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INVESTMENTS IN DEBT AND EQUITY SECURITIES (Tables)

6 Months Ended

Jun. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of marketable securities

Investment securities held by the Company consist of the following investments in corporate bonds and equity securities:

(in thousands of $)			June 30, 2021						December 31, 2020
Corporate Bonds			8,293						9,431
Equity Securities			14,512						19,374
Total Investment in Debt and Equity Securities			22,805						28,805

Schedule of debt securities, available-for-sale

The corporate bonds are classified as available-for-sale securities and are recorded at fair value, with unrealized gains and losses recorded as a separate component of "Other comprehensive income".

			Six months ended June 30, 2021																		Year ended December 31, 2020
(in thousands of $)			Amortized Cost						Unrealized gains/(losses)						Fair value						Amortized Cost						Unrealized gains/(losses)						Fair value
Corporate bonds:
NorAm Drilling Bond			4,132						488						4,620						4,132						511						4,643
NT Rig Holdco 12%			3,567						106						3,673						3,567						404						3,971
NT Rig Holdco 7.5%			—						—						—						817						—						817
Total corporate bonds			7,699						594						8,293						8,516						915						9,431

Schedule of debt and equity securities

Changes in the fair value of equity investments are recognized in net income.

(in thousands of $)			June 30, 2021						December 31, 2020
Frontline			13,032						9,007
NorAm Drilling			1,480						1,484
ADS Maritime Holding			—						8,883
Total Equity Securities			14,512						19,374
Equity Securities pledged to creditors			13,032						9,007

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- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

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Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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