Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 539

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 539
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 fees, which include fees for the licensing of space and power, and interconnection service fees. The intangibles are amortized on a straight-line basis over the estimated useful life.

The intangible asset at Brookfield Infrastructure’s U. K. port operation relates to a conservancy right. As a right in perpetuity issued by the Statutory Harbour Authority in the U. K., the conservancy right is classified as having an indefinite life, and is subject to an annual impairment review.

Brookfield Infrastructure F-67

  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  

The carrying value as at December 31, 2024, of Brookfield Infrastructure’s indefinite lived intangibles is $ 953 967

The following table presents the change in the cost balance of intangible assets:

  US$ MILLIONS                                                        2024                  2023              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost at beginning of the year                                          $      18,622      $         13,718  
  Acquisitions through business combinations (1)                                 1,580                 4,020  
  Additions, net of disposals                                          193                  284               
  Assets reclassified as held for sale                              ( 109)                  —                 
  Assets held by subsidiaries disposed during the period (2)         ( 17)                  —                 
  Non-cash disposals (3)                                          ( 1,053)                  ( 7)              
  Foreign currency translation                                    ( 1,477)                  607               
  Cost at end of year                                                    $      17,739      $         18,622  

(1) See Note 7, Acquisition of Businesses, for additional information.

(2) Refer to Note 5, Disposition of Businesses, for further details.

(3) Non-cash disposals for the year ended December 31, 2024 principally relates to the deconsolidation of our Peruvian toll road operations. Refer to Note 34, Related Party Transactions, for further details.

The following table presents the accumulated amortization for Brookfield Infrastructure’s intangible assets:

  US$ MILLIONS                                       202