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's activity report 2022

AS Vallikraavi Real Estate (parent company) main activity in 2022 was the provision of real estate activities. Our goal is to offer clients various real estate solutions and ensure valuable longevity for real estate.

Summary of the reporting year 2022, the war between Ukraine and Russia made buyers slightly cautious, but the reporting year showed that the market has continued to move in an upward direction and the apartment market has been active mainly in the new development sector. There was a decline in buyer activity at the end of the year.

In the reporting year, the construction of the Siili 3 apartment building in Tartu was completed and sales were started. By the end of the year, 100% of the apartments had been sold (there are a total of 60 apartments in the building).

In Tallinn, the construction of Sinimäe 1 was completed and sales were started. The building has 48 apartments.

A renovation project was prepared for the building at Staadioni tn 83 in Tartu.

In Tartu, the construction and pre-sale of the Siili 1 and Rebase 17 apartment buildings were started. There are 50 apartments in the Siili 1 building and 100 apartments in Rebase 17.

In Tartu, planning for the development of the Raatuse quarter was started. An architectural competition was organized.

A building permit was issued for the Raudsilla 1 apartment building in Narva. Construction will begin in 2023.

Environment "Green" thinking in the choice of technologies and solutions ensures the prevention of pollution and a livable environment for future generations. We follow the current environmental management system standards and laws in our development activities, using certified contract partners accordingly.

AS Vallikraavi Real Estate Group included in 2022:

Subsidiaries: ITP Development Project OÜ, participation 100%; Turu Ärimaja OÜ, participation 10%; Masterlan OÜ, participation 100%.

In the reporting year, a 100% stake in 123 Real Estate Management OÜ was acquired.

Associated companies: Baltlink-Valduse AS, participation 50%; Tomladen OÜ, participation 26.67%; Ülemiste Ärimaja OÜ, participation 30%; Krause Real Estate OÜ, participation 50%; Loopealse Elamu OÜ, participation 33.33%; New Development OÜ, participation 28.13%; School Development OÜ, participation 20%; Quintet Real Estate OÜ, participation 50%; Tallinn Olympic Sailing Center AS, participation 33.33%.

In the reporting year, a 25% stake in Staadioni Development OÜ was acquired.

The main areas of activity for subsidiaries and associated companies are real estate development and management.

Group ratios:

Indicator Calculation Method 2022 2021 ----------------------------------------------------------------------------------------------------------------------------------------------------

Return on Assets (ROA) Profit before taxation / assets 0.11 0.05

Return on Equity (ROE) Profit before taxation / equity 0.14 0.06

Net profit margin Net profit / sales revenue 1.22 0.27

Short-term liabilities coverage ratio Current assets / short-term liabilities 4.86 3.04

Parent company and group profit

The parent company AS Vallikraavi Real Estate ended 2022 with a net profit of 1,695,030 euros, the group's net profit was 8,860,757 euros.

Board and council fees, total employee remuneration and average number of employees in the reporting year 2022, the group employed an average of 9 employees. During the reporting year, a total of 359,619 euros in remuneration was paid to employees in the group (including taxes 481,151 euros). The parent company's board was paid 74,833 in fees during the reporting year (including taxes 100,127 euros).