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Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The change in presentation for the period ended June 30, 2018 is as follows:

	Six Months Ended June 30, 2018
(in thousands of $)	As previously reported		Adjustments (decrease) increase		As adjusted
Change in fair value of derivative instruments	—		1,528		1,528
Change in fair value of oil derivative instrument	—		(108,300	)	(108,300	)
Change in assets and liabilities:
Other current and non-current assets	(105,056	)	111,499		6,443
Other current and non-current liabilities	43,764		(4,727	)	39,037

The change in presentation for the six months ended June 30, 2018 is as follows:

	Six Months Ended June 30, 2018
(in thousands of $)	As previously reported		Adjustments Increase/ (Decrease)		As adjusted
Gains on derivative instruments	—		1,068		1,068
Other financial items, net	594		(1,068	)	(474	)

Schedule of Price Risk Derivatives

The realized and unrealized gain on oil derivative instrument is as follows:

(in thousands of $)	Six months ended June 30,
	2019		2018
Realized gain on oil derivative instrument	7,395		3,048
Unrealized gain on oil derivative instrument	750		108,300
	8,145		111,348

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
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-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
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- Definition

Tabular disclosure of price risk derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

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