XML 89 R61.htm IDEA: XBRL DOCUMENT v2.4.1.9

INVESTMENTS IN AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Participation percentages, carrying amounts and components of non-consolidated investees

At December 31, 2014 and 2013, we have the following participation in investments that are recorded using the equity method:

	2014			2013
Golar Partners (1)	25.4	%		25.4	%
Egyptian Company for Gas Services S.A.E ("ECGS")	50	%		50	%
Golar Wilhelmsen Management AS ("Golar Wilhelmsen")	60	%		60	%

(1) We held a 41.4% ownership in Golar Partners as of December 31, 2014 and 2013. However the 25.4% 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, 2014 and 2013 are as follows:

(in thousands of $)	2014			2013
Golar Partners	328,853			344,858
ECGS	5,942			5,782
Golar Wilhelmsen	577			278
Equity in net assets of affiliates	335,372			350,918

The components of equity in net assets of non-consolidated affiliates are as follows:

(in thousands of $)	2014			2013
Cost	374,729			374,729
Dividend	(68,127	)		(33,363	)
Equity in net earnings of other affiliates	28,141			8,698
Share of other comprehensive income in affiliate	629			854
Equity in net assets of affiliates	335,372			350,918

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, 2014						December 31, 2013
	Golar Wilhelmsen		ECGS		Golar Partners		Golar Wilhelmsen		ECGS		Golar Partners
Balance Sheet
Current assets	2,096		37,159		141,556		4,422		38,365		136,379
Non-current assets	5		3,224		1,814,646		6		156		1,584,840
Current liabilities	1,044		28,711		277,874		3,312		25,934		241,072
Non-current liabilities	—		20		1,076,589		400		1,183		910,020
Non-controlling interest	—		—		67,618		—		—		70,777
Statement of Operations
Revenue	6,732		78,946		396,026		5,957		75,309		329,190
Net income	479		1,508		184,735		695		1,318		150,819

X

- Definition

Schedule of Summarized Financial Information of Affiliate Investments [Table Text Block]

+ References

No definition available.

+ Details

Name:	glng_ScheduleOfSummarizedFinancialInformationOfAffiliateInvestmentsTableTextBlock
Namespace Prefix:	glng_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration