MISC Annual Report 2019

13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Accumulated depreciation/impairment Net book value Effect of Currency At adoption of At Impairment translation At At 1.1.2019 MFRS 16 1.1.2019 Depreciation losses Write-offs Disposals differences 31.12.2019 31.12.2019 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Corporation - 31 December 2019 Ships Subject to operating lease as a lessor - ships in operation 5,275,533 – 5,275,533 342,274 8,582 (96,251) – (36,657) 5,493,481 4,403,005 Other property and equipment Freehold land – – – 415 – – – (2) 413 6,948 Freehold buildings 936 – 936 – – – – – 936 21,597 Motor vehicles 894 – 894 24 – – (545) (4) 369 9 Furniture, fittings and equipment 14,895 – 14,895 3,816 – (124) (199) (189) 18,199 15,163 Computer software and hardware 157,166 – 157,166 5,298 – (209) (523) (1,754) 159,978 14,906 Projects in progress – – – – – – – – – 222,684 173,891 – 173,891 9,553 – (333) (1,267) (1,949) 179,895 281,307 Right-of-use - office premise – 26,693 26,693 13,865 – – – (144) 40,414 42,161 173,891 26,693 200,584 23,418 – (333) (1,267) (2,093) 220,309 323,468 Total 5,449,424 26,693 5,476,117 365,692 8,582 (96,584) (1,267) (38,750) 5,713,790 4,726,473 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 FINANCIAL STATEMENTS MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 300 301