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's activity report 2022

The main activity of Abja Consumers' Cooperative is retail and catering. The area of activity is Mulgi municipality and

Karksi-Nuia, Abja-Paluoja and Mõisaküla town. The cooperative owns 9 stores (2 industrial goods stores, 7 food stores), a packaging point, and a canteen and restaurant.

In 2022, the sales revenue of Abja Consumers' Cooperative was 11,865,680 euros, which is 6.61% higher than in 2021. 98.91% of the sales revenue was made up of trade revenue and 1.09% of catering revenue.

The profit for the reporting year was 238,521 euros, budgeted 218,019 euros.

Main financial ratios 2022 2021

Sales revenue 11,865,680 11,129,855

Revenue growth 6.61% 7.75%

Net profit 238,521 443,223

Profit growth -46.18% 38.20%

Net profitability 2.01% 3.98%

Short-term liabilities coverage ratio 3.39 3.51

ROA 6.06% 11.96%

ROE 7.22% 14.47%

Formulas used in calculating ratios:

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

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

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

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

ROA (%) = net profit/ total assets * 100

ROE (%) = net profit/ total equity * 100 In 2022, we made investments of 130,384 euros, including: *Abja Building Materials - store roof (SBS cover) 22,044 euros; *Abja Konsum - refrigeration equipment 60,558 euros; *Halliste canteen - basement improvement works 11,155 euros; *Transport - Peugeot Partner 19,963 euros.

In 2022, we acquired bonds and shares as long-term financial investments:

COOP BANK 5.5% 31.03.2031 bonds in the amount of 106,848 euros ;

COOP BANK 5% 10.03.2032 bonds in the amount of 71,000 euros ;

COOP BANK shares in the amount of 100,000 euros.

The main activity of the cooperative does not involve significant environmental and social impacts.

Abja Consumers' Cooperative does not have bank loans, transactions with customers and suppliers are in euros. Therefore, there are no risks associated with changes in exchange rates and interest rates during the financial year or the reporting period.

By the end of 2022, Abja Consumers' Cooperative had 90 employees and the total labor cost including taxes was 1,557,753 euros, including board and council fees 83,468 euros. The cooperative has a 3-member council and a 1-member board. The average gross salary for persons working under an employment contract in 2022 was 1,114 euros, which compared to 2021 (1,027 euros) increased by 8.47%.

At the end of the year, the cooperative had 1173 members.

For 2023, we have planned sales revenue of 12,522,000 euros and a profit of 180,600 euros.

In 2023, the following investments in fixed assets are planned: *Updating heating systems in stores; *Computers and handheld terminals for stores; *Office interior renovation; *Updating sales counters and shelves in stores.

Laili Lamp

Board member