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's activity report 2022

OÜ Rannu Seeme, a company established in 1993, has carved a niche for itself in the agricultural sector, specifically in seed cultivation. The company's primary activities, registered in the Plant Health Register, include field recognition, seed sampling, and packaging, which also involves label printing. The company's focus is predominantly on seed cultivation, with a preference for cereal and grass species bred in Estonia. In 2022, the company recognized 696 hectares of seed fields. The company's 2022 cultivation and sales included certified seeds of various types such as PEDJA ryegrass, AIVA buckwheat, JULIE winter wheat, KWS SPENCER and EUCLIDE, KWS IRINA barley, LEGATO winter rapeseed, AVANTGARDE, INGRID and BAGOO peas, ARMANI and AVENUE oats, OLIVER naked oats, and BONO hybrid rye. In addition to these, the company also cultivates seeds of crops that are less common in Estonia. OÜ Rannu Seeme is committed to sustainable and efficient production, ensuring high-quality products. The production process is traceable and based on the BRC standard. The company operates in an environmentally friendly manner on all its fields, adhering to the requirements set by the European Union. These include the establishment of ecological areas and bee foraging areas, the preservation of permanent grasslands, efficient use of resources, and the cultivation of cover crops. The company has joined the eAgronom carbon program to implement sustainability principles and reduce the carbon share in the atmosphere. In 2023, the company plans to continue in the same direction, focusing on technology enhancement and cost reduction. Self-improvement in cooperation with consultants is also a significant focus. In 2022, the company cultivated a total of 1,650 hectares of land and increased the importance of owned lands. In 2023, the company plans to pay more attention to land improvement, including the renovation of old land improvement systems. The company's sales turnover increased by 10% in 2022 compared to the previous year. In 2023, the company hopes to continue this trend of increasing sales turnover. Negotiations with current and future business partners have been successful, and the company looks forward to pleasant cooperation in 2023 as well. In 2023, the company plans to start implementing the principles of the ESG standard. ESG is a collection of a company's environmental, social, and governance standards that help create long-term value. It is a management concept that manages the impact of the company and its activities (including products, services) on the environment, people, and the economy. It represents responsibility, risks, mindset, and growth opportunities. ESG helps the company become more sustainable and create new opportunities in a changing market environment. In 2022, the company had an average of 19 employees. The total salary amount was 412,690 euros. The remuneration paid to the members of the board in the financial year was 54,242 euros. No other benefits were provided to the board members, and no compensation is paid in case of termination of the contract with them. No guarantees or contingent liabilities were issued. The main financial ratios of OÜ Rannu Seeme in 2022 and 2021 were as follows: Short-term debt coverage ratio: 2.06 in 2022 and 3.2 in 2021. Solvency ratio: 0.51 in 2022 and 0.82 in 2021. Debt ratio: 0.89 in 2022 and 0.39 in 2021. Net profitability in percentages: 48.3 in 2022 and 4.6 in 2021. Cash ratio: 0.22 in 2022 and 0.44 in 2021. The methodology for calculating the ratios is as follows: Short-term debt coverage ratio = current assets / short-term liabilities; Liquidity ratio = current assets – inventories / short-term liabilities; Debt ratio = (short-term liabilities + long-term liabilities) / equity.