DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

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

Amounts recorded in respect of discontinued operations in each of the years ended December 31, 2012, 2011 and 2010, respectively, are as follows;



(in thousands of $)	2012		2011	2010
Carrying value of vessels disposed of in 2012	107,027		113,527	122,301
Carrying value of vessel held for sale at December 31, 2012	21,523		37,804	40,710

Per Statement of Operations;
Operating revenues	24,513		39,020	55,072
Net loss on sale of vessels	(13,088	)	—	—
Impairment loss on vessels	(41,597	)	—	—
Net (loss) income	(59,311	)	5,594	18,412

- 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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