14. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) Accumulated depreciation/impairment Net book Remeasurement value of Currency At Impairment lease translation At At 1.1.2021 Depreciation losses Write-offs** Disposals contract differences 31.12.2021 31.12.2021 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 Corporation - 31 December 2021 Ships Subject to operating lease as a lessor - ships in operation 5,718,010 341,936 52,774 (36,136) – – 131,164 6,207,748 3,843,309 Other property and equipment Freehold land – – – – – – – – 7,495 Freehold buildings 2,122 342 – – – – 559 3,023 20,651 Motor vehicles 363 7 – – – – 13 383 50 Furniture, fittings and equipment 21,599 6,463 – – (466) – 898 28,494 23,845 Computer software and hardware 159,878 9,167 – – (129) – 5,835 174,751 22,701 Projects in progress – – – – – – – – 52,048 183,962 15,979 – – (595) – 7,305 206,651 126,790 Right-of-use - office premise 53,791 14,458 – – – (751) 1,441 68,939 14,654 237,753 30,437 – – (595) (751) 8,746 275,590 141,444 Grand total 5,955,763 372,373 52,774 (36,136) (595) (751) 139,910 6,483,338 3,984,753 * Reclassification out of property, plant and equipment 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. NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 364 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 365 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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