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INVESTMENTS IN AFFILIATES (Tables) | 12 Months Ended
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Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Participation percentages, carrying amounts and components of non-consolidated investees | At December 31, 2019 and 2018, we have the following participation in investments that are recorded using the equity method:
| 2019 |  | 2018
Golar Partners (1) | 32.0 | % |  | 32.0 | %
Egyptian Company for Gas Services S.A.E ("ECGS") | 50 | % |  | 50 | %
Golar Power | 50 | % |  | 50 | %
OneLNG | 51 | % |  | 51 | %
The Cool Pool Limited ("Pool Manager") | 100 | % |  | 50 | %
Avenir LNG Limited ("Avenir") | 22.5 | % |  | 22.5 | %
Cool Company Limited ("Cool Co") | 100 | % |  | 49.5 | %
(1) As of December 31, 2019, we held a 32.0% (2018: 32.0%) ownership interest in Golar Partners (including our 2% general partner interest) and 100% of the IDRs. The carrying amounts of our investments in our equity method investments as at December 31, 2019 and 2018 are as follows:
(in thousands of $) | 2019 |  | 2018
Golar Partners | 214,296 |  |  | 271,160 |
Golar Power | 261,693 |  |  | 266,151 |
Avenir | 28,101 |  |  | 28,710 |
ECGS | 4,715 |  |  | 5,261 |
Cool Co | — |  |  | 500 |
Equity in net assets of affiliates | 508,805 |  |  | 571,782 |
The components of equity in net assets of non-consolidated affiliates are as follows:
(in thousands of $) | 2019 |  | 2018
Balance as of January 1, | 571,782 |  |  | 703,225 |
Additions | 7,348 |  |  | 88,423 |
Capitalized Interest | 15,996 |  |  | 14,965 |
Dividends | (36,726) |  |  | (49,023) |
Equity in net losses of affiliates | (45,799) |  |  | (12,095) |
Impairment of investment in affiliate | (500) |  |  | (149,389) |
Share of other comprehensive income of affiliates | (3,296) |  |  | (24,324) |
Balance as at December 31, | 508,805 |  | 571,782
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, 2019 |  |  |
| ECGS | Golar Partners | Golar Power | Avenir
Balance Sheet |  |  |  |
Current assets | 27,719 |  | 133,299 |  | 126,406 |  | 26,198 |
Non-current assets | 95 |  | 1,972,313 |  | 1,028,386 |  | 71,742 |
Current liabilities | (16,024) |  | (309,154) |  | (232,200) |  | (3,641) |
Non-current liabilities | (1,203) |  | (1,143,764) |  | (338,351) |  | (4,830) |
Non-controlling interests | — |  | 83,231 |  | 7,090 |  | — |
Statement of Operations |  |  |  |
Revenue | 32,052 |  | 299,652 |  | 45,223 |  | 1,058 |
Net income/(loss) | 297 |  | 21,134 |  | (6,928) |  | (7,878) |
(in thousands of $) | December 31, 2018 |  |  |  |  |
| ECGS | Golar Partners | Pool Manager | Golar Power | OneLNG | Avenir
Balance Sheet |  |  |  |  |  |
Current assets | 22,955 |  | 164,529 |  | 98,448 |  | 79,029 |  | 4,884 |  | 78,591 |
Non-current assets | 244 |  | 2,076,288 |  | — |  | 955,100 |  | — |  | 20,840 |
Current liabilities | (11,510) |  | (323,508) |  | (98,448) |  | (285,447) |  | (8,741) |  | (1,760) |
Non-current liabilities | (1,203) |  | (1,157,792) |  | — |  | (149,114) |  | — |  | — |
Non-controlling interests | — |  | 79,902 |  | — |  | 1,541 |  | — |  | — |
Statement of Operations |  |  |  |  |  |
Revenue | 30,596 |  | 346,650 |  | 346,170 |  | 78,732 |  | 7 |  | 487 |
Net income (loss) | 207 |  | 76,548 |  | — |  | (10,202) |  | (6,646) |  | (975) |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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