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's activity report 2022

ESFITECH OÜ was registered in the commercial register on 07.10.2009 and started its economic activity in the 2009/2010 financial year.

ESFITECH OÜ is part of the ADDINOL Lube Oil GmbH consolidation group in Germany and is a company belonging to the same consolidation group as ADDINOL Lube Oil OÜ.

The main activity of ESFITECH OÜ is the design of technological solutions and the supply of industrial equipment for the transport and processing of rock mass and materials.

ESFITECH OÜ has its own design office and represents the German manufacturers FLENDER, HAZEMAG, STEINERT, SCHULTE

STRATHAUS brands in the Baltic States. The company's goal is to provide professional and comprehensive technical solutions for industrial technology.

The war in Ukraine and the imposition of sanctions against the Russian Federation significantly affected the company's economic activity in the 2021/2022 financial year, as a result of which the result of the activity is negative.

The main works carried out in the 2020/2021 financial year were: - Supply of belt conveyors for Severstal Olkon mine; - Supply of components for Enefit Mines AS; - Supply of components for VKG Mines OÜ; - Supply of FLENDER industrial drives in the Baltic States; - Supply of Flender belt conveyor drives to LNK Industries AS;

The following projects are planned for the 2022/2023 financial year: - Supply of Flender drives to Akmenes Cementas; - Supply of belt conveyors for Poltavsky GOK; - Supply of belt conveyor components for Enefit Mines AS; - Supply of crushers and belt conveyor components for VKG Mines OÜ; - Supply of FLENDER industrial drives in the Baltic States; - Offering technological design services and realization of own products in Latvia, Lithuania and Kazakhstan, Uzbekistan market; 2021/2022 2020/2021

Solvency:

Short-term debt = Current assets / short-term liabilities 1.66 1.88 coverage ratio = Liquid assets / short-term

Liquidity ratio 1.03 1.39 liabilities

Net working capital (in Euros) = Current assets - short-term liabilities 492036 836130

Efficiency of asset use:

Asset return = Sales revenue / total assets 2.19 1.83

Return on fixed assets = Sales revenue / fixed assets 26.96 35.21

Financial ability:

Debt ratio = Liabilities / total assets 64.30% 50.40%

Equity ratio = Sources of assets / equity 2.80 2.02

Profitability:

Net sales profitability = Net profit / sales revenue -7.47% 0.44%

Net asset return (ROA) = Net profit / total assets -16.38% 0.81%

Return on equity (ROE) = Net profit / equity -45.89% 1.64%

Vassili Turõgin

Board member

Head of the company