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's activity report 2022

Main areas of activity, product and service groups of the company

Partnership MN Medical was registered on 03.07.2008. The main activity is wholesale, installation and technical maintenance of medical devices.

MN Medical Ltd. has a branch in Belarus with the right to represent.

According to the requirements of the Accounting Act of the Republic of Estonia, the annual report of MN Medical Ltd. is subject to consolidation and this report is a consolidated annual report.

As of the end of 2021, the consolidation group includes

MN Tradecenter Ltd. registered in Estonia (participation 100%),

Subsidiary of MN Tradecenter Ltd. MN Tradecenter LLC in Belarus,

MN Medical Georgia registered in Georgia (participation 100%),

MN Medical Kazakhstan registered in Kazakhstan (participation 100%),

MN Laboratooritehnik Ltd. registered in Estonia (participation as of 31.12.2022 100%, participation as of 16.06.2023 33.30%),

Innovative Medical Systems FZE registered in the United Arab Emirates (participation 100%).

The largest markets were Belarus, United Arab Emirates, Russia, Kyrgyzstan and Kazakhstan.

Partnership MN Medical is a medium-sized enterprise.

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

Sales revenue (EUR) 25,676,672 36,269,097

Sales revenue growth, % -29.21% -35.69%

Net profit (EUR) 257,230 1,383,166

Net profit growth, % -81.40% -82.40%

Net profitability, % 1.00% 3.81%

Short-term liabilities coverage ratio 10.24 3.02

ROA 0.86% 20.26%

ROE 0.94% 29.39%

Methodology for calculating the financial figures provided:

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

Net profit growth = (2022 net profit -2021 net profit)/ 2021 net profit *100

Net profitability = net profit/ sales revenue *100

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

ROA=net profit / total assets *100

ROE=net profit/ equity *100

Future plans

The group's goal for the next financial year is to maintain stable sales and earn a profit.

Searching for potential consumers or possible buyers in Estonia and other countries.

The impact of military operations in Ukraine on the Partnership MN Medical and the group's activities in 2022: 1. significantly limited sales opportunities, 2. difficulties in receiving payment for goods supplied by buyers.