INVESTMENTS IN ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2022

Interests In Other Entities [Abstract]

Change in balance of investment

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

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

Disclosure of associates

The following tables present the gross assets and liabilities of our company’s investments in associates:

		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, 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, 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)