Chipotle 2013 Annual Report Download - page 51
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balances are held at three financial institutions and are not federally backed or federally insured. Credit card
transactions at the Company’s restaurants are processed by four service providers, one each for the United States,
Canada, and England, and one for France and Germany.
Subsequent Events
The Company evaluated subsequent events and transactions for potential recognition or disclosure in the
consolidated financial statements through the date of issuance.
Recently Issued Accounting Standards
Effective January 1, 2013, the Company adopted Accounting Standards Update (“ASU”) No. 2013-02,
“Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The adoption of ASU
2013-02 concerns presentation and disclosure only and did not have an impact on the Company’s consolidated
financial position or results of operations.
2. Supplemental Financial Information
Leasehold improvements, property and equipment were as follows:
December 31
2013 2012
Land .................................................... $ 11,062 $ 11,062
Leasehold improvements and buildings ......................... 1,121,260 996,080
Furniture and fixtures ....................................... 113,751 100,416
Equipment ............................................... 244,562 204,062
1,490,635 1,311,620
Accumulated depreciation ................................... (527,397) (444,917)
$ 963,238 $ 866,703
Accrued liabilities were as follows:
December 31
2013 2012
Gift card liability ............................................ $ 31,508 $ 22,736
Transaction tax payable ....................................... 17,541 13,499
Other accrued expenses ....................................... 23,962 20,186
$ 73,011 $ 56,421
49
Annual Report