233 MISC BERHAD Annual Report 2015 23. Non-current assets classified as held for sale The Group and the Corporation have reclassified certain ships, leasehold building, and plant and machinery previously presented as property, plant and equipment to non-current assets classified as held for sale as disclosed below: Group Corporation 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Non-current assets held for sale Ships – 912,768 923,210 912,768 Leasehold building – 3,672 – 3,672 Plant and machinery – 6,282 – – – 922,722 923,210 916,440 The movement during the financial year relating to non-current assets held for sale are as follows: Group Corporation 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 At 1 January 922,722 221,728 916,440 126,969 Addition 28,253 – 28,253 – Write down – – (57,580) – Transfer from ships and other property, plant and equipment (Note 12) – 919,050 – 912,768 Transfer to ships and other property, plant and equipment (Note 12) (980,791) (100,649) – – Disposals (181,813) (122,866) (175,531) (122,866) Currency translation differences 211,629 5,459 211,628 (431) At 31 December – 922,722 923,210 916,440 During the financial year, the Corporation decided to dispose its ships held for sale to a subsidiary. Accordingly, the Group reclassified these ships from “Held for Sale” to “Ships in operation”. The write down of RM57,580,000 recognised by the Corporation was reversed and correspondingly, depreciation of RM57,580,000 has been recognised by the Group during the financial year. However, at the Corporation level, the ships remain as held for sale pending disposal to the subsidiary.
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