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's activity report 2022

Tartu Turg AS is located in the city center and consists of two market trade rental units, one of which is the historic Market Building and the other is the Open Market, which also includes the Market Hall. The main activities of Tartu Turg AS are organizing market trade, providing paid market services, renting out commercial inventory, and renting out premises.

According to EMTAK, the activity is leasing and operating of own or leased real estate (code 68201).

As a result of the economic activity of AS Tartu Turg, the sales revenue for 2022 was 939,386 euros. The profit for the reporting year was 36,475 euros.

The Market Building is the business card of Estonian food in Tartu. The market is and remains an important part of the urban environment. Tartu Turg stands out from its competitors, who are other shopping centers, by concentrating as directly as possible the goods offered from producer to consumer - mainly food and consumer goods.

The business activity of the Market Building is stable throughout the year, but the activity slows down in the summer months of July and August, when there are fewer people in Tartu and some traders take a vacation during this period.

The activity of the Open Market is more seasonal and the active trading period on the open market lasts from April to October. Turnover differences in high and low season can be 4-5 times. Risks associated with seasonal income differences are mitigated by detailed budgeting and cash flow planning on a monthly basis.

Tartu Turg AS is a private legal entity, the purpose of which is to make a profit from business activities. However, it is an important company for the city of Tartu and all of Southern Estonia, in which there is heightened public interest. As a result, Tartu Turg is an open organization and constantly discloses its activities and communicates with society. Tartu Turg constantly analyzes its own and its partners' environmental impacts and makes changes accordingly to continuously reduce environmental impacts. The main factors are energy consumption and waste generation. There are no significant emissions into the air or water or noise from the company or partners. In terms of waste, the company has invested in a controlled waste reception and sorting system (including a reusable packaging collection system).

There are no significant risks associated with changes in exchange rates, interest rates and stock market costs during the financial year and the reporting period.

A ratio analysis has been prepared: 2022 2021

Short-term debt coverage ratio = current assets / short-term 1.188 0.155 liabilities

Liquidity ratio = liquid assets / short-term 1.188 0.155 liabilities

Cash ratio = cash and 1.060 0.141 securities / short-term liabilities

Debt ratio 0.621 0.627 = total liabilities / total assets

Fixed asset turnover ratio = sales revenue / fixed asset 0.388 0.314 residual value

Total asset turnover ratio 0.342 0.283 = sales revenue / assets

Capitalization level = long-term 0.578 0 liabilities / (long-term liabilities + equity)

Operating profit margin 0.038 0.131 = net profit / sales revenue