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INVESTMENTS IN AFFILIATES AND JOINT VENTURES (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

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

At December 31, 2016 and 2015, we have the following participation in investments that are recorded using the equity method:

	2016			2015
Golar Partners (1)	33.9	%		30.7	%
Egyptian Company for Gas Services S.A.E ("ECGS")	50	%		50	%
Golar Power Limited ("Golar Power")	50	%		—	%
OneLNG	51	%		—	%
The Cool Pool Limited ("Pool Manager") (2)	33	%		33	%

(1) As of December 31, 2016, we held a 33.9% (2015: 30.7%) ownership interest in Golar Partners and 100% of IDRs.

(2) Pool Manager is a Marshall Islands service company that was established in September 2015 to facilitate the joint operations under the Cool Pool.

The carrying amounts of our investments in our equity method investments as at December 31, 2016 and 2015 are as follows:

(in thousands of $)	2016			2015
Golar Partners	507,182			536,090
ECGS	4,864			5,475
Golar Power	126,534			—
OneLNG	10,200			—
Equity in net assets of affiliates	648,780			541,565

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

(in thousands of $)	2016			2015
Cost	746,918			635,714
Dividend	(234,597	)		(179,079	)
Equity in net earnings of other affiliates	133,001			85,122
Share of other comprehensive (loss) income in affiliate	3,458			(192	)
Equity in net assets of affiliates	648,780			541,565

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, 2016											December 31, 2015
	ECGS		Golar Partners		Pool Manager		Golar Power		OneLNG			ECGS		Golar Partners		Pool Manager
Balance Sheet
Current assets	34,415		160,927		9,695		59,419		19,939			38,030		131,851		4,901
Non-current assets	163		2,091,781		—		567,646		—			205		2,099,811		—
Current liabilities	23,648		215,472		9,695		60,613		1,137			27,320		262,966		4,901
Non-current liabilities	1,203		1,432,807		—		211,060		—			20		1,372,181		—
Non-controlling interest	—		67,976		—		—		—			—		66,765		—
Statement of Operations
Revenue	60,786		441,598		73,348		4,059		—			72,298		434,687		8,356
Net (loss) income	(595	)	185,742		—		21,068		(1,200	)		661		172,683		—

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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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