FINANCIAL

ACCOUNTING

COMPANY NAME : Domino’s

Name : Yashas S
Sem 1 section ‘A’

INCOME STATEMENT
Year Year Year Year Year
Ending Ending Ending Ending Ending
 Jan 2023 Jan 2022 Jan 2021 Dec 2019 Dec 2018
Particulars (Update) (Update) (Update) (Update) (Update)
---------------------------------------------------- ----------- ------------ ------------ ------------ ------------
4357.37 4117.41 3618.77 3432.86
Net sales 4537.158 3 1 4 7
4357.37 4117.41 3618.77 3432.86
Revenue 4537.158 3 1 4 7
4357.37 4117.41 3618.77 3432.86
Total Revenue 4537.158 3 1 4 7
2669.13 2522.91 2216.27 2130.18
Cost of Revenue 2888.552 1 8 5 8
2669.13 2522.91 2216.27 2130.18
Cost of Revenue, Total 2888.552 1 8 5 8
1688.24 1594.49 1402.49 1302.67
Gross Profit 1648.606 2 3 9 9
Selling/General/Administrative Expense 416.524 428.333 406.613 382.293 372.464
Advertising Expense 485.33 479.501 462.238 390.799 358.526
Selling/General/Admin. Expenses, Total 901.854 907.834 868.851 773.092 730.99
Other, Net -21.173
Other Operating Expenses, Total -21.173
3576.96 3391.76 2989.36 2861.17
Total Operating Expense 3769.233 5 9 7 8
Operating Income 767.925 780.408 725.642 629.407 571.689
Interest Expense - Non-Operating -198.254 -191.806 -172.166 -150.818 -146.345
Interest Expense, Net Non-Operating -198.254 -191.806 -172.166 -150.818 -146.345
Interest Income - Non-Operating 3.162 0.345 1.654 4.048 3.334
Investment Income - Non-Operating 0 36.758
Interest/Invest Income - Non-
Operating 3.162 37.103 1.654 4.048 3.334
Interest Inc.(Exp.),Net-Non-Op., Total -195.092 -154.703 -170.512 -146.77 -143.011
Net Income Before Taxes 572.833 625.705 555.13 482.637 428.678
Provision for Income Taxes 120.57 115.238 63.834 81.928 66.706
Net Income After Taxes 452.263 510.467 491.296 400.709 361.972
Net Income Before Extra. Items 452.263 510.467 491.296 400.709 361.972
Net Income 452.263 510.467 491.296 400.709 361.972
Income Available to Com Excl ExtraOrd 452.263 510.467 491.296 400.709 361.972
Income Available to Com Incl ExtraOrd 452.263 510.467 491.296 400.709 361.972
37.1982 38.9740 40.7663 41.8560
Basic Weighted Average Shares 35.72433 9 4 6 2
13.7228 12.6057
Basic EPS Excluding Extraordinary Items 12.65981 6 3 9.8294 8.64803
13.7228 12.6057
Basic EPS Including Extraordinary Items 12.65981 6 3 9.8294 8.64803
Diluted Net Income 452.263 510.467 491.296 400.709 361.972
37.6913 39.6407 41.9230 43.3312
Diluted Weighted Average Shares 36.09375 5 9 6 8
13.5433
Diluted EPS Excluding ExtraOrd Items 12.53023 5 12.3937 9.5582 8.3536
13.5433
Diluted EPS Including ExtraOrd Items 12.53023 5 12.3937 9.5582 8.3536
DPS - Common Stock Primary Issue 4.4 3.76 3.12 2.6 2.2
Gross Dividends - Common Stock 157.5 139.6 122.2 105.6 92.2
(Gain) Loss on Sale of Assets, Suppl. 1.813 1.189 2.922 2.023 -4.737
Other Unusual Expense(Income), Suppl. 0 0.509 0 0.509 0.532
Non-Recurring Items, Supplemental,
Total 1.813 1.698 2.922 2.532 -4.205
Total Special Items 1.813 1.698 2.922 2.532 -4.205
Normalized Income Before Taxes 574.646 627.403 558.052 485.169 424.473
Effect of Special Items on Income Taxes 0.3816 0.31273 0.336 0.42981 -0.65433
115.550 82.3578 66.0516
Inc Tax Ex Impact of Sp Items 120.9516 7 64.17 1 7
511.852 402.811 358.421
Normalized Income After Taxes 453.6944 3 493.882 2 3
511.852 402.811 358.421
Normalized Inc. Avail to Com. 453.6944 3 493.882 2 3
12.6720
Basic Normalized EPS 12.69987 13.7601 8 9.88097 8.5632
12.4589
Diluted Normalized EPS 12.56989 13.5801 3 9.60834 8.27165
Amort of Intangibles, Supplemental 28.5 24.3 23 22.8 18.7
Depreciation, Supplemental 51.8 48.6 42 37.1 35
Interest Expense, Supplemental 198.254 191.806 172.166 150.818 146.345
Rental Expense, Supplemental 79.6 78.6 73.7 69.7 62.5
Stock-Based Compensation,
Supplemental 28.709 28.67 24.244 20.265 22.792
Advertising Expense, Supplemental 485.33 479.501 462.238 390.799 358.526
Audit Fees 1.727 1.634 1.354 1.559 1.434
Audit-Related Fees 0.084 0.082 0.103 0.115 0.194
Tax Fees
All Other Fees 0.007 0.003 0.003 0.003 0.003
38.7444 38.7256 38.7561 37.9472
Gross Margin 36.33565 9 2 9 6
17.9100 17.6237 17.3928
Operating Margin 16.92524 6 4 2 16.6534
14.3596 13.3370 12.4874
Pretax Margin 12.62537 8 13.4825 3 6
18.4173 11.4989 16.9750 15.5608
Effective Tax Rate 21.04802 1 3 8 6
11.7150 11.9321 11.0730 10.5443
Net Profit Margin 9.96798 2 6 6 1
Normalized EBIT 769.738 782.106 728.564 631.939 567.484
Normalized EBITDA 850.038 855.006 793.564 691.839 621.184
Current Tax – Domestic 76.552 74.91 19.894 49.539 33.558
Current Tax – Local 20.489 16.507 10.775 15.335 12.651
Current Tax – Other 23.276
Current Tax – Total 120.317 91.417 30.669 64.874 46.209
Deferred Tax – Domestic 4.125 -2.051 14.301 -2.862 -1.543
Deferred Tax – Local 0.577 -0.461 0.123 -0.435 0.671
Deferred Tax – Other -4.449
Deferred Tax – Total 0.253 -2.512 14.424 -3.297 -0.872
Other Tax 26.333 18.741 20.351 21.369
Income Tax – Total 120.57 115.238 63.834 81.928 66.706
Defined Contribution Expense –
Domestic 12.4 12.9 12 21.6 14.6
Total Pension Expense 12.4 12.9 12 21.6 14.6
 BALANCE SHEET

Year Year Year Year Year

Ending Ending Ending Ending Ending
Jan Jan Jan Dec Dec
2023 2022 2021 2019 2018
Particulars (Update (Update (Update (Update (Update
) ) ) ) )
---------------------------------------------------- ----------- ----------- ----------- ----------- -----------
-- - - - - -
Cash & Equivalents 203.956 309.86 284.721 190.615 25.438
Cash and Short Term Investments 203.956 309.86 284.721 190.615 25.438
Accounts Receivable - Trade, Gross 262.254 257.196 246.353 213.116 191.97
Provision for Doubtful Accounts -4.762 -1.869 -1.793 -2.856 -1.879
Accounts Receivable - Trade, Net 270.592 269.827 271.56 210.26 190.091
Notes Receivable - Short Term
Total Receivables, Net 270.592 269.827 271.56 210.26 190.091
Inventories - Finished Goods 74.052 61.994 57.116 49.304 42.921
Inventories – Other 7.518 6.334 9.567 3.651 3.054
Total Inventory 81.57 68.328 66.683 52.955 45.975
Prepaid Expenses 43.287 31.942 28.969 19.129 25.71
Restricted Cash – Current 191.249 180.583 217.451 314.658 279.737
Deferred Income Tax - Current Asset
Discountinued Operations - Current Asset
Other Current Assets, Total 191.249 180.583 217.451 314.658 279.737
Total Current Assets 790.654 860.54 869.384 787.617 566.951
Buildings – Gross 172.725 193.572 186.456 164.071 170.498
Land/Improvements – Gross 105.659 108.372 88.063 44.845 41.147
Machinery/Equipment – Gross 333.787 312.772 292.456 243.708 243.654
Construction in Progress – Gross 22.536 27.815 13.014 42.705 31.822
Other Property/Plant/Equipment -
Gross 219.202 210.702 228.268 228.785
Property/Plant/Equipment, Total -
Gross 853.909 853.233 808.257 724.114 487.121
- - - - -
Accumulated Depreciation, Total 332.472 318.466 282.625 252.448 252.182
Property/Plant/Equipment, Total – Net 521.437 534.767 525.632 471.666 234.939
Goodwill, Net 11.763 15.034 15.061 15.093 14.919
Intangibles – Gross 205.349 177.377 152.97
- -
Accumulated Intangible Amortization 124.043 104.237 -89.161
Intangibles, Net 108.354 95.558 81.306 73.14 63.809
LT Investments – Other 139.235 141.273 13.251 11.982 8.718
Long Term Investments 139.235 141.273 13.251 11.982 8.718
Note Receivable - Long Term
Deferred Charges
Defered Income Tax - Long Term Asset 1.926 2.109 1.904 10.073 5.526
Other Long Term Assets 28.852 22.535 60.63 12.521 12.523
Other Long Term Assets, Total 30.778 24.644 62.534 22.594 18.049
1602.22 1671.81 1567.16 1382.09
Total Assets 1 6 8 2 907.385
Accounts Payable 89.715 91.547 94.499 111.101 92.546
Accrued Expenses 197.249 231.881 201.813 169.48 117.944
Notes Payable/Short Term Debt 0 0 0 0 0
Current Port. of LT Debt/Capital
Leases 54.813 55.588 2.855 43.394 35.893
Dividends Payable
Customer Advances 5.5 5.4 4.1 4.2 4
Other Current Liabilities 189.344 206.325 167.552 125.656 129.36
Other Current liabilities, Total 194.844 211.725 171.652 129.856 133.36
Total Current Liabilities 536.621 590.741 470.819 453.831 379.743
4896.53 4942.38 4058.31 4052.79 3495.69
Long Term Debt 4 8 8 2 1
Capital Lease Obligations 70.886 72.25 57.7 18.263
5014.63 4116.01 4071.05 3495.69
Total Long Term Debt 4967.42 8 8 5 1
5022.23 5070.22 4118.87 4114.44 3531.58
Total Debt 3 6 3 9 4
Deferred Income Tax - LT Liability 7.761 3.922 6.099
Deferred Income Tax 7.761 3.922 6.099
Reserves 40.179 36.913 37.125 34.675 31.065
Other Long Term Liabilities 239.305 235.138 237.512 238.29 40.807
Other Liabilities, Total 279.484 272.051 274.637 272.965 71.872
5791.28 5881.35 4867.57 4797.85 3947.30
Total Liabilities 6 2 3 1 6
Convertible Preferred Stock - Non
Rdmbl 0 0 0 0 0
Preferred Stock - Non Redeemable,
Net 0 0 0 0 0
Common Stock 0.354 0.361 0.389 0.389 0.41
Common Stock, Total 0.354 0.361 0.389 0.389 0.41
Additional Paid-In Capital 9.693 0.84 5.122 0.243 0.569
Retained Earnings (Accumulated - - - - -
Deficit) 4194.42 4207.92 3303.49 3412.65 3036.47
Translation Adjustment -4.694 -2.82 -2.424 -3.742 -4.429
Other Equity, Total -4.694 -2.82 -2.424 -3.742 -4.429
- - - - -
Total Equity 4189.07 4209.54 3300.41 3415.76 3039.92
1602.22 1671.81 1567.16 1382.09
Total Liabilities & Shareholders' Equity 1 6 8 2 907.385
Shares Outs - Common Stock Primary 35.4165 36.1350 38.8651 38.9306
Issue 3 8 6 5 40.9742
Shares Outstanding - Common Issue 2 0.00319 0.00319 0.00319 0.00336 0.00336
 35.4197 36.1382 38.8683 38.9340 40.9775
Total Common Shares Outstanding 2 7 5 1 6
Treas Shares - Common Stock Prmry
Issue 0 0 0 0 0
Treasury Shares - Common Issue 2 0 0 0 0 0
Full-Time Employees 11000 13500 14400 13100 14500
Number of Common Shareholders 1507 1563 1578 1510 1565
Accumulated Intangible Amort, Suppl. 124.043 104.237 89.161
Deferred Revenue – Current 5.5 5.4 4.1 4.2 4
Deferred Revenue - Long Term 22.7 24.3 15 16.3 15.9
Total Current Assets less Inventory 709.084 792.212 802.701 734.662 520.976
Quick Ratio 1.32139 1.34105 1.7049 1.6188 1.37192
Current Ratio 1.47339 1.45671 1.84654 1.73549 1.49299
Net Debt Incl. Pref.Stock & 4818.27 4760.36 3834.15 3923.83 3506.14
Min.Interest 7 6 2 4 6
- - - - -
Tangible Book Value, Common Equity 4309.18 4320.13 3396.77 3503.99 3118.65
Tangible Book Value per Share, - - - - -
Common Eq 121.661 119.544 87.3917 89.9982 76.1063
4994.57 5047.43 4141.38 4145.34 3559.13
Total Long Term Debt, Supplemental 4 8 8 5 1
Long Term Debt Maturing within 1 438.013
Year 27.7635 27.719 5 43.394 35.893
438.013
Long Term Debt Maturing in Year 2 27.7635 27.719 5 42.842 35.956
1178.81
Long Term Debt Maturing in Year 3 2 55.816 2.937 897.93 36.026
1178.97
Long Term Debt Maturing in Year 4 44.225 1 3.198 34.03 953.856
1310.44 1184.51
Long Term Debt Maturing in Year 5 6 43.979 2 34.144 27.195
1206.57 440.950
Long Term Debt Maturing in 2-3 Years 6 83.535 5 940.772 71.982
1354.67
Long Term Debt Maturing in 4-5 Years 1 1222.95 1187.71 68.174 981.051
Long Term Debt Matur. in Year 6 & 2405.56 3713.23 2074.71 3093.00 2470.20
Beyond 4 4 4 5 5
Interest Costs -34.222 -42.036 -41.077 -20.848 -18.944
Total Capital Leases, Supplemental 74.199 76.338 60.555 19.657 17.006
Capital Lease Payments Due in Year 1 7.471 8.084 5.849 3.302 2.396
Capital Lease Payments Due in Year 2 8.007 7.536 6.706 2.816 2.415
Capital Lease Payments Due in Year 3 7.823 8.115 6.227 2.834 2.433
Capital Lease Payments Due in Year 4 8.489 7.935 6.684 2.858 2.451
Capital Lease Payments Due in Year 5 7.93 8.633 6.479 2.882 2.474
Capital Lease Payments Due in 2-3
Years 15.83 15.651 12.933 5.65 4.848
Capital Lease Payments Due in 4-5
Years 16.419 16.568 13.163 5.74 4.925
Cap. Lease Pymts. Due in Year 6 &
Beyond 68.701 78.071 69.687 25.813 23.781
Total Operating Leases, Supplemental 230.121 221.626 238.129 236.049 271.27
Operating Lease Payments Due in Year
1 44.066 45.347 45.143 39.925 40.752
Operating Lease Payments Due in Year
2 42.298 39.057 42.441 40.07 37.519
Operating Lease Payments Due in Year
3 37.36 38.027 36.879 36.928 34.538
Operating Lease Payments Due in Year
4 35.556 32.417 35.466 34.381 30.763
Operating Lease Payments Due in Year
5 29.074 29.28 28.758 29.987 27.388
Operating Lease Pymts. Due in 2-3
Years 79.658 77.084 79.32 76.998 72.057
Operating Lease Pymts. Due in 4-5
Years 64.63 61.697 64.224 64.368 58.151
Oper. Lse. Pymts. Due in Year 6 &
Beyond 41.767 37.498 49.442 54.758 100.31
Number of Restaurants Opened 1276 1308 958 1204 1183
Number of Restaurants Closed 244 104 334 98 125
Number of Restaurants, End of Period 19880 18848 17644 17020 15914
Number of Stores per Region 19880 18848 17644 17020 15914
Number of Company Owned
Restaurants 286 375 363 342 390
Number of Franchised Restaurants 19880 18848 17644 16678 15524
Detail report of 15 items
1) -Identified item : Revenue
-Statement in which identified : Income
statement, credit side (revenue)
-principle related with : realization concept
Reason,
The revenue is received and the transaction has been
recorded in the books of accounts so it is realization
concept.
2) -Identified item : Advertising expense
-Statement in which identified : Income
statement, debit side (advertising expense)
-principle related with : Matching concept
Reason,
The advertising expenses is based on the way or
popularity of the product.
3) -Identified item : Investment Income
-Statement in which identified : Income
statement, credit side (Investment Income)
-principle related with : realization concept
Reason,
As there is income for business, we receive revenue for
the activities performed.
4) -Identified item : Rental expense
-Statement in which identified : Income
statement, debit side (Rental expense)
-principle related with : Matching concept
Reason,
It is based on the agreement made by the business
entities for a particular period of time.
5) -Identified item : Depreciation
-Statement in which identified : Income
statement, debit side (Depreciation)
-principle related with : Going concern concept
Reason,
The depreciated assets remains to continue in the
business until the end so it belongs to going concern
concept.
6) -Identified item : Inventories
-Statement in which identified : Balance sheet,
Assets side (Inventories)
-principle related with : Accounting cost concept
Reason,
There is involvement of cost in the production of stock
goods.
7) -Identified item : Machinery/Equipment
-Statement in which identified : Balance sheet,
Assets side (Machinery/Equipment)
-principle related with : Accounting cost concept
Reason,
Machinery/Equipment has been purchased at its gross
price and hence it belongs to the accounting cost
concept.
8) -Identified item : Goodwill
-Statement in which identified : Balance sheet,
Assets side (Goodwill)
-principle related with : Matching concept
Reason,
Goodwill of firm is an intangible asset which is
calculated on the basis of matching liabilities and
capital.
9) -Identified item : Operating lease payments due in
year 1
-Statement in which identified : Balance sheet,
liability side (Operating lease payments due in year
1)
-principle related with : Accrual concept
Reason,
The payment of the loose has become due that is, it is
yet be paid for a particular year so it is accrual concept.
10) -Identified item : land/Improvements
-Statement in which identified : balance sheet,
Assets side (land/Improvements)
-principle related with : accounting cost concept
Reason,
Land has been purchase at its purchase price which
includes all the cost so it is accounting cost concept.
11) -Identified item : Accounts payable
-Statement in which identified : balance sheet,
liability side (Accounts payable)
 -principle related with : Accrual concept
Reason,
It continues in the business regardless to other activities
until the business ends.
12) -Identified item : long-term debt
-Statement in which identified : Balance sheet,
Liability side (long-term debt)
-principle related with : Accounting cost concept
Reason,
It involves the amount to be paid for particular period of
time.
13) -Identified item : Building gross
-Statement in which identified : Balance sheet,
Assets side (Building gross)
-principle related with : Accounting cost concept
Reason,
Building was purchased by the firm to its purchase prise
so it belongs to accounting cost concepts.
14) -Identified item : Equity share capital
-Statement in which identified : Balance sheet,
liability side (Equity share capital)
-principle related with : Accounting cost concept
Reason,
Equity share capital represents the amount of money
invested by shareholders in the company, and it aligns
with the accounting cost concept, which reflects
historical costs.
15) -Identified item : Dividends
-Statement in which identified : Income
statement, credit side (Dividends)
-principle related with : Realization concept
Reason,
The realization concept emphasizes that revenue should
be recognized when it is earned and realizable.
Dividends paid on the income statement reflect the
distribution of realized earnings to shareholders.