What was the share of items relating to equity-accounted entities, net of tax, for Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Share capital | Share premium account | Other reserves | Profit and loss account | BP Corporation North America shareholders' equity | Non controlling interests | Total equity | |
|---|---|---|---|---|---|---|---|
| At January 1, 2024 | 1 | 43,288 | 195 | (11,173) | 32,311 | 13,481 | 45,792 |
| Profit for the year | — | — | — | 2,453 | 2,453 | 818 | 3,271 |
| Items that may be reclassified subsequently to profit or loss | |||||||
| Cash flow hedges | — | — | (406) | — | (406) | — | (406) |
| Share of items relating to equity-accounted entities, net of tax | — | — | — | 1 | 1 | — | 1 |
| Other | — | — | — | (1) | (1) | — | (1) |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the share of items relating to equity-accounted entities, net of tax, was $1 for the years ending December 31, 2024. This information is part of a larger table detailing the BP Corporation North America shareholders' equity.
Specifically, this $1 figure falls under 'Items that may be reclassified subsequently to profit or loss' within the broader changes to equity. It represents the net effect of equity-accounted items after accounting for taxes.
For a prospective Petro Stopping Center franchisee, this particular line item may not have a direct, immediate impact on their day-to-day operations. However, it provides insight into how Petro Stopping Center's parent company, BP Corporation North America, accounts for its investments in other entities and how those investments affect the overall equity position. Understanding these broader financial metrics can help a franchisee assess the financial health and stability of the parent company, which indirectly supports the franchise system.