As of December 31, 2023, what was the total carrying amount of 'Other investments' for Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| At December 31, 2023 | Note | Measured at amortized cost | Mandatorily measured at fair value through profit or loss | Total carrying amount |
|---|---|---|---|---|
| Financial assets | ||||
| Other investments | 14 | — | 1,294 | 1,294 |
| Loans | 373 | 148 | 521 | |
| Trade, affiliates, and other receivables | 16 | 62,137 | — | 62,137 |
| Derivative financial instruments | 25 | — | 12,349 | 12,349 |
| Cash and cash equivalents | 20 | 2,271 | — | 2,271 |
| Financial liabilities | ||||
| Trade, affiliates, and other payables | 17 | (49,632) | — | (49,632) |
| Derivative financial instruments | 25 | — | (9,412) | (9,412) |
| Accruals | (3,370) | — | (3,370) | |
| Lease liabilities | 23 | (5,302) | — | (5,302) |
| Finance debt | 21 | (33,940) | — | (33,940) |
| (27,463) | 4,379 | (23,084) |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, as of December 31, 2023, the total carrying amount of 'Other investments' was $1,294. This figure represents financial assets measured at fair value through profit or loss. The 'Other investments' are categorized under financial assets in the balance sheet.
This information is relevant for prospective franchisees as it provides a snapshot of Petro Stopping Center's financial position and asset allocation. Understanding the nature and value of these investments can offer insights into the company's financial management and risk profile. The fact that these investments are measured at fair value suggests they are subject to market fluctuations, which could impact the company's overall financial performance.
For a potential franchisee, this data point contributes to a broader assessment of the financial health and stability of Petro Stopping Center. It's important to consider this figure in conjunction with other financial metrics and trends to gain a comprehensive understanding of the company's financial standing. Further investigation into the specific types of 'Other investments' and their historical performance could provide additional clarity.
It is also important to note that the table also includes data on 'Loans', 'Trade, affiliates, and other receivables', 'Derivative financial instruments', and 'Cash and cash equivalents' under financial assets, as well as financial liabilities such as 'Trade, affiliates, and other payables', 'Derivative financial instruments', 'Accruals', 'Lease liabilities', and 'Finance debt'. These figures provide a more complete picture of Petro Stopping Center's assets and liabilities as of the end of 2023.