Manulife US REIT - Annual Report 2021

ANNUAL REPORT 2021 161 For the year ended 31 December 2021 Notes to the Financial Statements 3 SIGNIFICANT ACCOUNTING POLICIES (CONT’D) 3.13 Segment reporting (cont’d) The Group’s investment properties comprise commercial office properties located in the United States. Therefore, the Manager considers that the Group operates within a single business segment and within a single geographical segment in the United States. Accordingly, no segment information has been presented in these financial statements. 3.14 New standards and interpretations not adopted A number of new standards, amendments to standards and interpretations have been issued as of the reporting date but are not yet effective for the financial year ended 31 December 2021. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. Description Effective for annual periods beginning on or after • Reference to the Conceptual Framework – Amendments to IFRS 3 1 January 2022 • Annual Improvements to IFRSs 2018-2020 1 January 2022 • Amendments to IAS 1: Classification of Liabilities as Current or Non-current 1 January 2023 • Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) 1 January 2023 • Amendments to IAS 8: Definition of Accounting Estimates 1 January 2023 • Amendments to IAS 12: Deferred Tax related to Assets and Liabilities arising from a Single Transaction 1 January 2023 The Group expects that the adoption of the standards above will have no significant impact on the financial statements in the year of initial application. 4 CASH AND CASH EQUIVALENTS Group Trust 2021 2020 2021 2020 US$’000 US$’000 US$’000 US$’000 Cash at bank 78,581 86,674 6,927 3,442 Cash at bank earns interest based on bank deposit rates. 5 TRADE AND OTHER RECEIVABLES Group Trust 2021 2020 2021 2020 US$’000 US$’000 US$’000 US$’000 Trade receivables 3,096 7,442 − − Impairment losses (833) (3,598) − − Trade receivables, net 2,263 3,844 − − Other receivables 3,287 3,083 3,423 3,167 Dividends receivable − − 36,570 34,520 5,550 6,927 39,993 37,687