For Petro Stopping Center, what was the amount of trade and other payables within one year in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | | | $ million | |-------------------------------------------------------------------|---------|-------------|---------|-------------| | | | 2024 | | 2023 | | | Current | Non-current | Current | Non-current | | Financial liabilities | | | | | | Trade payables | 14,862 | 27 | 17,334 | 28 | | Affiliates payables | 10,352 | 174 | 17,932 | 98 | | Payables for capital expenditure and acquisitions | 1,550 | 17 | 1,680 | 17 | | Payables related to the Gulf of America oil spill | 1,126 | 6,831 | 1,130 | 7,602 | | Other payables | 1,878 | 1,958 | 2,179 | 1,632 | | | 29,768 | 9,007 | 40,255 | 9,377 | | Non-financial liabilities | | | | | | Sales taxes, customs duties, production taxes and social security | 477 | — | 560 | — | | Other payables | 243 | 871 | 124 | 822 | | December 31 | 30,488 | 9,878 | 40,939 | 10,199 | Materially all of the Company's trade payables have payment terms of less than 60 days and give rise to operating cash flows.
Trade and other payables, other than those relating to the Gulf of America oil spill, are predominantly interest free. See Note 24 (c) for further information.
Payables related to the Gulf of America oil spill include amounts payable under the 2016 consent decree and settlement agreement with the United States and five Gulf coast states, including amounts payable for natural resource damages, state claims and Clean Water Act penalties. On a discounted basis the amounts included in payables related to the Gulf of America oil spill for these elements of the agreements are $3,450 million payable over 8 years, $1,926 million payable over 9 years and $2,549 million pay
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the document discusses trade and other payables, noting that materially all of the company's trade payables have payment terms of less than 60 days. The document also mentions payables related to the Gulf of America oil spill, including amounts payable under a 2016 consent decree and settlement agreement.
The FDD states that within net cash provided by operating activities in the Company's cash flow statement is a net cash outflow of $1,192 million related to the Gulf of America oil spill. This figure includes payments made in relation to these agreements. The 2023 outflow specifically related to the Gulf of America oil spill was $1,280 million.
However, the excerpt does not provide a specific figure for the total amount of 'trade and other payables within one year' for 2023. It only breaks out the outflow related to the Gulf of America oil spill. A prospective franchisee would need to consult the full financial statements or request this specific information from Petro Stopping Center to fully understand their short-term liabilities.