Notes toConsolidatedFinancial Statements  (Unaudited)  (Expressed in Canadian dollars)  Year ended December 31, 2014  DIVERSIFIED ROYALTY CORP .  The first contribution of new restaurants to the Royalty Pool will occur on April 1, 2015. The royalty payment from Franworks to the  FW LP is 6% of system sales for such period reported  by Franworks in the Royalty Pool plus a make -whole payment, if required by a restaurant closure,  based on 6% of lost system sales. System sales for any period and for  any Franworks restaurant  located in Canada andthe United States, as defined in the License and Royalty Agreement, means  the gross sales by such Franworks restaurants for such period. There was one make-whole payment during the current period in the amount of  $6,281 (on lost  system sales of $104,676) related to the closure of the Chicago Huron Elephant and Castle  restaurant, which closed on December 20, 2014.  Royalty income for the  year ended December 31, 2014 and 2013was calculated as follows: The Franworks Acquisition occurred on September 26, 2014,  thereforesystem salesonly reflect  the period between September 26, 2014 and December 31, 2014. 6. Deferred income taxes:  5. Amounts receivable:  4. Royalty pool (continued):  2014  2013  Restaurants in the Royalty Pool 78  -  Royalty Pool system sales  $ 54,116,522  $  -  Royalty income at 6% of system sales reported above 3,246,991  -  2014  2013  Insurance proceeds (note8(b))  434,236  380,342  Payroll source deductions recoverable  and other  328  12,256  $  434,564  $  392,598  2014  2013  Current income tax recovery $  -  $  95,500  Deferred income tax recovery 9,779,212  -  $  9,779,212  $  95,500  16 