Org.nr 888 571 302 2007 → 2008 Year-over-year analysis

TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2008 vs 2007

Fresh owner capital

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

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for TRANSOCEAN SPITSBERGEN ASA. Equity 1.90bn NOK → 12.30m NOK.

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

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

At a glance

Revenue

n/m 0 NOK

—

Equity

1.90bn NOK 12.30m NOK

-99.4%

Cash

494.0k NOK 4.92m NOK

+895.3%

Total assets

5.48bn NOK 1.23m NOK

-100.0%

↑
Cash rose

Bank deposits 494.0k NOK → 4.92m NOK (+895.3% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 12 NOK → 12.29m NOK (+12.29m NOK). Reported fact

↓
Equity eroded

Book equity 1.90bn NOK → 12.30m NOK (equity ratio 34.7% → 997.3%). Calculated
↓
Current ratio dropped below 1×

Current ratio 587.36× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Book investments changed

Investment / intangible book value 43.92m NOK → 9.92m NOK. Reported fact