XML 87 R51.htm IDEA: XBRL DOCUMENT
v3.7.0.1

IMPAIRMENT OF LONG-TERM ASSETS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
IMPAIRMENT OF LONG-TERM ASSETS [Abstract] |
Impairment of long-term assets | The following table presents the market values and carrying values of eight of our vessels that we have determined to have market values that are less than their carrying values as of December 31, 2016. However, based on the estimated future undiscounted cash flows of these vessels, which are significantly greater than the respective carrying values, no impairment was recognized on these vessels. (in thousands of $)
Vessel | 2016 Market value(1) | 2016 Carrying value | Deficit
Gandria | 20,300 | 23,300 | 3,000
Golar Arctic | 108,300 | 143,500 | 35,200
Golar Frost | 197,300 | 199,500 | 2,200
Golar Glacier | 190,500 | 195,000 | 4,500
Golar Ice | 193,000 | 204,100 | 11,100
Golar Kelvin | 192,000 | 197,200 | 5,200
Golar Snow | 193,000 | 203,700 | 10,700
Golar Viking | 111,300 | 120,400 | 9,100
(1) Market values are determined using reference to average broker values provided by independent brokers. Broker values are considered an estimate of the market value for the purpose of determining whether an impairment trigger exist. Broker values are commonly used and accepted by our lenders in relation to determining compliance with relevant covenants in applicable credit facilities for the purpose of assessing security quality. Since vessel values can be volatile, our estimates of market value may not be indicative of either the current or future prices we could obtain if we sold any of the vessels. In addition, the determination of estimated market values may involve considerable judgment, given the illiquidity of the second-hand markets for these types of vessels. Long-lived assets The following table presents the impairment charge recognized in relation to equipment acquired due to uncertainty of the future usage of this equipment:
(in thousands of $) | 2016 |  |  | 2015 |  |  | 2014 |
Impairment charge | 1,706 |  |  | 1,957 |  |  | 500 |

X
- Definition IMPAIRMENT OF LONG-TERM ASSETS [Abstract] + References No definition available. + Details
Name: | glng_ImpairmentOfLongTermAssetsAbstract
Namespace Prefix: | glng_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -URI http://asc.fasb.org/extlink&oid=27011434&loc=d3e125687-122742 + Details
Name: | us-gaap_DetailsOfImpairmentOfLongLivedAssetsHeldAndUsedByAssetTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration