ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

6 Months Ended

Jun. 30, 2022

Disclosure of detailed information about assets and liabilities classified as held for sale [Abstract]

ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE

In June 2022, Brookfield Infrastructure, alongside institutional partners, agreed to the sale of its Indian toll road operations for total net proceeds of approximately $0.2 billion (Indian toll road consortium of approximately $0.6 billion). As a result, the assets and liabilities of the business were classified as held for sale as at June 30, 2022. In addition, in December 2021, a subsidiary of Brookfield Infrastructure agreed to the sale of its 50% interest in a freehold landlord port in Victoria, Australia. As a result, our net investment in the port, which was previously presented as investments in associates, has been classified as held for sale.

The major classes of assets and liabilities of the businesses classified as held for sale are as follows:


US$ MILLIONS	June 30, 2022
Assets
Cash and cash equivalents	$	30
Accounts receivable and other current assets	80
Current assets	110
Property, plant and equipment	4
Investment in associates(1)	139
Intangible assets	605
Goodwill and other non-current assets	20
Total assets classified as held for sale	$	878

Liabilities
Accounts payable and other liabilities	$	75
Deferred income tax liability	6
Non-recourse borrowings	427
Total liabilities associated with assets held for sale	508
Net assets classified as held for sale	$	370

1. Refer to Note 10, Investments in Associates and Joint Ventures, for further details