What was the non controlling interests equity for Petro Stopping Center at December 31, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
sferred to the balance sheet | _ | | At December 31, 2023 | 529 | All of the cash flow hedge reserve balances at December 31, 2024 and amounts reclassified from these cash flow hedge reserves into profit or loss during the year relate to continuing hedge relationships. The amounts reclassified are presented in sales and other operating revenues in the income statement.
26. Capital and reserves
| Share capital | Share premium account | Other reserves | Profit and loss account | BP Corporation North America shareholders' equity | Non controlling interests | Total equity |
|---|
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 equity attributed to non-controlling interests at December 31, 2024, was $13,429 million. This figure represents the portion of equity in Petro Stopping Center's subsidiaries that is not owned directly or indirectly by the shareholders of BP Corporation North America. Understanding non-controlling interests is crucial for assessing the overall financial structure and ownership distribution within Petro Stopping Center's consolidated financial statements.
For a prospective franchisee, this number itself may not have a direct impact on day-to-day operations. However, it provides insight into the financial relationships between Petro Stopping Center and its subsidiaries, as well as the degree of external ownership in those entities. This can be an indicator of the complexity of the overall corporate structure.
Non-controlling interests can arise when Petro Stopping Center owns less than 100% of a subsidiary but still maintains control. The $13,429 million represents the equity stake held by other parties in those subsidiaries. Changes in this figure from year to year can reflect acquisitions, disposals, or changes in the profitability of the subsidiaries with non-controlling interests.
Franchisees might consider this information as part of a broader due diligence effort to understand the financial health and structure of Petro Stopping Center. While the specific amount of non-controlling interest equity may not be a primary concern, it contributes to a more complete picture of the company's financial position.