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BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of changes in presentation of Net income/(losses) from equity method investments

The retrospective changes in presentation for the prior periods are shown below:

Consolidated Statements of Operations			2020												2019
(in thousands of $)			As previously reported			Adjustments Increase/ (Decrease)			Restated						As previously reported			Adjustments Increase/ (Decrease)			Restated
Net losses from equity method investments			(176,527)			175,989			(538)						(45,799)			43,284			(2,515)
Net loss from discontinued operations			—			(175,989)			(175,989)						—			(43,284)			(43,284)

Consolidated Balance Sheet			2020
(in thousands of $)			As previously reported			Adjustments Increase/ (Decrease)			Restated
Equity method investments			312,151			(267,766)			44,385
Assets held for sale			—			267,766			267,766

Consolidated Statements of Cash Flows			2020												2019
(in thousands of $)			As previously reported			Adjustments Increase/ (Decrease)			Restated						As previously reported			Adjustments Increase/ (Decrease)			Restated
Net cash provided by operating activities
Net losses from equity method investments			(176,527)			175,989			(538)						(45,799)			43,284			(2,515)
Net loss from discontinued operations			—			(175,989)			(175,989)						—			(43,284)			(43,284)
Dividend received			—			—			—						7,609			(7,609)			—
Dividend received from discontinued operations			—			—			—						—			7,609			7,609
Net cash provided by operating activities			(176,527)			—			(176,527)						(38,190)			—			(38,190)
Net cash (used in)/provided by investing activities
Additions to equity method investments			(12,640)			2,410			(10,230)						(20,994)			19,730			(1,264)
Dividends received			10,584			(10,584)			—						29,207			(29,207)			—
Short-term loan advanced to related parties			(45,000)			45,000			—						—			—			—
Proceeds from repayment of short-term loan advanced to related parties			45,000			(45,000)			—						—			—			—
Proceeds from disposals to Golar Partners, net of cash disposed			—			—			—						9,652			(9,652)			—
Net cash (used in)/provided by investing activities			(2,056)			(8,174)			(10,230)						17,865			(19,129)			(1,264)
Net cash (used in)/provided by discontinued investing activities
Additions to equity method investments			—			(2,410)			(2,410)						—			(19,730)			(19,730)
Dividends received			—			10,584			10,584						—			29,207			29,207
Short-term loan advanced to related parties			—			(45,000)			(45,000)						—			—			—
Proceeds from repayment of short-term loan advanced to related parties			—			45,000			45,000						—			—			—
Proceeds from disposals to Golar Partners, net of cash disposed			—			—			—						—			9,652			9,652
Net cash (used in)/provided by discontinued investing activities			—			8,174			8,174						—			19,129			19,129

Schedule of useful lives applied in depreciation

Useful lives applied in depreciation are as follows:

Vessels (excluding converted FSRU and FLNG)			40 years
Vessels - converted FSRU			20 years from conversion date
Vessels - FLNG			30 years from conversion date
Deferred drydocking expenditure			5 years
Deferred drydocking expenditure - FLNG			20 years
Mooring equipment - FLNG			8 years
Office equipment and fittings			3 to 6 years

			Year Ended December 31, 2021
(in thousands of $)			Vessels and equipment			Mooring equipment			Deferred Drydocking expenditure			Office equipment and fittings			Total
Cost
As of January 1			3,298,854			45,771			137,951			8,166			3,490,742
Additions			—			—			—			87			87
Write-offs (1)			(87)			—			—			(96)			(183)
As of December 31			3,298,767			45,771			137,951			8,157			3,490,646
Depreciation, amortization and impairment
As of January 1			(465,206)			(14,820)			(23,014)			(4,629)			(507,669)
Charge for the year (2)			(86,238)			(5,543)			(12,587)			(1,118)			(105,486)
Write-offs (1)			87			—			—			96			183
As of December 31			(551,357)			(20,363)			(35,601)			(5,651)			(612,972)
Net book value as at December 31, 2021			2,747,410			25,408			102,350			2,506			2,877,674

			Year Ended December 31, 2020
(in thousands of $)			Vessels and equipment			Mooring equipment			Deferred Drydocking expenditure			Office equipment and fittings			Total
Cost
As of January 1			3,429,317			45,771			140,738			8,398			3,624,224
Additions			3,282			—			3,713			161			7,156
Transfer to asset under development (3)			(127,620)			—			—			—			(127,620)
Write-offs (1)			(6,125)			—			(6,500)			(393)			(13,018)
As of December 31			3,298,854			45,771			137,951			8,166			3,490,742
Depreciation, amortization and impairment
As of January 1			(434,396)			(9,106)			(16,434)			(3,739)			(463,675)
Charge for the year			(87,383)			(5,714)			(13,080)			(1,283)			(107,460)
Transfer to asset under development (3)			50,448			—			—			—			50,448
Write-offs (1)			6,125			—			6,500			393			13,018
As of December 31			(465,206)			(14,820)			(23,014)			(4,629)			(507,669)
Net book value as at December 31, 2020			2,833,648			30,951			114,937			3,537			2,983,073

(1) Write-offs relates to fully depreciated or fully amortized assets.

(2) Depreciation and amortization charge for the years ended December 31, 2021 and 2020, excludes $0.5 million and, $0.5 million respectively, of amortization charges in relation to the Cameroon License fee.

(3) Relates to the reclassification of LNG Croatia's carrying value and associated accumulated depreciation to “Asset under development” (note 18).

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