Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 366

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 366
---
 has significant influence using the equity method, and are recorded as Investments in associates on the Consolidated Statements of Financial Position.

Interests in investments accounted for using the equity method are initially recorded at cost. If the cost of the associate is lower than the proportionate share of the investment’s underlying fair value, our company records a gain on the difference between the cost and the underlying fair values of the identifiable net assets of the associate. If the cost of the associate is greater than our company’s proportionate share of the underlying fair value, goodwill and other adjustments arising from the purchase price allocation relating to the associate is included in the carrying amount of the investment. Subsequent to initial recognition, the carrying value of our company’s interest in an investee is adjusted for our company’s share of comprehensive income or loss and distributions from the investee.

Profits or losses resulting from transactions with an associate are recognized in the consolidated financial statements based on the interests of unrelated investors in the associate.

c)Continuity of Interests

Our company was established on October 3, 2024 by the partnership. On December 24, 2024, the date of the Arrangement, our company acquired an interest in BIHC and consolidated BIHC in its financial statements. As a result of the Arrangement, (i) holders of the exchangeable shares of BIHC, other than Brookfield, received exchangeable shares of our company in exchange for their BIHC exchangeable shares on a one one

To reflect this continuity of interests, these consolidated financial statements provide comparative information of our company for the periods prior to December 24, 2024, as previously reported by BIHC. The economic and accounting impact of contractual relationships created or modified in conjunction with the acquisition of interest in BIHC by our company have been reflected prospectively from the date of the Arrangement and have not been reflected in the results of operations or financial position of our company prior to December 24, 2024, as such items were in fact not created or modified prior thereto. For the period after December 24, 2024, the results are based on the actual results of our company. As the partnership indirectly held all of the class C shares of BIHC prior to December 24, 2024, which was the only class of shares presented as equity, and the partnership indirectly holds all of the class B shares of our company after December 24, 2024, which is the only class of shares presented as equity, net income and equity attributable to