Org.nr 888 571 302 2018 → 2019 Year-over-year analysis

TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2019 vs 2018

Grew 23% on revenue, cash halved-plus

approved 2020-08-26; registry 2020-09-17; journal 2020 822377

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for TRANSOCEAN SPITSBERGEN ASA. Revenue 3.01m NOK → 3.70m NOK (+22.7%). Equity 112.35m NOK → 64.07m NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

Net tougher year on the published lines.

At a glance

Revenue

3.01m NOK 3.70m NOK

+22.7%

Operating result

n/m -30.18m NOK

—

Net result

n/m -48.28m NOK

—

Equity

112.35m NOK 64.07m NOK

-43.0%

Cash

297.0k NOK 136.0k NOK

-54.2%

Total assets

434.70m NOK 452.0k NOK

-99.9%

↑
Revenue rose

Operating income / revenue moved from 3.01m NOK to 3.70m NOK (+22.7% YoY). Calculated

↓
Equity eroded

Book equity 112.35m NOK → 64.07m NOK (equity ratio 25.8% → 14176.4%). Calculated
↓
Cash fell

Bank deposits 297.0k NOK → 136.0k NOK (-54.2% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 5.97× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated