7 INVESTMENT IN SUBSIDIARIES (CONT'D) Details of the key subsidiaries of the Trust are as follows: Name of subsidiaries Country of incorporation Principal activities Effective equity interest held 2024 2023 % % Indirect subsidiaries (cont’d): Hancock S-REIT SECA LLC2 United States Property owner 100 100 Hancock S-REIT JCITY LLC2 United States Property owner 100 100 Hancock S-REIT DC 1750 LLC2 United States Property owner 100 100 Hancock S-REIT ATL Phipps LLC2 United States Property owner 100 100 Hancock S-REIT Centerpointe LLC2 United States Property owner 100 100 Hancock S-REIT Sacramento LLC2 United States Property owner 100 100 Hancock S-REIT Portland LLC3 United States Property owner − 100 Hancock S-REIT Chandler LLC3 United States Property owner − 100 Hancock S-REIT Tempe LLC2 United States Property owner 100 100 1 Audited by Ernst & Young LLP Singapore 2 Audited by a member of Ernst & Young Global Limited 3 Liquidation completed in 2024 8 TRADE AND OTHER PAYABLES Group Trust 2024 2023 2024 2023 US$’000 US$’000 US$’000 US$’000 Current Trade payables 893 2,230 − − Accrued expenses 23,594 15,604 7,645 6,731 Accrued capital expenditure 244 7,430 − − Property tax payable 2,051 1,763 − − Interest payable 4,052 4,335 3,983 4,259 Withholding tax payable 461 1,183 461 752 Other payables 786 878 289 − Deferred revenue 779 4,799 − − 32,860 38,222 12,378 11,742 Non-current Deferred revenue 3,949 4,728 − − 36,809 42,950 12,378 11,742 170 | MANULIFE US REIT NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
RkJQdWJsaXNoZXIy NTkwNzg=