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INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Tables) | 6 Months Ended
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Jun. 30, 2021
Net Investment in Direct Financing and Sales Type Leases [Abstract] |
Schedule of sales-type leases, direct financing leases, and leaseback assets | The following lists the components of investments in sales-type leases, direct financing leases and leaseback assets as at June 30, 2021 and December 31, 2020:
(in thousands of $) | June 30, 2021
| Sales-Type Leases and Direct Financing Leases | Leaseback Assets | Total
Total minimum lease payments to be received | 209,368 |  | 72,144 |  | 281,512 |
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments | (37,440) |  | — |  | (37,440) |
Net minimum lease payments receivable | 171,928 |  | 72,144 |  | 244,072 |
Estimated residual values of leased property (unguaranteed) | 79,621 |  | 31,500 |  | 111,121 |
Less: unearned income | (31,320) |  | (22,590) |  | (53,910) |
Total investment in sales-type lease, direct financing lease and leaseback assets | 220,229 |  | 81,054 |  | 301,283 |
Allowance for expected credit losses* | (810) |  | (182) |  | (992) |
Total investment in sales-type lease, direct financing lease and leaseback assets | 219,419 |  | 80,872 |  | 300,291 |
Current portion | 31,619 |  | 9,889 |  | 41,508 |
Long-term portion | 187,800 |  | 70,983 |  | 258,783 |
(in thousands of $) | December 31, 2020
| Sales-Type Leases and Direct Financing Leases | Leaseback Assets | Total
Total minimum lease payments to be received | 705,196 |  | 79,786 |  | 784,982 |
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments | (40,698) |  | — |  | (40,698) |
Net minimum lease payments receivable | 664,498 |  | 79,786 |  | 744,284 |
Estimated residual values of leased property (unguaranteed) | 79,621 |  | 31,500 |  | 111,121 |
Less: unearned income | (147,876) |  | (25,596) |  | (173,472) |
Total investment in sales-type lease, direct financing lease and leaseback assets | 596,243 |  | 85,690 |  | 681,933 |
Allowance for expected credit losses* | (4,141) |  | (249) |  | (4,390) |
Total investment in sales-type lease, direct financing lease and leaseback assets | 592,102 |  | 85,441 |  | 677,543 |
Current portion | 45,888 |  | 9,532 |  | 55,420 |
Long-term portion | 546,214 |  | 75,909 |  | 622,123 |
*See Note 1: Interim financial data and Note 18: Allowance for expected credit losses.

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