XML 29 R22.htm IDEA: XBRL DOCUMENT
v3.21.2

Investments in Affiliates | 9 Months Ended
--- | ---
Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Investments in Affiliates | INVESTMENTS IN AFFILIATES
| Nine months ended September 30,
(in thousands of $) | 2021 | 2020
Share of net losses of Avenir | (382) |  | (154) |
Share of net losses of others | (179) |  | (237) |
Total equity in net losses of affiliates | (561) |  | (391) |
The carrying amounts of our equity method investments, from continuing operations, as at September 30, 2021 and December 31, 2020 are as follows:
(in thousands of $) | September 30, 2021 | December 31, 2020
Avenir (1) | 46,352 |  | 39,984 |
Others | 4,221 |  | 4,401 |
Total investments in affiliates | 50,573 |  | 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 September 30, 2021, we have cumulatively subscribed to 18,000,000 additional shares at $1.00 par value for consideration of $18.0 million.

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_EquityMethodInvestmentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration