Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 523

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 523
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 losses. The partnership organizes its loans receivable and ECL allowance into three stages based on varying degrees of credit risk as described in Note 2.

  Brookfield Business Partners      F-77  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022

The following table shows changes in the gross carrying amount of the partnership’s significant loans receivable portfolio for the years ended December 31, 2024 and 2023:

  (US$ MILLIONS)                                   Stage 1                 Stage 2      Stage 3      Total                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Gross carrying amount                                                                                                   
  Balance at January 1, 2023                             $      5,513            $        190 $      $             5,819  
  New assets originated or purchased                            3,167          182           27                    3,376  
  Assets derecognized (excluding write-offs)      ( 1,757)                  ( 171)        ( 68)      ( 1,996)             
  Transfers to stage 1                                 128                  ( 117)        ( 11)      —                    
  Transfers to stage 2                              ( 309)                     332        ( 23)      —                    
  Transfers to stage 3                               ( 44)                   ( 63)          107      —                    
  Amounts written-off (net of recovery)                  —                   ( 16)         ( 3)      ( 19)                
  Other                                             ( 470)                     216            6      ( 248)               
  Foreign currency translation                           5                      10            2      17                   
  Balance at December 31, 2023                           $      6,233            $        563 $      $             6,949  
  New assets originated or purchased                            2,441          168           19                    2,628  
  Assets derecognized (excluding write-offs)      ( 2,137)                  ( 216)        ( 94)      ( 2,447)             
  Transfers to stage 1                                  83                   (