Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 387

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 387
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(3) See Note 4, Assets and Liabilities classified as Held for Sale, for additional information.

F-38 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  

NOTE 11. INVESTMENTS IN ASSOCIATES

The following table represents the change in balance of investments in associates:

                                                  For the year ended                     
  US$ MILLIONS                                    Dec. 31, 2024           Dec. 31, 2023  
  Balance at the beginning of the period          $                       $              
  Acquisitions                                    —                       —              
 ─────────────────────────────────────────────────────────────────────────────────────────
  Share of (losses) earnings for the year         —                       ( 20)          
  Foreign currency translation & other            —                       25             
  Share of other comprehensive (loss) income      —                       ( 27)          
  Distributions                                   —                       ( 3)           
  Disposition of interest                         —                       ( 403)         
  Ending Balance                                  $                       $              

In February 2022, our company acquired a 7.9 455 435 32 28

As at December 31, 2024 and December 31, 2023, our company did not hold any investments in associates.

The following tables present the gross amounts of revenue, net income, other comprehensive income from our company’s investments in associates for the year ended December 31, 2023:

                                    Year ended December 31, 2023                                                                     
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                    Total                                                                                            
  US$ MILLIONS                      Revenue                                      Net         OCI                                     
  Australian regulated utility      $                                 1,008      $           $        ( 375)      ( 276)      ( 20)  
  Total                             $                                 1,008      $           $        ( 375)      ( 276)      ( 20)  

(1) Our company’s share of net income for the year ended December 31, 2023 includes $ 28

Brookfield Infrastructure Corporation F-39

  BROOKFIELD INFRASTRUCTURE CORPORATION                                                      
  NOTES TO CONSOLIDATED FINANCIAL STATE