Org.nr 976 695 372 2018 → 2019 Year-over-year analysis

TGS ASA: årsregnskap 2019 vs 2018

Grew 95013% on revenue, fresh owner capital

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for TGS ASA. Revenue 344.1k NOK → 327.24m NOK (+95012.7%). Equity 141.43m NOK → 380.39m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for TGS ASA.

At a glance

Revenue

344.1k NOK 327.24m NOK

+95012.7%

Operating result

n/m +90.12m NOK

—

Net result

n/m +73.67m NOK

—

Equity

141.43m NOK 380.39m NOK

+169.0%

Cash

35.94m NOK 45.63m NOK

+27.0%

Total assets

805.27m NOK 1.34bn NOK

+66.2%

↑
Revenue rose

Operating income / revenue moved from 344.1k NOK to 327.24m NOK (+95012.7% YoY). Calculated
↑
Equity strengthened

Book equity 141.43m NOK → 380.39m NOK (equity ratio 17.6% → 28.4%). Calculated
↑
Cash rose

Bank deposits 35.94m NOK → 45.63m NOK (+27.0% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 80.08m NOK → 375.04m NOK (+294.95m NOK). Reported fact

·
Payroll increased

Salary cost 12.81m NOK → 13.70m NOK (3723% → 4% of revenue). Calculated
·
COGS moved

COGS / varekostnad 584 NOK → 437.0k NOK (+74728.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 119.6k NOK → 150.68m NOK. Reported fact