Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 516

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 516
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 access to short-term financing using the private equity funds’ credit facilities to facilitate investments that Brookfield has determined to be in the partnership’s best interests.

In addition, at the time of spin-off of the partnership from Brookfield in 2016, the partnership entered into indemnity agreements with Brookfield that relate to certain contracts that were in place prior to the spin-off. Under these indemnity agreements, Brookfield has agreed to indemnify the partnership for the receipt of payments relating to such contracts.

  F-70      Brookfield Business Partners  

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

(b) Other

The following table summarizes revenues the partnership has earned from transactions with related parties for the years ended December 31, 2024, 2023 and 2022:

                                      Year ended December 31,                                                   
  (US$ MILLIONS)                      2024                                    2023               2022           
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Transactions during the period                                                                                
  Revenues (1)                        $                            1,085      $         923      $         971  

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(1) Includes revenues earned by the partnership's advanced energy storage operation from an associate and revenue generated from construction services earned by the partnership from affiliates of Brookfield.

(2) The partnership corrected its comparative period disclosure for 2023 and 2022 to include revenues of $ 769 712

The following table summarizes balances with related parties as at December 31, 2024 and 2023:

  (US$ MILLIONS)                                                  2024      2023  
 ──────────────────────────────────────────────────────────────────────────────────
  Balances at end of period                                                       
  Accounts and other receivable, net                               521       182  
  Accounts payable and other (1)                                   429       346  
  Non-recourse borrowings in subsidiaries of the partnership       143       146  
  Interest of others in operating subsidiaries                       4         4  

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(1) Includes $ 268 245

NOTE 27. DERIVATIVE FINANCIAL INSTRUMENTS

The partnership’s activities expose it to a