MISC Integrated Annual Report 2020

14. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Accumulated depreciation/impairment Net book value Depreciation Termination Currency At charge for Impairment Reclassification Reclassified to of lease translation At At 1.1.2020 the year losses Disposals Write-offs*** out of PPE** held for sale contract differences 31.12.2020 31.12.2020 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Group - 31 December 2020 Other property, plant and equipment Freehold land – – – – – – – – – – 12,885 Freehold buildings, drydocks and waste plant 628,278 31,770 242,778 – (84) – – – 409 903,151 1,231,486 Leasehold buildings 24,606 25 – – – – – – 377 25,008 49,201 Motor vehicles 17,915 828 320 (181) – – – – (30) 18,852 1,382 Furniture, fittings and equipment 113,338 8,374 – (1,371) – – – – (628) 119,713 53,588 Computer software and hardware 271,420 13,054 611 (1,983) – – – – (4,332) 278,770 24,387 Projects in progress – – – – – – – – – – 351,803 Plant and machineries 362,259 30,296 53,999 (4,951) (51) – – – (800) 440,752 353,249 1,417,816 84,347 297,708 (8,486) (135) – – – (5,004) 1,786,246 2,077,981 Right-of-use assets - office premise, warehouse and wharf 69,831 30,143 2,279 (8,169) – – – – (1,389) 92,695 91,455 - computer software and hardware 414 175 13 – – – – – – 602 41 70,245 30,318 2,292 (8,169) – – – – (1,389) 93,297 91,496 1,488,061 114,665 300,000 (16,655) (135) – – – (6,393) 1,879,543 2,169,477 Grand total 26,807,057 2,090,970 321,160 (445,392) (1,334,279) (167,681) (288,088) (4,137) (337,888) 26,641,722 23,309,148 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS * Included in ships in operation and right-of-use - ships in operation are ships subject to operating lease as a lessor with a carrying amount of RM15,833,310,000 (2019:RM14,409,219,000) and RMNil (2019: RM34,647,392) respectively based on the ships contractual arrangement as at 31 December 2020. Certain ships in operation are used interchangeably between time charter and spot charter during the financial year. ** Reclassification out of PPE relates to capital expenditure which are reimbursable and reclassed to other receivables. *** Amount mainly relates to derecognition of previous dry docking/major spares upon capitalisation of replacement costs. 10 378 10 379 /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// /// Leadership / Governance / Financial Statements / Additional Information / Annual General Meeting ////// Section Section MISC Berhad / Integrated Annual Report 2020 MISC Berhad / Integrated Annual Report 2020