205 MISC BERHAD Annual Report 2015 12. Ships, offshore floating assets and other property, plant and equipment (cont’d.) (ii) Recoverable amount determined from fair value less costs of disposal (cont’d.) The fair value measurement was categorised as a Level 3 fair value based on inputs in the valuation technique used as defined in Note 2.3(aa). Impairment losses of RM124,098,000 and RM119,058,000 for the Group and the Corporation respectively were recognised using this basis. 13. Prepaid lease payments on land and buildings Group Corporation 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 At 1 January 249,905 251,750 8,336 2,361 Transfer (to)/from other property, plant and equipment (Note 12) (7,194) 6,298 (7,194) 6,298 Amortisation for the year (Note 5) (7,962) (8,207) (367) (387) Currency translation differences 3,459 64 3,459 64 At 31 December 238,208 249,905 4,234 8,336 Analysed as: Long term leasehold land 230,541 237,635 – – Short term leasehold land 3,433 3,934 – – Leasehold buildings 4,234 8,336 4,234 8,336 238,208 249,905 4,234 8,336 Included in long term leasehold land of the Group is the carrying value of a long term leasehold and foreshore land of a subsidiary of RM230,541,000 (2014: RM237,635,000) which cannot be disposed off, charged or subleased without the prior consent of the Johor State Government.
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