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ACCUMULATED OTHER COMPREHENSIVE LOSS
12 Months Ended
Dec. 31, 2011
ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]  
ACCUMUTLATED OTHER COMPREHENSIVE LOSS
24.
ACCUMULATED OTHER COMPREHENSIVE LOSS
 
The activity in Accumulated Other Comprehensive Loss is summarized as follows:
(in thousands of$)
 
Unrealized investment (losses) gains
  
Translation adjustments
  
 
Total
 
Balance at December 31, 2008
  (543)  (4,684)  (5,227)
Translation adjustment for year
  -   759   759 
Net unrealized gains for the year
  2,782   -   2,782 
Balance at December 31, 2009
  2,239   (3,925)  (1,686)
Translation adjustment for year
  -   (137)  (137)
Net unrealized losses for the year
  (11,438)  -   (11,438)
Other-than-temporary impairment transferred to Statement of Operations
   9,425    -    9,425 
Balance at December 31, 2010
  226   (4,062)  (3,836)
Translation adjustment for the year
  -   (49)  (49)
Net unrealized losses for the year
  (894)  -   (894)
Balance at December 31,2011
  (668)  (4,111)  (4,779)