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VESSELS AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2016
Property, Plant and Equipment [Abstract] |
VESSELS AND EQUIPMENT, NET |
18. | VESSELS AND EQUIPMENT, NET
(in thousands of $) | 2016 |  | 2015 |
Cost | 2,167,247 |  | 2,572,740 |
Accumulated depreciation | (284,181 | ) | (236,596 | )
Net book value | 1,883,066 |  | 2,336,144 |
As at December 31, 2016, the carrying value of vessels presented within this caption refers to thirteen within our fleet (2015: fifteen). The decrease in vessels in 2016 is a result of the deconsolidation of Golar Power from July 2016, further described in note 7. This also excludes the carrying value of the Golar Tundra, which has been included within assets held-for-sale (see note 19) as of December 31, 2016 and 2015. Drydocking costs of $38.2 million and $43.1 million are included in the cost amounts above as of December 31, 2016 and 2015, respectively. Accumulated amortization of those costs as of December 31, 2016 and 2015 were $22.7 million and $18.2 million, respectively. Depreciation and amortization expense for each of the years ended December 31, 2016, 2015 and 2014 was $73.0 million, $73.7 million and $49.8 million, respectively. As at December 31, 2016 and 2015, vessels with a net book value of $2,106.1 million and $2,543.0 million, respectively, were pledged as security for certain debt facilities (see note 33). These totals include the Golar Tundra which has been classified as held-for-sale. As at December 31, 2016 and 2015, included in the above amounts is office equipment with a net book value of $3.9 million and $2.8 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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