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1、2014 Annual ReportAPPETITEOUR APPETITE FOR GROWTH CONTINUES THROUGH DESIRE,DESIGN&DRIVERestaurant Brands capability in running and supporting franchise restaurant operations underpins a multi-faceted structure that keeps the business constantly growing and improving.1Restaurant Brands New Zealand Li
2、mited is a corporate franchisee that operates the New Zealand outlets of KFC,Pizza Hut,Starbucks Coffee and Carls Jr.These brands four of the worlds most famous are distinguished for their product,look,style and ambience,service and for the total experience they deliver to their customers in New Zea
3、land and around the world.Contents02Financial highlights03Year in review04Chairmans&Chief Executives report10The drive to win comes from within14KFC operations16Pizza Hut operations18Carls Jr.operations20Starbucks Coffee operations22Board of directors24Community spirited,sustainably principled27Cons
4、olidated income statement28Non-GAAP financial measures30Financial statements64Independent auditors report65Shareholder information67Statutory information70Statement of corporate governance74Corporate directory75Financial calendar2 2All figures in$NZm unless stated200920102011201220132014Financial pe
5、rformance Sales*KFC211.5223.2235.8236.3237.0241.5Pizza Hut 64.664.259.345.547.948.4Starbucks Coffee33.030.529.326.525.125.0Carls Jr.1.914.3Pizza Hut Victoria0.3Total309.4317.8324.4308.2311.9329.3EBITDA before G&A*KFC38.046.352.145.645.344.5Pizza Hut 2.85.45.62.13.85.5Starbucks Coffee2.93.24.13.72.93
6、.5Carls Jr.(0.5)Pizza Hut VictoriaTotal43.754.961.951.451.553.5EBIT15.629.235.024.422.728.2NPAT(reported)8.319.524.316.916.220.0NPAT(excluding non-trading)11.719.925.118.417.718.9Financial position/cash flowShare capital25.625.826.626.626.726.8Total equity37.148.758.959.860.364.7Total assets101.1103