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's activity report 2022

OÜ ScanBalt Trucks was established on 21.08.2001 and registered in the business register on 13.09.2001.

Business operations started in July 2002. The main activity of OÜ ScanBalt Trucks is the sale of used and new trucks.

The average number of employees in 2022 was 6 people. The salary cost with accompanying taxes amounted to 163,490 euros.

The company's board was paid a salary of 22,500 euros in the reporting year.

In 2022, turnover increased by 8% compared to 2021.

We realized both the assets of leasing companies and the technology brought from Europe.

The main product groups were tractor units and dump trucks.

The months with traditionally lower turnover were February and July, and the months with higher turnover were October and November.

OÜ ScanBalt Trucks made investments in fixed assets in 2022 amounting to 514,028.00 euros.

On 18.07.22, ScanBalt Trucks OÜ was divided. The dividing entity was ScanBalt Trucks OÜ and the acquiring entity was Kroodi AB OÜ.

As a result of the division, ScanBalt Trucks gave up its real estate investments and unfinished real estate totaling 421,684.94. This amount was deducted from the undistributed profit of previous periods..

The size of the share capital of the dividing entity was not changed in the division.

In the division, the share capital of the acquiring entity was increased by 500 euros.

In 2023, we will continue active operations.

Turnover depends on fuel prices, labor and technology availability.

Main ratios for the financial year and the previous financial year 2022 2021

Turnover growth 8.45% 4.97%

Gross profit margin% 11.11% 9.29%

Profit growth 52.57% 104.38%

Net profitability 7.22% 5.13%

Short-term obligations coverage ratio 9.02 9.02

ROA 11.34% 8.12%

ROE 13.28% 9.06%

Formulas used in calculating ratios:

Turnover growth (%) = (sales revenue 2020 - sales revenue 2019) / sales revenue 2019 * 100

Gross profit margin (%) = gross profit / sales revenue * 100

Profit growth (%) = (net profit 2020 - net profit 2019) / net profit 2019 * 100

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

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

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

ROE (%) = net profit / total equity * 100