Manulife US REIT - Annual Report 2021

ANNUAL REPORT 2021 185 For the year ended 31 December 2021 Notes to the Financial Statements 22 FAIR VALUES OF ASSETS AND LIABILITIES (CONT'D) (a) Classification and fair value of financial instruments (cont'd) 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 2020 Financial assets not measured at fair value Cash and cash equivalents 4 86,674 − − 86,674 Trade and other receivables^ 5 6,913 − − 6,913 93,587 − − 93,587 Financial liabilities not measured at fair value Trade and other payables 8 − 18,099 − 18,099 Loans and borrowings 9 − 852,287 − 852,287 − − 870,249 870,249 Security deposits − 3,766 − 3,766 Preferred units 11 − 102 − 102 − − 125 125 − 874,254 − 874,254 Financial liabilities measured at fair value Financial derivatives 10 − − 12,985 12,985 − 12,985 − 12,985 ^ Excluding GST receivables.