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's activity report 2022

AS Ottender & Valgmäe is a joint-stock company based on 100% private capital. The company's main activity is the retail and wholesale trade of electrical household appliances in Estonia. The main goods are imported directly from manufacturers. The main partners are located in Turkey, Poland, and Latvia.

The company has six stores "Home Appliances", which are located in Tallinn, Tartu, Pärnu, Haapsalu, Narva, and Rakvere.

In 2022, AS Ottender & Valgmäe's sales revenue was 9.32 million euros. 97.72% of the sales revenue was from goods and 2.28% from services. Retail sales grew by 1.37% over the year and wholesale sales decreased by 13.01%.

The balance sheet as of 31.12.2022 is 5,850,812 euros. Compared to the previous reporting period, the balance sheet increased by 724.3 thousand euros. The net profit for the 2022 financial year is 529,751 euros.

Main financial ratios 2022 2021 net profit margin 0.0568 0.0571 ( net profit/sales revenue ) operating profit margin 0.0568 0.0570 ( operating profit/sales revenue ) return on equity per year 0.1449 0.1707 ( net profit/average equity for the period ) short-term liabilities coverage ratio 3.00 2.91 ( current assets/short-term liabilities ) equity ratio 0.67 0.66 ( equity/total assets )

No investments were made during the reporting year and no significant investments are planned for the coming years.

The priorities for the future are to maintain the company's market share and continue cooperation with existing suppliers. More attention is planned to be paid to the development of e-commerce. The brands to be purchased remain the same as in previous periods. The company does not plan any significant research and development activities for 2023.

The war in Ukraine began on 24.02.2022, which has had a widespread impact on the entire European economy.

There have been significant price increases in both material and fuel prices and changes in global supply chains, which also affect the operations of AS Ottender & Valgmäe. It is difficult to assess the extent of the impact on the company's operations at the time of preparing the report.

According to applicable laws, the company, as an importer of consumer electronics, is obliged to deal with waste management and packaging waste collection. For this purpose, the company has joined the MTÜ Electrical and Electronic Equipment Recycling Association. To comply with the requirements of the Packaging Act, a contract has been concluded with MTÜ Estonian Packaging Recycling, to whom all obligations related to packaging waste collection, recycling, and related reporting have been given.

The currency risk to the company's cash flows is minimal, as 96.9% of imports are in euros. The company has no outstanding loan agreements and therefore changes in interest rates do not affect the company's financial results.

The board of AS Ottender & Valgmäe consists of 1 member and the council consists of 3 members.

The salary and holiday pay calculated for the CEO in 2022 was 19,810 euros. The council members do not receive a salary.