Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 335

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 335
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 that are generated by its investments in associates and joint ventures accounted for using the equity method. Amounts attributable to non-controlling interest are calculated based on the economic ownership interest held by non-controlling interests in consolidated subsidiaries, excluding amounts attributable to Unitholders. By adjusting Funds From Operations attributable to non-controlling interest, Brookfield Renewable is able to remove the portion of Funds From Operations earned at non-wholly owned subsidiaries that are not attributable to Brookfield Renewable.

The following table reconciles the per Unit non-IFRS financial measures to the most directly comparable IFRS measures. Basic earnings per LP unit is reconciled to Funds From Operations per Unit, for the three months ended December 31:

                                                       2024                    2023              
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Basic loss per LP unit (1)                           $           (0.06)      $           0.01  
  Depreciation                                         0.39                    0.41              
  Foreign exchange and financial instruments gain      (0.24)                  (0.01)            
  Deferred income tax recovery                         (0.04)                  (0.12)            
  Other (2)                                            0.41                    0.09              
  Funds From Operations per Unit (3)                   $             0.46      $           0.38  

(1) Average LP units outstanding for the three months ended December 31, 2024 were 285.1 million (2023: 287.6 million).

(2) Other corresponds to amounts that are not related to the revenue earning activities and are not normal, recurring cash operating expenses necessary for business operations. Other also includes derivative and other revaluations and settlements, gains or losses on debt extinguishment/modification, transaction costs, legal, provisions, amortization of concession assets and the company’s economic share of foreign currency hedges and other hedges, income earned on financial assets and structured investments in sustainable solutions, monetization of tax attributes at certain development projects and realized disposition gains and losses on assets that we developed and/or did not intend to hold over the long-term that are included in Funds From Operations as well as amounts attributable to holders of Redeemable/Exchangeable partnership units, GP interest and exchangeable shares.

(3) Average Units for the three months ended December 31, 2024 were 663.2 million (2023: 665.7 million), being inclusive of LP units, Rede