MISC- Annual Report 2016

13. Prepaid lease payments on land and buildings Group Corporation 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 At 1 January 238,208 249,905 4,234 8,336 Transfer to other property,  plant and equipment (Note 12) – (7,194) – (7,194) Amortisation for the year (Note 5) (7,518) (7,962) (108) (367) Disposal of a subsidiary (3,117) – – – Currency translation differences 179 3,459 179 3,459 At 31 December 227,752 238,208 4,305 4,234 Analysed as: Long term leasehold land 223,409 230,541 – – Short term leasehold land 38 3,433 – – Leasehold buildings 4,305 4,234 4,305 4,234 227,752 238,208 4,305 4,234 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 RM223,409,000 (2015: RM230,541,000) which cannot be disposed off, charged or subleased without the prior consent of the Johor State Government. MISC BERHAD •  Annual Report 2016 232 notes to the financial statements - 31 december 2016

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