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OPERATING LEASES (Tables)
12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of payments to be received by maturity
The minimum contractual future revenues to be received on a time charter agreement in respect of the Golar Arctic as of December 31, 2022, are as follows:
Year ending December 31
(in thousands of $) 
202315,420 
Total minimum contractual future revenues15,420 
Operating lease income
The components of operating lease income were as follows:
Year ended December 31,
(in thousands of $)202220212020
Operating lease income8,857 11,476 13,887 
Variable lease income (1)
828 — 745 
Total operating lease income (2)
9,685 11,476 14,632 
(1) “Variable lease income” is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable operating leases.
(2) Total operating lease income is presented in the consolidated statement of operations line item “Time and voyage charter revenues”.
Operating lease costs
The components of operating lease cost were as follows:
Year ended December 31,
(in thousands of $)202220212020
Operating lease cost
4,160 5,899 4,338 
Variable lease cost (1)
1,479 1,621 4,000 
Total operating lease cost (2)
5,639 7,520 8,338 
(1) “Variable lease cost” is excluded from lease payments that comprise the operating lease liability.
(2) Total operating lease cost is included in the consolidated statement of operations line-items “Vessel operating expenses” and “Administrative expenses”.
Schedule of maturity of operating lease liabilities
The maturity of our lease liabilities is as follows:
Year ending December 31
(in thousands of $) 
20231,328 
2024851 
20251,151 
20261,088 
2027 and thereafter730 
Total minimum lease payments5,148