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's activity report 2022

The OÜ Anguilla company has been established for the production of electricity from the sun. In 2022, we produced electricity from the sun with a total of 1.4 MW production equipment. The total electricity production was approximately 1.4 Gwh.

As a second line of business, the company operates in the import and sale of solar panels. The company represents the Japanese manufacturer Leapton Solar in Estonia.

We sell solar panels both in the Estonian market and in foreign markets.

During the financial year, the sale of solar panels has significantly increased. Electricity production has remained at the same level as the previous year.

For 2023, we forecast the continuation of electricity production at the same volume, but the sale of solar panels has grown many times over and we forecast an increase in turnover for 2023 by 8-10 times compared to 2022.

There have been no changes in the company's shareholders.

2021 2022

Short-term debt coverage ratio 3.47 1.08 (current assets/short-term liabilities)

Operating profit margin (net profit/ sales*100)(%) 45.56% 28.58% return on equity 38.05% 43.49% (net profit/net assets*100)(%)