What were the share-based payments for Petro Stopping Center in 2022?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
sferred to the balance sheet | _ | | At December 31, 2023 | 529 | All of the cash flow hedge reserve balances at December 31, 2024 and amounts reclassified from these cash flow hedge reserves into profit or loss during the year relate to continuing hedge relationships. The amounts reclassified are presented in sales and other operating revenues in the income statement.
26. Capital and reserves
| 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) |
| Items that will not be reclassified to profit or loss | |||||||
| Remeasurements of the net pension and other post | |||||||
| employment benefit liability or asset | — | — | — | 103 | 103 | — | 103 |
| Total comprehensive income | — | — | (406) | 2,556 | 2,150 | 818 | 2,968 |
| Dividends paid | — | — | — | (9,500) | (9,500) | — | (9,500) |
| Preference share dividends | — | — | — | — |
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 share-based payments, net of tax, for the year 2022 were $267 million. This figure reflects the expenses related to compensating employees or executives with company shares or stock options. These payments are a non-cash expense, meaning they don't involve an immediate outflow of cash but represent a cost to the company in the form of equity dilution.
For a prospective franchisee, understanding share-based payments might not directly impact their day-to-day operations. However, it provides insight into the overall financial health and compensation strategies of Petro Stopping Center. A significant amount in share-based payments could indicate that the company is investing in its employees and executives, which can be a positive sign.
It's important to note that this figure is 'net of tax,' meaning it accounts for any tax benefits the company received related to these payments. Franchisees should focus on how these broader financial strategies reflect the stability and long-term vision of Petro Stopping Center, as this can affect the support and resources available to them.