Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 379

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 379
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 is not anticipated to have a significant impact on the financial position of our company.

Classification of Liabilities as Current or Non-current (Amendments to IAS 1)

The amendments to IAS 1 clarify how to classify debt and other liabilities as current or non-current. The amendments are applied retrospectively for annual periods beginning on or after January 1, 2024, and has been adopted as of this date. The amendment did not have a material impact on the financial position of our company.

Future accounting policies

The following are accounting policies issued that our company expects to adopt in the future:

IAS 18 - Presentation and Disclosure in Financial Statements (“ IFRS 18”)

In April 2024, the IASB issued IFRS 18, Presentation and Disclosure of Financial Statements. IFRS 18 is effective for periods beginning on or after January 1, 2027, with early adoption permitted. IFRS 18 is expected to improve the quality of financial reporting by requiring defined subtotals in the statement of profit or loss, requiring disclosure about management-defined performance measures, and adding new principles for aggregation and disaggregation of information. Our company is in the process of determining the impact of the amendments on its consolidated financial statements.

Brookfield Infrastructure Corporation F-27

  BROOKFIELD INFRASTRUCTURE CORPORATION                                                      
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                                 
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

NOTE 4. ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

In December 2024, our company agreed to the sale of its 33 430 116 67

The major classes of assets and liabilities classified as held for sale are as follows:

  US$ MILLIONS                                                Dec. 31, 2024             
 ────────────────────────────────────────────────────────────────────────────────────────
  Assets                                                                                
  Accounts receivable and other current assets                $                     42  
  Current assets                                              42                        
  Property, plant and equipment                                                  1,775  
  Intangible assets                                           105                       
  Other non-current assets                                    36                        
  Total assets classified as held for sale                    $                  1,958  
  Liabilities                                                                           
  Accounts payable and other liabilities                      $                     12  
  Non-recourse borrowings                                                        1,197