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's activity report 2022

OÜ Ursula-Maria was established in 1999. The same year, economic activity began and until 2022, the main activities were: (cid:127) Wholesale of wood and primary wood products (cid:127) Retail and wholesale of greenhouses and greenhouse accessories In 2022, the net turnover was 16 242 640 EUR, which is 30.1% higher than in 2021.

Our goals for 2022 were to ensure steady sales growth and a good return on equity, and to respond quickly to market changes. OÜ

The management of Ursula-Maria believes that it can increase efficiency in an increasingly competitive environment. Therefore, we pay more attention to strict cost control.

In 2022, 120 228 euros were invested in fixed assets.

OÜ Ursula-Maria does not have branches registered abroad. There were no research and development projects and related expenditures in the reporting year.

Main financial ratios for the financial year and the previous financial year and their calculation methodology 2022. year 2021.year

Sales revenue 16 272 640 12 510 186

Net profit 2 188 959 1 974 950

Sales growth 30.1 85.4

Net profitability 13.45 13.79

Short-term liabilities coverage ratio 9.8 34.5

Methodology for calculating the financial ratios presented:

Sales growth = (2022 sales revenue - 2021 sales revenue) / 2021 sales revenue * 100%

Net profitability = net profit / sales revenue * 100%

Short-term liabilities coverage ratio= current assets / short-term liabilities

Future plans

Sanctions between Russia and the European Union have a significant impact on our company's turnover, profit and future operations, as 70% of our business partners from whom we buy products are located in Russia. As of 08.01.2023, our company lost the ability to import greenhouses from Russia to Estonia, so we plan a significant decrease in sales revenue for 2023. At present, the management is looking for new business partners outside Russia to maintain its market share.

A significant decrease in turnover does not, in the management's opinion, raise significant doubts about Ursula-Maria OÜ's ability to continue operating for at least 12 months after the date of preparation of the annual financial statements.

The company's plans include finding new business partners outside Russia. We hereby confirm that the above plans and actions are feasible under the circumstances and the result of these plans and actions would improve the situation and provide opportunities to maintain sales revenue.