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's activity report 2022

The main activity of the company is the purchase and sale of forest land and agricultural land, we also buy timber and growing forest. We also deal with planting tree seedlings on our properties. We also rent agricultural land. The main place of operation is Jõgeva County: Torma and Saare municipality, as well as Avinurme and Ida-Virumaa.

No research and development expenditures were made during the reporting year.

Revenues, expenses and profit

Sales revenue in 2022 was 14,112,894 euros. Other business income was 272,481 euros. Operating profit was 4,396,804 euros.

Investments

During the reporting period, land with growing forest was acquired for 5,869,267 euros and agricultural land for 614,797 euros.

Personnel In 2022, salaries were calculated at 82,574 euros, to which social tax was added for 28,866 euros. The average number of employees was 3. The board has one member and no remuneration was paid to the members of the board and the council.

Goals for the next fiscal year

In the future, the aim is to acquire more agricultural land and increase agricultural production.

Main financial ratios 2022 2021

Sales revenue 14,112,894 9,685,711

Net profitability 31.01% 29.08%

Coverage ratio of short-term obligations 0.66 1.11

ROA (%) 15.90% 12.28%

ROE (%) 19.43% 15.52%

Formulas used in calculating ratios:

Net profitability = net profit / sales revenue x 100

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

ROA = net profit / assets x 100

ROE = net profit / equity x 100