NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 3 MATERIAL ACCOUNTING POLICY INFORMATION (CONT’D) 3.15 New standards and interpretations not adopted A number of new standards and amendments to standards have been issued as of the reporting date but are not yet effective for the financial year ended 31 December 2025. The Group intends to adopt these new and amended standards, if applicable, when they become effective. Description Effective for annual periods beginning on or after • Amendments to IAS 9 and IAS 7: Amendments to the Classification and Measurement of Financial Instruments 1 January 2026 • Annual Improvements to IFRS Accounting Standards – Volume 11 1 January 2026 • IFRS 18: Presentation and Disclosure in Financial Statements 1 January 2027 • IFRS 19: Subsidiaries without Public Accountability – Disclosures 1 January 2027 The Group expects that the adoption of the standards above will have no significant impact on the financial statements in the year of initial application, except for IFRS 18. The Group is currently working to identify all impacts the standard will have on the financial statements and notes to the financial statements. 4 CASH AND CASH EQUIVALENTS Group Trust 2025 2024 2025 2024 US$’000 US$’000 US$’000 US$’000 Cash at bank 24,229 26,556 3,818 6,954 Short-term fixed deposits 23,516 38,687 23,516 38,687 Total cash and cash equivalents 47,745 65,243 27,334 45,641 Less: Interest reserves1 (11,016) (17,687) (11,016) (17,687) Cash and cash equivalents per consolidated statement of cash flows 36,729 47,556 16,318 27,954 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 2025 2024 2025 2024 US$’000 US$’000 US$’000 US$’000 Trade receivables 2,659 4,704 − − Impairment losses (2,036) (1,749) − − Trade receivables, net 623 2,955 − − Amount due from related parties − 384 − − Other receivables 2,216 2,230 112 183 2,839 5,569 112 183 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. / 120 / EXPANDING HORIZONS
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