What was the company's investment in joint ventures for Petro Stopping Center in 2022?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Profit (loss) before taxation | 4,044 | 6,087 | 15,030 | |
| Adjustments to reconcile profit before taxation to net cash provided by operating | ||||
| activities | ||||
| Exploration expenditure written off | 6 | 374 | 272 | 69 |
| Depreciation, depletion and amortization | 8,593 | 7,391 | 5,622 | |
| Impairment and (gain) loss on sale of businesses and fixed assets | 3 | 47 | 1,444 | (472) |
| Earnings from joint ventures and associates | (206) | 1,062 | 111 | |
| Dividends received from joint ventures and associates | 232 | 232 | 209 | |
| Interest receivable | (2,733) | (2,624) | (1,185) | |
| Interest received | 2,719 | 2,613 | 1,173 | |
| Finance costs | 5 | 3,338 | 2,516 | 1,715 |
| Interest paid | (2,470) | (1,910) | (1,343) | |
| Net finance expense relating to pensions and other post-employment benefits | 19 | 19 | 25 | 29 |
| Share-based payments | 222 | 258 | 221 | |
| Net operating charge for pensions and other post-employment benefits, less | 19 | 9 | (8) | (64) |
| contributions and benefit payments for unfunded plans | ||||
| Net charge for provisions, less payments | (585) | (2,197) | 762 | |
| Movements in inventories and other current and non-current assets and liabilities | (1,279) | 1,320 | (2,332) | |
| Income taxes paid | (545) | (555) | (878) | |
| Net cash provided by operating activities | 11,779 | 15,926 | 18,667 | |
| Investing activities | ||||
| Expenditure on property, plant and equipment, intangible and other assets | (7,090) | (7,614) | (5,754) | |
| Acquisitions, net of cash acquired | (119) | (766) | (3,503) | |
| Investment in joint ventures and associates | (281) | (779) | (351) | |
| Total cash capital expenditure | (7,490) | (9,159) | (9,608) | |
| Proceeds from disposals of fixed assets | 3 | 378 | 120 | 21 |
| Proceeds from disposals of businesses, net of cash disposed | 3 | 1,603 | 558 | 184 |
| Proceeds from loan repayments | 6 | 8 | 11 | |
| 5,285 | (5,381) | 5,946 | ||
| Net changes in receivables from affiliates | ||||
| Net cash used in investing activities | (218) | (13,854) | (3,446) | |
| Financing activities | ||||
| Lease liability payments | (1,309) | (1,153) | (726) | |
| Proceeds from long-term financing | 8,167 | 5,386 | 1,995 | |
| Repayments of long-term financing | (274) | (135) | (4,513) |
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 company's investment in joint ventures and associates in 2022 was ($351) million. This figure represents the expenditure on joint ventures and associates during that year.
This investment activity is part of Petro Stopping Center's broader financial activities, which include operating, investing, and financing activities. Understanding these investment patterns can provide insight into the company's strategic financial decisions and its approach to expanding its business through joint ventures and partnerships.
Prospective franchisees should consider these figures in the context of the company's overall financial health and strategic direction. While this document provides historical data, it is important to discuss with Petro Stopping Center their future investment plans and how these might impact the franchise system.