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's activity report 2022

OÜ Traffic Control's main activity in 2022 was the provision of IT services, computer system and database management, marketing consultations and market research in the IT field.

As of the end of the reporting year, OÜ Traffic Control has 2 subsidiaries in Georgia and Kazakhstan, where no activity took place.

The sales revenue for 2022 was 6,098,263 euros (5,171,330 euros in 2021) and the company made a profit of 1,747,096 euros (841,522 euros in 2021).

In 2022, the focus was largely on stabilizing operations due to the pandemic and strengthening the position and increasing revenues in existing markets. In 2023, we expect recovery from pandemic-affected markets and plan to enter two new markets as markets recover in 2023. The war in Ukraine will certainly have a big impact and we are reallocating resources.

As a development activity, the company plans to put more emphasis on the mediation of new products and to make new systems more efficient and user-friendly. A major development is also planned in the background process systems to automate many so far very subjective processes.

During the reporting year, the company had 12 employees (12 in 2021). Labor costs amounted to 607,667 euros (544,999 euros in 2021). The board was paid 51,360 euros (46,456 euros in 2021).

The company is still operating.

Main ratios

Initial data 2022 2021

Current assets 1,302,580 1,188,937

Short-term liabilities 684,730 683,398

Assets 5,268,765 3,947,596

Equity 4,078,036 2,758,198

Sales revenue 6,098,263 5,171,330

Operating profit 1,880,370 1,013,564

Net profit 1,747,096 841,522

Financial ratio Calculation methodology 2022 2021

Return on equity (ROE) Reporting year profit / Average equity 42.8% 33.3%

Return on assets (ROA) Reporting year profit / Average assets 33.2% 23.1%

Operating profitability of sales revenue Operating profit / Sales revenue 30.8% 19.6%

Net profitability of sales revenue Net profit / Sales revenue 28.7% 16.3%

Short-term debt coverage ratio Current assets / Short-term liabilities 1.91 1.74