What was the cost of owned buildings for Petro Stopping Center as of December 31, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ated with investments in subsidiaries and equity-accounted entities | 660 | 661 |
The majority of the unused US state tax losses have no fixed expiry date.
Substantially all of the deductible temporary differences have no expiry date.
| Impact of previously unrecognized deferred tax or write-down of deferred tax assets on tax charge | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current tax benefit relating to the utilization of previously unrecognized deferred tax assets | 71 | 138 | 232 |
| Deferred tax benefit arising from the reversal of a previous write-down of deferred tax assets | 14 | — | — |
| Deferred tax benefit relating to the recognition of previously unrecognized deferred tax assets | 10 | — | 20 |
| Deferred tax expense arising from the write-down of a previously recognized deferred tax asset | 94 | 21 | — |
The US federal capital losses expire in the period 2027-2029.
The US unused tax credits expire in the period 2025-2034.
8. Property, plant and equipment (PP&E)
| Land and land improvements | Buildings | Oil and gas propertiesa | Plant, machinery and equipment | Fittings, fixtures and office equipment | Transportation | Oil depots, storage tanks and service stations | $ million Total | |
|---|---|---|---|---|---|---|---|---|
| Cost - owned PP&E | ||||||||
| At January 1, 2024 | 1,032 | 324 | 95,605 | 27,463 | 827 | 1,141 | 2,850 | 129,242 |
| Acquisitions | 12 | — | — | — | — | — | 51 | 63 |
| Additions | 151 | 48 | 4,550 | 1,406 | 61 | 87 | 357 | 6,660 |
| Transfers from intangible assets | — | — | 342 | — | — | — | — | 342 |
| Reclassified as assets held for sale | (10) | (3) | (16) | (706) | (1) | — | — | (736) |
| Deletions and disposals | 85 | 29 | (5,966) | (480) | (17) | (310) | (153) | (6,812) |
| At December 31, 2024 | 1,270 | 398 | 94,515 | 27,683 | 870 | 918 | 3,105 | 128,759 |
| Depreciation - owned PP&E | ||||||||
| At January 1, 2024 | 285 | 177 | 60,136 | 11,303 | 638 | 701 | 690 | 73,930 |
| Charge for the year | 27 | 12 | 5,730 | 1,091 | 64 | 42 | 269 | 7,235 |
| Impairment losses | — | — | 10 | 371 | — | — | 47 | 428 |
| Impairment reversals | — | — | (402) | (4) | — | (1) | — | (407) |
| Reclassified as assets held for sale | (6) | (2) | — | (364) | (1) | — | — | (373) |
| Deletions and disposals | (3) | (1) | (5,665) | (155) | (23) | (299) | (31) | (6,177) |
| At December 31, 2024 | 303 | 186 | 59,809 | 12,242 | 678 | 443 | 975 | 74,636 |
| Owned PP&E - net book amount at | 967 | 212 | 34,706 | 15,441 | 192 | 475 | 2,130 | 54,123 |
| December 31, 2024 | ||||||||
| Right-of-use assets - net book amount at | — | 325 | — | 1,255 | 3 | 775 | 3,171 | 5,529 |
| December 31, 2024b | ||||||||
| Total PP&E - net book amount at | 967 | 537 | 34,706 | 16,696 | 195 | 1,250 | 5,301 | 59,652 |
| December 31, 2024 | ||||||||
| Cost - owned PP&E | ||||||||
| At January 1, 2023 | 775 | 303 | 90,334 | 25,905 | 841 | 1,283 | 1,513 | 120,954 |
| Acquisitions | 206 | — | — | 27 | 12 | 48 | 1,055 | 1,348 |
| Additions | 54 | 22 | 5,367 | 1,567 | 101 | 41 | 404 | 7,556 |
| Transfers from intangible assets | — | — | 10 | — | — | — | — | 10 |
| Deletions and disposals | (3) | (1) | (106) | (36) | (127) | (231) | (122) | (626) |
| At December 31, 2023 | 1,032 | 324 | 95,605 | 27,463 | 827 | 1,141 | 2,850 | 129,242 |
| Depreciation - owned PP&E | ||||||||
| At January 1, 2023 | 266 | 170 | 53,891 |
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 cost of owned buildings as of December 31, 2024, was $398 million. This figure represents the total cost of buildings owned by Petro Stopping Center at the end of the fiscal year. It's important to note that this is the 'cost' and not the net book value, which would account for depreciation.
For a prospective franchisee, this indicates the scale of physical assets Petro Stopping Center owns and manages. While franchisees will not directly own these specific buildings, understanding the company's asset base can provide insight into its financial stability and investment in infrastructure. The FDD also provides comparative figures from previous years, allowing potential investors to assess trends in property investment.
It is important to consider that these figures are in millions of dollars. The buildings are part of the overall property, plant, and equipment (PP&E) that Petro Stopping Center utilizes in its operations. Reviewing the full context of the financial statements within the FDD is crucial to understanding how these assets contribute to the company's revenue and profitability. Additionally, franchisees should inquire about any specific capital expenditure plans that might impact their operations or the brand's overall strategy.