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's activity report 2022

In 2022, Lääne Teed OÜ (registration code 10879306) was mainly engaged in road construction, repair and maintenance. In 2022, we won and signed the next period Pärnu County state roads maintenance contract with the Transport Administration. The contract period lasts until 2028. The current contract ends in the fall of 2023. Sales revenue increased by 24.55 percent in 2022 compared to 2021. Approximately 60% of sales revenue came from road construction projects and about 40% from maintenance contracts. The largest customers were local municipalities, the Transport Administration and Estonian Railways. A total of 9.64 million euros worth of work was done. In addition, there were other revenues of 25.7 thousand euros. No investments were made in fixed assets in 2022.

No major investments are planned for 2023.

In 2022, a total of 46494 euros was paid to the member of the board of Lääne Teed OÜ. In 2022, Lääne Teed OÜ had an average of 32 employees who were paid a total of 811512 euros.

The Russian aggression against Ukraine that began in the spring of 2022 has affected the entire economy.

Material prices rose quickly, there were occasional problems with deliveries. High inflation.

In 2022, there was a global economic crisis, causing disruptions and financial difficulties in business and economic activity. The situation in the economy as a whole is uncertain and rapidly changing, but nevertheless, the company's management considers it possible to assess the possible impact of the economic crisis on the company's financial indicators for the next period and the sustainability of the company as a whole when preparing the annual financial statements.

The general economic crisis has not affected our company's economic activity during the reporting year and, in the opinion of the management, this crisis will not have a significant impact on the economic activity of the next period. In the opinion of the management, there is no uncertainty about the continuity of the company's operations and economic activity and the company is sustainable.

Main financial ratios: 2022 2021

Profitability 4.58% Profitability 6.43%

Return on equity 16.49% Return on equity 22.24%

Turnover growth compared to 24.55% Turnover growth compared to -0.15% 2021 2020

Liquidity ratio 2.76 Liquidity ratio 3.04

Short-term debt ratio 3.56 Short-term debt ratio 4.03

Return on assets 12% Return on assets 17%