24. Non-current assets classified as held for sale Group Corporation 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Non-current assets held for sale Ships 175,035 – – 923,210 175,035 – – 923,210 The movement during the financial year relating to non-current assets held for sale are as follows: Group Corporation 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 At 1 January – 922,722 923,210 916,440 Addition – 28,253 – 28,253 Write down – – – (57,580) Transfer from/(to) ships and other property, plant and equipment (Note 12) 161,719 (980,791) – – Disposals – (181,813) (890,818) (175,531) Currency translation differences 13,316 211,629 (32,392) 211,628 At 31 December 175,035 – – 923,210 In the current financial year, the Group and the Corporation have classified certain ships as held for sale with the intention of disposal in the immediate future. In the previous financial year, the Group made a decision to transfer the Corporation’s held for sale ships 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 recognised by the Group in the previous financial year. At the Corporation level, the ships remain as held for sale as at 31 December 2015 pending disposal to the subsidiary. The disposal was completed in the current financial year with no gain or loss on disposal was recognised by the Corporation. Financial Statements 269
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