INVESTMENTS IN AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

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

At December 31, 2018 and 2017, we have the following participation in investments that are recorded using the equity method:



	2018		2017
Golar Partners ⁽¹⁾	32.0	%	31.8	%
Egyptian Company for Gas Services S.A.E ("ECGS")	50	%	50	%
Golar Power	50	%	50	%
OneLNG	51	%	51	%
The Cool Pool Limited ("Pool Manager") ⁽²⁾	50	%	33	%
Avenir LNG Limited ("Avenir")	22.5	%	—

(1) As of December 31, 2018, we held a 32.0% (2017: 31.8%) ownership interest in Golar Partners (including our 2% general partner interest) and 100% of the IDRs.

(2) The Pool Manager is a Marshall Islands service company that was established in September 2015 to facilitate the joint operations under the Cool Pool. Following the exit of one participant from the pool in June 2018, our participation increased to50%.

The carrying amounts of our investments in our equity method investments as at December 31, 2018 and 2017 are as follows:



(in thousands of $)	2018	2017
Golar Partners	271,160	467,097
Golar Power	266,151	228,696
OneLNG	—	2,047
Avenir	28,710	—
Others ⁽¹⁾	5,761	5,385
Equity in net assets of affiliates	571,782	703,225

¹ Others largely relate to our investment in ECGS amounting to $5.3 million and $5.4 million as at December 31, 2018 and 2017, respectively.

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



(in thousands of $)	2018		2017
Cost	981,196		877,810
Dividends	(336,286	)	(287,263	)
Equity in net earnings of affiliates	95,458		107,553
Impairment of investment in affiliate	(149,389	)	—
Share of other comprehensive income of affiliates	(19,197	)	5,125
Equity in net assets of affiliates	571,782		703,225

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, 2018									December 31, 2017
	ECGS	Golar Partners	Pool Manager	Golar Power		OneLNG		Avenir		ECGS	Golar Partners	Pool Manager	Golar Power		OneLNG
Balance Sheet
Current assets	22,955	164,529	98,448	79,029		4,884		78,591		37,476	311,496	40,661	61,374		14,955
Non-current assets	244	2,076,288	—	955,100		—		20,840		333	2,115,875	—	713,646		—
Current liabilities	11,510	323,508	98,448	285,447		8,741		1,760		25,836	180,087	40,661	60,033		10,941
Non-current liabilities	1,203	1,157,792	—	149,114		—		—		1,203	1,399,683	—	174,656		—
Non-controlling interests	—	79,902	—	1,541		—		—		—	76,544	—	—		—

Statement of Operations
Revenue	30,596	346,650	346,170	78,732		7		487		44,052	433,102	159,460	7,354		—
Net income (loss)	207	76,548	—	(10,202	)	(6,646	)	(975	)	1,047	144,848	—	(7,899	)	(14,883	)