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's activity report 2022

Renlog Eesti OÜ was established in 2010. The main activities of the company are the processing of forest material, the production of wood chips, and the cultivation of grasses. In 2023, the company will continue in the same fields of activity, but plans to invest more in the acquisition of agricultural land to increase the share of agricultural production.

In 2022, Renlog Eesti OÜ earned sales revenue of 8,763,439 euros (in 2021, 4,763,888 euros), which is 83.41% higher than in 2021.

Net profit earned in 2022 was 689,892 euros (in 2021, 132,386 euros), the increase was 421.12%.

The company employed an average of 4 people in 2022, which remained the same as the previous year.

In 2021, labor costs were 90,878 euros, but in 2022, 108,054 euros (labor costs increased by 18.90% compared to the previous year, with the same number of employees).

Period 2022 2021

Sales revenue 8,763,439 4,763,888

Sales revenue growth 83.39% 8.21%

Net profit (euros) 689,892 132,386

Change in net profit 421.12% 13.98%

Net profitability 7.9% 2.78%

Coverage ratio of short-term obligations 1.64 1.71

ROA 20.39% 5.93%

ROE 38.42% 11.97%

Asset turnover ratio 2.58 2.14

Solidity ratio 53.05% 49.57%

Formulas used in the calculation of ratios:

Sales revenue growth (%) = (sales revenue X year / sales revenue X-1 year -1) * 100

Profit growth (%) = (net profit X year / net profit X-1 year -1) * 100

Net profitability (%) = net profit/ sales revenue * 100

Coverage ratio of short-term obligations (times) = current assets/short-term obligations

ROA (%) = net profit/ total assets (end of year figure) * 100

ROE (%) = net profit/ total equity (end of year figure) * 100

Asset turnover ratio = sales revenue/assets (end of year figure)

Solidity ratio = equity/liabilities (end of year figure) * 100