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's activity report 2022

ACTIVITY REPORT

Main areas of activity, product and service groups of Kavial Ltd

Kavial Ltd (hereinafter the company) was engaged in the wholesale and retail of bearings and related goods in the financial year ended 31.12.2022. In 2022, the company's sales revenue amounted to 6666893 euros, which was 40% more than the previous year. The company's largest markets outside Estonia in 2022 were Germany

Significant investments made during the reporting year and planned for the near future In 2022, the range of goods offered by the company increased. Therefore, the most significant investments of the reporting year were made to increase the range of goods offered. The company plans to continue investing in expanding the range of goods offered in the near future.

The company's activities are financed from its own resources. In the near future, the activity is also planned to be financed from own resources.

General macroeconomic development of the company's operating environment and its impact on financial results

A stable position in the market is continuously facilitated by the wider spread of new goods among businesses and their constant market entry

Seasonality of business and cyclical nature of economic activity. Significant environmental and social impacts associated with the activity.

The company's activities are not seasonal or related to economic cycles.

Environmental factors do not have a significant impact on the company's activities. The general economic situation affects the activity.

The company's activities do not have significant environmental and social impacts.

Risks associated with changes in exchange rates, interest rates and stock prices during the financial year and the period of preparation of the report

A certain part of the goods purchased for sale were purchased in US dollars. Therefore, changes in the US dollar and Euro exchange rates affect the company's financial results in 2022 to some extent. From the beginning of 2022 until the preparation of this annual report, changes in the exchange rate have not had a negative impact on the company's activities.

Main financial ratios for the financial year and the previous financial year and their calculation methodology 2022 year 2021 year

Sales revenue growth 40.00% 20.78%

Net profit growth / decline 87.70% 31.55%

Net profitability 18.40% 13.7%

Short-term liabilities coverage ratio 9.55 10.36

ROE 21.78% 14.1%

Methodology for calculating the financial ratios provided:

Sales revenue growth = (2022 sales revenue - 2021 sales revenue) / 2021 sales revenue * 100

Net profit growth = (2022 net profit - 2021 net profit) / 2021 net profit * 100

Net profitability = net profit / sales revenue * 100

Short-term liabilities coverage ratio = current assets / short-term liabilities

ROE = net profit / equity * 100

Future plans In 2023, the company plans to continue expanding the range of goods offered, as a result of which it hopes to achieve up to a 10% increase in sales revenue.