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's activity report 2022

The main activity of Games Global Estonia OÜ is programming and custom software development.

On 01.04.2022, OÜ Derivco Estonia was divided by separation. As a result, a new company Games Global Estonia OÜ was formed.

During the division, Derivco Estonia OÜ transferred assets, rights, obligations, and contracts related to the business to Games Global Estonia OÜ.

In 2022/2023, Games Global Estonia OÜ focused on strengthening its position in the market as an IT company capable of providing quality software development services. This year, services were mainly provided to Group companies.

As of the balance sheet date, the receivables from buyers recorded in the accounts have been received by the time of the audit and obligations, including a loan with interest, have been paid.

In 2022/2023, the revenue from OÜ sales was 8,775,958 EUR.

Plans for 2023/2024: (cid:127) Continue active operations in the IT sector.

In 2022/2023, no board member remuneration was paid to the board members and it is not planned to do so in 2023/2024 either. There are no obligations to pay severance pay in connection with the possible termination of the board members' service relationship.

Main financial ratios 2022 /2023

Net profit growth % 0% -

Liquidity ratio 1.10 -

ROA % 20% -

ROE % 122% -

Formulas used in calculating ratios:

Profit growth (%) = (net profit 2022/2023 - net profit 2021/2022) / net profit 2021/2022 * 100

Short-term obligations coverage ratio (times) = current assets / short-term obligations

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

ROE (%) = net profit / total equity * 100

Julia Saburova

Board member