Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 364

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 364
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 U. K.                                            80        80        80                       80        80  
  Brazilian regulated gas transmission operation      Nova Transportadora do Sudeste S. A. (1)      Brazil                                           31        31        31                       92        92  
  Global intermodal logistics operation               Triton International Limited (1),(2)          U. S.                                            27        28         —                      100       100  

(1) Our company has entered into voting arrangements to provide our company with the ability to direct the relevant activities of the investee. Our company controls this investee given that our company is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Our company exercises judgment to determine the level of variability that will achieve control over an investee, particularly in circumstances where our company’s voting interest differs from its ownership interest in an investee. The following were considered to determine whether our company controls this investee: the degree of power (if any) held by other investors, the degree of exposure to variability of each investor, the determination of whether any general partner removal rights are substantive and the purpose and design of the investee.

(2)
Refer to Note 5, Acquisition of businesses, for further details.

Brookfield Infrastructure Corporation F-15

  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 3. MATERIAL ACCOUNTING POLICY INFORMATION

(a)Statement of Compliance

These consolidated financial statements have been prepared in accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board (“ IFRS Accounting Standards”).

These consolidated financial statements were authorized for issuance by the Board of Directors of our company on March 21, 2025.

(b)Basis of Presentation

The consolidated financial statements are prepared on a going concern basis.

For the periods prior to December 24, 2024, the financial statements represent those of BIHC, formerly Brookfield Infrastructure Corporation. During this period, all of the assets and liabilities presented were controlled by the partnership. Effective December 24, 2024, our company acquired an interest in BIHC and consolidated BIHC in its financial statements. The acquisition