What was the value of Petro Stopping Center's land and land improvements at January 1, 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ated with investments in subsidiaries and equity-accounted entities | 660 | 661 |
The majority of the unused US state tax losses have no fixed expiry date.
Substantially all of the deductible temporary differences have no expiry date.
| Impact of previously unrecognized deferred tax or write-down of deferred tax assets on tax charge | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current tax benefit relating to the utilization of previously unrecognized deferred tax assets | 71 | 138 | 232 |
| Deferred tax benefit arising from the reversal of a previous write-down of deferred tax assets |
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 value of their land and land improvements at January 1, 2024, was $1,032 million. This figure represents the cost of owned property, plant, and equipment (PP&E) related to land and its improvements at the beginning of the 2024 fiscal year. This number is part of a larger table detailing the company's assets and their depreciation.
For a prospective franchisee, this indicates the scale of Petro Stopping Center's investments in land and infrastructure. It's important to note that this value is a historical cost figure and does not necessarily reflect the current market value of the land. The table also shows subsequent changes to this value throughout the year due to acquisitions, additions, disposals, and other factors.
Understanding the company's asset values can provide insight into its financial stability and investment strategy. Franchisees may want to inquire about the specific locations and types of land included in this valuation to better understand the geographic distribution and operational aspects of Petro Stopping Center's real estate holdings.