Question on NMEA protocol

blacblu:
And saw an example of how my $GPRMC string could become.
Like this on the example: "$GPRMC,220516,A,5133.82,N,00042.24,W,173.8,231.8,130694,004.2,W*70"

Is this string equal to:
Latitude: 51.3382 Longitude: -00.0422 ?

5133.82 is 51 deg 33.82 min
00042.24 is 00 deg 42.24 min

http://www.gpsinformation.org/dale/nmea.htm#RMC