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's activity report 2022

The main activity of the company is the wholesale of vegetable oil. Vegetable oil is one of the central economic products of agriculture. Euro Trans Oil OÜ purchases certified goods from reliable suppliers.

Purchase/sale takes place according to previously concluded contracts, which specify the quantity of goods, price, delivery time and payment/prepayment deadline.

The company operates in accordance with international trade rules Incoterms 2010, the conditions of which are stipulated in the concluded contracts or invoices. Thanks to reliable suppliers, we can always ensure the timely delivery of quality and certified goods. We cooperate with European Union member states.

No investments were made during the financial year, as the company has been operating for a short time and the profit earned was invested in working capital, increasing sales volumes. At the moment, significant investments are not planned, as we assess the current market situation and are looking for new opportunities in the near future.

No research and development activities took place during the reporting year, and no experiments or design work were carried out, so no costs associated with them were incurred. At the moment, there are no plans to carry out significant research or development studies in the coming years.

Events that may have a significant impact on the financial statements of Euro Trans Oil OÜ include: - Planned changes in business strategy: if the company intends to change its strategy, this may affect its financial results in the future. For example, expanding to new markets or leaving current markets.

- Signing of large-scale contracts: signing large-scale contracts or losing existing customers can significantly affect the company's revenues.

- Changes in market conditions: such a factor as price changes can affect financial results.

General macroeconomic development significantly affects the company's operating environment and can affect its financial results. Here are some ways this can happen: - Economic growth and demand: if the economy grows, it can increase demand for the company's products, including oil. This can lead to an increase in sales volumes and revenues.

- Inflation and the cost of raw materials: a high level of inflation can increase the cost of raw materials, which can affect the cost price of the company's products.

This can reduce profitability.

- Regulation and taxation: changes in government policy, such as tax changes, can affect the company's costs and profits.

Therefore, general macroeconomic development can have both a positive and negative impact on the financial results of Euro Trans Oil OÜ and therefore the company monitors these factors carefully and adjusts its strategy according to changes in the operating environment.

For a successful oil trading company, it is important to consider factors such as seasonality and cyclicality, develop strategies for inventory management, marketing and pricing to adapt to changes in the sales market during such periods, as the seasonality of business activities directly depends on the harvest.

Our business activities do not have a significant impact on the environment in general and the social environment.

The company does not have risks associated with changes in exchange rates, interest rates and stock prices. All settlements are in one currency – euro.

In the opinion of the management, the extent of financial risk of financial instruments is below the risk tolerance limit. Euro Trans Oil OÜ is not exposed to price risk in relation to financial instruments, as it does not have investments in equity instruments.

There were no salaried employees during the reporting period.

In 2023, the same business activity will continue. We plan to further increase the volume of goods purchase-sale, cooperating with new contract parties and, if possible, expanding the range of goods sold.

Main Ratios used in the calculation of 2022 2021 financial ratios formulas

Sales revenue (in euros) 37,710,392.00 8,494,595.00

Net profit/Net loss 2,894,648.00 70,036.00 (in euros)