Manulife US REIT - Annual Report 2020

STATEMENTS OF FINANCIAL POSITION As at 31 December 2020 Note Group Trust 2020 2019 2020 2019 US$’000 US$’000 US$’000 US$’000 Current assets Cash and cash equivalents 4 86,674 60,748 3,442 4,287 Prepayments 1,658 1,207 75 69 Trade and other receivables 5 6,927 7,614 37,687 18,459 Other asset 6 − 1,405 − − 95,259 70,974 41,204 22,815 Non-current assets Investment properties 7 1,992,800 2,095,000 − − Investment in subsidiaries 8 − − 1,423,009 1,342,496 Financial derivatives 11 − 487 − 487 1,992,800 2,095,487 1,423,009 1,342,983 Total assets 2,088,059 2,166,461 1,464,213 1,365,798 Current liabilities Trade and other payables 9 18,099 26,866 2,311 2,251 Loans and borrowings 10 233,584 78,945 17,300 7,500 Security deposits 229 274 − − Rent received in advance 6,649 4,829 − − 258,561 110,914 19,611 9,751 Non-current liabilities Loans and borrowings 10 618,703 733,079 320,142 220,538 Financial derivatives 11 12,985 1,575 12,985 1,575 Security deposits 3,537 2,900 − − Preferred units 12 102 102 − − Deferred tax liabilities 13 36,283 59,713 − − 671,610 797,369 333,127 222,113 Total liabilities 930,171 908,283 352,738 231,864 Net assets attributable to Unitholders 1,157,888 1,258,178 1,111,475 1,133,934 Represented by: Unitholders’ Fund 1,157,888 1,258,178 1,111,475 1,133,934 Net assets attributable to Unitholders 1,157,888 1,258,178 1,111,475 1,133,934 Units in issue and to be issued (’000) 14 1,591,661 1,573,459 1,591,661 1,573,459 Net asset value per Unit (US$) attributable to Unitholders 15 0.73 0.80 0.70 0.72 The accompanying notes form an integral part of the financial statements. 120 MANULIFE US REIT