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Topic: Business
Number of pages / Number of words: 7 / 1809
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Moreover, there was also a 33% increased in Deposits & Other Assets from 2002 to 2003 which was related to the insurance subsidiary of Applebee's. In September of 2002, Applebee's has formed the Neighborhood Insurance Inc., an insurance subsidiary of Applebee's to provide qualified franchisees with workers' compensation and general liability insurance...


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The new subsidiary required a restricted asset to covered potential claims that was determined based upon third-party actuarial estimates which has been determined to be $10.76 millions and has accounted for most of the 33% increase in Other Assets from 2002 to 2003. The common-size for Deposits & Other Assets has jumped from 4% in 2002 to 5% in 2003 for the common-size analysis...


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