Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 535

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 535
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 14)  
  Changes that relate to future service:                                                                                                                                                                              
  Contracts initially recognized in the period                                                                  ( 306)               117                           189                                             —  
  Changes in estimates that adjust the contractual service margin                                                ( 21)               ( 202)                        223                                             —  
  Changes that relate to past services:                                                                                                                                                                               
  Adjustments to liabilities for incurred claims                                                                     6               4                             —                                              10  
  Insurance finance (income)/expenses                                                                               22               46                            28                                             96  
  Foreign currency translation                                                                                       8               11                            23                                             42  
                                                                                                                ( 305)               ( 106)                        105                                        ( 306)  
  Cash flows:                                                                                                                                                                                                         
  Premiums received                                                                                                454               —                             —                                             454  
  Claims and other insurance service expenses paid                                                               ( 55)               —                             —                                           ( 55)  
  Insurance contract acquisition cash flows                                                                      ( 61)               —                             —                                           ( 61)  
  Insurance contract liabilities, as at December 31, 2023                                                            $      385      $                    479      $                               1,070           $  

NOTE 33. SUBSEQUENT EVENTS

(a) Distribution

On January 30, 2025, the Board of Directors declared a quarterly distribution in the amount of $ 0.0625.

(b) Sale of shuttle tanker operation at offshore oil services

On January 16, 2025, the partnership’s offshore oil services completed the sale of its shuttle tanker operation for consideration of approximately $ 484

(c) Acquisition of Chemelex

On January 30, 2025, the partnership, together with institutional partners, completed the acquisition of Chemelex, a leading manufacturer of electric heat tracing systems, through a carve-out from a larger industrial company for a total consideration of approximately $ 1.7 830 860 25

Due to the recent closing of the acquisition, the complete valuation and initial purchase price accounting for the business combination are not available as at the date of release of these consolidated financial statements. As a result, the partnership has not provided amounts recognized as at the acquisition date for certain major classes of assets acquired and liabilities assumed.

  F-90      Brookfield Business Partners  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31,