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

Statement of Operations InformationUnaudited2011Unaudited2010Audited2009Total revenues $141,310 $139,339 $136,653Expenses:Operating and other 59,433 60,743 58,120Depreciation and amortization 16,920 17,531 16,340Total expenses 76,353 78,274 74,460Other income (expense):Interest and other income 2,361 632 5,601Interest expense (30,878) (30,878) (31,240)Total other income (expense) (28,517) (30,246) (25,639)Net income $ 36,440 $ 30,819 $ 36,554Company’s share of net income $ 18,085 $ 15,807 $ 16,725Amortization of net excess of cost of investments over bookvalue of underlying assets 3,750 3,245 6,681Income from unconsolidated real estate ventures $ 21,835 $ 19,052 $ 23,406Contributions, Advances and Distributions — During the years ended December 31, 2011, 2010 and2009, the Company made cash contributions to its unconsolidated real estate ventures of $31,064, $18,575and $1,040, respectively. The Company received distributions from its unconsolidated real estate ventures inthe aggregate amount of approximately $14,343, $12,487 and $16,392 as of December 31, 2011, 2010 and2009, respectively.Certain of the Company’s real estate venture agreements include provisions whereby, at certain specifiedtimes, each party has the right to initiate a purchase or sale of its interest in the ventures at an agreed uponfair value. Under these provisions, the Company is not obligated to purchase the interest of its outsideventure partners.5. CONSOLIDATED REAL ESTATE VENTURESAlthough the financial condition and results of operations of the following real estate ventures areconsolidated, there are unaffiliated parties that own an interest in these real estate ventures. The Companyconsolidates these real estate ventures because it owns at least 50% of the respective ownership entities andcontrols major decisions. The following is a summary of the Company’s ownership in consolidated realestate ventures at December 31, 2011 and 2010:EntityProperty and LocationEconomicInterest (1)TrizecHahn 1065 Avenue of theAmericas L.L.C. (2) 1065 Avenue of the Americas, New York, NY 99%Trizec 2001 M Street Holdings L.L.C. 2001 M Street, Washington, D.C. 98F-86