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SUBSIDIARY PUBLIC ISSUERS AND FINANCE SUBSIDIARY (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of subsidiaries [abstract]  
Schedule of interests in subsidiaries
The following table presents the details of the company’s subsidiaries with significant non-controlling interests:
 
Jurisdiction of Formation
 
Ownership Interest Held by Non-Controlling Interests1, 2
AS AT DEC. 31
 
2019

 
2018

Brookfield Property Partners L.P. (“BPY”)
Bermuda
 
44.8
%
 
46.2
%
Brookfield Renewable Partners L.P. (“BEP”)
Bermuda
 
39.5
%
 
39.5
%
Brookfield Infrastructure Partners L.P. (“BIP”)
Bermuda
 
70.4
%
 
70.5
%
Brookfield Business Partners L.P. (“BBU”)
Bermuda
 
37.3
%
 
32.0
%
1.
Control and associated voting rights of the limited partnerships (BPY, BEP, BIP and BBU) resides with their respective general partners which are wholly owned subsidiaries of the company. The company’s general partner interest is entitled to earn base management fees and incentive payments in the form of incentive distribution rights or performance fees.
2.
The company’s ownership interest in BPY, BEP, BIP and BBU includes a combination of redemption-exchange units (REUs), Class A limited partnership units, special limited partnership units, general partnership units and units or shares that are exchangeable for units in our listed partnerships, in each subsidiary, where applicable. Each of BPY, BEP, BIP and BBU’s partnership capital includes its Class A limited partnership units whereas REUs and general partnership units are considered non-controlling interests for the respective partnerships. REUs share the same economic attributes in all respects except for the redemption right attached thereto. The REUs and general partnership units participate in earnings and distributions on a per unit basis equivalent to the per unit participation of the Class A limited partnership units of the subsidiary.
The following tables contain summarized financial information of the Corporation, BFI, BFL, BIC and non-guarantor subsidiaries:
AS AT AND FOR THE YEAR ENDED DEC. 31, 2019
(MILLIONS)
The  Corporation1 

 
BFI 

 
BFL

 
BIC

 
Subsidiaries of the Corporation 
Other than BFI, BFL and BIC2 

 
Consolidating 
Adjustments3  

 
The Company 
Consolidated 

Revenues
$
104

 
$
148

 
$
—

 
$
105

 
$
73,310

 
$
(5,841
)
 
$
67,826

Net income attributable to shareholders
2,807

 
40

 
—

 
85

 
3,493

 
(3,618
)
 
2,807

Total assets
70,976

 
5,389

 
—

 
3,520

 
331,698

 
(87,614
)
 
323,969

Total liabilities
35,963

 
3,994

 
—

 
2,239

 
195,586

 
(30,659
)
 
207,123

 
 
 
 
 
 
 
 
 
 
 
 
 
 
AS AT AND FOR THE YEAR ENDED DEC. 31, 2018
(MILLIONS)
The  Corporation1 

 
BFI 

 
BFL

 
BIC

 
Subsidiaries of the Corporation 
Other than BFI, BFL and BIC2 

 
Consolidating 
Adjustments3  

 
The Company 
Consolidated 

Revenues
$
810

 
$
43

 
$
53

 
$
163

 
$
62,984

 
$
(7,282
)
 
$
56,771

Net income attributable to shareholders
3,584

 
(46
)
 
(1
)
 
145

 
4,506

 
(4,604
)
 
3,584

Total assets
59,105

 
4,330

 
13

 
3,296

 
271,534

 
(81,997
)
 
256,281

Total liabilities
29,290

 
2,909

 
6

 
2,198

 
154,458

 
(29,730
)
 
159,131


1.
This column accounts for investments in all subsidiaries of the Corporation under the equity method.
2.
This column accounts for investments in all subsidiaries of the Corporation other than BFI, BFL and BIC on a combined basis.
3.
This column includes the necessary amounts to present the company on a consolidated basis.