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's activity report 2022

Gas Energy OÜ started its operations in 2008. In 2017, the areas of operation were restructured and the company focused on running an excise warehouse. In 2022, the company's main activity was the wholesale of other liquid and gas fuels, etc. In 2022, no significant benefits were considered for the owners.

No investments were made during the reporting period.

There were no significant research and development projects during the reporting period and none are planned for the next reporting period.

From a macroeconomic perspective, the company is influenced. Here are some examples: geopolitical LPG availability in the region, domestic tax decisions and excise policy, environmental and pollution taxes, economic downturn, pandemic. The emergence of these factors or examples may also affect the company's development and financial results.

There is seasonality in the company's business activities, which is caused by the agricultural sector. There is a difference in LPG sales when running an excise warehouse, especially in August and September, when gas sales are higher. The goal for the coming years is to reduce seasonality and make monthly sales more stable.

2022 2021

Short-term debt coverage ratio = current assets/short-term liabilities 4.02 5.09

Liquidity ratio = cash + securities/short-term liabilities 2.86 3.15

Debt ratio = liabilities/assets 0.16 0.15