276 REDISCOVER | REBUILD | SUSTAIN Notes to the financial statements - 31 December 2015 36. Capital management (cont’d.) The debt to equity ratios of the Group and of the Corporation as at 31 December 2015 and 31 December 2014 are as follows: Group Corporation Note 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Short term borrowings 18(c) 1,110,055 1,148,814 687,662 560,122 Long term borrowings 18(c) 5,394,348 7,590,349 1,068,655 3,586,547 Total debts 6,504,403 8,739,163 1,756,317 4,146,669 Total equity 36,459,142 28,821,104 24,288,847 19,355,444 Gross debt equity ratio 0.18 0.30 0.07 0.21 37. Subsidiaries and activities Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2015 2014 MISC Tankers Sdn. Bhd. Malaysia Investment holding and provision of management services 100 100 Puteri Intan Sdn. Bhd. Malaysia Shipping 100 100 Puteri Delima Sdn. Bhd. Malaysia Shipping 100 100 Puteri Nilam Sdn. Bhd. Malaysia Shipping 100 100 Puteri Zamrud Sdn. Bhd. Malaysia Shipping 100 100 Puteri Firus Sdn. Bhd. Malaysia Shipping 100 100 MISC Ship Management Sdn. Bhd. Malaysia Dormant 100 100 MISC Enterprises Holdings Sdn. Bhd. Malaysia In-liquidation 100 100 MISC Properties Sdn. Bhd. Malaysia Dormant 100 100
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