Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 275

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 275
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 FVTOCI, net of income tax (expense) benefit of $( 4) million (2023 - nil; 2022 - $( 2) million)                                8                   ( 18)                ( 26)                
  Share of revaluation surplus on equity accounted investments                                                                                                            24                       6                  113                
  Net remeasurement (losses) gains on defined benefit plan                                                                                                                 —                    ( 2)                    1                
  Revaluation surplus, net of income tax (expense) of $( 17) million (2023 –$( 68) million; 2022 – $( 72) million)                                                     ( 39)                     639                  655                
                                                                                                                                                                        ( 7)                     625                  743                
  Total other comprehensive (loss) income                                                                                                                                  $      ( 502)           $      762           $           415  

NOTE 28. OBLIGATIONS, GUARANTEES, CONTINGENCIES AND OTHER

In the normal course of operations, the partnership and its consolidated entities execute agreements that provide for indemnification and guarantees to third parties in transactions such as business dispositions, business acquisitions, sales of assets and sales of services.

Certain of the partnership’s operating subsidiaries have also agreed to indemnify their directors and certain of their officers and employees. The nature of substantially all of the indemnification undertakings prevent the partnership from making a reasonable estimate of the maximum potential amount that it could be required to pay third parties as the agreements do not specify a maximum amount and the amounts are dependent upon the outcome of future contingent events, the nature and likelihood of which cannot be determined at this time. Historically, neither the partnership nor its consolidated subsidiaries have made significant payments under such indemnification agreements.

The partnership and its operating subsidiaries may be contingently liable with respect to litigation and claims that arise from time to time in the normal course of business or otherwise.

At December 31, 2024, the partnership had commitments totaling:

• approximately $ 17

• approximately A$ 142 88

• approximately £ 36 45

During 2013, Brookfield Corporation announced the final close on the $ 4.4 1.3 129

- F-45 -

In April 2016, Brookfield Corporation announced the final close on the $ 9.0 2.3 514

In November 2017, Brookfield Corporation announced the final close on the $ 2.9 400