$GHRS
GH Research PLC

2022 Q4 Form 20-F Financial Statement

#000114036123010814 Filed on March 09, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.260M $10.07M $6.543M
YoY Change -30.89% 53.9% 5958.33%
% of Gross Profit
Research & Development $6.822M $20.48M $8.538M
YoY Change 104.01% 139.92% 2426.04%
% of Gross Profit
Depreciation & Amortization $13.00K $47.00K $19.00K
YoY Change 44.44% 147.37%
% of Gross Profit
Operating Expenses $9.172M $30.55M $15.10M
YoY Change 38.53% 102.34% 3285.65%
Operating Profit
YoY Change
Interest Expense -$7.414M $0.00 $5.898M
YoY Change -393.04% -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$16.59M -$22.46M -$9.202M
YoY Change 305.43% 144.03% 1963.23%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$16.59M -$22.46M -$9.202M
YoY Change 305.43% 144.03% 1963.23%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.32 -$0.43 -$210.7K
COMMON SHARES
Basic Shares Outstanding 52.02M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $166.0M $166.0M $276.8M
YoY Change -40.04% -40.04% 4595.1%
Cash & Equivalents $166.0M $35.70M $276.8M
Short-Term Investments
Other Short-Term Assets $2.586M $2.496M $3.018M
YoY Change -15.66% -17.3% 17652.94%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $168.5M $168.5M $279.8M
YoY Change -39.77% -39.77% 4633.46%
LONG-TERM ASSETS
Property, Plant & Equipment $97.00K $97.00K $82.00K
YoY Change 18.29% 18.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $85.72M $85.72M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $85.82M $85.82M $82.00K
YoY Change 104559.76% 104559.76%
TOTAL ASSETS
Total Short-Term Assets $168.5M $168.5M $279.8M
Total Long-Term Assets $85.82M $85.82M $82.00K
Total Assets $254.4M $254.4M $279.9M
YoY Change -9.13% -9.13% 4634.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.868M $1.868M $883.0K
YoY Change 111.55% 111.55% 88200.0%
Accrued Expenses $2.366M $1.698M
YoY Change 39.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.546M $4.546M $2.749M
YoY Change 65.37% 65.37% 1017.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $4.546M $4.546M $2.749M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $4.546M $4.546M $2.749M
YoY Change 65.37% 65.37% 1017.48%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $249.8M $249.8M $277.2M
YoY Change
Total Liabilities & Shareholders Equity $254.4M $254.4M $279.9M
YoY Change -9.13% -9.13% 4634.84%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$16.59M -$22.46M -$9.202M
YoY Change 305.43% 144.03% 1963.23%
Depreciation, Depletion And Amortization $13.00K $47.00K $19.00K
YoY Change 44.44% 147.37%
Cash From Operating Activities -$6.867M -$26.20M -$15.28M
YoY Change 82.73% 71.43% 4531.21%
INVESTING ACTIVITIES
Capital Expenditures $18.00K $67.00K -$104.0K
YoY Change -194.74% -164.42%
Acquisitions
YoY Change
Other Investing Activities -$84.62M -$84.62M
YoY Change
Cash From Investing Activities -$84.64M -$84.69M -$104.0K
YoY Change 445368.42% 81330.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $309.2M
YoY Change 5521.82%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 286.4M
YoY Change -100.0% -100.0% 5108.13%
NET CHANGE
Cash From Operating Activities -6.867M -26.20M -15.28M
Cash From Investing Activities -84.64M -84.69M -104.0K
Cash From Financing Activities 0.000 0.000 286.4M
Net Change In Cash -91.51M -110.9M 271.1M
YoY Change 2217.78% -140.91% 5142.94%
FREE CASH FLOW
Cash From Operating Activities -$6.867M -$26.20M -$15.28M
Capital Expenditures $18.00K $67.00K -$104.0K
Free Cash Flow -$6.885M -$26.27M -$15.18M
YoY Change 84.14% 73.04%

Facts In Submission

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GH Research PLC
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<div style="text-align: justify; font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;">Foreign currency translation</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 18pt;">The functional currency of the Company is the U.S. dollar given it is listed on Nasdaq and its fundraising activities are in U.S. dollars. The functional currency of its subsidiary, GH Research Ireland Limited, is euro due to its expenses being mainly incurred in euro. These consolidated financial statements are presented in U.S. dollar which is the Group’s presentation currency.</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 18pt;">Items included in the financial statement of the Company’s subsidiary are measured using the currency of the primary economic environment in which the entity operates which is the euro.</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 18pt;">Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated at the consolidated statement of financial position date. The subsidiary is holding a U.S. cash balance and, as a result of the accounting treatment, when it is translated to euro in the subsidiary accounts, it results in a foreign exchange gain or loss in the income statement. On consolidation, the subsidiary’s assets and liabilities in foreign currencies are retranslated and the resulting foreign currency difference goes through the foreign currency translation reserve.</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 18pt;">Share capital issuances are translated into U.S. dollars at the exchange rate prevailing when the contractual commitment is made. Foreign currency differences can arise on translation where the cash inflows are received in a different period to the contractual commitment.</div>
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<div style="text-align: justify; font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;">Leases and right-of-use assets</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 18pt;">The Group recognizes a right-of-use asset and a corresponding lease liability for all arrangements in which it is a lessee, except for leases with a term of 12 months or less (short-term leases) and low-value leases. For these short-term and low-value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. <br/> </div>
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CY2022 ifrs-full Disclosure Of Expenses By Nature Explanatory
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<div style="font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;">3.<span class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </span>Expenses by nature</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 18pt;">The following table provides the consolidated statement of comprehensive income classification of our expense by nature:</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <table cellpadding="0" cellspacing="0" class="cfttable" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;"> <tr> <td style="vertical-align: top; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="10" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="text-align: center; font-weight: bold;">Year ended</div> <div style="text-align: center; font-weight: bold;">December 31,</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2022<br/> </div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2021<br/> </div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom;" valign="bottom"> </td> <td colspan="2" style="vertical-align: top;" valign="bottom"> <div style="text-align: center; font-weight: bold;">2020<br/> </div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold; text-align: center;">$’000</div> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold; text-align: center;">$’000</div> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="2" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold; text-align: center;">$’000</div> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;"><span style="text-decoration: underline;">Research and development</span></div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">External research and development expenses<br/> </div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom">16,019</td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom">6,602</td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom">338</td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Employee expenses <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>4,119</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>1,419</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>—</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: top; text-indent: -9pt; margin-left: 9pt; width: 64%;" valign="bottom"> <div style="margin-left: 9pt;">Depreciation<br/> </div> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom">33</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom">14</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom">—</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: top; text-indent: -9pt; margin-left: 9pt; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="margin-left: 9pt;">Other expenses <br/> </div> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom">313</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom">518</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom">—</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Total research and development expenses</div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="font-weight: bold;">20,484</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="font-weight: bold;">8,553</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div style="font-weight: bold;">338</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;"><span style="text-decoration: underline;">General and administrative</span></div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">External costs</div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>7,785</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>5,618</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" valign="bottom"> <div>103</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt;">Employee expenses <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>2,271</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>924</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%;" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;" valign="bottom"> <div>5</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td rowspan="1" style="vertical-align: top; text-indent: -9pt; margin-left: 9pt; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="margin-left: 9pt;">Depreciation <br/> </div> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom">14</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom">5</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom">—</td> <td colspan="1" rowspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 2px;" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Total general and administrative expenses</div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold;">10,070</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold;">6,547</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" valign="bottom"> <div style="font-weight: bold;">108</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; white-space: nowrap;" valign="bottom"> </td> </tr> <tr> <td style="vertical-align: top; width: 64%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> <div style="text-indent: -7.2pt; margin-left: 7.2pt; font-weight: bold;">Total operating expenses</div> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> <div style="font-weight: bold;">30,554</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> <div style="font-weight: bold;">15,100</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> <td colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> </td> <td colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" valign="bottom"> <div style="font-weight: bold;">446</div> </td> <td colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255); white-space: nowrap;" valign="bottom"> </td> </tr> </table> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1) </sup>Included <span style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">in employee expenses is share-based compensation expense of $1.0 million and $0.2 million for the years ended December 31, 2022 and 2021, respectively, relating to employees in the research and development department</span><span style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;">.</span></div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"> </div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2) </sup><span style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;">Included <span style="font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; text-align: justify; text-indent: 0px; white-space: normal; word-spacing: 0px; text-decoration-style: initial; text-decoration-color: initial; display: inline ! important; float: none;">in employee expenses is share-based compensation expense of $0.7 million and $0.2 million for the years ended December 31, 2022 and 2021, respectively, relating to employees in the general and administrative department.</span></span></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;"> <br/> </div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Foreign exchange gain</div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> <br/> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; text-indent: 18pt;">Foreign exchange gain of $7.2 million for the year ended December 31, 2022 (2021: $5.9 million, 2020: $<span style="-sec-ix-hidden:Fact_0176836c18f048ce9e5a279ab530bc7f">nil</span>) consists primarily of gains related to the translation of the U.S. dollar cash balance into euro in the accounts of the Company’s subsidiary, GH Research Ireland Limited, whose functional currency is euro as explained in note 2, “Basis of preparation, significant judgments, and accounting policies”.</div>
CY2022 ghrs Research And Development Expense Allocation External Costs
ResearchAndDevelopmentExpenseAllocationExternalCosts
16019000
CY2021 ghrs Research And Development Expense Allocation External Costs
ResearchAndDevelopmentExpenseAllocationExternalCosts
6602000
CY2020 ghrs Research And Development Expense Allocation External Costs
ResearchAndDevelopmentExpenseAllocationExternalCosts
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ResearchAndDevelopmentExpenseAllocationEmployeeExpenses
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ResearchAndDevelopmentExpenseAllocationEmployeeExpenses
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ResearchAndDevelopmentExpenseAllocationEmployeeExpenses
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ResearchAndDevelopmentExpenseAllocationDepreciation
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CY2021 ghrs Research And Development Expense Allocation Depreciation
ResearchAndDevelopmentExpenseAllocationDepreciation
14000
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ResearchAndDevelopmentExpenseAllocationDepreciation
0
CY2022 ghrs Research And Development Expense Allocation Other Expenses
ResearchAndDevelopmentExpenseAllocationOtherExpenses
313000
CY2021 ghrs Research And Development Expense Allocation Other Expenses
ResearchAndDevelopmentExpenseAllocationOtherExpenses
518000
CY2020 ghrs Research And Development Expense Allocation Other Expenses
ResearchAndDevelopmentExpenseAllocationOtherExpenses
0
CY2022 ifrs-full Research And Development Expense
ResearchAndDevelopmentExpense
20484000
CY2021 ifrs-full Research And Development Expense
ResearchAndDevelopmentExpense
8553000
CY2020 ifrs-full Research And Development Expense
ResearchAndDevelopmentExpense
338000
CY2022 ghrs General And Administrative Expense Allocation External Costs
GeneralAndAdministrativeExpenseAllocationExternalCosts
7785000
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GeneralAndAdministrativeExpenseAllocationExternalCosts
5618000
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GeneralAndAdministrativeExpenseAllocationExternalCosts
103000
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GeneralAndAdministrativeExpenseAllocationEmployeeExpenses
2271000
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GeneralAndAdministrativeExpenseAllocationEmployeeExpenses
924000
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GeneralAndAdministrativeExpenseAllocationEmployeeExpenses
5000
CY2022 ghrs General And Administrative Expense Allocation Depreciation
GeneralAndAdministrativeExpenseAllocationDepreciation
14000
CY2022 ifrs-full Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
7200000
CY2021 ifrs-full Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
5900000
CY2022 ifrs-full Wages And Salaries
WagesAndSalaries
4337000
CY2021 ifrs-full Wages And Salaries
WagesAndSalaries
1862000
CY2020 ifrs-full Wages And Salaries
WagesAndSalaries
4000
CY2022 ifrs-full Social Security Contributions
SocialSecurityContributions
382000
CY2021 ifrs-full Social Security Contributions
SocialSecurityContributions
115000
CY2020 ifrs-full Social Security Contributions
SocialSecurityContributions
1000
CY2022 ifrs-full Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
1671000
CY2021 ifrs-full Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
366000
CY2020 ifrs-full Expense From Sharebased Payment Transactions With Employees
ExpenseFromSharebasedPaymentTransactionsWithEmployees
0
CY2022 ifrs-full Employee Benefits Expense
EmployeeBenefitsExpense
6390000
CY2021 ifrs-full Employee Benefits Expense
EmployeeBenefitsExpense
2343000
CY2020 ifrs-full Employee Benefits Expense
EmployeeBenefitsExpense
5000
CY2022 ghrs Lease Expense Relating To Short Term Leases
LeaseExpenseRelatingToShortTermLeases
101000
CY2021 ghrs Lease Expense Relating To Short Term Leases
LeaseExpenseRelatingToShortTermLeases
76000
CY2020 ghrs Lease Expense Relating To Short Term Leases
LeaseExpenseRelatingToShortTermLeases
5000
CY2022 ifrs-full Interest Income On Cash And Cash Equivalents
InterestIncomeOnCashAndCashEquivalents
308000
CY2021 ifrs-full Interest Income On Cash And Cash Equivalents
InterestIncomeOnCashAndCashEquivalents
0
CY2020 ifrs-full Interest Income On Cash And Cash Equivalents
InterestIncomeOnCashAndCashEquivalents
0
CY2022 ifrs-full Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss
InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
858000
CY2021 ifrs-full Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss
InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
0
CY2020 ifrs-full Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss
InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
0
CY2022 ifrs-full Finance Income
FinanceIncome
1166000
CY2021 ifrs-full Finance Income
FinanceIncome
0
CY2020 ifrs-full Finance Income
FinanceIncome
0
CY2022 ghrs Expected Credit Losses On Marketable Securities At Fair Value Through Other Comprehensive Income
ExpectedCreditLossesOnMarketableSecuritiesAtFairValueThroughOtherComprehensiveIncome
121000
CY2021 ghrs Expected Credit Losses On Marketable Securities At Fair Value Through Other Comprehensive Income
ExpectedCreditLossesOnMarketableSecuritiesAtFairValueThroughOtherComprehensiveIncome
0
CY2020 ghrs Expected Credit Losses On Marketable Securities At Fair Value Through Other Comprehensive Income
ExpectedCreditLossesOnMarketableSecuritiesAtFairValueThroughOtherComprehensiveIncome
0
CY2022 ghrs Finance Expenses On Investment
FinanceExpensesOnInvestment
123000
CY2021 ghrs Finance Expenses On Investment
FinanceExpensesOnInvestment
0
CY2020 ghrs Finance Expenses On Investment
FinanceExpensesOnInvestment
0
CY2022 ifrs-full Interest Expense
InterestExpense
0
CY2021 ifrs-full Interest Expense
InterestExpense
9000
CY2020 ifrs-full Interest Expense
InterestExpense
0
CY2022 ifrs-full Finance Costs
FinanceCosts
244000
CY2021 ifrs-full Finance Costs
FinanceCosts
9000
CY2020 ifrs-full Finance Costs
FinanceCosts
0
CY2022 ifrs-full Finance Income Cost
FinanceIncomeCost
922000
CY2021 ifrs-full Finance Income Cost
FinanceIncomeCost
-9000
CY2020 ifrs-full Finance Income Cost
FinanceIncomeCost
0
CY2022 ifrs-full Profit Loss Before Tax
ProfitLossBeforeTax
-22456000
CY2021 ifrs-full Profit Loss Before Tax
ProfitLossBeforeTax
-9202000
CY2020 ifrs-full Profit Loss Before Tax
ProfitLossBeforeTax
-446000
CY2021 ifrs-full Applicable Tax Rate
ApplicableTaxRate
0.125
CY2020 ifrs-full Applicable Tax Rate
ApplicableTaxRate
0.125
CY2022 ifrs-full Applicable Tax Rate
ApplicableTaxRate
0.125
CY2022 ifrs-full Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
-2807000
CY2021 ifrs-full Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
-1150000
CY2020 ifrs-full Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
-56000
CY2022 ifrs-full Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
2625000
CY2021 ifrs-full Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
1150000
CY2020 ifrs-full Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
56000
CY2022 ifrs-full Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
182000
CY2021 ifrs-full Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
0
CY2020 ifrs-full Other Tax Effects For Reconciliation Between Accounting Profit And Tax Expense Income
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome
0
CY2022 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
0
CY2021 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
0
CY2020 ifrs-full Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
0
CY2021Q4 ifrs-full Deferred Tax Assets
DeferredTaxAssets
0
CY2022Q4 ifrs-full Deferred Tax Assets
DeferredTaxAssets
0
CY2022Q4 ifrs-full Cash
Cash
130252000
CY2021Q4 ifrs-full Cash
Cash
276776000
CY2022Q4 ifrs-full Cash Equivalents
CashEquivalents
35703000
CY2021Q4 ifrs-full Cash Equivalents
CashEquivalents
0
CY2022Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
165955000
CY2021Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
276776000
CY2022Q4 ifrs-full Current Prepaid Expenses
CurrentPrepaidExpenses
2449000
CY2021Q4 ifrs-full Current Prepaid Expenses
CurrentPrepaidExpenses
3008000
CY2022Q4 ifrs-full Value Added Tax Receivables
ValueAddedTaxReceivables
90000
CY2021Q4 ifrs-full Value Added Tax Receivables
ValueAddedTaxReceivables
48000
CY2022Q4 ifrs-full Other Current Financial Assets
OtherCurrentFinancialAssets
47000
CY2021Q4 ifrs-full Other Current Financial Assets
OtherCurrentFinancialAssets
10000
CY2022Q4 ifrs-full Other Current Assets
OtherCurrentAssets
2586000
CY2021Q4 ifrs-full Other Current Assets
OtherCurrentAssets
3066000
CY2022 ifrs-full Impairment Loss
ImpairmentLoss
100000
CY2022 ifrs-full Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Net Of Tax
GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax
437000
CY2021 ifrs-full Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Net Of Tax
GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax
0
CY2022 ifrs-full Other Comprehensive Income Net Of Tax Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability
OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability
121000
CY2021 ifrs-full Other Comprehensive Income Net Of Tax Change In Fair Value Of Financial Liability Attributable To Change In Credit Risk Of Liability
OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability
0
CY2022 ifrs-full Other Comprehensive Income Net Of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income
OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome
558000
CY2021 ifrs-full Other Comprehensive Income Net Of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income
OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome
0
CY2021 ghrs Marketable Securities At Fair Value Through Other Comprehensive Income Of Interest Rates
MarketableSecuritiesAtFairValueThroughOtherComprehensiveIncomeOfInterestRates
0
CY2021Q4 ifrs-full Property Plant And Equipment
PropertyPlantAndEquipment
82000
CY2022Q4 ifrs-full Property Plant And Equipment
PropertyPlantAndEquipment
97000
CY2022Q4 ifrs-full Accruals Classified As Current
AccrualsClassifiedAsCurrent
2366000
CY2021Q4 ifrs-full Accruals Classified As Current
AccrualsClassifiedAsCurrent
1698000
CY2022Q4 ifrs-full Current Payables On Social Security And Taxes Other Than Income Tax
CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax
217000
CY2021Q4 ifrs-full Current Payables On Social Security And Taxes Other Than Income Tax
CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax
96000
CY2022Q4 ifrs-full Other Current Payables
OtherCurrentPayables
95000
CY2021Q4 ifrs-full Other Current Payables
OtherCurrentPayables
72000
CY2022Q4 ifrs-full Other Current Liabilities
OtherCurrentLiabilities
2678000
CY2021Q4 ifrs-full Other Current Liabilities
OtherCurrentLiabilities
1866000
CY2019Q4 ifrs-full Number Of Shares Issued
NumberOfSharesIssued
70000000
CY2020Q4 ifrs-full Number Of Shares Issued
NumberOfSharesIssued
75923079
CY2021 ghrs Increase Decrease Through Issue And Share Exchange
IncreaseDecreaseThroughIssueAndShareExchange
0
CY2021 ghrs Increase Decrease In Share Consolidation
IncreaseDecreaseInShareConsolidation
-60781276
CY2021Q4 ifrs-full Number Of Shares Issued
NumberOfSharesIssued
52020849
CY2022Q4 ifrs-full Number Of Shares Issued
NumberOfSharesIssued
52020849
CY2022 ghrs Stock Split Conversion Ratio
StockSplitConversionRatio
2.5
CY2021Q1 ghrs Authorized Share Capital Value
AuthorizedShareCapitalValue
25000
CY2021Q2 ifrs-full Par Value Per Share
ParValuePerShare
0.01
CY2022 ghrs Dividend Payable Ordinary Shares Per Share
DividendPayableOrdinarySharesPerShare
0
CY2022Q4 ifrs-full Other Reserves
OtherReserves
2600000
CY2021Q4 ifrs-full Other Reserves
OtherReserves
400000
CY2022Q4 ifrs-full Reserve Of Exchange Differences On Translation
ReserveOfExchangeDifferencesOnTranslation
-13000000
CY2021Q4 ifrs-full Reserve Of Exchange Differences On Translation
ReserveOfExchangeDifferencesOnTranslation
-5900000
CY2021Q2 ifrs-full Shares Reserved For Issue Under Options And Contracts For Sale Of Shares
SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares
1202734
CY2022Q4 ghrs Number Of Ordinary Shares Available For Future Issuance Of Share Based Equity Awards
NumberOfOrdinarySharesAvailableForFutureIssuanceOfShareBasedEquityAwards
741138
CY2021Q4 ghrs Number Of Ordinary Shares Available For Future Issuance Of Share Based Equity Awards
NumberOfOrdinarySharesAvailableForFutureIssuanceOfShareBasedEquityAwards
1045547
CY2022 ghrs Share Based Payment Arrangement Award Vesting Rights Percentage
ShareBasedPaymentArrangementAwardVestingRightsPercentage
0.25
CY2022 ghrs Share Based Compensation Arrangement By Share Based Payment Award Vesting Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingPeriod
P3Y
CY2022 ghrs Vesting Requirements For Share Based Payment Arrangement Award Vesting Period
VestingRequirementsForShareBasedPaymentArrangementAwardVestingPeriod
P2Y
CY2022 ghrs Share Option Award Granted Period
ShareOptionAwardGrantedPeriod
P8Y
CY2020Q4 ifrs-full Weighted Average Exercise Price Of Share Options Outstanding In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019
0
CY2020Q4 ifrs-full Number Of Outstanding Share Options
NumberOfOutstandingShareOptions
0
CY2021 ifrs-full Weighted Average Exercise Price Of Share Options Granted In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019
15.8
CY2021 ifrs-full Number Of Share Options Granted In Sharebased Payment Arrangement
NumberOfShareOptionsGrantedInSharebasedPaymentArrangement
157187
CY2021 ghrs Weighted Average Remaining Contractual Life Of Granted Share Options
WeightedAverageRemainingContractualLifeOfGrantedShareOptions
P7Y7M13D
CY2021Q4 ifrs-full Weighted Average Exercise Price Of Share Options Outstanding In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019
15.8
CY2021Q4 ifrs-full Number Of Outstanding Share Options
NumberOfOutstandingShareOptions
157187
CY2021 ifrs-full Weighted Average Remaining Contractual Life Of Outstanding Share Options2019
WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019
P7Y7M13D
CY2022 ifrs-full Weighted Average Exercise Price Of Share Options Granted In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019
14.1
CY2022 ifrs-full Number Of Share Options Granted In Sharebased Payment Arrangement
NumberOfShareOptionsGrantedInSharebasedPaymentArrangement
304409
CY2022 ghrs Weighted Average Remaining Contractual Life Of Granted Share Options
WeightedAverageRemainingContractualLifeOfGrantedShareOptions
P7Y4M28D
CY2022Q4 ifrs-full Weighted Average Exercise Price Of Share Options Outstanding In Sharebased Payment Arrangement2019
WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019
15.32
CY2022Q4 ifrs-full Number Of Outstanding Share Options
NumberOfOutstandingShareOptions
461596
CY2022 ifrs-full Weighted Average Remaining Contractual Life Of Outstanding Share Options2019
WeightedAverageRemainingContractualLifeOfOutstandingShareOptions2019
P7Y1M20D
CY2022Q4 ifrs-full Number Of Share Options Exercisable In Sharebased Payment Arrangement
NumberOfShareOptionsExercisableInSharebasedPaymentArrangement
0
CY2022 ghrs Number Of Options Vested In Share Based Payment Arrangement
NumberOfOptionsVestedInShareBasedPaymentArrangement
60032
CY2022 ghrs Vesting Requirements For Share Based Payment Arrangement Award Vesting Period
VestingRequirementsForShareBasedPaymentArrangementAwardVestingPeriod
P2Y
CY2021 ghrs Number Of Options Vested In Share Based Payment Arrangement
NumberOfOptionsVestedInShareBasedPaymentArrangement
7296
CY2022 ghrs Weighted Average Grant Date Fair Value Of Options Granted In Share Based Payment Arrangement
WeightedAverageGrantDateFairValueOfOptionsGrantedInShareBasedPaymentArrangement
9.92
CY2021 ghrs Weighted Average Grant Date Fair Value Of Options Granted In Share Based Payment Arrangement
WeightedAverageGrantDateFairValueOfOptionsGrantedInShareBasedPaymentArrangement
14.44
CY2022 ifrs-full Description Of Option Life Share Options Granted
DescriptionOfOptionLifeShareOptionsGranted
6
CY2021 ifrs-full Description Of Option Life Share Options Granted
DescriptionOfOptionLifeShareOptionsGranted
5.95
CY2022 ifrs-full Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
0
CY2021 ifrs-full Expected Dividend As Percentage Share Options Granted
ExpectedDividendAsPercentageShareOptionsGranted
0
CY2022 ghrs Share Option Award Granted Period
ShareOptionAwardGrantedPeriod
P8Y
CY2022 ifrs-full Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
1700000
CY2021 ifrs-full Adjustments For Sharebased Payments
AdjustmentsForSharebasedPayments
400000
CY2022Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
165955000
CY2021Q4 ifrs-full Cash And Cash Equivalents
CashAndCashEquivalents
276776000
CY2022 ifrs-full Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
7200000
CY2021 ifrs-full Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
5900000
CY2022Q4 ghrs Number Of Banks Cash Balance Held
NumberOfBanksCashBalanceHeld
3
CY2022 ghrs Number Of Bonds Valued On Portfolio
NumberOfBondsValuedOnPortfolio
0
CY2022 ghrs Percentage Of Value Of Portfolio Considered For Investment In Bonds
PercentageOfValueOfPortfolioConsideredForInvestmentInBonds
0.03
CY2021Q4 ghrs Impairment Allowance For Credit Losses
ImpairmentAllowanceForCreditLosses
0
CY2020Q4 ghrs Impairment Allowance For Credit Losses
ImpairmentAllowanceForCreditLosses
0
CY2022 ghrs Increase Decrease Impairment Allowance
IncreaseDecreaseImpairmentAllowance
121000
CY2021 ghrs Increase Decrease Impairment Allowance
IncreaseDecreaseImpairmentAllowance
0
CY2022Q4 ghrs Impairment Allowance For Credit Losses
ImpairmentAllowanceForCreditLosses
121000
CY2021Q4 ghrs Impairment Allowance For Credit Losses
ImpairmentAllowanceForCreditLosses
0
CY2022Q4 ifrs-full Borrowings Adjustment To Interest Rate Basis
BorrowingsAdjustmentToInterestRateBasis
0.0050
CY2022 ghrs Gains Losses On Exchange Differences On Interest Rate Swaps Before Tax
GainsLossesOnExchangeDifferencesOnInterestRateSwapsBeforeTax
1100000
CY2022 ghrs Key Management Personnel Compensation Salaries And Related Expenses
KeyManagementPersonnelCompensationSalariesAndRelatedExpenses
893000
CY2021 ghrs Key Management Personnel Compensation Salaries And Related Expenses
KeyManagementPersonnelCompensationSalariesAndRelatedExpenses
687000
CY2020 ghrs Key Management Personnel Compensation Salaries And Related Expenses
KeyManagementPersonnelCompensationSalariesAndRelatedExpenses
5000
CY2022 ifrs-full Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
338000
CY2021 ifrs-full Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
163000
CY2020 ifrs-full Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
0
CY2022 ifrs-full Key Management Personnel Compensation
KeyManagementPersonnelCompensation
1231000
CY2021 ifrs-full Key Management Personnel Compensation
KeyManagementPersonnelCompensation
850000
CY2020 ifrs-full Key Management Personnel Compensation
KeyManagementPersonnelCompensation
5000
CY2022 ifrs-full Profit Loss Attributable To Owners Of Parent
ProfitLossAttributableToOwnersOfParent
-22456000
CY2021 ifrs-full Profit Loss Attributable To Owners Of Parent
ProfitLossAttributableToOwnersOfParent
-9202000
CY2020 ifrs-full Profit Loss Attributable To Owners Of Parent
ProfitLossAttributableToOwnersOfParent
-446000
CY2022 ifrs-full Weighted Average Shares
WeightedAverageShares
52020849
CY2021 ifrs-full Weighted Average Shares
WeightedAverageShares
43683296
CY2020 ifrs-full Weighted Average Shares
WeightedAverageShares
28359368
CY2022 ifrs-full Basic Earnings Loss Per Share
BasicEarningsLossPerShare
-0.432
CY2022 ifrs-full Diluted Earnings Loss Per Share
DilutedEarningsLossPerShare
-0.432
CY2021 ifrs-full Diluted Earnings Loss Per Share
DilutedEarningsLossPerShare
-0.211
CY2021 ifrs-full Basic Earnings Loss Per Share
BasicEarningsLossPerShare
-0.211
CY2020 ifrs-full Basic Earnings Loss Per Share
BasicEarningsLossPerShare
-0.016
CY2020 ifrs-full Diluted Earnings Loss Per Share
DilutedEarningsLossPerShare
-0.016

Files In Submission

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