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's activity report 2022

Abc Motors AS belongs to the Abc Group, the main activity of the company is the sale of new and used cars, sale of spare parts and maintenance. The brands represented in Abc Motors AS are Renault and Dacia. Abc Motors AS has been operating for 20 years, operates two car centers, one sales yard and a body shop.

Abc Motors AS owns 100% of the subsidiary Abc Rent Eesti AS.

The sales revenue of Abc Motors AS in 2022 was 37,697,684 euros, in 2021 it was 45,151,493 euros, which is 16.5% less than in 2021. The main reason for the decrease in sales revenue was production problems in factories, which resulted in fewer cars received than demanded.

In 2022, a total of 1,129 new vehicles were sold, in 2021 it was 1,831, which is 702 new vehicles less than in 2021.

In 2022, a total of 776 used vehicles were sold, in 2021 it was 1,222, which is 446 used vehicles less than in 2021.

The net profit for 2022 was 323,520 euros, the net profit for 2021 was 479,691 euros, which is 32.6% less than in 2021. The main reasons for the decline in profit can be attributed to high energy prices and lower sales revenue in 2022.

The following ratios characterize the company's activity 2022 2021

Sales revenue growth -16.5 7.5

Return on equity (ROE) 6.3 9.5

Net profitability of sales revenue 0.9 1.1

Equity ratio (%) 31.2 39.8

Short-term liabilities coverage ratio 1.4 1.6

The following formulas were used to calculate the ratios:

Sales revenue growth (%) = (sales revenue 2022 - sales revenue 2021)/sales revenue 2021

Return on equity (ROE,%) = net profit/average equity

Net profitability of sales revenue (%) = net profit/sales revenue

Equity ratio (%) = equity / balance sheet total.

Short-term liabilities coverage ratio (times) = current assets/short-term liabilities In 2022, the average number of employees of Abc Motors AS was 49 (in 2021, 47 employees). Labor costs (salary with social tax) were 2,130,774 euros (in 2021, 1,989,285 euros). The board member was paid (with social tax) 127,680 euros in 2022 (in 2021, 95,760 euros).

In 2022, Abc Motors AS acquired fixed assets for 69,554 euros, a significant part of which was car maintenance -