Domino’s Pizza UK & IRL plc
Lasborough Road, Kingston, Milton Keynes MK10 0AB
Tel: 01908 580000
www.dominos.co.uk  www.dominos.ie
087 12 12 12 12
Domino’s Pizza UK & IRL plc
Design: Remedy +44 (0)20 8940 6050 www.brandremedy.com
Domino’s Pizza UK & IRL plc
Annual Report & Accounts
For the 52 weeks ended 1 January 2006
Domino’s 
delivers
Domino’s Pizza UK & IRL plc – Annual Report & Accounts For the 52 weeks ended 1 January 2006 CONTENTS
Financial Highlights 1
What Our Customers Say 2
Chairman’s Statement 3
Chief Executive’s Statement 6
Board of Directors 14
Advisors 15
Report on Directors’ Remuneration 16
Directors’ Report 18
Independent Auditors’ Report 21
Group Profit and Loss Account 22
Group Statement of Total Recognised Gains and Losses 23
Group Balance Sheet 24
Company Balance Sheet 25
Group Statement of Cash Flows 26
Notes to the Financial Statements 27
Five Year Financial Summary 49
Notice of Annual General Meeting 50
Store Locations 52
Domino’s Pizza Group Limited is a wholly owned subsidiary of Domino’s Pizza UK & IRL plc
and holds the master franchise licence to own, operate and franchise Domino’s Pizza
stores in England, Scotland, Wales and Ireland. 
Domino’s Pizza Inc., founded in the United States in 1960, is recognised as world leader
in the delivery of freshly-made, home-delivered high quality pizza. The first UK store
opened in 1985 and the first Irish store opened in 1991. • System sales increased 15.1% to £200.7m (2004: £174.3m)
• Profit before tax increased 26.6% to £11.2m (2004: £8.8m) 
• Earnings per share:
– Basic earnings per share up 22.8% to 16.25p (2004: 13.23p)
– Diluted earnings per share up 22.1% to 15.47p (2004: 12.67p)
• Total dividend increased 38.1% to 7.25p per share (2004: 5.25p)
• 50 new stores opened in the period (2004: 40 stores) resulting in a total of 407 stores at the period end 
(2004: 357 stores). No stores were closed in 2005 (2004: one)
• Like-for-like sales in 317 mature stores up 7.1% (2004: 6.6%)
• E-commerce sales up 69.5% to £13.9m (2004: £8.2m). E-commerce represented 10.4% of our delivered 
pizza sales in the UK in 2005 (2004: 5.2%)
• Cash at bank and in hand of £5.9m (2004: £4.8m) after returning £8.2m cash to shareholders from share 
buybacks (2004: £1.6m) 
Annual Report & Accounts 2005 1
FINANCIAL HIGHLIGHTS
for the 52 weeks ended 1 January 2006
System sales Profit before tax
Earnings per share Dividends per share
0
50
100
150
200
250
0
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
2001 2002 2003 2004 2005
2001 2002 2003 2004 2005
£m
0
2,000
4,000
6,000
8,000
10,000
12,000
2001 2002 2003 2004 2005
£000
Pence
Pence
0
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
2001 2002 2003 2004 2005
1.33
2.00
3.50
5.25
7.25
4.00
5.60
9.02
13.23
16.25
2,862
4,239
6,537
8,821
11,169
98.4
118.9
142.3
174.3
200.7 “We are always looking for local
educational trips we can take our
children on and the team at the
Domino’s up the road always 
welcomes children.”
Jeremy Hall 
“Some days the thought of
preparing another meal is the last
thing I want to do and Domino’s 
is the perfect treat.” 
Kate Riley
“The family love the pizzas and
because there’s loads of choice, 
it’s easy to get something that
everyone likes.”
Michael Bines
2 Domino’s Pizza UK & IRL plc
WHAT OUR CUSTOMERS SAY
“There’s always a tasty new pizza 
or side order to try at Domino’s –
we never get bored.”
Gabriela Besevil
“I can get a Domino’s delivered
straight to my house and don’t 
have any washing up to deal 
with afterwards.”
Dean Llewellyn
“I really like the Domino’s dips, and
the lolly pop the manager gives my
small son each time we visit is a
really nice touch.”
Miske Jimale By all measures, 2005 was another outstanding year for Domino’s
Pizza. We opened 50 stores and are now more than 400 units strong.
Our system wide sales topped £200 million, breaking 2004’s record-
setting totals by more than £25 million. Though we have continued to
add new stores in record numbers, our long standing units have not
faltered, continuing their unbroken record of year on year sales growth.
Our e-commerce sales also saw dynamic growth in 2005 totalling
nearly £14 million – an increase of 69.5% over 2004. In other words -
nearly one million Domino’s Pizza orders went from “mouse to house”
in less than 30 minutes. The beauty of these e-commerce sales 
is that they do not require special facilities, dedicated delivery
systems or increased management costs. These web and interactive
TV orders come directly into the store in the same way as a phone
call does – only far less time-consuming and with 100% accuracy. 
What has fuelled this customer demand, which seems to grow 
so steadily year after year? At least some of the credit must go 
to our highly talented marketing team which has carefully gauged
consumer tastes and trends. Our marketing is paid for by our
stores, which contribute a portion of their sales directly to the
National Advertising Fund. As new stores are opened and our units
grow, so does the size of the fund. The cost of managing this fund
however remains fairly constant allowing more and more to be
spent on advertising which, in turn, drives sales. 
It is not enough, however, to look a year or two ahead when planning
the roadmap for long-term growth. Chief Executive Stephen Hemsley
and I look not only at today’s and tomorrow’s needs but also at the
company’s long-term requirements. This goes not only for planning
growth strategies, but also for strengthening and enhancing the
management team. Stephen, by example and guidance, has fashioned
and elevated Domino’s Pizza into a market leader. In addition, 
Chris Moore, formally our Sales and Marketing Director, has been 
promoted to the newly created position of Chief Operating Officer.
Chris has been with the company for more than 15 years and his
vision of the brand, his passion and his ability to achieve excellence
will be key in getting us to the 1,000 store mark. Chris has already
been instrumental in enticing a very skilled veteran from Domino’s in
the USA, Patricia Thomas, to head up our expanded Operations Team.
In addition to our strong executive team, we have also been
fortunate enough to attract an impressive team of non-executive
Directors whose guidance and assistance we value highly. As 
we begin 2006, we are pleased to welcome two non-executives,
Michael Shallow and Dianne Thompson. Michael joined our Board
on 5 January 2006 and brings with him years of experience in the
food and leisure industry and a wealth of large public-company
expertise. Dianne, who joined our Board on 22 February 2006 also
has wide plc experience together with the energy and drive to help
position Domino’s for the years ahead. Gerald Halpern, who retired
from the Board last year, will continue to serve as a Director of our
Republic of Ireland subsidiary. We thank him for his contribution
over many years.
Although I could continue to commend to you our talented, wise
and experienced Board of Directors and management team, our
energetic and entrepreneurial franchisees and our terrific product at
Domino’s Pizza - we know that our success would not be possible
without the continued support of our shareholders. It is because 
of you we have the means to build this company for many years 
to come. It is you who deserve the recognition for your loyalty 
and for the confidence you have placed in us. For that I thank you
most sincerely. 
Colin Halpern
Chairman
Annual Report & Accounts 2005 3
CHAIRMAN’S STATEMENT exceptional 
service
4 Domino’s Pizza UK & IRL plc
TELEPHONE ORDERING
Inside a busy Domino’s Pizza store
every second counts. 
Take the phones, for example. 
It’s our goal to answer the phone
within just two rings. The speed
and accuracy of our order-taking
makes a big impact on whether or
not we get to the customer on time.
Telephone orders still generate the
majority of our sales but customers
are also switching on to the benefits
of ordering online via
www.dominos.co.uk. Domino’s employs 8,200 team members across more than
400 stores in the UK and Ireland. It’s up to these diverse
and dedicated people to take care of our customers and
maintain the high standards that make us the No. 1 pizza
delivery company in the UK and Ireland.
10.4%
of all delivered pizzas sales in the UK 
came through e-commerce channels
Annual Report & Accounts 2005
IMPROVED DELIVERY TIMES
A major part of the success of
Domino’s is the focus on getting the
basics right time and time again.
We have a fanatical dedication to
delivering piping hot fresh food on
time every time. Of over 11 million
deliveries made last year 90% were
delivered on-time to our hungry
customers across UK and Ireland.
Our teams are continually looking
to improve the service to set new
standards in ‘out the door’ and
‘delivery’ times.
PEOPLE FIRST
When your business is about taking
care of customers, it’s vital to have
a team of motivated professionals
who understand why high standards
of pizza, service and image matter.
Without great people, we can’t
deliver.
Our training centre in Milton Keynes
runs over 50 courses every year to
help our franchisees and their
team members strengthen their
edge. We also value experience
and loyalty, and we work hard to
foster long-term service.
5 Introduction 
In 2005, Domino’s Pizza celebrated the 20th anniversary of our 
first UK store opening and another year of excellent progress. 
We believe that this success results from a total focus on the
development of the Domino’s brand in the UK and Republic of
Ireland. This focus has extended our market leadership with the
opening of 50 new stores and strong like-for-like sales growth. 
This has resulted in another year of robust system sales growth,
increased profits and excellent cash generation. 
We are confident that your Company’s growth is sustainable into
the long-term given the robust growth prospects of the market in
which we operate. The combined effect of a growing number of
households in the UK and Republic of Ireland, increased acceptance
of home delivery and favourable demographic changes provides the
opportunity for 800-1,000 Domino’s Pizza stores in these territories.
It has taken us 20 years to open the first 400 stores, we hope to
reach our next target in a further ten years.
System sales 
In 2005, system sales, which are the sales of all stores in the
Domino’s system in the UK and Republic of Ireland, rose by 
15.1% to £200.7m in 2005 (2004: 22.5%). Like-for-like sales in 
the 317 stores open for more than twelve months in both periods
grew by 7.1% (2004: 6.6%). 
In addition to the continued store roll-out, several other factors
underpinned system sales growth in 2005. We launched a number
of new pizzas in the year, which were very well-received and gave us
the opportunity to communicate something new to our customers.
The combination of these new products, national TV and direct
marketing proved a strong driver of system sales.
In the area of e-commerce, our first-mover advantage continues 
to pay dividends with sales increasing by 69.5% over the last 
year. E-commerce sales represented 10.4% of all delivered pizza 
sales by Domino’s Pizza in the UK. Orders made via our website
(www.dominos.co.uk) account for 94% of e-commerce sales. 
The remaining 6% of orders are generated by our presence on 
two national interactive TV platforms.
Expansion 
In 2005 we opened 50 new stores (2004: 40 stores) to take the
year-end store count to 407 stores (2004: 357). No stores were
closed during the year (2004: one).
Mindful of the speed at which we are growing, and the fact that 
we must focus on the quality as well as the volume of new stores,
we are increasingly selective about the franchisees whom we allow
to expand. We must also build a system that can be effectively and
cost-efficiently managed as we grow to 1,000 stores. Finally, we must
provide the opportunity for our franchisee partners to build substantial
and successful businesses. To this end we will focus more on
assisting our existing franchisees to open as many of the new
stores as possible, providing they meet our very rigorous standards.
In 2005, 70% of new stores were opened by existing franchisees.
New franchisees will be increasingly encouraged to acquire existing
stores from franchisees wishing to leave the system.
Trading results
Group turnover, which includes the sales generated by the Group
from royalties, fees on new store openings, food sales, finance lease
and rental income, as well as the turnover of corporately owned
and operated stores, grew by 10.0% to £81.7m (2004: £74.2m).
This rate of growth is slower than the system sales rate due to 
6 Domino’s Pizza UK & IRL plc
CHIEF EXECUTIVE’S STATEMENT the disposal of the corporate stores during the year. Excluding the
impact of lost revenue from these disposed stores, Group turnover
would have increased by 19.3%.
Group operating profit, including our share of operating profit in joint
ventures, but before the accelerated LTIP and exceptional items,
was up 20.4% to £11.0m from £9.1m. As a result of the early
vesting of the Long Term Incentive Plan (“LTIP”) outlined below,
we have taken an accelerated £0.6m charge that would otherwise
have been made in 2006 and 2007. This treatment follows the
requirements of FRS20 which we have now adopted. After taking
into account this charge, Group operating profits were up 13.6% 
to £10.4m.
As our Chairman stated we have significantly strengthened the
resources we commit to our operations function. The key to our
eventual growth to 1,000 stores will lie in our focus on the
execution of the Domino’s system at store level. This additional
investment in our operations team cost £0.5m in 2005. 
During 2005, we also introduced a commissary rebate scheme
which was designed to help our franchisees overcome a number of
external cost pressures they were facing. This performance-related
rebate enabled our franchisees to receive a reduction in the cost of
food purchased from our commissaries, provided they achieve
certain percentage sales increases. Franchisees benefited from a
total rebate of £0.5m which was an increase of £0.4m over a more
limited scheme that operated in 2004. 
Profit on ordinary activities before interest and taxation grew 
by 23.8% to £11.3m (2004: £9.1m). This includes the profit of
£0.9m on the sale of corporate stores as well as the accelerated
LTIP charges as referred to above. 
Net interest paid fell to £0.1m (2004: £0.3m) primarily due 
to stronger cash generation from operations during the year. 
Net interest costs are covered 122 times by operating profits 
(2004: 34 times). 
The tax charge for the year was 26.2% (2004: 23.3%) and is lower
than the statutory tax rate of 30% as a result of the relief available on
the profit from the sale of the corporate stores under the substantial
shareholding exemption and the exercise of employee share options.
The increase in the tax rate from 2004 is due to substantially higher
relief in the earlier year on the number of employee share options
exercised.
Profit after tax and minority interests was up 22.6% to £8.3m
(2004: £6.7m).
Earnings per share and dividend 
Basic earnings per share were up 22.8% to 16.25 pence from
13.23 pence. Diluted earnings per share increased by 22.1% 
to 15.47 pence from 12.67 pence.
As a result of the ability of the business to generate strong cash
flows, the Board is pleased to recommend a further significant
increase in the dividend payment which, if approved by shareholders,
will give a final dividend of 4.15 pence per share (2004: 3.05 pence
per share). This would give a total dividend for the year of 7.25 pence
per share, a 38.1% increase over the 5.25 pence per share declared
for 2004. The proposed dividend is 2.2 times covered by profits after
tax (2004: 2.5 times). 
Subject to shareholders’ approval the final dividend will be payable
on 28 April 2006 to shareholders on the register on 7 April 2006.
Annual Report & Accounts 2005 7 8 Domino’s Pizza UK & IRL plc
FRESH INGREDIENTS IN 
EVERY STORE
Every day, teams from our 
three commissaries travel 6,000
miles to supply fresh ingredients
to Domino’s Pizza stores. By 
centrally controlling the sourcing
and distribution of ingredients,
customers can be assured of 
the highest standards and team
members can concentrate on 
getting a tasty pizza delivered 
to customers on time, every time.
great 
product Annual Report & Accounts 2005
Delivering great tasting, piping hot pizza time after time
relies on a team of highly skilled people. From our purchasing
team who scour the earth sourcing for great tasting, high
quality ingredients right the way through to our in-store
teams who are trained in the art of hand crafting every
order to the customers’ individual requirements, and 
delivering a freshly made piping hot pizza directly to the
customer’s door.
33.5m
We made 33.5m dough balls during 2005
FRESH DOUGH
Our stores now offer a range of
four pizza crusts, The Chicago Thin
Crust, the Dominator, the Double
Decadence and the perennial
favourite, our classic Fresh Dough
which remains the Number One
choice. Why? Our customers tell us
that it’s the unbeatable combination
of that freshly baked taste and
lightness of texture which makes 
it so irresistible. There is a lot of
effort in using fresh dough but
we’ve seen the results for over 20
years in the UK and it’s worth it.
FINEST INGREDIENTS
We are fanatical about ingredients. 
Take our tomatoes, for instance. 
During just one fortnight of every
year, enough tomatoes are harvested
to make an entire year’s supply of
our secret recipe sauce. Specific
weeks are chosen for the harvest so
that our tomatoes are at their most
ripe. We then go into round-the-
clock production to get fresh sauce
made within hours of the tomatoes
coming off the vine.
9 Cash flow and balance sheet 
Net cash inflow from operating activities reached £12.7m, up from
£9.9m in 2004. This increase was attributable mainly to the higher
operating profit, before the accelerated LTIP charge, which was
£1.8m up on 2004.
Cash flows were also stronger as cash interest was £0.2m lower,
taxation paid was £0.5m lower, and capital expenditure £1.5m
lower. Proceeds of £3.7m from the sale of subsidiary undertakings
and £0.5m from the sales of fixed assets of corporate stores were
partially offset by an increase in dividend payments of £0.9m.
Overall, net cash inflow before financing was £7.2m higher than
last year, up from £1.8m to £9.0m. This strong cash generation has
allowed us to return a further £8.2m to shareholders through share
buybacks during the year. We have now returned £15.2m of cash to
shareholders over the past two years via share buybacks of £9.8m
and dividends of £5.4m.
In the year, options over 0.7m shares were exercised generating an
inflow of £0.5m (2004: £1.1m). The Employee Benefit Trust (“EBT”)
borrowed an additional £1.1m taking its total borrowings to £7.5m
(2004: £6.4m). This additional loan was used to purchase further
shares in the Company, over which an LTIP award was granted.
During the year DP Capital continued to provide leasing support to
franchisees for the fit-out of new stores and the refit of existing stores,
with new advances of £1.2m (2004: £0.9m). After repayments, the
balance outstanding at the year end on these leases was £2.9m
(2004: £2.9m). These facilities are financed by a limited recourse
loan facility and the amount drawn down at the end of the year
stood at £2.5m (2004: £2.6m).
At the year end, the Group had cash at hand of £5.9m (2004: £4.8m)
and consolidated debt of £10.0m (2004: £9.0m) all of which related
to the EBT and DP Capital loans. Net borrowings at the year end
therefore stood at £4.1m (2004: £4.2m) representing 34.5% 
(2004: 28.4%) of shareholders’ funds.
Although adoption of IFRS will only be mandatory for AIM listed
companies from 2007, a preliminary assessment has highlighted
that the adoption of IFRS is not expected to have any significant 
impact on the Group’s reported results.
Corporate stores
During 2005, we disposed of 14 corporate stores, acquired one 
and opened two new stores, leaving just five. It is our intention to
dispose of these remaining stores as the opportunities arise. Since
the year-end, one of these stores has been sold and terms have
been agreed on three others. These disposals effectively complete
our exit from own-store operation. This has been achieved at a
significant capital profit and the stores are now being operated
successfully by franchisees.
During the year, two stores were transferred into subsidiary
companies in which our partners have a 20% equity stake. We
hope that the combination of our partners’ entrepreneurial skill 
in operating the stores, combined with our strategic direction 
and capital, will provide an attractive return for our shareholders.
In total, we now have an equity interest in five ventures which 
are not 100% owned and operate in a total of 26 stores. Our 
total equity investment in these enterprises is £565,000 
(2004: £205,000) and they contributed £166,000 to operating 
profits in 2005 (2004: £105,000). 
The market
According to Mintel’s 2004 Home Delivery Report, the home-delivered
food market was estimated to be worth around £1.36bn in 2005
with pizza takeaway/delivery being the largest component at 48%.
10 Domino’s Pizza UK & IRL plc
CHIEF EXECUTIVE’S STATEMENT (continued) Annual Report & Accounts 2005 11
Current purchasing habits indicate that there is an enormous growth
opportunity in the pizza delivery sector. Mintel also states that just
23% of adults have ever ordered a delivered pizza, and only 6% of
the population had ordered from Domino’s. When compared to the
more mature US market, where 75% of adults have ordered a
delivered pizza, and 50% of those have had a pizza delivered from
Domino’s, these figures suggest that the scope for growth lies not
only in the expansion of the system into virgin territory but also in
attracting more new customers to our existing stores.
Furthermore, a report by The Future Foundation forecasts growth
of 91% in the pizza segment of the home delivery market by 2015.
This report also underlines how your Company is well-placed to
maximise future opportunities in the market arising from changing
eating habits, the increasing spend on in-home leisure as well as
the continuance of the cash-rich, time-poor society.
People
At Domino’s Pizza, we believe that encouraging longevity of service
is a key part of our success. To this end, we seek to foster long-term
loyalty from our people and offer them market-leading rewards.
During the year we introduced a Save As You Earn scheme giving
team members an option to acquire shares in your Company. This
offer was extremely well-subscribed. We have also reinforced
previous schemes with the granting of a further round of share
options to all team members, excluding the executive directors,
further demonstrating the commitment and strong partnership
between our people and the Company.
Long Term Incentive Plan and Employee Benefit Trust
As a result of the rapid growth in profitability and earnings per share
over the last three years, the performance targets included in the
2003 LTIP award have been achieved. The early vesting of these
awards necessitates the acceleration of the 2006 and 2007 charge
as referred to above. 
Based on the closing share price on 24 February 2006 of 416.5 pence,
the beneficiaries of the LTIP are now entitled to the growth in value
of the LTIP which will be satisfied by the transfer of 1,909,334 shares
to them. During the year, the EBT purchased a further 375,000
shares, over which an LTIP interest was granted. Following these
movements, the EBT owns 2,065,587 shares, of which 975,000 are
subject to an outstanding LTIP interest.
Current trading and outlook 
Trading in the first six weeks of 2006 has got off to an excellent
start with like-for-like sales up 10.3% (2005: 6.6%). E-commerce
has continued to show robust growth with an increase of 59.5% in
the same period (2005: 49.2%). E-commerce in the first six weeks
accounted for 11.8% of all UK delivered pizza sales. Our store
opening programme is also progressing in line with expectations
and we are on track to achieve our target of 50 new store openings
this year. 
Cash flow remains strong and it is the Directors’ intention to return
cash not needed to expand our business to shareholders by further
share buybacks and a progressive dividend policy. The Company is
once again well-positioned for another year of strong growth.
Conclusion 
On behalf of the team in the UK and Ireland, I should like to thank
our customers for their loyalty and continued support of Domino’s
Pizza. Finally, to all of our franchisees and team members, I thank
you sincerely for your tireless dedication at every level of the
business and for contributing to another successful year. 
Stephen Hemsley
Chief Executive   12 Domino’s Pizza UK & IRL plc
continued 
growth
BUILDING OUR 
FRANCHISEE NETWORK 
Dedicated, enterprising franchisees
are an essential part of building a
successful Domino’s Pizza system.
Our 150 franchisees are our partners.
They ensure the daily delivery of
high standards in stores and work
hard on positive relations with their
communities, building a great
reputation for our brand across 
the UK and Ireland. Annual Report & Accounts 2005 13
Domino’s continues to enjoy exceptional growth in a strong
market. A recent report forecasts growth of 91% in the pizza
segment of the home delivery market by 2015.
Through innovation and continuing change that benefits
our customers, Domino’s Pizza will continue to strengthen
its leadership of the home delivered food market.
50
new stores opened in 2005 taking the 
total to 407
RAPID GROWTH IN E-COMMERCE 
Domino’s is still the only home-
delivery food company to have 
a national online ordering service.
With broadband users accounting
for 60.5% of all UK internet users, it’s
now easier than ever for customers
to order online via
www.dominos.co.uk.
The success story in e-commerce
shows no signs of abating. Last 
year e-commerce sales rose by
69.5% to £13.9m, and e-commerce
now accounts for over 10% of 
delivered pizza sales in the UK.
PRODUCT INNOVATION 
Keeping our menu fresh and 
exciting is important to Domino’s 
customers – we know this because
every time we launch a new pizza,
they come back for more! Over 
the last year, we’ve introduced 
6 pizza ‘firsts’ to the UK and Ireland
including, the Dominator and the
Cheese Steak Melt. We are also 
the only pizza company to offer 
a reduced fat mozzarella, called
Delight. Directors
1. Colin Halpern
Executive Chairman
2. Stephen Hemsley
Chief Executive
3. Christopher H R Moore
Chief Operating Officer
4. Lee Ginsberg
Finance Director 
5. Nigel Wray
Non-Executive
6. John Hodson
Non-Executive
7. Michael Shallow
Non-Executive (Appointed 5 January 2006)
8. Dianne Thompson
Non-Executive (Appointed 22 February 2006)
Gerald Halpern
Non-Executive (Retired 21 April 2005)
Company Secretary
Lee Ginsberg
14 Domino’s Pizza UK & IRL plc
BOARD OF DIRECTORS 
14 7
2
3
58
6 Nominated advisor and broker
Numis Securities Limited
Cheapside House
138 Cheapside
London EC2V 6LH
Auditors
Ernst & Young LLP
400 Capability Green
Luton LU1 3LU
Bankers
National Westminster Bank PLC
Exchange House
478 Midsummer Boulevard
Milton Keynes MK9 2EA
Solicitors
McDermott, Will and Emery
7 Bishopsgate
London EC2N 3AQ
Registrars
Capita Registrars
Bourne House
34 Beckenham Road
Beckenham
Kent BR3 4TU
Registered Office
Domino’s House
Lasborough Road
Kingston
Milton Keynes MK10 0AB
Annual Report & Accounts 2005 15
ADVISORS The Remuneration Committee consists of John Hodson (Chairman), Nigel Wray and Colin Halpern. It has the primary responsibility to review
the performance of executive directors and similar employees and set the scale and structure of their remuneration. The underpinning
objective is to recruit, retain and motivate a top quality team of executive directors and senior executives through a competitive remuneration
structure, which provides incentives to deliver exceptional performance. This is achieved through offering remuneration packages, which
include salaries and bonuses benchmarked against similar companies and a long-term incentive plan, which provides significant reward for
achieving stretching targets. These arrangements are described more fully below.
Service agreement
Stephen Hemsley, Lee Ginsberg and Christopher Moore have entered into service agreements with the Company, which are subject to twelve
month’s notice by the Company. The remuneration packages consist of basic salary, pension contributions, health and life insurance benefits
and the use of a company car or cash equivalent allowance.
Colin Halpern is seconded to the Company from International Franchise System Inc. (“IFS”) as executive chairman under the terms of a 
management agreement. The agreement is reviewed annually and the level of compensation paid to IFS agreed by the Remuneration 
Committee.
The non-executive directors are appointed on three-year agreements with the Company terminable at one weeks notice. Fees for non-executive
directors are set by the Board.
Directors’ remuneration
Pension
Salary or fees Bonus Benefits contributions Total Total
52 weeks 52 weeks 52 weeks 52 weeks 52 weeks 53 weeks
ended ended ended ended ended ended
1 January 1 January 1 January 1 January 1 January 2 January
2006 2006 2006 2006 2006 2005
£000 £000 £000 £000 £000 £000
Executive directors:
Colin Halpern 204 - 36 100 340 432
Stephen Hemsley 210 125 24 21 380 379
Lee Ginsberg 165 75 19 19 278 42
Christopher Moore 170 75 19 16 280 259
Non-executive directors:
Gerald Halpern 10 – – – 10 48
Nigel Wray 28 – – – 28 24
John Hodson 25 – – – 25 –
Yoav Gottesman ––––– 15
812 275 98 156 1,341 1,199
The value of benefits relates primarily to the provision of a company car or equivalent allowance. Colin Halpern is not remunerated by the
Company. A management fee of £204,000 (2004: £196,000) was paid to IFS in respect of his services. Mr Halpern has indicated his intention to
retire on his 70th birthday, which falls in 2007. In view of this the Remuneration Committee has determined to make pension contributions not
previously paid during his previous twelve years of chairmanship of the Company. Accordingly, the first of these contributions, amounting to
£200,000, was made in 2003 and further contributions of £200,000 paid in 2004 and £100,000 in 2005, have been made.
Gerald Halpern was not directly remunerated by the Company. A management fee of £10,000 (2004: £48,000) was paid to Chinese Pompano Inc,
a company of which Gerald Halpern is a director, in respect of his services.
Nigel Wray is not directly remunerated by the Company. A management fee of £28,000 (2004: £24,000) was paid to Brendon Street
Investments Limited, a company of which Nigel Wray is a director, in respect of his services. 
The Company makes contributions of 10% of annual basic salary to personal pension plans of Stephen Hemsley, Lee Ginsberg and
Christopher Moore.
Remuneration in 2004 included £20,000 for Stephen Hemsley and £13,000 for Christopher Moore in respect of pension contributions. In 2004 
a bonus of £139,000 was paid to Stephen Hemsley, £83,000 to Christopher Moore and £14,000 to Lee Ginsberg.
16 Domino’s Pizza UK & IRL plc
REPORT ON DIRECTORS’ REMUNERATION  Reversionary interests and share options
All share options granted to directors in prior years have been fully exercised by the end of the previous financial year.
In 2004 Christopher Moore exercised options over a total of 992,275 shares, at a price of 200p. The net gain from these exercised options was
£1,565,000. Gerald Halpern exercised options over a total of 600,000 shares in 2004, at a share price of 190p. The net gain from these exercised
options was £875,000. The total net value of these exercised options was £679,000.
The Employee Benefit Trust (‘EBT’) operates a long-term incentive plan under which senior executives are incentivised by the grant to them of
reversionary interests over a portion of the assets of the trust. 
The following reversionary interests have been granted:
2005 2004
No. No.
Stephen Hemsley 2,000,000 2,000,000
Christopher Moore 750,000 750,000
Lee Ginsberg 750,000 375,000
Other senior executives - non directors 300,000 300,000
3,800,000 3,425,000
The reversionary interests held by Stephen Hemsley are capable of vesting between 31 December 2005 and 31 December 2007 if the diluted
earnings per share reach 14p per share and the profit before tax is greater than £11,000,000. These interests were granted at a price of 135p
per share.
The reversionary interests held by Christopher Moore are capable of vesting between 31 December 2005 and 31 December 2007 if the diluted
earnings per share reach 14p per share and the profit before tax is greater than £11,000,000. These interests were granted at a price of 135p
per share. A further interest is capable of vesting between 31 December 2007 and 31 December 2009 if the diluted earnings per share reach
24p and the profit before tax exceeds £17,000,000. These interests were granted at a price of 200p per share.
The reversionary interests held by Lee Ginsberg are capable of vesting between 31 December 2007 and 31 December 2009 if the diluted earnings
per share reach 24p per share and the profit before tax is greater than £17,000,000. These interests were granted at a price of 200p per share.
A further interest is capable of vesting between 31 December 2008 and 31 December 2010 if the diluted earnings per share reach 27p and the
profit before tax exceeds £20,000,000. These interests were granted at a price of 295p per share.
The performance conditions for the reversionary interests granted during November 2003 have been met. Based on the year end share price
of 347p, the total number of shares receivable under this scheme is 1,725,937 and have been included in the diluted earnings per share 
(see note 10 for further details). These shares would vest as follows:
Value at
year end
No. share price
Stephen Hemsley 1,221,902 4,240,000
Christopher Moore 360,461 1,250,800
Other senior executives – non directors 143,574 498,202
1,725,937 5,989,002
The market price of the Company’s shares on 1 January 2006 was 347p per share and the high and low share prices during the year were 
358p and 211.5p respectively.
Annual Report & Accounts 2005 17 The directors present their report and the Group accounts for the 52 weeks ended 1 January 2006.
Results and dividends
The Group profit for the 52 weeks, after taxation and minority interests amounted to £8,255,000 (2004: £6,731,000).
During the year the final dividend declared for 2004 of £1,531,000 and the interim dividend for 2005 of £1,638,000 was paid. 
The directors recommend a final ordinary dividend of 4.15 pence amounting to £2,031,000, making a total dividend for the year of £3,669,000
(2004: £2,688,000). 
The final ordinary dividend, if approved, will be paid on the 28 April 2006 to ordinary shareholders whose names appear on the register on the
7 April 2006.
Principal activity and review of the business
The principal activity of the Group is the development of the Domino’s franchise system in the United Kingdom and Republic of Ireland.
The review of the business is contained in the Chief Executive’s Statement on pages 6 to 11.
Directors and their interests
The directors during the year under review and their interest in the share capital of the Company, other than with respect to the reversionary
interests held over ordinary shares (which are detailed in the analysis of reversionary interests included in the Report on Directors’
Remuneration) were as follows:
At At
1 January 2 January
2006 2005
Ordinary Ordinary
shares shares
Colin Halpern (i) 7,624,464 10,155,497
Stephen Hemsley (ii) 2,297,752 2,500,000
Christopher Moore 699,510 779,510
Nigel Wray (iii) 14,164,725 14,164,725
Gerald Halpern (Retired 21 April 2005) 30,000 50,000
(i) 7,227,985 (2004: 9,679,405) shares are held by International Franchise Systems Inc., beneficially for HS Real Company LLC and 396,479
(2004: 476,092) shares are held by HS Real Company LLC (HS Real Company LLC is owned by a discretionary trust, the beneficiaries of
which are the adult children of Colin and Gail Halpern).
(ii) 1,007,191 (2004: 1,209,439) shares are held by CTG Investment Limited, a discretionary trust of which Stephen Hemsley and his family 
are potential beneficiaries.
(iii) 7,614,000 (2004: 7,614,000) shares are held by Abacus (CI) Ltd, which is beneficially owned by the family trusts of Nigel Wray, principal
beneficiaries of which are Nigel Wray’s children. 6,055,439 (2004: 6,055,439) shares are held by Syncbeam Limited, a company wholly
owned by Nigel Wray.
During the period from the end of the financial year to 24 February 2006, there have been no changes in directors’ shareholdings or their 
interests in share options.
Other significant shareholders
Directors’ interests in the shares of the Company have been disclosed above. The other significant shareholders holding more than 3% of 
the shares in the Company, which have been disclosed to the Company are Morgan Stanley Securities Limited which holds a 4.18% interest,
Ogier Employee Benefit Trustee Limited acting as trustee of the Domino’s Pizza UK & IRL plc Employee Benefit Trust which holds a 7.51%
interest and Moonpal Singh Grewal who is the beneficial holder of a 3.75% interest. 
Share option schemes
In order to provide employee share incentives in the future the Group had previously adopted two share option schemes, one of which, the
Domino’s Pizza Group Limited (Unapproved) Share Option Scheme, has been in place since 30 March 1999. The Domino’s Pizza Share Option
(Unapproved) Scheme was introduced on 24 November 1999. 
All participants in the Domino’s Pizza Group Limited (Unapproved) Share Option Scheme were, on admission of the Company to the
Alternative Investment Market, offered the chance to release their options over shares in Domino’s Pizza Group Limited in return for 
equivalent options over ordinary shares in the Company under the Domino’s Pizza Share Option (Unapproved) Scheme. Further details 
of options outstanding at the year-end are contained in note 22.
18 Domino’s Pizza UK & IRL plc
DIRECTORS’ REPORT The Remuneration Committee has resolved that the exercise of these options which have been granted under the Share Option Schemes 
will be subject to the condition that the growth in basic earnings per share in any financial year between grant and vesting exceeds 
the growth in the Retail Price Index (‘RPI’) in the previous financial year by at least 5%.
On 23 March 2004 the Company established the Domino’s Pizza UK & IRL plc 2003 Enterprise Management Incentive Scheme. Under the
scheme the Company can grant options to eligible full time employees. The options are only exercisable if the growth in the Company’s 
EPS during a performance year exceeds the growth in RPI during that performance year by at least 5%. The EMI options lapse after 10 years 
or in certain other circumstances connected with leaving the Company. For details of the options granted and outstanding see note 22.
The Employee Benefit Trust also operates a long-term incentive plan under which senior executives may be incentivised by the grant to them
of reversionary interests over a portion of the assets of the trust. These interests are capable of vesting after certain stipulated performance
criteria have been reached (detailed in the Report on Directors’ Remuneration). 
During the year the Group introduced a Sharesave Scheme giving employees the option to acquire shares in the Company. Employees have
the option to save an amount per month up to a maximum of £250 and at the end of three years they have the option to purchase shares in
the Company or to take their savings in cash.
Company share buyback programme
During the year the Company continued its programme of buying back its own shares. A total of 2,614,936 (2004: 800,000) shares of 5p 
each were purchased during the year at a total cost of £8,084,000 (2004: £1,600,000) before expenses of £138,000. This represented 4.9% 
(2004: 1.5%) of the issued shares of the Company at 1 January 2006. The reason for the purchase of these shares is that the Company has 
generated surplus cash and this is being returned to shareholders in the form of a progressive dividend policy and share buybacks. These
shares have been cancelled and no longer form part of the Company’s issued share capital.
Creditor payment policy 
It is the Group’s policy that payments to suppliers are made in accordance with those terms and conditions agreed between the Group and its
suppliers, provided that all trading terms and conditions have been complied with. At 1 January 2006, the Group had an average of 20 days
(2004: 25 days) purchases outstanding in trade creditors. 
Corporate governance
The Company is supportive of the principles embodied in the Combined Code prepared and published by the Committee on Corporate
Governance in June 1998, although the rules of the Stock Exchange do not require companies that have securities trading on the Alternative
Investment Market to formally comply with the Combined Code. The directors have taken note of its provisions insofar as they consider 
them appropriate to the Company, and as a result does not fully comply with the revised code. At present the main facets are:
• The Board – at the year-end the Company had four executives and two non-executive directors. The directors hold regular board meetings
at which operating and financial reports are considered. The Board is responsible for formulating, reviewing and approving the Group’s
strategy, budgets, and major items of capital expenditure and senior personnel appointments.
• Audit Committee – which consists of Colin Halpern (Chairman), Nigel Wray and John Hodson. It meets at least twice each year and is
responsible for ensuring that the financial performance of the Group is properly reported on and monitored, for meeting the auditors and
reviewing the reports from the auditors relating to the financial statements and internal control systems. 
• Remuneration Committee – which consists of John Hodson (Chairman), Nigel Wray and Colin Halpern. It meets at least twice each year
and has a primary responsibility to review the performance of executive directors and senior employees and set the scale and structure of
their remuneration having due regard to the interests of shareholders.
• Going Concern – the directors are satisfied that the Group has adequate resources to continue in existence for the foreseeable future and
for this reason, they continue to adopt the going concern basis of preparing the financial statements.
• Internal Control – the directors have overall responsibility for ensuring that the Group maintains internal controls to provide reasonable
assurance on the reliability of the financial information used within the business and for safeguarding the assets. There are limitations in
any system of internal controls and accordingly, even the most effective system can only provide reasonable and not absolute assurance
with respect to preparation of the financial information and the safeguarding of the assets.
The key elements of internal and financial control are as follows:
• Control Environment – the presence of a clear organisational structure and well-defined lines of responsibility and delegation of appropriate
levels of authority.
• Risk Management – business strategy and plans are reviewed by the Board.
• Financial Reporting – a comprehensive system of budgets and forecasts with monthly reporting of actual results against targets.
• Control and Monitoring Procedures – ensuring authorisation levels and procedures and other systems of internal financial controls are
documented, applied and regularly reviewed.
Annual Report & Accounts 2005 19 Financial instruments
Please refer to note 21 for a review of the financial risk management objectives and policies of the Group and its exposure to risk.
Statement of directors’ responsibilities
Company law requires the directors to prepare the financial statements for each financial year, which give a true and fair view of the state 
of affairs of the Company and of the Group and of the profit or loss of the Group for that period. In preparing those financial statements, 
the directors are required to:
• select suitable accounting policies and then apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in 
the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that 
the Group will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position
of the Group and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for
safeguarding the assets of the Group and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Employees
Employees of Group companies are encouraged to participate in the success of the business through incentive and share option schemes.
Progress is regularly communicated to the management of subsidiary companies and all management and staff are expected to communicate
fully within their own area of responsibility. 
Disabled employees
The Group gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately
fulfilled by a handicapped or disabled person.
Where existing employees become disabled, it is the Group’s policy wherever practicable, to provide continuing employment under normal
terms and conditions and to provide training, career development and promotion to disabled employees wherever appropriate.
Corporate social responsibility & charitable donations
Domino’s Pizza is committed to delivering the highest standards of product, service, image and safety for our franchisees, team members, 
customers, the communities we serve and all other stakeholders affected by our operations. 
Furthermore, we are an equal opportunities employer and are committed to investing in our team members through market-leading
remuneration, training and development. Our franchisees are contracted to adhere to high standards of employment practice.
The Company also ensures that its rapid expansion plans are underpinned by a culture of ‘Responsible Growth’. This means that we aim to
earn the respect, admiration and trust of local people and authorities by taking a responsible attitude towards the environment, construction,
planning and local regeneration. 
In 2005, the Company’s charity of choice was the Make-A-Wish Foundation
®
UK, an inspiring charity that grants the wishes of children 
who are living with life-threatening illnesses. As well as donating a £20,000 lump sum to Make-A-Wish®, the Company’s franchisees and 
stores undertook a wide range of fund-raising activities throughout the year.
Auditors
A resolution to re-appoint Ernst & Young LLP as the Company’s auditor will be put to the forthcoming Annual General Meeting. 
By order of the Board
Lee Ginsberg
Company Secretary
27 February 2006
20 Domino’s Pizza UK & IRL plc
DIRECTORS’ REPORT (continued) We have audited the Group and parent Company financial statements (the “financial statements”) of Domino’s Pizza UK & IRL plc for the 
52 weeks ended 1 January 2006, which comprise the Group profit and loss account, the Group statement of total recognised gains and 
losses, the Group and Company balance sheets, the Group statement of cash flows and the related notes 1 to 29. These financial statements
have been prepared under the accounting policies set out therein.
This report is made solely to the Company’s members, as a body, in accordance with Section 235 of the Companies Act 1985. Our audit work
has been undertaken so that we might state to the Company’s members those matters we are required to state to them in an auditors’ report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company
and the Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditors
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable United Kingdom law
and Accounting Standards (United Kingdom Generally Accepted Accounting Practice) as set out in the statement of directors’ responsibilities.
Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International
Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with
the Companies Act 1985. We also report to you if, in our opinion, the Directors’ Report is not consistent with the financial statements, if the
Company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or
if information specified by law regarding directors’ remuneration and other transactions is not disclosed.
We read other information contained in the Annual Report, and consider whether it is consistent with the audited financial statements. 
This other information comprises the Directors’ Report, the Chairman’s Statement, the Chief Executive’s Statement, Report on Director’s
Remuneration and Five Year Financial Summary. We consider the implications for our report if we become aware of any apparent
misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information.
Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An
audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes 
an assessment of the significant estimates and judgments made by the directors in the preparation of the financial statements, and of whether
the accounting policies are appropriate to the Group’s and Company’s circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide
us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by
fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the
financial statements.
Opinion
In our opinion the financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice,
of the state of the Group’s and the parent Company’s affairs as at 1 January 2006 and of the Group’s profit for the 52 weeks then ended and
the financial statements have been properly prepared in accordance with the Companies Act 1985.
Ernst & Young LLP
Registered auditor
Luton
27 February 2006
Annual Report & Accounts 2005 21
INDEPENDENT AUDITORS’ REPORT 22 Domino’s Pizza UK & IRL plc
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
Notes £000 £000
Turnover
Turnover: group and share of joint ventures’ turnover 85,004 77,254
Less: share of joint ventures’ turnover (3,344) (3,039)
Group turnover 2 81,660 74,215
Cost of sales (48,778) (43,815)
Gross profit 32,882 30,400
Distribution costs (8,538) (8,404)
Administrative expenses – pre accelerated LTIP charge (13,504) (12,963) 
Accelerated LTIP charge 3 (626) –
Administrative expenses (14,130) (12,963)
Group operating profit 3 10,214 9,033
Share of operating profit in joint ventures 179 120
Amortisation of goodwill on joint ventures (15) (15)
164 105 
Total operating profit: group and share of joint ventures 10,378 9,138
Profit/(loss) on sale of fixed assets 3 206 (47)
Profit on sale of subsidiary undertakings 3 670 –
Profit on ordinary activities before interest and taxation 11,254 9,091
Interest receivable 6 273 100
Interest payable and similar charges 7 (358) (370)
Profit on ordinary activities before taxation 11,169 8,821
Tax on profit on ordinary activities 8 (2,922) (2,058)
Profit on ordinary activities after taxation 8,247 6,763
Minority interests 8 (32)
Profit for the financial year attributable to members of the parent company 8,255 6,731
Earnings per share – basic 10 16.25p 13.23p
– diluted 10 15.47p 12.67p
GROUP PROFIT AND LOSS ACCOUNT 52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Profit attributable to the financial period 8,255 6,731
Total gains and losses recognised since the last annual report 8,255 6,731
The Company has adopted FRS 21 in 2005 (further details see note 1). This requires dividends, which are proposed after the balance sheet
date to be disclosed and not recognised as a liability. Although this has not impacted on the recognised gains or losses in 2005 or the prior
year, the net assets for the prior year have increased by £1,531,000. 
Annual Report & Accounts 2005 23
GROUP STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES At At
1 January 2 January
2006 2005
£000 £000
Notes (Restated)
Fixed assets
Intangible assets 11 1,326 1,520
Tangible assets 12 13,593 14,595
Investments in joint ventures: 13
Share of gross assets 1,477 1,449
Share of gross liabilities (1,026) (1,066)
451 383
Total fixed assets 15,370 16,498
Current assets
Stocks 14 2,186 2,700
Debtors: 15
amounts falling due within one year 10,753 10,735
amounts falling due after more than one year 2,168 2,721
12,921 13,456
Cash at bank and in hand 5,885 4,824
Total current assets 20,992 20,980
Creditors: amounts falling due within one year 16 (13,742) (13,590)
Net current assets 7,250 7,390
Total assets less current liabilities 22,620 23,888
Creditors: amounts falling due after more than one year 17 (9,085) (8,102)
Provision for liabilities 18 (1,447) (857)
12,088 14,929
Capital and reserves
Called up share capital 22 2,645 2,740
Share premium account 24 4,677 4,241
Capital redemption reserve 24 171 40
Treasury shares held by Employee Benefit Trust 24 (7,500) (6,360)
Profit and loss account 24 12,013 14,186
Equity shareholders’ funds 12,006 14,847
Minority interest 82 82
12,088 14,929
Stephen Hemsley
Director
27 February 2006
24 Domino’s Pizza UK & IRL plc
GROUP BALANCE SHEET At At 
1 January 2 January
2006 2005
£000 £000
Notes (Restated)
Fixed assets
Investments in subsidiary undertakings 13 3,253 2,595
Investments in joint ventures 13 205 205
3,458 2,800
Current assets
Amounts owed by group undertakings 15,382 12,118
15,382 12,118
Creditors: amounts falling due within one year 16 (10) (6)
Net current assets 15,372 12,112
Total assets less current liabilities 18,830 14,912
Creditors: amounts falling due more than one year 17 (7,500) (6,360)
Provision for liabilities 18 (880) –
10,450 8,552
Capital and reserves
Called up share capital 22 2,645 2,740
Share premium account 24 4,677 4,241
Capital redemption reserve 24 171 40
Treasury shares held by Employee Benefit Trust 24 (7,500) (6,360)
Profit and loss account 24 10,457 7,891
Equity shareholders’ funds 10,450 8,552
Stephen Hemsley
Director
27 February 2006
Annual Report & Accounts 2005 25
COMPANY BALANCE SHEET 52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
Notes £000 £000
Net cash inflow from operating activities 26(a) 12,674 9,943
Returns on investments and servicing of finance
Interest received 273 100
Interest paid (307) (307)
Interest element of finance lease payments (4) (7)
(38) (214)
Taxation
Corporation tax paid (1,549) (2,021)
Capital expenditure and financial investment
Payments to acquire intangible fixed assets (395) (200)
Payments to acquire tangible fixed assets (2,246) (3,905)
Receipts from sales of tangible and intangible fixed assets 576 421
Receipts from repayment of joint venture loan 60 108
Payments to acquire finance lease assets and advance of franchisee loans (1,166) (946)
Receipts from repayment of finance leases and franchisee loans 1,172 1,098
(1,999) (3,424)
Acquisitions and disposals
Sale of subsidiary undertakings – net of costs 3,354 –
Utilisation of provisions relating to the disposal of subsidiary undertakings (309) –
Cash balances disposed of with subsidiary undertakings (5) –
Purchase of subsidiary undertaking and minority share interest 8 (280)
26(b) 3,048 (280)
Equity dividends paid (3,169) (2,240)
Net cash inflow before financing 8,967 1,764
Financing
Issue of ordinary share capital 472 1,071
New long-term loans 2,146 3,299
Repayments of long-term loans (1,146) (2,198)
Repayment of capital element of finance leases 
and hire purchase contracts (16) (23)
Purchase of shares by Employee Benefit Trust (1,140) (1,200)
Purchase of own shares (8,222) (1,610)
(7,906) (661)
Increase in cash 26(d) 1,061 1,103
26 Domino’s Pizza UK & IRL plc
GROUP STATEMENT OF CASH FLOWS Annual Report & Accounts 2005 27
1. ACCOUNTING POLICIES
Basis of preparation 
The accounts are prepared under the historical cost convention and in accordance with United Kingdom Generally Accepted Accounting
Practice. 
Changes in Accounting Policy
The accounting policies adopted are the same as the previous financial year except that the Group has adopted the following standards 
which are applicable to the Group:
FRS 20 – Share based payment
FRS 21 – Events after the balance sheet date
FRS 22 – Earnings per share
FRS 25* – Financial Instruments disclosure and presentation
FRS 28 – Corresponding Amounts
FRS 20 – Share based payment
The revised accounting policy for share based payment transactions is described below. The effect of the revised accounting policy has an
insignificant impact on the charge in the current year (except for the accelerated LTIP charge in note 3), and it also has an insignificant impact
on retained earnings. This standard has been adopted in advance of the effective date.
FRS 21 – Events after the balance sheet date 
This requires dividends, which are proposed after the balance sheet date to be disclosed and not recognised as a liability. As a result of 
adopting this accounting standard, retained earnings have been increased by £1,083,000 as at 28 December 2003, and increased by £1,531,000
as at 2 January 2005. Liabilities have been decreased by £1,531,000 as at 2 January 2005. There has been no effect on current or previous year
results from adopting this standard.
FRS 22, FRS 25 and FRS 28 have not resulted in a restatement of retained earnings and have had no impact on the results or net assets for 
the current or prior year.
* The Group has only adopted the presentation requirements of this standard, as it does not have to comply with the disclosure requirements
in this year.
Basis of consolidation
The Group accounts consolidate the accounts of Domino’s Pizza UK & IRL plc and all its subsidiary undertakings drawn up to the nearest
Sunday to 31 December each year. No profit and loss account is presented for Domino’s Pizza UK & IRL plc as permitted by Section 230 of 
the Companies Act 1985.
Entities in which the Group holds an interest on a long-term basis and are jointly controlled by one or more ventures under a contractual
agreement are treated as joint ventures in the Group accounts. Joint ventures are accounted for using the gross equity method. The Group
accounts include the appropriate share of assets and liabilities and earnings, based on management accounts for the period to 1 January 2006.
Goodwill
Positive goodwill arising on acquisitions of a subsidiary or business is capitalised, classified as an asset on the balance sheet and amortised on
a straight-line basis over its estimated useful economic life of 20 years. It is reviewed for impairment at the end of the first full financial year
following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
If a subsidiary or business is subsequently sold or closed, any goodwill arising on acquisition that has not been amortised through the profit
and loss account is taken into account in determining the profit or loss on sale or closure.
Goodwill arising on the acquisition of a joint venture is capitalised as part of the investment in the joint venture and is amortised on a 
straight-line basis over its estimated useful economic life of 20 years.
Intangible assets
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets acquired as part of an acquisition of a business
are capitalised separately from goodwill if the fair value can be measured reliably on initial recognition, subject to the constraint that, unless
the asset has a readily ascertainable market value, the fair value is limited to an amount that does not create or increase any negative goodwill
arising on the acquisition. Intangible assets created within the business are not capitalised and expenditure is charged against profits in the
year in which it is incurred.
Intangible assets are amortised on a straight-line basis over their estimated useful lives as follows:
Franchise fees – over 20 years
Interest in leases – over the life of the lease
The carrying value of intangible assets is reviewed for impairment at the end of the first full year following acquisition and in other periods if
events or changes in circumstances indicate the carrying value may not be recoverable.
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006  NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006 
28 Domino’s Pizza UK & IRL plc
1. ACCOUNTING POLICIES (continued)
Significant property developments
Interest incurred on finance provided for significant property development is capitalised up to the date of completion of the project. These
costs are then depreciated in accordance with the Group’s policy for the relevant class of tangible fixed assets.
Depreciation 
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less residual value of each asset evenly over its
expected useful life as follows: 
Freehold buildings – over 50 years
Equipment – over 2 to 10 years
Leasehold building improvements – over the life of the lease 
Motor vehicles – over 18 months to 3 years
The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate that 
the carrying value may not be recoverable.
Stocks
Stocks comprise raw materials, consumables and goods for resale (being equipment for resale to franchisees) and are stated at the lower of
cost and net realisable value. Cost of stock is determined on the average cost basis or, for computer and food stock, the first-in, first-out basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions
or events have occurred at that date that will result in an obligation to pay more, or right to pay less or to receive more, tax, with the following
exceptions:
• Provision is made for tax on gains from the revaluation (and similar fair value adjustments) of fixed assets, or gains on disposal of fixed
assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement
to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date,
it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement
assets are sold.
• Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable
taxable profits from which the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences
reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction or at the contracted rate if the transaction 
is covered by a forward foreign currency contract. Monetary assets and liabilities denominated in foreign currencies are retranslated at 
the rate of exchange ruling at the balance sheet date or if appropriate at the forward contract rate. All differences are taken to the profit 
and loss account. Non-monetary items that are measured in terms of the historical cost are translated using the historical exchange rates.
Income and expenses relating to foreign operations are converted at the monthly average rates throughout the year. The assets and liabilities
of foreign operations are translated using the year end rate. Exchange differences arising on retranslation of foreign operations are recognised
in reserves.
Leasing and hire purchase commitments
As lessee
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to 
the Group, and hire purchase contracts, are capitalised in the balance sheet and depreciated over their useful lives. The capital elements 
of future obligations under leases and hire purchase contracts are included as liabilities in the balance sheet. The interest elements of the
rental obligations are charged in the profit and loss account over the periods of the leases and hire purchase contracts and represent a 
constant proportion of the balance of capital repayments outstanding.
Rentals payable under operating leases are charged in the profit and loss account on a straight-line basis over the lease term.
As lessor
Amounts receivable under finance leases are included under debtors and represent the total amount outstanding under lease agreements 
less unearned income. Finance lease income, having been allocated to accounting periods to give a constant periodic rate of return on the 
net cash investment is included in turnover. Income and expenditure from the rental of leasehold properties and equipment have been included
in the gross income in turnover and the related expenditure within cost of sales.  Annual Report & Accounts 2005 29
1. ACCOUNTING POLICIES (continued)
Employee Benefit Trusts
The Company has adopted UITF 38 Accounting for ESOP Trusts. Shares in the Company held by the trustees of the Employee Benefit Trust are
stated at cost and included as a deduction to shareholders’ funds. The trust has waived its entitlement to dividends. The Group will meet the
expenses of the trust as and when they fall due. 
Pensions
The Company makes contributions to certain individuals’ personal pension plans. Contributions are charged in the profit and loss account as
they accrue. 
Share based payment transactions
Employees (including directors) of the Group receive an element of remuneration in the form of share based payment transactions, whereby
employees render services as consideration for equity instruments.
The awards vest when certain performance and/or service conditions are met, see note 23 for the individual vesting conditions for the various
schemes.
The cost of equity-settled transactions with employees is measured by reference to the fair value at the date at which they are granted and 
is recognised as an expense over the vesting period, which ends on the date on which the relevant employees become fully entitled to the
award. Fair value is determined by an external valuer using an appropriate pricing model. In valuing equity-settled transactions, no account
is taken of any vesting conditions, other than conditions linked to the price of the shares of the company (market conditions).
No expense is recognised for awards that do not ultimately vest, except for awards where vesting is conditional upon a market condition,
which are treated as vesting irrespective of whether or not the market condition is satisfied, provided that all other performance conditions 
are satisfied.
At each balance sheet date before vesting, the cumulative expense is calculated, representing the extent to which the vesting period has
expired, management’s best estimate of the achievement or otherwise of non-market conditions and the number of equity instruments that
will ultimately vest or in the case of an instrument subject to a market condition, be treated as vesting as described above. The movement in 
cumulative expense since the previous balance sheet date is recognised in the income statement, with a corresponding entry in equity.
Where the terms of an equity-settled award are modified or a new award is designated as replacing a cancelled or settled award, the cost
based on the original award terms continues to be recognised over the original vesting period. In addition, an expense is recognised over the
remainder of the new vesting period for the incremental fair value of any modification, based on the difference between the fair value of the
original award and the fair value of the modified award, both as measured on the date of the modification. No reduction is recognised if this
difference is negative.
Where an equity-settled award is cancelled, it is treated as if it had vested on the date of cancellation, and any cost not yet recognised in the
income statement for the award is expensed immediately. Any compensation paid up to the fair value of the award at the cancellation or 
settlement date is deducted from equity, with any excess over fair value being treated as an expense in the income statement.
The Group has taken advantage of the transitional provisions in respect of equity settled awards and has applied FRS 20 only to awards 
granted after 7 November 2002 that had not vested at 3 January 2005.
Revenue recognition
Revenue is recognised as follows:
Pizza delivery – on delivery of pizzas to franchisee customers
Commissary and equipment sales – on delivery
Royalties (based on system sales) – on delivery
Franchise sales – on commencement of franchisee trading
Finance lease interest income – as per leasing and hire purchase commitments (lessor) above
Rental income on leasehold properties – on a straight line basis in accordance with the lease terms
Trade and other debtors
Trade debtors, which generally have 7 – 28 days terms are recognised and carried at original invoice amount less an allowance for any 
uncollectible amounts when there is objective evidence that the Group will not be able to collect the debts. Bad debts are written off 
when identified.
Bank and other loans
All loans and borrowings are initially recognised at the fair value of the consideration received less directly attributable transaction costs.
Interest expenses are recognised in the profit and loss account at a constant rate based on the carrying amount. 30 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006 
2. TURNOVER AND SEGMENTAL ANALYSIS
The principal components of turnover are royalties received, commissary and equipment sales, sale of franchises, pizza delivery sales, rental
income on leasehold and freehold properties and finance lease interest income, stated net of value added tax. All of the turnover is in one
continuing business segment being the development of the Domino’s Pizza Franchise System and originates in the United Kingdom and the
Republic of Ireland. The directors believe that full compliance with the requirements of SSAP 25 ‘Segmental Reporting’ would be seriously
prejudicial to the interests of the Group as it would require disclosure of commercially sensitive information. The requirements of SSAP 25
with which the Group do not comply are the disclosure of profit before interest and tax and net operating assets by segment. All the turnover 
of the Joint Ventures relates to the United Kingdom.
Geographical analysis
Turnover Turnover Turnover by Turnover by
by origin by origin destination destination
52 weeks 53 weeks 52 weeks 53 weeks
ended ended ended ended
1 January 2 January 1 January 2 January
2006 2005 2006 2005
£000 £000 £000 £000
Group turnover
United Kingdom
– Royalties and sales to franchisees 69,327 63,495 68,253 62,623
– Rental income on leasehold and freehold property 6,003 5,162 6,003 5,162
– Finance lease income 280 256 280 256
Total United Kingdom 75,610 68,913 74,536 68,041
Republic of Ireland
– Royalties and sales to franchisees 5,688 5,002 6,762 5,874
– Rental income on leasehold and freehold property 362 300 362 300
Total Republic of Ireland 6,050 5,302 7,124 6,174
Total Group 81,660 74,215 81,660 74,215
3. OPERATING PROFIT 
This is stated after charging/(crediting):
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Auditors’ remuneration – audit services* 100 94
– non-audit services 51 154
Depreciation of owned assets 1,498 1,329
Depreciation of assets held under finance leases and hire purchase contracts 10 57
Amortisation of intangible fixed assets 131 133
Operating lease rentals – land and buildings 6,281 5,536
– plant, machinery and vehicles 1,461 1,329
Foreign exchange loss/(gain) 122 (25)
* Of which £2,000 (2004: £2,000) relates to the Company
Accelerated LTIP charge
During the year the Company has accelerated the charge relating to reversionary interests in ordinary shares granted in 2003, as the 
performance targets set will be achieved earlier than expected (further details included in the Report on Directors’ Remuneration). This 
resulted in an additional charge of £626,000 during 2005. This charge is not deductible for corporation taxation purposes (see note 8). 
This charge had no impact on the cash flow of the Group during the year.  Annual Report & Accounts 2005 31
3. OPERATING PROFIT (continued)
Exceptional items
Recognised below operating profit 
During 2005 the Group sold two subsidiary undertakings, DPGS Limited and Triple A Pizza Limited (which included 12 corporate stores at the
date of the transaction). The main elements of the transaction were as follows:
£000
Cash consideration received 3,650
Net assets disposed of (1,495)
Disposal costs (296)
Provisions (1,189)
Profit on disposal of subsidiary undertakings 670
These subsidiary undertakings were sold to Dough Trading Limited, a company controlled by Marc Halpern (see related party transactions –
note 29). In addition to the sale of DPGS Limited and Triple A Pizza Limited, the Group sold one corporate store to Dough Trading Limited for a
cash consideration of £350,000 resulting in a profit on sale of £144,000 (see related party transaction – note 29). The principal component of
the net assets disposed of in the subsidiary undertakings was fixed assets of £1,828,000.
Due to the relief available under the substantial shareholding exemption, the profit arising in the Company on the sale of the subsidiary 
undertakings is not taxable. The Group accounting profit in respect of the disposal is £670,000. At the statutory corporation tax rate of 30%,
this would lead to an expected reduction in the tax charge of £210,000 (1.9%). However, the provisions included within the accounting profit
are expected to be largely allowable for corporation tax purposes. Therefore the profit to be excluded from the corporation tax calculation in
respect of the disposal is increased to £1,770,000 (a reduction in the tax charge of £531,000 at 30%). This has reduced the effective tax rate for
2005 by 4.7% (see note 8) (2004: nil).
In addition the Group sold one corporate store resulting in a profit of £62,000 (2004: loss £56,000). This profit has been included in the
corporation tax calculation for the period at the statutory rate. In 2004 the Group’s share of profit realised on the disposal of a joint venture store
was £9,000.
4. DIRECTORS’ EMOLUMENTS
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Emoluments 1,185 966
Pension contributions 156 233
1,341 1,199
Further information concerning directors’ emoluments are disclosed within the Report on Directors’ Remuneration.
5. STAFF COSTS
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
(Restated)
Wages and salaries 12,088 10,735
Social security costs 1,008 942
Other pension costs 288 330
13,384 12,007
Included in wages and salaries is a total expense of share-based payments of £963,000 (2004: £332,000), which arises from transactions,
accounted for as equity-settled share-based payment transactions. 32 Domino’s Pizza UK & IRL plc
5. STAFF COSTS (continued)
The average monthly number of employees (including directors) during the year was made up as follows: 
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
No. No.
Administration 120 112
Production and distribution 146 133
Corporate stores 408 471
674 716
6. INTEREST RECEIVABLE 
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Bank interest 177 8
Franchisee loans 83 81
Other interest receivable 13 11
273 100
7. INTEREST PAYABLE AND SIMILAR CHARGES
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Bank loan in relation to the EBT 305 298
Other interest payable 2 9
Finance charges payable under finance leases and hire purchase contracts 4 7
311 314
Joint venture interest payable 47 56
358 370
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006  Annual Report & Accounts 2005 33
8. TAX ON PROFIT ON ORDINARY ACTIVITIES
a) Analysis of tax charge in the year.
The charge based on the profit for the year comprises.
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
UK Corporation tax:
Current year 3,082 2,162
Adjustment in respect of the previous period (213) (345)
2,869 1,817
Republic of Ireland corporation tax – 12.5% 60 –
2,929 1,817
Joint venture taxation charge 49 14
Total corporation tax 2,978 1,831
UK Deferred tax:
Origination and reversal of timing differences in respect of:
Profit in the period (56) 227
Total deferred tax (56) 227
Tax on profit on ordinary activities 2,922 2,058
b) Factors affecting tax charge for the period.
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
% %
Corporation tax at the statutory rate 30.0 30.0
Effects of:
Expenses not deductible for tax purposes* 4.1 4.8
Profit on disposal of subsidiary undertakings – not taxable (4.7) –
Accounting depreciation not eligible for tax purposes 1.0 1.6
Goodwill amortised 0.3 0.3
Adjustments relating to prior years corporation tax (1.9) (3.9)
Other timing differences 1.5 –
Decelerated capital allowances 0.1 0.1
Tax rate differences (0.1) –
Share option exercise deduction (3.6) (12.1)
Total current tax rate 26.7 20.8
*Includes impact of accelerated LTIP charge (see note 3).
c) Deferred taxation – Group
Deferred tax provided in the accounts is as follows:
At At
1 January 2 January
2006 2005
£000 £000
Accelerated capital allowances 725 857
Other timing differences (158) –
567 857
£000
Deferred tax provided at 2 January 2005 857
Charge to profit and loss account (56)
Deferred tax released on sale of subsidiary undertakings (234)
Deferred tax provided at 1 January 2006 567 34 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006 
8. TAX ON PROFIT ON ORDINARY ACTIVITIES (continued)
d) Factors that may affect future tax charges
No provision has been made for deferred tax where potentially taxable gains have been rolled over into replacement assets. Such gains 
would become taxable only if the assets were sold without it being possible to claim rollover relief. The amount not provided is £191,000
(2004: £191,000) in respect of this. At present, it is not envisaged that any tax will become payable in the foreseeable future.
The company is able to receive a tax deduction when new shares are issued to satisfy the exercise of share options. The timing of the 
exercise and hence resultant tax deduction is at the discretion of the option holder. 
9. DIVIDENDS PAID AND PROPOSED 
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Declared and paid during the year:
Final dividend for 2004 3.05p (2003: 2.18p) 1,531 1,083
Interim dividend for 2005 3.10p (2004: 2.20p) 1,638 1,157
3,169 2,240
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Proposed for approval at AGM (not recognised as a liability as at 1 January 2006 and 2 January 2005)
Final dividend for 2005 4.15p (2004: 3.05p) 2,031 1,531
10. EARNINGS PER ORDINARY SHARE
The calculation of basic earnings per ordinary share is based on earnings of £8,255,000 (2004: £6,731,000) and on 50,810,785 (2004: 50,883,095)
ordinary shares. 
The diluted earnings per share is based on earnings of £8,255,000 (2004: £6,731,000) and on 53,368,778 (2004: 53,108,892) ordinary shares. The
difference relates to the dilutive effect of share options and the impact of reversionary interests where the performance conditions have been met.
Reconciliation of basic and diluted earnings per share
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
Ordinary shares – basic earnings per share 50,810,785 50,883,095
Dilutive share options 832,056 2,225,797
Reversionary interests 1,725,937 _
Ordinary shares – diluted earnings per share 53,368,778 53,108,892
Reversionary interests have been granted over 3,800,000 shares, which have not yet vested at 1 January 2006. The dilutive effect of the number
of shares which would have vested at the year end based on the share price at the year end of 347p, have been included in the diluted earnings
per share calculation as the performance conditions have been met (for further details see Report on Directors Remuneration on page 16).  Annual Report & Accounts 2005 35
11. INTANGIBLE FIXED ASSETS
Group
Franchise Interest
Goodwill fees in leases Total
£000 £000 £000 £000
Cost:
At 2 January 2005 812 853 679 2,344
Additions – 50 345 395
Disposals
– subsidiary undertakings (257) (43) (60) (360)
– other (192) (28) (23) (243)
At 1 January 2006 363 832 941 2,136
Amortisation:
At 2 January 2005 175 487 162 824
Provided during the year 20 45 66 131
Disposals
– subsidiary undertakings (32) (10) (3) (45)
– other (95) (5) – (100)
At 1 January 2006 68 517 225 810
Net book value:
At 1 January 2006 295 315 716 1,326
At 2 January 2005 637 366 517 1,520
12. TANGIBLE FIXED ASSETS 
Group
Freehold land Leasehold Motor
buildings improvements vehicles Equipment Total
£000 £000 £000 £000 £000
Cost:
At 2 January 2005 8,271 1,843 14 9,129 19,257
Additions 6 454 – 1,786 2,246
Disposals
– subsidiary undertakings – (889) (7) (1,050) (1,946)
– other (32) (93) – (217) (342)
At 1 January 2006 8,245 1,315 7 9,648 19,215
Depreciation:
At 2 January 2005 523 74 8 4,057 4,662
Provided during the year 125 92 2 1,289 1,508
Disposals
– subsidiary undertakings – (41) (7) (385) (433)
– other – (9) – (106) (115)
At 1 January 2006 648 116 3 4,855 5,622
Net book value:
At 1 January 2006 7,597 1,199 4 4,793 13,593
At 2 January 2005 7,748 1,769 6 5,072 14,595
The net book value of equipment includes an amount of £26,000 (2004: £168,000) in respect of assets held under finance leases and hire 
purchase contracts, the depreciation charge on which was £10,000 (2004: £57,000).
Included within freehold land and buildings is an amount of £1,690,000 (2004: £1,690,000) in respect of land which is not depreciated. Also
included is an amount of £154,000 (2004: £154,000) of capitalised interest. No interest was capitalised during the year.  36 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006 
13. INVESTMENTS
Group
At At
1 January 2 January
2006 2005
£000 £000
Investments:
Joint ventures 451 383
£000
At 2 January 2005 383
Share of profit retained by joint ventures 68
At 1 January 2006 451
Included within the investment in joint ventures is an amount of £202,000 (2004: £217,000) of goodwill arising on acquisition.
Company
Subsidiary Joint
undertakings ventures Total
£000 £000 £000
Fixed asset investment
Cost:
At 2 January 2005 2,595 205 2,800
Investments sold:
DPGS Limited (75) (75)
Investments Acquired:
American Pizza Company Limited* 291 291
DP Peterborough Limited 120 120
DPGL Birmingham Limited 120 120
DP Newcastle & Sunderland Limited 120 120
DP Newcastle Limited** 82 82
At 1 January 2006 3,253 205 3,458
*  previously held by subsidiary undertaking
**purchase of minority interest
At 1 January 2006 the Company held directly more than 20% of the nominal value of the share capital of the following: 
Country of 
Name of company incorporation Proportion held Nature of business
Directly held subsidiary undertakings
Domino’s Pizza Group Limited England 100% ordinary Operation and management of 
franchise business
DP Realty Limited England 100% ordinary Property management
DP Group Developments Limited England 100% ordinary Property development
DP Capital Limited England 100% ordinary Leasing of equipment
DP Newcastle Limited England 100% ordinary Management of pizza delivery stores
American Pizza Company Limited England 100% ordinary Management of pizza delivery stores
DP Peterborough Limited England 80% ordinary Management of pizza delivery stores
DPGL Birmingham Limited England 80% ordinary Management of pizza delivery stores
DP Newcastle & Sunderland Limited England 80% ordinary Management of pizza delivery stores
Joint ventures
Full House Restaurants Limited England 41% ordinary Management of pizza delivery stores
Dominoid Limited Scotland 50% ordinary Management of pizza delivery stores 
Indirectly held subsidiaries
Livebait Limited England 100% ordinary Property management
DP Pizza Limited Republic of Ireland 100% ordinary Food service business Annual Report & Accounts 2005 37
13. INVESTMENTS (continued)
On 24 October 1998, a 41% interest in Full House Restaurants Limited was acquired for £205,000. Additionally, a loan of £345,000 was
advanced to Full House Restaurants Limited, which was repayable by equal quarterly instalments of £12,000, which commenced on 
30 June 2001. Interest at a rate of 2% above National Westminster Bank plc base rate was charged on the loan. At 1 January 2006 the 
balance outstanding on the loan was £nil (2004: £60,000).
Sales of £1,898,000 (2004: £1,777,000) were made to Full House Restaurants Limited during the year. The company received interest of 
£2,000 (2004: £9,000) in respect of the loan. 
At 1 January 2006, there was a receivable of £62,000 (2004: £76,000) from Full House Restaurants Limited, which has arisen through 
normal trading activities.
On 11 November 2002, a 50% interest in Dominoid Limited was acquired. Two stores were sold to Dominoid Limited and the consideration 
for the sale was satisfied by the issue of a Loan Note by Dominoid Limited of £436,000, which is repayable on demand at least one year 
after date of the agreement. The loan bears interest at a rate of 2.5% above Royal Bank of Scotland base rate. At 1 January 2006 the balance
outstanding on the loan was £436,000 (2004: £436,000).
Sales of £1,057,000 (2004: £852,000) were made to Dominoid Limited during the year. The company received interest of £31,000 (2004: £31,000)
in respect of the loan. 
At 1 January 2006 there was a receivable of £19,000 (2004: £36,000) from Dominoid Limited, which has arisen through normal trading activities.
During the year three new companies were formed, DP Peterborough Ltd, DPGL Birmingham Ltd and DP Newcastle & Sunderland Ltd. These
companies started trading on 26 August 2005. Domino’s Pizza UK & IRL plc acquired 80% of the shareholding in each of these companies.
These companies are consolidated within the financial statements of the Group. 
DPGS Limited and Triple A Pizza Limited were sold in June 2005 for a cash consideration of £3,650,000 (see related party transactions – note 29).
14. STOCKS
Group at Group at
1 January 2 January
2006 2005
£000 £000
Raw materials and goods for resale 2,186 2,700
15. DEBTORS
Group at Group at
1 January 2 January
2006 2005
£000 £000
Trade debtors 3,668 3,109
Amounts owed by joint ventures 517 496
Other debtors 3,166 4,557
Prepayments and accrued income 2,634 2,354
Net investment in finance leases 2,936 2,940
12,921 13,456
Amounts falling due after more than one year included above are:
Group at Group at
1 January 2 January
2006 2005
£000 £000
Trade debtors 156 238
Amounts owed by joint ventures – 436
Other debtors 73 74
Net investment in finance leases 1,939 1,973
2,168 2,721
The aggregate rentals receivable in respect of finance leases was £1,456,000 (2004: £1,354,000), and the interest element of this is included in turnover.
The cost of assets acquired for the purpose of letting under finance leases was £5,227,000 (2004: £4,948,000). 38 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006 
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group at Group at Company at Company at
1 January 2 January 1 January 2 January
2006 2005 2006 2005
£000 £000 £000 £000
(Restated) (Restated)
Other loans (note 19) 923 916 – –
Finance lease creditors (note 20) 18 24 – –
Trade creditors 3,930 4,318 – –
Corporation tax 2,194 814 – –
Other taxes and social security costs 1,230 1,217 – –
Other creditors 1,388 1,909 – –
Accruals and deferred income 4,059 4,392 10 6
13,742 13,590 10 6
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group at Group at Company at Company at
1 January 2 January 1 January 2 January
2006 2005 2006 2005
£000 £000 £000 £000
Bank loans (note 19) 7,500 6,360 7,500 6,360
Finance lease creditors (note 20) 8 18 – –
Other loans (note 19) 1,577 1,724 – –
9,085 8,102 7,500 6,360
Bank loans
The Group has entered into an agreement to obtain bank loans and mortgage facilities. These are secured by a fixed and floating charge 
over the Group’s assets and an unlimited guarantee provided by the Company. At 1 January 2006 the balance due under these facilities 
was £7,500,000 all of which is in relation to the EBT (2004: £6,360,000). The loans bear interest at 0.625% (2004: 0.625%) above National
Westminster Bank plc base rate.
Other loans
The remaining loans are repayable in equal instalments over a period of up to five years, these are unsecured. The average interest on 
the loans is 7.0% (2004: 7.1%).
18. PROVISIONS FOR LIABILITIES
Group at Group at Company at Company at 
1 January 2 January 1 January 2 January
2006 2005 2006 2005
£000 £000 £000 £000
Deferred tax (see note 8) 567 857 – –
Legal provisions 148 – 148 –
Property provisions 732 – 732 –
1,447 857 880 –
At 2 January Arising Utilised At 1 January
2005 in the year in the year 2006
£000 £000 £000 £000
Deferred tax 857 – (290) 567
Legal provisions – 284 (136) 148
Property provisions – 905 (173) 732
Total provisions 857 1,189 (599) 1,447
The legal provisions relate to fees charged in relation to the disposal of subsidiary undertakings as well as outstanding litigation matters arising
on the sale of stores. The outcome of the litigation is at present uncertain, and a final decision is not imminently expected. No estimate of the
likely outcome of the litigation can yet be made by the directors, but full provision for the potential costs likely to be incurred has been made. Annual Report & Accounts 2005 39
18. PROVISIONS FOR LIABILITIES (continued)
The property provisions relate to outstanding rent reviews, rates, service charges and dilapidation costs for stores sold as part of the sale of
subsidiary undertakings during the year (see note 29). The completion of the outstanding rent and rates reviews vary depending on the lease
and on average are resolved within 1 - 3 years following the review dates stipulated in the leases. The dilapidation costs are determined at the
end of the lease. 
19. LOANS
Group at Group at Company at Company at 
1 January 2 January 1 January 2 January
2006 2005 2006 2005
£000 £000 £000 £000
Amounts falling due:
In one year or less or on demand 923 916 – –
Due between one and two years 717 775 – –
In more than two years but not more than five years 8,360 7,309 7,500 6,360
10,000 9,000 7,500 6,360
20. OBLIGATIONS UNDER LEASES AND HIRE PURCHASE CONTRACTS
Amounts due under finance leases and hire purchase contracts: 
Group
At At
1 January 2 January
2006 2005
£000 £000
Amount payable:
Within one year 16 32
In two to five years 15 20
31 52
Less: finance charges allocated to future periods (5) (10)
26 42
Annual commitments under non-cancellable operating leases are as follows:
Land and Land and
buildings at buildings at Other at Other at
1 January 2 January 1 January 2 January
2006 2005 2006 2005
£000 £000 £000 £000
Operating leases that expire:
Within one year 100 84 60 155
In two to five years 651 550 1,005 1,007
In over five years 6,068 5,205 209 –
6,819 5,839 1,274 1,162
21. DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS
The Group’s financial risk management objectives consist of identifying and monitoring those risks which have an adverse impact on the value
of the Group’s financial assets and liabilities or on reported profitability and on the cash flows of the Group. The Group’s principal financial
instruments are bank loans, other loans, finance leases and cash. 
The financial instruments are principally in place to finance the head office facility and associated equipment, provide finance to franchisees
and to provide finance for the EBT loan. The Group has other financial instruments such as trade debtors and trade creditors that arise directly
from its operations. As permitted by FRS 13 short-term debtors and creditors have been excluded from the disclosure of financial liabilities
and assets. 
The Group has not entered into any derivative transactions such as interest rate swaps or financial foreign currency contracts. The main risks
arising from the Group’s financial instruments are set out below. In view of the low level of foreign currency transactions the Board does not
consider there to be any significant foreign currency risks.  40 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006 
21. DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS (continued)
Credit risk
Due to the nature of customers who trade on credit terms, being predominantly franchisees, the franchisee selection process is sufficiently
robust to ensure an appropriate credit verification procedure. In addition, trade debtors balances are monitored on an ongoing basis with 
the result that the Group’s exposure to bad debts is not significant. Since the Group trades only with franchisees that have been subject to 
the franchisee selection process and have provided personal guarantees as required under the franchise agreements, there is no requirement
for collateral. 
Price risk
The Board considers that the Group’s exposure to changing market prices on the values of financial instruments does not have a significant
impact on the carrying value of financial assets and liabilities. As such no specific policies are applied currently, although the Board will
continue to monitor the level of price risk and manage its exposure should the need occur.
Liquidity risk
The Group aims to mitigate liquidity risk by managing cash generation by its operations with cash collection targets set throughout the Group.
All major investment decisions are considered by the Board as part of the project appraisal process. In this way the Group aims to maintain a
good credit rating to facilitate fund raising.
Interest rate risk
The Board has a policy of ensuring a mix of fixed and floating rate borrowings. Whilst fixed rate interest bearing debt is not exposed to cash
flow interest rate risk, there is no opportunity for the Group to enjoy a reduction in borrowing costs when market rates are falling. Conversely,
whilst floating rate borrowings are not exposed to changes in fair value, the Group is exposed to cash flow risk as costs increase if market
rates rise.
Interest rate risk profile of financial assets
The interest rate profile of the financial assets of the Group was as follows:
Financial
Floating asset
Fixed rate rate on which
financial financial no interest Average
Total asset asset is paid period
At 1 January 2006 £000 £000 £000 £000 to maturity
Trade debtors 156 – 156 –
Other debtors 73 – – 73 84 months
Joint venture loan 436 – 436 –
Finance lease receivable 2,936 2,936 – – 27 months
Cash 5,885 – 5,885 –
9,486 2,936 6,477 73
The floating rate financial assets are based on the Group’s bank base rate plus a fixed percentage of 2% (2004: 2%).
The average interest on the fixed rate financial asset is 11% (2004: 11%).
Financial
Floating asset
Fixed rate rate on which
financial financial no interest Average
Total asset asset is paid period
At 2 January 2005 £000 £000 £000 £000 to maturity
Trade debtors 238 – 238 –
Other debtors 73 – – 73 85 months
Joint venture loan 496 – 496 –
Finance lease receivable 2,940 2,940 – – 28 months
Cash 4,824 – 4,824 –
8,571 2,940 5,558 73
The fair value of the financial assets is not considered materially different from book value except for the fixed rate financial asset where the
fair value is £2,500,000 (2004: £2,640,000). The fair value has been determined by discounting the cash flows of the fixed rate financial assets
at prevailing market rates. 21. DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS (continued)
Interest rate risk profile of financial liabilities
The interest rate profile of the financial liabilities of the Group was as follows:
Financial
Floating liability on
Fixed rate rate which no
financial financial interest
Total liability liability is paid
At 1 January 2006 £000 £000 £000 £000
Bank loan 7,500 – 7,500 –
Other loan 2,500 2,500 – –
Finance leases 26 26 – –
Provisions 1,447 – – 1,447
11,473 2,526 7,500 1,447
Financial
Floating liability on
Fixed rate rate which no
financial financial interest
Total liability liability is paid
£000 £000 £000 £000
At 2 January 2005 (Restated) (Restated)
Bank loan 6,360 – 6,360 –
Other loan 2,640 2,640 – –
Finance leases 42 42 – –
Provisions 857 – – 857
9,899 2,682 6,360 857
The average interest on the fixed rate financial liability is 7.0% (2004: 7.1%). This is fixed over a weighted average period of 26 months
(2004: 29 months). The bank loan relates to a revolving facility granted to the EBT for the purpose of acquiring shares in the Company for 
the benefit of the Company’s employees. The loan attracts interest at a rate of 0.625% (2004: 0.625%) above National Westminster Bank plc
base rate and expires on 11 September 2013.
The maturity profile of the Group’s financial liabilities is set out in notes 17 and 19. The fair value of the financial liabilities is not considered
materially different from book value.
Other loan facilities at 1 January amounted to £5,000,000 (2004: £4,500,000) in respect of other loans relating to a limited recourse loan facility.
Of the other loan facilities, £5,000,000 expires on 31 December 2006 (2004: £3,000,000 expired on 05 March 2005 and £1,500,000 expired on
30 November 2005).
22. SHARE CAPITAL
Authorised
No. £
At 2 January 2005 & 28 December 2003 80,000,000 4,000,000
Additions in the year ––
At 1 January 2006 & 2 January 2005 80,000,000 4,000,000
Issued allotted and fully paid Issued allotted and fully paid
At 1 January At 2 January
2006 2005
No. £ No. £
At 2 January 2005 54,808,550 2,740,428 53,199,008 2,659,967
Additions in the year 720,897 36,045 2,409,542 120,461
Share buybacks (2,614,936) (130,747) (800,000) (40,000)
At 1 January 2006 52,914,511 2,645,726 54,808,550 2,740,428
Annual Report & Accounts 2005 41 42 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006 
22. SHARE CAPITAL (continued)
During the year 720,897 (2004: 2,409,542) shares of 5p each with a nominal value of £36,045 (2004: £120,461) were issued at between 42.1p and
206.5p for total cash consideration received of £472,000 (2004: £1,071,000) to satisfy options that were exercised. During the period May 2005 
to December 2005 the Company bought back a total of 2,614,936 (2004: 800,000) ordinary shares of 5p each for a total value of £8,222,000
(including costs of £138,000) (2004: £1,610,000). The price for which these shares were purchased ranged between 270.5p and 316p per share.
As at 1 January 2006, the following share options were outstanding:
Exercise Outstanding Granted Exercised Forfeited Outstanding
price at 2 January during during during at 1 January 
Date of grant £ 2005 the year the year the year 2006
Domino’s Pizza (unapproved) Scheme
24 November 1999 42.1p 555,316 – (300,198) (10,819) 244,299
24 November 1999 50.0p 332,605 – (116,535) (2,000) 214,070
4 August 2000 53.0p 183,601 – (50,700) (9,801) 123,100
25 October 2001 55.0p 242,882 – (88,132) (27,749) 127,001
11 March 2002 74.5p 100,000 – (100,000) – –
23 March 2004 206.5p – 10,000 – – 10,000
15 December 2005 342.5p – 768,131 – – 768,131
1,414,404 778,131 (655,565) (50,369) 1,486,601
EMI Scheme
23 March 2004 206.5p 473,750 – (65,332) (30,917) 377,501
Sharesave Scheme
29 December 2005 242.8p – 229,690 – – 229,690
1,888,154 1,007,821 (720,897) (81,286) 2,093,792
Weighted average exercise price 89.2p 318.4p 65.1p 110.5p 207.0p
The weighted average remaining contractual life of the options outstanding at 1 January 2006 is 7.0 years (2004: 6.4 years). The weighted
average share price for options exercised during 2005 was 273p (2004: 199p). 
As at 2 January 2005 the following share options were outstanding:
Exercise Outstanding at Granted Exercised Forfeited Outstanding
price 28 December during during during at 2 January
Date of grant £ 2003 the year the year the year 2005
Domino’s Pizza (unapproved) Scheme
24 November 1999 42.1p 1,943,786 – (1,388,470) – 555,316
24 November 1999 50.0p 746,240 – (407,905) (5,730) 332,605
4 August 2000 53.0p 344,867 – (161,266) – 183,601
1 January 2001 33.5p 278,794 – (278,794) – –
25 October 2001 55.0p 365,758 – (115,209) (7,667) 242,882
11 March 2002 74.5p 100,000––– 100,000
2 April 2002 76.0p 75,000 – (50,000) (25,000) –
3,854,445 – (2,401,644) (38,397) 1,414,404
EMI Scheme
23 March 2004 206.5p – 481,000 – (7,250) 473,750
3,854,445 481,000 (2,401,644) (45,647) 1,888,154
Weighted average exercise price 46.7p 206.5p 44.5p 89.9p 89.2p Annual Report & Accounts 2005 43
22. SHARE CAPITAL (continued)
The following share options were exercisable at the year end:
Exercisable Exercisable
at 1 January at 2 January
2006 2005
Domino’s Pizza (unapproved) Scheme
24 November 1999 244,299 555,316
24 November 1999 214,070 332,605
4 August 2000 123,100 183,601
25 October 2001 127,001 242,882
11 March 2002 – 66,667
23 March 2004 3,333 –
711,803 1,381,071
EMI Scheme
23 March 2004 56,834 –
768,637 1,381,071
Weighted average exercise price 61.1p 49.3p
On 24 November 1999 participants in the Domino’s Pizza Group Limited (Unapproved) Share Option Scheme (which had been in place since
31 March 1999) had the option of exchanging options over shares in Domino’s Pizza Group Limited in return for equivalent options over 
ordinary shares in the Company under the Domino’s Pizza Share Option (Unapproved) Scheme.
On 23 March 2004, the Company established the Domino’s Pizza UK & IRL plc Enterprise Management Incentive Scheme (EMI Scheme). Under
the scheme 481,000 options were granted at 206.5p, the market price on the date of the grant. The options are only exercisable if the growth in
the Company’s EPS during a performance year exceeds the growth in RPI during that performance year by at least 5%. The EMI options lapse
after 10 years or in certain other circumstances connected with leaving the Company.
In respect of all outstanding options under these schemes, options may be exercised as follows:
One year after date of grant – maximum 1/3 of options held
Two years after date of grant – maximum 2/3 of options held
Three years after date of grant – in full
The options expire 10 years after the date granted. 
In 2003 the Domino’s Pizza UK & IRL plc Employee Benefit Trust was established for the benefit of employees. The trust was established to
hold and deal in the Company’s shares under two new share incentive schemes. These are the Domino’s Pizza UK & IRL plc 2003 Enterprise
Management Incentive Scheme, under which the Company may grant options over ordinary shares to eligible full time employees. 
During the year the Group introduced a Sharesave Scheme giving employees the option to acquire shares in the Company. Employees have
the option to save an amount per month up to a maximum of £250 and at the end of three years they have the option to purchase shares in
the Company or to take their savings in cash.
The Employee Benefit Trust also operates a long-term incentive plan under which senior executives may be incentivised by the grant to 
them of reversionary interests over a portion of the assets of the trust. During the year further reversionary interests were granted over
375,000 shares. At 1 January 2006, the Trust held 3,974,921 shares, which had a historic cost of £7,499,864. These shares had a market 
value at 1 January 2006 of £13,792,976.
At 1 January 2006 reversionary interests over 3,800,000 shares in Domino’s Pizza UK & IRL plc have been granted. Further details are 
contained in the Report on Director’s Remuneration on page 16. 44 Domino’s Pizza UK & IRL plc
23. SHARE-BASED PAYMENT PLANS
Long Term Senior Executive Plan
Reversionary interests over assets held in Domino’s Pizza UK & IRL plc Employee Benefit Trust are approved and granted, at the discretion of
the Board, to senior executives. The interests vest within a five year period when certain performance targets have been achieved by the Group.
For the interests granted in 2003 to vest, the diluted earnings per share must have reached 14p per share, the profit before tax must be greater
than £11,000,000 and the 2005 financial statements must have been approved by the Board. The interests granted in 2004 vest when the diluted
earnings per share reaches 24p and the profit before tax exceeds £17,000,000. The interests granted in 2005 vest when the diluted earnings per
share reach 27p and the profit before tax is more than £20,000,000.
The contractual life of each interest is 5 years and all awards are equity settled.
The fair value of reversionary interests, which will be equity-settled, is estimated as at the date of granting using a Black Scholes model, taking
into account the terms and conditions upon which they were granted. The following table lists the inputs to the model used for the valuations
in 2004 and 2005:
2005 2004
Dividend yield (%) 3.3 3.3
Expected volatility (%) 17.0 20.0
Historical volatility – 250 day (%) 28.7 28.8
Risk-free interest rate (%) 4.3 4.5
Expected life of reversionary interests (years) 4.4 5.3
Weighted average exercise price (pence) 295.0 200.0
Weighted average share price (pence) 295.0 200.0
The expected life of the reversionary interests are based on historical data and are not necessarily indicative of exercise patterns that may
occur.
The expected volatility reflects the assumption that the historical volatility is indicative of future trends, which may also not necessarily be the
actual outcome. No other features of options were incorporated into the measurement of fair value and non-market conditions have not been
included in calculating the fair value. 
Employee Share-option
All other employees are eligible for grants of options, which are approved by the Board.
The options vest over a 3 year period and are exercisable subject to the condition that the growth in basic earnings per share in any financial
year between grant and vesting exceeds the growth in the Retail Price Index in the previous financial year by at least 5% (see note 22 for
further details).
The contractual life of each option granted is 10 years. There are no cash settlement alternatives and all awards are equity settled. 
The fair value of equity-settled share options granted, for the EMI and Domino’s Pizza (unapproved) schemes, is estimated as at the date of
granting using a Binomial model, taking into account the terms and conditions upon which the options were granted. The following table lists
the inputs to the model used for the valuations for the EMI and Domino’s Pizza (unapproved) schemes in 2004 and 2005:
2005 2004
Dividend yield (%) 3.3 2.9
Expected volatility (%) 19.0 23.0
Historical volatility - 250 day (%) 28.1 27.7
Risk-free interest rate (%) 4.3 4.6
Expected life of options (years) 3.5 7.0
Weighted average exercise price (pence) 340.8 206.5
Weighted average share price (pence) 340.8 206.5
The expected life of the options is based on historical data and is not necessarily indicative of exercise patterns that may occur.
The expected volatility reflects the assumption that the historical volatility is indicative of future trends, which may also not necessarily be the
actual outcome. No other features of options were incorporated into the measurement of fair value and non-market conditions have not been
included in calculating the fair value.
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006  23. SHARE-BASED PAYMENT PLANS (continued)
Sharesave Scheme
During the year the Group introduced a Sharesave Scheme giving employees the option to acquire shares in the Company. Employees have
the option to save an amount per month up to a maximum of £250 and at the end of three years they have the option to purchase shares in
the Company or to take their savings in cash.
The contractual life of the scheme is 3 years. The fair value of equity-settled options granted, is estimated as at the date of granting using a
Black Scholes model, taking into account the terms and conditions upon which the options were granted. The following table lists the inputs
to the model used for the valuations for the Sharesave Scheme 2005:
2005
Dividend yield (%) 3.0
Expected volatility (%) 23.0
Historical volatility - 250 day (%) 28.1
Risk-free interest rate (%) 4.2
Expected life of options (years) 3.3
Weighted average exercise price (pence) 242.8
Weighted average share price (pence) 242.8
The expected life of the options is based on an average of exercise period which is between 3 – 3.5 years.
The expected volatility reflects the assumption that the historical volatility is indicative of future trends, which may also not necessarily be 
the actual outcome. No other features of options were incorporated into the measurement of fair value and non-market conditions have not
been included in calculating the fair value.
24. RECONCILIATION OF SHAREHOLDERS’ FUNDS AND MOVEMENT ON RESERVES
Group
Share Capital Treasury Profit Total 
Share Premium Redemption Shares held & Loss Shareholders’ 
Capital Account Reserve by EBT Account Funds
£000 £000 £000 £000 £000 £000
At 28 December 2003 – previously reported 2,660 3,290 – (5,160) 9,890 10,680
2003 Final Dividend – prior year adjustment –––– 1,083 1,083
At 28 December 2003 - Restated 2,660 3,290 – (5,160) 10,973 11,763
Proceeds from share issue 120 951––– 1,071
Share buybacks (40) – 40 – (1,610) (1,610)
Treasury shares held by EBT – – – (1,200) – (1,200)
Profit for the year –––– 6,731 6,731
Share option and LTIP charge –––– 332 332
Dividends –––– (2,240) (2,240)
At 2 January 2005 2,740 4,241 40 (6,360) 14,186 14,847
Proceeds from share issue 36 436––– 472
Share buybacks (131) – 131 – (8,222) (8,222)
Treasury shares held by EBT – – – (1,140) – (1,140)
Profit for the year –––– 8,255 8,255
Share option and LTIP charge –––– 963 963
Dividends –––– (3,169) (3,169)
At 1 January 2006 2,645 4,677 171 (7,500) 12,013 12,006
Annual Report & Accounts 2005 45 24. RECONCILIATION OF SHAREHOLDERS’ FUNDS AND MOVEMENT ON RESERVES (continued)
Company
Share Capital Treasury Profit Total 
Share Premium Redemption Shares held & Loss Shareholders’ 
Capital Account Reserve by EBT Account Funds
£000 £000 £000 £000 £000 £000
At 28 December 2003 – previously reported 2,660 3,290 – (5,160) 5,160 5,950
2003 Final Dividend – prior year adjustment –––– 1,083 1,083
At 28 December 2003 - Restated 2,660 3,290 – (5,160) 6,243 7,033
Proceeds from share issue 120 951––– 1,071
Share buybacks (40) – 40 – (1,610) (1,610)
Profit for the year –––– 5,166 5,166
Share option and LTIP charge –––– 332 332
Dividends – – – (2,240) (2,240)
Treasury shares held by EBT – – – (1,200) – (1,200)
At 2 January 2005 2,740 4,241 40 (6,360) 7,891 8,552
Proceeds from share issue 36 436––– 472
Share buybacks (131) – 131 – (8,222) (8,222)
Profit for the year –––– 12,994 12,994
Share option and LTIP charge –––– 963 963
Dividends –––– (3,169) (3,169)
Treasury shares held by EBT – – – (1,140) – (1,140)
At 1 January 2006 2,645 4,677 171 (7,500) 10,457 10,450
During the period May 2005 to December 2005 the Company bought back a total of 2,614,936 (2004: 800,000) ordinary shares of 5p each. 
The price for which these shares were purchased ranged between 270.5p and 316p per share.
25. PROFIT AND LOSS ACCOUNT
Profit after taxation amounting to £12,994,000 (2004: £5,166,000) has been dealt with in the accounts of the Company.
46 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006  26. NOTES TO THE STATEMENT OF CASH FLOWS 
(a) Reconciliation of operating profit to net cash inflow from operating activities
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Operating profit 10,214 9,033
Depreciation charge 1,508 1,386
Amortisation charge 131 133
Share option and accelerated LTIP charge 963 333
Decrease/(increase) in stocks 489 (857)
Decrease/(increase) in debtors 337 (1,505)
(Decrease)/increase in creditors (968) 1,420
12,674 9,943
(b) Acquisitions and disposals
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Cash receipts on disposal of subsidiary undertakings – net of costs 3,354 –
Cash balances disposed of with subsidiary undertakings (5) –
Utilisation of provisions relating to subsidiary undertakings (309)
Purchase of shares previously held by minority shareholders (82) (280)
Receipts from – minority interests in new subsidiary undertakings 90 –
3,048 (280)
(c) Analysis of net debt
At Other At
2 January non-cash 1 January
2005 Cash flow movements 2006
£000 £000 £000 £000
Cash at bank and in hand 4,824 (2,589) – 2,235
Cash receipts on disposal of subsidiary undertakings - 3,650 – 3,650
Cash at bank and in hand 4,824 1,061 – 5,885
EBT Loans (6,360) (1,140) – (7,500)
Other loans (within one year) (916) 1,146 (1,153) (923)
Other loans (due after one year) (1,724) (1006) 1,153 (1,577)
Finance leases (42) 16 – (26)
Net debt (4,218) 77 – (4,141)
(d) Reconciliation of net cash flow to movement in net debt
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
(Decrease)/increase in cash before sale of subsidiary undertakings (2,589) 1,103
Proceeds from the sale of subsidiary undertakings 3,650 –
Increase in cash including sale of subsidiary undertakings 1,061 1,103
Cash outflow from increase in loans (2,146) (3,278)
Repayment of long-term loans 1,146 2,177
Repayments of capital element of finance leases and hire purchase contracts 16 23
Movement in net debt 77 25
Net debt at 2 January 2005 (4,218) (4,243)
Net debt at 1 January 2006 (4,141) (4,218)
Annual Report & Accounts 2005 47 27. CAPITAL COMMITMENTS
Amounts contracted for but not provided in the accounts amounted to £ nil for the Group and £ nil for the Company (2004: £nil and £nil
respectively).
28. CONTINGENT LIABILITIES
Additional consideration up to a maximum of £500,000 in cash, may become payable for the acquisition of American Pizza Company Limited,
dependent upon certain conditions being met. Due to the remote probability of these conditions being met, the directors consider a provision
of these amounts to be inappropriate.
Pursuant to the relevant regulation of the European Communities (Companies: Group Accounts) Regulations, 1992 the Company has guaranteed
the liabilities of the Irish subsidiary, DP Pizza Ltd and as a result the Irish company has been exempted from the filing provisions section 7,
Companies (Amendment) Act 1986 of the Republic of Ireland.
29. RELATED PARTIES
During the period, the Group traded with International Franchise Systems Inc., in the normal course of business and at normal market prices.
Colin Halpern is a director of International Franchise Systems Inc.
Transactions between the Group and International Franchise Systems Inc, are set out below:
52 weeks 53 weeks
ended ended
1 January 2 January
2006 2005
£000 £000
Current account:
Costs incurred by Domino’s Pizza Group Limited on behalf of International Franchise Systems Inc. 365 424
Costs incurred by International Franchise Systems Inc., on behalf of Domino’s Pizza Group Limited – (8)
Transfer of funds (from)/to International Franchise Systems Inc. (125) 16
Management charges from International Franchise Systems Inc. (240) (432)
Closing debt due to International Franchise Systems Inc. – –
In June 2005 the Company sold its subsidiaries, DPGS Limited and Triple A Pizza Limited for a cash consideration of £3,650,000 to Dough
Trading Limited. Dough Trading Limited is controlled by Marc Halpern, the son of Colin Halpern. HS Real Company is guaranteeing part 
of the debt funding that Dough Trading Limited has used for the acquisition. HS Real Company is owned by a discretionary trust, the 
beneficiaries of which are the adult children of Colin and Gail Halpern. By virtue of Colin Halpern’s position in the Company and his 
relationship with HS Real Company, he took no part in the voting at the Company’s board meeting on the approval of the transaction.
The consideration for the sale of the companies was calculated taking into account market rates and the full consideration was received 
prior to the year end. A further corporate store was sold for a cash consideration of £350,000 to Dough Trading Limited during the year. 
The transactions resulted in a profit on sale of £814,000 in total (see note 3).
At the year end there is a balance owing from DPGS Ltd of £65,000, which has arisen during the course of normal trading. Since June 2005
sales of £1,686,000 have been made to DPGS Ltd at normal market prices. 
Transactions between the Group and its joint ventures are set out in note 13.
48 Domino’s Pizza UK & IRL plc
NOTES TO THE FINANCIAL STATEMENTS 
at 1 January 2006  1 January 2 January 28 December 29 December 30 December
2006 2005 2003 2002 2001
Trading Weeks 52 53 52 52 52
System sales (£m) 200.7 174.3 142.3 118.9 98.4
Group sales (£m) 81.7 74.2 61.6 53.1 43.8
Operating profit (£000s) 10,378 9,138 5,966 4,563 3,214
Profit before tax (£000s) 11,169 8,821 6,537 4,239 2,862
Basic earnings per share (pence) 16.25 13.23 9.02 5.60 4.00
Dividends per share (pence) 7.25 5.25 3.50 2.00 1.33
Shareholders’ funds (£000s)* 12,006 14,847 10,680 11,701 9,598
Net indebtedness (£000s) (4,141) (4,218) (4,243) (6,308) (5,760)
Capital gearing 34.5% 28.4% 39.7% 53.9% 60.0%
Stores at start of year 357 318 269 237 215
Stores opened 50 40 50 34 24
Stores closed – (1) (1) (2) (2)
Stores at year end 407 357 318 269 237
Corporate stores at year end 5 18 17 35 34
Like-for-like sales growth (%) 7.1% 6.6% 7.4% 11.2% 21.4%
*2004 Restated 
Annual Report & Accounts 2005 49
FIVE YEAR FINANCIAL SUMMARY  Notice is hereby given that the Annual General Meeting of Domino’ Pizza UK & IRL plc (the “Company”) will be held at The Training Centre,
Unit B, Kingston Centre, Winchester Circle, Kingston, Milton Keynes. MK10 0AB at 1.00pm on Thursday 27 April, 2006 for the following business:
Ordinary business
To receive and, if thought fit, pass the following resolutions numbered 1-8 (inclusive) as ordinary resolutions.
1. To receive and consider the report of the directors and auditors and the audited financial statements of the Company for the 52 weeks
ended 1 January 2006;
2. To approve a final dividend of 4.15 pence per ordinary share in the capital of the Company (“Ordinary Share”)
3. To re-elect Colin Halpern as a director following his retirement by rotation;
4. To re-elect Christopher Moore as a director following his retirement by rotation; 
5. To re-elect Lee Ginsberg as a director following his retirement by rotation;
6. To re-appoint Michael Shallow as a director in accordance with Article 33.2, being a director appointed since the last Annual General Meeting;
7. To re-appoint Dianne Thompson as a director in accordance with Article 33.2, being a director appointed since the last Annual General Meeting;
8. To re-appoint Ernst & Young LLP as auditors and to authorise the Directors to fix their remuneration;
Special business
9. To consider, and if thought fit, pass the following as an ordinary resolution:
“THAT the directors be and hereby are generally and unconditionally be authorised pursuant to and in accordance with Section 80 of the
Companies Act (the “Act”) to allot relevant securities (as defined within Section 80(2) of the Act) up to an aggregate nominal value of
£882,929.05.
The authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2007 or, if
earlier, 15 months from the date of the passing of this resolution, unless such authority is renewed prior to such time. Under the authority
hereby conferred the directors may during such period make agreements which would or might require relevant securities to be allotted
after the expiry of such period.”
10. To consider, and if thought fit, pass the following resolution which will be proposed as a special resolution:
“THAT (subject to the passing of resolution 9 set out in the notice convening this meeting) the directors be and hereby are authorised
pursuant to and in accordance with Section 95(1) of the Act to allot equity securities (as defined in Section 94(2) of the Act) wholly for 
cash pursuant to the authority conferred by Resolution 9 above, without regard to any existing pre-emption rights, as if Section 89(1) of
the Act did not apply to any such allotment provided that such power shall be limited to:
(a) the allotment of equity securities in connection with a rights issue in favour of the holders of ordinary shares on the register of members
at such record date or dates as the directors may determine for the purpose of the issue where the equity securities respectively
attributable to the interest of the ordinary shareholders are proportionate (as nearly as may be) to the respective numbers of ordinary
shares held by them on any such record date or dates, subject only to such exclusions or other arrangements as the directors may deem
necessary or expedient to deal with factional entitlements or legal or practical problems arising under the laws of any territory, or the
requirements of any statutory or regulatory body or stock exchange in any territory; and
(b) the allotment (otherwise than pursuant to paragraph (a) above) of equity securities up to an aggregate nominal value of £132,439.35 
which is equal to but not more than 5% of the issued ordinary share capital
The authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2007 or, if
earlier, 15 months from the date of the passing of this resolution, unless such authority is renewed prior to such time. Under the authority
hereby conferred the directors may during such period make agreements, which would or might require relevant securities to be allotted
after the expiry of such period.
11. To consider and if thought fit to pass the following resolution which will be proposed as a special resolution:
“THAT the Company be generally and unconditionally authorised to make one or more market purchases (within the meaning of s163(3) 
of the Companies Act 1985) of Ordinary shares of five pence each in the capital of the Company provided that:
(a) the maximum aggregate number of Ordinary Shares authorised to be purchased is 5,297,574 (representing 10% of the issued ordinary
share capital);
(b) the minimum price which may be paid for an Ordinary Share is five pence;
(c) the maximum price which may be paid for an Ordinary Share is an amount equal to 105% of the average of the middle market quotations
for an Ordinary Share as derived from The London Stock Exchange Daily Official List for the five business days immediately preceding the
day on which that Ordinary Share is purchased; and
50 Domino’s Pizza UK & IRL plc
NOTICE OF ANNUAL GENERAL MEETING (d) this authority expires at the close of the next Annual General Meeting of the Company after the passing of this resolution (or, if sooner, at
the expiration of 15 months from the date of the passing of this resolution), save that the Company may before such expiry make an offer
or agreement to purchase Ordinary shares under this authority which would or might require to be executed wholly or partly after such
expiry, and the Company may make a purchase of Ordinary Shares in pursuance of such an offer or agreement as if the power conferred
hereby had not expired”.
By order of the Board
Lee Ginsberg
Company Secretary
Registered Office: Lasborough Road, Kingston, Milton Keynes, MK10 0AB
27 March, 2006
Notes:
1. Any member entitled to attend and vote at the Meeting may appoint one or more other persons as a proxy or proxies to attend and, in the
event of a poll, to vote instead of him or her. A proxy need not be a member of the Company. Shareholders will receive a Proxy Form with
this document.
2. Proxy Forms, if used, must reach Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU not less than 48 hours
before the time fixed for the Meeting and in default will not be treated as valid. Completion of a Proxy Form will not preclude shareholders
from attending and voting at the Meeting should they wish to do so.
3. The Register of directors’ interests in shares in, or debentures of, the Company and copies of the directors’ service contracts of more than
one year’s duration will be available for inspection at the registered office of the Company during business hours only on any weekday
(excluding Saturdays, Sundays and public holidays) from the date of this Notice until the date of the Annual General Meeting and at the
place of the Meeting from 9.00am until the conclusion of the Meeting.
Further explanatory notes:
1. Resolution 1 – Report and Accounts
The Directors are required to present for the 52 weeks ended 1 January 2006 to the Meeting.
2. Resolution 2 – Declaration of a dividend
A dividend can only be paid if it is recommended by the Directors and approved by the shareholders at a General Meeting. The Directors
propose that a final dividend of 4.15 pence per ordinary share of five pence each in the Company (“Ordinary Shares”) be paid on 
28 April 2006 to ordinary shareholders who are on the register at the close of business on 7 April 2006. An interim dividend of 3.10 
pence per Ordinary Share was paid on 31 August 2005.
3. Resolutions 3, 4 and 5 – Retirement by rotation
The Articles of Association of the Company requires one third of the Directors to retire at each Annual General Meeting (generally those
who have been longest in office since their last appointment). Colin Halpern, Christopher Moore and Lee Ginsberg will retire by rotation
and seek re-election.
4. Resolutions 6 and 7 – Re-appointment of new directors
The Articles of Association of the Company requires that any Director appointed to the Board by ordinary resolution shall hold office only
until the next following annual general meeting and shall then be eligible for reappointment. Michael Shallow and Dianne Thompson were
appointed since the last Annual General Meeting and thus retire and seek reappointment.
5. Resolution 8 – Re-appointment of auditors
The Company is required to appoint auditors at each Annual General Meeting to hold office until the next such meeting at which accounts
are presented. This resolution proposes the re-appointment of the Company’s existing auditors, Ernst & Young LLP , and authorises the
Directors to agree their remuneration.
6. Resolution 9 – Asks the shareholders to renew the directors’ general authority to allot unissued shares, should it be desirable to do so. 
In accordance with corporate governance best practice recommendations, if approved, this authority is limited to an aggregate nominal
amount of £882,929.05.
7. Resolution 10 – Renews an existing authority given to the directors each year to allot shares for cash to person other than existing
shareholders up to a maximum of 5% of the Company’s issued share capital. This authority, which will expire at the next annual general
meeting or, if earlier, 15 months from the date of the resolution, gives the directors flexibility to take advantage of business opportunities
as they arise and the 5% limit ensures that existing shareholders’ interests are protected.
8. Resolution 11 – seeks to grant (until the next Annual General Meeting or the expiration of 15 months if sooner) the Directors authority to
purchase the Company’s own shares up to a maximum of 10% of the issued Ordinary share capital of the Company. In proposing this
Resolution, the Directors consider that it is in the best interests of the Company and its shareholders that Directors should retain the ability
to make market purchases of the Company’s own shares without the cost and delay of an Extraordinary General Meeting to seek specific
authority for a share purchase.
Annual Report & Accounts 2005 51 52 Domino’s Pizza UK & IRL plc
A
Aberdeen
Clifton Road
Kittybrewster
01224 482232
Aberdeen
67 Wellington Road
01224 894545
Abingdon
Ock street
01235 523383
Airdrie
South Bridge Street
01236 749999
Aldershot
Victoria Road
01252 344455
Allestree
Park Farm Centre
01332 557777
Altrincham
Stamford New Road
0161 9291888
Alvaston
Keldholme Lane
01332 757875
Alverstoke
The Avenue 
Gosport
02392 511544
Andover
Bridge Street
01264 363333
Ashford
Somerset Road
01233 666600
Athlone
N6 Centre
Athlone
00353 9064 91155
Aylesbury
Cambridge Street
01296 336868
Ayr
Allison Street
01292 288011
B
Ballards Lane
Finchley
0208 3468448
Ballymena
Cushendall Road
02825 659999
Banbury
South Bar
01295 252566
Bangor
Abbey Street
02891 469696
Barking
Longbridge Road
0208 5944404
Barnet
High Street
0208 4407666
Barry
Holton Road
01446 420042
Basingstoke
Winton Square
01256 810000
Basingstoke - Chineham
Chineham Shopping Centre
01256 810030
Bath
Walcott Street
01225 421421
Bayswater
Westbourne Park Road
0207 229 7770
Bedford
Midland Road
01234 330030
Bedford – Kempston
Saxon Centre 
232 Bedford Road
01234 855588
Beeston
Villa Street
01159 436363
Belfast 1
Lisburn Road
02890 244222
Belfast 2
Knock Road
02890 703222
Belfast 3
Antrim Road
02890 757475
Belmont
Kenton Lane
0208 9093666
Berkhamsted
High Street
01442 875975
Bicester
Buckingham Crescent
01869 322222
Birmingham
Kingstanding Shopping Centre
0121 3556226
Bishop’s Stortford
Northgate End
01279 506000
Blackburn
Roe Lee Retail Centre
01254 660090
Blackpool
Cleveleys
01253 862222
Blackpool
North Shore
01253 352222
Blackpool
South Shore
01253 792212
Blackpool
Whitegate Drive
01253 390444
Blackwood
North Court
01495 231133
Bognor Regis
Station Road
01243 828890
Bolton
Westhoughton
01942 841717
Bournemouth
Wimbourne Road
01202 521666
Bracknell
Crossway
01344 300900
Bradford East 
Bolton Road
01274 631111
Braintree
Coggeshall Road
01376 553000
Brentwood
High Street
01277 219999
Bridgend
Quarella Road
01656 668877
Bridgwater
Eastover
01278 452727
Brighton
St Georges Place
01273 675676
Bristol Emerson’s Green
Emerson’s Green Retail Park
0117 9566889
Bristol
Kingswood
0117 9616111
Bristol
Whiteladies Road
0117 9733400
Bristol
Horfield
0117 9512777
Bristol
Parkway
0117 9798855
Briton Ferry
Neath Road
01639 822742
Bromborough
Village Road
0151 3461333
Bromley
High Street
0208 4669000
Bulwell
Commercial Road
01159 273130
Burton on Trent
Orchard Street
01283 515666
Bury
Bolton Road
0161 2720002
C
Caerphilly
Picadilly Square
02920 882223
Cambridge
Hills Road
01223 355155
Cannock
Newhall Street
01543 500303
Canvey Island
High Street
01268 699999
Cardiff 1
Crwys Road
02920 229977
Cardiff 2
Cowbridge Road East
02920 232000
Cardiff 3
Mermaid Quay
02920 451851
Carlisle
London Road
01228 595955
Carlow
Castle Hill Centre
00353 599137373
Catford
Brownhill Road
0208 6955665
Chadwell Heath
High Road
0208 5038222
Chalfont St Peter
Market Place
01753 888899
Chalk Farm
Regents Park Road
0207 7220070
Chatham
Chatham Hill
01634 849999
STORE LOCATIONS Annual Report & Accounts 2005 53
Chelmsford
Duke street
01245 357777
Cheadle Hulme
Turves Road
0161 4828555
Cheltenham
High Street
01242 230030
Cheshunt
Turners Hill
01992 631100
Chester
Black Diamond Street
01244 311113
Chesterfield
Lordsmill Street
01246 551122
Chichester
Terminus Road
01243 780990
Chingford
Old Church Road
0208 5299400
Chippenham
New Road
01249 462266
Chorley
George Street
01257 275511
Christchurch
Barrack Road
01202 489898
Clapham
Battersea Rise
0207 9242572
Clondalkin
Tower Shopping Centre
00353 14570000
Coalville
Marlborough Square
01530 815845
Colchester
North Station Road
01206 545000
Coleraine
Dunmore Street
02870 344344
Cork 1
Douglas Village
00353 214 890900
Cork 2
Washington Street
00353 214 222288
Coventry 1 
Fletchampstead Highway
02476 717111
Coventry 2
Jubilee Crescent
02476 599599
Cramlington
South Mall Extension
01670 733777
Cranford
Bath Road
020 8990 9999
Crawley
High Street
01293 519999
Crewe
Nantwich Road
01270 257600
Crosby
Coronation Road
0151 9329500
Cumbernauld
South Muirhead Road
01236 722211
Croydon
High Street
0208 6812344
Cwmbran
Caradoc Road
01633 833811
D
Darlington
Northgate
01325 250250
Dartford
London Road
01322 224222
Daventry
Bowen Square
01327 300345
Derby
Stenson Road
01332 272311
Didcot
The Broadway
01235 511999
Docklands
West India Dock Road
0207 5179494
Doncaster
Carrhouse Road
01302 761200
Dorking
High Street
01306 883311
Drumcondra
Upper Drumcondra Road
00353 18570001
Dublin
Lower Rathmines Road D6
00353 1496 0577
Dublin
Roseville Terrace D14
00353 12961010
Dublin
Laurel Lodge D15
00353 18222666
Dublin
Greendale Road 
Raheny
00353 18323333
Dublin
Cabra Road
00353 18680200
Dublin
Clonee
Main Street
00353 1826 0090
Dumfries
Whitesand Road
01387 266466
Dundalk
Adelphi Centre Co. Louth
00353 429351223
Dundee 1
Broughty Ferry
01382 732777
Dundee 2
Victoria Dock
01382 220220
Dunfermline
106-114 Hospital Hill
01383 722422
Dunstable
Church Street
01582 661444
Durham
North Road
0191 384 4777
E
Eastbourne 1
Grove Road
01323 411221 
Eastbourne 2
Langney Rise
01323 766333
Ealing Common
Uxbridge Road
Acton
0208 9930915
East Dulwich
Grove Vale
0207 7377171
East Finchley
High Road
0208 4442571
East Grinstead
King Street
01342 311315
East Ham
Barking Road
0208 5034646
East Kilbride
Cornwall Way
01355 276677
Eastleigh
Leigh Road/High Street
02380 644888
Edgbaston
Broadway Plaza
01214 557644
Edgware
Boot Parade
0208 9057577
Edinburgh
Nicholson Street
0131 6678666
Edinburgh
St John’s Road
0131 3346600
Edinburgh
Leith Walk
0131 5544449
Edinburgh
Dalry Road
0131 3133399
Egham
High Street
01784 471144
Elephant and Castle
Newington Butts
0207 7937770
Ellesmere Port
Marina Drive
0151 3553344
Eltham
Tudor Parade
0208 8509500
Enfield Wash
Hertford Road
0208 8053436
Ennis
Parnell Street
00353 656 840880
Epsom
Upper High Street
01372 727273
Exeter
Sidwell Street
01392 425252
F
Falkirk
Maggiewoods Loan
01324 619696
Fallowfield
Wilmslow Road
0161 2573832
Fareham
West Street
01329 822666 54 Domino’s Pizza UK & IRL plc
Fareham
Mitchell Close
01489 565756
Farnborough
Victoria Road
01252 378090
Farnham
The Woolmead
01252 717000
Feltham
Cavendish Terrace
0208 8319595
Ferndown
Victoria Road
01202 890790
Finchley Road
NW3
0207 7941086
Fleet
Fleet Road
01252 812813
Folkestone
Cheriton Road
01303 270707
Frome
Keyford
01373 454511
Fulham
Fulham Road
0207 3819898
G
Galway
Prospect Hill
00353 91566100
Gants Hill
Woodford Avenue
0208 5505566
Gateshead
Durham Road 
0191 4201100
Gidea Park
Brentwood Road
01708 444422
Glasgow
Great Western Road
0141 3373379
Glasgow
Fenwick Road
0141-6201111
Glasgow Bearsden
Kirk Road
0141 9315252
Glasnevin
Willow Park
003531 8110099
Glenageary
Upper Glenageary Road
003531 2363333
Glengormley
Antrim Road
02890 778000
Glenrothes
The Glenwood Centre
01592 760090
Gloucester
Northgate Street
01452 527222
Gloucester
Quedgeley Phase 5
Quedgeley District Centre
01452 883833
Gosforth
Station Road
0191 2842000
Grantham
3 Bridge End Road
01476 565765
Gravesend
West Street
01474 537400
Grays
Southend Road
01375 372737
Greenock
Brymner Street
01475 725425
Greenwich
Trafalgar Road
0208 8583222
Grimsby
Palace Court
01472 348444
Guildford
Woodbridge Road
01483 458000
Guiseley
Otley Road
01943 877785
H
Hadleigh
London Road
01702 555503
Halesowen
Stourbridge Road
0121 5505560
Halifax
Southgate House
01422 366166
Hamilton
Duke Street
01698 207777
Hanley
Leek Road
01782 262202
Hanwell
Uxbridge Road
0208 5799696
Harlow
West Gate
01279 442323
Harrogate
Leeds Road
01423 873737
Hastings
Cornwallis Terrace
01424 433333
Havant
North Street Arcade 
02392 455525
Haywards Heath
Commercial Square
01444 440999
Headingley
St Annes Road
0113 2899559
Headington
London Road
01865 742020
Hemel Hempstead
Waterhouse Street
01442 217000
Hendon
Central Circus
0208 2024722
Hereford
109-111 Belmont Road
01432 275511
Hertford
Railway Street
01992 538888
Heswal
Telegraph Road
0151 342 2000
High Wycombe
Castle Street
01494 539539
Hillingdon
Uxbridge Road
01895 237070
Hinckley
Rugby Road
01455 230099
Hoddesdon
High Street
01992 448880
Holloway Road
London N19
0207 2728338
Horsham
Springfield Road
01403 275553
Hove
Old Shoreham Road
01273 208209
Huddersfield
St. Johns Road
01484 450777
Hull
Newlands House
01482 478000
Huntingdon
Grammar School Walk
01480 454700
I
Ilkeston
Bath Street
0115 9304222
Ipswich
Felixtowe Road
01473 717272
Ipswich
Bramford Road
01473 217777
Isleworth
London Road
0208 5606003
Islington
Islington High Street
0207 7130707
K
Kidderminster
Blackwell Street
01562 740110
Kettering
Rockingham Road
01536 484444
Kilmarnock
Glasgow Road
01563 534422
Kingston
Kingston Hill 
Surrey
0208 9745666
Kirkcaldy
Bennochy Road
01592 646566
L
Leatherhead
Sunmead Parade
01372 379000
Leeds
Street Lane
0113 266 4488
Leicester - Humberstone Lane
Humberstone Lane
0116 210 9999
Leicester
London Road
0116 2996600
Leicester
Narborough Road
0116 2996611
STORE LOCATIONS Annual Report & Accounts 2005 55
Leicester - Wigston
Leicester Road
0116 292 0001
Leighton Buzzard
Waterbourne Walk
01525 382838
Letchworth
Leys Avenue
01462 676677
Leyland
Chapel Brow
01772 622922
Leyton
High Road
0208 5585588
Lichfield
St Johns Street
01543 251900
Limerick
Mount Kennett Place
00353 61411100
Limerick
Castle Troy
00353 61331111
Lincoln
Lindis Retail Park
01522 693366
Lincoln
Wragby Road
01522 519933
Lisburn
Longstone Street
02892 676867
Littlehampton
Wick Parade
01903 725726
Liverpool
Allerton Road
0151 7380000
Liverpool - London Road
London Road
0151 7077779
Liverpool - Rice Lane
Stoker Way
0151 5253777
Livingston
Almondside
01506 436677
London
Bow
Roman Road
020 8980 6999
London
Crouch End
Tottenham Lane
0208 3477999
London
Highbury
Hornsey Road
0207 7003666
London
Queen St EC4
0207 2366662
London
Southgate N14
0208 2113999
London
Thamesmead
Gallions Reach
0208 8369955
Londonderry
Victoria Road
02871 318788
Loughborough
Derby Road
01509 211200
Lucan
Dodsborough Road
00353 16010111
Luton
New Bedford Road
01582 451155
Lytham
Woodlands Road
01253 732222
M
Macclesfield
Churchill Way
01625 869869
Maida Vale
Chippenham Road
0207 2663311
Maidenhead
Bridge Road
01628 777700
Maidstone
Ashford Road
01622 761122
Malvern
Worcester Road
01684 577788
Manchester
Chorlton-cum-Hardy
0161 8819696
Manchester
Heaton Chapel
0161 4327444
Mansfield
Rosemary Centre
01623 631100
Mapperley
Plains Road
0115 9691007
Margate
High Street
01843 229200
Midsomer Norton
High Street
01761 415577
Mildenhall
Beck Row
01638 716711
Milton Keynes 
Bletchley 
01908 375737
Milton Keynes
Kingston
01908 282882
Milton Keynes
Newport Pagnell
01908 610202
Milton Keynes
Oldbrook
01908 667766
Milton Keynes
Wolverton
The Square
01908 322221
Morden
London Road
0208 6463339
Musselburgh
North High Street
0131 6655550
N
Newbury
The Kennet Centre
01635 529529
Newcastle – Cowgate
Ponteland Road
0191 2862020
Newcastle-Under-Lyme
Barracks Road
01785 220444
Newport
Chepstow Road
01633 280011
Newport
Malpas Road
Retail Development
01633 852222
Newton Abbot
Queen Street
01626 366662
Norbury
London Road
0208 6798831
Northampton
Horseshoe Street
01604 636622
Northwich
Kingsmead Square
01606 350066
Northwood
Joel Street
01923 822228
Norwich
Eastbourne Place
01603 663799
Norwich
St Augustines Gate
01603 622977
Nuneaton
Abbey Street
02476 375353
O
Oldbury
Hagley Road West
0121 4224666
Orpington
High street
01689 836836
Oxford
Cowley
01865 777137
Oxford Central
Park End Street
01865 200222
P
Paignton
Torquay Road
01803 666632
Paisley
Gauze Street
0141 8421331
Peacehaven
South Coast Road
01273 587070
Penge
High Street
0208 6768888
Perth
South Street
01738 446111
Peterborough
The Broadway
01733 311111
Peterborough
Valley Park Centre
01733 896396
Pimlico
Charlwood Street
0207 8342211
Plymouth
Mutley Plain
01752 252526
Poole
Seaview Road
01202 737737
Pontypridd
Treforest
01443 480680
Portsmouth North
London Road
02392 666600 56 Domino’s Pizza UK & IRL plc
STORE LOCATIONS 
Portsmouth South
Fratton Road
02392 291291
Potters Bar
Darkes Lane
01707 662256
Preston
Deepdale Road
01772 202222
Prestwich
Bury New Road
0161 7739137
Pudsey
Chapeltown
01132 394666
Purley
Russell Hill Parade
0208 6683000
Putney
Upper Richmond Road
0208 7800777
R
Rayners Lane
Alexandra Avenue
0208 8661122
Reading
Wokingham Road
01189 351777
Reading
Oxford Road
01189 567555
Reading
Lower Earley
01189 758888
Redditch
The South East Quadrant
01527 66777
Redhill
High Street
01737 773737
Richmond
Upper Richmond Road
0208 8785656
Rugby
North Street
01788 565566
Rutherglen
Hamilton Road
0141 6478888
S
Sale
Washway Road
01619 696444
Salisbury
Fisherton Road
01722 333363
Sandhurst
Yorktown Road
01252 890891
Sheffield
Ecclesall Road
0114 2669988
Sheffield
Chesterfield Road
0114 2552666
Sheffield
Wadsley Bridge
Wadsley Precinct
0114 2322232
Shepherds Bush
Uxbridge Road
0208 7438900
Shirley
Stratford Road
0121 7455444
Sidcup
Station Road
0208 3023399
Sittingbourne
Mill Way
01795 429111
Slough
Bath Road
01753 552525
Southampton
Bitterne
02380 437743
Southampton
Shirley
Shirley High Street
02380 777333
Southampton
The Avenue
02380 233633
Southend
Earls Hall Parade
01702 391191
Southport
Virginia Street
01704 512512
Spalding
Winsover Road
01775 720310
St Albans
London Road
01727 848565
St Neots
Huntingdon Street
01480 473773
Stafford
Newport Road
01785 220444
Staines
High Street
01784 449090
Stamford Hill 
N16
0208 8024646
Stapleford
Alexandra Street
0115 9491949
Stevenage
High Street
01438 751000
Stirling
Pitt Terrace
01786 447777
Stockport
Buxton Road
0161 4569999
Stockton Heath
London Road
01925 861300
Stoke-on-Trent
Amison Street
01782 599155
Stourbridge
Stourbridge Ind Estate
01384 374666
Strood
High Street
01634 716655
Sutton
High Street
0208 7700088
Sutton-in-Ashfield
Station Road
01623 558668
Swadlincote
Belmont Street
01283 222214
Swansea
Dillwyn Street
01792 464647
Swindon
High Street
01793 488400
Swindon
Taw Hill Village Centre
01793 701888
Swinton
Chorley Road
0161 7947929
Swords
Dublin Road
00353 18079100
T
Tallaght
The Square
00353 14626666
Tamworth
Aldergate
01827 314500
Taunton
Station Road
01823 259999
Teddington
Stanley Road
0208 9777722
Telford
Holyhead Road
01952 616868
Tolworth
The Broadway
0208 3903800
Tonbridge
High Street
01732 351512
Torquay
St Marychurch Road
01803 313444
Tottenham
High Road
0208 8856644
Trowbridge
Castle Street
01225 777731
Tullamore
Main Street, Co. Offaly
00353 50646000
Tunbridge Wells
Mount Ephraim
01892 525825
Tunstall
High Street
01782 839999
Tynemouth
Preston North Road
0191 2577272
W
Wakefield
Horbury Road
01924 374333
Walsall
Lichfield Street
01922 646060
Warrington
Dewhurst Road
01925 824444
Warwick
Coventry Road
01926 411003
Waterlooville
London Road
02392 230000
Watford
The Parade
01923 255811
Waterford
Newtown Road
00353 51858111 Annual Report & Accounts 2005 57
Welling
Upper Wickham Lane
0208 3010888
Wellingborough
Redhill Farm Development
01933 674111
Welwyn Garden City
Fretherne Road
01707 323235
Wembley
High Road
0208 9008444
West Bridgford
Radcliffe Road
01159 825577
West Bromwich
Astle Park
0121 5254411
West End Lane
West Hampstead
0207 4310045
Weston Super Mare 
The Boulevard
01934 633888
West Swindon
Tewkesbury Way
01793 877585
Weybridge
High Street
01932 856999
Weymouth
King Street
01305 777757
Wickford
High Street
01268 734000
Widnes
112 Widnes Road
0151 2577666
Wilmslow
Water Lane
01625 549222
Winchester
Upper Brook Street
01962 890808
Winchmore Hill
Avenue Parade
0208 3642222
Windsor
Dedworth Road
01753 853322
Witham
Highfield Road
01376 509009
Woking
Oriental Road
01483 760761
Wokingham
Bush Walk
01189 773833
Wolverhampton
Tettenhall Road
01902 759911
Woodford Green
Snakes Lane East
0208 4989944
Worcester
The Tything
01905 731000
Worthing
Broadwater Street West
01903 233499
Wylde Green
Birmingham Road
0121 3506060
Y
Yardley
Church Road
0121 7852121
Yate
North Parade
01454 312222
Yeovil
Wyndham Street
01935 411311
York
Bishopthorpe Road
01904 677777 Domino’s Pizza UK & IRL plc
Lasborough Road, Kingston, Milton Keynes MK10 0AB
Tel: 01908 580000
www.dominos.co.uk  www.dominos.ie
087 12 12 12 12
Domino’s Pizza UK & IRL plc
Design: Remedy +44 (0)20 8940 6050 www.brandremedy.com
Domino’s Pizza UK & IRL plc
Annual Report & Accounts
For the 52 weeks ended 1 January 2006
Domino’s 
delivers
Domino’s Pizza UK & IRL plc – Annual Report & Accounts For the 52 weeks ended 1 January 2006