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's activity report 2022

Arco Tarc OÜ was established on January 6, 2022. Arco Tarc OÜ is a 100% subsidiary of the Arco Vara group, providing in-group construction services with a fixed profit margin.

Arco Tarc OÜ started the construction of the Rannakalda development in February 2022 at Lammi 8, Merimetsas. The construction includes a pavilion, 4 service areas, and 108 apartments (as three separate above-ground parts), many of which have sea views. The apartment building will be completed at the end of 2023. As of the date of publication of the annual report, 46 out of 113 surfaces have been pre-sold.

Arco Tarc OÜ's sales revenue for 2022 was 8,363,793 euros and profit 404,008 euros. As of 31.12.2022, the company employed 6 people.

KEY FINANCIAL RATIOS 06.01.2022-31.12.2022

Short-term debt coverage ratio (current assets / short-term liabilities) 1.74

Liquidity ratio ((current assets - inventories - prepayments) / short-term liabilities) 1.45

Payment readiness ratio (cash / short-term liabilities) 0.35

Short-term debt turnover ratio (sales revenue / average accounts receivable) 4.51

Net profitability of sales revenue (net profit / sales revenue) % 5

Return on total assets(ROA) (net profit / average total assets) % 14

Return on equity (ROE) (net profit / average equity) % 99

Solvency ratio or equity ratio (equity/total assets) 14

As a strategic action, we need to ensure needs-based and dynamic development, based on the needs of the company and the parent company. Currently, resources cover our needs.

The company's greatest strengths are the high qualification, commitment and involvement of employees, as well as the support of the parent company.

Arco Tarc OÜ finances its activities through a working capital loan received from the parent company. The loan has a fixed interest rate, so it can be said that the risk of Euribor increase in terms of interest expense is hedged in the company.

We see general uncertainty in the economic environment and low activity in the real estate market as external threats.

The disruption of supply chains and the deficit of construction materials caused by the war in Ukraine was also a risk. However, no serious problems or stoppages were experienced during the construction.

Lauri Männiste

CEO