Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 521

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 521
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) Disposition of our Indian toll roads operation

On June 15, 2023, Brookfield Infrastructure, alongside institutional partners (collectively, the “ Indian toll roads consortium”) completed the sale of its interest in its Indian toll roads operation. The sale resulted in net proceeds of approximately $180million (Indian toll road consortium total of approximately $600million). Our partnership recognized a gain on sale of approximately $100million (Indian toll roads consortium total of approximately $340million) in other income (expense) on the Consolidated Statement of Operating Results.

F-38 Brookfield Infrastructure

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

NOTE 6. ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

In December 2024, Brookfield Infrastructure agreed to the sale of a 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  
  Total liabilities associated with assets held for sale                         1,209  
  Net assets classified as held for sale                      $                    749  

Brookfield Infrastructure F-39

  BROOKFIELD INFRASTRUCTURE PARTNERS L. P.                                                   
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)                                     
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

NOTE 7. ACQUISITION OF BUSINESSES

Acquisitions Completed in 2024

(a) Acquisition of Brazilian electricity transmission operation

On December 23,