4 CASH AND CASH EQUIVALENTS Group Trust 2024 2023 2024 2023 US$’000 US$’000 US$’000 US$’000 Cash at bank 26,556 69,726 6,954 39,094 Short term fixed deposits 38,687 57,419 38,687 57,419 Total cash and cash equivalents 65,243 127,145 45,641 96,513 Less: Interest reserves1 (17,687) (22,419) (17,687) (22,419) Cash and cash equivalents per consolidated statement of cash flows 47,556 104,726 27,954 74,094 1 Pursuant to the Master Restructuring Agreement, Manulife US REIT is required to maintain interest reserve accounts comprising an interest reserve of six months for its loans and borrowings. The interest reserve accounts are cash collaterals charged in favour to the lenders and the use of the cash balance held within the interest reserve is restricted and is dedicated to funding the Group’s interest payments for loans and borrowings in Note 9. 5 TRADE AND OTHER RECEIVABLES Group Trust 2024 2023 2024 2023 US$’000 US$’000 US$’000 US$’000 Trade receivables 4,704 13,488 − − Impairment losses (1,749) (1,902) − − Trade receivables, net 2,955 11,586 − − Amount due from related parties 384 − − − Other receivables 2,230 2,340 183 279 5,569 13,926 183 279 Concentration of credit risk relating to trade receivables is limited due to the Group’s many varied tenants. The Group’s historical experience in the collection of trade receivable falls within the recorded allowances, if any. Due to these factors, the Manager believes that no additional credit risk, beyond amounts provided for collection losses, is inherent in the Group’s trade receivables. Impairment losses The ageing of trade receivables at the end of the reporting date is as follows: Gross Impairment 2024 2023 2024 2023 US$’000 US$’000 US$’000 US$’000 Group Past due 0 to 1 month 1,365 11,249 18 17 Past due 1 to 3 months 851 357 18 196 Past due more than 3 months 2,488 1,882 1,713 1,689 4,704 13,488 1,749 1,902 ANNUAL REPORT 2024 | 163 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
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