FirmaIQ
Org.nr 988 571 326 2019 → 2020 Year-over-year analysis

TRANSOCEAN BARENTS ASA: årsregnskap 2020 vs 2019

Grew 50% on revenue, weaker earnings

approved 2021-06-29; registry 2021-08-04; journal 2021 577578

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for TRANSOCEAN BARENTS ASA. Revenue 21.27m NOK → 31.91m NOK (+50.0%). Net result -7.66m NOK → -9.43m NOK. Equity 196.97m NOK → 187.55m NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
21.27m NOK 31.91m NOK
+50.0%
Operating result
-1.56m NOK -3.23m NOK
-106.5%
Net result
-7.66m NOK -9.43m NOK
-23.1%
Equity
196.97m NOK 187.55m NOK
-4.8%
Cash
59.0k NOK 57.0k NOK
-3.4%
Total assets
347.4k NOK 269.11m NOK
+77359.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 21.27m NOK to 31.91m NOK (+50.0% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -1.56m NOK → -3.23m NOK (op. margin -7.4% → -10.1%). Calculated

  • ↓

    Net result weakened

    Net result -7.66m NOK → -9.43m NOK (net margin -36.0% → -29.5%). Calculated

  • ↓

    Equity eroded

    Book equity 196.97m NOK → 187.55m NOK (equity ratio 56695.5% → 69.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 59.0k NOK → 57.0k NOK (-3.4% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.68× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 8.76m NOK → 321.0k NOK. Reported fact