FORM 20-F/A Brookfield Property Partners L.P. - Brookfield Asset ...

• fund those capital expenditures deemed mandatory, including tenant improvements;• fund current development costs not covered under construction loans;• fund investing activities which could include discretionary capital expenditures; and• fund property acquisitions.We plan to meet these needs with one or more of the following:• cash flows from operations;• construction loans;• creation of new funds;• proceeds from sales of assets;• proceeds from sale of non-controlling interests in subsidiaries; and• credit facilities and refinancing opportunities.We attempt to maintain a level of liquidity to ensure we are able to react to investment opportunitiesquickly and on a value basis. Our primary sources of liquidity consist of cash and undrawn committed creditfacilities, as well as cash flow from operating activities. In addition, we structure our affairs to facilitatemonetization of longer-duration assets through financings, co-investor participations or refinancings. Ouroperating entities also generate liquidity by accessing capital markets on an opportunistic basis. The followingtable summarizes the various sources of cash flows of our operating entities which supplement our liquidity.(US$ Millions) Three months ended Mar. 31, 2012 2011Cash flow from operating activities $ 211 $ 163Borrowings 782 466Proceeds from asset sales 393 432Loans and notes receivable collected 115 92Contributions from parent company 169 20Loan receivable collected from parent company 108 2Contributions from non-controlling interest 104 115$ 1,882 $ 1,290(US$ Millions) Year ended Dec. 31, 2011 2010 2009Cash flow from operating activities $ 1,611 $ 810 $ 166Borrowings 2,976 1,635 2,374Proceeds from asset sales 1,638 913 98Loans and notes receivable collected 744 302 228Proceeds from equity installment receivable 121 - -Contributions from parent company 307 358 769Loan receivable collected from parent company 658 - -Distributions from equity accounted investments - 316 -Contributions from non-controlling interest 667 1,038 1,024$ 8,722 $ 5,372 $ 4,659We seek to increase income from our existing properties by maintaining quality standards for ourproperties that promote high occupancy rates and support increases in rental rates while reducing tenant turnoverand related retenanting costs, and by controlling operating expenses. Consequently, we believe our revenue,113