MISC Annual Report 2019

13. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Cost Currency At Reclassification translation At 1.1.2018 Additions Write-offs Disposals Transfers out of PPE differences 31.12.2018 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 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 42,942 (143) – (1,784) – 1,040 105,907 297,936 79,126 (43,142) (2,104) – (247) 5,674 337,243 Total 10,108,047 164,797 (119,873) (2,104) – (920) 167,987 10,317,934 Accumulated depreciation/impairment Net book value Depreciation Currency At charge for Impairment Reclassification translation At At 1.1.2018 the year losses Write-offs Transfers Disposals out of PPE differences 31.12.2018 31.12.2018 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 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 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 302 303