50 DEGREES NORTH NORDIC AS

2636 ØYER

Finances

Return on Equity

76,38 %

Current Ratio

1,25

Debt-to-Equity Ratio

1,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	80 785 000	22 391 000	8 674 000	36 840 000
Net Income	6 778 000	628 000	−1 277 000	1 536 000
Total Assets	48 642 000	36 057 000	18 481 000	23 962 000
Total Equity	8 874 000	2 096 000	1 468 000	2 745 000

Income (NOK)	2022	2021	2020	2019
Revenue	80 785 000	22 391 000	8 674 000	36 840 000
Expenditure	80 994 000	20 624 000	11 139 000	35 812 000
Operating Profit	−210 000	1 767 000	−2 465 000	1 028 000
Financial Income	13 045 000	1 846 000	3 178 000	2 373 000
Financial Costs	4 143 000	2 807 000	2 349 000	1 430 000
Financial Balance	8 902 000	−961 000	829 000	943 000
Earnings Before Tax	8 692 000	806 000	−1 636 000	1 971 000
Tax	1 913 000	178 000	−359 000	435 000
Net Income	6 778 000	628 000	−1 277 000	1 536 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 136 000	12 478 000	10 694 000	10 219 000
Total Current Assets	36 505 000	23 578 000	7 787 000	13 743 000
Total Assets	48 642 000	36 057 000	18 481 000	23 962 000
Total Retained Equity	8 844 000	2 066 000	1 438 000	2 715 000
Total Equity	8 874 000	2 096 000	1 468 000	2 745 000
Total Long-Term Debt	10 581 000	9 739 000	6 760 000	4 957 000
Total Current Debt	29 187 000	24 222 000	10 253 000	16 260 000
Total Equity and Debt	48 642 000	36 057 000	18 481 000	23 962 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	80 565 000	20 844 000	8 181 000	36 840 000
Other Income	220 000	1 548 000	493 000	0
Revenue	80 785 000	22 391 000	8 674 000	36 840 000
Cost of Goods Sold	66 135 000	14 481 000	6 350 000	27 761 000
Salary Costs	2 938 000	1 853 000	1 976 000	3 537 000
Depreciation	94 000	51 000	61 000	52 000
Impairment	0	0	0	0
Expenditure	80 994 000	20 624 000	11 139 000	35 812 000
Operating Profit	−210 000	1 767 000	−2 465 000	1 028 000
Financial Income	13 045 000	1 846 000	3 178 000	2 373 000
Financial Costs	4 143 000	2 807 000	2 349 000	1 430 000
Financial Balance	8 902 000	−961 000	829 000	943 000
Dividends	0	0	0	0
Net Income	6 778 000	628 000	−1 277 000	1 536 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 139 000	1 844 000	86 000	2 000
Real Eastate	181 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	34 000	43 000	62 000	113 000
Total Tangible Assets	239 000	78 000	108 000	113 000
Total Fiancial Fixed Assets	8 758 000	10 557 000	10 500 000	10 104 000
Total Fixed Assets	12 136 000	12 478 000	10 694 000	10 219 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 716 000	18 558 000	5 427 000	12 070 000
Total Current Assets	36 505 000	23 578 000	7 787 000	13 743 000
Total Assets	48 642 000	36 057 000	18 481 000	23 962 000
Total Equity	8 874 000	2 096 000	1 468 000	2 745 000
Short-Term Group Debt	6 330 000	6 683 000	5 028 000	5 520 000
Total Long-Term Debt	10 581 000	9 739 000	6 760 000	4 957 000
Creditors	11 347 000	3 267 000	368 000	1 067 000
Unpaid Taxes	173 000	109 000	68 000	181 000
Dividends	0	0	0	0
Other Current Debt	9 541 000	14 062 000	4 788 000	9 475 000
Total Current Debt	29 187 000	24 222 000	10 253 000	16 260 000
Total Equity and Debt	48 642 000	36 057 000	18 481 000	23 962 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,38 %	29,96 %	−86,99 %	55,96 %
Debt-to-Equity Ratio	1,19	4,65	4,6	1,81
Operating Profit Margin	−0,26 %	7,89 %	−28,42 %	2,79 %
Current Ratio	1,25	0,97	0,76	0,85
Quick Ratio	1,25	0,97	0,76	0,85
Equity Ratio	0,18	0,06	0,08	0,11
Gross Profit Margin	18,13 %	35,33 %	26,79 %	24,64 %