XML 76 R55.htm IDEA: XBRL DOCUMENT v3.19.2
SEGMENTED INFORMATION - Summary of Operating Results by Segment (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Disclosure of operating segments [line items]          
Revenues $ 787 $ 735 $ 1,612 $ 1,528  
Other income 17 10 25 19  
Direct operating costs (252) (247) (506) (503)  
Share of Adjusted EBITDA from equity accounted investments 0 6 32 6  
Management service costs (23) (21) (44) (42)  
Interest expense - borrowings (178) (178) (351) (358)  
Current income taxes (15) (7) (39) (14)  
Depreciation (200) (206) (400) (419)  
Foreign exchange and unrealized financial instrument loss (12) (33) (30) (25)  
Deferred income tax expense 14 4 34 13  
Other (1) (10) (3) (54)  
Share of earning from equity-accounted investments 0 6 32 6  
Property, plant and equipment 29,317   29,317   $ 29,025
Total assets 34,406   34,406   34,103
Borrowings 10,836   10,836   10,718
Participating non-controlling interests - in operating subsidiaries          
Disclosure of operating segments [line items]          
Net loss attributable to non-controlling interests     168   297
Brazil          
Disclosure of operating segments [line items]          
Revenues 99 106 199 209  
Europe          
Disclosure of operating segments [line items]          
Revenues 27 24 69 68  
Colombia          
Disclosure of operating segments [line items]          
Revenues 231 219 488 442  
Other          
Disclosure of operating segments [line items]          
Revenues 39 44 79 88  
Attributable to Unitholders          
Disclosure of operating segments [line items]          
Revenues 553 473 1,106 972  
Other income 14 8 21 14  
Direct operating costs (167) (157) (332) (311)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 400 324 795 675  
Management service costs (23) (21) (44) (42)  
Interest expense - borrowings (119) (110) (240) (226)  
Current income taxes (10) (5) (20) (10)  
Preferred limited partners equity (11) (10) (21) (19)  
Preferred equity (7) (6) (13) (13)  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 230 172 457 365  
Depreciation (163) (149) (320) (300)  
Foreign exchange and unrealized financial instrument loss (13) 1 (31) 8  
Deferred income tax expense (10) 4 14 (3)  
Other (27) (30) (60) (64)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 17 (2) 60 6  
Property, plant and equipment 20,430   20,430   20,728
Total assets 22,328   22,328   22,583
Borrowings 8,715   8,715   8,989
Attributable to Unitholders | Hydro | North America          
Disclosure of operating segments [line items]          
Revenues 275 228 539 489  
Other income 8 5 9 5  
Direct operating costs (72) (68) (142) (138)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 211 165 406 356  
Management service costs 0 0 0 0  
Interest expense - borrowings (39) (40) (80) (84)  
Current income taxes (4) (2) (6) (3)  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 168 123 320 269  
Depreciation (56) (56) (111) (113)  
Foreign exchange and unrealized financial instrument loss 1 (1) 3 1  
Deferred income tax expense (23) (2) (40) (6)  
Other (11) (8) (26) (18)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 79 56 146 133  
Property, plant and equipment 11,150   11,150   11,498
Total assets 11,874   11,874   12,125
Borrowings 3,014   3,014   2,995
Attributable to Unitholders | Hydro | Brazil          
Disclosure of operating segments [line items]          
Revenues 58 63 123 132  
Other income 2 1 3 2  
Direct operating costs (18) (20) (35) (39)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 42 44 91 95  
Management service costs 0 0 0 0  
Interest expense - borrowings (6) (5) (12) (12)  
Current income taxes (3) (2) (6) (5)  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 33 37 73 78  
Depreciation (22) (33) (44) (71)  
Foreign exchange and unrealized financial instrument loss 4 (1) 3 (1)  
Deferred income tax expense 1 1 2 1  
Other 0 (2) (1) (4)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 16 2 33 3  
Property, plant and equipment 1,900   1,900   1,907
Total assets 2,075   2,075   2,105
Borrowings 197   197   198
Attributable to Unitholders | Hydro | Colombia          
Disclosure of operating segments [line items]          
Revenues 56 53 118 106  
Other income 0 0 0 1  
Direct operating costs (21) (22) (45) (45)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 35 31 73 62  
Management service costs 0 0 0 0  
Interest expense - borrowings (8) (10) (16) (20)  
Current income taxes (2) 0 (6) 0  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 25 21 51 42  
Depreciation (5) (5) (10) (10)  
Foreign exchange and unrealized financial instrument loss (1) 4 (1) 1  
Deferred income tax expense (2) (2) (4) (3)  
Other 0 0 1 0  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 17 18 37 30  
Property, plant and equipment 1,634   1,634   1,609
Total assets 1,926   1,926   1,868
Borrowings 482   482   419
Attributable to Unitholders | Wind | North America          
Disclosure of operating segments [line items]          
Revenues 58 54 121 108  
Other income 0 0 2 1  
Direct operating costs (18) (16) (35) (30)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 40 38 88 79  
Management service costs 0 0 0 0  
Interest expense - borrowings (16) (14) (35) (28)  
Current income taxes (1) 0 (1) (1)  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 23 24 52 50  
Depreciation (39) (29) (79) (55)  
Foreign exchange and unrealized financial instrument loss (1) 3 (1) 3  
Deferred income tax expense 1 1 17 (5)  
Other (6) (5) (7) (5)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders (22) (6) (18) (12)  
Property, plant and equipment 2,495   2,495   2,480
Total assets 2,613   2,613   2,554
Borrowings 1,218   1,218   1,210
Attributable to Unitholders | Wind | Brazil          
Disclosure of operating segments [line items]          
Revenues 9 10 16 18  
Other income 0 0 0 0  
Direct operating costs (3) (2) (5) (5)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 6 8 11 13  
Management service costs 0 0 0 0  
Interest expense - borrowings (2) (2) (4) (4)  
Current income taxes 0 0 (1) 0  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 4 6 6 9  
Depreciation (5) (3) (9) (7)  
Foreign exchange and unrealized financial instrument loss 0 (8) (1) (8)  
Deferred income tax expense 0 0 0 0  
Other 5 0 5 0  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 4 (5) 1 (6)  
Property, plant and equipment 345   345   348
Total assets 365   365   379
Borrowings 75   75   75
Attributable to Unitholders | Wind | Europe          
Disclosure of operating segments [line items]          
Revenues 22 12 50 29  
Other income 1 1 1 1  
Direct operating costs (8) (6) (16) (12)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 15 7 35 18  
Management service costs 0 0 0 0  
Interest expense - borrowings (4) (3) (7) (6)  
Current income taxes 0 (1) 0 (1)  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 11 3 28 11  
Depreciation (13) (9) (23) (17)  
Foreign exchange and unrealized financial instrument loss (8) 6 (9) 5  
Deferred income tax expense 1 1 6 1  
Other (2) (3) (2) (3)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders (11) (2) 0 (3)  
Property, plant and equipment 803   803   819
Total assets 919   919   939
Borrowings 410   410   463
Attributable to Unitholders | Wind | Asia          
Disclosure of operating segments [line items]          
Revenues 3 3 5 5  
Other income 0 0 0 0  
Direct operating costs (1) (1) (2) (2)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 2 2 3 3  
Management service costs 0 0 0 0  
Interest expense - borrowings (1) (1) (1) (2)  
Current income taxes 0 0 0 0  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 1 1 2 1  
Depreciation (1) (1) (2) (2)  
Foreign exchange and unrealized financial instrument loss 0 (3) 0 (1)  
Deferred income tax expense 0 0 (1) 0  
Other 2 0 2 (2)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 2 (3) 1 (4)  
Property, plant and equipment 72   72   36
Total assets 95   95   56
Borrowings 67   67   31
Attributable to Unitholders | Solar          
Disclosure of operating segments [line items]          
Revenues 51 30 89 48  
Other income 1 1 2 3  
Direct operating costs (10) (6) (17) (10)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 42 25 74 41  
Management service costs 0 0 0 0  
Interest expense - borrowings (15) (9) (29) (15)  
Current income taxes 0 0 0 0  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 27 16 45 26  
Depreciation (15) (7) (28) (13)  
Foreign exchange and unrealized financial instrument loss 4 (4) 4 (3)  
Deferred income tax expense 0 1 16 0  
Other (12) (4) (24) (10)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 4 2 13 0  
Attributable to Unitholders | Storage and Other          
Disclosure of operating segments [line items]          
Revenues 21 20 45 37  
Other income 0 0 0 0  
Direct operating costs (11) (10) (24) (18)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA 10 10 21 19  
Management service costs 0 0 0 0  
Interest expense - borrowings (3) (3) (7) (7)  
Current income taxes 0 0 0 0  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 7 7 14 12  
Depreciation (6) (6) (12) (12)  
Foreign exchange and unrealized financial instrument loss 0 0 (1) (2)  
Deferred income tax expense 0 0 0 0  
Other 0 0 0 (9)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 1 1 1 (11)  
Property, plant and equipment 682   682   686
Total assets 742   742   746
Borrowings 237   237   249
Attributable to Unitholders | Corporate          
Disclosure of operating segments [line items]          
Revenues 0 0 0 0  
Other income 2 0 4 1  
Direct operating costs (5) (6) (11) (12)  
Share of Adjusted EBITDA from equity accounted investments 0 0 0 0  
Adjusted EBITDA (3) (6) (7) (11)  
Management service costs (23) (21) (44) (42)  
Interest expense - borrowings (25) (23) (49) (48)  
Current income taxes 0 0 0 0  
Preferred limited partners equity (11) (10) (21) (19)  
Preferred equity (7) (6) (13) (13)  
Share of interest and cash taxes from equity accounted investments 0 0 0 0  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations (69) (66) (134) (133)  
Depreciation (1) 0 (2) 0  
Foreign exchange and unrealized financial instrument loss (12) 5 (28) 13  
Deferred income tax expense 12 4 18 9  
Other (3) (8) (8) (13)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders (73) (65) (154) (124)  
Property, plant and equipment 0   0   (9)
Total assets 138   138   161
Borrowings 2,002   2,002   2,328
Contribution from equity accounted investments          
Disclosure of operating segments [line items]          
Revenues (98) (58) (189) (97)  
Other income (2) (2) (6) (4)  
Direct operating costs 27 19 56 32  
Share of Adjusted EBITDA from equity accounted investments 73 41 139 69  
Adjusted EBITDA 0 0 0 0  
Management service costs 0 0 0 0  
Interest expense - borrowings 26 16 50 25  
Current income taxes 0 1 1 1  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments (26) (17) (51) (26)  
Share of Funds From Operations attributable to non-controlling interests 0 0 0 0  
Funds From Operations 0 0 0 0  
Depreciation 36 17 69 29  
Foreign exchange and unrealized financial instrument loss 4 (6) 5 (6)  
Deferred income tax expense (1) (3) (36) (1)  
Other 8 10 21 17  
Share of earnings from equity accounted investments (47) (18) (59) (39)  
Net loss attributable to non-controlling interests 0 0 0 0  
Net income (loss) attributable to Unitholders 0 0 0 0  
Property, plant and equipment (3,534)   (3,534)   (3,529)
Total assets (2,474)   (2,474)   (2,483)
Borrowings (1,933)   (1,933)   (1,972)
Attributable to non- controlling interests          
Disclosure of operating segments [line items]          
Revenues 332 320 695 653  
Other income 5 4 10 9  
Direct operating costs (112) (109) (230) (224)  
Share of Adjusted EBITDA from equity accounted investments 5 4 12 12  
Adjusted EBITDA 230 219 487 450  
Management service costs 0 0 0 0  
Interest expense - borrowings (85) (84) (161) (157)  
Current income taxes (5) (3) (20) (5)  
Preferred limited partners equity 0 0 0 0  
Preferred equity 0 0 0 0  
Share of interest and cash taxes from equity accounted investments (5) (4) (9) (10)  
Share of Funds From Operations attributable to non-controlling interests (135) (128) (297) (278)  
Funds From Operations 0 0 0 0  
Depreciation (73) (74) (149) (148)  
Foreign exchange and unrealized financial instrument loss (3) (28) (4) (27)  
Deferred income tax expense (3) (5) (12) (9)  
Other 18 10 36 (7)  
Share of earnings from equity accounted investments 0 0 0 0  
Net loss attributable to non-controlling interests 61 97 129 191  
Net income (loss) attributable to Unitholders 0 0 0 0  
Property, plant and equipment 12,421   12,421   11,826
Total assets 14,552   14,552   14,003
Borrowings 4,054   4,054   $ 3,701
As per IFRS financials          
Disclosure of operating segments [line items]          
Revenues 787 735 1,612 1,528  
Other income 17 10 25 19  
Direct operating costs (252) (247) (506) (503)  
Share of Adjusted EBITDA from equity accounted investments 78 45 151 81  
Adjusted EBITDA        
Management service costs (23) (21) (44) (42)  
Interest expense - borrowings (178) (178) (351) (358)  
Current income taxes (15) (7) (39) (14)  
Preferred limited partners equity (11) (10) (21) (19)  
Preferred equity (7) (6) (13) (13)  
Share of interest and cash taxes from equity accounted investments (31) (21) (60) (36)  
Share of Funds From Operations attributable to non-controlling interests (135) (128) (297) (278)  
Depreciation (200) (206) (400) (419)  
Foreign exchange and unrealized financial instrument loss (12) (33) (30) (25)  
Deferred income tax expense (14) (4) (34) (13)  
Other (1) (10) (3) (54)  
Share of earnings from equity accounted investments (47) (18) (59) (39)  
Net loss attributable to non-controlling interests 61 97 129 191  
Net income (loss) attributable to Unitholders 17 (2) 60 6  
Share of earning from equity-accounted investments 0 6 32 6  
As per IFRS financials | Participating non-controlling interests - in operating subsidiaries          
Disclosure of operating segments [line items]          
Net loss attributable to non-controlling interests $ 74 $ 31 $ 168 $ 87