Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 488

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 488
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185                   120               
  Loans and notes receivable          396                   243               
  Other financial assets (1)          220                   89                
  Total current                       $          1,537      $          1,139  
  Non-current                                                                 
  Marketable securities               $          2,333      $          2,748  
  Restricted cash                     63                    54                
  Derivative assets                   337                   290               
  Loans and notes receivable (2)                 5,734                 6,702  
  Other financial assets (1)                     2,367                 2,243  
  Total non-current                   $         10,834      $         12,037  

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(1) Other financial assets primarily consist of asset-backed securities and high yield bonds at the partnership's residential mortgage insurer and convertible preferred shares held in the partnership's audience measurement operation.

(2) Loans and notes receivable includes $ 5,014 5,844

  F-40      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 6. ACCOUNTS AND OTHER RECEIVABLE, NET

  (US$ MILLIONS)                     2024                 2023             
 ───────────────────────────────────────────────────────────────────────────
  Current, net (1)                   $         5,178      $         5,558  
  Non-current, net                                                         
  Accounts receivable                449                  202              
  Retainer on customer contract      55                   70               
  Billing rights                     597                  733              
  Total non-current, net             $         1,101      $         1,005  
  Total                              $         6,279      $         6,563  

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(1) Includes a receivable of $ 1,341

Non-current billing rights represent unbilled rights from the partnership’s water and wastewater operation in Brazil from revenues earned from the construction of public concession contracts classified as financial assets, which are recognized when there is an unconditional right to receive cash or other financial assets from the concession authority for the construction services.

The partnership’s construction operation has a retention balance, which comprises