DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

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



(in thousands of $)	2013		2012		2011
Operating revenues	1,840		89,747		86,607
Loss on sale of assets	(847	)	(17,946	)	(27,091	)
Profit share expense	—		—		482
Contingent rental expense	—		32,156		—
Impairment loss on vessels	—		27,316		—
Net (loss) income from discontinued operations	(1,204	)	(12,544	)	1,731

- 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.

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