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 269 MISC BERHAD ANNUAL REPORT 2018 268 13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) Accumulated depreciation/impairment Net book value At 1.1.2018 RM'000 Depreciation charge for the year RM'000 Impairment losses 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 At 31.12.2018 RM'000 Group - 31 December 2018 Ships Ships in operation 20,771,560 1,710,572 75,222 (792,586) (179,586) - - 333,701 21,918,883 19,864,744 Ships under construction - - - - - - - - - 1,360,089 20,711,560 1,710,572 75,222 (792,586) (179,586) - - 333,701 21,918,883 21,224,833 Offshore floating assets Offshore floating assets in operation 1,180,509 81,381 - (157,393) - - - 16,625 1,121,122 222,204 Other property, plant and equipment Freehold land - - - - - - - - - 12,976 Freehold buildings, drydocks and waste plant 565,655 37,018 - (1,022) (570) 262 - 37 601,380 1,072,686 Leasehold buildings 24,641 - - - (22) - - (30) 24,589 49,293 Motor vehicles 16,591 1,173 - (233) - - - 46 17,577 3,398 Furniture, fittings and equipment 97,284 6,849 - (305) (18) - - 1,058 104,868 61,293 Computer software and hardware 294,048 14,208 - (2,402) (42,823) (142) (106) 3,396 266,179 26,882 Projects in progress - - - - - - - - - 308,901 Plant and machineries 339,285 40,695 - (241) (47,036) (120) - 859 333,442 352,831 1,337,504 99,943 - (4,203) (90,469) - (106) 5,366 1,348,035 1,888,890 Total 23,289,573 1,891,896 75,222 (954,182) (270,055) - (106) 355,692 24,388,040 23,335,927