Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 549

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 549
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 costs for the years ended December 31, 2024, 2023 and 2022.

  US$ MILLIONS                                     2024                  2023                  2022              
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost of inventory                                $          2,963      $          3,217      $          2,881  
  Depreciation and amortization                               3,644                 2,739                 2,158  
  Compensation                                                2,997                 2,582                 1,707  
  Fuel, transportation and distribution costs                 1,823                 1,553                 1,624  
  Operations and maintenance costs                            1,258                 1,143      852               
  Marketing and administrative costs                          1,128      883                   535               
  Utilities                                        967                   702                   500               
  Other direct operating costs                     896                   651                   253               
  Total                                            $         15,676      $         13,470      $         10,510  

NOTE 25. PAYROLL EXPENSE

Our partnership has no

Throughout the year, the General Partner in its capacity as our partnership’s general partner, incurs director fees, a portion of which are charged to our partnership in accordance with the limited partnership agreement.

Refer to Note 24, Direct Operating Costs, for further details on payroll expenses identified as “ compensation,” across all of Brookfield Infrastructure’s subsidiaries.

F-80 Brookfield Infrastructure

  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 26. NON-WHOLLY OWNED SUBSIDIARIES

The following tables present summarized accounts for significant or material non-wholly owned subsidiaries on the Consolidated Statement of Financial Position:

                                                                              As of December 31, 2024                                                                                                                              
  US$ MILLIONS                                                                                Current                      Current                 Non-Controlling Interest in Operating Subsidiaries                 Partnership  
                                                                                               Assets                  Liabilities                                                                                    Capital (1)  
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