Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 520

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 520
---
 83  
                                         24.      Other long-term assets                                                 83  
                                         25.      Accounts payable and accrued liabilities                               84  
                                         26.      Provisions                                                             84  
                                         27.      Other long-term liabilities                                            85  
                                         28.      Commitments, contingencies and guarantees                              85  
                                         29.      Related party transactions                                             87  
                                         30.      Supplemental information                                               94  
                                         31.      Subsidiary public issuers                                              95  
                                         32.      Subsequent events                                                      96  

  F - 15  

1. BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICY INFORMATION

(a)Statement of compliance

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“ IFRS”) as issued by the International Accounting Standards Board (“ IASB”). The accounting policies used in the consolidated financial statements are based on the IFRS applicable as at December 31, 2024, which encompass individual IFRS, International Accounting Standards (“ IAS”), and interpretations made by the International Financial Reporting Interpretations Committee (“ IFRIC”) and the Standard Interpretations Committee (“ SIC”). The policies set out below are consistently applied to all periods presented, unless otherwise noted.

These consolidated financial statements have been authorized for issuance by the Board of Directors of Brookfield Renewable’s general partner, BRPL, on February 28, 2025.

Certain comparative figures have been reclassified to conform to the current year’s presentation.

References to $, C$, €, £, R$, COP, INR, A$, CNY and KRW are to United States (“ U. S.”) dollars, Canadian dollars, Euros, British pound, Brazilian reais, Colombian pesos, Indian rupees, Australian dollars, Chinese yuan and South Korean won, respectively.

All figures are presented in millions of U. S. dollars unless otherwise noted.

(b) Basis of preparation

The consolidated financial statements have been prepared on the basis of historical cost, except for the revaluation of property, plant and equipment and certain assets and liabilities which have been measured at fair value. Cost is recorded based on the fair value of the consideration given in exchange for assets.

(c) Consolidation

These consolidated financial statements include the accounts of Brookfield Renewable and its subsidiaries, which are the entities over which Brookfield Renewable has control. An investor controls an investee when it is exposed, or has rights, to variable returns from its involvement