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's activity report 2022

The Estonian Trawl Fishing Cooperative was established in 2005. During the reporting year, the company focused on the wholesale of raw fish in Estonia. The company owns a 33% stake in the Port Management Non-Profit Association and the Estonian Fish Producers' Cooperative. The cooperative operates in accordance with the laws of the Republic of Estonia and Europe

Union. The result of the economic activity of the Estonian Trawl Fishing Cooperative in 2022 was a profit of 804 thousand euros.

Key financial indicators: 2022 2021 Change

Sales revenue in thousand € 4842 3279 47.66%

Liquidity ratio: 0.51 1.14 -55.26%

Current assets-inventory/Short-term debt

Coverage ratio of short-term liabilities: 0.51 1.14 -55.26%

Current assets/Short-term debt

No significant research and development projects and related expenditures were made during the reporting year.

In 2021, the company entered into a 10-year building rights agreement starting in 2022, with the obligation to design and build a building that can be used as a production building within a reasonable time. In 2022, investments were made for design, start of construction and purchase of equipment in the amount of 1123418 euros, support was received from PRIA in the amount of 548184 euros. In 2023, investments are planned in the amount of 300000 euros. The company's business is seasonal as there is no fishing in the summer months. No significant environmental and social impacts associated with the activity have been observed. Changes in exchange rates did not affect the company's operations as transactions were made in euros. The company has issued a guarantee for the subsidiary's bank loan in the amount of 600000 euros. On 24.02.2022, military operations began in Ukraine. The ETÜC has no business ties with countries affected by sanctions and the ETÜC continues to operate.