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Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Schedule of Price Risk Derivatives

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

(in thousands of $)	Nine months ended September 30,
	2019		2018
Realized gain on oil derivative instrument	11,979		14,318
Unrealized (loss)/gain on oil derivative instrument	(43,420	)	185,770
	(31,441	)	200,088

Schedule of Error Corrections and Prior Period Adjustments

This presentation change has been retrospectively restated for the nine months ended September 30, 2018 as follows:

Unaudited Consolidated Statements of Income	Nine months ended September 30, 2018
(in thousands of $)	As previously reported		Adjustments Increase/ (Decrease)		As adjusted
(Losses)/gains on derivative instruments	(12,258	)	5,322		(6,936	)
Other financial items, net	4,621		(5,322	)	(701	)

Unaudited Statements of Cashflow	Nine months ended September 30, 2018
(in thousands of $)	As previously reported		Adjustments (decrease) increase		As adjusted
Change in fair value of derivative instruments	12,258		(5,322	)	6,936
Change in assets and liabilities:
Accrued expenses	9,681		5,322		15,003

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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.

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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.

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