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 277 MISC BERHAD ANNUAL REPORT 2018 276 13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) Cost At 1.1.2017 RM'000 Additions RM'000 Write-offs RM'000 Disposal RM'000 Transfers RM'000 Reclassified to held for sale RM'000 Currency translation differences RM'000 At 31.12.2017 RM'000 Corporation - 31 December 2017 Ships Ships in operation 12,471,759 78,192 (300,787) - 230 (1,533,389) (905,894) 9,810,111 Other property and equipment Motor vehicles 4,174 - - (3,042) - - (224) 908 Furniture, fittings and equipment 11,181 1,505 (896) (103) 17,911 - (1,405) 28,193 Computer software and hardware 218,388 1,335 - (1,646) 8,051 - (21,145) 204,983 Projects in progress 83,983 13,608 (321) - (26,192) - (7,226) 63,852 317,726 16,448 (1,217) (4,791) (230) - (30,000) 297,936 Total 12,789,485 94,640 (302,004) (4,791) - (1,533,389) (935,894) 10,108,047 Accumulated depreciation/impairment Net book value At 1.1.2017 RM'000 Depreciation charge for the year RM'000 Impairment losses RM'000 Write-offs RM'000 Transfers RM'000 Disposal 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 Corporation - 31 December 2017 Ships Ships in operation 6,425,618 393,072 227,431 (296,888) - - (1,490,381) (365,938) 4,892,914 4,917,197 Other property and equipment Motor vehicles 3,273 294 - - - (2,602) - (181) 784 124 Furniture, fittings and equipment 10,635 1,275 - (892) - (103) - (220) 10,695 17,498 Computer software and hardware 208,749 5,725 - - - (1,646) - (20,072) 192,756 12,227 Projects in progress - - - - - - - - - 63,852 222,657 7,294 - (892) - (4,351) - (20,473) 204,235 93,701 Total 6,648,275 400,366 227,431 (297,780) - (4,351) (1,490,381) (386,411) 5,097,149 5,010,898