TGS ASA: årsregnskap 2022 vs 2021
Shrank 100% on revenue, returned to profit
approved 2023-03-24; registry 2023-05-16; journal 2023 383513
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for TGS ASA. Revenue 142.76m NOK → 260.8k NOK (-99.8%). Net result -55.48m NOK → +29.69m NOK. Equity 116.84m NOK → 189.7k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; paid-in equity reduced; 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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Operating result improved
Operating result -53.95m NOK → +99.31m NOK (op. margin -37.8% → 38078.6%). Calculated
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Turned profitable
Net result flipped from a loss of 55.48m NOK to a profit of 29.69m NOK. Calculated
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Cash rose
Bank deposits 32.98m NOK → 62.62m NOK (+89.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.78× → 634.44×. Calculated
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Payroll decreased
Salary cost 9.86m NOK → 8.98m NOK (7% → 3445% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 142.76m NOK to 260.8k NOK (-99.8% YoY). Calculated
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↓
Equity eroded
Book equity 116.84m NOK → 189.7k NOK (equity ratio 11.6% → 0.0%). Calculated
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↓
COGS moved
COGS / varekostnad 800 NOK → 8.09m NOK (+1011025.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 116.84m NOK → 160.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 113.91m NOK → 336.4k NOK. Reported fact