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OTHER RECEIVABLES, PREPAID EXPENSES AND ACCRUED INCOME

12 Months Ended

Dec. 31, 2014

OTHER RECEIVABLES, PREPAID EXPENSES AND ACCRUED INCOME [Abstract]

OTHER RECEIVABLES, PREPAID EXPENSES AND ACCRUED INCOME

17. OTHER RECEIVABLES, PREPAID EXPENSES AND ACCRUED INCOME

(in thousands of $)	2014			2013
Prepaid expenses	3,119			1,236
Other receivables	12,102			12,968
Corporation tax receivable	2,277			370
	17,498			14,574

As of December 31, 2014 and 2013, included in other receivables is a short-term loan of $8.1 million and $9.1 million respectively, provided to one of our partners in the Douglas Channel project. The loan is secured, repayable on demand and earns interest at six-month LIBOR plus a margin. We believe that the carrying amount of this short-term loan is recoverable (see note 38).

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- Definition

The entire disclosure for the company's other receivables, prepaid expenses and accrued income during the reporting period.

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