What was the amount of additions to 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 and gas propertiesa | Plant, machinery and equipment | Fittings, fixtures and office equipment | Transportation | Oil depots, storage tanks and service stations | $ million Total | |
|---|---|---|---|---|---|---|---|---|
| Cost - owned PP&E | ||||||||
| At January 1, 2024 | 1,032 | 324 | 95,605 | 27,463 | 827 | 1,141 | 2,850 | 129,242 |
| Acquisitions | 12 | — | — | — | — | — | 51 | 63 |
| Additions | 151 | 48 | 4,550 | 1,406 | 61 | 87 | 357 | 6,660 |
| Transfers from intangible assets | — | — | 342 | — | — | — | — | 342 |
| Reclassified as assets held for sale | (10) | (3) | (16) | (706) | (1) | — | — | (736) |
| Deletions and disposals | 85 | 29 | (5,966) | (480) | (17) | (310) | (153) | (6,812) |
| At December 31, 2024 | 1,270 | 398 | 94,515 | 27,683 | 870 | 918 | 3,105 | 128,759 |
| Depreciation - owned PP&E | ||||||||
| At January 1, 2024 | 285 | 177 | 60,136 | 11,303 | 638 | 701 | 690 | 73,930 |
| Charge for the year | 27 | 12 | 5,730 | 1,091 | 64 | 42 | 269 | 7,235 |
| Impairment losses | — | — | 10 | 371 | — | — | 47 | 428 |
| Impairment reversals | — | — | (402) | (4) | — | (1) | — | (407) |
| Reclassified as assets held for sale | (6) | (2) | — | (364) | (1) | — | — | (373) |
| Deletions and disposals | (3) | (1) | (5,665) | (155) | (23) | (299) | (31) | (6,177) |
| At December 31, 2024 | 303 | 186 | 59,809 | 12,242 | 678 | 443 | 975 | 74,636 |
| Owned PP&E - net book amount at | 967 | 212 | 34,706 | 15,441 | 192 | 475 | 2,130 | 54,123 |
| December 31, 2024 | ||||||||
| Right-of-use assets - net book amount at | — | 325 | — | 1,255 | 3 | 775 | 3,171 | 5,529 |
| December 31, 2024b | ||||||||
| Total PP&E - net book amount at | 967 | 537 | 34,706 | 16,696 | 195 | 1,250 | 5,301 | 59,652 |
| December 31, 2024 | ||||||||
| Cost - owned PP&E | ||||||||
| At January 1, 2023 | 775 | 303 | 90,334 | 25,905 | 841 | 1,283 | 1,513 | 120,954 |
| Acquisitions | 206 | — | — | 27 | 12 | 48 | 1,055 | 1,348 |
| Additions | 54 | 22 | 5,367 | 1,567 | 101 | 41 | 404 | 7,556 |
| Transfers from intangible assets | — | — | 10 | — | — | — | — | 10 |
| Deletions and disposals | (3) | (1) | (106) | (36) | (127) | (231) | (122) | (626) |
| At December 31, 2023 | 1,032 | 324 | 95,605 | 27,463 | 827 | 1,141 | 2,850 | 129,242 |
| Depreciation - owned PP&E | ||||||||
| At January 1, 2023 | 266 | 170 | 53,891 |
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 additions to land and land improvements in 2024 amounted to $151 million. This figure represents the capital investments made during the year to enhance or expand the land and property holdings of Petro Stopping Center. These additions can include new land purchases, expansions of existing facilities, or significant upgrades to land infrastructure.
For a prospective franchisee, understanding these figures provides insight into the scale of investments Petro Stopping Center makes in its physical assets. It demonstrates a commitment to maintaining and improving its locations, which can positively impact the customer experience and overall brand image. The substantial investment in land and improvements suggests that Petro Stopping Center is focused on long-term growth and development.
It's important to note that this figure is part of a larger financial picture, and prospective franchisees should consider it in conjunction with other financial data in the FDD, such as revenues, expenses, and overall profitability. Analyzing these figures in totality will provide a more comprehensive understanding of Petro Stopping Center's financial health and investment strategies.