EX-99.4 5 dex994.htm RECONCILIATION OF NET INCOME TO ADJUSTED NET OPERATING INCOME

Reconciliation of Net Income to Adjusted Net Operating Income

Exhibit 99.4

Brookfield Infrastructure Partners L.P.

The following table reconciles net income to adjusted net operating income for the periods indicated:

		Three months ended June 30, 2008								Six months ended June 30, 2008
Millions (except for per unit amounts), unaudited		Total				Per unit				Total				Per unit
Net income		$	2.3			$	0.1			$	7.9			$	0.2
Add back or deduct the following:
Depreciation, depletion and amortization			14.3				0.4				25.2				0.7
Deferred taxes			(4.2	)			(0.1	)			(8.6	)			(0.2	)
Income from predecessor company			—				—				(2.6	)			(0.1	)
Other non-cash items			4.0				0.1				9.9				0.3
Adjusted net operating income		$	16.4			$	0.5			$	31.8			$	0.9

Brookfield Infrastructure Partners L.P.

The following table reconciles net income to adjusted net operating income for the periods indicated:

		Three months ended June 30, 2008								Three months ended June 30, 2007						Six months ended June 30, 2008								Six months ended June 30, 2007
Millions (except for per unit amounts), unaudited		Total				Per unit				Total			Per unit			Total				Per unit				Total			Per unit
Net income		$	2.3			$	0.1			$	1.0		$	0.0		$	7.6			$	0.2			$	6.0		$	0.2
Add back or deduct the following:
Depreciation, depletion and amortization			14.3				0.4				14.1			0.4			27.7				0.7				21.1			0.5
Deferred taxes			(4.2	)			(0.1	)			2.8			0.1			(9.9	)			(0.3	)			3.1			0.1
Other non-cash items			4.0				0.1				—			—			13.7				0.4				—			—
Adjusted net operating income		$	16.4			$	0.5			$	17.9		$	0.5		$	39.1			$	1.0			$	30.2		$	0.8