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WEN » Topics » 6. Notes Receivable

This excerpt taken from the WEN 8-K filed Oct 19, 2006.

6. Notes Receivable

Notes receivable consist of the following:

      May 30,
2004
   May 29,
2005
             

Sales of restaurants:

                
             

7% note receivable, due in monthly installments of $71 including interest beginning 2006

      $ 4,187        $ 4,187  
             

10% note receivable, due in monthly installments of $12 including interest through 2017

        1,071          1,028  
             

7.4% note receivable, due in monthly installments of $24 including interest through 2014

        2,000          1,484  
             

Other notes receivable with varying interest rates

        1,592          2,102  
             

Less deferred gains

        (4,619 )        (5,393 )
          
        
 
             

       4,231          3,408  
             

Less current portion

        189          421  
          
        
 
             

     $ 4,042        $ 2,987  
          
        
 
             

               

The notes described above resulting from the sales of restaurants are collateralized by the restaurants and by assignment of the license and franchise rights related to the restaurants or are guaranteed by the owner of the purchaser.

This excerpt taken from the WEN 8-K filed Aug 26, 2005.

6. Notes Receivable

      Notes receivable consist of the following:

      May 30,
2004
   March 6,
2005
             

Sales of restaurants:

                
             

10% note receivable, due in monthly installments
of $71 including interest beginning 2006

      $ 4,187        $ 4,187  
             

10% note receivable, due in monthly installments
of $12 including interest through 2017

        1,071          1,005  
             

7.4% note receivable, due in monthly installments
of $24 including interest through 2014

        2,000          1,731  
             

Other notes receivable with varying interest rates

        1,592          1,030  
             

Less deferred gains

        (4,619 )        (4,619 )
          
        
 
             

       4,231          3,334  
             

Less current portion

        189          134  
          
        
 
             

     $ 4,042        $ 3,200  
          
        
 
             

               

      The notes described above resulting from the sales of restaurants are collateralized by the restaurants and by assignment of the license and franchise rights related to the restaurants or are guaranteed by the owner of the purchaser.

EXCERPTS ON THIS PAGE:

8-K
Oct 19, 2006
8-K
Aug 26, 2005

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