Are the financial statements of BPCNA consolidated for Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit D includes BPCNA's audited consolidated balance sheets as of December 31, 2024 and December 31, 2023, and related consolidated statements of profit and loss, comprehensive income, changes in stockholders' equity and cash flows for the years ended December 31, 2024, 2023, and 2022 and the related notes to the consolidated financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 87)
What This Means (2025 FDD)
According to the 2025 Petro Stopping Center Franchise Disclosure Document, the financial statements included in Exhibit D are BPCNA's audited consolidated balance sheets. These balance sheets are presented as of December 31, 2024, and December 31, 2023.
In addition to the balance sheets, Exhibit D also contains BPCNA's related consolidated statements of profit and loss, comprehensive income, changes in stockholders' equity, and cash flows. These statements cover the years ended December 31, 2024, 2023, and 2022. The exhibit also includes related notes to the consolidated financial statements.
This means that the financial performance and position of BPCNA are presented on a consolidated basis, reflecting the combined results of BPCNA and its subsidiaries. A prospective franchisee of Petro Stopping Center can review these consolidated statements to gain an understanding of the financial health and performance of BPCNA, the parent company of the franchisor, Petro Franchise Systems LLC.