What was the total tax amount related to other comprehensive income for Petro Stopping Center in 2023?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
mployment benefit plans are included in the benefit obligation.
The benefit payments amount shown above comprises $392 million benefits and $14 million of plan expenses incurred in the administration of the benefit. The actual return on plan assets is made up of the sum of the interest income on plan assets and the remeasurement of plan assets as disclosed above.
| $ million | |||
|---|---|---|---|
| Other post | 2023 | ||
| Pension plans | employment benefit plans | Total | |
| Analysis of the amount charged to profit before interest and taxation | |||
| Current service costa | 147 | 19 | 166 |
| Operating charge relating to defined benefit plans | 147 | 19 | 166 |
| Payments to defined contribution plans | 159 | — | 159 |
| Total operating charge | 306 | 19 | 325 |
| Interest income on plan assetsa | (291) | — | (291) |
| Interest on plan liabilities | 242 | 74 | 316 |
| Other finance expense | (49) | 74 | 25 |
| Analysis of the amount recognized in other comprehensive income | |||
| Actual asset return less interest income on plan assetsa | 45 | — | 45 |
| Ch |
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, an analysis of the amount recognized in other comprehensive income for 2023 includes several components. The actual asset return less interest income on plan assets was $45 million. There was a change in financial assumptions underlying the present value of the plan liabilities, amounting to $27 million. A change in demographic assumptions underlying the present value of the plan liabilities resulted in a loss of $5 million. Experience gains and losses arising on the plan liabilities totaled $48 million. The remeasurements recognized in other comprehensive income amounted to $115 million.
These figures relate to pension plans and other post-employment benefit plans. The table provides a detailed breakdown of how these amounts were calculated, offering transparency into the various factors influencing other comprehensive income.
Prospective franchisees should note that these figures reflect the overall financial activities related to employee benefits and are not direct taxes paid by individual franchise locations. Understanding these figures is important for assessing the overall financial health and stability of Petro Stopping Center.