TGS ASA: årsregnskap 2023 vs 2022
Grew 61474% on revenue, slipped into loss, cash halved-plus
approved 2024-03-20; registry 2024-05-21; journal 2024 369417
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for TGS ASA. Revenue 260.8k NOK → 160.59m NOK (+61474.0%). Net result +29.69m NOK → -2.70m NOK. Equity 189.7k NOK → 207.1k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; 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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Revenue rose
Operating income / revenue moved from 260.8k NOK to 160.59m NOK (+61474.0% YoY). Calculated
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Equity strengthened
Book equity 189.7k NOK → 207.1k NOK (equity ratio 0.0% → 0.0%). Calculated
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Owners injected capital
Paid-in equity rose 160.0k NOK → 174.8k NOK (+14.8k NOK). Reported fact
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Payroll decreased
Salary cost 8.98m NOK → 7.92m NOK (3445% → 5% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +99.31m NOK → +35.56m NOK (op. margin 38078.6% → 22.1%). Calculated
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Fell into a net loss
Net result flipped from 29.69m NOK profit to a loss of 2.70m NOK. Calculated
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↓
Cash fell
Bank deposits 62.62m NOK → 10.60m NOK (-83.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (62.62m NOK → 10.60m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 8.09m NOK → 2.32m NOK (-71.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 336.4k NOK → 393.7k NOK. Reported fact