- PPL or Pizza Pizza
Pizza Pizza Limited
- Pizza 73
Flying Pizza 73 and it’s affiliated companies
Pizza Pizza Royalty Limited Partnership
- Pizza Pizza Royalty Corp.
Pizza Pizza Royalty Corp. (“PPRC”) trades on the TSX under the symbol “PZA”. On 01/01/2013 PPRC, formerly Pizza Pizza Royalty Income Fund, began trading.
The Fund´s initial public offering closing date: July 6, 2005
- Fiscal Year
As it applies to the Fund and Partnership, for 2005, it means July 6 to December 31; after January 1, 2006, it means January 1 to December 31. As it applies to PPL, prior to 2005, it means a 52-week reporting period ending on the Sunday closest to September 30. Every five or six years PPL´s fiscal year includes an extra (or 53rd) week. Fiscal 2005 consisted of 53 weeks, while fiscal 2004 consisted of 52 weeks. After October 2, 2005, it means the remainder of calendar 2005 to December 31, at which time PPL will switch its year end to the Sunday closest to December 31.
- Pizza Pizza Limited Consolidated
As it applies to the fiscal year ended October 2, 2005, it means the 53 weeks of operations of PPL and its subsidiary’s operations from July 6 to September 30, 2005. From the year ended January 1, 2006, PPL and the Partnership were consolidated quarterly and had co-terminus quarter end and year end dates with the Fund. Beginning January 1, 2011, with the adoption of IFRS, the PPL consolidated statement will no longer include the Partnership. The Partnership is consolidate with PPRIF or PPRC.
- System Sales
Gross sales generated from Pizza Pizza and Pizza 73 restaurants in Canada
The increase in gross sales generated from Pizza Pizza and Pizza 73 restaurants in Canada that have been open 12 months.
- Royalty Pool
In any period, those Pizza Pizza restaurants on which a royalty equating to 6% of their System Sales is to be paid to the Partnership and those Pizza 73 restaurants on which a royalty equating to 9% of their system sales is paid to the partnership.
- Quick Service Restaurants (QSR)
The QSR segment of the Canadian commercial foodservice industry usually contains establishments having counter service and emphasizes take-out and delivery.
- Non-Controlling Interest
The Fund´s indirect interest in the Partnership
- PPL Rights
The Fund used the proceeds of the initial public offering to indirectly acquire, through the Partnership, the trademarks, trade names, operating procedures and systems and other intellectual property and proprietary rights and all goodwill associated therewith owned by PPL and used in connection with the operation of all restaurants operated by Pizza Pizza, its subsidiaries and its franchisees (collectively, the “PPL Rights”).
- P73 Rights
The Fund used the proceeds of the private placement to indirectly acquire, through the partnership, the trademarks and other intellectual property and proprietary rights and all good will associated there with owned by Pizza 73 and it’s affiliates.
- PPL or Pizza Pizza