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TAXATION (Tables) | 12 Months Ended
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Dec. 31, 2011
Income Tax Disclosure [Abstract] |
Components of income tax expense (benefit) | The components of income tax expense are as follows:
(in thousands of $) | 2011 |  |  | 2010 |  |  | 2009 |
Current tax expense (income): |  |  |  |  |
U.K. | 2,733 |  |  | 1,030 |  |  | (218 | )
Brazil | 1,363 |  |  | 1,595 |  |  | 1,098 |
Total current expense | 4,096 |  |  | 2,625 |  |  | 880 |
Deferred tax expense (income): |  |  |  |  |  |  |
U.K. | 886 |  |  | (1,198 | ) |  | 763 |
Amortization of tax benefit arising on intra-group transfers of long term assets (see note 25) | (6,687 | ) |  | — |  |  | — |
Total income tax (gain) expense | (1,705 | ) |  | 1,427 |  |  | 1,643 |
Deferred income tax assets | Deferred income tax assets are summarized as follows:
(in thousands of $) | 2011 |  |  | 2010 |
Deferred tax assets, gross | 622 |  |  | 1,630 |
Valuation allowances | — |  |  | (399 | )
Deferred tax assets, net | 622 |  |  | 1,231 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 9 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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