XML 63 R42.htm IDEA: XBRL DOCUMENT

INVESTMENTS IN ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2023

Interests In Other Entities [Abstract]

The following table represents the change in balance of investments in associates:


	For the year ended
US$ MILLIONS	Dec. 31, 2023		Dec. 31, 2022
Balance at the beginning of the period	$	428	$	—
Acquisitions	—		455
Share of (losses) earnings for the year	(20)		4
Foreign currency translation & other	25		(25)
Share of other comprehensive (loss) income	(27)		27
Distributions	(3)		(33)
Disposition of interest	(403)		—
Ending Balance	$	—	$	428

Disclosure of associates

The following table presents the gross assets and liabilities of our company’s investments in associates as at December 31, 2022:


		As at December 31, 2022
		Total														Attributable to
US$ MILLIONS	Ownership Interest	Current Assets		Non- Current Assets		Total Assets		Current Liabilities		Non- Current Liabilities		Total Liabilities		Total Net Assets		Other Ownership Interests		Brookfield Infrastructure Partners LP
Australian regulated utility	8%	$	211	$	13,330	$	13,541	$	302	$	7,716	$	8,018	$	5,523	$	5,095	$	428
Total		$	211	$	13,330	$	13,541	$	302	$	7,716	$	8,018	$	5,523	$	5,095	$	428

The following tables present the gross amounts of revenue, net income, other comprehensive income from our company’s investments in associates:


	Year ended December 31, 2023
	Total								Net income attributable to the Partnership(1)
US$ MILLIONS	Revenue		Net Income		OCI		Total Comprehensive Income
Australian regulated utility	$	1,008	$	99	$	(375)	$	(276)	$	(20)
Total	$	1,008	$	99	$	(375)	$	(276)	$	(20)

(1)Our company’s share of net income for the year ended December 31, 2023 includes $28 million of accumulated currency translation losses which were reclassified from accumulated other comprehensive income to the consolidated statement of operating results on disposition of our company’s interest in AusNet.


	Year ended December 31, 2022
	Total								Net income attributable to the Partnership
US$ MILLIONS	Revenue		Net Income(1)		OCI		Total Comprehensive Income
Australian regulated utility	$	1,227	$	57	$	21	$	78	$	4
Total	$	1,227	$	57	$	21	$	78	$	4

(1)Total net income for the year ended December 31, 2022 includes acquisition-related transaction costs of $105 million.

The following tables present the cash flow activities of our company’s investments in associates for the years ended:


	Year ended December 31, 2023
	Total								Attributable to
US$ MILLIONS	Operating		Investing		Financing		Total Cash Flows		Other Ownership Interests		Brookfield Infrastructure Partners LP
Australian regulated utility	$	380	$	(395)	$	1	$	(14)	$	(13)	$	(1)
Total	$	380	$	(395)	$	1	$	(14)	$	(13)	$	(1)


	Year ended December 31, 2022
	Total								Attributable to
US$ MILLIONS	Operating		Investing		Financing		Total Cash Flows		Other Ownership Interests		Brookfield Infrastructure Partners LP
Australian regulated utility	$	427	$	(452)	$	(162)	$	(187)	$	(172)	$	(15)
Total	$	427	$	(452)	$	(162)	$	(187)	$	(172)	$	(15)