FirmaIQ
Org.nr 988 571 326 2007 → 2008 Year-over-year analysis

TRANSOCEAN BARENTS ASA: årsregnskap 2008 vs 2007

Cash halved-plus, fresh owner capital

approved 2009-05-28; registry 2009-08-24

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for TRANSOCEAN BARENTS ASA. Equity 337.42m NOK → 12.30m NOK.

On the constructive side: owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for TRANSOCEAN BARENTS ASA.

At a glance

Scorecard

Revenue
n/m 0 NOK
—
Equity
337.42m NOK 12.30m NOK
-96.4%
Cash
886.0k NOK 489 NOK
-99.9%
Total assets
4.73bn NOK 175.95m NOK
-96.3%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 12 NOK → 12.30m NOK (+12.30m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 337.42m NOK → 12.30m NOK (equity ratio 7.1% → 7.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 886.0k NOK → 489 NOK (-99.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 712570.31× → 0.49× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 23.2k NOK. Reported fact