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VESSELS AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2015
Property, Plant and Equipment [Abstract] |
VESSELS AND EQUIPMENT, NET |
18. | VESSELS AND EQUIPMENT, NET
(in thousands of $) | 2015 |  | 2014 |
Cost | 2,572,740 |  | 1,813,170 |
Accumulated depreciation | (236,596 | ) | (164,282 | )
Net book value | 2,336,144 |  | 1,648,888 |
As at December 31, 2015, we owned sixteen (2014: thirteen) vessels including the Golar Tundra. During the year ended December 31, 2015, we took delivery of four newbuildings. However, as of December 31, 2015, the Golar Tundra's carrying value has been excluded as she was classified as "held-for-sale". Drydocking costs of $43.1 million and $43.9 million are included in the cost amounts above as of December 31, 2015 and 2014, respectively. Accumulated amortization of those costs as of December 31, 2015 and 2014 were $18.2 million and $11.3 million, respectively. Depreciation and amortization expense for each of the years ended December 31, 2015, 2014 and 2013 was $73.7 million, $49.8 million and $36.9 million, respectively. As at December 31, 2015 and 2014, vessels with a net book value of $2,543.0 million and $1,997.7 million, respectively, were pledged as security for certain debt facilities (see note 35). These totals include vessels classified as held-for-sale which included the Golar Tundra with respect to 2015, and both the Golar Eskimo and the Golar Viking in 2014. As at December 31, 2015 and 2014, included in the above amounts is office equipment with a net book value of $2.8 million and $1.4 million, respectively.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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