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 273 MISC BERHAD ANNUAL REPORT 2018 272 13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) Accumulated depreciation/impairment Net book value At 1.1.2017 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)/into PPE RM'000 Reclassified to held for sale RM'000 Currency translation differences RM'000 At 31.12.2017 RM'000 At 31.12.2017 RM'000 Group - 31 December 2017 Ships Ships in operation 22,370,246 1,862,180 638,714 (442,497) (442,126) - (84,125) (1,490,381) (1,640,451) 20,771,560 20,033,669 Ships under construction - - - - - - - - - - 868,802 22,370,246 1,862,180 638,714 (442,497) (442,126) - (84,125) (1,490,381) (1,640,451) 20,771,560 20,902,471 Offshore floating assets Offshore floating assets in operation 1,187,745 88,611 3,584 - (10,446) - - - (88,985) 1,180,509 322,649 Other property, plant and equipment Freehold land - - - - - - - - - - 5,579 Freehold buildings, drydocks and waste plant 535,026 34,795 - (3,371) - (32) - - (763) 565,655 1,060,627 Leasehold buildings 26,435 - - - (1,924) - - - 130 24,641 49,369 Motor vehicles 18,330 2,185 - (2,929) (702) - - - (293) 16,591 4,106 Furniture, fittings and equipment 93,685 6,024 - (52) (463) - - - (1,910) 97,284 57,417 Computer software and hardware 306,266 16,209 - (1,752) (875) 1,384 (64) - (27,120) 294,048 29,329 Projects in progress - - - - - - - - - - 175,575 Plant and machineries 320,593 45,649 - (787) (4,398) (1,352) 267 - (20,687) 339,285 375,309 1,300,335 104,862 - (8,891) (8,362) - 203 - (50,643) 1,337,504 1,757,311 Total 24,858,326 2,055,653 642,298 (451,388) (460,934) - (83,922) (1,490,381) (1,780,079) 23,289,573 22,982,431