INVESTMENTS IN DIRECT FINANCING LEASES (Tables)

12 Months Ended

Dec. 31, 2015

The following lists the components of the investments in direct financing leases as at December 31, 2015, and December 31, 2014:



(in thousands of $)	2015		2014
Total minimum lease payments to be received	825,460		1,174,327
Less: amounts representing estimated executory costs including profit thereon, included in total minimum lease payments	(362,959	)	(330,056	)
Net minimum lease payments receivable	462,501		844,271
Estimated residual values of leased property (un-guaranteed)	195,238		239,002
Less: unearned income	(146,296	)	(243,419	)
	511,443		839,854
Less: deferred deemed equity contribution	—		(86,585	)
Less: unamortized gains	—		(6,738	)
Total investment in direct financing and sales-type leases	511,443		746,531
Current portion	37,145		37,517
Long-term portion	474,298		709,014
	511,443		746,531

The minimum future gross revenues to be received under the Company's non-cancellable direct financing leases as of December 31, 2015, are as follows:



(in thousands of $) Year ending December 31,
2016	109,340
2017	109,042
2018	109,042
2019	109,042
2020	96,410
Thereafter	292,584
Total minimum lease revenues	825,460