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VESSELS AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2018
Property, Plant and Equipment [Abstract] |
VESSELS AND EQUIPMENT, NET |
18. | VESSELS AND EQUIPMENT, NET
(in thousands of $) | 2018 |  | 2017 |
Cost |  |
As of January 1 | 2,431,136 |  | 2,438,720 |
Additions | 11,304 |  | 1,349 |
Transfer from asset under development (1) | 1,296,431 |  | — |
Transfer to asset under development | (90,828 | ) | — |
Write-offs | (9,995 | ) | (8,933 | )
As of December 31 | 3,638,048 |  | 2,431,136 |
Depreciation, amortization and impairment |  |
As of January 1 | (354,077 | ) | (284,889 | )
Charge for the year (2) | (93,415 | ) | (76,522 | )
Transfer to asset under development | 70,828 |  | — |
Write-offs | 9,995 |  | 7,334 |
As of December 31 | (366,669 | ) | (354,077 | )
|  | — |
Net book value as at December 31 | 3,271,379 |  | 2,077,059 |
(1) On completion of the Hilli FLNG conversion and commissioning, we reclassified the total balance from "Asset under development" in our consolidated balance sheet as of December 31, 2018. Capitalized interest costs of $148.1 million are included in the cost amounts above as of December 31, 2018. (2) Depreciation and amortization charge for the year ended December 31, 2018 excludes $0.3 million of amortization charged to non-current assets in relation to the Cameroon License fee. Drydocking costs of $133.3 million and $37.4 million are included in the cost amounts above as of December 31, 2018 and 2017, respectively. Accumulated amortization of those costs as of December 31, 2018 and 2017 were $26.0 million and $24.3 million, respectively. Depreciation and amortization expense for each of the years ended December 31, 2018, 2017 and 2016 was $93.4 million, $76.5 million and $73.0 million, respectively. As at December 31, 2018 and 2017, vessels with a net book value of $3,244.3 million and $2,032.7 million, respectively, were pledged as security for certain debt facilities (see note 30). As at December 31, 2018 and 2017, included in the above amounts is office equipment with a net book value of $5.7 million and $3.9 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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