What was the amount of dividends paid to non-controlling interests for Petro Stopping Center in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| _ | (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 |
<sup>a See Note 26 for further information.
Consolidated Statement of Changes in Equitya
| Share capital | Share premium account | Other reserves | Profit and loss account | BP Corporation North America shareholders' equity | Non controlling interests | $ million Total equity | |
|---|---|---|---|---|---|---|---|
| At January 1, 2024 | 1 | 43,288 | 195 | (11,173) | 32,311 | 13,481 | 45,792 |
| Profit for the year | — | — | — | 2,453 | 2,453 | 818 | 3,271 |
| Other comprehensive income | — | — | (406) | 103 | (303) | — | (303) |
| Total comprehensive income | — | — | (406) | 2,556 | 2,150 | 818 | 2,968 |
| Dividends paid | — | — | — | (9,500) | (9,500) | — | (9,500) |
| Preference share dividends | — | — | — | — | — | (839) | (839) |
| Share-based payments, net of tax | — | — | — | 178 | 178 | — | 178 |
| Other | — | — | — | — | — | (1) | (1) |
| Dividends paid to non-controlling interests | — | — | — | — | — | (38) | (38) |
| Transactions involving non-controlling interests, net of tax | — | — | — | — | — | 8 | 8 |
| At December 31, 2024 | 1 | 43,288 | (211) | (17,939) | 25,139 | 13,429 | 38,568 |
| At January 1, 2023 | 1 | 43,288 | (280) | (3,845) | 39,164 | 14,014 | 53,178 |
| Profit for the year | — | — | — | 4,331 | 4,331 | 628 | 4,959 |
| Other comprehensive income | — | — | 475 | 89 | 564 | — | 564 |
| Total comprehensive income | — | — | 475 | 4,420 | 4,895 | 628 | 5,523 |
| Dividends paid | — | — | — | (12,000) | (12,000) | — | (12,000) |
| Preference share dividends | — | — | — | — | — | (839) | (839) |
| Share-based payments, net of tax | — | — | — | 252 | 252 | — | 252 |
| Dividends paid to non-controlling interests | — | — | — | — | — | (150) | (150) |
| Transactions involving non-controlling interests, net of tax | — | — | — | — |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, dividends paid to non-controlling interests in 2024 amounted to $38 million. This figure reflects the distribution of profits to those who hold a minority equity stake in Petro Stopping Center's subsidiaries. These non-controlling interests are essentially outside investors or partners who have a claim on a portion of the company's earnings.
For a prospective franchisee, this information provides insight into how Petro Stopping Center manages its financial obligations to its equity holders. It demonstrates that the company acknowledges and fulfills its commitments to its non-controlling stakeholders. However, it is important to note that this figure represents dividends paid at the corporate level and may not directly impact the financial operations of an individual franchise unit.
Understanding these broader financial dynamics can help a franchisee assess the overall stability and financial health of Petro Stopping Center. While the dividends paid to non-controlling interests do not directly affect the franchisee's day-to-day operations, they contribute to the overall financial picture of the company, which can influence investor confidence and the company's ability to invest in future growth and support for its franchisees.
It is important for potential franchisees to consider these factors as part of their due diligence process, alongside other financial metrics and operational considerations. Reviewing the complete financial statements and understanding the context behind these figures can provide a more comprehensive understanding of the financial health and stability of Petro Stopping Center.