Manulife US REIT - Annual Report 2021

MANULIFE US REIT 184 For the year ended 31 December 2021 Notes to the Financial Statements 22 FAIR VALUES OF ASSETS AND LIABILITIES (a) Classification and fair value of financial instruments The fair values of financial assets and liabilities, including their levels in the fair value hierarchy are set out below. It does not include the fair value information of financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. Carrying amount Fair value Note Financial assets at amortised cost Financial liabilities at amortised cost FVTPL Total carrying amount Level 1 Level 2 Level 3 Total US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 Group 2021 Financial assets measured at fair value Financial derivatives 10 − − 5,653 5,653 − 5,653 − 5,653 Financial assets not measured at fair value Cash and cash equivalents 4 78,581 − − 78,581 Trade and other receivables^ 5 5,296 − − 5,296 83,877 − − 83,877 Financial liabilities not measured at fair value Trade and other payables# 8 − 58,769 − 58,769 Loans and borrowings 9 − 971,293 − 971,293 − − 980,398 980,398 Security deposits − 4,105 − 4,105 Preferred units 11 − 825 − 825 − − 1,150 1,150 − 1,034,992 − 1,034,992 Financial liabilities measured at fair value Financial derivatives 10 − − 4,742 4,742 − 4,742 − 4,742 ^ Excluding GST receivables. # Excluding deferred revenue.