For Petro Stopping Center, what was the other finance expense related to pension plans in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
her | 34 5,701 | Private Equity is valued at fair value based on the most recent third-party net asset valuation, revenue or earnings based valuations that generally result in the use of significant unobservable inputs.
Bonds held by pension plans are predominantly valued using observable market data based inputs other than quoted market prices in active markets.
| $ million | |||
|---|---|---|---|
| Other | 2024 | ||
| Pension plans | post-employment benefit plans | Total | |
| Analysis of the amount charged to profit before interest and taxation | |||
| Current service costa | 152 | 18 | 170 |
| Operating charge relating to defined benefit plans | 152 | 18 | 170 |
| Payments to defined contribution plans | 193 | — | 193 |
| Total operating charge | 345 | 18 | 363 |
| Interest income on plan assetsa | (284) | — | (284) |
| Interest on plan liabilities | 240 | 63 | 303 |
| Other finance expense | (44) | 63 | 19 |
| Analysis of the amount recognized in other comprehensive income | |||
| Actual asset return less interest income on plan assetsa | (241) | — | (241) |
| Change in financial assumptions underlying the present value of the plan liabilities | 238 | 181 | 419 |
| Change in demographic assumptions underlying the present value of the plan liabilities | 2 | (10) | (8) |
| Experience gains and losses arising on the plan liabilities | (23) | (8) | (31) |
| Remeasurements recognized in other comprehensive income | (24) | 163 | 139 |
| Movements in benefit obligation during the year | |||
| Benefit obligation at January 1 | 4,853 | 1,322 | 6,175 |
| Exchange adjustments | (2) | — | (2) |
| Operating charge relating to defined benefit plans | 152 | 18 | 170 |
| Interest cost | 240 | 63 | 303 |
| Contributions by plan participants | 3 | — | 3 |
| Benefit payments (funded plans)b | (254) | — | (254) |
| Benefit payments (unfunded plans)b | (24) | (128) | (152) |
| Remeasurements | (217) | (163) | (380) |
| Benefit obligation at December 31a | 4,751 | 1,112 | 5,863 |
| Movements in fair value of plan assets during the year | |||
| Fair value of plan assets at January 1 | 5,776 | — | 5,776 |
| Exchange adjustments | (1) | — | (1) |
| Interest income on plan assetsa c | 284 | — | 284 |
| Contributions by plan participants | 3 | — | 3 |
| Contributions by employers (funded plans) | 9 | — | 9 |
| Benefit payments (funded plans)b | (254) | — | (254) |
| Remeasurementsc | (241) | — | (241) |
| Fair value of plan assets at December 31 | 5,576 | — | 5,576 |
| Surplus (deficit) at December 31 | 825 | (1,112) | (287) |
| Represented by | |||
| Asset recognized | 1,029 | — | 1,029 |
| Liability recognized | (204) | (1,112) | (1,316) |
| 825 | (1,112) | (287) | |
| The surplus (deficit) may be analyze |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, in 2024, the other finance expense related to pension plans was ($44) million. The other finance expense related to post-employment benefit plans was $63 million. The total other finance expense was $19 million.
This data is derived from an analysis of the amount charged to profit before interest and taxation. It also includes an analysis of the amount recognized in other comprehensive income, movements in benefit obligation during the year, and movements in the fair value of plan assets during the year.
Prospective franchisees should be aware that these figures reflect the financial management of pension and benefit plans by Petro Stopping Center. Understanding these figures can provide insight into the company's financial health and its approach to employee benefits, which can indirectly affect franchisee operations and costs.