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RESTRICTED CASH AND SHORT-TERM INVESTMENTS | 12 Months Ended
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Dec. 31, 2012
RESTRICTED CASH AND SHORT-TERM INVESTMENTS [Abstract] |
RESTRICTED CASH AND SHORT-TERM INVESTMENTS |
20. | RESTRICTED CASH AND SHORT-TERM INVESTMENTS
The Company's restricted cash and short-term investment balances are as follows:
(in thousands of $) | 2012 |  |  | 2011 |
Restricted cash relating to projects | 1,551 |  |  | 3,500 |
Golar Partners and subsidiaries' restricted cash |  |  |
Total security lease deposits for lease obligations | — |  |  | 190,516 |
Restricted cash and short-term investments relating to the Mazo facility | — |  |  | 10,254 |
Restricted cash relating to the Freeze facility | — |  |  | 9,012 |
| 1,551 |  |  | 213,282 |
As of December 31, 2012, the Company's restricted cash relates only to bid bonds in respect of project tenders entered into by the Company. Some tenders require bid bonds to ensure that the bidder fully complies with the tender terms and conditions. Bid bonds are returned if the tender is unsuccessful or, if the contract is won, upon the signing of the contract or can be forfeited by the bidder if certain tender criteria are not fulfilled. The decrease in restricted cash is a result of the deconsolidation of Golar Partners from December 13, 2012 (see note 5). As a result, Golar Partners has been considered an affiliate and not a controlled subsidiary of the Company and its restricted cash balances are not consolidated in the balance sheet as of December 31, 2012. Consequently, additional disclosures have not been included here. Restricted cash does not include minimum consolidated cash balances of $25 million (see note 27) required to be maintained as part of the financial covenants in some of the Company's loan facilities, as these amounts are included in "Cash and cash equivalents". The analysis of short-term restricted cash and short-term investments at December 31, 2012 and 2011 is as follows:
(in thousands of $) | 2012 |  |  | 2011 |
Restricted cash relating to projects | 1,551 |  |  | 3,500 |
Golar Partners and subsidiaries' restricted cash |  |  |
Lease security deposits | — |  |  | 5,246 |
Restricted cash and short-term investments relating to the Mazo facility (see note 27) | — |  |  | 10,254 |
Restricted cash relating to the Freeze facility (see note 27) | — |  |  | 9,012 |
Short-term restricted cash and short-term investments | 1,551 |  |  | 28,012 |

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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. + References No definition available. + Details
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