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INVESTMENTS IN SALES-TYPE LEASES, DIRECT FINANCING LEASES AND LEASEBACK ASSETS (Tables)
 6 Months Ended
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 AssetsTotal
Total minimum lease payments to be received209,368 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 receivable171,928 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 assets220,229 81,054 301,283 
Allowance for expected credit losses*(810)(182)(992)
Total investment in sales-type lease, direct financing lease and leaseback assets219,419 80,872 300,291 
Current portion31,619 9,889 41,508 
Long-term portion187,800 70,983 258,783 
(in thousands of $)December 31, 2020
Sales-Type Leases and Direct Financing LeasesLeaseback AssetsTotal
Total minimum lease payments to be received705,196 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 receivable664,498 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 assets596,243 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 assets592,102 85,441 677,543 
Current portion45,888 9,532 55,420 
Long-term portion546,214 75,909 622,123 

*See Note 1: Interim financial data and Note 18: Allowance for expected credit losses.