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's activity report 2022

In 2022, the economic activity was characterized by the stabilization of the volume of realization. Attention was primarily paid to securing business operations in current markets. The main activity of Bally's Estonia OÜ is programming (62011). In 2022, the sales revenue amounted to 9,376,032 euros, of which export was 100% (6,932,900 euros in 2021, of which export was 100%). The company's profit was 290,769 euros (173,767 euros in 2021).

With the growth of the company, 60 employees joined and 45 left with a contract.

The total wage costs were 5,657,652 euros (4,099,557 euros in 2021). The board members were paid 246,606 euros (227,381 euros in 2021).

In terms of investments, fixed assets worth 230,113 euros were acquired in 2022 (387,012 euros in 2021).

There were no significant research and development projects and related expenditures in the reporting year and are not planned for the following years.

There are no significant environmental and social impacts associated with the entrepreneur's activities.

In its daily activities, the entrepreneur encounters various risks, the management of which is an important and integral part of the entrepreneur's business activities.

The entrepreneur's ability to identify, measure and control various risks is an important input for profitability. Risk is defined by management as a possible negative deviation from the expected financial result. The main risk factors are market risk (including currency risk, price risk and interest risk), credit risk, liquidity risk and operational risk, and capital risk. The basis for the entrepreneur's risk management is the Nasdaq Tallinn Stock Exchange,

requirements set by the Financial Supervision Authority and other regulatory bodies, adherence to generally accepted accounting standards and good practice, and the entrepreneur's internal regulations and risk policies. Risk management at the general level includes identifying, measuring and controlling risks.

Taking into account business and financial environment forecasts for the next year, the company's main objectives are to maintain market share, strengthen its position and expand its operations.

Main financial ratios for the financial year and the previous financial year and their calculation methodology: 2022 2021

Sales revenue growth 35.24% 43.17%

Operating profit margin 3.10% 2.51%

Profit growth (decrease) 67.32% -19.96%

Net profitability 3.10% 2.51%

Short-term liabilities coverage ratio 2.19 times 1.81 times

ROA 11.67% 7.30%

ROE 18.76% 13.80%

Formulas used in calculating ratios:

Sales revenue growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021*100

Operating profit margin (%) = operating profit/sales revenue *100

Profit growth (%) = (net profit 2022 - net profit 2021)/net profit 2021*100

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

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

ROA (%) = net profit/ total assets *100

ROE (%) = net profit / total equity *100