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's activity report 2022

This report provides a comprehensive overview of the financial year spanning from January 1, 2022, to December 31, 2022. During this fiscal year, the company was primarily engaged in agricultural activities and also rented out its holiday home located in Koseveski, Saare Parish. The company managed the Koseveski holiday complex in 2022, which has a total area of 600 square meters and can accommodate up to 24 people for overnight stays. The complex is under the notarial use of OÜ Falaris, which is a testament to the trust and reliability of the company's operations. The main crops cultivated during this period were wheat and rapeseed, which are staple crops in many parts of the world. These crops are not only essential for human consumption but also play a significant role in the agricultural economy. The cultivation of these crops indicates the company's commitment to contributing to the agricultural sector and ensuring food security. Looking ahead to 2023, the company plans to continue its operations in the same fields. This suggests a strategic focus on strengthening its core competencies and building on its existing operations. The board of the limited company consists of two members. This structure allows for efficient decision-making and ensures that the company's strategic direction is guided by a team of experienced professionals. Interestingly, the board members' activities were not remunerated in 2022. Furthermore, the company did not have any employees during the year. This could be indicative of a lean operational model, where the company relies on automation or contractual work to carry out its activities. The financial performance of the company in 2022 shows a gross profit margin of 12%, a significant improvement from the -30% recorded in 2021. This positive turnaround indicates a successful year for the company, with increased sales and improved cost management. The short-term obligation coverage ratio, calculated as current assets divided by short-term liabilities, was 3.25, up from 2.60 in the previous year. This improvement suggests that the company is in a better position to meet its short-term obligations using its current assets. The Return on Assets (ROA) for 2022 was 9%, a significant improvement from the -15% recorded in 2021. Similarly, the Return on Equity (ROE) was 9%, up from -16% in the previous year. These positive figures indicate that the company has been successful in generating profits from its assets and equity, reflecting a strong financial performance in 2022.