Question: What is the difference between the number of company-operated and franchise restaurants if the number of company-operated restaurants is 500 instead?

Answer: 1606

Context:
Legislation and regulations regarding our products and ingredients, including the nutritional content of our products, could impact customer preferences and negatively impact our financial results. Changes in government regulation and consumer eating habits may impact the ingredients and nutritional content of our menu offerings, or require us to disclose the nutritional content of our menu offerings. For example, a number of states, counties, and cities have enacted menu labeling laws requiring multi-unit restaurant operators to disclose certain nutritional information to customers, or have enacted legislation restricting the use of certain types of ingredients in restaurants. Furthermore, the Affordable Care Act requires chain restaurants to publish calorie information on their menus and menu boards. These and other requirements may increase our expenses, slow customers’ ordering process, or negatively influence the demand for our offerings; all of which can impact sales and profitability. Compliance with current and future laws and regulations in a number of areas, including with respect to ingredients, nutritional content of our products, and packaging and serviceware may be costly and time-consuming. Additionally, if consumer health regulations change significantly, we may be required to modify our menu offerings or packaging, and as a result, may experience higher costs or reduced demand associated with such changes. Some government authorities are increasing regulations regarding trans-fats and sodium. While we have removed all artificial or “added during manufacturing” trans fats from our ingredients, some ingredients have naturally occurring trans-fats. Future requirements limiting trans-fats or sodium content may require us to change our menu offerings or switch to higher cost ingredients. These actions may hinder our ability to operate in some markets or to offer our full menu in these markets, which could have a material adverse effect on our business. If we fail to comply with such laws and regulations, our business could also experience a material adverse effect. Failure to obtain and maintain required licenses and permits or to comply with food control regulations could lead to the loss of our food service licenses and, thereby, harm our business. We are required, as a restaurant business, under state and local government regulations to obtain and maintain licenses, permits, and approvals to operate our businesses. Such regulations are subject to change from time to time. Any failure by us or our franchisees to obtain and maintain these licenses, permits, and approvals could adversely affect our financial results. The following table sets forth information regarding our operating restaurant properties as of September 29, 2019:

	Company-

	Operated	Franchise	Total

Company-owned restaurant buildings:

On company-owned land	9	200	209

On leased land	54	581	635

Subtotal	63	781	844

Company-leased restaurant buildings on leased land	74	1,054	1,128

Franchise directly-owned or directly-leased restaurant buildings	—	271	271

Total restaurant buildings	137	2,106	2,243


Question: What is the percentage constitution of company-operated restaurants among the total restaurants if the total number of restaurants is 2,500 instead?

Answer: 5.48


Question: What is the percentage constitution of franchise restaurant on leased land in the total number of franchise buildings if the total number of franchise buildings is 2,200 instead?

Answer: 26.41


Question: Which type of officer would have the longest protected period if the protected period for Other Executives is 2.5 years?

Answer: Other Executives

Context:
COMPENSATION DISCUSSION AND ANALYSIS IV. Our 2019 Compensation Program and Components of Pay The table below shows (i) the length of the “protected period” afforded to officers following a change of control and (ii) the multiple of salary and bonus payment and years of welfare benefits to which officers will be entitled if change of control benefits become payable under our agreements and related policies: For more information on change of control arrangements applicable to our executives, including our rationale for providing these benefits, see “Executive Compensation—Potential Termination Payments—Payments Made Upon a Change of Control.” For information on change of control severance benefits payable to our junior officers and managers, see “—Severance Benefits” in the next subsection below.

	Protected Period	Multiple of Annual Cash Compensation	Years of Welfare Benefits

CEO	2 years	3 times	3 years

Other Executives	1.5 years	2 times	2 years

Other Officers	1 year	1 time	1 year


Question: What would the difference in the protected period between CEO and Other Executives be if the protected period for Other Executives is 1 year?

Answer: 1


Question: What would the average protected period be if the protected period for Other Executives is 3 years??

Answer: 2


Question: What would be the percentage change in contract assets between 2018 and 2019 if the value in 2019 is increased by $50,000?

Answer: 51.12

Context:
Contract assets and deferred revenue (1) Included in other current assets. (2) Included in other long-term assets. (3) Included in other long-term liabilities. Contract assets are client committed amounts for which revenue recognized exceeds the amount billed to the client and the right to payment is subject to conditions other than the passage of time, such as the completion of a related performance obligation. Deferred revenue consists of billings and payments received in advance of revenue recognition. Contract assets and deferred revenue are netted at the contract level for each reporting period. The change in deferred revenue in the year ended December 31, 2019 was primarily due to new billings in advance of revenue recognition, partially offset by revenue recognized during the period that was included in deferred revenue at December 31, 2018.

(in thousands)	December 31, 2019	December 31, 2018

Contract assets (1)	$5,558	$3,711

Long-term contract assets (2)	5,420	2,543

	$10,978	$6,254

Deferred revenue	$190,080	$185,145

Long-term deferred revenue (3)	5,407	5,344

	$195,487	$190,489


Question: What would be the percentage change in long-term contract assets between 2018 and 2019 if the value in 2019 is increased by 10%?

Answer: 134.45


Question: What would be the percentage change in long-term deferred revenue between 2018 and 2019 if the 2019 long-term deferred revenue is instead $5,550,000?

Answer: 3.85


Question: What would be the accelerated vesting of Robert Dooley's unvested restricted stock units for termination by Systemax without "cause" or termination due to death if the total value is halved and then decreased by 10,000?

Answer: 1250

Context:
(1) Represents accelerated vesting of 48,849 stock options. Pursuant to Mr. Dooley’s stock option agreements (dated January 17, 2019), if Mr. Dooley’s employment is terminated without cause or for good reason within six months following a “change in control”, he will become immediately vested in all outstanding unvested stock options, and all of Mr. Dooley’s outstanding options shall remain exercisable in accordance with their terms, but in no event for less than 90 days after such termination. (2) Represents accelerated vesting of 15,000 unvested restricted stock units. Pursuant to Mr. Dooley’s restricted stock unit agreement (dated March 1, 2012), upon a “change in control” all non-vested units shall accelerate and be vested as of the date of the “change in control” and if Mr. Dooley’s employment is terminated without cause or for good reason, all non-vested units shall accelerate and be vested as of the date of termination (3) Represents accelerated vesting of 7,500 unvested restricted stock units. Pursuant to Mr. Dooley’s restricted stock unit agreement (dated March 1, 2012), on the event of Mr. Dooley’s death or total disability, 7,500 restricted stock units (50% of the unvested restricted stock units granted under such agreement at December 31, 2018) would vest. (4) Represents accelerated vesting of 10,630 unvested performance restricted stock units. Pursuant to Mr. Dooley's performance restricted stock unit agreement (dated January 17, 2019), if Mr. Dooley’s employment is terminated without cause or for good reason within six months following a “change in control” or if Mr. Dooley's employment is terminated due to death or total disability, all non-vested units shall accelerate and be vested as of the date of termination.

Type of Payment	Termination by Systemax without “Cause” or Resignation by Employee for “good reason” ($)	Termination Due to Death or Total Disability ($)	Change In Control Only ($)	Termination by Systemax without “Cause” or Resignation by Employee for “good reason” within a certain period of time following a Change in Control ($)

Cash Compensation (Salary & Non-Equity Incentive Compensation)	-	-	-	-

Value of Accelerated Vesting of Stock Option Awards	-	-	-	505,100 (1)

Value of Accelerated Vesting of Restricted Stock Unit Awards	377,400 (2)	188,700 (3)	377,400 (2)	-

Value of Accelerated Vesting of Performance Restricted Stock Unit Awards	-	267,500 (4)	-	267,500 (4)

Medical and Other Benefits	-	-	-	-

Total	377,400	456,200	377,400	772,600


Question: What would be the total accelerated vesting of Robert Dooley's stock options and unvested performance restricted stock units if the number of stock options decreased by 5%?

Answer: 57036.55


Question: What would be the percentage of payment due as a result of change in control as a percentage of the payment due to termination without cause within a certain period following a change in control if the latter is increased by 40,000?

Answer: 46.44


Question: How many categories of accrued liabilities are there, if "Other accrued expenses" were further split into 3 categories A, B and C?

Answer: 5

Context:
7. ACCRUED LIABILITIES Other accrued expenses consisted of the following at December 31, 2019 and 2018 (in thousands): Advances are amounts received from litigation counsel as advanced reimbursement of out-of-pocket expenses expected to be incurred by us. Board compensation of $0.4 million at December 31, 2019 and 2018 represents accrued and unpaid board and committee fees from prior periods. In the first quarter of 2020, current and prior board members agreed to waive unpaid cash fees in exchange for share-based compensation awards with an aggregate grant-date fair value of approximately $0.1 million (see Note 18).

	2019	2018

Advances	500	-

Board compensation	413	413

Other accrued expenses	168	150

	$1,081	$563


Question: Which is the largest category of accrued liabilities (in amount) in 2019, if Advances in 2019 did not change from 2018?

Answer: Board compensation


Question: What is the total amount of the top 2 categories of accrued liabilities in 2019, if Other accrued expenses made up $1,000 thousand?

Answer: 1500


Question: If Cash generated from operations in 2019 was 6,000 million, what would be the change in Cash generated from operations from 2018 to 2019?

Answer: 600

Context:
Summarised cash flow statement Cash flow We generated a net cash inflow from operating activities of £4,256m, down £671m, mainly driven by £2bn contributions to the BT Pension Scheme, offset by favourable working capital movements. In line with our outlook, normalised free cash flowb was £2,440m, down £533m or 18%, driven by increased cash capital expenditure, decrease in EBITDA and higher tax payments. Free cash flow, which includes specific item outflows of £598m (2017/18: £828m) and a £273m (2017/18: £109m) tax benefit from pension deficit payments, was £619m (2017/18: £1,586m). Last year also included payments of £325m for the acquisition of mobile spectrum. The spectrum auction bidding took place across the 2017/18 and 2018/19 financial years. Whilst £325m was on deposit with Ofcom at 31 March 2018, we went on to acquire spectrum for a total price of £304m and the excess deposit balance has since been refunded. We made pension deficit payments of £2,024m (2017/18: £872m) and paid dividends to our shareholders of £1,504m (2017/18: £1,523m). The net cash cost of specific items of £598m (2017/18: £828m) includes restructuring payments of £372m (2017/18: £189m) and regulatory payments of £170m (2017/18: £267m). Last year also included payments of £225m relating to the settlement of warranty claims under the 2015 EE acquisition agreement. b After net interest paid, before pension deficit payments (including the cash tax benefit of pension deficit payments) and specific items.

	2019	2018	2017

Year ended 31 March	£m	£m	£m

Cash generated from operations	4,687	5,400	6,725

Tax paid	(431)	(473)	(551)

Net cash inflows from operating activities	4,256	4,927	6,174

Net purchase of property, plant and equipment and software	(3,637)	(3,341)	(3,119)

Free cash flow	619	1,586	3,055

Interest received	23	7	7

Interest paid	(531)	(555)	(629)

Add back pension deficit payments	2,024	872	274

Add back net cash flow from specific items	598	828	205

Add back net sale of non-current asset investments	1	19	(20)

Add back prepayments in respect of acquisition of spectrum licence	-	325	-

Remove refund on acquisition of spectrum licence	(21)	-	-

Remove cash tax benefit of pension deficit payments	(273)	(109)	(110)

Normalised free cash flow b	2,440	2,973	2,782


Question: If tax paid in 2019 was -500 million, what would be the average tax paid for 2017-2019?

Answer: -508


Question: If Net cash inflows from operating activities in 2019 was 5,000 million, what would be the change  in the Net cash inflows from operating activities from 2018 to 2019?

Answer: 73


Question: In which year would Billings be larger if the amount in 2019 was $770.3 million instead?

Answer: FY19

Context:
The Group made an operating profit of $60.9 million in the year and adjusted operating profit increased by $50.7 million to $109.0 million, primarily as a result of strong revenue growth. This year's result benefited from a foreign exchange gain of $1.5 million, compared to a foreign exchange loss of $6.9 million in the prior-year. The Group’s profit before taxation increased by $94.6 million to $53.6 million, from a loss of $41.0 million in the prior-year, primarily as a consequence of the $80.6 million improvement in operating profit supported by a $13.4 million reduction in finance expenses. Finance expenses benefited from foreign exchange gains in the current year resulting from the strengthening of both sterling and the euro against the US dollar, compared to foreign exchange losses in the prior-year. The Group’s profit for the year increased by $87.8 million to $26.9 million in the year-ended 31 March 2019, which given only a small increase in the year-on-year income tax charge was primarily attributable to the improvement in the profit before taxation. Cash flow from operating activities remained strong at $142.9 million, reduced by $4.8 million from $147.7 million in the prior-year. The small overall decrease was due to an increase in overheads, partially offset by a reduction in the cashflow outflow on exceptional items and an improved use of working capital. Unlevered free cashflow decreased by $15.8 million to $123.8 million representing the reduction in net cash flow from operating activities adjusted for the cashflow impact of exceptional items. The table below presents the Group’s financial highlights on a reported basis: 1 Restated for the adoption of IFRS 15 and change in accounting policy in respect of research and development expenditure tax credit scheme and provision for interest on uncertain tax positions, as explained in note 2 of the Financial Statements 2 Definitions and reconciliations of non-GAAP measures are included in note 5 of the Financial Statements

	FY19	FY18	Change

	$M	$M	%

Statutory measures

Revenue	710.6	639.0	11.2

Profit / (Loss) before taxation	53.6	(41.0)	nm

Net cash flow from operating activities	142.9	147.7	(3.2)

Alternative performance measures2

Billings	760.3	768.6	(1.1)

Cash EBITDA	167.9	199.2	(15.7)

Adjusted operating profit	109.0	58.3	87.0

Unlevered free cash flow	123.8	139.6	(11.3)


Question: What would the change in Revenue in 2019 from 2018 be if the amount in 2019 was $700.0 million instead?

Answer: 61


Question: What would the average revenue in 2018 and 2019 be if the amount in 2019 was $700.0 million instead?

Answer: 669.5


Question: What would be the change in provisions (benefit) for state and local  income taxes between 2018 and 2019 if the value in 2019 increased by $200?

Answer: 227

Context:
Note 10 – Income taxes The provision (benefit) for income taxes consists of the following:

	For the Years Ended December 31,

	2019	2018

Current:

Federal	$ (27)	$ (13 )

State and local	276	249

Total current	249	236

Deferred	533	(461)

Provision (benefit) for income taxes	$ 782	$ (225)


Question: What would be the average total current provision (benefit) for income taxes for 2018 and 2019 if the value in 2019 decreased by $15?

Answer: 235


Question: What would be the percentage change in provisions (benefit) for state and local income taxes between 2018 and 2019 if the value in 2019 increased by $30?

Answer: 22.89


Question: If Adjustment from Topic 606 for Accounts receivable, net was 4,000 thousands,  what would be the percentage change in  Accounts receivable, net after  Adjustment from Topic 606?

Answer: 24.41

Context:
Financial Statement Impact of Adoption on Previously Reported Results We adopted Topic 606 using the modified retrospective method. The cumulative impact of applying the new guidance to all contracts with customers that were not completed as of April 1, 2018 was recorded as an adjustment to retained earnings as of the adoption date. As a result of applying the modified retrospective method to adopt the new standard, the following adjustments were made to noted accounts on the Consolidated Balance Sheet as of April 1, 2018: The acceleration of revenue that was deferred under prior guidance as of the adoption date was primarily attributable to the requirement of Topic 606 to allocate the transaction price to the performance obligations in the contract on a relative basis using SSP rather than allocating under the residual method, which allocates the entire arrangement discount to the delivered performance obligations. Due to the Company's full valuation allowance as of the adoption date, there is no tax impact associated with the adoption of Topic 606. We made certain presentation changes to our Consolidated Balance Sheet on April 1, 2018 to comply with Topic 606. Prior to adoption of the new standard, we offset accounts receivable and contract liabilities (previously presented as deferred revenue on our Consolidated Balance Sheet) for unpaid deferred performance obligations included in contract liabilities. Under the new standard, we record accounts receivable and related contract liabilities for non-cancelable contracts with customers when the right to consideration is unconditional. Upon adoption, the right to consideration in exchange for goods or services that have been transferred to a customer when that right is conditional on something other than the passage of time were reclassified from accounts receivable to contract assets.

(In thousands)	March 31, 2018	Adjustment from Topic 606	April 1, 2018

Assets:

Accounts receivable, net	16,389	3,124	19,513

Contract assets	—	4,583	4,583

Prepaid expenses and other current assets	5,593	(496)	5,097

Other non-current assets	2,484	2,409	4,893

Liabilities:

Contract liabilities	26,820	7,006	33,826

Shareholders' equity:

Retained earnings	103,601	2,614	106,215


Question: if Adjustment from Topic 606  for  contract liabilities was 8,000 thousands,What would be the percentage change in  Contract liabilities after  Adjustment from Topic 606?

Answer: 29.83


Question: If Adjustment from Topic 606 for retained earning was 3,000 thousands, What would bethe percentage change in  Retained earnings after  Adjustment from Topic 606?

Answer: 2.9


Question: If the Service revenue in 2019 reduced to 62,185 million, what would be the revised change?

Answer: -2038

Context:
Operating Revenues and Selected Operating Statistics (1) As of end of period (2) Excluding acquisitions and adjustments. Consumer’s total operating revenues increased $1.3 billion, or 1.4%, during 2019 compared to 2018, primarily as a result of increases in Service and Other revenues, partially offset by a decrease in Wireless equipment revenue. Service Revenue Service revenue increased $1.2 billion, or 1.8%, during 2019 compared to 2018, primarily due to increases in wireless service and Fios revenues, partially offset by decreases in wireline voice and DSL services. Wireless service revenue increased $1.3 billion, or 2.5%, during 2019 compared to 2018, due to increases in wireless access revenue, driven by customers shifting to higher access plans including unlimited plans and increases in the number of devices per account, the declining fixed-term subsidized plan base and growth from reseller accounts. Wireless retail postpaid ARPA increased 2.3%. For the year ended December 31, 2019, Fios revenues totaled $10.4 billion and increased $92 million, or 0.9%, compared to 2018. This increase was due to a 2.5% increase in Fios Internet connections, reflecting increased demand in higher broadband speeds, partially offset by a 5.1% decrease in Fios video connections, reflecting the ongoing shift from traditional linear video to over-the-top (OTT) offerings. Service revenue attributable to wireline voice and DSL broadband services declined during 2019, compared to 2018. The declines are primarily due to a decrease of 9.1% in voice connections resulting primarily from competition and technology substitution with wireless and competing Voice over Internet Protocol (VoIP) and cable telephony services. Wireless Equipment Revenue Wireless equipment revenue decreased $827 million, or 4.4%, during 2019 compared to 2018, as a result of declines in wireless device sales primarily due to an elongation of the handset upgrade cycle and increased promotions. These decreases were partially offset by a shift to higher priced units in the mix of wireless devices sold. Other Revenue Other revenue includes non-service revenues such as regulatory fees, cost recovery surcharges, revenues associated with our device protection package, leasing and interest on equipment financed under a device payment plan agreement when sold to the customer by an authorized agent. Other revenue increased $1.0 billion, or 14.4%, during 2019 compared to 2018, primarily due to pricing increases related to our wireless device protection plans, as well as regulatory fees.

			(dollars in millions, except ARPA)

			Increase/ (Decrease)

Years Ended December 31,	2019	2018	2019 vs. 2018

Service	$65,383	$ 64,223	$ 1,160	1.8%

Wireless equipment	18,048	18,875	(827)	(4.4)

Other	7,625	6,664	961	14.4

Total Operating Revenues	$ 91,056	$ 89,762	$ 1,294	1.4

Connections (‘000):(1)

Wireless retail connections	94,544	94,507	37	—

Wireless retail postpaid connections	90,481	89,861	620	0.7

Fios Internet connections	5,902	5,760	142	2.5

Fios video connections	4,152	4,377	(225)	(5.1)

Broadband connections	6,467	6,460	7	0.1

Voice connections	5,754	6,332	(578)	(9.1)

Net Additions in Period (‘000):(2)

Wireless retail	379	372	7	1.9

Wireless retail postpaid	970	1,129	(159)	(14.1)

Wireless retail postpaid phones	737	498	239	48.0

Churn Rate:

Wireless retail	1.28%	1.25%

Wireless retail postpaid	1.05%	1.00%

Wireless retail postpaid phones	0.79%	0.76%

Account Statistics:

Wireless retail postpaid ARPA	$ 118.13	$115.48	$ 2.65	2.3

Wireless retail postpaid accounts (‘000)(1)	33,875	34,086	(211)	(0.6)

Wireless retail postpaid connections per account(1)	2.67	2.64	0.03	1.1


Question: If the Wireless equipment revenue in 2019 is reduced to 16,022 million, what would be the revised change?

Answer: -2853


Question: If the Total Operating Revenues in 2019 reduced to 71,099 million, what would be the revised change?

Answer: -18663


Question: If the Interest income in December 28, 2019 increased to 3,112 thousand, what would be the revised change?

Answer: 1756

Context:
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: If Weighted average balance of cash and investments in December 28, 2019 increased to 198,546 thousand, what would be the revised change?

Answer: 60079


Question: If interest income in 2019 was 700 thousands, in which year would it be less than 1,000 thousands?

Answer: 2019

Answer: 2017


Question: If the 2019 orders decreased by 5%, what would have been the revised average?

Answer: 11637.15

Context:
Orders at Mobility grew to a record high on a sharp increase in volume from large orders, which the Strategic Company won across the businesses, most notably in the rolling stock and the customer services businesses. Among the major contract wins were a € 1.6 billion order for metro trains in the U. K., a € 1.2 billion contract for high-speed trains including maintenance in Russia, a € 0.8 billion order for trainsets including service in Canada, a € 0.7 billion contract for diesel-electric locomotives including a service agreement in the U. S. and two orders in Germany worth € 0.4 billion and € 0.3 billion, respectively, for regional multiple-unit trainsets. In fiscal 2018, Mobility also gained a number of significant contracts across the regions. Revenue grew slightly as double-digit growth in the customer services business was largely offset by a decline in the rail infrastructure business. Revenue in the rolling stock business remained close to the prior-year level due to unfavorable timing effects related to the execution of large rail projects, which the business began to ramp up late in the fiscal year. Mobility continued to operate with high profitability in fiscal 2019, including a strong contribution to Adjusted EBITA from the services business. Severance charges were € 20 million, up from € 14 million in fiscal 2018. Mobility’s order backlog was € 33 billion at the end of the fiscal year, of which € 8 billion are expected to be converted into revenue in fiscal 2020. Order growth reflected overall strong markets for Mobility in fiscal 2019, with different dynamics among the regions. Market development in Europe was characterized by continuing awards of mid-size and large orders, particularly in the U. K., Germany and Austria. Within the C. I. S., large projects for high-speed trains and services were awarded in Russia. Demand in the Middle East and Africa was held back by ongoing uncertainties related to budget constraints and political climates. In the Americas region, stable investment activities were driven by demand for mainline and urban transport, especially in the U. S. and Canada. Within the Asia, Australia region, Chinese markets saw ongoing investments in high-speed trains, urban transport, freight logistics and rail infrastructure, while India continues to invest in modernizing the country’s transportation infrastructure. For fiscal 2020, we expect markets served by Mobility to grow moderately with increasing demand for digital solutions. Overall, rail transport and intermodal mobility solutions are expected to remain a focus as urbanization continues to progress around the world. In emerging countries, rising incomes are expected to result in greater demand for public transport solutions.

		Fiscal year		% Change

(in millions of €)	2019	2018	Actual	Comp.

Orders	12,894	11,025	17 %	16 %

Revenue	8,916	8,821	1 %	0 %

Adjusted EBITA	983	958	3 %

Adjusted EBITA margin	11.0 %	10.9 %


Question: If the revenue in 2019 increases to 10,000 million, what it the increase / (decrease) in revenue from 2018 to 2019?

Answer: 1179


Question: If Adjusted EBITDA in 2019 changes to 1,600, what is the revised Adjusted EBITDA margin for 2019?

Answer: 17.95


Question: What was the change in balance as of January 1 between 2018 and 2019 if the balance as of January 1, 2019 was $300 million instead?

Answer: 169

Context:
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed) Accounts Receivable and Deferred Rent Asset—The Company derives the largest portion of its revenues and corresponding accounts receivable and the related deferred rent asset from a relatively small number of tenants in the telecommunications industry, and 54% of its current-year revenues are derived from four tenants. The Company’s deferred rent asset is associated with non-cancellable tenant leases that contain fixed escalation clauses over the terms of the applicable lease in which revenue is recognized on a straight-line basis over the lease term. The Company mitigates its concentrations of credit risk with respect to notes and trade receivables and the related deferred rent assets by actively monitoring the creditworthiness of its borrowers and tenants. In recognizing tenant revenue, the Company assesses the collectibility of both the amounts billed and the portion recognized in advance of billing on a straight-line basis. This assessment takes tenant credit risk and business and industry conditions into consideration to ultimately determine the collectibility of the amounts billed. To the extent the amounts, based on management’s estimates, may not be collectible, revenue recognition is deferred until such point as collectibility is determined to be reasonably assured. Any amounts that were previously recognized as revenue and subsequently determined to be uncollectible are charged to bad debt expense included in Selling, general, administrative and development expense in the accompanying consolidated statements of operations. Accounts receivable is reported net of allowances for doubtful accounts related to estimated losses resulting from a tenant’s inability to make required payments and allowances for amounts invoiced whose collectibility is not reasonably assured. These allowances are generally estimated based on payment patterns, days past due and collection history, and incorporate changes in economic conditions that may not be reflected in historical trends, such as tenants in bankruptcy, liquidation or reorganization. Receivables are written-off against the allowances when they are determined to be uncollectible. Such determination includes analysis and consideration of the particular conditions of the account. Changes in the allowances were as follows: (1) In 2019, write-offs are primarily related to uncollectible amounts in India. In 2018 and 2017, recoveries include recognition of revenue resulting from collections of previously reserved amounts.

		Year Ended December 31,

	2019	2018	2017

Balance as of January 1,	$282.4	$131.0	$45.9

Current year increases	104.3	157.8	87.2

Write-offs, recoveries and other (1)	(223.4)	(6.4)	(2.1)

Balance as of December 31,	$163.3	$282.4	$131.0


Question: What was the change in current year increases between 2017 and 2018 if current year increases in 2018 was $200 million instead

Answer: 112.8


Question: What was the percentage change in balance as of December 31 between 2018 and 2019 if balance as of December 31, 2019 was $400 million instead?

Answer: 41.64


Question: In which year would the impairment losses on tangible fixed assets be the largest if the amount in 2018 was $6.2 million instead?

Answer: 2018

Context:
NOTE 6- continued ¹⁾ For additional information regarding impairment considerations, please refer to note 8. Included in the carrying amount for "Vessels and capitalized dry-docking" are capitalized drydocking costs in the amount of USD 60.7m (2018: USD 67.5m, 2017: USD 68.1m). The sale and leaseback transactions in 2019 were all classified as financing arrangements and did not result in derecognition of the underlying assets as control was retained by the Group.

USDm	2019	2018	2017

Vessels and capitalized dry-docking

Cost:

Balance as of 1 January	1,886.3	1,726.6	1,697.4

Additions	81.3	162.7	103.1

Disposals	-25.6	-30.2	-14.3

Transferred from prepayments	252.3	81.8	-

Transferred to assets held for sale	-130.1	-54.6	-59.6

Balance as of 31 December	2,064.2	1,886.3	1,726.6

Depreciation:

Balance as of 1 January	327.6	264.8	180.0

Disposals	-25.6	-30.2	-14.3

Depreciation for the year	106.5	113.4	113.6

Transferred to assets held for sale	-47.9	-20.4	-14.5

Balance as of 31 December	360.6	327.6	264.8

Impairment:

Balance as of 1 January	162.1	167.3	173.6

Impairment losses on tangible fixed assets	6.0	3.2	3.6

Reversal of impairment ¹⁾	-120.0	-	-

Transferred to assets held for sale	-19.3	-8.4	-9.9

Balance as of 31 December	28.8	162.1	167.3

Carrying amount as of 31 December	1,674.8	1,396.6	1,294.5


Question: What would the change in Additions in 2019 from 2018 be if the amount in 2019 was $80.0 million instead?

Answer: -82.7


Question: What would the percentage change in Additions in 2019 from 2018 be if the amount in 2019 was $80.0 million instead?

Answer: -50.83


Question: If the Balance at beginning of year in December 28, 2019 increased to 3,890 thousand, what would be the revised change?

Answer: 228

Context:
Warranty Obligations We offer warranties on certain products and record a liability for the estimated future costs associated with warranty claims at the time revenue is recognized. The warranty liability is based upon historical experience and our estimate of the level of future costs. While we engage in product quality programs and processes, our warranty obligation is affected by product failure rates, material usage and service delivery costs incurred in correcting a product failure. We continuously monitor product returns for warranty and maintain a reserve for the related expenses based upon our historical experience and any specifically identified field failures. As we sell new products to our customers, we must exercise considerable judgment in estimating the expected failure rates. This estimating process is based on historical experience of similar products, as well as various other assumptions that we believe to be reasonable under the circumstances. We provide for the estimated cost of product warranties at the time revenue is recognized. Warranty costs are reflected in the Consolidated Statement of Income as a Cost of revenues. A reconciliation of the changes in our warranty liability is as follows (in thousands):

		Fiscal Year Ended

	December 28, 2019	December 29, 2018	December 30, 2017

Balance at beginning of year	$2,102	$ 3,662	$2,972

Accruals	3,881	3,181	8,115

Settlements	(4,041)	(4,741)	(7,425)

Balance at end of year	$1,942	$2,102	$3,662


Question: If the Accruals in December 28, 2019 increased to 4,701 thousand, what would be the revised change?

Answer: 1520


Question: If Accruals in 2017 was 3,600 thousands, in which year would it be less than 4,000 thousands?

Answer: 2019

Answer: 2018

Answer: 2017


Question: What would be the difference in sitting fees between O P Bhatt and Aarthi Subramanian if the former had a sitting fee of 7.00 instead?

Answer: 1.3

Context:
iv. Details of the Remuneration for the year ended March 31, 2019: a. Non-Executive Directors: @ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company. * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as an Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019.

		(` lakh)

Name	Commission	Sitting Fees

N Chandrasekaran, Chairman@	-	3.60

Aman Mehta	315.00	4.80

V Thyagarajan*	100.00	3.00

Prof Clayton M Christensen**	75.00	0.30

Dr Ron Sommer	220.00	5.10

O P Bhatt	215.00	7.50

Aarthi Subramanian@@	-	5.70

Dr Pradeep Kumar Khosla	150.00	2.10

Hanne Sorensen***	50.00	0.60

Keki Mistry***	50.00	0.60

Don Callahan****	35.00	0.30

Total	1,210.00	33.60


Question: What would be the difference in commission between O P Bhatt and Dr Ron Sommer if the latter had 230.00 as commission instead?

Answer: 15


Question: Which non-executive director would have the highest sitting fees if Keki Mistry had 8.00 sitting fees?

Answer: Keki Mistry


Question: What would be the change in prepaid expenses between 2018 and 2019 if prepaid expenses in 2019 were $20 million instead?

Answer: 1.7

Context:
(11) Other Non-Current Assets Other non-current assets consist of the following (in millions):

	December 31,

	2019	2018

Property records database	$60.1	$59.9

Contract assets	37.8	17.0

Right-of-use assets	26.4	—

Deferred compensation plan related assets	15.2	11.1

Unbilled receivables	3.5	5.0

Prepaid expenses	8.1	18.3

Unrealized gains on interest rate swaps	—	6.2

Other	7.7	4.3

Other non-current assets	$158.8	$121.8


Question: What would be the change in unbilled receivables between 2018 and 2019 if unbilled receivables in 2019 were $10 million instead?

Answer: 5


Question: What would be the percentage change in the total other non-current assets between 2018 and 2019 if the total in 2019 was $200 million instead?

Answer: 64.2


Question: If percentage of professional services of revenue for 2019 was 20.0%, What would be the increase / (decrease) in the percentage of professional services of revenue from 2018 to 2019?

Answer: 0.7

Context:
The following table presents the percentage relationship of our Consolidated Statement of Operations line items to our consolidated net revenues for the periods presented: Net revenue. Total revenue increased $13.5 million, or 10.6%, in fiscal 2019 compared to fiscal 2018. Products revenue increased $5.3 million, or 15.7%, due to growth in third-party hardware sales and in on premise software sales, which grew more than 20% compared to the prior year. Support, maintenance and subscription services revenue increased $6.4 million, or 9.3%, driven by growth in customers using our on premise software products that require the payment of support and maintenance along with continued increases in subscription based revenue, which increased 23.5% in fiscal 2019 compared to fiscal 2018. Subscription based revenue comprised 17.7% of total consolidated revenues in 2019 compared to 15.8% in 2018. Professional services revenue increased $1.8 million, or 7.1%, as a result of growth in our customer base including installations of our traditional on premise and subscription based software solutions and increased responses to customer service requests. Gross profit and gross profit margin. Our total gross profit increased $9.5 million, or 14.7%, in fiscal 2019 and total gross profit margin increased from 50.6% to 52.5%. Products gross profit decreased $0.1 million and gross profit margin decreased 3.3% to 18.4% primarily as a result of increased developed technology amortization. Support, maintenance and subscription services gross profit increased $7.2 million and gross profit margin increased 310 basis points to 78.9% due to the scalable nature of our infrastructure supporting and hosting customers. Professional services gross profit increased $2.4 million and gross profit margin increased 7.7% to 26.9% due to increased revenue with lower costs from the restructuring of our professional services workforce during the first quarter of 2018 into a more efficient operating structure with limited use of contract labor. Operating expenses Operating expenses, excluding the charges for legal settlements and restructuring, severance and other charges, increased $10.5 million, or 13.7%, in fiscal 2019 compared with fiscal 2018. As a percent of total revenue, operating expenses have increased 2.3% in fiscal 2019 compared with fiscal 2018. Product development. Product development includes all expenses associated with research and development. Product development increased $9.9 million, or 35.4%, during fiscal 2019 as compared to fiscal 2018 primarily due to the reduction of cost capitalization. The products in our rGuest platform for which we had capitalized costs reached general availability by the beginning of the second quarter of fiscal 2019. These products join our well established products with the application of agile development practices in a more dynamic development process that involves higher frequency releases of product features and functions. We capitalized $2.0 million of external use software development costs, and $0.3 million of internal use software development costs during fiscal 2019, with the full balance capitalized in Q1 fiscal 2019. We capitalized approximately $8.9 million in total development costs during fiscal 2018. Total product development costs, including operating expenses and capitalized amounts, were $40.1 million during fiscal 2019 compared to $38.4 million in fiscal 2018. The $1.7 million increase is mostly due to continued expansion of our R&D teams and increased compensation expense as a result of bonus earnings. Sales and marketing. Sales and marketing increased $1.6 million, or 8.7%, in fiscal 2019 compared with fiscal 2018. The change is due primarily to an increase of $1.6 million in incentive compensation related to an increase in sales, revenue and profitability during fiscal 2019. General and administrative. General and administrative decreased $0.9 million, or 3.8%, in fiscal 2019 compared to fiscal 2018. The change is due primarily to reduced outside professional costs for legal and accounting services. Depreciation of fixed assets. Depreciation of fixed assets decreased $0.1 million or 5% in fiscal 2019 as compared to fiscal 2018. Amortization of intangibles. Amortization of intangibles increased $0.7 million, or 36.6%, in fiscal 2019 as compared to fiscal 2018 due to our remaining Guest suite of products being placed into service on June 30, 2018. Restructuring, severance and other charges. Restructuring, severance, and other charges decreased $1.8 million due to non-recurring 2018 restructuring activities while charges for non-restructuring severance increased $1.2 million, resulting in a net decrease of $0.6 million during fiscal 2019. Our restructuring actions are discussed further in Note 4, Restructuring Charges. Legal settlements. Legal settlements consist of settlements of employment and other business-related matters.

	Year ended March 31,

	2019	2018

Net revenue:

Products	27.7%	26.5%

Support, maintenance and subscription services	53.6	54.2

Professional services	18.7	19.3

Total net revenue	100.0	100.0

Cost of goods sold:

Products, inclusive of developed technology amortization	22.6	20.7

Support, maintenance and subscription services	11.3	13.1

Professional services	13.6	15.6

Total net cost of goods sold	47.5	49.4

Gross profit	52.5	50.6

Operating expenses:

Product development	26.9	21.9

Sales and marketing	13.9	14.2

General and administrative	16.4	18.9

Depreciation of fixed assets	1.8	2.1

Amortization of intangibles	1.8	1.5

Restructuring, severance and other charges	0.8	1.4

Legal settlements	0.1	0.1

Operating loss	(9.3)%	(9.5)%


Question: If total revenue increased by $15.0 million, or 10.6% in fiscal 2019 compared to fiscal 2018, What was total revenue in 2018?

Answer: 141.51


Question: If percentage of depreciation of fixed assets in 2019 as a percentage of operating expenses was 2.5%, what would be percentage increase / (decrease) in the depreciation of fixed assets as a percentage of operating expenses from 2018 to 2019?

Answer: 0.4


Question: How many years did total contract assets exceed $1,500 thousand if total contract assets in 2018 was $1,600 thousand instead?

Answer: 2

Context:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data) Contract Assets and Liabilities Contract assets and liabilities included in our Consolidated Balance Sheets are as follows: During the twelve months ended December 31, 2019, we recognized revenues of $256 that was included in contract liabilities at the beginning of the period.

	As of December 31,

	2019	2018

Contract Assets

Prepaid rebates included in Other current assets	$64	$65

Prepaid rebates included in Other assets	1,853	999

Total Contract Assets	$1,917	$1,064

Contract Liabilities

Customer discounts and price concessions included in Accrued expenses and other liabilities	$(2,070)	$(1,656)

Customer rights of return included in Accrued expenses and other liabilities	(807)	(325)

Total Contract Liabilities	$(2,877)	$(1,981)


Question: What would be the change in the Prepaid rebates included in Other assets between 2018 and 2019 if Prepaid rebates included in Other assets in 2018 were $1,800 thousand instead?

Answer: 53


Question: What would be the percentage change in total contract liabilities between 2018 and 2019 if total contract liabilities in 2019 were -$1,000 thousand instead?

Answer: -49.52


Question: What would be the change in the balance of software solutions between 2017 and 2018 if the balance in 2017 was $2,000 million instead?

Answer: 157.6

Context:
(10) Goodwill Goodwill consists of the following (in millions): The increase in Goodwill related to our Compass Analytics acquisition is deductible for tax purposes. For the 2018 increase in Goodwill, $19.7 million is deductible for tax purposes and $3.2 million is not deductible for tax purposes.

	Software Solutions	Data and Analytics	Corporate and Other	Total

Balance, December 31, 2017	$2,134.7	$172.1	$—	$2,306.8

HeavyWater and Ernst acquisitions (Note 3)	22.9	—	—	22.9

Balance, December 31, 2018	2,157.6	172.1	—	2,329.7

Compass Analytics acquisition (Note 3)	31.7	—	—	31.7

Balance, December 31, 2019	$2,189.3	$172.1	$—	$2,361.4


Question: What would be the difference in the total between HeavyWater and Ernst acquisitions and Compass Analytics acquisition if Compass Analytics acquisition was $20 million instead?

Answer: 2.9


Question: What would be the percentage change in total balance between 2018 and 2019 if the total balance in 2019 was $3,000 million instead?

Answer: 28.77


Question: What would be the proportion of total fixed income securities over total pension plan assets if the fair value of corporate bonds was $1,750 million without change to total pension plan assets?

Answer: 0.7

Context:
Plan Assets The fair value of plan assets, summarized by level within the fair value hierarchy described in Note 20, as of May 26, 2019, was as follows: Level 1 assets are valued based on quoted prices in active markets for identical securities. The majority of the Level 1 assets listed above include the common stock of both U.S. and international companies, mutual funds, master limited partnership units, and real estate investment trusts, all of which are actively traded and priced in the market. Level 2 assets are valued based on other significant observable inputs including quoted prices for similar securities, yield curves, indices, etc. Level 2 assets consist primarily of individual fixed income securities where values are based on quoted prices of similar securities and observable market data. Level 3 assets consist of investments where active market pricing is not readily available and, as such, fair value is estimated using significant unobservable inputs. Certain assets that are measured at fair value using the NAV (net asset value) per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. Such investments are generally considered long-term in nature with varying redemption availability. For certain of these investments, with a fair value of approximately $51.0 million as of May 26, 2019, the asset managers have the ability to impose customary redemption gates which may further restrict or limit the redemption of invested funds therein. As of May 26, 2019, funds with a fair value of $4.2 million have imposed such gates. As of May 26, 2019, we have unfunded commitments for additional investments of $48.3 million in private equity funds and $17.0 million in natural resources funds. We expect unfunded commitments to be funded from plan assets rather than the general assets of the Company. Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)

	Level 1	Level 2	Level 3	Total

Cash and cash equivalents	$0.7	$77.7	$—	$78.4

Equity securities:

U.S. equity securities	56.3	91.8	—	148.1

International equity securities	87.8	0.4	—	88.2

Fixed income securities:

Government bonds	—	748.3	—	748.3

Corporate bonds	—	2,255.5	—	2,255.5

Mortgage-backed bonds	—	31.1	—	31.1

Real estate funds	0.4	—	—	0.4

Net receivables for unsettled transactions	5.6	—	—	5.6

Fair value measurement of pension plan assets in the fair value hierarchy	$150.8	$3,204.8	$—	$3,355.6

Investments measured at net asset value				245.9

Total pension plan assets				$3,601.5


Question: What would be the ratio of Level 1 assets to Level 2 assets if the fair value of Level 2 assets was $2,750 million?

Answer: 0.05


Question: What would be the ratio (in percentage) of the fair value of the customary redemption gates over total pension plan assets as of May 26, 2019, if the total pension plan assets were $2,000 million?

Answer: 0.21


Question: What would be the total weight of Nordic Freedom and Nordic Moon if their total weight is decreased by 30%?

Answer: 223745.2

Context:
B. Business Overview Our Fleet Our fleet currently consists of 23 Suezmax crude oil tankers, of which the vast majority have been built in Korea. The majority of our vessels are employed in the spot market, together with one vessel currently on a longer term time charter agreement expiring in 2021 or later. The vessels are considered homogenous and interchangeable as they have approximately the same freight capacity and ability to transport the same type of cargo.

Vessel	Built in	Deadweight Tons	Delivered to NAT in

Nordic Freedom	2005	159,331	2005

Nordic Moon	2002	160,305	2006

Nordic Apollo	2003	159,998	2006

Nordic Cosmos	2003	159,999	2006

Nordic Grace	2002	149,921	2009

Nordic Mistral	2002	164,236	2009

Nordic Passat	2002	164,274	2010

Nordic Vega	2010	163,940	2010

Nordic Breeze	2011	158,597	2011

Nordic Zenith	2011	158,645	2011

Nordic Sprinter	2005	159,089	2014

Nordic Skier	2005	159,089	2014

Nordic Light	2010	158,475	2015

Nordic Cross	2010	158,475	2015

Nordic Luna	2004	150,037	2016

Nordic Castor	2004	150,249	2016

Nordic Sirius	2000	150,183	2016

Nordic Pollux	2003	150,103	2016

Nordic Star	2016	159,000	2016

Nordic Space	2017	159,000	2017

Nordic Aquarius	2018	157,000	2018

Nordic Cygnus	2018	157,000	2018

Nordic Tellus	2018	157,000	2018


Question: What would be the average weight of Nordic Freedom and Nordic Moon if the weight of Nordic Moon is decreased by 10 deadweight tons?

Answer: 159813


Question: What would be the weight of Nordic Moon as a percentage of the weight of Nordic Apollo if the weight of Nordic Apollo is increased by 50 deadweight tons?

Answer: 100.16


Question: In which year would the amount of Prepayments be larger if the amount in 2019 was $22.9 million instead?

Answer: 2018

Context:
20 Trade and Other Receivables Trade receivables are non interest-bearing and are generally on 30–90 day payment terms depending on the geographical territory in which sales are generated. The carrying value of trade and other receivables also represents their fair value. During the year-ended 31 March 2019 a provision for impairment of $0.6M (2018: $0.6M) was recognised in operating expenses against receivables. The net contract acquisition expense deferred within the Consolidated Statement of Profit or Loss was $0.9M of the total $259.9M of Sales and Marketing costs (2018: $8.4M / $239.9M).

	31 March 2019	31 March 2018 Restated See note 2

	$M	$M

Current

Trade receivables	128.7	151.8

Prepayments	26.9	23.1

Deferral of contract acquisition costs	31.5	29.5

Other receivables	8.2	6.4

Total current trade and other receivables	195.3	210.8

Non-current

Deferral of contract acquisition costs	15.1	16.2

Other receivables	1.3	1.3

Total non-current trade and other receivables	16.4	17.5


Question: What would the change in trade receivables in 2019 from 2018 be if the amount in 2019 was $131.8 million instead?

Answer: -20


Question: What would the percentage change in trade receivables in 2019 from 2018 be if the amount in 2019 was $131.8 million instead?

Answer: -13.18


Question: Which year would the progress shipyard installments be lower if the cost in 2018 is 188,184 thousand?

Answer: 2018

Context:
GasLog Ltd. and its Subsidiaries Notes to the consolidated financial statements (Continued) For the years ended December 31, 2017, 2018 and 2019 (All amounts expressed in thousands of U.S. Dollars, except share and per share data) Vessels under construction represent scheduled advance payments to the shipyards as well as certain capitalized expenditures. As of December 31, 2019, the Group has paid to the shipyard $197,637 for the vessels that are under construction and expects to pay the remaining installments as they come due upon each vessel’s keel laying, launching and delivery (Note 23(a)). The vessels under construction costs as of December 31, 2018 and 2019 are comprised of:

	As of December 31,

	2018	2019

Progress shipyard installments	152,075	197,637

Onsite supervision costs	5,766	3,879

Critical spare parts, equipment and other vessel delivery expenses	1,434	1,807

Total	159,275	203,323


Question: What would be the change in onsite supervision costs from 2018 to 2019 if the onsite supervision cost is 5,980 thousand in 2019?

Answer: 214


Question: What would be the percentage change in total cost  from 2018 to 2019 if the total cost is 175,250 in 2019?

Answer: 10.03


Question: In which year would Expenses not deductible for taxation purposes be larger if the amount in 2019 was 1.3 million instead?

Answer: 2019

Context:
11. Taxation The taxation charge for the year is lower than (2018: the same as) the effective rate of corporation tax in the UK of 19% (2018: 19%). The differences are explained below: Taxation on items taken directly to equity was a credit of £0.6m (2018: £0.1m) relating to tax on share-based payments. The tax charge for the year is based on the standard rate of UK corporation tax for the period of 19% (2018: 19%). Deferred income taxes have been measured at the tax rate expected to be applicable at the date the deferred income tax assets and liabilities are realised. Management has performed an assessment, for all material deferred income tax assets and liabilities, to determine the period over which the deferred income tax assets and liabilities are forecast to be realised, which has resulted in an average deferred income tax rate of 17% being used to measure all deferred tax balances as at 31 March 2019 (2018: 17%).

	2019	(Restated) 2018

	£m	£m

Profit before taxation	242.2	210.7

Tax on profit on ordinary activities at the standard UK corporation tax rate of 19% (2018: 19%)	46.0	40.0

Expenses not deductible for taxation purposes	0.3	0.8

Income not taxable	(1.7)	–

Adjustments in respect of foreign tax rates	(0.1)	(0.1)

Adjustments in respect of prior years	–	(1.1)

Total taxation charge	44.5	39.6


Question: What would the change in Total taxation charge in 2019 from 2018 be if the amount in 2019 was 44.6 million instead?

Answer: 5


Question: What would the percentage change in Total taxation charge in 2019 from 2018 be if the amount in 2019 was 44.6 million instead?

Answer: 12.63


Question: What would the percentage of total additions over the total costs of the right-of-use assets be if the amount of additions is 1,000?

Answer: 15.38

Context:
Note 15 Leases RIGHT-OF-USE ASSETS BCE’s significant right-of-use assets under leases are satellites, office premises, land, cellular tower sites, retail outlets and OOH advertising spaces. Right-of-use assets are presented in Property, plant and equipment in the statement of financial position.

FOR THE YEAR ENDED DECEMBER 31, 2019	NETWORK INFRASTRUCTURE AND EQUIPMENT	LAND AND BUILDINGS	TOTAL

COST

January 1, 2019	3,329	2,453	5,782

Additions	527	513	1,040

Transfers	(233)	–	(233)

Acquired through business combinations	–	8	8

Lease terminations	(12)	(38)	(50)

Impairment losses recognized in earnings	(2)	(3)	(5)

December 31, 2019	3,609	2,933	6,542

ACCUMULATED DEPRECIATION

January 1, 2019	1,042	536	1,578

Depreciation	373	303	676

Transfers	(111)	–	(111)

Lease terminations	(3)	(22)	(25)

December 31, 2019	1,301	817	2,118

NET CARRYING AMOUNT

January 1, 2019	2,287	1,917	4,204

December 31, 2019	2,308	2,116	4,424


Question: What would the change in the total net carrying amount in 2019 be if the amount for January 1, 2019 is 4,224?

Answer: 200


Question: What would the change in the total accumulated depreciation in 2019 be if the amount for January 1, 2019 is 1,618?

Answer: 500


Question: What would be the change in vendor financed licenses between 2018 and 2019 if vendor financed licenses in 2019 were $10,000 thousand instead?

Answer: 6449

Context:
Other Current Liabilities The components of other current liabilities are included in the following table (in thousands):

	December 31,

	2019	2018

Operating lease liabilities	$15,049	$ —

Vendor financed licenses	9,667	3,551

Royalties payable	6,107	11,318

Accrued interest	9,212	8,407

Other	36,936	38,412

Total other current liabilities	$76,971	$61,688


Question: What would be the change in accrued interest between 2018 and 2019 if accrued interest in 2019 was $10,000 thousand instead?

Answer: 1593


Question: What would be the percentage change in total other current liabilities between 2018 and 2019 if total other current liabilities in 2019 was $80,000 thousand instead?

Answer: 29.68


Question: If the Income tax expense in September is reduced to 13 million, what is the revised average for the period September 29, and December 31, 2019?

Answer: 20.5

Context:
During the fourth and third quarters of 2019 and the fourth quarter of 2018, we recorded an income tax expense of $62 million, $28 million and $28 million, respectively, reflecting (i) in the third quarter of 2019 the estimated annual effective tax rate in each of our jurisdictions, applied to the consolidated results before taxes in the third quarter of 2019 and (ii) in both fourth quarters the actual tax charges and benefits in each jurisdiction as well as the true-up of tax provisions based upon the most updated visibility on open tax matters in several jurisdictions. and (ii) in both fourth quarters the actual tax charges and benefits in each jurisdiction as well as the true-up of tax provisions based upon the most updated visibility on open tax matters in several jurisdictions. and (ii) in both fourth quarters the actual tax charges and benefits in each jurisdiction as well as the true-up of tax provisions based upon the most updated visibility on open tax matters in several jurisdictions. Income tax expense

		Three Months Ended

	December 31, 2019	September 29, 2019	December 31, 2018

		(Unaudited, in millions)

Income tax expense	$(62)	$(28)	$(28)


Question: If the Income tax expense in 2019 is reduced to 53 million, what is the revised average for the period December 31, 2019 and 2018?

Answer: 40.5


Question: What would be the increase/ (decrease) in Income tax expense if the expenses in 2019 is increased to 68 million?

Answer: 40


Question: If the Fixed fee license revenue in 2019 increased to 51.1%, what would be the revised change from 2018 and 2019?

Answer: -24.2

Context:
Overview of 2019 Total revenues for 2019 were $36.0 million, a decrease of $75.0 million, or 68%, versus 2018. The decrease was primarily driven by the $70.9 million decrease in fixed fee license revenue and the $4.0 million decrease in per-unit royalty revenue. For 2019, we had a net loss of $20.0 million as compared to $54.3 million of net income for 2018. The $74.4 million decrease in net income was mainly related to the $75.0 million decrease in total revenue partially offset by a $0.5 million decrease in cost and operating expenses for 2019 compared to 2018. We adopted ASC 606, effective January 1, 2018. Consistent with the modified retrospective transaction method, our results of operations for periods prior to the adoption of ASC 606 remain unchanged. As a result, the change in total revenues from 2018 to 2019 included a component of accounting policy change arising from the adoption of ASC 606. The following table sets forth our consolidated statements of income data as a percentage of total revenues:

	Years Ended December 31,

	2019	2018	2017

Revenues:

Fixed fee license revenue	35.1 %	75.3 %	36.0 %

Per-unit royalty revenue	64.0	24.3	61.4

Total royalty and license revenue	99.1	99.6	97.4

Development, services, and other	0.9	0.4	2.6

Total revenues	100.0	100.0	100.0

Costs and expenses:

Cost of revenues	0.5	0.2	0.6

Sales and marketing	17.9	5.5	38.6

Research and development	21.8	8.8	33.6

General and administrative	119.4	37.7	152.4

Restructuring costs	—	—	4.6

Total costs and expenses	159.6	52.2	229.8

Operating income (loss)	(59.6)	47.8	(129.8)

Interest and other income	5.0	1.7	1.0

Other expense	0.2	(0.2)	0.9

Income (loss) before provision for income taxes	(54.4)	49.3	(127.9)

Provision for income taxes	(1.3)	(0.4)	(1.4)

Net income (loss)	(55.7)%	48.9 %	(129.3)%


Question: If the Per-unit royalty revenue in 2019 increased to 71.3%, what would be the revised change between 2018 and 2019?

Answer: 47


Question: If the Fixed fee license revenue in 2019 increased to 51.1%, what would be the revised average for 2018 and 2019?

Answer: 63.2


Question: What would be the difference in tangible assets acquired between Sumitomo and SmartRG if tangible assets acquired from Sumitomo was $8,000 thousand instead?

Answer: 594

Context:
Note 2 – Business Combinations In November 2018, we acquired SmartRG, Inc., a provider of carrier-class, open-source connected home platforms and cloud services for broadband service providers for cash consideration. This transaction was accounted for as a business combination. We have included the financial results of this acquisition in our consolidated financial statements since the date of acquisition. These revenues are included in the Subscriber Solutions & Experience category within the Network Solutions and Services & Support reportable segments. Contingent liabilities with a fair value totaling $1.2 million were recognized at the acquisition date, the payments of which were dependent upon SmartRG achieving future revenue, EBIT or customer purchase order milestones during the first half of 2019. The required milestones were not achieved and therefore, we recognized a gain of $1.2 million upon the reversal of these liabilities during the second quarter of 2019. An escrow in the amount of $2.8 million was set up at the acquisition date to fund post-closing working capital settlements and to satisfy indemnity obligations to the Company arising from any inaccuracy or breach of representations, warranties, covenants, agreements or obligations of the sellers. The escrow is subject to arbitration. In December 2019, $1.3 million of the $2.8 million was released from the escrow account pursuant to the agreement, with the final settlement of the remaining balance expected during the fourth quarter of 2020. The remaining minimum and maximum potential release of funds to the seller ranges from no payment to $1.5 million. We recorded goodwill of $3.5 million as a result of this acquisition, which represents the excess of the purchase price over the fair value of net assets acquired and liabilities assumed. We assessed the recognition and measurement of the assets acquired and liabilities assumed based on historical and forecasted data for future periods and concluded that our valuation procedures and resulting measures were appropriate. On March 19, 2018, we acquired Sumitomo Electric Lightwave Corp.’s (SEL) North American EPON business and entered into a technology license and OEM supply agreement with Sumitomo Electric Industries, Ltd. (SEI). This acquisition establishes ADTRAN as the North American market leader for EPON solutions for the cable MSO industry and it will accelerate the MSO market’s adoption of our open, programmable and scalable architectures. This transaction was accounted for as a business combination. We have included the financial results of this acquisition in our consolidated financial statements since the date of acquisition. These revenues are included in the Access & Aggregation and Subscriber Solutions & Experience categories within the Network Solutions reportable segment. We recorded a bargain purchase gain of $11.3 million during the first quarter of 2018, net of income taxes, which is subject to customary working capital adjustments between the parties. The bargain purchase gain of $11.3 million represents the difference between the fair-value of the net assets acquired over the cash paid. SEI, an OEM supplier based in Japan, is the global market leader in EPON. SEI’s Broadband Networks Division, through its SEL subsidiary, operated a North American EPON business that included sales, marketing, support, and region-specific engineering development. The North American EPON market is primarily driven by the Tier 1 cable MSO operators and has developed more slowly than anticipated. Through the transaction, SEI divested its North American EPON assets and established a relationship with ADTRAN. The transfer of these assets to ADTRAN, which included key customer relationships and a required assumption by ADTRAN of relatively low incremental expenses, along with the value of the technology license and OEM supply agreement, resulted in the bargain purchase gain. We have assessed the recognition and measurement of the assets acquired and liabilities assumed based on historical and forecasted data for future periods and we have concluded that our valuation procedures and resulting measures were appropriate. The gain is included in the line item ”Gain on bargain purchase of a business” in the 2018 Consolidated Statements of Income. The final allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date for SmartRG and the final allocation of the purchase price to the estimated fair value of the assets acquired and liabilities assumed at the acquisition date for Sumitomo are as follows: (In thousands)

(In thousands)	Sumitomo	SmartRG

Assets

Tangible assets aquired	$1,006	$8,594

Intangible assets	22,100	9,960

Goodwill	—	3,476

Total assets acquired	23,106	22,030

Liabilities

Liabilities Assumed	(3,978)	(6,001)

Total liabilities assumed	(3,978)	(6,001)

Total net assets	19,128	16,029

Gain on bargain purchase of a business, net of tax	(11,322)	—

Total purchase price	$7,806	$16,029


Question: What would be the difference in total purchase price between Sumitomo and SmartRG if the total purchase price for SmartRG was $15,000 thousand instead?

Answer: 7194


Question: What would be the total net assets of SmartRG as a ratio of the total net assets of Sumitomo if the total net assets of Sumitomo was $25,000 thousand instead?

Answer: 0.64


Question: If the Selling, general and administrative expenses in December 31, 2019 is increased to 367 million, what is the revised average for the period December 31, 2019 and September 29, 2019?

Answer: 317

Context:
The amount of our operating expenses increased by $43 million on a sequential basis, mainly driven by seasonality and salary dynamic. On a year-over-year basis, our operating expenses increased by $42 million, mainly due to salary dynamic and increased spending on certain R&D programs, partially offset by favorable currency effects, net of hedging. Fourth quarter 2019 R&D expenses were net of research tax credits in France and Italy, which amounted to $37 million, compared to $29 million in the third quarter of 2019 and $39 million in the fourth quarter of 2018.

		Three Months Ended		% Variation

	December 31, 2019	September 29, 2019	December 31, 2018	Sequential	Year-Over-Year

			(Unaudited, in millions)

Selling, general and administrative expenses	$(285)	$(267)	$(285)	(6.3)%	0.4%

Research and development expenses	(387)	(362)	(345)	(7.0)	(12.3)

Total operating expenses	$(672)	$(629)	$(630)	(6.7)%	(6.6)%

As percentage of net revenues	(24.4)%	(24.7)%	(23.8)%	+30 bps	-60 bps


Question: If the Research and development expenses in 2019 is increased to 481 million, what is the revised average for the period December 31, 2019 and 2018?

Answer: 413


Question: What would be the increase/ (decrease) of total operating expenses if the expenses in 2019 is reduced to 567 million?

Answer: -63


Question: What is the average number of basic weighted-average shares outstanding from 2017-2019 if the value in 2019 is 30,000 instead?

Answer: 29709.67

Context:
15. AVERAGE SHARES OUTSTANDING Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive common shares include nonvested stock awards and units, stock options, and non-management director stock equivalents. Performance share awards are included in the average diluted shares outstanding each period if the performance criteria have been met at the end of the respective periods. The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding in each fiscal year (in thousands):

	2019	2018	2017

Weighted-average shares outstanding — basic	25,823	28,499	30,630

Effect of potentially dilutive securities:

Nonvested stock awards and units	211	240	182

Stock options	10	40	59

Performance share awards	24	28	43

Weighted-average shares outstanding — diluted	26,068	28,807	30,914

Excluded from diluted weighted-average shares outstanding:

Antidilutive	186	150	76

Performance conditions not satisfied at the end of the period	65	44	53


Question: What is the difference in nonvested stock awards and units between 2018 and 2019 if the value in 2018 is 300 instead?

Answer: 89


Question: What is the percentage constitution of performance share awards among the total diluted weighted-average shares outstanding in 2018 if the value of performance share awards was 100 instead?

Answer: 0.35


Question: In which year would the weighted-average grant-date fair value of restricted share awards granted be the largest if the amount in 2019 was $97.77 instead?

Answer: 2019

Context:
Restricted Share Awards Restricted share awards, which are generally in the form of restricted share units, are granted subject to certain restrictions. Conditions of vesting are determined at the time of grant. All restrictions on an award will lapse upon death or disability of the employee. If the employee satisfies retirement requirements, a portion of the award may vest, depending on the terms and conditions of the particular grant. Recipients of restricted share units have no voting rights, but do receive dividend equivalents. For grants that vest through passage of time, the fair value of the award at the time of the grant is amortized to expense over the period of vesting. The fair value of restricted share awards is determined based on the closing value of our shares on the grant date. Restricted share awards generally vest in increments over a period of four years as determined by the management development and compensation committee. Restricted share award activity was as follows: The weighted-average grant-date fair value of restricted share awards granted during fiscal 2019, 2018, and 2017 was $77.77, $93.45, and $67.72, respectively. The total fair value of restricted share awards that vested during fiscal 2019, 2018, and 2017 was $48 million, $50 million, and $50 million, respectively. As of fiscal year end 2019, there was $64 million of unrecognized compensation expense related to nonvested restricted share awards, which is expected to be recognized over a weighted-average period of 1.7 years.

	Shares	Weighted-Average Grant-Date Fair Value

Nonvested at fiscal year end 2018	1,631,470	$ 75.39

Granted	692,899	77.77

Vested	(689,040)	70.31

Forfeited	(232,910)	78.80

Nonvested at fiscal year end 2019	1,402,419	$ 78.36


Question: What would the change in the Weighted-Average Grant-Date Fair Value for nonvested shares in 2019 from 2018 be if the weighted-average grant-date fair value in 2019 was $78.39 instead?

Answer: 3


Question: What would the percentage change in the Weighted-Average Grant-Date Fair Value for nonvested shares in 2019 from 2018 be if the weighted-average grant-date fair value in 2019 was $78.39 instead?

Answer: 3.98


Question: What is the change in expected volatility between 2018 and 2019 if the expected volatility in 2018 is 20.0% instead?

Answer: 5

Context:
Share-based payments expense for the period was $62,028,117 (2018: $57,710,434). The variables in the table below are used as inputs into the model to determine the fair value of performance rights. (1) Grant date represents the offer acceptance date. (2) The expected volatility is based on the historical implied volatility calculated based on the weighted average remaining life of the performance rights adjusted for any expected changes to future volatility due to publicly available information.

	2019	2018

	F19 LTI	F18 LTI

Grant date (1)	30 Nov 2018	31 Oct 2017

Performance period start date	1 Jul 2018	1 Jul 2017

Exercise date	1 Jul 2021	1 Jul 2020

Expected volatility (2)	15.0%	16.0%

Expected dividend yield	4.0%	4.0%

Risk-free interest rate	2.1%	1.9%

Weighted average fair value at grant date	$24.63	$20.23


Question: What is the average risk-free interest rate for 2018 and 2019 if the risk-free interest rate in 2019 is 3.1% instead?

Answer: 2.5


Question: What is the change in expected dividend yield between 2018 and 2019 if the expected dividend yield in 2019 is 5.0% instead?

Answer: 1


Question: What would the sum of total operating lease obligations and Long-term debt obligations including interest be if operating lease obligations was $90,000 thousand instead?

Answer: 424500

Context:
Contractual Obligations Our principal commitments consist of obligations for outstanding debt, leases for our office space, contractual commitments for professional service projects, and third-party consulting firms. The following table summarizes our contractual obligations at December 31, 2019 (in thousands):

			Payment Due by period

	Total	Less than 1 Year	1-3 Years	3-5 Years	More than 5 Years

Long-term debt obligations including interest	$334,500	$17,250	$317,250	$—	$—

Operating lease obligations	82,895	9,434	47,410	15,226	10,825

Software subscription and other contractual obligations	18,726	12,371	6,355	—	—

	$436,121	$39,055	$371,015	$15,226	$10,825


Question: What would the percentage of the total obligations that consists of software subscription and other contractual obligations be if total obligations were $450,000 thousand, without change in Software subscription and other contractual obligations?

Answer: 4.16


Question: What would the percentage of the total obligations that consists of payments due in 1-3 years be if total obligations were $450,000 thousand without change to payments due in 1-3 years?

Answer: 82.45


Question: Between April 1 - April 30, 2019 and May 1 - May 31, 2019, which period would have a greater amount of maximum number of shares that may yet be purchased under the plans if the latter was 3,500,000 instead of 3,482,713?

Answer: April 1 - April 30, 2019

Context:
Issuer Purchases of Equity Securities The following shares of the Company were repurchased during the quarter ended June 30, 2019: (1) 250,000 shares were purchased through a publicly announced repurchase plan. There were no shares surrendered to the Company to satisfy tax withholding obligations in connection with employee restricted stock awards. (2) Total stock repurchase authorizations approved by the Company’s Board of Directors as of February 17, 2015 were for 30.0 million shares. These authorizations have no specific dollar or share price targets and no expiration dates.

	Total Number of Shares Purchased (1)	Average Price of Share	Total Number of Shares Purchased as Part of Publicly Announced Plans (1)	Maximum Number of Shares that May Yet Be Purchased Under the Plans (2)

April 1 - April 30, 2019	—	$—	—	3,732,713

May 1 - May 31, 2019	250,000	$134.35	250,000	3,482,713

June 1 - June 30, 2019	—	$—	—	3,482,713

Total	250,000	$134.35	250,000	3,482,713


Question: What would be the cost of the shares purchased from May 1 - May 31, 2019 if average price per share was $135 instead of $134.35?

Answer: 33750000


Question: What percentage of maximum shares that may yet be purchased under the plans as at April 1 - April 30, 2019 would be the maximum number of shares that may be purchased as at May 1 - May 31,2019 if the latter was 3,400,000 instead of 3,482,713?

Answer: 91.09


Question: If the Current income tax expense in December 31, 2019 reduced to 22,984 thousand, what would be the revised change between 2018 and 2019)?

Answer: 5526

Context:
The components of the provision for income tax expense are as follows: Included in the Company's current income tax expense are provisions for uncertain tax positions relating to freight taxes. The Company does not presently anticipate that its provisions for these uncertain tax positions will significantly increase in the next 12 months; however, this is dependent on the jurisdictions of the trading activity of its vessels. The Company reviews its freight tax obligations on a regular basis and may update its assessment of its tax positions based on available information at the time. Such information may include legal advice as to the applicability of freight taxes in relevant jurisdictions. Freight tax regulations are subject to change and interpretation; therefore, the amounts recorded by the Company may change accordingly. The tax years 2008 through 2019 remain open to examination by some of the major jurisdictions in which the Company is subject to tax. (all tabular amounts stated in thousands of U.S. dollars, other than share data and unless otherwise indicated)

	Year Ended December 31, 2019	Year Ended December 31, 2018	Year Ended December 31, 2017

	$	$	$

Current	(25,563)	(17,458)	(11,997)

Deferred	81	(2,266)	(235)

Income tax expense	(25,482)	(19,724)	(12,232)


Question: Which year would have higher current income tax expense if the value in 2019 was $(20,000) instead?

Answer: 2019


Question: If the Income tax expense in December 31, 2019 reduced to 21,526 thousand, what would be the revised change between 2018 and 2019?

Answer: 1802


Question: If Canadian broadband services in 2019 was 1,300,000 million, what was the increase / (decrease)?

Answer: 94

Context:
REVENUE (1) Fiscal 2019 average foreign exchange rate used for translation was 1.3255 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 fiscal 2018 which was 1.2773 USD/CDN. Fiscal 2019 revenue increased by 8.6% (6.8% in constant currency) resulting from: • a growth in the American broadband services segment mainly due to the impact of the MetroCast acquisition which was included in revenue for only an eight-month period in the prior year combined with strong organic growth and the acquisition of the south Florida fibre network previously owned by FiberLight, LLC (the "FiberLight acquisition"); partly offset by • a decrease in the Canadian broadband services segment mainly as a result of: ◦ a decline in primary service units in the fourth quarter of fiscal 2018 and the first quarter of 2019 from lower service activations primarily due to issues resulting from the implementation of a new customer management system; partly offset by ◦ rate increases; and ◦ higher net pricing from consumer sales. For further details on the Corporation’s revenue, please refer to the "Segmented operating and financial results" section.

Years ended August 31,

(in thousands of dollars, except percentages)	2019 (1) $	2018 (2) $	Change %	Change in constant currency (3) %	Foreign exchange impact (3) $

Canadian broadband services	1,294,967	1,299,906	(0.4)	(0.4)	-

American broadband services	1,036,853	847,372	22.4	17.9	37,433

Inter-segment eliminations and other	-	126	(100.0)	(100.0)	-

	2,331,820	2,147,404	8.6	6.8	37,433


Question: If American broadband services in 2019 was 1,100,000 million, what was the average?

Answer: 973686


Question: If Inter-segment eliminations and other in 2019 was 150 million, what was the increase / (decrease)?

Answer: 24


Question: How many weighted average assumptions are used to measure the fair value of 2017 ESPP rights, if volatility is not an weighted average assumption?

Answer: 3

Context:
2017 ESPP In May 2017, we adopted the 2017 Employee Stock Purchase Plan (the “2017 ESPP”). The 2017 ESPP grants employees the ability to designate a portion of their base-pay to purchase ordinary shares at a price equal to 85% of the fair market value of our ordinary shares on the first or last day of each 6 month purchase period. Purchase periods begin on January 1 or July 1 and end on June 30 or December 31, or the next business day if such date is not a business day. Shares are purchased on the last day of the purchase period. The table below sets forth the weighted average assumptions used to measure the fair value of 2017 ESPP rights: We recognize share-based compensation expense associated with the 2017 ESPP over the duration of the purchase period. We recognized$0.3 million, $0.3 million, and $0.1 million of share-based compensation expense associated with the 2017 ESPP during 2019, 2018, and 2017, respectively. At December 27, 2019, there was no unrecognized share-based compensation expense.

	Year Ended

	December 27, 2019	December 28, 2018	December 29, 2017

Weighted average expected term	0.5 years	0.5 years	0.4 years

Risk-free interest rate	2.3%	1.9%	1.1%

Dividend yield	0.0%	0.0%	0.0%

Volatility	56.0%	52.7%	47.8%


Question: What was the average risk-free interest rate for the 3 year period from 2017 to 2019, if the risk-free interest rate for 2017 was 1.5% instead?

Answer: 1.9


Question: How many years during the 3 year period had volatility of greater than 53.0%?

Answer: 1


Question: If the Canadian broadband services in 2019 increased to 95,893 what is the revised increase / (decrease)?

Answer: 6488

Context:
ACQUISITIONS OF PROPERTY, PLANT AND EQUIPMENT The acquisitions of property, plant and equipment as well as the capital intensity per operating segment are as follows: (1) Fiscal 2018 was restated to comply with IFRS 15 and to reflect a change in accounting policy. For further details, please consult the "Accounting policies" section. (2) 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 acquisitions of property, plant and equipment decreased by 10.6% (11.2% in constant currency) mainly due to lower capital expenditures in the Canadian and American broadband services segments. Fiscal 2019 fourth-quarter capital intensity reached 24.9% compared to 28.7% for the same period of the prior year mainly as a result of lower capital capital expenditures combined with higher revenue.

Three months ended August 31,	2019	2018	Change	Change in constant currency(2)

(in thousands of dollars, except percentages)	$	$	%	%

Canadian broadband services	79,132	89,405	(11.5)	(11.7)

Capital intensity	24.7%	28.0%

American broadband services	65,967	72,914	(9.5)	(10.5)

Capital intensity	25.0%	29.6%

Consolidated	145,099	162,319	(10.6)	(11.2)

Capital intensity	24.9%	28.7%


Question: If the American broadband services in 2019 increased to 99,893 what is the revised increase / (decrease)?

Answer: 26979


Question: If the Consolidated in 2019 increased to 179,893 what is the revised increase / (decrease)?

Answer: 17574


Question: If the Net sales in 2019 is increased to 9,912 million, what is the revised average?

Answer: 9277.33

Context:
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%. 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. 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.

	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%


Question: If the other revenues in 2019 is increased to 30 million, what is the revised average?

Answer: 40.33


Question: If the Net revenues in 2019 is increased to 10,912 million, what is the revised average?

Answer: 9641


Question: What is the median remuneration of employees for the financial year if the median remuneration in the previous year was $96,000?

Answer: 99552

Context:
@ As a policy, N Chandrasekaran, Chairman, has abstained from receiving commission from the Company and hence not stated. @@ In line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in full time employment with any other Tata company and hence not stated. * Relinquished the position of Independent Director w.e.f. July 10, 2018. ** Relinquished the position of Independent Director w.e.f. September 28, 2018. *** Appointed as an Additional and Independent Director w.e.f. December 18, 2018. **** Appointed as an Additional and Independent Director w.e.f. January 10, 2019. ^ Since the remuneration is only for part of the year, the ratio of their remuneration to median remuneration and percentage increase in remuneration is not comparable and hence, not stated. ^^ Remuneration received in FY 2019 is not comparable with remuneration received in FY 2018 and hence, not stated. Particulars of employees The information required under Section 197 of the Act read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are given below: a. The ratio of the remuneration of each director to the median remuneration of the employees of the Company and percentage increase in remuneration of each Director, Chief Executive Officer, Chief Financial Officer and Company Secretary in the financial year: b. The percentage increase in the median remuneration of employees in the financial year: 3.70 percent c. The number of permanent employees on the rolls of Company: 424,285 d. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration: The average annual increase was 6 percent in India. However, during the course of the year, the total increase is approximately 7.2 percent, after accounting for promotions and other event based compensation revisions. Employees outside India received a wage increase varying from 2 percent to 5 percent. The increase in remuneration is in line with the market trends in the respective countries. Increase in the managerial remuneration for the year was 14.66 percent. e. Affirmation that the remuneration is as per the remuneration policy of the Company: The Company affirms that the remuneration is as per the remuneration policy of the Company. f. The statement containing names of top ten employees in terms of remuneration drawn and the particulars of employees as required under Section 197(12) of the Act read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report. Further, the report and the accounts are being sent to the Members excluding the aforesaid annexure. In terms of Section 136 of the Act, the said annexure is open for inspection at the Registered Office of the Company. Any Member interested in obtaining a copy of the same may write to the Company Secretary.

Name	Ratio to median remuneration	% increase in remuneration in the financial year

Non-executive directors

N Chandrasekaran@	-	-

Aman Mehta	51.55	5.00

V Thyagarajan*	^	^

Prof Clayton M Christensen**	^	^

Dr Ron Sommer	36.00	4.76

O P Bhatt	35.18	7.50

Aarthi Subramanian@@	-	-

Dr Pradeep Kumar Khosla	24.55	^^

Hanne Sorensen***	^	^

Keki Mistry***	^	^

Don Callahan****	^	^

Executive directors

Rajesh Gopinathan	262.30	28.31

N Ganapathy Subramaniam	190.01	24.88

Chief Financial Officer

Ramakrishnan V	-	22.58

Company Secretary

Rajendra Moholkar	-	18.23


Question: If the % increase in remuneration for Dr Ron Sommer is 6.00, what is the average % increase in remuneration in the financial year for the Director, Chief Executive Officer, Chief Financial Officer and Company Secretary?

Answer: 16.07


Question: What ratio to median remuneration would N Ganapathy Subramaniam need to have so that the difference in ratio to median remuneration between the two Executive Directors is 60?

Answer: 202.3


Question: If revenue in 2019 was 270,000 thousands, what was the increase / (decrease) in revenue from 2018 to 2019?

Answer: 23557

Context:
(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. For further details, please consult the "Accounting policies" section. (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. REVENUE Fiscal 2019 fourth-quarter revenue increased by 7.0% (6.0% in constant currency). In local currency, revenue amounted to US$199.5 million compared to US$188.1 million for the same period of fiscal 2018. The increase resulted mainly from: • rate increases; • activation of bulk properties in Florida during the fourth quarter of fiscal 2019; • continued growth in Internet service customers; and • the FiberLight acquisition completed in the first quarter of fiscal 2019; partly offset by • a decrease in video service customers. OPERATING EXPENSES Fiscal 2019 fourth-quarter operating expenses increased by 8.6% (7.6% in constant currency) mainly as a result of: • programming rate increases; • the FiberLight acquisition completed in the first quarter of fiscal 2019; • higher compensation expenses due to higher headcount to support growth; and • higher marketing initiatives to drive primary service units growth. ADJUSTED EBITDA Fiscal 2019 fourth-quarter adjusted EBITDA increased by 5.1% (4.1% in constant currency). In local currency, adjusted EBITDA amounted to US$87.4 million compared to US$83.9 million for the same period of fiscal 2018. The increase was mainly due to organic growth combined with the impact of the FiberLight acquisition. ACQUISITIONS OF PROPERTY, PLANT AND EQUIPMENT Fiscal 2019 fourth-quarter acquisitions of property, plant and equipment decreased by 9.5% (10.5% in constant currency) mainly due to: • lower purchases of customer premise equipment due to the timing of certain initiatives; and • lower capital expenditures due to the timing of certain initiatives; partly offset by • additional capital expenditures related to the expansion in Florida.

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)	$	$	%	%	$

Revenue	263,738	246,443	7.0	6.0	2,427

Operating expenses	148,215	136,506	8.6	7.6	1,370

Adjusted EBITDA	115,523	109,937	5.1	4.1	1,057

Adjusted EBITDA margin	43.8%	44.6%

Acquisitions of property, plant and equipment	65,967	72,914	(9.5)	(10.5)	704

Capital intensity	25.0%	29.6%


Question: If revenue in 2019 was 150,000 thousands, what was the increase / (decrease) in operating expenses from 2018 to 2019?

Answer: 13494


Question: If Adjusted EBITDA in 2019 was 120,000 thousands, what was the average?

Answer: 114968.5


Question: In which year would diluted net income per common share be larger if the amount in 2018 was $2.60 instead?

Answer: 2018

Context:
Pro Forma Information The following unaudited pro forma information gives effect to the acquisition of AutoGuide as if the acquisition occurred on January 1, 2018 and the acquisition of MiR as if the acquisition occurred on January 1, 2017. The unaudited pro forma results are not necessarily indicative of what actually would have occurred had the acquisition been in effect for the periods presented: Pro forma results for the year ended December 31, 2019 were adjusted to exclude $1.2 million of AutoGuide acquisition related costs and $0.1 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory. Pro forma results for the year ended December 31, 2018 were adjusted to include $1.2 million of AutoGuide acquisition related costs and $0.4 million of AutoGuide non-recurring expense related to fair value adjustment to acquisition-date inventory. Pro forma results for the year ended December 31, 2018 were adjusted to exclude $2.9 million of MiR acquisition related costs and $0.4 million of MiR non-recurring expense related to fair value adjustment to acquisition-date inventory.

	For the Year Ended

	December 31, 2019	December 31, 2018

	(in thousands, except per share amounts)

Revenues	$2,303,737	$2,111,373

Net income	$464,602	$442,082

Net income per common share:

Basic	$2.73	$2.36

Diluted	$2.59	$2.30


Question: What would the change in diluted net income per common share from 2018 to 2019 be if the amount in 2019 was $2.60 instead?

Answer: 0.3


Question: What would the percentage change in diluted net income per common share from 2018 to 2019 be if the amount in 2019 was $2.60 instead?

Answer: 13.04