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's activity report 2022

In 2022, the main activity of OÜ ESTI Commerce was the purchase and resale of goods.

In 2017, the company invested in real estate, purchased land for the construction of commercial space, for rent and resale.

The board of OÜ ESTI Commerce consists of three members: Oleksandr Iushyn, Svitlana Iushyna, Viktor Yushyn.

In 2021, board members were paid a fee of 7,920 euros. No compensation is paid to board members upon termination of the contract with the company.

In the following 2023 fiscal year, it is planned to continue in the same areas of activity and at the same sales locations.

We are aware of the war in Ukraine and have analyzed its impact on the company's economic activity and found that it has a direct and significant impact on the company's operations. We have taken this impact into account when preparing the annual financial statements and the management report. The imposed sanctions have caused a shortage of both labor and materials in the construction markets of both Estonia and Latvia. Due to the sharp increase in energy and material prices, construction and transportation of goods will become significantly more expensive.

In 2022, the profit of OÜ ESTI Commerce amounted to 721,311 euros (in 2021, 282,949 euros).

Financial ratios 2022 2021

Sales revenue (in euros) 7,685,141 9,361,870

Sales revenue growth (%) -17.91 3.80

Net profit (in euros) 721,311 622,288

Net profit growth (%) 15.91 -19.56

Net profitability (%) 9.39 -6.65

Current assets 6,627,592 5,214,397

Short-term liabilities 1,732,534 1,597,746

Short-term liabilities coverage ratio (times) 3.83 2.90

Assets 8,117,665 6,703,873

Equity 5,827,438 5,106,127

Total asset profitability ROA (%) 8.89 9.28

Return on equity ROE (%) 12.38 12.19 nFinancial ratio formulas used in 2022:

Sales revenue growth (%) = [(sales revenue 2022 – sales revenue 2021) / sales revenue 2021] x 100

Net profit growth (%) = [(net profit 2022 – net profit 2021) / net profit 2021] x 100

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

Short-term liabilities coverage ratio (times) = current assets / short-term liabilities

Total asset profitability ROA (%) = (net profit / assets) x 100

Return on equity ROE (%) = (net profit / equity) x 100

Financial ratio formulas used in 2021:

Sales revenue growth (%) = [(sales revenue 2021 – sales revenue 2020) / sales revenue 2020] x 100

Net profit growth (%) = [(net profit 2021 – net profit 2020) / net profit 2020] x 100

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

Short-term liabilities coverage ratio (times) = current assets / short-term liabilities

Total asset profitability ROA (%) = (net profit / assets) x 100

Return on equity ROE (%) = (net profit / equity) x 100