XML 47 R81.htm IDEA: XBRL DOCUMENT v2.4.0.6
DECONSOLIDATION OF GOLAR PARTNERS (Details) (USD $)
In Thousands, unless otherwise specified
0 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Golar LNG Partners
Dec. 13, 2012
Golar LNG Partners
Dec. 31, 2011
Golar LNG Partners
Dec. 13, 2012
Golar LNG Partners
Deconsolidation:            
Equity in net assets of non-consolidated investees $ 367,656 $ 22,529 $ 362,064 $ 362,799 [1] $ 0  
Gain on loss of control           $ 853,996
[1] Subordinated unitsAs of the deconsolidation date and December 31, 2012, the Company held 15.9 million units representing 100% of the subordinated units. The Company's holding in the subordinated units of Golar Partners have been accounted for under the equity method on the basis that the subordinated units are considered to be, in-substance, common stock for accounting purposes. The fair value on December 13, 2012, was determined based on the quoted market price of the listed common units as of the deconsolidation date but discounted principally for their non-tradability and subordinated dividend and liquidation rights during the subordination period. The subordination period will end on the satisfaction of various tests as prescribed in the Partnership Agreement, but will not end before March 31, 2016, except with the removal of the Company as the general partner. Upon the expiration of the subordination period, the subordinated units will convert into common units.