2012 Annual Report - Domino's Pizza

More documents

Recommendations

Info

GLOSSARY ASIC means the Australian Securities & Investments Commission. ASX means Australian Securities Exchange Limited (ABN 98 008 624 691). Australian Store Network means the network of Corporate Stores and Franchised Stores located in Australia. Board or Board of Directors or Directors means the Board of Directors of the Company. CAGR means Compound Annual Growth Rate. Capital Reduction means the selective reduction of capital described in Section 11.4 of the prospectus. Company means Domino’s Pizza Enterprises Limited (ACN 010 489 326). Corporate Store means a Domino’s Pizza store owned and operated by the Company. Corporate Store Network means the network of Corporate Stores. Corporations Act means the Corporations Act 2001 (Clth). Directors means the Directors of the Company from time to time. Director and Executive Share and Option Plan or ESOP means the Domino’s Pizza Director and Executive Share and Option Plan summarised in note 33 to the financial statements. Domino’s means the Domino’s Pizza brand and network, owned by Domino’s Pizza, Inc. Domino’s Pizza means the Company and each of its subsidiaries. Domino’s Pizza Stores means Corporate Stores and Franchised Stores. DPE Limited means Domino’s Pizza Enterprises Limited (ACN 010 489 326) Earnings Per Share or EPS means NPAT divided by the total number of Shares on issue. EBIT means earnings before interest expense and tax. EBITA means earnings before interest expense, tax and amortisation. EBITDA means earnings before interest expense, tax, depreciation and amortisation. Existing Store Sales Growth means sales growth of stores that have been trading for 54 weeks or more. European Same Store Sales Growth means comparable growth in sales across those European stores that were in operation at least 12 months prior to the date of the reported period. Franchised Store means a pizza store owned and operated by a Franchisee and Franchise Network means the network of Franchised Stores. Franchisees means persons and entities who hold a franchise from the Company to operate a pizza store under the terms of a sub-franchise agreement. Listing Rules means the Listing Rules of the ASX. Network or Domino’s Pizza Network or Network Stores means the network of Corporate Stores and Franchised Stores. Network Sales means the total sales generated by the Network. New Zealand Network means the network of Corporate Stores and Franchised Stores located in New Zealand. NPAT means net profit after tax. Related Bodies Corporate has the meaning given to it by section 50 of the Corporations Act. Registry means Link Market Services Pty Limited. Same Store Sales Growth means comparable growth in sales across those stores that were in operation at least 12 months prior to the date of the reported period. Share means any fully paid ordinary share in the capital of the Company. 88 ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES LIMITED
CORPORATE DIRECTORY DIRECTORS Ross Adler Non-Executive Chairman Ross has held numerous Directorships including Non-Executive Director of the Commonwealth Bank of Australia from 1991 to 2004 and Director of Telstra from 1995 to 2001. His other appointments include Chief Executive Officer of Santos Limited from 1984 to 2000 and Chairman of AUSTRADE from 2001 to 2006. Ross is currently Executive Chairman of Amtrade International Pty Ltd and holds a Bachelor of Commerce from Melbourne University as well as an MBA from Columbia University. Barry Alty Non-Executive Director Barry has over 46 years’ experience in the retail industry. He has worked with a number of leading retailers including Woolworths and Foodland. His senior management roles include Managing Director for Foodland in 1994 and General Manager for Queensland Independent Wholesalers in 1987. Barry has also held various other industry consulting appointments in Queensland and Papua New Guinea. Grant Bourke Non-Executive Director Grant joined Domino’s Pizza in 1993 as a franchisee and in 2001 sold his eight stores to Domino’s Pizza. In 2001, Grant became a Director for Domino’s Pizza and from 2001 to 2004 he managed the Company’s Corporate Store Operations. In July 2006, Grant was appointed Managing Director, Europe. Grant has been a Non-Executive Director since September 2007. Grant holds a Bachelor of Science (Food Technology) from the University of NSW and an MBA from The University of Newcastle. Paul Cave Non-Executive Director Paul is the Chairman and Founder of BridgeClimb, which he started in 1998. Paul and the BridgeClimb business have been highly recognised by the tourism and business community in Australia. Made a Member of the Order of Australia, in the Queen’s Birthday Honours 2010, for his services to the tourism industry. Awarded the National Entrepreneur of the Year (Business Award) in 2001, and the Australian Export Heroes Award in 2002-03. Worked in marketing and general management roles for B&D Roll-A-Door and also founded the Amber Group in 1974, which he sold in 1996. Director of Chris O’Brien Lifehouse at RPA, and founding Director of InterRisk Australia Pty Ltd. Paul holds a Bachelor of Commerce from the University of NSW. Don Meij Chief Executive Officer & Managing Director Don started as a delivery driver in 1987 and held various management positions with Silvio’s Dial-a-Pizza and Domino’s Pizza until 1996. Don then became a Domino’s Pizza franchisee, owning and operating 17 stores before selling them to Domino’s Pizza in 2001. At that time, Don became Chief Operating Officer and Chief Executive Officer / Managing Director in 2002. Don was Ernst & Young’s Australian Young Entrepreneur of the Year in 2004. LEADERSHIP TEAMS Australia and New Zealand Leadership Team Don Meij, Group Chief Executive Officer / Managing Director Richard Coney, Group Chief Financial Officer Andrew Rennie, Chief Operating Officer Chris O’Dwyer, National Franchise Operations Manager Allan Collins, Chief Marketing Officer Wayne McMahon, Group Chief Information Officer Craig Ryan, General Counsel & Company Secretary John Harney, General Manager - Supply Chain Lynn Carruthers, Group Financial Controller Pat McMichael, Chief Development Officer France/Belgium Leadership Team Melanie Gigon, President France Fabrice Faurie, Marketing Director Jacques Hameline, France Chief Development Officer Gregory Ousset, European Purchasing Manager Celine Albiges-Foury, Head of Legal The Netherlands Leadership Team Andre Ten Wolde, President The Netherlands Carolien Ten Cate, Head of Marketing and Development Richard De Gruijter, Chief Financial Officer Europe Operations Eugene McLacken, IT Director, Europe BOARD OF DIRECTORS Ross Adler Non-Executive Chairman Barry Alty Non-Executive Director Paul Cave Non-Executive Director Grant Bourke Non-Executive Director Don Meij Chief Executive Officer / Managing Director COMPANY SECRETARY Mr C.A. Ryan BA LLB LLM ACIS ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES LIMITED 89
Page 1 and 2:
Theatre Of Food ANNUAL REPORT 2012
Page 3 and 4:
RECORD GROWTH IN EUROPE - TOTAL NET
Page 5 and 6:
CHAIRMAN’S message Embracing tech
Page 7 and 8:
Financial PERFORMANCE Investing in
Page 9 and 10:
Digital Australia and New Zealand O
Page 11 and 12:
New stores new designs Australia an
Page 13 and 14:
The Future We remain focused and de
Page 15 and 16:
Healthier CHOICES A rally to health
Page 17:
Healthier ingredients Domino’s pr
Page 20 and 21:
Theatre Of Food For THE LOve of FOO
Page 22 and 23:
Connecting Through technology Techn
Page 24 and 25:
FRANCE AND BELGIUM To interact with
Page 26 and 27:
Domino’s Pizza Enterprises Ltd 8t
Page 28 and 29:
KEY FINANCIAL INDICATORS 2006 2007
Page 30 and 31:
CORPORATE GOVERNANCE STATEMENT CONT
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
DIRECTORS’ REPORT The directors o
Page 38 and 39:
DIRECTORS’ REPORT CONTINUED Share
Page 40 and 41:
DIRECTORS’ REPORT CONTINUED REMUN
Page 42 and 43:
DIRECTORS’ REPORT CONTINUED REMUN
Page 44 and 45:
DIRECTORS’ REPORT CONTINUED BONUS
Page 46 and 47:
DIRECTORS’ REPORT CONTINUED The f
Page 48 and 49:
AUDITOR’S INDEPENDENCE DECLARATIO
Page 50 and 51:
INDEPENDENT AUDITOR’S REPORT CONT
Page 53 and 54:
INDEX TO THE FINANCIAL REPORT CONTE
Page 55 and 56:
CONSOLIDATED STATEMENT OF FINANCIAL
Page 57 and 58:
CONSOLIDATED STATEMENT OF CASH FLOW
Page 59 and 60:
2.2 Standards and Interpretations a
Page 61 and 62:
3. SIGNIFICANT ACCOUNTING POLICIES
Page 63 and 64: 3.8.5 Dividend and interest revenue
Page 65 and 66: For certain categories of financial
Page 67 and 68: 3.20 Impairment of tangible and int
Page 69 and 70: 4. CRITICAL ACCOUNTING JUDGEMENTS A
Page 71 and 72: 6.3 Segment assets and liabilities
Page 73 and 74: 10. INCOME TAXES 10.1 Income tax re
Page 75 and 76: 10.4 Deferred tax balances 2012 OPE
Page 77 and 78: 11. PROFIT FOR THE YEAR FROM CONTIN
Page 79 and 80: 13. TRADE AND OTHER RECEIVABLES Tra
Page 81 and 82: Ageing of loans to franchisees Amou
Page 83 and 84: 18. PROPERTY, PLANT AND EQUIPMENT 2
Page 85 and 86: Key assumptions The key assumptions
Page 87 and 88: 22. TRADE AND OTHER PAYABLES Trade
Page 89 and 90: 26. OTHER LIABILITIES 2012 $’000
Page 91 and 92: 29. RESERVES Foreign currency trans
Page 93 and 94: 32.1.1 Gearing ratio Debt (i) 14,04
Page 95 and 96: The following table details the val
Page 97 and 98: 32.9 Liquidity risk management The
Page 99 and 100: The following share-based payment a
Page 101 and 102: 34. KEY MANAGEMENT PERSONNEL COMPEN
Page 103 and 104: The compensation of each member of
Page 105 and 106: Executive share options of Domino
Page 107 and 108: 36. ACQUISITION OF BUSINESSES NAME
Page 109 and 110: 37.1 Reconciliation of profit for t
Page 111 and 112: 43. PARENT ENTITY INFORMATION 43.1
Page 113: TWENTY LARGEST HOLDERS OF QUOTED EQ
Page 117 and 118: ANNUAL REPORT 2012 DOMINO’S PIZZA
show all

2012 Annual Report - Domino's Pizza

Create successful ePaper yourself

Delete template?

Save as template?