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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Interest rate derivatives | As of December 31, 2013, we have entered into the following interest rate swap transactions involving the payment of fixed rates in exchange for LIBOR as summarized below. The summary also includes those that are designated as cash flow hedges:
Instrument (in thousands of $) | Notional value |  |  | Maturity Dates |  | Fixed Interest Rates
Interest rate swaps: |  |  |  |  |
Receiving floating, pay fixed | 128,021 |  |  | 2015 |  | 3.57% to 4.52%
Effect of cash flow hedging relationships on statements of operations | The effect of cash flow hedging relationships relating to swap agreements on the consolidated statements of operations is as follows:
(in thousands of $) | Effective portion (Loss)/gain reclassified from Accumulated Other Comprehensive Loss |  | Ineffective Portion
Derivatives designated as hedging instruments location | 2013 |  |  | 2012 |  |  | 2011 |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Interest rate swaps Other financial items, net | (1,644 | ) |  | — |  |  | — |  |  | 542 |  |  | (535 | ) |  | (632 | )
Interest rate swaps Gain on sale of Maria, net | 2,370 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Effect of cash flow hedging relationships on statements of changes in equity | The effect of cash flow hedging relationships relating to interest rate swap agreements to the consolidated statements of changes in equity is as follows:
(in thousands of $) | Amount of gain recognized in other comprehensive income on derivative (effective portion)
Derivatives designated as hedging instruments | 2013 |  |  | 2012 |  |  | 2011 |
Interest rate swaps | 4,147 |  |  | 1,547 |  |  | 1,024 |
Fair value hierarchy of derivative and non-derivative financial instruments | The fair value hierarchy has three levels based on reliability of inputs used to determine fair value as follows: Level 1: Quoted market prices in active markets for identical assets and liabilities; Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data; Level 3: Unobservable inputs that are not corroborated by market data. There have been no transfers between different levels in the fair value hierarchy during the year.
| Fair value |  | 2013 |  |  | 2013 |  |  | 2012 |  |  | 2012 |
(in thousands of $) | Hierarchy(1) |  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Non-Derivatives: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | Level 1 |  | 125,347 |  |  | 125,347 |  |  | 424,714 |  |  | 424,714 |
Restricted cash and short-term investments | Level 1 |  | 26,543 |  |  | 26,543 |  |  | 1,551 |  |  | 1,551 |
Investment in available-for-sale securities | Level 1 |  | 267,352 |  |  | 267,352 |  |  | 353,034 |  |  | 353,034 |
Cost method investments | Level 3 |  | 204,172 |  |  | 218,647 |  |  | 198,524 |  |  | 200,747 |
Amounts due from Golar Partners | Level 1 |  | — |  |  | — |  |  | 34,953 |  |  | 36,109 |
Long-term debt – convertible bond (1) | Level 1 |  | 233,020 |  |  | 254,063 |  |  | 228,331 |  |  | 251,250 |
Long-term debt – floating (1) | Level 1 |  | 434,008 |  |  | 434,008 |  |  | 276,575 |  |  | 276,575 |
Long-term debt - due to related party (1) | Level 1 |  | 50,000 |  |  | 50,000 |  |  | — |  |  | — |
Derivatives: |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps asset (2) (3) | Level 2 |  | 46,827 |  |  | 46,827 |  |  | — |  |  | — |
Interest rate swaps liability (2) | Level 2 |  | 11,401 |  |  | 11,401 |  |  | 26,472 |  |  | 26,472 |
Foreign currency swaps liability | Level 2 |  | 729 |  |  | 729 |  |  | 94 |  |  | 94 |
(1) Our debt obligations are recorded at amortized cost in the consolidated balance sheet. (2) Derivative liabilities are captured within other current liabilities and derivative assets are captured within long-term assets on the balance sheet. (3) The fair value/carrying value of interest rate swap agreements that qualify and are designated as a cash flow hedge as at December 31, 2013 and 2012, was $5.3 million (with a notional value of $128.0 million) and $12.9 million (with a notional value of $180.1 million), respectively. The expected maturity of these interest rate agreements is from January 2015 to April 2015.
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location [Table Text Block] | The following table summarizes the fair value of derivative instruments on a gross basis recorded in our consolidated balance sheets as of December 31, 2013 and 2012:
| Balance sheet classification | 2013 |  |  | 2012 |
(in thousands of $) |  |  |  |
Asset Derivatives |  |  |  |
Interest rate swaps not designated as hedges | Other non-current assets | 46,827 |  |  | — |
Liability Derivatives |  |  |  |
Interest rate swaps designated as hedges | Other current liabilities | 6,072 |  |  | 12,950 |
Interest rate swaps not designated as hedges | Other current liabilities | 5,329 |  |  | 13,522 |
Foreign currency swap not designated as hedge | Other current liabilities | 729 |  |  | 94 |
Total liability derivatives |  | 12,130 |  |  | 26,566 |
Offsetting Assets [Table Text Block] | We have elected not to offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable master netting arrangements. However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in our consolidated balance sheets as of December 31, 2013 and 2012 would be adjusted as detailed in the following table:
| 2013 | 2012
| Gross amounts presented in the consolidated balance sheet | Gross amounts not offset in the consolidated balance sheet subject to netting agreements | Net amount | Gross amounts presented in the consolidated balance sheet | Gross amounts not offset in the consolidated balance sheet subject to netting agreements | Net amount
(in thousands of $) |  |  |  |  |  |
Total asset derivatives | 46,827 |  | (4,327 | ) | 42,500 |  | — |  | — |  | — |
Total liability derivatives | 12,130 |  | (4,327 | ) | 7,803 |  | 26,566 |  | — |  | 26,566 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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