Exhibit 18.1
March 23, 2011
Burger King Holdings, Inc.
5505 Blue Lagoon Drive
Miami, Florida 33126
Ladies and Gentlemen:
We have audited the consolidated balance sheets of Burger King
Holdings, Inc. and subsidiaries (the Company) as of
December 31, 2010 (Successor Entity) and June 30, 2010
and 2009 (Predecessor Entity), and the related consolidated
statements of operations, stockholders’ equity and
comprehensive income (loss), and cash flows for the period from
October 19, 2010 to December 31, 2010 (Successor
Entity), the period from July 1, 2010 to October 18,
2010 (Predecessor Entity) and for each of the years in the
three-year period ended June 30, 2010 (Predecessor Entity),
and have reported thereon under date of March 23, 2011. The
aforementioned consolidated financial statements and our audit
report thereon are included in the Company’s transition
report on
Form 10-K
for the
six-month
period ended December 31, 2010. As stated in Note 2 to
those consolidated financial statements, the Company changed its
annual goodwill impairment testing date from
April 1st to
October 1st.
The Company states that the newly adopted accounting principle
is preferable in the circumstances because it better aligns
impairment testing procedures with its new fiscal year, year-end
financial reporting, and the annual business planning and
budgeting process, which is performed during the fourth quarter
of each year. In accordance with your request, we have reviewed
and discussed with Company officials the circumstances and
business judgment and planning upon which the decision to make
this change in the method of accounting was based.
With regard to the aforementioned accounting change,
authoritative criteria have not been established for evaluating
the preferability of one acceptable method of accounting over
another acceptable method. However, for purposes of the
Company’s compliance with the requirements of the
Securities and Exchange Commission, we are furnishing this
letter.
Based on our review and discussion, with reliance on
management’s business judgment and planning, we concur that
the newly adopted method of accounting is preferable in the
Company’s circumstances.
Very truly yours,
(signed) KPMG LLP
Certified Public Accountants