What was the amount of preference share dividends 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, the preference share dividends in 2024 amounted to $839 million. This figure represents dividends paid to non-controlling interests, as Petro Stopping Center distinguishes between dividends paid to its parent company and those paid to other shareholders with preference shares. This information is crucial for prospective franchisees to understand the financial obligations and distribution of profits within the Petro Stopping Center corporate structure.
The FDD provides a detailed breakdown of equity changes, profit distribution, and dividend payments, offering transparency into the company's financial management. The preference share dividends are specifically attributed to non-controlling interests, indicating that these dividends are not directly related to the franchisor's or the franchisee's share of the profits. Instead, they represent payments to external investors holding preference shares in the company.
For a potential Petro Stopping Center franchisee, this information highlights the importance of understanding the capital structure and obligations of the parent company. While these dividends do not directly impact the franchisee's revenue or profit-sharing, they provide insight into the overall financial health and commitments of Petro Stopping Center. Franchisees should consider this information as part of their due diligence to assess the long-term stability and financial practices of the franchisor.