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's activity report 2022

Introduction

The main activities of Selja OÜ are breeding of Estonian Holstein cattle, milk production and growing of grasses and cereals for cattle breeding (EMTAK code 01411).

In 2022, approximately 1,636 ha of arable land was available (in 2021, approximately 1,651 ha), of which rented land was approximately 1,203 ha (in 2021, approximately 1,218 ha) and owned land was approximately 433 ha (in 2021, approximately 433 ha).

The owners of Selja OÜ are Vooremaa Piim TÜ (99.3%) and small shareholders (0.7 %).

Revenues, expenses and profit 2022 was the twenty-ninth full financial year for the company. Sales revenue was 5,077 thousand euros (in 2021, 4,069 thousand euros). The company's main goal was to secure its market share

in Estonia and increase sales revenue.

In 2022, the company's financial result was a profit of 948 thousand euros (in 2021, the company had a profit of 108 thousand euros). In the opinion of the company's management, the result achieved is good.

The most important ratios of economic activity are: 31.12.2022 31.12.2021

Short-term liability payment ability ( current assets / short-term liabilities ) 0.40 0.97

Liquidity ratio ( current assets-inventory / short-term liabilities ) 0.15 0.43

Turnover profitability ( profit (-loss) / sales revenue ) 18.7% 2.7%

Debt ratio ( liabilities / equity ) 0.89 0.61

Solidity ratio ( equity / total liabilities and equity ) 0.53 0.62

ROA ( net profit / assets ) 7.7% 1.2%

ROE ( net profit / equity ) 14.6% 1.94%

EBITA (profit before interest, taxes and depreciation) 1 457 813 519 834

Significant environmental and social impacts

During the reporting year, the promotion of rural life in the region continued through the company's activities and the improvement of community interaction through employment.

Investments

The company has a sole ownership (100%) in the company Piistaoja Katsetalu OÜ.

During the reporting period, 470 thousand euros were invested in tangible fixed assets (in 2021, 393