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IMPAIRMENT OF NON-CURRENT ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2018
IMPAIRMENT OF LONG-TERM ASSETS [Abstract] |
Impairment of non-current assets | The following table presents the impairment charge recognized in relation to equipment included in "Other non-current assets", acquired due to uncertainty of the future usage of this equipment:
(in thousands of $) | 2018 |  |  | 2017 |  |  | 2016 |
Impairment charge | — |  |  | — |  |  | 1,706 |
The following table presents the market values and carrying values of nine of our vessels that we have determined to have market values that are less than their carrying values as of December 31, 2018. 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. (in thousands of $)
Vessel | 2018 Market value (1) | 2018 Carrying value | Deficit
Golar Arctic | 76,750 | 134,400 | 57,650
Golar Seal | 178,750 | 179,000 | 250
Golar Bear | 182,000 | 183,900 | 1,900
Golar Frost | 182,000 | 187,700 | 5,700
Golar Viking | 78,250 | 112,300 | 34,050
Golar Glacier | 182,500 | 183,500 | 1,000
Golar Snow | 184,500 | 191,800 | 7,300
Golar Ice | 184,000 | 192,000 | 8,000
Golar Kelvin | 183,500 | 185,600 | 2,100
(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 exists. 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.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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
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