What was the interest expense on lease liabilities 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 interest expense on lease liabilities in 2022 was $99.
This figure represents the cost incurred by Petro Stopping Center for the use of leased assets during that year. Lease liabilities typically arise from agreements where Petro Stopping Center rents property or equipment rather than owning them outright. The interest expense is the portion of the lease payment that compensates the lessor for the financing component of the lease.
For a prospective franchisee, understanding this expense is crucial as it reflects the financial obligations Petro Stopping Center has undertaken through its leasing activities. While this is a corporate-level expense, it provides insight into how the company manages its assets and finances, which indirectly affects the stability and resources available to support franchisees. Franchisees may want to inquire about how leasing strategies at the corporate level could influence their own operational costs or access to resources.