FirmaIQ
Org.nr 888 571 302 2015 → 2016 Year-over-year analysis

TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2016 vs 2015

Shrank 100% on revenue, cash halved-plus

approved 2017-08-24; registry 2017-08-28; journal 2017 879867

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for TRANSOCEAN SPITSBERGEN ASA. Revenue 44.10bn NOK → 23.30m NOK (-99.9%). Equity 239.86bn NOK → 184.89m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for TRANSOCEAN SPITSBERGEN ASA.

At a glance

Scorecard

Revenue
44.10bn NOK 23.30m NOK
-99.9%
Operating result
-372.53m NOK n/m
—
Net result
-316.12m NOK n/m
—
Equity
239.86bn NOK 184.89m NOK
-99.9%
Cash
1.51bn NOK 1.11m NOK
-99.9%
Total assets
n/m 429.11m NOK
—

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 44.10bn NOK to 23.30m NOK (-99.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 239.86bn NOK → 184.89m NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 1.51bn NOK → 1.11m NOK (-99.9% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 7.13× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.51bn NOK → 1.11m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 382.68m NOK → 384.6k NOK — check capital reduction, conversion, or reclassification. Interpretation