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ACQUISITION OF BUSINESSES (Tables) | 6 Months Ended
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Jun. 30, 2023
Disclosure of detailed information about business combination [abstract] |
Disclosure of detailed information about business combinations | Consideration Transferred:
US$ MILLIONS |
Cash | $ | 1,249 |
Total consideration | $ | 1,249 |
Fair value of assets and liabilities acquired (provisional)(1):
US$ MILLIONS |
Cash and cash equivalents | $ | 205 |
Accounts receivable and other | 827 |
Property, plant and equipment | 118 |
Intangible assets | 2,921 |
Goodwill | 3,271 |
Accounts payable and other liabilities | (797) |
Non-recourse borrowings | (1,006) |
Deferred income tax liabilities | (635) |
Net assets acquired before non-controlling interest | 4,904 |
Non-controlling interest(2) | (3,655) |
Net assets acquired | $ | 1,249 |
1.The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisitions to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of intangible assets, deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions. 2.Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition dates. Consideration Transferred:
US$ MILLIONS |
Cash | $ | 35 |
Pre-existing interest in businesses | 35 |
Total consideration | $ | 70 |
Fair value of assets and liabilities acquired (provisional)(1):
US$ MILLIONS |
Cash and cash equivalents | $ | 36 |
Accounts receivable and other | 9 |
Intangible assets | 477 |
Goodwill | 25 |
Accounts payable and other liabilities | (44) |
Non-recourse borrowings | (192) |
Deferred income tax liabilities | (83) |
Net assets acquired before non-controlling interest | 228 |
Non-controlling interest(2) | (158) |
Net assets acquired | $ | 70 |
1.The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisitions to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of intangible assets, deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions. 2.Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition dates. Consideration Transferred:
US$ MILLIONS |
Cash | $ | 123 |
Equity consideration(1) | 21 |
Contingent consideration | 17 |
Total consideration | $ | 161 |
1. As part of our consideration, we issued shares of the subsidiary which are compound financial instruments. Fair value of assets and liabilities acquired (provisional)(1):
US$ MILLIONS |
Cash and cash equivalents | $ | 6 |
Accounts receivable and other | 24 |
Property, plant and equipment | 161 |
Intangible assets | 302 |
Goodwill | 278 |
Accounts payable and other liabilities | (54) |
Non-recourse borrowings | (51) |
Deferred income tax liabilities | (18) |
Net assets acquired before non-controlling interest | 648 |
Non-controlling interest(2) | (487) |
Net assets acquired | $ | 161 |
1.The fair values of certain acquired assets and liabilities for these operations have been determined on a provisional basis given the proximity of the acquisitions to the reporting date, pending finalization of the determination of the fair values of the acquired assets and liabilities. Our partnership is in the process of obtaining additional information primarily in order to assess the fair values of property, plant and equipment, intangible assets, deferred income taxes and the resulting impact to goodwill as at the date of the acquisitions. 2.Non-controlling interest represents the interest not acquired by Brookfield Infrastructure, measured at fair value at the acquisition dates.

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- Definition The disclosure of detailed information about business combinations. [Refer: Business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2023-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2023-en-r&doctype=Appendix&subtype=B&dita_xref=IFRS03_gB64-B67_TI -URIDate 2023-03-23 + Details
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