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

(b) Non-controlling interestsNon-controlling interests consist of the following:(US$ Millions) Dec. 31, 2011 Dec. 31, 2010Preferred equity $ 1,190 $ 945Other non-controlling interests 8,423 6,735$ 9,613 $ 7,680(c) Other comprehensive income (loss)Other comprehensive income consists of the following:(US$ Millions) 2011 2010 2009Foreign currency translationUnrealized foreign currency translation (losses) gains in respect of foreign operations $ (363) $ 542 $ 963Losses on hedges of net investments in foreign operations, net of income taxes of $8 million(2010 – $23 million; 2009 – nil) (24) (112) (119)Reclassification to earnings of net foreign exchange losses - - 3(387) 430 847Available-for-sale securitiesChange in unrealized gains (losses) on available-for-sale securities, net of income taxes of $3 million(2010 – nil; 2009 – nil) 4 (9) (25)Reclassification to earnings of (gains) losses on available-for-sale securities, net of income taxes of nil(2010 – $2 million; 2009 – nil) - 7 -4 (2) (25)Cash flow hedgesGains on derivatives designated as cash flow hedges, net of income taxes of $32 million (2010 – $24million; 2009 – $6 million) (260) 95 13Reclassification to earnings of losses on derivatives designated as cash flow hedges, net of income taxesof $1 million (2010 – $5 million; 2009 – nil) 2 (28) 1(258) 67 14Other comprehensive income(loss) $ (641) $ 495 $ 836NOTE 18: REVENUE AND PROPERTY NET OPERATING INCOME(a) RevenueThe components of revenue are as follows:(US$ Millions) 2011 2010 2009Revenue from operations $ 2,589 $ 2,102 $ 1,919Investment and other revenue (1) 231 168 80$ 2,820 $ 2,270 $ 1,999(1) Excludes foreign exchange gains and losses associated with translation of the company’s net foreign currency denominated monetaryassets and expenses associated with fee income.F-29