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's activity report 2022

Trinity Wood is a company of Estonian origin, owning a global network of wood products supply.

We are a leading veneer supplier, producing our veneer on special order in cooperation with Estonian manufacturers. We use raw materials from Estonia, Latvia, and Finland to manufacture our products. We supply veneer to plywood manufacturers and manufacturers of pressed furniture parts worldwide.

Experience in the timber market has created long-term and reliable partners for us in Europe, Asia, and North America.

We bring together our customers and suppliers, finding the most suitable transaction for both parties in terms of production price, quality, and service. We have an FSC certificate, believing only in sustainable and controlled source wood.

For our customers: (cid:127) We can guarantee the best price and quality wood products thanks to our global supply network.

(cid:127) We offer precise and optimal delivery solutions, delivering exactly at the desired time to the desired destination.

(cid:127) We carefully check the origin of the wood to guarantee the legality and sustainability of the wood.

(cid:127) We offer various assortments and solutions using our long-term experience and constantly expanding network in the wood sector.

(cid:127) We increase the overall competitiveness and profitability of our customers.

For our suppliers: (cid:127) We ensure our suppliers access to the global wood network, finding the right target markets and customers for the production.

(cid:127) We offer the most optimal logistical solutions and take care of customer financing, guaranteeing reliable payments to our suppliers as a result.

(cid:127) Continuous development of new products in cooperation with manufacturers to offer added value in the market and be competitive.

(cid:127) We increase the overall competitiveness and profitability of our customers.

The management of OÜ Trinity Wood is convinced that efficiency and marketing are the key words in the conditions of increasing competition.

The situation in the world did not have a significant impact on the company's economic activity and did not cause doubt about the continuity of the company's operations.

No remuneration was paid to the members of the board in 2022.

In 2022, the company employed 0 people and the total amount of wages was 0 euros.

The annual financial report has been prepared on the basis of the continuation of the company's operations.

The most important financial ratios of OÜ Trinity Wood as of 31.12.2022 31.12.2021 were

The company's net working capital 2690232 977034

Liquidity ratio 0.96 1.44

Quick liquidity ratio 0.15 0.34

Coverage ratio of short-term liabilities 4.21 2.70

The company's net working capital

The company's net working capital = current assets - short-term liabilities > 0 - the company is liquid < 0 - the company is not liquid

Liquidity ratio

Liquidity ratio = (cash + securities + accounts receivable) / short-term liabilities