What was the amount of 'Other Comprehensive Income' for Petro Stopping Center in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Profit (loss) for the year | 3,271 | 4,959 | 10,441 | |
| Other comprehensive income | ||||
| Items that may be reclassified subsequently to profit or loss | ||||
| Currency translation differences | _ | (13) | (6) | |
| Cash flow hedges | 25 | (531) | 637 | 26 |
| Share of items relating to equity-accounted entities, net of tax | 12,13 | 1 | _ | 12 |
| Income tax relating to items that may be reclassified | 7 | 124 | (149) | (9) |
| (406) | 475 | 23 | ||
| Items that will not be reclassified to profit or loss | ||||
| Remeasurements of the net pension and other post-employment benefit liability or asset | 19 | 139 | 116 | 587 |
| Income tax relating to items that will not be reclassified | 7 | (36) | (27) | (126) |
| 103 | 89 | 461 | ||
| Other comprehensive income | (303) | 564 | 484 | |
| Total comprehensive income | 2,968 | 5,523 | 10,925 | |
| Attributable to | ||||
| BP Corporation North America shareholders | 26 | 2,150 | 4,895 | 9,647 |
| Non-controlling interests | 26 | 818 | 628 | 1,278 |
| 2,968 | 5,523 | 10,925 |
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 Other Comprehensive Income for the year 2024 was ($303) million. This figure represents the total of items that may or may not be reclassified to profit or loss in the future. These items include currency translation differences, cash flow hedges, the share of items relating to equity-accounted entities net of tax, and income tax relating to items that may be reclassified, as well as items that will not be reclassified to profit or loss, such as remeasurements of the net pension and other post-employment benefit liability or asset, and income tax relating to items that will not be reclassified.
For a prospective Petro Stopping Center franchisee, understanding other comprehensive income is crucial because it reflects the overall financial health and stability of the company. A negative value, such as the ($303) million reported for 2024, indicates that the total of losses in these categories exceeded the gains. This could be due to various factors, including unfavorable currency movements, ineffective cash flow hedges, or changes in pension and post-employment benefit liabilities.
While a single year's figure provides a snapshot, it's important to consider the trend over multiple years. In this case, Petro Stopping Center's other comprehensive income was 564 million in 2023 and 484 million in 2022. Reviewing these figures helps to assess whether the 2024 result is an anomaly or part of a larger pattern. Prospective franchisees should investigate the reasons behind significant fluctuations and how they might impact the company's future performance and ability to support its franchisees.
It is also important to note that the total comprehensive income for Petro Stopping Center in 2024 was 2,968 million, which is the sum of the profit for the year (3,271 million) and the other comprehensive income (-303 million). This indicates that while the other comprehensive income was negative, the company remained profitable overall. Franchisees should consider both figures to gain a comprehensive understanding of the company's financial performance.