What was the total expenditure for Petro Stopping Center related to other intangibles in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
For information on significant judgements made in relation to oil and natural gas accounting see Intangible assets in Note 1.
| Land and land improvements | Buildings | Oil and gas propertiesa | Plant, machinery and equipment | Fittings, fixtures and office equipment | Transportation | Oil depots, storage tanks and service stations | $ million Total | |
|---|---|---|---|---|---|---|---|---|
| Transfers from intangible assets | — | — | 342 | — | — | — | — | 342 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, details regarding the specific expenditure for Petro Stopping Center related to other intangible assets in 2024 is not available. However, the FDD does mention that information on significant judgements made in relation to oil and natural gas accounting can be found under Intangible assets in Note 1. Additionally, the document provides details on property, plant, and equipment (PP&E), including land, buildings, oil and gas properties, plant machinery, and other equipment. It also includes information on transfers from intangible assets to oil and gas properties, with a transfer of $342 million in 2024.
While the FDD provides a breakdown of costs associated with property, plant, and equipment, as well as some information on intangible assets related to oil and gas resources, it does not explicitly state the total expenditure on 'other intangibles' for 2024. The document includes financial data related to exploration and evaluation of oil and natural gas resources, which are recorded within the gas & low carbon energy and oil production & operations businesses. This suggests that intangible assets are primarily discussed in the context of these specific business activities.
For a prospective franchisee, this means that understanding the full scope of intangible asset investments would require further inquiry. It would be prudent to ask Petro Stopping Center for a more detailed breakdown of intangible asset expenditures, particularly those not directly related to oil and gas exploration. This information would be essential for a comprehensive financial analysis and business planning.
Therefore, a potential franchisee should directly ask the franchisor for clarification on the total expenditure for 'other intangibles' to gain a clearer picture of the company's investment strategy and asset allocation.