XML 42 R22.htm IDEA: XBRL DOCUMENT
v3.20.4

INVESTMENT PROPERTIES | 12 Months Ended
--- | ---
Dec. 31, 2020
Investment property [abstract] |
INVESTMENT PROPERTIES | INVESTMENT PROPERTIES The following table presents the carrying amount for Brookfield Infrastructure’s investment properties:
US$ MILLIONS | 2020 |  | 2019
Balance at beginning of the year | $ | 416 |  |  | $ | 190 |
Acquisitions through business combinations(1) | — |  |  | 211 |
Additions, net of disposals | 3 |  |  | 2 |
Non-cash additions | — |  |  | 5 |
Fair value adjustments | 68 |  |  | — |
Foreign currency translation | 31 |  |  | 8 |
Balance at end of the year | $ | 518 |  |  | $ | 416 |
(1)See Note 6, Acquisition of Businesses, for additional information. Investment properties are measured at fair value on a recurring basis and the effective date of revaluation is December 31, 2020 and 2019. The fair value of our partnership’s investment properties are determined by management of our partnership with due consideration given to other relevant market conditions. The following table summarizes the valuation techniques and significant inputs for Brookfield Infrastructure’s investment property. Our partnership has classified all assets below under level 3 of the fair value hierarchy:
Segment |  | Valuation technique |  | Significant unobservable inputs |  | Range of inputs
Transport |  | Direct Income Capitalization |  | Capitalization Rate |  | 6% to 14%
Data |  | Direct Income Capitalization |  | Capitalization Rate |  | 6% to 8%
An increase in the capitalization rate would lead to a decrease in the fair value of investment property, with the opposite impact for a decrease in the capitalization rate.

X
- Definition The entire disclosure for investment property. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=40&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IAS40_g74-79_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfInvestmentPropertyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_InvestmentPropertyAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration