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's activity report 2022

The main activity of Kilingi-Nõmme Economic Association is retail trade. Total business revenues in 2022 were 13,618,448 euros, of which sales revenue was 13,537,636 euros.

The Kilingi-Nõmme Economic Association is managed by a one-member board. The main activity of the board is aimed at increasing turnover and optimizing costs.

The average number of employees in 2022 was 93. The wage cost with taxes for the reporting year was 1,524,736 euros.

Kilingi-Nõmme Economic Association has a three-member council.

Kilingi-Nõmme Economic Association has 594 members and the share capital is 11,880 euros.

In 2022, 94,214 euros were invested in tangible fixed assets, including Kilingi-Nõmme Konsum's cash and computer systems 24,128 euros, refrigeration equipment 6,440 euros, inter-store intermediate roof 19,594 euros.

The main activity of the Kilingi-Nõmme Economic Association does not involve significant environmental and social impacts. The association does not have significant long-term bank loans, transactions with customers and suppliers are in euros. Therefore, there have been no risks associated with changes in exchange rates and interest rates during the financial year or the reporting period.

Main financial ratios 2022 2021

Sales revenue (thousand euros) 13,538 12,588

Sales revenue growth 7.55 9.18

Net profit (thousand euros) 245 441.8

Net profitability 1.8 3.5

Short-term liabilities coverage ratio 1.32 1.07

ROE 21.2 48.6

Formulas used in calculating ratios:

Net profitability (%) = net profit / sales revenue * 100

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

Short-term liabilities coverage ratio (times) = current assets / short-term liabilities

ROE (%) = net profit / equity * 100 For 2023, a sales revenue growth of 6% and a business profit of 92 thousand euros (profit decrease due to the arrival of a competitor in Kilingi-Nõmme) are planned.

Investments in fixed assets amounting to 65 thousand euros are planned for 2023, including:

Asphalting of the outdoor area of Pärnu mnt 37 for 15,000 euros.

Reconstruction of the Sauga store warehouse for 25,000 euros.