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's activity report 2022

The activities of Agomer Tires Limited Liability Company include retail and wholesale of motor vehicle parts and accessories, maintenance and repair of motor vehicles, sale and rental of trucks.

The global spread of COVID 19 continued to affect sales revenue in 2022. The virus imposed restrictions on both the procurement and sale of goods. The war between Russia and Ukraine, which significantly changes the global economy, is also a major influencer. Both domestic trade and trade between countries were disrupted.

We developed our website to further increase online sales.

Investments were made in fixed assets in 2022.

The board of Agomer Tires Limited Liability Company consists of one member.

Main financial ratios 2022 2021

Sales revenue (thousand euros) 4933 5253

Change in sales revenue -6.09% 28.22%

Net profit-loss (thousand euros) -177 394.11

Net profitability -3.6% 7.5%

Coverage ratio of short-term liabilities 17.57 22.30

Proportion of borrowed capital 3.83% 3.26%

Formulas used in calculating ratios:

Change in sales revenue=(sales revenue 2022-sales revenue 2021)/sales revenue 2021

Net profitability (%)= net profit/sales revenue x 100

Coverage ratio of short-term liabilities= current assets/short-term liabilities

Proportion of borrowed capital= all liabilities/all liabilities and equity x 100

Director: Ago Jõulu 07.07.2023