MISC Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 267 MISC BERHAD ANNUAL REPORT 2018 266 13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT Cost At 1.1.2018 RM'000 Additions RM'000 Disposals RM'000 Write-offs RM'000 Transfers RM'000 Reclassification out of PPE RM'000 Currency translation differences RM'000 At 31.12.2018 RM'000 Group - 31 December 2018 Ships Ships in operation 40,805,229 391,453 (965,347) (207,807) 1,023,727 (673) 737,045 41,783,627 Ships under construction 868,802 1,465,982 - - (1,002,873) - 28,178 1,360,089 41,674,031 1,857,435 (965,347) (207,807) 20,854 (673) 765,223 43,143,716 Offshore floating assets Offshore floating assets in operation 1,503,158 - (180,571) - - - 20,739 1,343,326 Other property, plant and equipment Freehold land 5,579 7,244 - - - - 153 12,976 Freehold buildings, drydocks and waste plant 1,626,282 39,910 (1,022) (4,613) 12,702 - 807 1,674,066 Leasehold buildings 74,010 - - (22) - - (106) 73,882 Motor vehicles 20,697 453 (233) - - - 58 20,975 Furniture, fittings and equipment 154,701 5,357 (314) (34) 5,907 - 1,174 166,791 Computer software and hardware 323,377 3,096 (4,506) (42,823) 10,492 (245) 3,670 293,061 Projects in progress 175,575 1,381,518 - - (59,968) (1,190,233) 2,009 308,901 Plant and machineries 714,594 8,063 (243) (47,211) 10,013 - 1,057 686,273 3,094,815 1,445,641 (6,318) (94,703) (20,854) (1,190,478) 8,822 3,236,925 Total 46,272,004 3,303,076 (1,152,236) (302,510) - (1,191,151) 794,784 47,723,967