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 275 MISC BERHAD ANNUAL REPORT 2018 274 13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) Cost At 1.1.2018 RM'000 Additions RM'000 Write-offs RM'000 Disposal RM'000 Transfers RM'000 Reclassification out of PPE RM'000 Currency translation differences RM'000 At 31.12.2018 RM'000 Corporation - 31 December 2018 Ships Ships in operation 9,810,111 85,671 (76,731) - - (673) 162,313 9,980,691 Other property and equipment Freehold land - 7,244 - - - - 198 7,442 Freehold buildings - 21,489 (201) - 796 - 686 22,770 Motor vehicles 908 - - - - - 19 927 Furniture, fittings and equipment 28,193 5,098 - - (114) (2) 572 33,747 Computer software and hardware 204,983 2,353 (42,798) (2,104) 1,102 (245) 3,159 166,450 Projects in progress 63,852 1,233,146 (143) - (1,784) (1,190,204) 1,040 105,907 297,936 1,269,330 (43,142) (2,104) - (1,190,451) 5,674 337,243 Total 10,108,047 1,355,001 (119,873) (2,104) - (1,191,124) 167,987 10,317,934 Accumulated depreciation/impairment Net book value At 1.1.2018 RM'000 Depreciation charge for the year RM'000 Impairment losses RM'000 Write-offs RM'000 Transfers RM'000 Disposal 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 Corporation - 31 December 2018 Ships Ships in operation 4,892,914 339,344 49,802 (72,687) - - - 66,160 5,275,533 4,705,158 Other property and equipment Freehold land - - - - - - - - - 7,442 Freehold buildings - 923 - (11) - - - 24 936 21,834 Motor vehicles 784 91 - - - - - 19 894 33 Furniture, fittings and equipment 10,695 3,594 - - 142 - (1) 465 14,895 18,852 Computer software and hardware 192,756 4,474 - (42,798) (142) - (106) 2,982 157,166 9,284 Projects in progress - - - - - - - - - 105,907 204,235 9,082 - (42,809) - - (107) 3,490 173,891 163,352 Total 5,097,149 348,426 49,802 (115,496) - - (107) 69,650 5,449,424 4,868,510