MISC Annual Report 2017

MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 224 14. INTANGIBLE ASSETS Goodwill RM'000 Group Other intangible assets RM'000 Total RM'000 Cost At 1 January 2016 Addition - Disposal of a subsidiary - Write-off - Currency translation differences - At 31 December 2016/1 January 2017 Currency translation differences - At 31 December 2017 Accumulated amortisation and impairment At 1 January 2016 $PRUWLVDWLRQ IRU WKH \HDU 1RWH - Write-off - At 31 December 2016/1 January 2017 $PRUWLVDWLRQ IRU WKH \HDU 1RWH - At 31 December 2017 Net carrying amount $W 'HFHPEHU $W 'HFHPEHU The other intangible assets relate to the fair value at the date of acquisition of time charter hire contracts arising from acquisition RI VXEVLGLDULHV DQG DUH DPRUWLVHG RYHU WKH UHPDLQLQJ FKDUWHU SHULRG $V D UHVXOW RI WKH HDUO\ WHUPLQDWLRQ RI FHUWDLQ WLPH FKDUWHU FRQWUDFWV WKH RWKHU LQWDQJLEOH DVVHWV DPRXQWLQJ WR 50 KDV EHHQ ZULWWHQ RII LQ WKH SUHYLRXV ƓQDQFLDO \HDU 7KH DGGLWLRQ LQ WKH RWKHU LQWDQJLEOH DVVHWV DPRXQWLQJ WR 50 LQ WKH SUHYLRXV ƓQDQFLDO \HDU UHODWHV WR WKH IDLU YDOXH DW WKH GDWH RI DFTXLVLWLRQ RI ORQJ WHUP FXVWRPHU FRQWUDFWV IURP DFTXLVLWLRQ RI 0,6& 0DULWLPH 6HUYLFHV 6GQ %KG IRUPHUO\ NQRZQ DV 3(7521$6 0DULWLPH 6HUYLFHV 6GQ %KG

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