XML 44 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
NON-WHOLLY OWNED SUBSIDIARIES
 12 Months Ended
Dec. 31, 2017
Interests In Other Entities [Abstract]  
NON-WHOLLY OWNED SUBSIDIARIES
SUBSIDIARIES
The following provides information about our partnership’s wholly-owned subsidiaries as of December 31, 2017 and 2016:
 
 
 
 
 
 
Ownership
interest (%)
 
 
 
 
Country of
incorporation
 
Defined Name
 
Name of entity
 
2017
 
2016
Transport
 
 
 
 
 
 
 
 
Australian rail operation
 
Arc Infrastructure Holdings No. 1 Pty Ltd
 
Australia
 
100
 
100
Energy
 
 
 
 
 
 
 
 
Australian energy distribution operation
 
Tas Gas Networks Pty Ltd
 
Australia
 
100
 
100
The following table presents details of non-wholly owned subsidiaries of our partnership:
 
 
 
 
 
 
Ownership
Interest (%)
 
Voting
interest (%)
 
 
 
 
Country of
incorporation
 
Defined Name
 
Name of entity
 
2017
 
2016
 
2017
 
2016
Utilities
 
 
 
 
 
 
 
 
 
 
 
 
U.K. regulated distribution operation
 
BUUK Infrastructure Holdings Limited
 
U.K.
 
80
 
80
 
80
 
80
Australian regulated terminal operation
 
DBCT Management Pty Ltd(1)
 
Australia
 
71
 
71
 
100
 
100
Colombian regulated distribution operation
 
Empresa de Energia de Boyaca S.A.(1)
 
Colombia
 
17
 
17
 
100
 
100
Brazilian regulated gas transmission operation
 
Nova Transportadora do Sudeste
S.A. (1),(2)
 
Brazil
 
28
 
—
 
90
 
—
Transport
 
 
 
 
 
 
 
 
 
 
 
 
U.K. ports operation
 
Brookfield Port Acquisitions (UK) Limited(1)
 
U.K.
 
59
 
59
 
100
 
100
Australian ports operation
 
Linx Cargo Care Group Pty Ltd(1),(3)
 
Australia
 
27
 
27
 
67
 
67
Chilean toll roads
 
Sociedad Concesionaria Vespucio Norte Express S.A.(1)
 
Chile
 
51
 
51
 
89
 
89
Indian toll roads
 
BIF India Holdings Pte Ltd(1),(4)
 
Singapore
 
40
 
40
 
93
 
93
Peruvian toll roads
 
Rutas de Lima S.A.C(1),(5)
 
Peru
 
17
 
17
 
57
 
57
Energy
 
 
 
 
 
 
 
 
 
 
 
 
North American gas storage operation(6)
 
Warwick Gas Storage L.P.(1)
 
Canada
 
25
 
25
 
100
 
100
Canadian district energy operation
 
Enwave Energy Corporation(1)
 
Canada
 
25
 
25
 
100
 
100
U.S. district energy operation
 
Enwave USA(1)
 
U.S.
 
40
 
40
 
100
 
100
North American gas storage operation(6)
 
Lodi Gas Storage(1)
 
U.S.
 
40
 
40
 
100
 
100
North American gas storage operation(6)
 
Rockpoint Gas Storage Partners 
L.P.(1),(7)
 
U.S.
 
40
 
40
 
100
 
100
Corporate & Other
 
 
 
 
 
 
 
 
 
 
 
 
Holding LP
 
Brookfield Infrastructure L.P.
 
Bermuda
 
70
 
70
 
100
 
100
 
(1)
For the above noted subsidiaries, our partnership has entered into voting arrangements to provide our partnership with the ability to direct the relevant activities of the investee. Our partnership controls these investees given that our partnership is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Our partnership exercises judgment to determine the level of variability that will achieve control over an investee, particularly in circumstances where our partnership’s voting interest differs from its ownership interest in an investee. The following were considered to determine whether our partnership controls these investees: the degree of power (if any) held by other investors, the degree of exposure to variability of each investor, the determination of whether any general partner removal rights are substantive and the purpose and design of the investee.
(2)
In April 2017, Brookfield Infrastructure, alongside institutional partners and a Brookfield-sponsored infrastructure fund (the “consortium”), acquired an effective 28% interest in Nova Transportadora do Sudeste S.A. (“NTS”), a Brazilian regulated gas transmission business, for total consideration of $1.6 billion.
(3)
In August 2016, Brookfield Infrastructure expanded its ports business to Australia as it acquired a 27% interest in Linx Cargo Care Group Pty Ltd through a Brookfield-sponsored infrastructure fund, along with institutional partners (the “Brookfield Consortium”) for total consideration of $145 million.
(4)
In March 2016, Brookfield Infrastructure acquired a 40% interest in a toll road business in India from Gammon Infrastructure Projects Limited for consideration of $42 million through a Brookfield-sponsored infrastructure fund.
(5)
In June 2016, Brookfield Infrastructure acquired a 17% interest in Rutas de Lima S.A.C. for total consideration of $127 million through a Brookfield-sponsored infrastructure fund.
(6)
North American gas storage operations include Warwick Gas Storage L.P., Lodi Gas Storage and Rockpoint Gas Storage Partners L.P.
(7)
In July 2016, Brookfield Infrastructure acquired a 40% interest in Rockpoint Gas Storage Partners L.P. for consideration of $227 million through a Brookfield-sponsored infrastructure fund.
NON-WHOLLY OWNED SUBSIDIARIES
The following tables present summarized accounts for non-wholly owned subsidiaries on the Consolidated Statement of Financial Position:
 
 
As of December 31, 2017
US$ MILLIONS
 
Current
Assets
 
Non-Current
Assets
 
Current
Liabilities
 
Non-Current
Liabilities
 
Non-Controlling
Interest in
Operating
Subsidiaries
 
Partnership
Capital(1)
Utilities
 
 
 
 
 
 
 
 
 
 
 
 
U.K. regulated distribution
 
$
107

 
$
3,550

 
$
281

 
$
2,261

 
$
217

 
$
898

Australian regulated terminal
 
38

 
2,229

 
34

 
2,035

 
62

 
136

Colombian regulated distribution
 
68

 
764

 
26

 
438

 
302

 
66

Brazilian regulated gas transmission operation
 
322

 
5,990

 
73

 
2,015

 
3,081

 
1,143

Transport
 
 
 
 
 
 
 
 
 
 
 
 
U.K. port operation
 
44

 
880

 
133

 
353

 
179

 
259

Australian port operation
 
163

 
628

 
101

 
218

 
346

 
126

Chilean toll roads
 
84

 
1,116

 
59

 
989

 
75

 
77

Peruvian toll roads
 
101

 
1,356

 
18

 
674

 
644

 
121

Indian toll roads
 
58

 
256

 
30

 
185

 
60

 
39

Energy
 
 
 
 
 
 
 
 
 
 
 
 
North American gas storage operation
 
206

 
1,259

 
244

 
409

 
502

 
310

Canadian district energy operation
 
75

 
699

 
55

 
394

 
243

 
82

U.S. district energy operation
 
37

 
799

 
19

 
668

 
78

 
71

Corporate & Other
 
 
 
 
 
 
 
 
 
 
 
 
Holding LP and other
 
127

 
244

 
392

 
2,060

 
84

 
(2,165
)
Total
 
$
1,430

 
$
19,770

 
$
1,465

 
$
12,699

 
$
5,873

 
$
1,163

 
(1)
Attributable to non-controlling interest—Redeemable Partnership Units held by Brookfield, general partner and limited partners.
 
 
As of December 31, 2016
US$ MILLIONS
 
Current
Assets
 
Non-Current
Assets
 
Current
Liabilities
 
Non-Current
Liabilities
 
Non-Controlling
Interest in
Operating
Subsidiaries
 
Partnership
Capital(1)
Utilities
 
 
 
 
 
 
 
 
 
 
 
 
U.K. regulated distribution
 
$
65

 
$
2,985

 
$
154

 
$
1,919

 
$
183

 
$
794

Australian regulated terminal
 
27

 
2,162

 
(9
)
 
1,926

 
70

 
202

Colombian regulated distribution
 
55

 
701

 
27

 
369

 
294

 
66

Transport
 
 
 
 
 
 
 
 
 
 
 
 
U.K. port operation
 
42

 
754

 
108

 
324

 
150

 
214

Australian port operation
 
142

 
587

 
94

 
205

 
315

 
115

Chilean toll roads
 
102

 
1,069

 
50

 
941

 
89

 
91

Brazilian toll roads
 
42

 
466

 
27

 
—

 
189

 
292

Peruvian toll roads
 
127

 
1,261

 
27

 
635

 
610

 
116

Indian toll roads
 
52

 
264

 
36

 
186

 
58

 
36

Energy
 
 
 
 
 
 
 
 
 
 
 
 
North American gas storage
 
199

 
1,141

 
136

 
478

 
452

 
274

Canadian district energy operation
 
15

 
570

 
13

 
290

 
209

 
73

U.S. district energy operation
 
43

 
697

 
62

 
537

 
73

 
68

Corporate & Other
 
 
 
 
 
 
 
 
 
 
 
 
Holding LP and other
 
631

 
377

 
677

 
810

 
79

 
(558
)
Total
 
$
1,542

 
$
13,034

 
$
1,402

 
$
8,620

 
$
2,771

 
$
1,783

 
(1)
Attributable to non-controlling interest—Redeemable Partnership Units held by Brookfield, general partner and limited partners.
The following tables present summarized accounts for non-wholly owned subsidiaries on the Consolidated Statement of Operating Results:
 
 
Year ended December 31, 2017
 
 
 
 
Attributable to non-controlling interest
 
Attributable to
unitholders
US$ MILLIONS
 
Revenue
 
Net
Income
(loss)
 
Other
Comprehensive
Income (loss)
 
Net
Income
(loss)
 
Other
Comprehensive
Income (loss)
Utilities
 
 
 
 
 
 
 
 
 
 
U.K. regulated distribution operation
 
$
385

 
$
21

 
$
29

 
$
114

 
$
118

Australian regulated terminal operation
 
301

 
15

 
3

 
35

 
7

Colombian regulated distribution operation
 
161

 
12

 
38

 
2

 
7

Brazilian regulated gas transmission operation
 
938

 
349

 
(160
)
 
146

 
(72
)
Transport
 
 
 
 
 
 
 
 
 
 
U.K. port operation
 
180

 
8

 
21

 
22

 
29

Australian port operation
 
501

 
(7
)
 
28

 
(3
)
 
9

Chilean toll roads
 
154

 
—

 
7

 
—

 
8

Peruvian toll roads
 
103

 
12

 
22

 
2

 
5

Indian toll roads
 
57

 
(2
)
 
4

 
(1
)
 
3

Energy
 
 
 
 
 
 
 
 
 
 
North American gas storage operation
 
149

 
30

 
74

 
18

 
47

Canadian district energy operation
 
95

 
(2
)
 
39

 
—

 
13

U.S. district energy operation
 
131

 
10

 
40

 
7

 
26

Corporate & Other
 
 
 
 
 
 
 
 
 
 
Holding LP and other
 
22

 
(3
)
 
1

 
(349
)
 
(410
)
Total
 
$
3,177

 
$
443

 
$
146

 
$
(7
)
 
$
(210
)
 
 
Year ended December 31, 2016
 
 
 
 
Attributable to non-controlling interest
 
Attributable to
unitholders
US$ MILLIONS
 
Revenue
 
Net
Income
(loss)
 
Other
Comprehensive
Income (loss)
 
Net
Income
(loss)
 
Other
Comprehensive
Income (loss)
Utilities
 
 
 
 
 
 
 
 
 
 
U.K. regulated distribution operation
 
$
347

 
$
12

 
$
(14
)
 
$
79

 
$
(55
)
Australian regulated terminal operation
 
299

 
15

 
(5
)
 
46

 
(12
)
Colombian regulated distribution operation
 
150

 
10

 
45

 
2

 
10

Transport
 
 
 
 
 
 
 
 
 
 
U.K. port operation
 
178

 
11

 
(37
)
 
20

 
(52
)
Australian port operation
 
182

 
(18
)
 
(24
)
 
(7
)
 
(8
)
Chilean toll roads
 
127

 
(9
)
 
7

 
(10
)
 
8

Brazilian toll roads
 
—

 
6

 
38

 
5

 
25

Peruvian toll roads
 
97

 
(8
)
 
(7
)
 
(2
)
 
(1
)
Indian toll roads
 
39

 
(3
)
 
1

 
(3
)
 
—

Energy
 
 
 
 
 
 
 
 
 
 
North American gas storage operation
 
100

 
1

 
—

 
1

 
—

Canadian district energy operation
 
79

 
(1
)
 
31

 
1

 
11

U.S. district energy operation
 
111

 
(6
)
 
31

 
—

 
20

Corporate & Other
 
 
 
 
 
 
 
 
 
 
Holding LP and other
 
15

 
31

 
1

 
31

 
180

Total
 
$
1,724

 
$
41

 
$
67

 
$
163

 
$
126

 
 
Year ended December 31, 2015
 
 
 
 
Attributable to non-controlling interest
 
Attributable to
unitholders
US$ MILLIONS
 
Revenue
 
Net
Income
 
Other
Comprehensive
Income (loss)
 
Net
Income
(loss)
 
Other
Comprehensive
Income (loss)
Utilities
 
 
 
 
 
 
 
 
 
 
U.K. regulated distribution operation
 
$
339

 
$
21

 
$
25

 
$
122

 
$
101

Australian regulated terminal operation
 
330

 
15

 
(4
)
 
68

 
(9
)
Colombian regulated distribution operation
 
152

 
13

 
(26
)
 
16

 
(9
)
Transport
 
 
 
 
 
 
 
 
 
 
U.K. port operation
 
220

 
7

 
13

 
22

 
18

Chilean toll roads
 
113

 
(7
)
 
(20
)
 
(15
)
 
(21
)
Energy
 
 
 
 
 
 
 
 
 
 
North American gas storage operation
 
20

 
(8
)
 
5

 
(12
)
 
1

Canadian district energy operation
 
80

 
—

 
6

 
—

 
2

U.S. district energy operation
 
114

 
(6
)
 
8

 
(3
)
 
5

Corporate & Other
 
 
 
 
 
 
 
 
 
 
Holding LP and other
 
21

 
55

 
(90
)
 
5

 
(32
)
Total
 
$
1,389

 
$
90

 
$
(83
)
 
$
203

 
$
56

The following tables present summarized accounts for non-wholly owned subsidiaries on the Consolidated Statement of Cash Flows:
 
 
Cash Flow Activities
 
 
Year ended December 31, 2017
 
Year ended December 31, 2016
US$ MILLIONS
 
Operating
 
Investing
 
Financing
 
Operating
 
Investing
 
Financing
Utilities
 
 
 
 
 
 
 
 
 
 
 
 
U.K. regulated distribution operation
 
$
220

 
$
(343
)
 
$
129

 
$
244

 
$
(487
)
 
$
245

Australian regulated terminal operation
 
96

 
(9
)
 
(87
)
 
128

 
(22
)
 
(106
)
Colombian regulated distribution operation
 
7

 
(22
)
 
26

 
17

 
(18
)
 
—

Brazilian regulated gas transmission operation
 
819

 
83

 
(839
)
 
—

 
—

 
—

Transport
 
 
 
 
 
 
 
 
 
 
 
 
U.K. port operation
 
46

 
(40
)
 
(10
)
 
33

 
(24
)
 
(14
)
Australian port operation
 
37

 
(39
)
 
12

 
7

 
(99
)
 
154

Chilean toll roads
 
56

 
(5
)
 
(88
)
 
63

 
(1
)
 
(99
)
Brazilian toll roads
 
—

 
—

 
—

 
2

 
(70
)
 
70

Peruvian toll roads
 
46

 
(67
)
 
—

 
29

 
25

 
1

Indian toll roads
 
30

 
(7
)
 
(22
)
 
(7
)
 
28

 
(10
)
Energy
 
 
 
 
 
 
 
 
 
 
 
 
North American gas storage operation
 
55

 
(9
)
 
(76
)
 
(12
)
 
6

 
46

Canadian district energy operation
 
26

 
(82
)
 
102

 
27

 
(18
)
 
(13
)
U.S. district energy operation
 
24

 
8

 
(28
)
 
26

 
(33
)
 
9

Corporate & Other
 
 
 
 
 
 
 
 
 
 
 
 
Holding LP and other
 
(98
)
 
(5,089
)
 
4,721

 
124

 
(282
)
 
618

Total
 
$
1,364

 
$
(5,621
)
 
$
3,840

 
$
681

 
$
(995
)
 
$
901


 
 
Cash Flow Activities
 
 
Year ended December 31, 2015
US$ MILLIONS
 
Operating
 
Investing
 
Financing
Utilities
 
 
 
 
 
 
U.K. regulated distribution operation
 
$
164

 
$
(242
)
 
$
92

Australian regulated terminal operation
 
103

 
(37
)
 
(67
)
New England electricity transmission operation
 
2

 
—

 
(2
)
Colombian regulated distribution operation
 
16

 
(6
)
 
(7
)
Transport
 
 
 
 
 
 
U.K. port operation
 
19

 
(66
)
 
61

Australian port operation
 
—

 
—

 
—

Chilean toll roads
 
70

 
—

 
(38
)
Energy
 
 
 
 
 
 
North American gas storage operation
 
(3
)
 
(1
)
 
1

Canadian district energy operation
 
22

 
(16
)
 
(23
)
U.S. district energy operation
 
21

 
(13
)
 
(7
)
Corporate & Other
 
 
 
 
 
 
Holding LP and other
 
92

 
(650
)
 
554

Total
 
$
506

 
$
(1,031
)
 
$
564