FirmaIQ
Org.nr 888 571 302 2020 → 2021 Year-over-year analysis

TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2021 vs 2020

Another loss-making year

approved 2022-06-22; registry 2022-07-14; journal 2022 641244

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for TRANSOCEAN SPITSBERGEN ASA. Revenue 8.26m NOK → 7.99m NOK (-3.3%). Net result -26.94m NOK → -24.64m NOK. Equity 37.13m NOK → 12.49m NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for TRANSOCEAN SPITSBERGEN ASA.

At a glance

Scorecard

Revenue
8.26m NOK 7.99m NOK
-3.3%
Operating result
-8.63m NOK -17.09m NOK
-98.1%
Net result
-26.94m NOK -24.64m NOK
+8.6%
Equity
37.13m NOK 12.49m NOK
-66.4%
Cash
12.0k NOK 313.0k NOK
+2508.3%
Total assets
320.19m NOK 290.17m NOK
-9.4%

What improved

  • ↑

    Net result improved

    Net result -26.94m NOK → -24.64m NOK (net margin -326.3% → -308.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 12.0k NOK → 313.0k NOK (+2508.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.26m NOK to 7.99m NOK (-3.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -8.63m NOK → -17.09m NOK (op. margin -104.5% → -214.0%). Calculated

  • ↓

    Equity eroded

    Book equity 37.13m NOK → 12.49m NOK (equity ratio 11.6% → 4.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation