What was the share premium account for Petro Stopping Center as of January 1, 2024?
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 | — | — | — |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to the 2025 FDD, as of January 1, 2024, the share premium account for Petro Stopping Center was $43,288. This figure is part of a broader financial snapshot that includes other elements of equity.
The share premium account represents the excess amount investors paid for the shares above their par value. It's a component of the overall shareholders' equity, reflecting the capital raised beyond the nominal value of the shares.
For a prospective franchisee, understanding the share premium account in the context of the larger equity structure provides insight into the financial health and capital structure of Petro Stopping Center. While franchisees do not directly interact with this account, it is an indicator of the financial stability of the company.