50 DEGREES NORTH NORDIC AS: årsregnskap 2024 vs 2023
Shrank 76% on revenue
approved 2025-05-27; registry 2025-06-11; journal 2025 489140
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 50 DEGREES NORTH NORDIC AS. Revenue 162.87m NOK → 39.52m NOK (-75.7%). Net result +4.41m NOK → +3.64m NOK. Equity 13.05m NOK → 16.42m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed; headcount (årsverk) changed. 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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↑
Equity strengthened
Book equity 13.05m NOK → 16.42m NOK (equity ratio 19.3% → 24.6%). Calculated
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↑
Cash rose
Bank deposits 9.80m NOK → 14.55m NOK (+48.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 162.87m NOK to 39.52m NOK (-75.7% YoY). Calculated
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↓
Net result weakened
Net result +4.41m NOK → +3.64m NOK (net margin 2.7% → 9.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 5.69m NOK → 9.20m NOK (3% → 23% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 139.55m NOK → 11.50m NOK (-91.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6.22m NOK → 6.93m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 8 → 11.8. Reported fact