TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2018 vs 2017
Grew 3530% on revenue, cash halved-plus
approved 2019-12-02; registry 2019-12-09; journal 2019 945492
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for TRANSOCEAN SPITSBERGEN ASA. Revenue 83.0k NOK → 3.01m NOK (+3530.1%). Equity 144.27m NOK → 112.35m NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: 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
What improved
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↑
Revenue rose
Operating income / revenue moved from 83.0k NOK to 3.01m NOK (+3530.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 5.97×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 144.27m NOK → 112.35m NOK (equity ratio 32234.2% → 25.8%). Calculated
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↓
Cash fell
Bank deposits 1.58m NOK → 297.0k NOK (-81.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.58m NOK → 297.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 384.64m NOK → 383.14m NOK — check capital reduction, conversion, or reclassification. Interpretation