Siguldas CMAS

Quarterly Report • May 26, 2022

Joint Stock Company ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Unaudited financial information for the first three months of the year 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the first three 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 first three 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 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 Reporting period 01.01.2022 – 31.03.2022 Previous reporting period 01.01.2021 – 31.03.2021 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 first three months of the year 2022 Profit or loss account 4 31.03.2022 EUR 31.03.2021 EUR Net sales 364 568 316 085 a) from agricultural activities 364 568 316 085 Changes in stock of ready-made goods and unfinished products 40 443 18 035 Other operating income 16 187 11 638 Costs of materials: (185 044) (152 987) a) raw materials and auxiliary costs of materials (160 809) (129 392) b) other external costs (24 235) (23 595) Personnel costs: (115 863) (112 378) a) salaries for work (90 256) (87 842) b) state social insurance compulsory contributions (20 987) (19 775) c) other social insurance costs (4 620) (4 761) Depreciation adjustments: (12 308) (13 790) a) depreciation adjustments of fixed and intangible assets (12 308) (13 763) b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts - (27) Other operating costs (20 388) (23 108) Profit or loss before enterprise income tax 87 595 43 495 Enterprise income tax for the reporting year (18) (3) Profit or loss after enterprise income tax calculation 87 577 43 492 The profit or loss for the year 87 577 43 492 Earnings per 1 share (EPS) 0.207 0.103 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 25 May 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the first three months of the year 2022 Balance sheet 5 Assets 31.03.2022 EUR 31.12.2021 EUR Long-term investments Intangible assets Concessions, patents, licenses, trademarks and similar rights 1 075 1 478 Intangible assets total 1 075 1 478 Fixed assets (fixed assets and investment properties) Fixed assets Immovable properties - land parcels, buildings and constructions 118 906 123 771 Productive animals and perennial plantings 33 498 33 586 Technological equipment and machinery 730 1 095 Other fixed assets and inventory 32 471 34 969 Prepayments for fixed assets - 3 200 Fixed assets total 185 605 196 621 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 255 364 266 783 Current assets Stock Raw materials, basic materials and auxiliary materials 19 444 24 211 Ready-made goods and goods for sale 926 933 856 983 Prepayments for goods 4 150 - Stock total 950 527 881 194 Receivables Trade receivables 292 961 259 828 Other receivables 4 743 5 659 Prepaid expenses 49 8 895 Accrued income 32 089 29 951 Receivables total 329 842 304 333 Cash 383 024 358 805 Current assets total 1 663 393 1 544 332 Assets total 1 918 757 1 811 115 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the first three months of the year 2022 Balance sheet 6 Shareholders’ equity and liabilities 31.03.2022 EUR 31.12.2021 EUR Shareholders’ equity Share capital 591 416 591 416 Retained earnings or loss carried forward from previous years 1 065 481 968 685 Profit or loss of the reporting year 87 577 96 796 Shareholders’ equity total 1 744 474 1 656 897 Payables Short-term payables Prepayment received from customers 18 378 25 003 Trade payables 83 711 50 334 Taxes and social insurance payments 37 038 42 469 Other payables 19 146 19 815 Accrued liabilities 16 010 16 597 Short-term payables total 174 283 154 218 Payables total 174 283 154 218 Shareholders’ equity and liabilities total 1 918 757 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 25 May 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the first three months of the year 2022 Cash flow statement 7 31.03.2022 EUR 31.03.2021 EUR Cash flow from operating activities Income from sale of goods and provision of services 414 971 337 879 Payments to suppliers, employees, other expenses arising from basic operations (388 787) (378 005) Gross cash flow from basic operations 26 184 (40 126) Expenses for enterprise income tax payments (408) (61) Net cash flow from operating activities 25 776 (40 187) Cash flow from investing activities Purchase of fixed assets and intangible investments (889) (28 436) Income from dispossession of fixed assets - 2 070 Net cash flow from investing activities (889) (26 366) Cash flow from financing activities Subsidies received as a state support 1 1 775 Net cash flow from financing activities 1 1 775 Result of foreign exchange rate fluctuations (669) (742) Net increase or decrease of cash and its equivalents 24 219 (65 520) 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 383 024 294 768 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 25 May 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the first three 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) - Profit of the reporting year - - 43 492 43 492 31.03.2021 591 416 1 015 154 43 492 1 650 062 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) - Profit of the reporting year - - 87 577 87 577 31.03.2022 591 416 1 065 481 87 577 1 744 474 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 25 May 2022 JSC ‘SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA’ Financial information for the first three months of the year 2022 Report on Management Liability 9 Based on information at the Management Board’s possession the Financial information for the first three 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 first three 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 25 May 2022