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INVESTMENTS IN AFFILIATES (Restated) (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

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

At December 31, 2015 and 2014, we have the following participation in investments that are recorded using the equity method:

	2015			2014
	Restated			Restated
Golar Partners (1)	30.7	%		41.4	%
The Cool Pool Limited ("Pool Manager")	33	%		—	%
Egyptian Company for Gas Services S.A.E ("ECGS")	50	%		50	%
Golar Wilhelmsen Management AS ("Golar Wilhelmsen")	100	%		60	%

(1) As of December 31, 2015, we held a 30.7% (2014: 41.4%) ownership interest in Golar Partners and 100% (2014: 100%) of IDR's.

The carrying amounts of our investments in our equity method investments as at December 31, 2015 and 2014 are as follows:

(in thousands of $)	2015			2014
	Restated			Restated
Golar Partners	536,090			739,744
ECGS	5,475			5,942
Golar Wilhelmsen (1)	—			577
Equity in net assets of affiliates	541,565			746,263

(1) Effective September 4, 2015, we ceased equity accounting for our interests in Golar Wilhelmsen, pursuant to the acquisition of the remaining 40% interest in the entity. Accordingly, as of this date, Golar Wilhelmsen became a wholly-owned subsidiary.

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

(in thousands of $)	2015			2014
	Restated			Restated
Cost	635,714			805,595
Dividend	(179,079	)		(126,281	)
Equity in net earnings of other affiliates	85,122			62,319
Share of other comprehensive (loss) income in affiliate	(192	)		4,630
Equity in net assets of affiliates	541,565			746,263

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, 2015							December 31, 2014
	ECGS		Golar Partners		Pool Manager			Golar Wilhelmsen		ECGS		Golar Partners
Balance Sheet
Current assets	35,042		131,851		4,901			2,096		37,159		141,556
Non-current assets	3,200		2,113,487		—			5		3,224		1,814,646
Current liabilities	27,272		266,012		216			1,044		28,711		277,874
Non-current liabilities	20		1,382,811		—			—		20		1,076,589
Non-controlling interest	—		66,765		—			—		—		67,618
Statement of Operations
Revenue	72,294		434,687		8,356			6,732		78,946		396,026
Net income	730		172,683		—			479		1,508		184,735

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

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- 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=66011266&loc=d3e33918-111571

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