MISC Annual Report 2017

MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 223 Financial Statements 12. SHIPS, OFFSHORE FLOATING ASSETS AND OTHER PROPERTY, PLANT AND EQUIPMENT (CONT'D.) (b) Recoverable amount determined from fair value less costs of disposal 7KH IDLU YDOXHV RI FHUWDLQ VKLSV DQG RIIVKRUH ŴRDWLQJ DVVHWV ZHUH GHWHUPLQHG EDVHG RQ YDOXDWLRQ SHUIRUPHG E\ DQ LQGHSHQGHQW YDOXHU EDVHG RQ FRPSDUDEOH VKLSV DQG RIIVKRUH ŴRDWLQJ DVVHWV DGMXVWHG IRU WKH FXUUHQW FRQGLWLRQ RI WKH DVVHWV 7KH IDLU YDOXH PHDVXUHPHQW ZDV FDWHJRULVHG DV /HYHO IDLU YDOXH DV GHƓQHG LQ 1RWH DD ,PSDLUPHQW RI 50 50 DQG 50 501LO IRU WKH *URXS DQG WKH &RUSRUDWLRQ UHVSHFWLYHO\ ZHUH UHFRJQLVHG XVLQJ WKLV EDVLV 13. PREPAID LEASE PAYMENTS ON LAND AND BUILDINGS Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 At 1 January $PRUWLVDWLRQ IRU WKH \HDU 1RWH Disposal of a subsidiary - - - Currency translation differences At 31 December Analysed as: Leasehold land - - Leasehold buildings ,QFOXGHG LQ OHDVHKROG ODQG RI WKH *URXS LV WKH FDUU\LQJ YDOXH RI D ORQJ WHUP OHDVHKROG DQG IRUHVKRUH ODQG RI D VXEVLGLDU\ RI 50 50 ZKLFK FDQQRW EH GLVSRVHG RII FKDUJHG RU VXEOHDVHG ZLWKRXW WKH SULRU FRQVHQW RI WKH -RKRU 6WDWH *RYHUQPHQW

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