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's activity report 2022

Raemõisa OÜ is a company established in 2021. The company is engaged in the development of a residential complex in Rae municipality in Harju county. The first year of operation involved the design of the residential complex and the initiation of sales and marketing activities. During the reporting year, construction of the first three houses began, with 73 apartments to be completed in the spring of 2023.

The company's loss for the reporting year amounted to 442,678 euros (2021: 165,141 euros).

The short-term obligation coverage ratio (current assets/short-term obligations) was 3.10 on 31.12.2022 (31.12.2021: 0.57) and the debt ratio (obligations/assets) was 1.07 on 31.12.2021 (31.12.2021: 1.16).

The company's board consists of two members. The board members did not receive any remuneration from the company during the financial year.

The company did not employ any salaried workers during the reporting year.

During the preparation period of the annual report, no extraordinary events have occurred that would significantly deviate from the company's main activity. The company's equity does not meet the requirements set by the Commercial Code as of the balance sheet date. According to the board's assessment, the compliance of equity with the requirements of the Commercial Code will be restored in the first half of 2023 after the completion of the first three buildings.