FirmaIQ
Org.nr 888 571 302 2019 → 2020 Year-over-year analysis

TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2020 vs 2019

Grew 123% on revenue, stronger earnings, cash halved-plus

approved 2021-06-29; registry 2021-08-04; journal 2021 577548

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for TRANSOCEAN SPITSBERGEN ASA. Revenue 3.70m NOK → 8.26m NOK (+123.3%). Net result -48.28m NOK → -26.94m NOK. Equity 64.07m NOK → 37.13m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
3.70m NOK 8.26m NOK
+123.3%
Operating result
-30.18m NOK -8.63m NOK
+71.4%
Net result
-48.28m NOK -26.94m NOK
+44.2%
Equity
64.07m NOK 37.13m NOK
-42.0%
Cash
136.0k NOK 12.0k NOK
-91.2%
Total assets
452.0k NOK 320.19m NOK
+70741.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.70m NOK to 8.26m NOK (+123.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -30.18m NOK → -8.63m NOK (op. margin -816.0% → -104.5%). Calculated

  • ↑

    Net result improved

    Net result -48.28m NOK → -26.94m NOK (net margin -1305.5% → -326.3%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 64.07m NOK → 37.13m NOK (equity ratio 14176.4% → 11.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 136.0k NOK → 12.0k NOK (-91.2% YoY). Calculated