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WEN » Topics » Accounting for Conditional Asset Retirement Obligations

This excerpt taken from the WEN 8-K filed Oct 19, 2006.
Accounting for Conditional Asset Retirement Obligations (“FIN 47”). This interpretation clarifies the term “conditional asset retirement obligation” as used in Statement of Financial Accounting Standards No. 143 (“SFAS 143”) and requires an entity to recognize a liability for the fair value of a conditional asset retirement obligation when incurred if the amount can be reasonably estimated. FIN 47 also clarifies the type of information that would be sufficient to reasonably estimate the fair value of a conditional asset retirement obligation. The Interpretation will become effective for the Group in its fiscal year ending May 28, 2006. The Group believes adoption of FIN 47 will not have a material effect on the Group’s Combined Financial Statements.

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RTM Restaurant Group
May 29, 2005
Notes to Combined Financial Statements (continued)
(In Thousands, Except Share and Per Share Amounts)

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