Pizza Hut 2009 Annual Report Download - page 171

80
Note 7 – Franchise and License Fees and Income
2009 2008 2007
Initial fees, including renewal fees $ 57 $ 61 $ 4
9
Initial franchise fees included in refranchising gains (1
7
) (2
0
) (1
0
)
4
0
41 3
9
Continuing fees 1,383 1,42
0
1,29
6
$
1,423 $ 1,461 $ 1,335
Note 8 – Other (Income) Expense
2009 2008 2007
Equity income from investments in unconsolidated affiliates $ (3
6
) $ (41) $ (51)
Gain upon consolidation of a former unconsolidated affiliate in China(a) (6
8
)
—
—
Gain upon sale of investment in unconsolidated affiliate(b)(c)
—
(10
0
) (
6
)
Wrench litigation income(d)
—
—
(11)
Foreign exchange net (gain) loss and other
—
(1
6
) (3)
Other (income) expense $ (10
4
) $ (15
7
) $ (71)
(a) See Note 5 for further discussion of the consolidation of a former unconsolidated affiliate in Shanghai, China.
(b) Fiscal year 2008 reflects the gain recognized on the sale of our interest in our unconsolidated affiliate in Japan.
See Note 5.
(c) Fiscal year 2007 reflects recognition of income associated with receipt of payments for a note receivable arising
from the 2005 sale of our fifty percent interest in the entity that operated almost all KFCs and Pizza Huts in
Poland and the Czech Republic to our then partner in the entity.
(d) Fiscal year 2007 reflects financial recoveries from settlements with insurance carriers related to a lawsuit settled
b
y Taco Bell Corporation in 2004.
Form 10-K