In 2022, what was the interest income on plan assets for Petro Stopping Center's pension plans?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
mployment benefit plans are included in the benefit obligation.
The benefit payments amount shown above comprises $421 million benefits and $17 million of plan expenses incurred in the administration of the benefit. The actual return on plan assets is made up of the sum of the interest income on plan assets and the remeasurement of plan assets as disclosed above.
| $ million | |||
|---|---|---|---|
| 2022 | |||
| Pension plans | Other post employment benefit plans | Total | |
| Analysis of the amount charged to profit before interest and taxation | |||
| Current service costa | 201 | 27 | 228 |
| Operating charge relating to defined benefit plans | 201 | 27 | 228 |
| Payments to defined contribution plans | 134 | — | 134 |
| Total operating charge | 335 | 27 | 362 |
| Interest income on plan assetsa | (206) | — | (206) |
| Interest on plan liabilities | 179 | 56 | 235 |
| Other finance expense | (27) | 56 | 29 |
| Analysis of the amount recognized in other comprehensive incom |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the interest income on plan assets for its pension plans in 2022 was $(206) million. This figure represents the interest earned on the assets held within Petro Stopping Center's pension plans during that year.
For a prospective franchisee, this information provides insight into Petro Stopping Center's financial management and employee benefits programs. Pension plan performance can reflect the overall financial health and stability of the company. A significant interest income on plan assets can indicate sound investment strategies and a well-funded pension system.
However, it's important to note that this figure is part of a larger financial picture. Franchisees should consider this data in conjunction with other financial metrics, such as operating charges, interest on plan liabilities, and contributions to the plans, to gain a comprehensive understanding of Petro Stopping Center's pension obligations and their potential impact on the company's financial performance. Additionally, the actual asset return less interest income on plan assets was $(1,599) million, which could indicate other factors affecting the pension plans.