50 DEGREES NORTH NORDIC AS: årsregnskap 2018 vs 2017
Grew 85% on revenue
approved 2019-06-30; registry 2019-07-31; journal 2019 831507
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 50 DEGREES NORTH NORDIC AS. Revenue 15.40m NOK → 28.43m NOK (+84.6%). Equity 456.5k NOK → 1.21m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: current ratio dropped below 1×.
Also worth watching: 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 15.40m NOK to 28.43m NOK (+84.6% YoY). Calculated
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↑
Equity strengthened
Book equity 456.5k NOK → 1.21m NOK (equity ratio 5.9% → 9.6%). Calculated
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↑
Cash rose
Bank deposits 6.34m NOK → 10.20m NOK (+60.7% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 10.4k NOK → 19.97m NOK (+192729.7% YoY). Calculated