XML 71 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
RESTRUCTURING (Tables)
 12 Months Ended
Dec. 31, 2013
Restructuring and Related Activities [Abstract]  
Loss on Sale of Subsidiary
The transaction is summarized as follows:
(in thousands of $)
 
Proceeds from sale of shares in subsidiaries
128,882

Outstanding newbuilding installments transferred
325,500

Debt transferred
666,318

Fair market value of  assets sold to Frontline 2012
1,120,700

Net book value of vessels sold
(864,865
)
Net book value of newbuilding contracts sold
(237,057
)
Outstanding newbuilding installments transferred
(325,500
)
Legal fees
(250
)
Loss on sale
(306,972
)