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's activity report 2022

Introduction

Mariine Auto Joint Stock Company is a private joint stock company, which was established on 29.03.1993.

Business operations started in March 1994. The main activity of AS Mariine Auto is the sale, maintenance and sale of spare parts of Subaru passenger cars and the sale of used cars. The year 2022 was the twenty-ninth working year for the joint stock company.

Our dealerships are located in Tallinn, Tartu, Pärnu, Jõhvi and Narva.

Revenues, expenses, profit

The reporting year was stable in business operations compared to the previous year. The demand for passenger cars was high. At the end of the year, the prices of cars and spare parts increased.

The sales revenue for 2022 was 22,175,701 euros. Compared to the previous year, 2021, the company's sales revenue has decreased by 3.545%.

The operating profit of AS Mariine Auto was 688,336 euros in 2022 and the net profit for the operating year was 647,275 euros. Changes in exchange rates and interest rates do not significantly affect the report result.

The share capital of AS Mariine Auto is 25,560 euros. There are a total of 100 shares with a nominal value of 256 euros.

Investments In 2022, 35,018 euros were invested from inventories into fixed assets. Transport vehicles are rented out. No research and development expenditures were made or planned.

Financial ratios 2022 2021

Turnover growth (-decrease) (%) -3.545 15.984

Operating profit amount (%) 3.10 1.97

Profit growth (-decrease) (%) 43.47 1,837.54

Net profitability (%) 2.92 1.96

Short-term obligations coverage ratio (times) 3.31 3.51

ROA (%) 13.91 11.54

ROE (%) 19.56 15.76

Formulas used in calculating financial ratios:

Turnover growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100

Operating profit amount (%) = operating profit/ sales revenue * 100

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

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

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

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

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

Outlook for 2023

To be reliable partners: we keep our promises and implement them with quality. We are knowledgeable and competent experts in our field, who respect both ourselves and others. We save energy and resources. Our daily business decisions must support the company, the surrounding environment and the development of society as a whole.

AS Mariine Auto aims to increase sales revenue in 2023. No new investments are planned.