Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 541

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 541
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  Balance at beginning of the year                    $           4,333      $            700  
  Acquisitions through business combinations (1)      —                                 3,244  
  Additions, net of disposals                         802                    280               
  Non-cash additions, net of disposals                112                    41                
  Fair value adjustments                              135                    87                
  Foreign currency translation                        ( 319)                 ( 19)             
  Balance at end of the year                          $           5,063      $          4,333  

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

Investment properties are measured at fair value on a recurring basis and the effective date of revaluation is December 31, 2024 and 2023. The fair value of our partnership’s investment properties are determined by management of our partnership with due consideration given to relevant market conditions.

Our partnership has classified all assets below under level 3 of the fair value hierarchy. Significant unobservable inputs are utilized when determining the fair value of investment properties. The significant Level 3 inputs include:

  Valuation Technique           Significant Unobservable Inputs                                     Relationship of Unobservable Inputs to Fair Value                                     Mitigating Factors                                                                                                                                                                                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Discounted cash flow (1)      • Future cash flows - primarily driven by net operating income      • Increases (decreases) in future cash flows increase (decrease) fair value           • Increases (decreases) in cash flows tend to be accompanied by increases (decreases) in discount rates that may offset changes in fair value from cash flows                                         
                                • Discount rate                                                     • Increases (decreases) in discount rate decrease (increase) fair value               • Increases (decreases) in discount rates tend to be accompanied by increases (decreases) in cash flows that may offset changes in fair value from discount rates                                     
                                • Investment horizon                                                • Increases (decreases) in the investment horizon decrease (increase) fair value      • Increases (decreases) in the investment horizon tend to be the result of changing cash flow profiles that may result in higher (lower) growth in cash flows prior to stabilizing in the termina...