What was the total amount of Petro Stopping Center's investment in joint ventures in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
Company as of December 31, 2024.
The following table provides aggregated summarized financial information relating to the Company's share of joint ventures.
| 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, |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, specific figures for the company's total investments in joint ventures are not explicitly detailed. However, the document does provide information on sales to and purchases from joint ventures. In 2023, sales to joint ventures for LNG, crude oil and oil products, and natural gas amounted to $369 million, with an amount receivable of $142 million at the end of the year. Purchases from joint ventures for similar products, refinery operating costs, and plant processing fees totaled $160 million, with an amount payable of $4 million at the end of 2023.
While these figures indicate the transactional volume between Petro Stopping Center and its joint ventures, they do not represent the company's total investment in those ventures. The provided data focuses on the flow of products and services and the associated receivables and payables, rather than the overall capital invested by Petro Stopping Center.
For a prospective franchisee, this distinction is crucial. Understanding the sales and purchase activities with joint ventures can provide insight into the operational relationships and dependencies of Petro Stopping Center. However, to assess the full financial commitment and potential returns from joint ventures, a prospective franchisee would need to seek additional information from the franchisor regarding the initial and ongoing investments in these ventures. This information would be essential for a comprehensive financial evaluation of the franchise opportunity.