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's activity report 2022

Partnership TM Energy was formed as a result of the transformation of Trust Partnership Mäebe-Mäeküla Agricultural Products.

Trust Partnership Mäebe-Mäeküla Agricultural Products started its economic activity in 2001.

The main activity of the trust partnership was the production and sale of agricultural products.

At the end of 2010, the trust partnership was transformed into a partnership with the business name TM Energy. The owners and board members of TM Energy also changed.

TM Energy owns 80% of the subsidiary Metsasaadused.

The current financial year report is consolidated.

During the reporting year, forest properties were purchased and sold, as well as the rights to cut growing forests.

The property owned by the subsidiary is home to the Arussaare dolomite quarry, as a result of geological studies, the active reserve of high-grade mineral (dolomite) has been confirmed at the national level. In 2021, an environmental permit application was submitted, which was issued by the Environmental Board on 12.04.2022. no. KL-508491.

The company does not have sales revenue and does not have employees.

When assessing the fair value of real estate investments of companies, the service of external experts was used, the assessment was carried out by AS Pindi

Experienced real estate appraisers.

No significantly larger investments are planned for the next financial year, regular business activities in forestry and real estate will continue. It is planned to increase the purchase and sale of growing forests and properties, and in connection with this, it is planned to create additional jobs in the field of purchase and sale.

In 2022, the sales revenue of TM Energy amounted to 8.99 million euros, compared to the previous financial year, sales revenue decreased by 1.46 million euros e.

13.96%.

.

100% of TM Energy's sales revenue was sales to Estonia.

Main ratios:

Ratio Used formula 2022 2021

Operating profit, (%) Net profit / sales revenue x 100 0.95 -0.69

Return on assets, (%) Net profit / total assets x 100 1.17 -0.99

Return on equity, (%) Net profit / total equity x 100 1.28 -1.03

General level of solvency Current assets / short-term liabilities 1.41 3.23

Return on assets Sales revenue / total assets 1.23 1.43

In the reporting year, the average number of employees of TM Energy was 19 employees. In 2022, the company's labor costs totaled 518,070 euros, of which wages 379,275 euros and social taxes 138,795 euros.

During the reporting period, the board members of the partnership were paid a salary of 93,360 euros.

The subsidiary Metsasaadused does not have employees.

No compensation is paid to board members upon leaving office. There are also no foreseeable contingent liabilities related to the company's management.

The main goal of the companies for the next financial year is to maintain, secure and expand the company's market position in Estonia. One of the priorities of the management is to continue more efficiently economic activities in forestry, real estate and mining. No significant growth in sales revenue is planned.

During the period of preparation of the annual report, no significant events occurred that could significantly affect the results of the following years.