Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 392

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 392
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              Other (1)                Dec. 31, 2024  
  Deferred tax assets related to non-capital losses and capital losses            $                 $                  ( 2)      $                  $              ( 1)      $              
  Deferred tax liabilities related to differences in tax and book basis, net      ( 2,133)          ( 7)                         ( 24)              181                      ( 1,983)       
  Net deferred tax liabilities                                                    $                 $                  ( 9)      $                  $               180      $              

(1) Other items relate to foreign exchange as deferred income taxes are calculated based on the functional currency of each operating entity.

F-50 Brookfield Infrastructure Corporation

  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  

                                                                                                    Recognized in                                                                                                 
  US$ MILLIONS                                                                    Jan. 1, 2023      Net                           Other              Other (1)      Acquisitions/Dispositions      Dec. 31, 2023  
  Deferred tax assets related to non-capital losses and capital losses            $                 $                   ( 2)      $                  $              $                              $              
  Deferred tax liabilities related to differences in tax and book basis, net      ( 1,532)          ( 18)                         ( 34)              ( 104)         ( 445)                         ( 2,133)       
  Net deferred tax liabilities                                                    $                 $                  ( 20)      $                  $              $                              $              

(1) Other items relate to foreign exchange as deferred income taxes are calculated based on the functional currency of each operating entity.

The amount of non-capital losses for which no deferred income tax assets have been recognized is approximately $ 55 41 2 2 53 39

Brookfield Infrastructure Corporation F-51

  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  

(b) Income Tax Recognized in Income or Loss

The major components of income tax expense include the following:

                                                                                                           For the year ended December