Golar LNG

May 01, 2013 10:02 ET

Announcement of Filing of Form 20-F Annual Report

HAMILTON, BERMUDA--(Marketwired - May 1, 2013) - Golar LNG Limited ("Golar" or the "Company") announces that it has filed its Form 20-F for the year ended December 31, 2012 with the Securities and Exchange Commission in the U.S.

The Company announced in its fourth quarter preliminary results the significant possibility of deconsolidating Golar LNG Partner L.P's ("GMLP") from its financials following GMLP's first annual meeting of unit holders held on December 13, 2012, when the majority of the board members became electable by the common unitholders. The Company's filed Form 20-F does now reflect the deconsolidation of GMLP. As a result, from December 13, 2012, GMLP has been accounted for as investment in affiliate. The deconsolidation of GMLP has resulted in a one-off gain of $854 million being recognized by the Company, which is predominantly reflected by the difference between the historical book value of GMLP's net assets and the fair value of the Company's investments in GMLP. Except for this gain the impact of the deconsolidation on the Company's operating results and net income was not material for the year ended December 31, 2012. The deconsolidation will impact significantly the future presentation of the Company's operating results and net income resulting from, but not limited to, gains and losses from future dropdowns to GMLP.

Form 20-F can be downloaded from the link below.

April 30, 2013 The Board of Directors Golar LNG Limited Hamilton, Bermuda

2012 Annual Report Form 20-F: http://hugin.info/133076/R/1698413/559972.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Golar LNG via Thomson Reuters ONE [HUG#1698413]

Contact Information

  • Graham Robjohns
    Chief Accounting Officer & Group Financial Controller
    Tel: +44 20 7517 8600