TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2022 vs 2021
Shrank 15% on revenue, stronger earnings, cash halved-plus
approved 2023-06-30; registry 2023-07-31; journal 2023 628995
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for TRANSOCEAN SPITSBERGEN ASA. Revenue 7.99m NOK → 6.83m NOK (-14.5%). Net result -24.64m NOK → -19.32m NOK. Equity 12.49m NOK → 8.41m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for TRANSOCEAN SPITSBERGEN ASA.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -17.09m NOK → -6.90m NOK (op. margin -214.0% → -101.1%). Calculated
-
↑
Net result improved
Net result -24.64m NOK → -19.32m NOK (net margin -308.5% → -283.0%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.99m NOK to 6.83m NOK (-14.5% YoY). Calculated
-
↓
Equity eroded
Book equity 12.49m NOK → 8.41m NOK (equity ratio 4.3% → 2.9%). Calculated
-
↓
Cash fell
Bank deposits 313.0k NOK → 46.0k NOK (-85.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 8.94m NOK → 9.56m NOK. Reported fact