What was the amount of acquisitions of land and land improvements for Petro Stopping Center in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ated with investments in subsidiaries and equity-accounted entities | 660 | 661 |
The majority of the unused US state tax losses have no fixed expiry date.
Substantially all of the deductible temporary differences have no expiry date.
| Impact of previously unrecognized deferred tax or write-down of deferred tax assets on tax charge | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current tax benefit relating to the utilization of previously unrecognized deferred tax assets | 71 | 138 | 232 |
| Deferred tax benefit arising from the reversal of a previous write-down of deferred tax assets | 14 | — | — |
| Deferred tax benefit relating to the recognition of previously unrecognized deferred tax assets | 10 | — | 20 |
| Deferred tax expense arising from the write-down of a previously recognized deferred tax asset | 94 | 21 | — |
The US federal capital losses expire in the period 2027-2029.
The US unused tax credits expire in the period 2025-2034.
8. Property, plant and equipment (PP&E)
| | Land and land improvements | Buildings | Oil
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the acquisitions of land and land improvements in 2024 amounted to $12 million. This figure represents the cost of land and land improvements acquired by Petro Stopping Center during the fiscal year.
For a prospective franchisee, this information provides insight into the capital investments Petro Stopping Center is making in its real estate and infrastructure. These acquisitions could indicate expansion plans, upgrades to existing facilities, or strategic investments in new locations. Understanding the scale of these investments can help a franchisee assess the financial health and growth strategy of the Petro Stopping Center brand.
It's important to note that this figure only reflects acquisitions and does not include additions or other changes in land and land improvements. The total value of land and land improvements at the end of 2024 was $1,270 million, reflecting the cumulative effect of acquisitions, additions, disposals, and other adjustments throughout the year.