TRANSOCEAN SPITSBERGEN ASA: årsregnskap 2023 vs 2022
Shrank 26% on revenue, weaker earnings
approved 2024-06-26; registry 2024-07-20; journal 2024 648461
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for TRANSOCEAN SPITSBERGEN ASA. Revenue 6.83m NOK → 5.03m NOK (-26.4%). Net result -19.32m NOK → -29.81m NOK. Equity 8.41m NOK → -21.40m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for TRANSOCEAN SPITSBERGEN ASA.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 6.83m NOK to 5.03m NOK (-26.4% YoY). Calculated
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Operating result weakened
Operating result -6.90m NOK → -7.72m NOK (op. margin -101.1% → -153.5%). Calculated
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Net result weakened
Net result -19.32m NOK → -29.81m NOK (net margin -283.0% → -593.2%). Calculated
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Equity eroded
Book equity 8.41m NOK → -21.40m NOK (equity ratio 2.9% → -7.8%). Calculated
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Cash fell
Bank deposits 46.0k NOK → 32.0k NOK (-30.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation