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's activity report 2022

Main activities of the company and their results

The activities of the company OÜ GEOSERVICE during the financial year ended 31.12.2022 included goods transport and forwarding services on railway shipments, as well as the execution of multimodal container shipments and the sale of liquefied gas, crude oil and petroleum products.

OÜ GEOSERVICE's sales revenue for 2022 amounted to 39,069,420 euros.

Key investments during the reporting period and the company's investment plans

Previously (in 2015), real estate (residential space) was acquired according to an investment contract with a term of 5 years. Payments for this contract were made in full. This property is rented out by the company.

No other investments were made during the reporting period.

Company staff, wage costs, payments to the board

4 people worked at OÜ GEOSERVICE in 2022, whose wages (including holiday pay) amounted to 88,771 euros in 2022.

The board of OÜ GEOSERVICE consists of two members. Both board members have fulfilled their duties, receiving remuneration for this.

In 2021, it was decided to pay dividends for the 2020 financial year of 108,000 euros.

Key events of the reporting year

In 2022, the company started a new activity, namely the sale of liquefied gas and petroleum products.

In 2022, OÜ GEOSERVICE expanded its range of services in the transport business. While previously the company mainly provided railway shipment organization services and related services (organization of cargo transshipment, cargo forwarding/tracking on the route, acceptance of goods based on quality and quantity), in 2022 the company increased the volume of multimodal container shipments.

The company also entered into a railway rolling stock lease agreement with an Estonian owner in 2022.

The company's activities are financed by its own working capital, without involving bank loans.

General description of the macroeconomic environment of the company's field of activity and its impact on the company's activities

The general economic situation that has arisen in the market has made it possible to involve additional volumes of liquefied gas and petroleum products. An important factor is the existence of direct contracts with railway administrations and the possibility of offering competitive rates by employers.

Risk of changes in exchange rates and interest rates in 2022, as well as in the period from 31.12.2022 until the date of preparation of this annual report

All loan and lease agreements are concluded on fixed bank interest rate terms, therefore changes in EURIBOR do not affect the company's activities.

Settlements with clients and service providers were made in US dollars and euros, therefore a currency difference has occurred.

Main financial ratios of the company 2022.a 2021.a

Net sales growth rate 66.86% negative

Overall profitability (profitability coefficient) / net profit share in net sales 0.31% 2.29%

Short-term liabilities coverage ratio 1.27 1.19

Return on equity (ROE) 5.52% 25.77%

CATR 5.04 4.52

TATR 4.71 3.64

FATR 71.28 18.76