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's activity report 2022

The main activity of Kagu Elekter OÜ is the construction of electricity distribution networks, branch lines and the buildings and structures associated with these systems. In addition, the company offers equipment rental and excavation services. The objects are located all over Estonia.

The company was established on 13.04.2009, there were four equal founders of the company. The board has three members in the reporting year.

The company is qualified as a cooperation partner of Elektrilevi OÜ.

The sales revenue for 2022 was 9,716,041.00 euros (7,659,852.00 euros in 2021). The increase in sales revenue was mainly due to the increase in the prices of materials and inputs, but also to a larger sales volume. In 2023, the company plans to maintain the sales volume.

The company uses capital lease for equipment park renewal. During the reporting year, the main assets acquired were machines and equipment, the most important of which was the acquisition of a new Vermeer D20 drilling machine to facilitate horizontal drilling and increase capacity. The company is constantly renewing its car park to reduce environmental impacts. In 2023, a prepayment was made for the acquisition of three new vans and a new Mercedes-Benz Atego lift was acquired. Welding and blowing equipment have been purchased to enable communication work.

All apartments were completed in the reporting year from the apartments purchased in 2020, of which 12 apartments were sold as of 31.12.2022. The company offers accommodation services and long-term rental in rental apartments as an additional activity.

The company does not plan any significant research and development projects and related expenditures.

The risk of changes in exchange rates is insignificant for the company's operations, as the majority of the company's transactions are carried out in euros. The risk of changes in interest rates is of little importance to the company.

The operating environment affects the company's operations, as relatively little construction is carried out in this region and therefore the work schedule in the immediate vicinity is sporadic. The construction industry is more active from April to November, there is more construction activity, winter is a quieter time. In addition, there is a lack of professionally trained workforce in the region. The company's goal is to motivate and retain existing employees to ensure the retention of qualified workforce in the company.

The impact of the war in Ukraine in 2022 was less than predicted and by now both the availability of materials and prices have stabilized.

The company's goal is to keep the environment clean, avoid negative environmental impacts and environmental risks. Kagu Elekter OÜ uses environmental management systems (ISO 14001:2015) and quality management systems (ISO 9001:2015).

Main financial ratios

Financial ratio Calculation methodology 2022 2021 (Profit 2022 –

Profit

Profit growth 61% -50% 2021):Profit 2021*100%

Current assets:Short-term

Solvency ratio 2.16 1.84 liabilities

Total assets Sales revenue:Assets 1.74 1.57 turnover ratio (average)

Debt ratio Liabilities:Assets 0.33 0.33

Business profitability Business profit:Sales revenue*100% 11% 10%

Net profitability Net profit:Sales revenue*100% 10% 8%

Equity

Net profit:Equity net profitability 26% 18% (average)*100% (ROE)

Assets

Net profit:Assets net profitability 17.6% 13% (average)*100% (ROA)