2012 Annual Report - Domino's Pizza

NOTES TO THE FINANCIAL STATEMENTS CONTINUED
(iv) Other transactions with directors
of the Consolidated entity
During the financial year, directors and their
related parties purchased goods, which
were domestic or trivial in nature, from the
Company on the same terms and conditions
available to employees and customers.
(v) Transactions with key management
personnel of Domino’s Pizza
Enterprises Limited
During the financial year, key management
personnel and their related parties
purchased goods, which were domestic
or trivial in nature, from the Company on
the same terms and conditions available
to employees and customers.
(vi) Transactions with other related parties
Other related parties include:
• associates;
• directors of related parties and their
director-related entities; and
• other related parties.
Where applicable, details of dividend and
interest revenue from other related parties are
disclosed in note 7 to the financial statements.
(vii) Transactions within the
wholly-owned group
The wholly-owned-group includes:
• the ultimate parent entity in the
wholly-owned group;
• wholly-owned controlled entities; and
• other entities in the wholly-owned group.
The wholly-owned Australian entities within
the Group are taxed as a single entity
effective from 1 July 2003. The entities in
the tax-consolidated group have not entered
into a tax sharing agreement or tax funding
agreement. Income tax liabilities payable
to the taxation authorities in respect of the
tax-consolidated group are recognised in
the financial statements of the parent entity.
Refer to note 17 to the financial statements
for members of the tax-consolidated group.
The Company provided accounting,
marketing, legal and administration services
to entities in the wholly-owned group
during the financial year. The Company
also paid costs on behalf of entities in the
wholly-owned group and subsequently
on-charged these amounts to them.
During the financial year, Domino’s Pizza
New Zealand Limited provided management,
franchisee and store development services
to the Company. Domino’s Pizza New
Zealand Limited also collected debtor
receipts on behalf of the Company.
During the financial year, services
were provided by:
• Domino’s Pizza Enterprises Limited
to Domino’s Pizza France S.A.S. and
Domino’s Pizza Netherlands B.V.;
• DPEU Holdings S.A.S. to Domino’s
Pizza France S.A.S.;
• Domino’s Pizza Belgium S.P.R.L. to
Domino’s Pizza France S.A.S.; and
• Domino’s Pizza Netherlands B.V. to
Domino’s Pizza France S.A.S.
in accordance with the Service Agreements and
accordingly arm’s length fees were charged.
In the current financial year, current combined
target returns were achieved by Domino’s
Pizza France S.A.S. and Domino’s Pizza
Netherlands B.V.. Accordingly, Domino’s Pizza
Enterprises Limited charged a DPI royalty.
Other transactions that occurred during
the financial year between entities in
the wholly-owned group were:
• advancement of loans;
• sale of plant & equipment;
• royalty fees;
• administration recharges;
• interest charges; and
• withholding tax payments.
(viii) Parent entities
The parent entity and the ultimate parent
entity in the Consolidated entity is
Domino’s Pizza Enterprises Limited.
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ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES LIMITED