Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 265

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 265
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 167             
  Total other non-current assets                  $      5,339                  $      6,170  

(1) Inventory (see Note 11, Accounts Receivable And Other for the current portion) with a carrying value of $ 1.3 1.5

- F-33 -

Securities - FVTPL

Securities - FVTPL primarily consists of the partnership’s investment in the Brookfield Strategic Real Estate Partners (“ BSREP”) III fund, with a carrying value of the financial asset at December 31, 2024 of $ 1,542 1,424 551 551

NOTE 11. ACCOUNTS RECEIVABLE AND OTHER

The components of accounts receivable and other are as follows:

  (US$ Millions)                                                                                            Dec. 31, 2024                 Dec. 31, 2023             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Derivative assets                                                                                                     $        265      $                    299  
  Accounts receivable - net of expected credit loss of $ 50 million (December 31, 2023 - $ 63 million)                730                                    1,355  
  Restricted cash and deposits                                                                                        350                 326                       
  Prepaid expenses                                                                                                    214                 270                       
  Inventory                                                                                                           234                 131                       
  Other current assets (1)                                                                                            288                                    1,102  
  Total accounts receivable and other                                                                                   $      2,081      $                  3,483  

(1) The balance as of December 31, 2023 includes loans secured by a portfolio of 75

NOTE 12. HELD FOR SALE

Non-current assets and groups of assets and liabilities which comprise disposal groups are presented as assets held for sale where the asset or disposal group is available for immediate sale in its present condition, and the sale is highly probable.

The following is a summary of the assets and liabilities that were classified as held for sale as of December 31, 2024 and December 31, 2023:

  (US$ Millions)                                        Dec. 31, 2024                 Dec. 31, 2023             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Investment properties                                 $                  2,920      $                  1,673  
  Property, plant and equipment