Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 122

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 122
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Financial assets decreased by $805 million to $12,371 million as at December 31, 2024, compared to $13,176 million as at December 31, 2023. The balance comprised marketable securities, loans and notes receivable, derivative assets and other financial assets. The decrease was primarily due to a net reduction in the mortgages receivable at our Australian asset manager and lender as a result of higher loan repayments compared to new loan originations, combined with the impact of foreign exchange and fair value movements on financial assets within our residential mortgage insurer.

  Brookfield Business Partners      81  

The following table presents financial assets by segment as at December 31, 2024 and December 31, 2023:

  (US$ MILLIONS)         Business services      Infrastructure services      Industrials              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────
  December 31, 2024                $11,713                         $253             $404      12,371  
  December 31, 2023                $12,617                         $159             $399      13,176  

Accounts and other receivable, net

Accounts and other receivable, net decreased by $284 million to $6,279 million as at December 31, 2024, compared to $6,563 million as at December 31, 2023. The decrease was primarily due to the disposition of our road fuels operation and the deconsolidation of our payment processing services operation, partially offset by accounts receivable of $1,341 million recorded at our advanced energy storage operation related to tax benefits.

Inventory and other assets

Inventory and other assets increased by $407 million to $5,728 million as at December 31, 2024, compared to $5,321 million as at December 31, 2023. The increase was primarily due to the classification to assets held for sale of the shuttle tanker operation within our offshore oil services and our non-core home finance lending business within our Indian non-bank financial services operation, partially offset by the disposition of our road fuels operation.

Property, plant & equipment and intangible assets

Property, plant & equipment (“ PP& E”) decreased by $2,492 million to $13,232 million as at December 31, 2024, compared to $15,724 million as at December 31, 2023. The decrease was primarily due to regular depreciation expense of $1,