table_specific

On what page of the Petro Stopping Center FDD are the notes to the consolidated financial statements located?

Petro_Stopping_Center Franchise · 2025 FDD

Answer from 2025 FDD Document

Report of Independent Auditors 4
Consolidated Income Statement 6
Consolidated Statement of Comprehensive Income (Loss) 2
Consolidated Statement of Changes in Equity 8
Consolidated Balance Sheet ç
Consolidated Cash Flow Statement 10
Notes to the consolidated financial statements 11
1. Significant accounting policies, judgements, estimates and assumptions 11
2. Non-current assets held for sale 27
3. Disposals and impairment 28
4. Sales and other operating revenues 30
5. Income statement analysis 30
6. Exploration for and evaluation of oil and natural gas resources 31
7. Taxation 31
8. Property, plant, and equipment 34
9. Capital commitments 35
10. Goodwill and impairment review of goodwill 35
11. Intangible assets 36
12. Investments in joint ventures 37
13. Investments in associates 38
14. Other investments 38
15. Inventories 36
16. Trade, affiliates, and other receivables 36
17. Trade, affiliates, and other payables 36
18. Provisions 40
19. Pensions and other post-employment benefits 40
20. Cash and cash equivalents 46
21. Finance debt 46
22. Capital disclosures and net debt 47
23. Leases 47
24. Financial instruments and financial risk factors 48
25. Derivative financial instruments 5
26. Capital and reserves 59
27. Contingent liabilities and legal proceedings 6 ′
28. Related parties 62
29. Ultimate parent, subsidiaries, joint arrangements, and associates 63
30. Events after the reporting period 63

Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)

What This Means (2025 FDD)

According to the 2025 Petro Stopping Center Franchise Disclosure Document, the notes to the consolidated financial statements begin on page 11. The table of contents within Item 23 lists several components of the consolidated financial statements and their corresponding page numbers. This allows prospective franchisees to easily locate specific financial information about BP Corporation North America Inc., the parent company, and its subsidiaries.

Specifically, the table lists 'Notes to the consolidated financial statements' as starting on page 11. This section includes details about significant accounting policies, judgements, estimates, and assumptions used in preparing the financial statements. It also covers various financial aspects such as non-current assets, disposals, revenues, taxation, property, equipment, goodwill, intangible assets, investments, inventories, payables, provisions, pensions, debt, leases, financial instruments, capital, contingent liabilities, related parties, and events after the reporting period.

For a potential Petro Stopping Center franchisee, this information is crucial for understanding the financial health and accounting practices of the parent company. Reviewing these notes provides insights into how the company manages its assets, liabilities, and financial risks, which can impact the stability and performance of the franchise system. Understanding these details can help a franchisee make a more informed investment decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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