TGS ASA (TGS ASA) Buildings And Improvements : $34.6 Mil (As of Dec. 2023)

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What is TGS ASA Buildings And Improvements?

TGS ASA's quarterly buildings and improvements declined from Jun. 2023 ($146.6 Mil) to Sep. 2023 ($138.1 Mil) and declined from Sep. 2023 ($138.1 Mil) to Dec. 2023 ($34.6 Mil).

TGS ASA's annual buildings and improvements increased from Dec. 2021 ($32.2 Mil) to Dec. 2022 ($41.0 Mil) but then declined from Dec. 2022 ($41.0 Mil) to Dec. 2023 ($34.6 Mil).

TGS ASA Buildings And Improvements Historical Data

The historical data trend for TGS ASA's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TGS ASA Buildings And Improvements Chart

TGS ASA Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Buildings And Improvements

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30.94

34.91

32.20

41.02

34.56

TGS ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Buildings And Improvements	Get a 7-Day Free Trial															41.02	141.52	146.64	138.10	34.56

TGS ASA Buildings And Improvements Calculation

Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.

Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.

TGS ASA (TGS ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OTCPK:TGSGY) » Definitions » Buildings And Improvements

Comparable Companies

Traded in Other Exchanges

TGSo:Sweden TGS:Norway 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.