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's activity report 2022

The company Rimonne Baltic started its operations in 2002.

The main activity of the company is the wholesale of toys. The production is mainly sold in Estonia, Latvia and

Lithuania. Partners are all major retail chains and regional wholesalers. The company does not plan any new directions for the coming years. Nor are there plans to make major investments.

The company's activity is rather seasonal, where the sale of children's toys increases significantly in the second half of the year before the Christmas period.

In 2022, the company's sales revenue was 10,095,449 euros, of which 3,043,732 euros was turnover in Estonia. Mostly, the company Rimonne Baltic sold products of Mattel. Inc. The product range includes such well-known brands as Barbie, Fisher Price, My Scene, Polly pocket, Matchbox, Hot wheels, Scrabble, Cars.

The macroeconomic environment was generally good in 2022. Due to the recovery of the economy after the corona crisis and

the immigration of Ukrainian families to Estonia, the expenditures made by parents on toys have increased. On the other hand, the war in Ukraine that started in the first quarter of 2022 had a negative impact on financial investments.

The main goal of Rimonne Baltic is to increase its market share in the Baltic countries and become the leading toy seller in the region.

In addition to selling toys, Rimonne Baltic also deals with real estate. The company continues to invest

in real estate located in Tallinn. During the reporting year, the rental income received was 123,834 euros.

Rimonne Baltic OÜ also deals with financial investment, acquiring listed shares. During the reporting year, the financial cost received from the sale of shares and their revaluation was a total of -5,371,783 EUR (in 2021, the income received was 3,445,907 EUR).

To hedge the risk arising from financial investments, the companies in the acquired share portfolio are analyzed and monitored. Investment-related decisions are made based on sufficient and relevant information, collecting information and analyzing it with appropriate thoroughness from an economic, financial and legal perspective. The management monitors and follows the companies in the investment portfolio to keep up with industry developments and respond accordingly.

Rimonne Baltic OÜ uses loan capital for current operations and financial investment. During the reporting year, the company received a financial cost of 189,447 EUR for the use of loan capital (in 2021, the interest cost was 169,788

EUR). A large part of the loan interest obligations raised by the company is linked to the 6-month Euribor. Every 1%

increase in Euribor increases the company's annual loan interest cost by about 47,000 EUR. The company's management monitors the situation in order to reduce the company's risks associated with a possible future increase in Euribor.

In the opinion of the Management Board, the impact of the Euribor increase on the company is not yet substantial, which would require a review of the investment strategy.

In 2022, an average of 12 employees worked at Rimonne Baltic and the wage cost was 197,473 euros.

The board is one-member. The chairman of the board also acts as the company's CEO and the company does not have an elected council.

Rimonne Baltic OÜ is actively involved in packaging recycling to mitigate environmental impacts. The company's activities do not have a significant impact on the social environment.

During the financial year and the period of preparation of the report, transactions were made in foreign currency (USD). Since the volume of transactions in foreign currency was small, the change in exchange rates did not have a significant impact.

Main financial ratios 2022 2021

Business income growth (%) 18.9% 35.5%

Formula: (sales revenue 2022 - sales revenue 2021)/sales revenue 2021 * 100