TGS ASA: årsregnskap 2018 vs 2017
Shrank 100% on revenue
approved 2019-03-21; registry 2019-07-06; journal 2019 609543
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for TGS ASA. Revenue 309.86m NOK → 344.1k NOK (-99.9%). Equity 184.68m NOK → 141.43m NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for TGS ASA.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 73.42m NOK → 80.08m NOK (+6.66m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 309.86m NOK to 344.1k NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 184.68m NOK → 141.43m NOK (equity ratio 20.0% → 17.6%). Calculated
-
↓
Cash fell
Bank deposits 69.97m NOK → 35.94m NOK (-48.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 9.55m NOK → 12.81m NOK (3% → 3723% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 565.0k NOK → 584 NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 119.39m NOK → 119.6k NOK. Reported fact