FirmaIQ
Org.nr 888 571 302 2011 → 2012 Year-over-year analysis

TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2012 vs 2011

Shrank 100% on revenue, cash halved-plus

approved 2013-06-27; registry 2013-07-25; journal 2013 586239

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for TRANSOCEAN SPITSBERGEN ASA. Revenue 102.92bn NOK → 102.48m NOK (-99.9%). Equity 358.07m NOK → 374.2k NOK.

On the constructive side: current ratio back above 1×. 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 SPITSBERGEN ASA.

At a glance

Scorecard

Revenue
102.92bn NOK 102.48m NOK
-99.9%
Operating result
+66.05bn NOK +66 NOK
-100.0%
Net result
+25.38m NOK n/m
—
Equity
358.07m NOK 374.2k NOK
-99.9%
Cash
20.38bn NOK 9.81m NOK
-100.0%
Total assets
n/m 864.83m NOK
—

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.37× → 1.87×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 102.92bn NOK to 102.48m NOK (-99.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +66.05bn NOK → +66 NOK (op. margin 64.2% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 358.07m NOK → 374.2k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 20.38bn NOK → 9.81m NOK (-100.0% 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 (20.38bn NOK → 9.81m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 9.06bn NOK → 9 060 NOK. Reported fact