trismik/FinRAG huggingface dataset:
The line “Construction in progress” in the table above includes property, plant and equipment under construction and equipment under qualification before operating.
On January 1, 2019, the Company adopted the new guidance on lease accounting and lease right-of-use assets are included in plant, property and equipment. The impact of the adoption of this new guidance is further described in Note 11.
The depreciation charge was $785 million, $727 million and $592 million in 2019, 2018 and 2017, respectively.
As described in Note 7, the acquisition of Norstel resulted in the recognition of property, plant and equipment of $11 million.

December 31, 2019
Gross Cost
Accumulated Depreciation
Net Cost
Land
78
—
78
Buildings
905
(505)
400
Facilities & leasehold improvements
3,193
(2,762)
431
Machinery and equipment
15,336
(12,790)
2,546
Computer and R&D equipment
382
(335)
47
Operating lease right-of-use assets
266
(60)
206
Other tangible assets
110
(93)
17
Construction in progress
282
—
282
Total
20,552
(16,545)
4,007
December 31, 2018
Gross Cost
Accumulated Depreciation
Net Cost
Land
79
—
79
Buildings
902
(487)
415
Facilities & leasehold improvements
3,170
(2,748)
422
Machinery and equipment
14,882
(12,582)
2,300
Computer and R&D equipment
381
(334)
47
Other tangible assets
123
(93)
30
Construction in progress
202
—
202
Total
19,739
(16,244)
3,495


Question: Analyse this data from a financial earnings document. What is the average Net Cost?
Choices:
2043
-6525
3751
-3751
4
Correct choice index: 2
3.3 Fair value estimation The table below analyses the Group’s financial instruments carried at fair value as at 31 December 2019 by level of the inputs to valuation techniques used to measure fair value. Such inputs are categorised into three levels within a fair value hierarchy as follows:
Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1);
Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2); and
Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3).
The fair value of financial instruments traded in active markets is determined with reference to quoted market prices at the end of the reporting period. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. These instruments are included in level 1.
The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required for evaluating the fair value of a financial instrument are observable, the instrument is included in level 2.
If one or more of the significant inputs are not based on observable market data, the instrument is included in level 3.
Specific valuation techniques used to value financial instruments mainly include: • Dealer quotes for similar instruments; • The fair value of interest rate swaps is calculated as the present value of the estimated future cash flows based on observable yield curves; and • Other techniques, such as discounted cash flow analysis, are used to determine fair value for financial instruments.

Level 1
Level 2
Level 3
Total
RMB’Million
RMB’Million
RMB’Million
RMB’Million
As at 31 December 2019
FVPL
14,766
5,091
116,079
135,936
FVOCI
74,707
–
7,014
81,721
OFA
–
375
–
375
Other financial liabilities
–
523
1,873
2,396
As at 31 December 2018
FVPL
10,875
5,009
81,993
97,877
FVOCI
41,578
–
1,941
43,519
OFA
–
2,032
–
2,032
Other financial liabilities
–
40
4,466
4,506


Question: Analyse this data from a financial earnings document. How much did the level 2 OFA change by from 2018 year end to 2019 year end?
Choices:
762000
-1657
2407
95845
0
Correct choice index: 1
In 2019, Global Financing delivered external revenue of $1,400 million and total revenue of $2,632 million, with a decrease in gross margin of 2.7 points to 58.8 percent. Total pre-tax income of $1,055 million decreased 22.5 percent compared to 2018 and return on equity decreased 5.0 points to 25.8 percent.
Global Financing total revenue decreased 17.8 percent compared to the prior year. This was due to a decrease in internal revenue of 23.5 percent, driven by decreases in internal used equipment sales (down 27.4 percent to $862 million) and internal financing (down 12.6 percent to $370 million). External revenue declined 11.9 percent due to decreases in external financing (down 8.5 percent to $1,120 million) and external used equipment sales (down 23.4 percent to $281 million).
The decrease in internal financing revenue was due to lower average asset balances, partially offset by higher asset yields. The decrease in external financing revenue reflects the wind down of the OEM IT commercial financing operations.
Sales of used equipment represented 43.4 percent and 48.5 percent of Global Financing’s revenue for the years ended December 31, 2019 and 2018, respectively. The decrease in 2019 was due to a lower volume of internal used equipment sales. The gross profit margin on used sales was 52.2 percent and 54.2 percent for the years ended December 31, 2019 and 2018, respectively. The decrease in the gross profit margin was driven by lower margins on internal used equipment sales.
Global Financing pre-tax income decreased 22.5 percent year to year primarily driven by a decrease in gross profit ($422 million), partially offset by a decrease in total expense ($115 million), which was mainly driven by a decline in IBM shared expenses in line with the segment’s performance, a lower provision for credit losses and a gain from the sale of certain commercial financing capabilities in the first quarter of 2019.
The decrease in return on equity from 2018 to 2019 was primarily due to lower net income. Refer to page 45 for the details of the after-tax income and return on equity calculations.

($ in millions)
For the year ended December 31:
2019
2018
Yr.-to-Yr. Percent Change
External revenue
$1,400
$1,590
(11.9) %
Internal revenue
1,232
1,610
(23.5)
Total revenue
$2,632
$3,200
(17.8) %
Pre-tax income
$1,055
$1,361
(22.5) %


Question: Analyse this data from a financial earnings document. What is the increase / (decrease) in the internal revenue from 2018 to 2019?
Choices:
-378
-358
-994896
-490
-1968
Correct choice index: 0
PSU plan
The Corporation also offers a Performance Share Unit ("PSU") Plan for the benefit of its executive officers and designated employees. The objectives of the PSU Plan are to retain executive officers and designated employees, to align their interests with those of the shareholders and to sustain positive corporate performance, as measured by an economic value creation formula, a performance measure used by management.
The number of PSUs is based on the dollar value of the award and the average closing stock price of the Corporation for the previous twelve month period ending August 31. The PSUs vest over a three-year less one day period, based on the level of increase in the economic value of the Corporation or the relevant subsidiary for the preceding three-year period ending August 31, meaning that no vesting will occur if there is no increase in the economic value.
The participants are entitled to receive dividend equivalents in the form of additional PSUs but only with respect to vested PSUs. PSUs are redeemable in case of death, permanent disability, normal retirement or termination of employment not for cause, in which cases, the holder of PSUs is entitled to payment of the PSUs in proportion to the time of employment from the date of the grant to the date of termination versus the three-year less one day vesting period.
A trust was created for the purpose of purchasing these shares on the stock market in order to protect against stock price fluctuation and the Corporation instructed the trustee to purchase subordinate voting shares of the Corporation on the stock market. These shares are purchased and are held in trust for the participants until they are fully vested. The trust, considered as a special purpose entity, is consolidated in the Corporation’s financial statements with the value of the acquired subordinate voting shares held in trust under the PSU Plan presented in reduction of share capital.
Under the PSU Plan, the following PSUs were granted by the Corporation and are outstanding at August 31: Years ended August 31, 2019
(1) For the year ended August 31, 2019, the Corporation granted 14,625 (19,025 in 2018) PSUs to Cogeco's executive officers as executive officers of the Corporation.
A compensation expense of $1,400,000 ($2,198,000 in 2018) was recorded for the year ended August 31, 2019 related to this plan.

Years ended August 31,
2019
2018
Outstanding, beginning of the year
133,181
115,207
Granted (1)
45,800
65,525
Performance-based additional units granted
200
2,639
Distributed
(43,319)
(41,441)
Cancelled
(31,889)
(12,184)
Dividend equivalents
3,578
3,435
Outstanding, end of the year
107,551
133,181


Question: Analyse this data from a financial earnings document. What is the increase / (decrease) in the granted from 2018 to 2019?
Choices:
77689
2132475
-1972500
111325
-19725
Correct choice index: 4
Equity in net earnings of affiliates:
As of December 31, 2019, we held a 32.0% (2018: 32.0%) ownership interest in Golar Partners (including our 2% general partner interest) and 100% of the incentive distribution rights ("IDRs"). The decrease in the share of net earnings in Golar Partners is due to a decrease in underlying performance of Golar Partners and fair value adjustment for the year ended December 31, 2019. The decrease in the share of net earnings in Golar Partners is offset by the movement of the impairment charge of $149.4 million recognized for the year ended December 31, 2018.
The share of net earnings in other affiliates represents our share of equity in Egyptian Company for Gas Services S.A.E ("ECGS") and Avenir LNG Limited ("Avenir"). During the year ended December 31, 2018 we recognized negative goodwill of $3.8 million in equity in net earnings of affiliates to reflect our bargain purchase of Avenir. Refer to note 14 "Investment in Affiliates" of our consolidated financial statements included herein for further details.

December 31,
(in thousands of $)
2019
2018
Change
% Change
Share in net (loss)/earnings in Golar Partners
(20,050)
7,001
(27,051)
(386)%
Impairment of investment in Golar Partners
—
(149,389)
149,389
100%
Share of net (losses)/earnings in other affiliates
(2,515)
3,711
(6,226)
(168)%
(22,565)
(138,677)
116,112
(84)%


Question: Analyse this data from a financial earnings document. What was the percentage change in impairment of investment in Golar Partners?
Choices:
-149
100
-1
0
-100
Correct choice index: 4
2 Alternative performance measures continued
Net debt to earnings before interest, tax, depreciation and amortisation (EBITDA)
To assess the size of the net debt balance relative to the size of the earnings for the Group, we analyse net debt as a proportion of EBITDA. EBITDA is calculated by adding back depreciation and amortisation of owned property, plant and equipment, software and development to adjusted operating profit. Net debt excludes IFRS 16 lease liabilities. The net debt to EBITDA ratio is calculated as follows:
The components of net debt are disclosed in Note 24.

2019
2018
£m
£m
Adjusted operating profit
282.7
264.9
Depreciation and amortisation of property, plant and equipment, software and development
34.3
32.9
Earnings before interest, tax, depreciation and amortisation
317.0
297.8
Net debt
295.2
235.8
Net debt to EBITDA
0.9
0.8


Question: Analyse this data from a financial earnings document. What was the change in net debt from 2018 to 2019?
Choices:
59.4
30.3
531
-234.9
-59.4
Correct choice index: 0
Commitments
At March 31, 2019, we had contractual obligations in the form of non-cancellable operating leases and debt, including interest payments (see Note 3, “Debt” and Note 15, “Commitments and Contingencies” to our consolidated financial statements), European social security, pension benefits, other post-retirement benefits, inventory purchase obligations, fixed asset purchase obligations, acquisition related obligations, and construction obligations as follows (amounts in thousands):
(1) Refer to Note 3, “Debt” for additional information. Repayment of the Customer Capacity Agreements assumes the customers purchase products in a quantity sufficient to require the maximum permitted debt repayment amount per quarter.
(2) Reflects expected benefit payments through fiscal year 2029.
(3) In addition to amounts reflected in the table, an additional $2.9 million has been recorded in the line item "Accrued expenses," for which the timing of payment has not been determined.

Payment Due by Period
Contractual obligations
Total
Year 1
Years 2 - 3
Years 4 - 5
More than 5 years
Debt obligations (1)
$305,927
$28,430
$59,509
$55,708
$162,280
Interest obligations (1)
28,200
6,326
11,039
8,928
1,907
Operating lease obligations
48,311
10,898
14,302
9,402
13,709
Pension and other post-retirement benefits (2)
94,178
6,758
15,184
18,024
54,212
Employee separation liability
7,640
594
674
674
5,698
Restructuring liability
2,181
1,869
312
—
—
Purchase commitments
31,468
31,468
—
—
—
Capital lease obligations
2,049
993
888
168
—
Anti-trust fines and settlements (3)
34,880
21,712
10,203
2,965
—
Total
$554,834
$109,048
$112,111
$95,869
$237,806


Question: Analyse this data from a financial earnings document. What was the difference between the payments due by Year 1 between Interest obligations and operating lease obligations?
Choices:
4572
2602
17224
-4457
5
Correct choice index: 0
Expected Future Rate
Over the medium-term the tax rate is likely to stabilise as the integration of acquisitions in higher rate jurisdictions are completed. However, the tax rate may fluctuate if business changes are implemented in response to legislation arising from the OECD’s Base Erosion & Profit Shifting Project. Legislative change in key territories is being monitored and acted upon.
The Group does not anticipate any significant impact on the future tax charge, liabilities or assets, as a result of the triggering of Article 50(2) of the Treaty on European Union, but cannot rule out the possibility that, for example, a failure to reach satisfactory arrangements for the UK’s future relationship with the European Union, could have an impact on such matters.
The European Commission has concluded its investigation into the UK’s controlled foreign company (“CFC”) rules. The CFC rules levy a charge on foreign entities controlled by the UK that are subject to a lower rate of tax, however there is currently an exemption available for 75% of this charge if the activities being undertaken by the CFC relate to financing. The EC concluded that this exemption is in breach of EU State Aid rules. However, whilst we are awaiting further detail from HMRC, the position has not changed from a tax accounting perspective. The risk is possible, but not probable. UK ministers have yet to decide on whether to pursue an appeal. No provision for this potential liability of $3.6M has been provided in these Consolidated Financial Statements as it is not clear what, if any, the ultimate financial result will be.
Deferred tax assets and liabilities are attributable to the following:
As at 31 March 2019 the aggregate amount of temporary differences associated with undistributed earnings of subsidiaries for which deferred tax liabilities have been recognised was $Nil (2018: $Nil). No liability has been recognised because the Group is in a position to control the reversal of temporary differences and it is probable that such differences will not reverse in the foreseeable future.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realised or the liability settled, based on tax rates that have been enacted or substantively enacted at the reporting date.

31 March 2019
31 March 2018 Restated See note 2
$M
$M
Deferred income tax assets in relation to:
Deferred revenue
40.9
40.0
Tax value of carry forward losses of UK subsidiaries
37.0
24.2
Tax value of carry forward losses of overseas subsidiaries
6.2
6.4
Advanced capital allowances
7.5
7.7
Share-based payments
11.6
27.7
Other temporary differences
11.8
14.7
Total
115.0
120.7
Deferred income tax liabilities in relation to:
Intangible assets
6.1
5.9
Deferred selling cost
8.5
8.5
Other temporary differences
-
0.1
Total
14.6
14.5


Question: Analyse this data from a financial earnings document. What was the percentage change in deferred value in 2019 from 2018?
Choices:
0.9
100
2.2
2.25
2.72
Correct choice index: 3
3.3 Fair value estimation (continued)                                                       If one or more of the significant inputs are not based on observable market data, the instrument is included in level 3.
Specific valuation techniques used to value financial instruments mainly include:
Dealer quotes for similar instruments;
The fair value of interest rate swaps is calculated as the present value of the estimated future cash flows based on observable yield curves; and
Other techniques, such as discounted cash flow analysis, are used to determine fair value for financial instruments.
During the year ended 31 December 2019, there was 1 transfer between level 1 and 2 for recurring fair value measurements. For transfers in and out of level 3 measurements see the following table, which presents the changes of financial instruments in level 3 for the years ended 31 December 2019 and 2018:

Financial assets
Financial liabilities
2019
2018
2019
2018
RMB’Million
RMB’Million
RMB’Million
RMB’Million
Opening balance – IAS 39
77,131
2,154
Adjustment on adoption of IFRS 9
22,976
–
Opening balance – IFRS 9
83,934
100,107
4,466
2,154
Additions
39,116
51,185
75
3,301
Business combination
–
–
(977)
–
Disposals/Settlements
(6,714)
(9,899)
(1,193)
–
Transfers
(4,552)
(93,151)
–
–
Changes in fair value recognised in other comprehensive income
328
261
–
–
Changes in fair value recognised in profit or loss*
9,241
30,485
(463)
(1,063)
Currency translation differences
1,740
4,946
(35)
74
Closing balance
123,093
83,934
1,873
4,466
* Includes unrealised gains or (losses) recognised in profit or loss attributable to balances held at the end of the reporting period
3,265
6,861
(463)
(1,063)


Question: Analyse this data from a financial earnings document. How much is the change between 2018 and 2019 currency translation differences of financial assets?
Choices:
-133
-2726
-38
3206
-3206
Correct choice index: 4
Cost of revenues. Cost of revenues increased by 20% to RMB59,659 million for the fourth quarter of 2019 on a year-on-year basis. The increase was mainly due to greater costs of FinTech services, channel costs and content costs. As a percentage of revenues, cost of revenues decreased to 56% for the fourth quarter of 2019 from 59% for the fourth quarter of 2018. The following table sets forth our cost of revenues by line of business for the fourth quarter of 2019 and the fourth quarter of 2018:
Cost of revenues for VAS increased by 28% to RMB26,120 million for the fourth quarter of 2019 on a year-on-year basis. The increase mainly reflected greater channel costs for smart phone games due to increased revenues, including the channel costs attributable to Supercell, as well as higher content costs for services and products such as live broadcast services, online games and music streaming.
Cost of revenues for FinTech and Business Services increased by 32% to RMB21,520 million for the fourth quarter of 2019 on a year-on-year basis. The increase was primarily driven by scale expansion of our payment-related services and cloud business.
Cost of revenues for Online Advertising decreased by 14% to RMB9,241 million for the fourth quarter of 2019 on a year-on-year basis. The decrease was mainly due to lower content costs for video advertising as a result of fewer major content releases, and to cost management.

Unaudited
Three months ended
31 December 2019
31 December 2018
% of
% of
segment
segment
Amount
revenues
Amount
revenues
(Restated)
(Restated)
(RMB in millions, unless specified)
VAS
26,120
50%
20,330
47%
FinTech and Business Services
21,520
72%
16,310
76%
Online Advertising
9,241
46%
10,800
63%
Others
2,778
84%
2,304
88%
Total cost of revenues
59,659
49,744


Question: Analyse this data from a financial earnings document. What is the change in costs of Online Advertising revenue between the fourth quarter of 2018 and 2019?
Choices:
-1559
1559
2
10800
10799
Correct choice index: 1
Financials
1. EBITDA is a non-IFRS term, defined as earnings before interest, tax, depreciation and amortisation, and excluding net foreign exchange gains (losses).
2. NPATA is a non-IFRS term, defined as net profit after tax, excluding tax-effected amortisation of acquired intangibles. This is used to determine EPSa as disclosed here and in the audited Remuneration Report.
3. Underlying EBITDA, underlying NPAT and underlying NPATA exclude separately disclosed items, which represent the transaction and other restructuring costs associated with the Sigma acquisition (2018: Enoro acquisition) and the exiting of a premises lease in the Americas. Further details of the separately disclosed items are outlined in Note 4 to the Financial Report.
Operating revenue for FY19 was $231.3 million, $0.5 million up on FY18. With Sigma contributing $5.0 million of revenue in June (the first month since acquisition), revenues for the remainder of Hansen excluding Sigma were $4.5 million lower. This decline was a result of lower non-recurring revenues, due primarily to both lower one-off licence fees and reduced project work following the large body of work completed in the first half of FY18 associated with implementing Power of Choice in Australia. Conversely, recurring revenues grew to represent 63% of total operating revenue.
Underlying EBITDA for the year was $55.8 million, 7.0% down on the $60.0 million in FY18. This resulted in an underlying EBITDA margin decline to 24.1% from 26.0% in FY18. Sigma only contributed a modest $0.1 million of EBITDA in June, which we do not see as representative of the business going forward. Excluding Sigma, the underlying EBITDA margin was 24.6%. This reduced margin was the direct result of the lower non-recurring revenue, as we were able to maintain operating expenses at the same level as FY18, even after the investment in the Vietnam Development Centre.

A$ Million
FY19
FY18
Variance %
Operating revenue
231.3
230.8
0.2%
Underlying EBITDA 1, 3
55.8
60.0
(7.0%)
Underlying NPAT 3
24.0
29.5
(18.7%)
Underlying NPATA 2, 3
33.7
38.7
(12.9%)
Basic EPS based on underlying NPATA (cents) 2
17.1
19.8
(13.6%)


Question: Analyse this data from a financial earnings document. What was the difference between EBITDA and NPAT for FY18?
Choices:
-30.5
30.5
-29.3
30500000
89.5
Correct choice index: 1