Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 489

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 489
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 amounts that have been earned but held back until the satisfaction of certain conditions specified in the contract. The retention balance included in current accounts and other receivable, net as atDecember 31, 2024 was $ 1202023: $ 120

The following table summarizes the change in the loss allowance for bad debts on accounts and other receivables for the years ended December 31, 2024 and 2023:

  (US$ MILLIONS)                              2024                2023            
 ──────────────────────────────────────────────────────────────────────────────────
  Loss allowance - beginning                  $          204      $          162  
  Add: increase in allowance                  240                 140             
  Deduct: bad debt write-offs                 ( 50)               ( 54)           
  Foreign currency translation and other      ( 46)               ( 44)           
  Loss allowance - ending                     $          348      $          204  

NOTE 7. INVENTORY, NET

  (US$ MILLIONS)                      2024                 2023             
 ────────────────────────────────────────────────────────────────────────────
  Raw materials and consumables       $           809      $         1,066  
  Fuel products (1)                   —                    596              
  Work in progress                    613                  564              
  RTFO certificates (1)               —                    367              
  Finished goods and other (2)        994                            1,072  
  Carrying amount of inventories      $         2,416      $         3,665  

____________________________________

(1) The partnership completed the disposition of its road fuels operation during the third quarter of 2024 and accordingly deconsolidated inventory related to fuel products and RTFO certificates. See Note 9 for additional information.

(2) Finished goods and other primarily comprises finished goods inventory at the partnership’s advanced energy storage operation and engineered components manufacturing operation.

  Brookfield Business Partners      F-41  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022

The following table summarizes the change in the inventory obsolescence provision for the years ended December 31, 2024 and 2023:

  (US$ MILL