What were the finance costs related to Petro Stopping Center's associates in 2023?
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 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, earnings from joint ventures and associates amounted to $1,062 in 2023. However, this is 'earnings from' rather than 'finance costs'. Finance costs for 2023 were $2,516. Dividends received from joint ventures and associates were $232 for the same year.
Interest receivable is listed as ($2,624) and interest received is listed as $2,613 in 2023. Interest paid was ($1,910) for 2023. Net finance expense relating to pensions and other post-employment benefits was $25 in 2023.
These figures provide a detailed overview of the various financial interactions Petro Stopping Center has with its joint ventures and associates, as well as broader finance-related activities. A prospective franchisee can use this information to understand the financial relationships Petro Stopping Center maintains and how these relationships contribute to the overall financial performance of the company.