board of directors - Petron

8. PROPERTY, PLANT AND EQUIPMENT (Continued)2001 2000RM'000 RM'000Leasehold lands (Net book value)Long leaseholds(unexpired period of fifty years or more) 104,575 82,329Short leaseholds 6,002 6,312110,577 88,6419. LONG TERM ASSETS AND RECEIVABLES2001 2000RM'000 RM'000Prepaid rentals and deposits 171,588 170,124Loans to dealers 3,967 3,892Employee receivables 3,635 3,066Others 3,011 1,018182,201 178,10010. INTANGIBLE ASSETS - SOFTWARE2001 2000RM'000 RM'000Computer software 17,622 12,746Accumulated amortisation (827) -Net intangible assets 16,795 12,746The Company has undertaken major projects to upgrade and integrate its computer systems. Thedevelopment and software costs for completed projects have been capitalised.11. INVENTORIES2001 2000RM'000 RM'000At cost:Crude oil 94,293 50,054Petroleum products 46,879 54,103Materials and supplies 8,239 7,899149,411 112,056As mentioned in note 2(d) to the financial statements, the cost of crude oil and petroleum productinventories is determined on the last-in, first-out basis. Application of the first-in, first-out basis indetermining the cost of crude oil and petroleum product inventories at December 31, 2001 wouldincrease the value by RM44,574,000 (2000: RM145,033,000).ANNUAL REPORT & ACCOUNTS 200133ESSO MALAYSIA BERHAD