XML 89 R49.htm IDEA: XBRL DOCUMENT v3.22.1
Franchise arrangements (Tables)
 12 Months Ended
Dec. 31, 2021
Franchise Arrangements [Abstract]  
Schedule of revenues from franchised restaurants
Revenues from franchised restaurants for fiscal years 2021, 2020 and 2019 consisted of:

 202120202019
Rent (i)$115,418 $89,123 $145,860 
Initial fees (ii) 321 203 287 
Royalty fees (iii)295 275 643 
Total$116,034 $89,601 $146,790 

(i)Includes rental income of own buildings and subleases. As of December 31, 2021 and 2020 the subleases rental income amounted to $96,756 and $74,723, respectively.
(ii)Presented net of initial fees owed to McDonald’s Corporation for $739, $493 and $1,456 in 2021, 2020 and 2019, respectively.
(iii)Presented net of royalties fees owed to McDonald’s Corporation for $46,476, $36,554 and $57,709 in 2021, 2020 and 2019, respectively. As a consequence of the negative impacts of the spread of COVID-19 in the operations, McDonald’s granted a deferral of all the royalties payments due to sales in March, April, May, June and July 2020, settled during the first half of 2021.
Schedule of future minimum rental payments for operating leases
At December 31, 2021, future minimum rent payments due to the Company under existing franchised agreements are:
Owned sitesLeased sitesTotal
2022$4,916 $49,991 $54,907 
20234,568 42,581 47,149 
20244,501 37,631 42,132 
20254,514 34,201 38,715 
20264,553 29,731 34,284 
Thereafter37,524 127,471 164,995 
Total$60,576 $321,606 $382,182