XML 36 R18.htm IDEA: XBRL DOCUMENT v3.19.1
(LOSSES) GAINS ON DERIVATIVE INSTRUMENTS AND OTHER FINANCIAL ITEMS, NET
 12 Months Ended
Dec. 31, 2018
OTHER FINANCIAL ITEMS, NET [Abstract]  
(LOSSES) GAINS ON DERIVATIVE INSTRUMENTS AND OTHER FINANCIAL ITEMS, NET
10.
(LOSSES) GAINS ON DERIVATIVE INSTRUMENTS AND OTHER FINANCIAL ITEMS, NET


(Losses) gains on derivative instruments comprise of the following:
(in thousands of $)
2018

 
2017

 
2016

Mark-to-market adjustment for interest rate swap derivatives (see note 27)
604

 
6,614

 
2,818

Mark-to-market adjustment for equity derivatives (see note 27)
(30,663
)
 
16,622

 
24,819

Mark-to-market adjustment for foreign exchange swap derivatives
(1,151
)
 
821

 
(993
)
Unrealized mark-to-market (losses) gains on Earn-Out Units (see note 19)
(7,400
)
 
441

 
—

Interest income (expense) on undesignated interest rate swaps (see note 27)
8,069

 
(3,802
)
 
(10,153
)
 
(30,541
)
 
20,696

 
16,491



Other financial items, net comprise of the following:
(in thousands of $)
2018

 
2017

 
2016

Impairment of loan (1)
—

 
—

 
(7,627
)
Financing arrangement fees and other costs
(244
)
 
(677
)
 
(404
)
Amortization of debt guarantee
861

 
1,548

 
1,563

Foreign exchange loss on operations
(1,997
)
 
(888
)
 
(1,909
)
Other
(101
)
 
(52
)
 
577

 
(1,481
)
 
(69
)
 
(7,800
)
(1) Given the announcement of a negative Final Investment Decision from the Douglas Channel Project consortium in 2014, we reassessed the recoverability of the loan and accrued interest receivables from the Douglas Channel LNG Assets Partnership ("DCLAP") and concluded that DCLAP would not have the means to satisfy its obligations under the loan. Accordingly, we recognized an impairment charge of $7.6 million in 2016.