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's activity report 2022

Throughout the fiscal year, the board of OÜ HKM Majad successfully fulfilled its functions as stipulated in the Commercial Code and defined in the articles of association. This achievement is a testament to the board's commitment to adhering to the highest standards of corporate governance and ensuring the smooth operation of the company.

In 2022, the primary business activity of OÜ HKM Majad was the construction of residential and non-residential buildings. This focus aligns with the company's long-standing expertise in the construction sector and its commitment to contributing to the development of the built environment in Estonia. The sales activity was primarily directed towards the Estonian market, reflecting the company's deep understanding of local market dynamics and its strategic focus on serving the needs of its home market.

During the fiscal year, the company made significant investments in fixed assets, amounting to €91,861.00. This represents a substantial increase from the previous year's investment of €56,209.00, demonstrating the company's commitment to continuous growth and development. These investments are a crucial part of the company's strategy to enhance its operational efficiency and ensure the delivery of high-quality construction services.

Looking ahead to the next fiscal year 2022, OÜ HKM Majad plans to continue operating in the same business sector. The company forecasts a growth in turnover of approximately 10%, reflecting its optimistic outlook for the future and its confidence in its ability to navigate the market dynamics. This growth projection is based on the company's robust business strategy and its commitment to delivering value to its customers.

In 2022, no remuneration or benefits were paid to the board member. This decision aligns with the company's commitment to prudent financial management and its focus on reinvesting its resources to support its growth and development.

During the period of preparing the annual report, the director did not identify any events that would have a significant impact on the company's financial position and economic results, and which would need to be disclosed in this report according to the principle of materiality. This assessment reflects the director's thorough understanding of the company's operations and his commitment to maintaining transparency in the company's financial reporting.