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INVESTMENT IN ASSOCIATED COMPANIES (Tables)

6 Months Ended

Jun. 30, 2016

Variable Interest Entity, Not Primary Beneficiary, Disclosures [Abstract]

Percentage participation using the equity method of accounting

At June 30, 2016, June 30, 2015 and December 31, 2015, the Company had the following participation in investments that are recorded using the equity method:

	June 30, 2016			June 30, 2015			December 31, 2015
SFL Deepwater Ltd (“SFL Deepwater”)	100	%		100	%		100	%
SFL Hercules Ltd (“SFL Hercules”)	100	%		100	%		100	%
SFL Linus Ltd (“SFL Linus”)	100	%		100	%		100	%

Summarized financial statement information of equity method investees

Summarized balance sheet information of the Company’s wholly-owned equity method investees is as follows:

	As of June 30, 2016
(in thousands of $)	TOTAL			SFL Deepwater			SFL Hercules			SFL Linus
Current assets	120,965			33,722			38,308			48,935
Non-current assets	1,152,779			350,233			343,981			458,565
Total assets	1,273,744			383,955			382,289			507,500
Current liabilities	105,680			25,456			28,660			51,564
Non-current liabilities	1,167,893			358,453			353,573			455,867
Total liabilities	1,273,573			383,909			382,233			507,431
Total stockholders’ equity	171			46			56			69

	As of December 31, 2015
(in thousands of $)	TOTAL			SFL Deepwater			SFL Hercules			SFL Linus
Current assets	120,251			33,735			38,936			47,580
Non-current assets	1,207,755			364,550			360,215			482,990
Total assets	1,328,006			398,285			399,151			530,570
Current liabilities	128,455			25,221			28,624			74,610
Non-current liabilities	1,114,936			333,538			351,821			429,577
Total liabilities	1,243,391			358,759			380,445			504,187
Total stockholders’ equity	84,615			39,526			18,706			26,383

Summarized statement of operations information of the Company’s wholly-owned equity method investees is as follows:

	Six months ended June 30, 2016
(in thousands of $)	TOTAL			SFL Deepwater			SFL Hercules			SFL Linus
Operating revenues	40,565			11,112			11,738			17,715
Net operating revenues	40,565			11,112			11,738			17,715
Net income	14,322			3,520			3,350			7,452

	Six months ended June 30, 2015
(in thousands of $)	TOTAL			SFL Deepwater			SFL Hercules			SFL Linus
Operating revenues	41,929			11,335			11,768			18,826
Net operating revenues	41,923			11,333			11,766			18,824
Net income	15,815			3,825			3,827			8,163

	Year ended December 31, 2015
(in thousands of $)	TOTAL			SFL Deepwater			SFL Hercules			SFL Linus
Operating revenues	82,731			22,424			23,315			36,992
Net operating revenues	82,725			22,422			23,313			36,990
Net income	31,001			7,561			7,306			16,134

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- Definition

Summarized balance sheet and statement of operations information of the Company's equity method investees.

+ References

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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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571

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