50 DEGREES NORTH NORDIC AS: årsregnskap 2017 vs 2016
Grew 1958% on revenue
approved 2018-05-23; registry 2018-06-07; journal 2018 433982
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 50 DEGREES NORTH NORDIC AS. Revenue 748.4k NOK → 15.40m NOK (+1958.4%). Equity 295.3k NOK → 456.5k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose.
Also worth watching: thin equity buffer; cogs moved. 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 748.4k NOK to 15.40m NOK (+1958.4% YoY). Calculated
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↑
Equity strengthened
Book equity 295.3k NOK → 456.5k NOK (equity ratio 6.0% → 5.9%). Calculated
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↑
Cash rose
Bank deposits 4.02m NOK → 6.34m NOK (+57.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 935 NOK → 10.4k NOK (+1007.4% YoY). Calculated