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INVESTMENTS IN AFFILIATES (Tables) | 12 Months Ended
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Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract] |
Participation percentages, carrying amounts and components of non-consolidated investees | At December 31, 2013 and 2012, we have the following participation in investments that are recorded using the equity method:
| 2013 |  |  | 2012 |
Golar Partners (1) (2) | 25.4 | % |  | 29.9 | %
Egyptian Company for Gas Services S.A.E ("ECGS") | 50 | % |  | 50 | %
Golar Wilhelmsen Management AS ("Golar Wilhelmsen") | 60 | % |  | 60 | %
(1) Golar Partners and its subsidiaries were included in our consolidated financial statements until December 13, 2012, following its first AGM upon which the majority of directors were elected by the common unitholders, Golar Partners was deconsolidated and our interests in the subordinated units were accounted for under the equity method from that date (see note 5 for further details). (2) We held a 41.4% (2012: 54.1%) ownership in Golar Partners as of December 31, 2013. However the 25.4% (2012: 29.9%) interest refers only to our interests in the subordinated units which are subject to the equity method accounting. The carrying amounts of our investments in our equity method investments as at December 31, 2013 and 2012 are as follows:
(in thousands of $) | 2013 |  |  | 2012 |
Golar Partners | 344,858 |  |  | 362,064 |
ECGS | 5,782 |  |  | 5,592 |
Golar Wilhelmsen | 278 |  |  | — |
Equity in net assets of affiliates | 350,918 |  |  | 367,656 |
The components of equity in net assets of non-consolidated affiliates are as follows:
(in thousands of $) | 2013 |  |  | 2012 |
Cost | 374,729 |  |  | 374,729 |
Dividend | (33,363 | ) |  | (125 | )
Equity in net earnings (losses) of other affiliates | 8,698 |  |  | (6,948 | )
Share of other comprehensive income in affiliate | 854 |  |  | — |
Equity in net assets of affiliates | 350,918 |  |  | 367,656 |
Summarized financial information of affiliated undertakings | Summarized financial information of the affiliated undertakings shown on a 100% basis are as follows:
(in thousands of $) | December 31, 2013 | December 31, 2012
| Golar Wilhelmsen |  | ECGS |  | Golar Partners |  | Golar Wilhelmsen |  | ECGS |  | Golar Partners |
Balance Sheet |  |  |  |  |  |
Current assets | 4,422 |  | 38,365 |  | 136,379 |  | 7,690 |  | 31,853 |  | 107,370 |
Non-current assets | 6 |  | 156 |  | 1,584,840 |  | — |  | 1,368 |  | 1,403,604 |
Current liabilities | 3,312 |  | 25,934 |  | 241,072 |  | 7,667 |  | 20,859 |  | 169,717 |
Non-current liabilities | 400 |  | 1,183 |  | 910,020 |  | — |  | 1,183 |  | 1,099,713 |
Non-controlling interest | — |  | — |  | 70,777 |  | — |  | — |  | 71,858 |
Statement of Operations |  |  |  |  |  |
Revenue | 5,957 |  | 75,309 |  | 329,190 |  | 4,245 |  | 61,769 |  | 286,630 |
Net income (loss) | 695 |  | 1,318 |  | 150,819 |  | (494 | ) | 849 |  | 127,141 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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