FirmaIQ
Org.nr 988 571 326 2011 → 2012 Year-over-year analysis

TRANSOCEAN BARENTS ASA: årsregnskap 2012 vs 2011

Shrank 100% on revenue, cash halved-plus

approved 2013-06-27; registry 2013-07-29; journal 2013 592393

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for TRANSOCEAN BARENTS ASA. Revenue 113.47bn NOK → 113.42m NOK (-99.9%). Equity 420.07m NOK → 449.9k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
113.47bn NOK 113.42m NOK
-99.9%
Operating result
+78.09m NOK +80 NOK
-100.0%
Net result
+33.84m NOK n/m
—
Equity
420.07m NOK 449.9k NOK
-99.9%
Cash
24.31bn NOK 60.21m NOK
-99.8%
Total assets
n/m 939.20m NOK
—

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 113.47bn NOK to 113.42m NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +78.09m NOK → +80 NOK (op. margin 0.1% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 420.07m NOK → 449.9k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 24.31bn NOK → 60.21m NOK (-99.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (24.31bn NOK → 60.21m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 135.99m NOK → 86.57m NOK. Reported fact