EX-99.3 4 exh99_3.htm EXHIBIT 99.3

exh99_3.htm

Exhibit 99.3

Brookfield Infrastructure Partners L.P.
The following table reconciles net income to adjusted net operating income for the periods indicated:
		Three months ended March 31, 2009								Three months ended March 31, 2008
Millions (except for per unit amounts), unaudited		Total				Per unit				Total				Per unit
Net income (loss)		$	(9.0	)		$	(0.23	)		$	5.6			$	0.14
Add back or deduct the following:
Depreciation, depletion and amortization			11.6				0.30				12.2				0.31
Unrealized losses on derivative instruments			1.7				0.04				3.7				0.10
Deferred taxes			(1.6	)			(0.04	)			(2.6	)			(0.06	)
Unrealized loss on investment			6.1				0.16				-				-
Adjusted net operating income		$	8.8			$	0.23			$	18.9			$	0.49