MISC Integrated Annual Report 2020

14. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT’D.) Accumulated depreciation/impairment Net book value Currency At Impairment translation At At 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 Corporation - 31 December 2019 Ships Subject to operating lease as a lessor - ships in operation 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 21,597 Motor vehicles 894 24 – – (545) (4) 369 9 Furniture, fittings and equipment 14,895 3,816 – (124) (199) (189) 18,199 15,163 Computer software and hardware 157,166 5,298 – (209) (523) (1,754) 159,978 14,906 Projects in progress – – – – – – – 222,684 173,891 9,553 – (333) (1,267) (1,949) 179,895 281,307 Right-of-use - office premise 26,693 13,865 – – – (144) 40,414 42,161 200,584 23,418 – (333) (1,267) (2,093) 220,309 323,468 Grand total 5,476,117 365,692 8,582 (96,584) (1,267) (38,750) 5,713,790 4,726,473 * 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. 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 NOTES TO THE FINANCIAL STATEMENTS 10 390 10 391 /// 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