Siguldas CMAS

Quarterly Report • Nov 24, 2022

Joint Stock Company ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Unaudited financial information for the nine months of the year 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Index of Contents 2 Page Information on the Company 3 Profit or Loss Account 4 Balance sheet 5 Cash flow statement 7 Statement on changes in shareholders’ equity 8 Report on Management Liability 9 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Information on the Company 3 Company’s name SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA Company’s legal status Joint stock company Registration number, place and date 40003013295, Riga, 26 July 1991 Registration in the Commercial Register on 19 June 2004 Legal address ‘Kalnabeites 8’, Sigulda, Sigulda municipality, LV-2150, Latvia Shareholders holding more than 5% of the total number of voting shares ‘Siguldas mākslīgās apsēklošanas stacija’ Ltd. (49.92%), registration No. 40003311954 SCI AG (5.95%) Bartholomäus-Arnoldi-Str. 82, DE-61250 Usingen, Germany Oļegs Radčenko (5.19%) Members of the Management Board Nils Ivars Feodorovs, chairman of the Management Board Sarmīte Arcimoviča, member of the Management Board Valda Mālniece, member of the Management Board Members of the Supervisory Board Inita Bedrīte, chairwoman of the Supervisory Board Maija Beča, deputy chairwoman of the Supervisory Board Baiba Mecauce, member of the Supervisory Board Guntis Mecaucis, member of the Supervisory Board Jānis Tūtāns, member of the Supervisory Board till 22.04.2022 Reporting period 01.01.2022 – 30.09.2022 Previous reporting period 01.01.2021 – 30.09.2021 Auditors Olga Kuzmiča Sworn Auditor Certificate No. 207 ‘Orients Audit & Finance’ Ltd. Gunāra Astras street 8B Riga, LV-1082, Latvia Sworn Auditors’ Commercial Company’s license No. 28 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Profit or loss account 4 30.09.2022 EUR 30.09.2021 EUR Net sales 1 125 289 1 027 516 a) from agricultural activities 1 125 289 1 027 516 Changes in stock of ready-made goods and unfinished products 38 065 23 925 Other operating income 41 009 30 584 Costs of materials: (577 541) (489 717) a) raw materials and auxiliary costs of materials (481 665) (410 324) b) other external costs (95 876) (79 393) Personnel costs: (397 757) (358 978) a) salaries for work (313 735) (284 675) b) state social insurance compulsory contributions (73 176) (63 453) c) other social insurance costs (10 846) (10 850) Depreciation adjustments: (33 752) (44 238) a) depreciation adjustments of fixed and intangible assets (33 747) (44 192) b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts (5) (46) Other operating costs (56 926) (49 787) Profit or loss before enterprise income tax 138 387 139 305 Enterprise income tax for the reporting year (134) (3) Profit or loss after enterprise income tax calculation 138 253 139 302 The profit or loss for the year 138 253 139 302 Earnings per 1 share (EPS) 0.327 0.330 Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Chairman of the Management Board Member of the Management Board Member of the Management Board, Manager of the Financial and Accounting department 23 November 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Balance sheet 5 Assets 30.09.2022 EUR 31.12.2021 EUR Long-term investments Intangible assets Concessions, patents, licenses, trademarks and similar rights 269 1 478 Intangible assets total 269 1 478 Fixed assets (fixed assets and investment properties) Fixed assets Immovable properties - land parcels, buildings and constructions 112 644 123 771 Productive animals 50 752 33 586 Technological equipment and machinery 2 644 1 095 Other fixed assets and inventory 63 118 34 969 Prepayments for fixed assets - 3 200 Fixed assets total 229 158 196 621 Investment properties 68 000 68 000 Long-term financial investments Other securities and investments 684 684 Long-term financial investments total 684 684 Long-term investments total 298 111 266 783 Current assets Stock Raw materials, basic materials and auxiliary materials 21 605 24 211 Ready-made goods and goods for sale 985 574 856 983 Stock total 1 007 179 881 194 Receivables Trade receivables 380 778 259 828 Other receivables 10 840 5 659 Prepaid expenses 5 032 8 895 Accrued income 31 254 29 951 Receivables total 427 904 304 333 Cash 253 661 358 805 Current assets total 1 688 744 1 544 332 Assets total 1 986 855 1 811 115 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Balance sheet 6 Shareholders’ equity and liabilities 30.09.2022 EUR 31.12.2021 EUR Shareholders’ equity Share capital 591 416 591 416 Retained earnings or loss carried forward from previous years 1 031 686 968 685 Profit or loss of the reporting year 138 253 96 796 Shareholders’ equity total 1 761 355 1 656 897 Payables Short-term payables Prepayment received from customers 18 614 25 003 Trade payables 134 782 50 334 Taxes and social insurance payments 39 629 42 469 Other payables 18 039 19 815 Accrued liabilities 14 436 16 597 Short-term payables total 225 500 154 218 Payables total 225 500 154 218 Shareholders’ equity and liabilities total 1 986 855 1 811 115 Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Chairman of the Management Board Member of the Management Board Member of the Management Board, Manager of the Financial and Accounting department 23 November 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Cash flow statement 7 30.09.2022 EUR 30.09.2021 EUR Cash flow from operating activities Income from sale of goods and provision of services 1 275 255 1 142 569 Payments to suppliers, employees, other expenses arising from basic operations (1 277 919) (1 171 418) Gross cash flow from basic operations (2 664) (28 849) Expenses for enterprise income tax payments (459) (3) Net cash flow from operating activities (3 123) (28 852) Cash flow from investing activities Purchase of fixed assets and intangible investments (78 574) (52 812) Income from dispossession of fixed assets 11 321 5 266 Net cash flow from investing activities (67 253) (47 546) Cash flow from financing activities Subsidies received as a state support 2 315 5 521 Dividends paid (33 795) (46 469) Net cash flow from financing activities (31 480) (40 948) Result of foreign exchange rate fluctuations (3 288) (2 533) Net increase or decrease of cash and its equivalents (105 144) (119 879) Cash and its equivalents balance at the beginning of the reporting year 358 805 360 288 Cash and its equivalents balance at the end of the reporting year 253 661 240 409 Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Chairman of the Management Board Member of the Management Board Member of the Management Board, Manager of the Financial and Accounting department 23 November 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Statement on changes in shareholders’ equity 8 Share capital Retained earnings carried forward from previous years Profit of the reporting year Shareholders’ equity total EUR EUR EUR EUR 31.12.2020 591 416 911 086 104 068 1 606 570 Profit of 2020 transferred to retained earnings of previous years - 104 068 (104 068) - Dividends distributed - (46 469) - (46 469) Profit of the reporting year - - 139 302 139 302 30.09.2021 591 416 968 685 139 302 1 699 403 31.12.2021 591 416 968 685 96 796 1 656 897 Profit of 2021 transferred to retained earnings of previous years - 96 796 (96 796) - Dividends distributed - (33 795) - (33 795) Profit of the reporting year - - 138 253 138 253 30.09.2022 591 416 1 031 686 138 253 1 761 355 Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Chairman of the Management Board Member of the Management Board Member of the Management Board, Manager of the Financial and Accounting department 23 November 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the nine months of the year 2022 Report on Management Liability 9 Based on information at the Management Board’s possession the financial information for the nine months of the year 2022 has been prepared according to the effective requirements of legislative enactments and provide a true and fair view of the joint stock company’s ‘Siguldas ciltslietu un mākslīgās apsēklošanas stacija’ assets, liabilities, financial condition and profit, and the management report contains true information. Financial information is prepared in accordance with the same item recognition and assessment principles which were used in the preparation of the annual report. Financial information for the nine months of the year 2022 has not been audited by a sworn auditor. Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Chairman of the Management Board Member of the Management Board, Manager of the Production and Marketing department Member of the Management Board, Manager of the Financial and Accounting department 23 November 2022