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RELATED PARTY TRANSACTIONS (Details) (USD $)
12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Apr. 30, 2003
Apr. 30, 2011
Secured debt
World Shipholding facility
Mar. 31, 2011
Secured debt
World Shipholding facility
Apr. 30, 2011
Secured debt
World Shipholding facility
Rate in excess of LIBOR
Dec. 31, 2011
Frontline
Dec. 31, 2010
Frontline
Dec. 31, 2009
Frontline
Dec. 31, 2011
Seatankers
Dec. 31, 2010
Seatankers
Dec. 31, 2009
Seatankers
Dec. 31, 2011
Ship Finance
Dec. 31, 2010
Ship Finance
Dec. 31, 2009
Ship Finance
Dec. 31, 2011
Golar Wilhelmsen
Dec. 31, 2010
Golar Wilhelmsen
Dec. 31, 2009
Golar Wilhelmsen
Dec. 31, 2011
Bluewater Gandria
Dec. 31, 2010
Bluewater Gandria
Dec. 31, 2009
Bluewater Gandria
Dec. 31, 2011
World Shipholding
Dec. 31, 2010
World Shipholding
Dec. 31, 2009
World Shipholding
Apr. 30, 2011
World Shipholding
Secured debt
World Shipholding facility
Mar. 31, 2011
World Shipholding
Secured debt
World Shipholding facility
Jun. 30, 2009
World Shipholding
Secured debt
World Shipholding facility
Apr. 30, 2011
World Shipholding
Secured debt
World Shipholding facility
Rate in excess of LIBOR
Dec. 31, 2011
World Shipholding, loan
Dec. 31, 2010
World Shipholding, loan
Dec. 31, 2011
World Shipholding, other
Dec. 31, 2010
World Shipholding, other
Dec. 31, 2011
Faraway Maritime Shipping Company
Dec. 31, 2010
Faraway Maritime Shipping Company
Dec. 31, 2009
Faraway Maritime Shipping Company
Dec. 31, 2011
Golar LNG Partners
Dec. 31, 2010
Golar LNG Partners
Dec. 31, 2009
Golar LNG Partners
Related Party Transaction:                                                                              
Net (expenses) income (due to) from related parties               $ (972,000) [1] $ (984,000) [1] $ (261,000) [1] $ (64,000) [1] $ (62,000) [1] $ (82,000) [1] $ 190,000 [1] $ 161,000 [1] $ 195,000 [1] $ (2,816,000) [2] $ 0 [2] $ 0 [2] $ 125,000 [2] $ 0 [2] $ 0 [2] $ (2,302,000) [3] $ (532,000) [3] $ 0 [3]                            
Receivables (payables) from related parties (100,824,000) (10,216,000)           181,000 (278,000)   (44,000) (62,000)   48,000 124,000         125,000 0                 (80,000,000) [3] (10,000,000) [3] (21,134,000) [4] 0 [4]            
Ownership percentage, equity method investment                                 60.00%     50.00%                                      
Maximum borrowing capacity         80,000,000                                         80,000,000   80,000,000                      
Stated interest rate                                                       8.00%                      
Commitment fee percentage         0.75%                                         0.75%   0.75%                      
Extinguishment of debt, amount           80,000,000                                         10,000,000                        
Basis spread on variable rate             3.50%                                           3.50%                    
Interest and commitment fee expense                                             1,900,000 300,000 0                            
Ownership interest percentage                                             46.00% 45.80%                   40.00%          
Dividends outstanding 0 [5] (30,410,000) [5] 0 [5]                                       21,100,000                                
Interest incurred on unpaid dividends                                             100,000                                
Non-controlling interest dividends 12,532,000 3,120,000 1,360,000                                                             2,400,000 3,120,000 1,360,000 10,132,000 0 0
Percentage ownership in subsidiary       100.00%                                                           60.00%     65.00%    
Subsidiary distributions to noncontrolling interests                                                                         $ 10,100,000    
[1] Net expense/income from Frontline, Seatankers and Ship Finance comprise fees for management support, corporate and insurance administrative services, net of income from supplier rebates and income from the provision of serviced offices and facilities. Receivables and payables with related parties comprise primarily of unpaid management fees, advisory and administrative services. In addition, certain receivables and payables arise when the Company pays an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Frontline, Seatankers and Ship Finance and World Shipholding are each subject to significant influence or the indirect control of Trusts established by our chairman, John Fredriksen, for the benefit of his immediate family.
[2] As of December 31, 2011 the Company had a 50% and 60% equity interests in Bluewater Gandria and Golar Wilhelmsen, respectively, which it accounts for using the equity method (see note 11). The charges to Bluewater relate to agency fees. While Golar Wilhelmsen recharges management fees in relation to provision of technical and ship management services.
[3] World Shipholding revolving credit facility - In June 2009, the Company entered into an $80 million revolving credit facility with the Company's major shareholder, World Shipholding. The interest was fixed at 8% per annum with a commitment fee of 0.75% on any undrawn amounts available under the facility. The facility was due to expire in June 2011. In March 2011, the outstanding balance under the facility of $10 million was repaid. In April 2011, the Company entered into a new $80 million revolving credit facility with a company related to World Shipholding. The facility bears interest at LIBOR plus 3.5% together with a commitment fee of 0.75% of any undrawn portion of the credit facility (see note 23 for detail).For each of the years ended December 31, 2011, 2010 and 2009, included within net expenses due to World Shipholding, include loan interest and commitment fees of $1.9 million, $0.3 million and $nil, respectively.As of December 31, 2011, World Shipholding, which is indirectly controlled by Trusts established by John Fredriksen for the benefit of his immediate family, owned 46% (2010: 45.80%) of Golar.
[4] Unpaid dividends to World Shipholding – As of December 31, 2011, $21.1 million was outstanding in respect of unpaid dividends relating to the second and third quarters of 2011. The interest incurred on the unpaid dividends was $0.1 million for the year ended December 31, 2011.
[5] In 2010, the Company issued stock dividends in its subsidiary, Golar LNG Energy Ltd ("Golar Energy")