78 DEGREES NORTH AS: årsregnskap 2022 vs 2021
Another loss-making year
approved 2023-05-26; registry 2023-06-21; journal 2023 504410
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 78 DEGREES NORTH AS. Revenue 0 NOK → 2.00m NOK. Equity 24.4k NOK → -170.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 78 DEGREES NORTH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 2.00m NOK. Calculated
-
↑
Cash rose
Bank deposits 30.0k NOK → 83.9k NOK (+179.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result 0 NOK → -194.3k NOK. Calculated
-
↓
Equity eroded
Book equity 24.4k NOK → -170.2k NOK (equity ratio 81.4% → -86.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.39× → 0.46× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -86.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation