50 DEGREES NORTH NORDIC AS: årsregnskap 2022 vs 2021
Grew 261% on revenue, weaker earnings
registry 2023-07-08; journal 2023 561085
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 50 DEGREES NORTH NORDIC AS. Revenue 22.39m NOK → 80.78m NOK (+260.8%). Net result +9.63m NOK → +778.2k NOK. Equity 2.10m NOK → 8.87m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; 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 22.39m NOK to 80.78m NOK (+260.8% YoY). Calculated
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↑
Equity strengthened
Book equity 2.10m NOK → 8.87m NOK (equity ratio 5.8% → 18.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.97× → 1.25×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.77m NOK → -209.8k NOK (op. margin 7.9% → -0.3%). Calculated
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↓
Net result weakened
Net result +9.63m NOK → +778.2k NOK (net margin 43.0% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 18.56m NOK → 15.72m NOK (-15.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.85m NOK → 2.94m NOK (8% → 4% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 14.48m NOK → 66.14m NOK (+356.7% YoY). Calculated