This company's branding has already reached 1,747 peopleand his is followed by 61 Storybook users.On average, the company has been rated 4.3 points.but there is no comment.

's activity report 2022

Introduction

The company was established in 2002, the main area of activity was catering.

Since 2009, the company has been involved in the purchase and sale of fish raw materials.

Turnover, profit

Vichiunai Nordic AS's net sales in the reporting year were 22.1 million euros (2021: 37.8 million euros) and the result was -0.9 million euros (2021: -0.5 million euros). The main reason for the decline in turnover is the end of the sale of raw materials to Russia. The main causes of loss were financial expenses.

The main financial ratios are as follows: 2022 2021

Change in turnover (%) -41.52% 32.27%

Net profitability (%) = -4.08% -1.43%

Reporting year result / sales revenue

Short-term obligation coverage ratio (times) = 0.67 0.59

Total current assets / Total short-term liabilities

ROA (%) = Reporting year result / Average assets ____ ____

ROE (%) = Reporting year result / Average equity ____ ____

Risk of changes in exchange rates and interest rates

Purchases of raw materials for resale from suppliers are made in USD, sales are also mostly in USD, therefore the exchange rate risk from brokerage transactions is covered, but due to the difference in payment terms and loan obligation, the risk remains. To hedge exchange rate risks, futures transactions are used for USD purchases. Changing the company's accounting currency is not considered.

Staff

AS Vichiunai Nordic had no employees in the reporting year (2021:0).

The company's board is composed of three members, no remuneration was paid to the board in the reporting year. No remuneration was paid to the members of the council. No compensation is paid to the members of the board and council in case of termination of their contract.

Continuity

AS Vichiunai Nordic's short-term obligation coverage ratio is 0.67, but the company has short-term loan obligations to companies in the Group, the repayment deadline of which can be extended if necessary and the owners have no interest in initiating bankruptcy through the realization of loan claims. Therefore, the board confirms that the company is still operating.