MISC Annual Report 2017

167 Financial Statements Group Note 2017 2016 RM'000 RM'000 Non-current assets Ships 12 20,902,471 23,858,401 Offshore floating assets 12 322,649 473,486 Other property, plant and equipment 12 1,757,311 1,782,397 Prepaid lease payments on land and buildings 13 220,128 227,752 Intangible assets 14 844,379 938,676 Investments in associates 16 528 2,466 Investments in joint ventures 17 1,127,797 1,602,175 Other non-current financial assets 18(a) 237,747 318,829 Derivative assets 18(b) 3,328 1,472 Finance lease receivables 18(d) 13,862,350 13,454,226 Finance lease assets under construction 19 688,489 1,417,983 Deferred tax assets 28 99,484 85,335 40,066,661 44,163,198 Current assets Inventories 20 198,592 213,468 Trade and other receivables 21 4,161,775 5,040,361 Tax recoverable 14,642 - Derivative assets 18(b) 4,406 - Cash, deposits and bank balances 23 5,900,724 6,559,207 10,280,139 11,813,036 Non-current assets classified as held for sale 24 123,003 175,035 10,403,142 11,988,071 Current liabilities Trade and other payables 25 2,234,627 2,734,042 Derivative liabilities 18(b) - 6,655 Interest-bearing loans and borrowings 18(c) 7,717,608 7,372,969 Provision for taxation - 1,445 9,952,235 10,115,111 Net current assets 450,907 1,872,960 40,517,568 46,036,158 STATEMENTS OF FINANCIAL POSITION As at 31 December 2017