50 DEGREES NORTH NORDIC AS: årsregnskap 2015 vs 2014
Weaker earnings
approved 2016-05-21; registry 2016-06-13; journal 2016 510096
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 50 DEGREES NORTH NORDIC AS. Revenue 0 NOK → 527.7k NOK. Net result -27.2k NOK → -519.6k NOK. Equity 2 819 NOK → -516.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 50 DEGREES NORTH NORDIC AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 527.7k NOK. Calculated
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↑
Cash rose
Bank deposits 60.3k NOK → 1.47m NOK (+2328.1% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -27.2k NOK → -519.6k NOK. Calculated
-
↓
Equity eroded
Book equity 2 819 NOK → -516.7k NOK (equity ratio 100.0% → -28.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 373 NOK → 5 587 NOK. Calculated