FirmaIQ
Org.nr 914 166 489 2018 → 2019 Year-over-year analysis

50 DEGREES NORTH NORDIC AS: årsregnskap 2019 vs 2018

Grew 30% on revenue

approved 2020-07-29; registry 2020-09-05; journal 2020 742808

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 50 DEGREES NORTH NORDIC AS. Revenue 28.43m NOK → 36.84m NOK (+29.6%). Equity 1.21m NOK → 2.74m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 50 DEGREES NORTH NORDIC AS.

At a glance

Scorecard

Revenue
28.43m NOK 36.84m NOK
+29.6%
Operating result
n/m +1.03m NOK
—
Net result
n/m +1.54m NOK
—
Equity
1.21m NOK 2.74m NOK
+127.1%
Cash
10.20m NOK 12.07m NOK
+18.4%
Total assets
12.59m NOK 23.96m NOK
+90.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 28.43m NOK to 36.84m NOK (+29.6% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.21m NOK → 2.74m NOK (equity ratio 9.6% → 11.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 10.20m NOK → 12.07m NOK (+18.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.91m NOK → 3.54m NOK (10% → 10% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 19.97m NOK → 27.76m NOK (+39.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1 251 NOK → 8 NOK. Reported fact