14. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) Accumulated depreciation/impairment Net book Reclassification value Depreciation out of property, Termination Currency At charge for Impairment plant and Reclassified to of lease translation At At 1.1.2020 the year losses Disposals Write-offs*** equipment** 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 Ships Ships in operation* 22,113,034 1,741,070 11,585 (428,737) (281,355) (167,681) (94,425) – (328,313) 22,565,178 19,072,152 Right-of-use - ships in operation* 2,150,504 227,054 – – (1,052,789) – – (4,137) 408 1,321,040 138,385 Ships under construction – – – – – – – – – 1,877,826 24,263,538 1,968,124 11,585 (428,737) (1,334,144) (167,681) (94,425) (4,137) (327,905) 23,886,218 21,088,363 Offshore floating assets Subject to operating lease as a lessor - offshore floating assets in operation 1,055,458 8,181 9,575 – – – (193,663) – (3,590) 875,961 51,308 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 * 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 RM16,182,906,000 and RM14,934,000 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 property, plant and equipments 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. **** Included in projects in progress are ongoing projects for other property, plant, equipment and intangible assets on digital products. NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 360 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 361 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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