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's activity report 2022

Hileya OÜ started operations in 2018. The company's main activity is the provision of freight forwarding services.

In 2022, the company earned sales revenue of 7,194,447 euros and a net profit of 235,596 euros. The main goal for the next fiscal year is to maintain sufficient revenues for the effective operation of the company, to compete in the market and to earn income for its owners. In 2023, the plan is to move its operations to new geographical areas, as the war in Ukraine negatively affects operations in this region. This may require additional investments to find new clients and establish new business relationships.

Main financial indicators 2022 2021

Coverage ratio of short-term liabilities (times) 1.89 2.13

Sales revenue growth / decrease (%) 14.92% 50.03%

ROA (%) 7.89% 13.82%

ROE (%) 16.78% 26.11%

Formulas used in the calculation of ratios: (cid:127) Coverage ratio of short-term liabilities (times) = current assets / short-term liabilities (cid:127) Sales revenue growth (%) = (sales revenue 2022-sales revenue 2021) / sales revenue 2021 * 100 (cid:127) ROA (%) = net profit / total assets * 100 (cid:127) ROE (%) = net profit / total equity * 100

The board has 2 members. No bonus or board member fee was paid in 2022. As of December 2022, there were no employees.

Events during the preparation period of the annual accounting report that significantly affect or may affect the results of the following fiscal years The war that broke out in Ukraine in 2022 affected and continues to affect the company's operations, as most of the business partners are companies operating in Ukraine.

The economic results of 2023 and subsequent years may be affected by high inflation, disruption of supply chains, epidemic, and the consequences of reduced demand due to sanctions and global economic downturn.

Objectives and principles for hedging financial risks of financial instruments and risks that emerged during the fiscal year and the preparation period of the report

Liquidity risk: The company has sufficient current assets, so there is no risk that the company will not be able to pay its short-term liabilities.

Market risk: The freight forwarding services market can be volatile, where prices and demand can change quickly. If the company cannot price its services competitively enough or respond to market changes, this may affect its revenues and profitability. The management monitors changes in the market and responds as necessary to ensure profitability.