Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 542

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 542
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,209         $      4,753  

(1) Provisions primarily relate to decommissioning and site restoration liabilities at our Canadian natural gas gathering and processing operation and our Indian telecom tower operation.

Brookfield Infrastructure’s exposure to currency and liquidity risk related to trade and other payables is disclosed in Note 36, Financial Risk Management.

(i) Deferred revenue

Deferred revenue relates primarily to cash contributions from third parties for future natural gas and electricity connections at our U. K. regulated distribution operation, advance customer payments for container leases at our global intermodal logistics operation, to build or upgrade existing network capabilities at our Australian rail operation, for future servicing of customer contracts and protection plans at our North American and European residential decarbonization infrastructure operation, for future servicing of our customers contracts at our U. S. colocation data center operation and to build or upgrade existing networks at our U. K. wireless infrastructure operation. The deferred revenue is recorded on receipt of cash payments and recognized as revenue as services are rendered over the life of the connections arrangements, container lease agreements, contracted track access, contract plans or networks.

Brookfield Infrastructure F-71

  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  

NOTE 19. FINANCIAL LIABILITIES US$ MILLIONS 2024 2023
─────────────────────────────────────────────────────────────────────────────────────
Current:
Deferred consideration $ 80 $ 81
Interest rate swaps 41 87
Foreign currency forward contracts 47 29
Other financial liabilities 80 147
Total current financial liabilities $ 248 $ 344
Non-current:
Interest rate swaps $ 145 $ 267
Deposit payable 4 6
Foreign currency forward contracts 3 22
Other financial liabilities (1) 2,380 2,236
Total non-current financial liabilities $ 2,532 $ 2,531

(1) Other financial liabilities includes $1.7billion of capital contributed by non-controlling shareholders in our Indian telecom tower operation which has been excluded from partnership capital, interest of others in operating subsidiaries, and classified as a liability.

F-72 Brookfield Infrastructure

  BROOKFIELD INFRASTRUCTURE PARTNERS L. P