TORNEROSE BIO AS

1870 ØRJE

Finances

Share Ownership

Return on Equity

2 272,47 %

Current Ratio

179,94

Debt-to-Equity Ratio

3,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 806 000	7 000	2 544 000	966 000
Net Income	15 271 000	1 407 000	−2 300 000	−4 484 000
Total Assets	2 879 000	3 271 000	2 062 000	2 450 000
Total Equity	672 000	2 574 000	1 167 000	1 717 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 806 000	7 000	2 544 000	966 000
Expenditure	2 246 000	523 000	4 840 000	5 501 000
Operating Profit	19 560 000	−517 000	−2 297 000	−4 536 000
Financial Income	38 000	10 000	71 000	62 000
Financial Costs	21 000	18 000	74 000	10 000
Financial Balance	17 000	−8 000	−3 000	52 000
Earnings Before Tax	19 578 000	−525 000	−2 300 000	−4 484 000
Tax	4 307 000	−1 932 000	0	0
Net Income	15 271 000	1 407 000	−2 300 000	−4 484 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	3 138 000	1 237 000	1 268 000
Total Current Assets	2 879 000	133 000	824 000	1 182 000
Total Assets	2 879 000	3 271 000	2 062 000	2 450 000
Total Retained Equity	620 000	−6 530 000	−7 937 000	−4 484 000
Total Equity	672 000	2 574 000	1 167 000	1 717 000
Total Long-Term Debt	2 190 000	402 000	0	0
Total Current Debt	16 000	295 000	894 000	733 000
Total Equity and Debt	2 879 000	3 271 000	2 062 000	2 450 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	7 000	2 544 000	966 000
Other Income	21 806 000	0	0	0
Revenue	21 806 000	7 000	2 544 000	966 000
Cost of Goods Sold	0	0	6 000	41 000
Salary Costs	1 104 000	59 000	1 519 000	2 790 000
Depreciation	0	31 000	31 000	31 000
Impairment	0	0	0	0
Expenditure	2 246 000	523 000	4 840 000	5 501 000
Operating Profit	19 560 000	−517 000	−2 297 000	−4 536 000
Financial Income	38 000	10 000	71 000	62 000
Financial Costs	21 000	18 000	74 000	10 000
Financial Balance	17 000	−8 000	−3 000	52 000
Dividends	17 173 000	0	0	0
Net Income	15 271 000	1 407 000	−2 300 000	−4 484 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	3 138 000	1 207 000	1 207 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	31 000	62 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	31 000	62 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	3 138 000	1 237 000	1 268 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 870 000	106 000	806 000	1 128 000
Total Current Assets	2 879 000	133 000	824 000	1 182 000
Total Assets	2 879 000	3 271 000	2 062 000	2 450 000
Total Equity	672 000	2 574 000	1 167 000	1 717 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 190 000	402 000	0	0
Creditors	16 000	87 000	645 000	193 000
Unpaid Taxes	0	1 000	54 000	189 000
Dividends	17 173 000	0	0	0
Other Current Debt	0	207 000	195 000	350 000
Total Current Debt	16 000	295 000	894 000	733 000
Total Equity and Debt	2 879 000	3 271 000	2 062 000	2 450 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2 272,47 %	54,66 %	−197,09 %	−261,15 %
Debt-to-Equity Ratio	3,26	0,16	0	0
Operating Profit Margin	89,7 %	−7 385,71 %	−90,29 %	−469,57 %
Current Ratio	179,94	0,45	0,92	1,61
Quick Ratio	179,94	0,45	0,92	1,61
Equity Ratio	0,23	0,79	0,57	0,7
Gross Profit Margin	100 %	100 %	99,76 %	95,76 %