Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 481

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 481
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 year 2024 subsequent to October 1, 2023, these tax benefits are eligible to be refundable or transferable, and therefore the benefits are accounted for in accordance with IAS 20.

IAS 20 permits a policy choice to present benefits of a similar nature as income or an offset to a related expense. The partnership has elected to present these benefits as a reduction to direct operating costs. During the year ended December 31, 2024, the partnership recorded a cumulative benefit of $ 1,341

(af) New accounting policies adopted

The partnership has applied certain new and revised IFRS Accounting Standards issued by the IASB that are effective for the period beginning on or after January 1, 2024.

(i) Amendments to IAS 1 - Presentation of Financial Statements (“ IAS 1”)

The amendments clarify how to classify debt and other liabilities as current or non-current. The partnership adopted these amendments on January 1, 2024 and the adoption did not have a material impact on the partnership’s consolidated financial statements.

(ag) Future changes in accounting policies

There are currently no other future changes to IFRS Accounting Standards with expected material impacts on the partnership.

  F-34      Brookfield Business Partners  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022

NOTE 3. ACQUISITION OF BUSINESSES

(a)Acquisitions completed in 2024

There were no significant acquisitions during the year ended December 31, 2024.

(b)Acquisitions completed in 2023

Infrastructure services

Mobile Mini Solutions (“ Mobile Mini”)

On January 31, 2023, the partnership’s modular building leasing services acquired a 100 419 100

Goodwill of $ 176 58 236 51 10

NOTE 4. FAIR VALUE OF FINANCIAL INSTRUMENTS

The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair values are determined by reference to quoted bid or ask prices, as appropriate. Where bid and ask prices are unavailable, the closing price of the most recent transaction of that instrument is used. In the