Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 235

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 235
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  Total liabilities (1)                                                                                             74,737                              66,768  
  Limited partners’ capital                                                                                          4,704                               5,321  
  General partner’s capital                                                                 27                                  28                              
  Non-controlling interest— Redeemable Partnership Units                                                             1,926                               2,190  
  Non-controlling interest— BIPC exchangeable shares and class A.2 exchangeable shares                               1,355                               1,533  
  Non-controlling interest— Exchangeable units (2)                                          62                                  72                              
  Non-controlling interest—perpetual subordinated notes                                     293                                 293                             
  Non-controlling interest—in operating subsidiaries                                                                20,568                              23,661  
  Preferred unitholders                                                                     918                                 918                             
  Partnership’s capital attributable to the partnership (3)                                                          8,074                               9,144  
  Total partnership’s capital                                                                                       29,853                              34,016  

(1)$1.7 billion of capital contributed by non-controlling shareholders in our Indian telecom tower operation has been excluded from partnership capital, interest of others in operating subsidiaries, and classified as a liability.

(2) Includes non-controlling interest attributable to Exchange LP Units and BIPC Exchangeable LP Units.

(3) Includes partnership capital attributable to limited partners, the general partner, non-controlling interests - Redeemable Partnership Units held by Brookfield, non-controlling interests - Exchangeable units and non-controlling interests - BIPC exchangeable shares and class A.2 exchangeable shares.

Total assets were $104.6 billion at December 31, 2024, compared to $100.8 billion at December 31, 2023. Total assets increased by $14.3 billion due to the acquisition of a North American retail colocation data center business, a tuck-in acquisition at our Indian telecom tower operations, increased investment in capital assets and organic growth. These increases were partially offset by depreciation and amortization, dispositions and foreign exchange impacts which reduced total assets by $3.6 billion, $0.5 billion and $5.0 billion respectively. The deconsolidation of our Peruvian toll road operation further decreased total assets by $1.3 billion, refer to Note 34, Related Party Transactions, for further details.

During the year ended December 31, 2024, property, plant and equipment increased from $48.5 billion to $50.