 primarily as a result of the decrease in the u.s .
federal tax ( 2 ) with the adoption of asu 2016-09 in 2017 , excess tax benefits and deficiencies from share-based payment transactions are recognized as income tax expense or benefit in the company 2019s consolidated statements of income .
( 3 ) the impact of the tax reform act including the transition tax , the re-measurement of u.s .
deferred tax assets and liabilities from 35% ( 35 % ) to 21% ( 21 % ) , withholding tax accruals , and the allocation of tax benefit between continuing operations and discontinued operations related to utilization of foreign tax credits. .

Question: Analyse this data from a financial earnings document. what is the difference between the statutory tax rate and the effective tax rate for international operations in 2018?
Choices:
-1.39
0.022
-0.073
0.307
0.073
Correct choice index: 2
18. Geographic Information
Property and equipment, net by geography was as follows:
No individual international country represented more than 10% of property and equipment, net in any period presented.

Year Ended December31,
2019
2018
U.S.
200.4
231.0
International
58.2
68.0
$258.6
$299.0


Question: Analyse this data from a financial earnings document. What is the average net property and equipment for 2018 and 2019 in U.S?
Choices:
1
-15.3
21570
0.4
215.7
Correct choice index: 4