What was the share premium account for Petro Stopping Center at 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 |
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 premium account at January 1, 2024, was $43,288. This figure is part of the broader BP Corporation North America shareholders' equity, which totaled $32,311 at that date. The total equity, including non-controlling interests, was $45,792.
The share premium account reflects the amount by which the issue price of shares exceeds their par value. It's a component of the overall equity structure of Petro Stopping Center and provides insight into the company's capital structure and how it has been financed.
For a prospective franchisee, understanding these figures is crucial for assessing the financial health and stability of Petro Stopping Center. While the share premium account itself may not directly impact day-to-day operations, it contributes to the overall financial picture that can influence the franchisor's ability to support its franchisees and invest in the brand. Reviewing these figures in the context of the entire financial statement can offer a more comprehensive understanding of the franchisor's financial position.