Press Release: Diversified Royalty Corp. -3-
Press Release: Diversified Royalty Corp. -3-
To the extent any forward-looking information or statements in this news release constitute a "financial outlook" within the meaning of applicable securities laws, such information is being provided to investors to ensure they receive timely disclosure of material financial information with respect to the financial performance of the Corporation and its royalty partners prior to the completion of year end audits.
只要本新聞稿中的任何前瞻性信息或陳述構成適用證券法所指的“財務展望”，這些信息將被提供給投資者，以確保他們在年終審計完成之前及時獲得有關公司及其特許權使用費合作伙伴財務業績的重要財務信息披露。
All of the forward-looking information and financial outlook in this news release is qualified in its entirety by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV. The forward-looking information and financial outlook included in this news release is presented as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
本新聞稿中的所有前瞻性信息和財務展望都完全受到這些警告性聲明和其他警告性聲明或因素的限制，不能保證實際結果或發展會實現，或者即使實質上實現了，也不能保證它們會對DIV產生預期的後果或影響。本新聞稿中包含的前瞻性信息和財務展望是截至本新聞稿發佈之日的信息，DIV沒有義務公開更新或修改此類信息以反映新的事件或情況，除非適用法律可能要求這樣做。
Non-IFRS Financial Measures
非國際財務報告準則財務衡量標準
Management believes that disclosing certain non-IFRS financial measures provides readers with important information regarding the Corporation's financial performance and its ability to pay dividends and the performance of its royalty partners. By considering these measures in combination with the most closely comparable IFRS measure, management believes that investors are provided with additional and more useful information about the Corporation and its royalty partners than investors would have if they simply considered IFRS measures alone. The non-IFRS financial measures do not have standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to similar measures presented by other issuers. Investors are cautioned that non-IFRS measures should not be construed as a substitute or an alternative to cash flows from operating activities as determined in accordance with IFRS.
管理層認為，披露某些非“國際財務報告準則”財務措施為讀者提供了有關該公司財務業績及其支付股息能力和特許權使用費合作伙伴業績的重要信息。通過將這些措施與最接近的可比性IFRS措施結合考慮，管理層認為，與投資者僅考慮IFRS措施相比，投資者獲得了關於本公司及其特許權使用費合作伙伴的更多和更有用的信息。非國際財務報告準則財務指標沒有國際財務報告準則規定的標準化含義，因此不太可能與其他發行人提出的類似指標相比較。請投資者注意，不應將非國際財務報告準則計量解釋為根據國際財務報告準則確定的經營活動現金流的替代或替代。
"DIV Royalty Entitlement", "Same Store Sales Growth" or "SSSG", "distributable cash" and "payout ratio" are used as non-IFRS measures in this news release. The DIV Royalty Entitlement is being reported to allow readers to assess the performance of DIV's royalty arrangements with Nurse Next Door on a basis consistent with the royalties received from DIV's other royalty partners. Under IFRS, DIV is required to record its investment in the Nurse Next Door trademarks and other intellectual property as a financial instrument and the income earned from this investment as finance income, which does not allow for a direct comparison of the income received from this investment to the royalties received from DIV's other royalty partners, which attract different treatment under IFRS. The most closely comparable IFRS measure to DIV Royalty Entitlement is royalty income; however, DIV Royalty Entitlement should not be considered a substitute for IFRS measures. References to "same store sales growth" or "SSSG" in this news release are to the percentage increase in store sales over the prior comparable period that were open in both the current and prior periods, excluding stores that were permanently closed. Same store sales growth is a non-IFRS financial measure and does not have a standardized meaning prescribed by IFRS. However, the Corporation believes that same store sales growth is a useful measure as it provides investors with an indication of the change in year-over-year sales of Mr. Lube locations, Mr. Mikes restaurants and Oxford locations. The Corporation's method of calculating same store sales growth may differ from those of other issuers or companies and, accordingly, same store sales growth may not be comparable to similar measures used by other issuers or companies. Distributable cash is a non-IFRS financial measure that does not have a standardized meaning prescribed by IFRS. Management believes that distributable cash provides investors with useful information about the amount of cash the Corporation has generated to cover dividends on its common shares during the applicable period. Readers should be cautioned, however, that distributable cash should not be construed as an alternative to the statement of cash flows as a measure of liquidity and cash flows of the Corporation. The Corporation's method of calculating distributable cash may differ from that of other issuers and companies and, accordingly, distributable cash may not be comparable to similar measures used by other issuers or companies. The payout ratio is calculated by dividing the total dividends declared during the period by the distributable cash generated in that period. The payout ratio is not a recognized measure under IFRS, however, management of the Corporation believes that it provides supplemental information regarding the extent to which the Corporation distributes cash as dividends, when compared to its cash flow capacity. The Corporation's method of calculating payout ratio may differ from those of other issuers or companies and, accordingly, payout ratio may not be comparable to similar measures used by other issuers or companies. In addition, see the "Description of Non-IFRS and Additional IFRS Measures" in DIV's most recently filed management's discussion and analysis, a copy of which is available on SEDAR at www.sedar.com.
本新聞稿中使用“DIV特許權使用費”、“同店銷售額增長”或“SSSG”、“可分配現金”和“支付率”作為非國際財務報告準則的衡量標準。據報道，DIV特許權使用費允許讀者在與DIV其他特許權使用費合作伙伴收到的特許權使用費一致的基礎上，評估DIV與隔壁護士的特許權使用費安排的表現。根據“國際財務報告準則”，DIV必須將其對“護士鄰家”商標和其他知識產權的投資記錄為一種金融工具，並將從這項投資中賺取的收入記錄為財務收入，這不允許將從這項投資中獲得的收入與DIV從其他特許權使用費合作伙伴那裏獲得的特許權使用費進行直接比較，因為根據“國際財務報告準則”，其他特許權使用費合作伙伴會受到不同的待遇。與DIV特許權使用費收入最接近的IFRS衡量標準是特許權使用費收入；然而，DIV特許權使用費收入不應被視為替代IFRS衡量標準。本新聞稿中提及的“同店銷售額增長”或“SSSG”指的是不包括永久關閉的門店在內的本期和上期開業的門店銷售額比上一可比時期增加的百分比。同一家門店銷售額增長是非國際財務報告準則的財務指標，沒有國際財務報告準則規定的標準化含義。然而，該公司認為，同樣的門店銷售額增長是一個有用的衡量標準，因為它為投資者提供了Lube先生分店、Mikes先生餐廳和牛津分店銷售額同比變化的指標。本公司計算同一家門店銷售額增長的方法可能與其他發行商或公司的方法不同，因此, 同一家門店的銷售增長可能無法與其他發行商或公司使用的類似指標相提並論。可分配現金是一種非國際財務報告準則的財務指標，沒有國際財務報告準則規定的標準化含義。管理層認為，可分配現金為投資者提供了有關公司在適用期間為支付普通股股息而產生的現金金額的有用信息。然而，讀者應注意，不應將可分配現金解釋為現金流量表的替代方案，以衡量該公司的流動性和現金流。該公司計算可分配現金的方法可能與其他發行人和公司的方法不同，因此，可分配現金可能無法與其他發行人或公司使用的類似衡量標準相比較。派息率的計算方法是將該期間宣佈的股息總額除以該期間產生的可分配現金。根據“國際財務報告準則”，派息率並非公認的衡量標準，但本公司管理層認為，與其現金流能力相比，派息率提供了有關本公司派發現金作為股息的程度的補充信息。該公司計算派息比率的方法可能與其他發行人或公司的方法不同，因此，派息比率未必與其他發行人或公司所採用的類似計算方法相若。此外，請參閲DIV最近提交的管理層討論和分析中的“非國際財務報告準則和其他國際財務報告準則措施的説明”，其副本可在SEDAR網站www.sedar.com上查閲。
Third Party Information
第三方信息
This news release includes information obtained from third party company filings and reports and other publicly available sources. Although DIV believes these sources to be generally reliable, such information cannot be verified with complete certainty. Accordingly, the accuracy and completeness of this information is not guaranteed. DIV has not independently verified any of the information from third party sources referred to in this news release nor ascertained the underlying assumptions relied upon by such sources.
本新聞稿包括從第三方公司提交的文件和報告以及其他公開來源獲得的信息。儘管DIV認為這些消息來源總體上是可靠的，但這樣的信息不能完全確定地核實。因此，不能保證該信息的準確性和完整性。DIV沒有獨立核實本新聞稿中提到的來自第三方消息來源的任何信息，也沒有確定這些消息來源所依賴的基本假設。
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
多倫多證券交易所沒有對本新聞稿的充分性或準確性進行審查，也不承擔任何責任。
Additional Information
附加信息
Additional information relating to the Corporation and other public filings, is available on SEDAR at www.sedar.com.
有關該公司和其他公開申報文件的更多信息，請訪問SEDAR網站www.sedar.com。
Contact:
聯繫方式：
Sean Morrison, President and Chief Executive Officer
肖恩·莫里森(Sean Morrison)，總裁兼首席執行官
Diversified Royalty Corp.
多元化版税公司
(236) 521-8470
(236) 521-8470
Greg Gutmanis, Chief Financial Officer and VP Acquisitions
首席財務官兼收購副總裁格雷格·古特馬尼斯(Greg Gutmanis)
Diversified Royalty Corp.
多元化版税公司
(236) 521-8471
(236) 521-8471
譯文內容由第三人軟體翻譯。