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Investments in Affiliates (Tables)

6 Months Ended

Jun. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

			Six months ended June 30,
(in thousands of $)			2021			2020
Share of net earnings/(losses) of Avenir (1)			153			(212)
Share of net earnings/(losses) of others			4			(49)
Total equity in net earnings/(losses) of affiliates			157			(261)

The carrying amounts of our equity method investments, from continuing operations, as at June 30, 2021 and December 31, 2020 are as follows:

(in thousands of $)			June 30, 2021			December 31, 2020
Avenir			46,887			39,984
Others			4,405			4,401
Total investments in affiliates			51,292			44,385

(1) In March 2020, Avenir issued an Equity Shortfall Offering to its shareholders, requiring funding of an equity shortfall by means of a total equity contribution to be funded on a pro rata basis. As of June 30, 2021, we have cumulatively subscribed to 18,000,000 additional shares at $1.00 par value for consideration of $18.0 million.

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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

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