What was the profit or loss before taxation for Petro Stopping Center in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Sales and other operating revenues | 601 | 700 | 503 |
| Profit (loss) before interest and taxation | 175 | (1,055) | (163) |
| Finance costs | 7 | 4 | 9 |
| Profit (loss) before taxation | 168 | (1,059) | (172) |
| Taxation | 1 | 2 | 1 |
| Profit (loss) for the year | 167 | (1,061) | (173) |
| Other comprehensive income | 1 | — | 12 |
| Total comprehensive income (loss) | 168 | (1,061) | (161) |
| Non-current assets | 2,807 | 3,149 | |
| Current assets | 320 | 672 | |
| Total assets | 3,127 | 3,821 | |
| Current liabilities | 410 | 586 | |
| Non-current liabilities | 342 | 449 | |
| Total liabilities | 752 | 1,035 | |
| Net assets | 2,375 | 2,786 | |
| Less: Non-controlling interests | 10 | 13 | |
| Company's investment in joint ventures | 2,365 | 2,773 |
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 profit (loss) before taxation in 2023 was ($1,059). This indicates that Petro Stopping Center experienced a loss before considering taxes during that year. This figure is important for prospective franchisees as it provides insight into the financial performance of the company.
Specifically, the document provides a detailed breakdown of various financial metrics over a three-year period, including sales, operating revenues, and different levels of profit or loss. The loss before taxation reflects the financial outcome before accounting for tax implications, offering a clear view of the company's operational profitability.
Potential franchisees should consider this loss in the context of other financial data provided in the FDD, such as sales revenues and expenses, to understand the factors contributing to the loss. Additionally, it would be prudent to investigate the reasons behind the loss and whether any measures have been implemented to improve profitability in subsequent years. Understanding the trend of financial performance over multiple years, as presented in the table, is crucial for making an informed investment decision regarding a Petro Stopping Center franchise.