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's activity report 2022

The sole activity of AS Totalisaator is the organization of tote and the implementation of related activities. The company's sales revenue in 2022 was 22.7 million euros, which remained in the same range compared to the previous year 2021.

Overall, it was a very good financial year for the company.

Investments in 2022 amounted to 38.6 thousand euros, during which the functionality of the website environment and the mobile version of the website were improved.

The number of employees did not change in 2022. No separate remuneration was paid to the members of the Supervisory Board in 2022.

A total of 147.6 thousand was paid in salaries and 49 thousand in social taxes, of which the board member received a salary of 119.4 thousand and social taxes of 39.4 thousand.

Goals for the next financial year

Looking at the turnover of the last months of 2022, the goal for 2023 is to achieve a sales turnover of 4-6 million euros.

Risk of changes in exchange rates and interest rates

Settlement with the French tote (PMU) is in euros, so there is no exchange rate risk.

Operating environment, social impacts, seasonality.

The operating environment of the gambling company is generally stable and the public's attitude towards gambling has remained roughly the same. Despite the general negative public opinion towards gambling, the activities of AS Totalisaator can be viewed separately from other betting, as it is entertainment with historical traditions. The tote is a company that only deals with betting on harness racing and finances this field - absolutely all the earned income is directed to the development of harness racing (prize money for trotting competitions).

The second main difference compared to other gambling is that in betting, players play against each other, not against the "house" - winnings are paid out from the prize fund formed by the bets made by the players (not by the gambling organizer from its own funds).

Legislative changes in recent years have not otherwise affected the activities of the Totalisaator.

Local trotting competitions take place from spring to autumn, and therefore most of the turnover of local competitions falls into this period.

2021 2022

Short-term obligation coverage ratio 3.0 4.7

Equity amount 69% 81%

Methodology for calculating ratios:

Short-term obligation coverage ratio = current assets / short-term obligations - Equity amount (%) = equity / total assets * 100