Why is there a difference in the number of restaurants and sales in the royalty pool and the total number of restaurants and total sales reported by A&W Food Services of Canada Inc.?
The royalty pool is adjusted in January of each year to include the revenue stream from restaurants which opened in the 12-month period ending September of the prior year. For example, on January 5, 2010, the number of restaurants for which royalties were paid to the Fund was increased by 23 new restaurants which opened prior to September 2009, less 8 restaurants which permanently closed during 2009. Restaurants that opened after September 2009 will not be included in the royalty pool until January 2010. Therefore at any given time there are A&W restaurants which are not in the royalty pool.
