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 1.1.2020 Depreciation losses Write-offs** Disposals differences 31.12.2020 31.12.2020 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Corporation - 31 December 2020 Ships Subject to operating lease as a lessor - ships in operation 5,493,481 343,037 10,444 (59,162) – (69,790) 5,718,010 4,022,953 Other property and equipment Freehold land – – – – – – – 7,234 Freehold buildings 1,349 448 – – – 325 2,122 20,276 Motor vehicles 369 – – – – (6) 363 9 Furniture, fittings and equipment 18,199 4,086 – – (224) (462) 21,599 12,550 Computer software and hardware 159,978 4,902 – – (2,117) (2,885) 159,878 10,199 Projects in progress – – – – – – – 76,789 179,895 9,436 – – (2,341) (3,028) 183,962 127,057 Right-of-use - office premise 40,414 14,200 – – – (823) 53,791 27,816 220,309 23,636 – – (2,341) (3,851) 237,753 154,873 Grand total 5,713,790 366,673 10,444 (59,162) (2,341) (73,641) 5,955,763 4,177,826 * 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 368 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 369 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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