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NETISTER OÜ

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NETISTER OÜ hetkeolukord

Already 287 people have seen this company's branding but they do not have any followers.In average the company has been rated 3.5 points but has not been commented.

's activity report 2022

Netister LLC was established in 2016.

The field of activity is: Intermediation of fuels, ores, metals and industrial chemicals - EMTAK code 46121 In 2022, the European economy shrank and changed after the Russian-Ukrainian war.

As Netister LLC's business was closely linked to Russia, this greatly affected the company's supply of goods from this country.

As a result, Netister LLC's turnover decreased and was 28% of total turnover compared to 2021.

Since the beginning of the war, business activities were aimed at ending business with Russia.

By the time of submission of the annual report, all business with Russia has ended. In this regard, opportunities for continuing economic activity are being sought.

The company's main commodities were bitumen, oils and were mainly oriented to Russian suppliers, so currently sourcing the same goods from the world market is complicated by finding economically suitable raw materials.

In 2022, the total turnover was 3,756,246 euros, which fell by more than a third or was 36% of the 2021 turnover.

The 2022 profit was 27,263 euros, which was 14% of the 2021 profit.

A significant part of the profit was from changes in the ruble / euro exchange rate. The value of the ruble fell cheaper in relation to the euro and the purchase price in euros was cheaper.

Due to the economic situation in the local market and restrictions on the availability of goods, local buyers were also willing to pay a slightly higher price.

Netister LLC's 2022 financial indicators:

Balance sheet total 1,425,347 euros.

Current assets 1,405,803 euros

Short-term liabilities 7,801 euros.

Long-term liabilities 1,300,263 euros.

Total equity 117,283, of which the nominal value of share capital is 2,500 euros.

Sales revenue 3,756,246 euros.

Cost of materials and services 3,771,687 euros.

Operating expenses 30,549 euros.

Labor costs 17,750 euros, of which taxes are 4,408 euros.

Interest expenses 27,263 euros

Profit from currency changes 143,304 euros.

Other financial income 1,860 euros.

Annual profit 27,263 euros.

In 2022, dividends of 80,000 euros were paid, with income tax of 20,000 euros..

In 2022, the remuneration calculated for the board member was 12,780 and the remuneration calculated on the basis of the VÕL contract was 562 euros.

Activities in 2023.

In May 2023, business with Russia was terminated. Until new markets are found or previous business activities are restored, free financial resources are placed on a term deposit. The decision was made to earn interest income on deposits to cover current expenses.

In 2023, the company is still operating.

NETISTER OÜ contacts

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