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 271 MISC BERHAD ANNUAL REPORT 2018 270 13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) Cost At 1.1.2017 RM'000 Additions RM'000 Disposals RM'000 Write-offs RM'000 Transfers RM'000 Reclassification (out of)/into PPE RM'000 Reclassified to held for sale RM'000 Currency translation differences RM'000 At 31.12.2017 RM'000 Group - 31 December 2017 Ships Ships in operation 45,420,350 1,207,534 (493,692) (456,429) 563,366 (143,827) (1,533,389) (3,758,684) 40,805,229 Ships under construction 808,297 697,524 - - (563,062) - - (73,957) 868,802 46,228,647 1,905,058 (493,692) (456,429) 304 (143,827) (1,533,389) (3,832,641) 41,674,031 Offshore floating assets Offshore floating assets in operation 1,661,231 - - (16,215) - - - (141,858) 1,503,158 Other property, plant and equipment Freehold land 5,673 - - - - - - (94) 5,579 Freehold buildings, drydocks and waste plant 1,618,912 104 (6,993) - 16,340 - - (2,081) 1,626,282 Leasehold buildings 75,403 - - (1,924) - - - 531 74,010 Motor vehicles 24,530 292 (3,369) (731) 349 - - (374) 20,697 Furniture, fittings and equipment 136,119 4,884 (52) (472) 17,908 - - (3,686) 154,701 Computer software and hardware 335,516 8,673 (1,751) (875) 12,218 (592) - (29,812) 323,377 Projects in progress 216,418 81,897 (2,882) (321) (104,240) 3,512 - (18,809) 175,575 Plant and machineries 670,161 14,084 (787) (4,486) 57,121 180 - (21,679) 714,594 3,082,732 109,934 (15,834) (8,809) (304) 3,100 - (76,004) 3,094,815 Total 50,972,610 2,014,992 (509,526) (481,453) - (140,727) (1,533,389) (4,050,503) 46,272,004