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's activity report 2022

Promenaadi Kodud OÜ, a real estate development company, was established in November 2020 and is part of the Miston Capital OÜ group.

The aim of Promenaadi Kodud OÜ was to build a total of 3 apartment buildings in Pärnu, at the addresses Rääma 9, Rääma 9a and Rääma 11.

Construction began in November 2021 and all three buildings were completed by December 2022. A total of 28 apartments were built in the three buildings.

In the financial year, 100% of the total number of apartments were completed.

After the balance sheet date, all apartments have been sold and loan obligations have been fulfilled.

In 2023, Miston Capital OÜ and Promenaadi Kodud OÜ plan to merge.

The board of Promenaadi Kodud OÜ consisted of two members. As of 22.03.2023, the board has one member.

No remuneration was paid to the board members.

Main financial ratios 2022

Sales revenue (thousand euros) 631046

Net profitability of sales revenue (%) 18.94

Coverage ratio of short-term liabilities (times) 1.04

Debt ratio 0.97

ROA (%) 3.42

ROE (%) 98.97

Formulas used in calculating ratios:

Net profitability of sales revenue (%) = net profit/sales revenue*100

Coverage ratio of short-term liabilities = current assets/short-term liabilities

Debt ratio = total liabilities/total assets

ROA (%) = net profit/total assets*100

ROE (%) = net profit/equity*100