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's activity report 2022

AVAMEEL OÜ was registered on March 19, 2021 (reg. No.16188046)

The main activity of AVAMEEL OÜ is the international wholesale of office equipment, consumer goods, video games outside Estonia.

From 2021-2023 - the company did not make investments. The company is increasing working capital.

We are consistently working with current partners, the largest of which are HP, CANON, DELL,

EPSON.

The sales revenue of AVAMEEL OÜ in 2022 was 18,849,677 euros, which is 1,406% higher than last year.

The profit of AVAMEEL OÜ was 7,198,773 euros, which is 3,602% higher than last year.

The economic activity of AVAMEEL OÜ in 2022 was characterized by a sharp and significant increase in sales volume compared to the previous year, which resulted from changes in sales markets. Attention was paid primarily to securing business in current markets, the main one being Kyrgyzstan.

No tangible fixed assets were acquired during the reporting year. No research and development expenditures were made during the reporting year. No research expenditures are planned for 2023.

Our goals for 2023 are to ensure the sustainable growth of trading volumes and return on equity and to respond quickly to market changes.

The annual financial statements reflect significant events and circumstances affecting the valuation of assets and liabilities that occurred during the preparation period of the financial year (01.01.2023 to 06.2023).

No significant events occurred during the preparation period of the annual report that are not reflected in the annual financial statements.

Equity as of the balance sheet date complies with the requirements established in the Commercial Code. No transactions have been made with the company's shares during the financial year, they have not been acquired, redeemed or alienated.

The company plans to pay out dividends of 500,000 euros from the profit earned in 2022.

The number of employees of AVAMEEL OÜ in 2022 was 2 people (averaged to full-time - one) and the total amount of salaries was 29,661 euros. Payments to board members in 2022 were 26,860 euros.

The company's activity is not seasonal, the business is not cyclical and does not depend on changes in interest rates as there are no interest-bearing liabilities and claims. The company's activities are also not affected by changes in stock exchange listings on international markets, as the company does not trade in exchange goods.

A certain part of the turnover of trade is made in a currency other than the euro (for example, in US dollars).

Therefore, changes in exchange rates have a certain impact on financial results. The company does not use specific methods to hedge against currency exchange rate risks.

The general macroeconomic development of our operating environment continues to grow and financial results could be strong accordingly. There are no significant environmental and social impacts associated with the activity. At the same time, the war in Ukraine and international sanctions did not affect the company's activities in any way.

The main financial ratios characterizing the data of the financial years 2022 and 2021 of Avameel OÜ are as follows: 2022 2021

Net profit margin: 38.19% 15.54 %

Operating profit margin: 38.21 % 15.66 %