Manulife US REIT - Annual Report 2021

MANULIFE US REIT 142 The accompanying notes form an integral part of the financial statements. Note Group Trust 2021 2020 2021 2020 US$’000 US$’000 US$’000 US$’000 Current assets Cash and cash equivalents 4 78,581 86,674 6,927 3,442 Prepayments 1,444 1,658 79 75 Trade and other receivables 5 5,550 6,927 39,993 37,687 85,575 95,259 46,999 41,204 Non-current assets Investment properties 6 2,184,400 1,992,800 − − Investment in subsidiaries 7 − − 1,839,890 1,423,009 Financial derivatives 10 5,653 − 5,653 − 2,190,053 1,992,800 1,845,543 1,423,009 Total assets 2,275,628 2,088,059 1,892,542 1,464,213 Current liabilities Trade and other payables 8 58,769 18,099 40,710 2,311 Loans and borrowings 9 296,643 233,584 114,800 17,300 Security deposits 230 229 − − Rent received in advance 8,019 6,649 − − 363,661 258,561 155,510 19,611 Non-current liabilities Trade and other payables 8 2,898 − − − Loans and borrowings 9 674,650 618,703 569,842 320,142 Financial derivatives 10 4,742 12,985 4,742 12,985 Security deposits 3,875 3,537 − − Preferred units 11 825 102 − − Deferred tax liabilities 12 37,261 36,283 − − 724,251 671,610 574,584 333,127 Total liabilities 1,087,912 930,171 730,094 352,738 Net assets attributable to Unitholders 1,187,716 1,157,888 1,162,448 1,111,475 Represented by: Unitholders’ Fund 1,187,716 1,157,888 1,162,448 1,111,475 Net assets attributable to Unitholders 1,187,716 1,157,888 1,162,448 1,111,475 Units in issue and to be issued (’000) 13 1,764,085 1,591,661 1,764,085 1,591,661 Net asset value per Unit (US$) attributable to Unitholders 14 0.67 0.73 0.66 0.70 Statements of Financial Position As at 31 December 2021