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INVESTMENTS IN DIRECT FINANCING AND SALES-TYPE LEASES (Tables)

6 Months Ended

Jun. 30, 2019

Net Investment in Direct Financing and Sales Type Leases [Abstract]

Components of the investments in direct financing and sales-type leases

The following lists the components of the investments in direct financing and sales-type leases as at June 30, 2019 and December 31, 2018:

(in thousands of $)	June 30, 2019			December 31, 2018
Total minimum lease payments to be received	1,142,619			1,173,152
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments	(69,190	)		(74,077	)
Net minimum lease payments receivable	1,073,429			1,099,075
Estimated residual values of leased property (un-guaranteed)	192,080			180,080
Less: unearned income	(455,658	)		(476,996	)
Total investment in direct financing and sales-type leases	809,851			802,159
Current portion	43,807			39,804
Long-term portion	766,044			762,355
Total investment in direct financing and sales-type leases	809,851			802,159

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- Definition

Tabular disclosure of the components of the lessor's assets under sales-type and direct financing leases as of the balance sheet date consisting of: (a) minimum lease payments due on direct financing leases, (b) unguaranteed residual value, and (c) any unamortized initial direct costs on direct financing leases; less: (i) estimated executory costs, (ii) unearned income, and (iii) the accumulated allowance for uncollectible minimum lease payments.

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