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's activity report 2022

Restaurant Armudu Oü was established in 2014. The main activity of the company is catering. The management of Restaurant Armudu Oü has prepared the annual financial report in accordance with the Commercial Code, which accurately and fairly reflects the company's assets, liabilities, and equity, as well as the results of its economic activities.

Restaurant Armudu OÜ is a chain of Azerbaijani restaurants which consisted of five restaurants in 2022. In 2023, another restaurant was opened and further expansion is planned.

During the preparation of the annual financial report, no significant events occurred that are not reflected in the annual financial report, but which significantly affect or may affect the results of the following financial years.

The sales revenue for 2022 was 4,980,679 euros

The plan for the next financial year is to continue the main activity.

Ratios: 2022 2021

Sales revenue (Euro) 4980679.00 3587052.00

Turnover growth (%) 38.85 44.21

Operating profit margin (%) 7.2 7.8

Net profit/(-) loss (EUR) 336271 257568.00

Profit growth (%) 30.56 220.86

Net profitability (%) 6.75 7.18

Short-term liabilities coverage ratio 1.14 2.02

ROA (%) 33.39 37.72

ROE (%) 48.45 56.26

Formulas used in calculating ratios:

Turnover 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

Assets= liabilities+equity

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

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

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