Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 524

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 524
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 Total consideration      $803  

Fair value of assets and liabilities acquired (provisional)(1):

  US$ MILLIONS                                                     
  Cash and cash equivalents                          $         14  
  Accounts receivable and other                    140             
  Property, plant and equipment                             2,432  
  Intangible assets                                379             
  Assets held for sale                             270             
  Accounts payable and other liabilities        ( 248)             
  Lease liabilities                           ( 1,331)             
  Liabilities held for sale                      ( 70)             
  Deferred income tax liabilities               ( 229)             
  Net assets acquired                                $      1,357  
  Bargain purchase gain                              $        554  

(1) The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisition to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information in order to assess the fair values of property, plant, and equipment, intangible assets, deferred income taxes and the resulting impact to the bargain purchase gain on the date of the acquisition.

The partnership acquired property, plant and equipment of $ 2.4 0.8 1.3 0.3 0.4

Brookfield Infrastructure F-43

  BROOKFIELD INFRASTRUCTURE PARTNERS L. P.                                                   
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)                                     
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

Supplemental Information

Had the acquisitions of Chimarrão, ATC India, and Cyxtera had been effective January 1, 2024, the revenue and net income of Brookfield Infrastructure would have increased by approximately $ 850 110

In determining the pro-forma revenue and net income attributable to our partnership, management has:

• Calculated depreciation of property, plant and equipment and amortization of intangible assets acquired on the basis of the fair values at the time of the business combination rather than the carrying amounts recognized in the pre-acquisition financial statements and;

• Based borrowing costs on the funding levels, credit ratings and debt and equity position of Brookfield Infrastructure after the business combination.

F-44 Brookfield Infrastructure

  BROOKFIELD INFRASTRUCTURE PARTNERS