Manulife US REIT - Annual Report 2021

ANNUAL REPORT 2021 183 For the year ended 31 December 2021 Notes to the Financial Statements 21 FINANCIAL RISK MANAGEMENT (CONT'D) Liquidity risk (cont’d) The following are the contractual maturities of financial liabilities, including estimated interest payments: ––––––––––––––– Cash flows –––––––––––––––– Carrying amount Contractual cash flows Within 1 year Within 2 to 5 years More than 5 years US$’000 US$’000 US$’000 US$’000 US$’000 Group 2021 Non-derivative financial liabilities Trade and other payables and security deposits 1 62,874 62,874 58,999 2,245 1,630 Preferred units 825 1,150 − − 1,150 Loans and borrowings 971,293 1,039,554 321,992 717,562 − 1,034,992 1,103,578 380,991 719,807 2,780 2020 Non-derivative financial liabilities Trade and other payables and security deposits 21,865 21,865 18,328 1,990 1,547 Preferred units 102 125 − − 125 Loans and borrowings 852,287 918,576 257,670 660,906 − 874,254 940,566 275,998 662,896 1,672 Trust 2021 Non-derivative financial liabilities Trade and other payables 40,710 40,710 40,710 − − Loans and borrowings 684,642 740,602 130,271 610,331 − 725,352 781,312 170,981 610,331 − 2020 Non-derivative financial liabilities Trade and other payables 2,311 2,311 2,311 − − Loans and borrowings 337,442 375,824 26,555 349,269 − 339,753 378,135 28,866 349,269 − 1 Excluding deferred revenue. The maturity analyses show the contractual undiscounted cash flows of the Group’s financial liabilities on the basis of their earliest possible contractual maturity. The cash inflows/outflows relate to these instruments held for risk management purposes and which are usually not closed out prior to contractual maturity. The disclosure shows net cash flow amounts for derivatives that have simultaneous gross cash settlement e.g. interest rate swaps. Net settled derivative instruments are included in the maturity analyses as they are held to hedge the cash flow variability of the Group’s floating rate interest-bearing loans. The interest payments on floating rate loans and borrowings in the table above reflect market forward interest rates at the period end and these amounts may change as market interest rates changes.