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's activity report 2022

The private limited company, Osaühing, embarked on its journey in the business world in October 2013. The company's primary operations revolve around concrete and construction work, as well as forestry management. These sectors form the backbone of the company's business model, providing a solid foundation for its operations and revenue streams.

In the fiscal year running from January 1, 2022, to December 31, 2022, the company experienced a decline in sales turnover compared to the previous year, 2021. Despite this downturn, the company managed to generate income from its core operations. This demonstrates the resilience of the company's business model, even in the face of challenging market conditions.

Looking ahead to 2023, Osaühing plans to continue operating within the same sectors. This strategic decision reflects the company's commitment to its core competencies and its confidence in the long-term potential of these industries. The company believes that by focusing on what it does best, it can weather any economic storm and continue to thrive.

In the reporting year, the company did not incur any expenses related to research and development activities. This suggests that Osaühing is currently focusing on consolidating its existing operations rather than exploring new business avenues or innovative solutions. However, this strategy may change in the future as the company continues to evolve and adapt to the changing business landscape.

In 2022, the company had an average of 4 employees. The board members were compensated with a salary, reflecting their crucial role in steering the company's strategic direction and overseeing its operations. However, it is noteworthy that the company does not plan to pay any compensation to board members in the event of their dismissal or resignation. This policy underscores the company's commitment to fiscal responsibility and prudent financial management.

The total salary expense for the year was 41,919, inclusive of national taxes. This figure provides an insight into the company's investment in its human resources, which are undoubtedly one of its most valuable assets.

Despite the challenges faced in 2022, Osaühing remains an active economic entity. The company continues to operate and contribute to its respective industries, demonstrating its resilience and adaptability. As it moves forward, Osaühing will undoubtedly continue to navigate the business landscape with the same determination and strategic acumen that has characterized its operations since its inception in 2013.