What was the amount of non-controlling interests for Petro Stopping Center at January 1, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Share capital | Share premium account | Other reserves | Profit and loss account | BP Corporation North America shareholders' equity | Non controlling interests | Total equity | |
|---|---|---|---|---|---|---|---|
| At January 1, 2024 | 1 | 43,288 | 195 | (11,173) | 32,311 | 13,481 | 45,792 |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to the 2025 FDD, at January 1, 2024, Petro Stopping Center had non-controlling interests valued at $13,481. This figure represents the portion of equity in a subsidiary not attributable to the parent company, BP Corporation North America, in this case.
For a prospective franchisee, understanding the financial structure of the parent company can provide insights into the overall health and stability of the franchise system. Non-controlling interests are a common element in corporate finance, especially when a company has subsidiaries with partial ownership.
It is important to note that this figure reflects the overall financial structure of Petro Stopping Center and its parent company, and may not directly impact the day-to-day operations of a franchised location. However, it is a component of the broader financial picture that prospective franchisees may want to consider as part of their due diligence.