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's activity report 2022

Multilogin Software LLC was established on 14.05.2014. The same year, the company started its operations and the main activity during the reporting period was programming.

Multilogin Software LLC provided services in the Estonian and European Union market and in other countries.

During the reporting period, sales revenue amounted to 8,199,154 euros. Sales to Estonia accounted for 0.26% of sales revenue, 12.07% to European Union countries, and 87.67% to countries outside the European Union.

The board of Multilogin Software LLC consisted of two members. During the reporting period, the board members were paid 58,048 euros. The average number of employees was 22.

Salary costs amounted to 934,293 euros.

The business activity ended with a profit of 2,296,547 euros.

The main goal for the next year is to enter new markets and secure existing ones.

No significant events occurred during the preparation of the 2022 financial year report.

Important financial ratios were: 2022 2021

Sales revenue 8,199,154 7,933,441

Turnover growth,% 3 49

Net profit 2,296,547 3,427,055

Net profitability,% 28 43

Coverage ratio of short-term liabilities 31 34 times

ROA,% 24 46

ROE,% 24 47

Formulas used in calculating ratios:

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

Net profitability = net profit/sales revenue*100

Coverage ratio of short-term liabilities = current assets/short-term liabilities

ROA = net profit/total assets*100

ROE = net profit/equity*100