50 DEGREES NORTH NORDIC AS: årsregnskap 2023 vs 2022
Grew 102% on revenue, stronger earnings
registry 2024-06-24; journal 2024 514687
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 50 DEGREES NORTH NORDIC AS. Revenue 80.78m NOK → 162.87m NOK (+101.6%). Net result +778.2k NOK → +4.41m NOK. Equity 8.87m NOK → 13.05m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
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
What improved
-
↑
Revenue rose
Operating income / revenue moved from 80.78m NOK to 162.87m NOK (+101.6% YoY). Calculated
-
↑
Net result improved
Net result +778.2k NOK → +4.41m NOK (net margin 1.0% → 2.7%). Calculated
-
↑
Equity strengthened
Book equity 8.87m NOK → 13.05m NOK (equity ratio 18.2% → 19.3%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 15.72m NOK → 9.80m NOK (-37.7% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2.94m NOK → 5.69m NOK (4% → 3% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 66.14m NOK → 139.55m NOK (+111.0% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 1 NOK → 6.22m NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 5 → 8. Reported fact