XML 47 R86.htm IDEA: XBRL DOCUMENT v2.4.0.8
DECONSOLIDATION OF GOLAR PARTNERS - Accounting for Basis Difference (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 13, 2012
Golar LNG Partners
 
Basis Difference:  
Vessels and Equipment $ 122,591 [1],[2]
Charter agreements 126,124 [2],[3]
Goodwill 110,371 [2],[4]
Assets 359,086 [2]
Percentage of total fair value adjustment 24.80% [2]
Investment in Equity, share of book value 100.00%
Equity method Share of fair Value 100.00%
Equity Method investment, basis difference 100.00%
Golar LNG Partners
 
Book value:  
Vessels and equipment 1,192,779 [1]
Charter agreements 0 [3]
Goodwill 0 [4]
Assets 1,192,779
Fair Value:  
Vessels and equipment 1,687,162 [1]
Charter agreements 508,631 [3]
Goodwill 445,100 [4]
Assets 2,640,893
Basis Difference:  
Vessels and Equipment 494,383 [1]
Charter agreements 508,631 [3]
Goodwill 445,100 [4]
Assets $ 1,448,114
[1] The basis difference assigned to vessels and equipment is being depreciated over the remaining estimated useful lives of the vessels and is recorded as a component of "Equity in net earnings (losses) of affiliates".
[2] Our share of the basis difference is with reference to our holding in the subordinated units only.
[3] The basis difference relating to the charter agreements is being amortized over the remaining term of the charters and is recorded as a component of "Equity in net earnings (losses) of affiliates".
[4] For the assigned goodwill, we will recognize our share of any impairment charge recorded by Golar Partners and consider the effect, if any, of the impairment on the assigned goodwill.