What was the interest receivable for Petro Stopping Center in 2024?
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 |
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 receivable in 2024 was ($2,733) million. This figure is part of the adjustments to reconcile profit before taxation to net cash provided by operating activities.
Interest receivable represents income that Petro Stopping Center has earned but not yet received in cash. It is shown as a negative number in the reconciliation because it reduces the amount of cash generated from operating activities during the period. This adjustment is necessary because the profit before taxation includes this interest income, but the cash has not actually been collected.
For a prospective franchisee, understanding interest receivable is crucial for assessing the overall financial health and cash flow management of Petro Stopping Center. While interest receivable contributes to the company's profitability, it's important to monitor the collection of these receivables to ensure they are converted into cash in a timely manner. A significant increase in interest receivable without a corresponding increase in cash receipts could indicate potential issues with the company's ability to collect its dues.