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COST METHOD INVESTMENTS (Notes)

12 Months Ended

Dec. 31, 2014

Cost Method Investments Disclosure [Abstract]

COST METHOD INVESTMENTS

25. COST METHOD INVESTMENTS

(in thousands of $)	2014			2013
Golar Partners	196,825			196,825
OLT Offshore LNG Toscana S.p.A ("OLT–O")	7,347			7,347
	204,172			204,172

Our investment in Golar Partners was $196.8 million and relates to our interests in the general partner units and IDR interests which were measured initially at fair value on the deconsolidation date, December 13, 2012 (see note 6). We made further contributions of $5.6 million to Golar Partners in connection with Golar Partners 2013 equity offerings. Dividends received for the year ended December 31, 2014 and 2013 in relation to our investments in Golar Partners' general partner units and IDRs amounted to $8.3 million and $6.0 million, respectively.

OLT-O is an Italian incorporated unlisted company, which is involved in the construction, development, operation and maintenance of an FSRU terminal to be situated off the Livorno coast of Italy.  As of December 31, 2014, our investment in OLT-O was $7.3 million, representing 2.7% interest in OLT–O's issued share capital. As of December 31, 2014 and 2013, in relation to our investment in OLT-O no dividends were received.

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- Definition

The entire disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the entity does not have the ability to exercise significant influence.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 325

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6872867&loc=d3e40691-111596

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