50 DEGREES NORTH NORDIC AS: årsregnskap 2016 vs 2015
Grew 42% on revenue
approved 2017-03-22; registry 2017-04-03; journal 2017 261711
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 50 DEGREES NORTH NORDIC AS. Revenue 527.7k NOK → 748.4k NOK (+41.8%). Equity -516.7k NOK → 295.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 50 DEGREES NORTH NORDIC AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 527.7k NOK to 748.4k NOK (+41.8% YoY). Calculated
-
↑
Equity strengthened
Book equity -516.7k NOK → 295.3k NOK (equity ratio -28.4% → 6.0%). Calculated
-
↑
Cash rose
Bank deposits 1.47m NOK → 4.02m NOK (+174.4% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.70× → 1.06×. Calculated
Things to notice
-
·
Payroll increased
Salary cost 5 587 NOK → 766.1k NOK (1% → 102% of revenue). Calculated