DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Amounts recorded with respect to discontinued operations in each of the years ended December 31, 2013, 2012 and 2011 are as follows;



(in thousands of $)	2013		2012		2011
Carrying value of vessels disposed of in 2012	—		107,027		113,527
Carrying value of vessel held for sale at December 31, 2012	—		21,523		37,804
Per Statement of Operations;
Operating revenues	(226	)	24,513		39,020
Net gain (loss) on sale of assets	254		(13,088	)	—
Impairment loss on vessels	(5,342	)	(41,597	)	—
Net (loss) income	(7,433	)	(59,311	)	5,594

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details