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VESSELS AND EQUIPMENT, NET (Tables) | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
Components of vessels and equipment, net | 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
(in thousands of $) | Vessels and equipment | Mooring equipment | Deferred Drydocking expenditure | Office equipment and fittings | Total
Cost |  |  |  |  |
As of January 1 | 1,374,607 |  | 45,771 |  | 109,094 |  | 7,264 |  | 1,536,736 |
Additions | — |  | — |  | — |  | 77 |  | 77 |
As of December 31 | 1,374,607 |  | 45,771 |  | 109,094 |  | 7,341 |  | 1,536,813 |
Depreciation, amortization and impairment |  |  |  |  |
As of January 1 | (223,999) |  | (20,363) |  | (22,767) |  | (5,188) |  | (272,317) |
Charge for the year (1) | (39,449) |  | (5,543) |  | (5,696) |  | (600) |  | (51,288) |
Impairment (2) | (72,607) |  | — |  | (3,548) |  | — |  | (76,155) |
As of December 31 | (336,055) |  | (25,906) |  | (32,011) |  | (5,788) |  | (399,760) |
Net book value as of December 31, 2022 | 1,038,552 |  | 19,865 |  | 77,083 |  | 1,553 |  | 1,137,053 |
(in thousands of $) | Vessels and equipment | Mooring equipment | Deferred Drydocking expenditure | Office equipment and fittings | Total
Cost |  |  |  |  |
As of January 1 | 1,374,607 |  | 45,771 |  | 109,094 |  | 7,287 |  | 1,536,759 |
Additions | — |  | — |  | — |  | 73 |  | 73 |
Write-offs (3) | — |  | — |  | — |  | (96) |  | (96) |
As of December 31 | 1,374,607 |  | 45,771 |  | 109,094 |  | 7,264 |  | 1,536,736 |
Depreciation, amortization and impairment |  |  |  |  |
As of January 1 | (182,474) |  | (14,820) |  | (15,948) |  | (4,267) |  | (217,509) |
Charge for the year | (41,525) |  | (5,543) |  | (6,819) |  | (1,017) |  | (54,904) |
Write-offs (3) | — |  | — |  | — |  | 96 |  | 96 |
As of December 31 | (223,999) |  | (20,363) |  | (22,767) |  | (5,188) |  | (272,317) |
Net book value as of December 31, 2021 | 1,150,608 |  | 25,408 |  | 86,327 |  | 2,076 |  | 1,264,419 |
(1) Depreciation and amortization charges for the years ended December 31, 2022 and 2021, excludes $0.5 million and, $0.5 million respectively, of amortization charges in relation to the Cameroon license fee. (2) Entry into the Arctic SPA changed the expected recovery of Golar Arctic’s carrying amount from continued use in operations over her remaining useful life, to recovery from sale, and was considered an indicator of impairment. As the revised future estimated cash flows were less than her carrying amount, an impairment charge of $76.2 million was recognized during the year ended December 31, 2022, reflecting an adjustment to her fair value (based on average broker valuation at date of measurement and represents the exit price in the principal LNG carrier sales market). (3) Write-offs relates to fully depreciated or fully amortized assets.

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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