Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 490

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 490
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IONS)                                    2024               2023           
 ──────────────────────────────────────────────────────────────────────────────────────
  Inventory obsolescence provision - beginning      $          76      $          67  
  Add: increase in provision                        31                 83             
  Deduct: inventory obsolescence write-off          ( 36)              ( 21)          
  Deduct: dispositions                              —                  ( 53)          
  Impact of foreign exchange                        ( 2)               —              
  Inventory obsolescence provision - ending         $          69      $          76  

NOTE 8. ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

The major classes of assets and liabilities of the businesses classified as held for sale as at December 31, 2024 are shown in the table below.

  (US$ MILLIONS)                               2024             
  Cash and cash equivalents                    $           115  
  Accounts receivable and other                352              
  Property, plant and equipment                          1,575  
  Assets classified as held for sale           $         2,042  
  Accounts payable and other                   $           285  
  Non-recourse borrowings                                1,425  
  Liabilities classified as held for sale      $         1,710  

Business services

On September 19, 2024 the partnership’s Indian non-bank financial services operation reached an agreement to sell its non-core home finance lending operation. The sale is expected to be completed within a year from the reporting date, subject to customary closing conditions and regulatory approval.

Infrastructure services

On November 5, 2024, the partnership’s offshore oil services operation reached an agreement to sell its shuttle tanker operation. The partnership completed the sale on January 16, 2025.

  F-42      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

NOTE 9. DISPOSITIONS

(a)Dispositions completed in 2024

Business services

Road fuels operation

During the third quarter of 2024, the partnership completed the sale of its road fuels operation for total consideration of $ 250 483

Payment processing services operation

On September 17, 202