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INVESTMENTS IN DEBT AND EQUITY SECURITIES (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022						December 31, 2021
Corporate Bonds			6,315						9,680
Equity Securities			14,419						11,530
Total Investment in Debt and Equity Securities			20,734						21,210

Schedule of debt securities, available-for-sale

			Six months ended June 30, 2022																		Year ended December 31, 2021
(in thousands of $)			Amortized Cost						Unrealized gains/(losses)						Fair value						Amortized Cost						Unrealized gains/(losses)						Fair value
Corporate bonds:
NorAm Drilling Bond			4,132						487						4,619						4,132						487						4,619
NT Rig Holdco Liquidity 12%			1,222						474						1,696						4,917						144						5,061
NT Rig Holdco 7.5%			—						—						—						—						—						—
Oro Negro 7.5%			—						—						—						—						—						—
Total corporate bonds			5,354						961						6,315						9,049						631						9,680

Schedule of equity securities

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

(in thousands of $)			June 30, 2022						December 31, 2021
Frontline			12,830						10,238
NorAm Drilling			1,589						1,292
Total Equity Securities			14,419						11,530
Equity Securities pledged to creditors			12,830						10,238

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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 https://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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Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).

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