What was the expenditure on research and development for Petro Stopping Center in 2022?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Interest and other income | |||
| Interest income from | |||
| Financial assets measured at amortized cost | 2,732 | 2,623 | 1,185 |
| Financial assets measured at fair value through profit or loss | — | 1 | — |
| Other income | 145 | 206 | 694 |
| 2,877 | 2,830 | 1,879 | |
| Currency exchange (gains) losses charged to the income statementa | (95) | (21) | (122) |
| Expenditure on research and development | 71 | 76 | 75 |
| Costs relating to the Gulf of America oil spill (pre-interest and tax)b | 51 | 84 | 84 |
| Finance costs | |||
| Interest expense on lease liabilities | 247 | 182 | 99 |
| Interest expense on other liabilities measured at amortized costc | 2,405 | 1,852 | 1,255 |
| Capitalized at 4.94% (2023 4.88% and 2022 3.56%)d | (84) | (210) | (270) |
| Unwinding of discount on provisions | 273 | 244 | 178 |
| Unwinding of discount on other payables measured at amortized cost | 497 | 448 | 453 |
| 3,338 | 2,516 | 1,715 |
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 expenditure on research and development in 2022 was $75 million. This figure is part of a larger table presenting various financial data for the years 2022, 2023, and 2024.
For a prospective franchisee, understanding the research and development expenditure can provide insight into Petro Stopping Center's commitment to innovation and future growth. While $75 million was spent in 2022, the amounts for 2023 and 2024 were $76 million and $71 million respectively. This indicates a relatively consistent investment in research and development over the three-year period.
It's important to note that this expenditure is just one component of Petro Stopping Center's overall financial performance. Franchisees should consider this figure in conjunction with other financial data, such as interest income, currency exchange gains/losses, and capital expenditures, to gain a comprehensive understanding of the company's financial health and strategic priorities. Reviewing these figures over multiple years can reveal trends and patterns that may be relevant to a franchisee's investment decision.