Financial Information And Reports

  • Reports
    Interim information Annual information
    3 months 6 months 9 months 12 months
    2023 FSH IR
    FSH
    FSH
    2022 FSH IR
    FSH
    FSH FSH 
    AAI
    AAI (pdf)
    RR 
    2021 FSH IR
    FSH
    FSH FSH
    AAI2
    RR
    2020 FSH FS
    FSH
    MS
    IR
    FSH FSH
    AAI2
    RR
    2019 FSH FS
    FSH
    MS
    IR
    FSH FSH
    AAI2
    MS
    2018 FS
    FSH
    MS
    IR-FS
    FSH
    MS
    FS
    FSH
    MS
    FS
    FSH
    MS
    AAI2
    FSH
    MS
    2017 FSH IR-FS
    MS
    FSH FSH AAI2
    MS
    2016 FSH IR
    FS
    MS
    FSH FSH AAI2
    MS
    2015 FS
    MS
    IR
    FS
    MS
    FS
    MS
    FSH MS
    AAI2
    2014 IR-FS
    FSH
    MS
    FS
    FSH
    MS
    FS
    FSH (EUR) FSH (LTL)
    MS
    AAI1
    MS
    AAI2

    IR – interim result (together with financial statements, interim report and management statement)
    FS – financial statements
    MS – management statement
    IR – interim report
    AAI1 – annual audited information (code 303299817)
    AAI2– annual audited information (code 300893533)
    FSH – fact sheet
    RR – remuneration report

  • Net asset value
    Date Net asset value per share, EUR Net asset value of the company, EUR
    13-07-2016* 1.9635 23,906,150.00
    30-09-2016 1.9425 23,650,988.20
    31-12-2016 1.6203 19,727,654.99
    31-03-2017 1.5819 19,259,953.53
    30-06-2017 1.6220 19,748,704.83
    30-09-2017 1.6379 19,941,795.21
    31-12-2017 1.9557 23,811,752.53
    31-03-2018 1.9180 23,351,694.00
    30-06-2018 1.9306 23,505,653.11
    30-09-2018 1.9642 23,914,761.87
    31-12-2018 2.3018 28,024,654.44
    31-03-2019 2.2746 27,694,139.15
    30-06-2019 2.2714 27,654,929.18
    30-09-2019 2.2541 27,444,705.03
    31-12-2019 2.3784 28,958,136.53
    31-03-2020 2.3687 28,839,349.71
    30-06-2020 2.4001 29,221,994.32
    30-09-2020 2.4533 29,870,274.97
    31-12-2020 2.7700 33,725,238.88
    31-03-2021 2.8230 34,371,343.54
    30-06-2021 2.8777 35,037,213.09
    30-09-2021 2.8964 35,264,312.70
    31-12-2021 2.9936 36,125,378.00
    31-03-2022 3.0509 36,818,072.00
    30-06-2022 3.1017 37,431,916.00
    30-09-2022 3.0948 37,349,070.00
    31-12-2022 3.1711 38,270,309.00
    31-03-2023 3.1402 37,897,611.00
    30-06-2023 3.1409 37,906,286.00
    30-09-2023 3.1327 37,068,547.00

    Change in net asset value per share

    Date From inception Quarter
    30-09-2016 -1.07%
    31-12-2016 -17.48% -16.59%
    31-03-2017 -19.43% -2.37%
    30-06-2017 -17.39% 2.53%
    30-09-2017 -16.58% 0.98%
    31-12-2017 -0.40% 19.40%
    31-03-2018 -2.32% -1.93%
    30-06-2018 -1.68% 0.66%
    30-09-2018 0.04% 1.74%
    31-12-2018 17.23% 17.19%
    31-03-2019 15.84% -1.18%
    30-06-2019 15.68% -0.14%
    30-09-2019 14.80% -0.76%
    31-12-2019 21.13% 5.51%
    31-03-2020 20.64% -0.41%
    30-06-2020 22.24% 1.33%
    30-09-2020 24.95% 2.22%
    31-12-2020 41.07% 12.91%
    31-03-2021 43.78% 1.92%
    30-06-2021 46.56% 1.94%
    30-09-2021 47.51% 0.65%
    31-12-2021 52.46% 3.36%
    31-03-2022 55.38% 1.91%
    30-06-2022 57.97% 1.67%
    30-09-2022 57.62% -0.22%
    31-12-2022 61.50% 2.47%
    31-03-2023 59.93% -0.97%
    30-06-2023 59.96% 0.02%
    30-09-2023 59.55% -0.26%

    *Initial net asset value per share: EUR 1.9635.

    Information about the company’s net asset value is updated every quarter: data for the first and third quarters are provided within a month of the end of the period, while half-year data is provided within two months and full-year data within four months of the end of the period.

  • Formulas of performance indicators

    Book value per share

    The book value per share shows the share of the owner’s equity in the company’s balance sheet per share. It is calculated by dividing the total book value of the company (i.e. its equity, excluding the value of the preferred shares) by the number of ordinary shares. The total book value of the company is equal to the company’s assets minus its liabilities.

                                                                                  Assets – Liabilities
    Book value per share = ——————————————————————————————

                                                         Issued shares at the end of the reporting period

    Hypothetically, this indicator can be interpreted as the amount that can be recovered by the shareholder if the company suddenly ceases activities. Usually the price of a share is higher than the book value. This is because buying a share the company’s future cash flows are purchased rather than just past and present performance.

    Total Net Asset Value

    Net Asset Value (NAV) is the difference between the value of the assets owned by the investment company and the long-term and short-term liabilities of the investment company. The Net Asset Value (or Equity) is calculated by subtracting the liabilities (including management fee liabilities and success fee liabilities) from the assets. The Company’s NAV may be equal to the Company’s Equity.

    NAV = Assets – Liabilities

    Return on Equity (ROE)

    Return on equity is an indicator for measuring how a company earns profits compared to its equity (book value). Thus, this indicator shows how effectively the equity of the company (money and assets invested by the owners of the company) is used.

                                  Net profit
    ROE = ———————————————
                                    Equity

    The higher the return on equity is, the more effective the company is, the more profit it earns for its shareholders. However, the size of the ROE is highly dependent on the company’s capital structure and the owner’s equity of the company. If a company is profitable, by increasing the debts of the company and thus reducing ownership, it can “rise” return on equity. Looking as purely asymmetric, the fewer shareholders’ equity, the higher the ROE rate. For this reason, the ROE indicator should be considered in conjunction with the ROA.

    Earnings per share (EPS)

    Earnings per share (EPS) is an indicator attributed to a set of investment (value) indicators. This indicator shows the share of the company’s profits per ordinary share. When evaluating the indicator, the rule is the higher its value is the better. It should be noted, however, that in different sectors of activity, the EPS indicators may vary considerably.

                                Net profit
    EPS = ———————————————
    ——————Number of share
    s

    Debt ratio

    The debt ratio is calculated by comparing the company’s debts (liabilities) with the assets of the company, so we can also call this indicator a structural indicator that compares the amounts on different sides of the balance sheet. The debt ratio reflects what part of the company’s assets are acquired for borrowed funds. It is important for creditors because it shows how much their funds are protected. The higher the index, the lower the security level. All debts of the company are divided by the total assets of the company, thus obtaining the value, the value of which says the debt of the assets of the company at the euro. Thus, the proportion between debts and assets is revealed.

                                    Debts
    Debt ratio = —————————
                                    Assets

    Change in fair value

    Fair value change – an indicator that shows the change in the fair value of an asset in absolute or percentage terms over the period.

    The ratio of liquid assets to total assets

    Liquid assets to total assets ratio – an indicator that shows the proportion of the company’s assets in cash and cash equivalents and assets that can be sold quickly and without significant costs at market price.

    The ratio of investment to one operating company to net asset value

    Investing in the operating company and the ratio of net assets is an indicator of the proportion (percentage) of the net asset company invested in one company.

  • Related parties transactions

    According to Article 372 part 10, sub-clause 3 of the Law on Companies of the Republic of Lithuania, the provisions of Article 37 are not applicable to the transactions concluded with a subsidiary company, if the owner of all shares is this joint-stock company. In addition, the provisions of Article 37 is not applicable when the transaction or the total amount of such transactions per financial year do not exceed 1/10 of a joint stock company whose shares are allowed to be traded on the regulated market, the value of the assets specified in the latest balance sheet. Therefore, we provide information on the transactions concluded by INVL Technology with related parties taking into account the provisions mentioned above.

    Related party Company‘s relationship with the other counterparty Date and value of the transaction
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 89.2 percent owned by Norway Registers Development AS, which is 100 percent controlled by INVL Technology On 10 October 2018, INVL Technology acquired EUR 150,000 of NRD Systems, UAB bonds.
    Maturity date: 31 March 2019.
    Redemption date: 27 March 2019.
    Andmevara AS
    Registration number 10264823
    Parnu mnt 158 Tallinn Harjumaa 11317, Estonia
    Centre of Registers and Information Systems of Estonia
    Andmevara AS is 100 percent owned by Novian Systems, UAB, which is 100 percent controlled by Novian, UAB, which is 100 percent controlled by INVL Technology On 15 October 2018, INVL Technology acquired EUR 320,000 of Andmevara AS bonds.
    Maturity date: 31 December 2019, extended to 30 June 2020 and 30September 2020.
    Redemption dates: 28 September 2020, 29 September 2020, and 30 September 2020.
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 89.2 percent owned by Norway Registers Development AS, which is 100 percent controlled by INVL Technology On 9 November 2018, INVL Technology acquired EUR 150,000 of NRD Systems, UAB bonds.
    Maturity date: 30 April 2019.
    Redemption date: 24 April 2019.
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 89.2 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 27 March 2019, INVL Technology acquired EUR 150,000 of NRD Systems, UAB bonds.
    Maturity date: 30 September 2020, extended to 31 December 2020.
    Redemption date: 31 December 2020.
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 89.2 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 17 April 2019, INVL Technology acquired EUR 250,000 of NRD Systems, UAB bonds.
    Maturity date: 31 August 2019.
    Partial redemption (EUR 100,000) on 19 June 2019. Final redemption on 30 December 2019.
    Andmevara AS
    Registration number 10264823
    Parnu mnt 158 Tallinn Harjumaa 11317, Estonia
    Centre of Registers and Information Systems of Estonia
    Andmavera AS is 100 percent owned by Algoritmų Sistemos, UAB, which is 100 percent controlled by Novian, UAB, which is 100 percent controlled by INVL Technology On 29 May 2019, INVL Technology acquired EUR 100,000 of Andmevara AS bonds.
    Maturity date: 31 December 2019.
    Redemption date: 31 December 2019.
    ETRONIKA, UAB
    Registration number 125224135
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    Etronika, UAB is 90 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 27 June 2019, INVL Technology signed a EUR 123,000 loan agreement with Etronika, UAB. Part of the loan was repaid on 23 July 2020. The remainder was repaid on 16 September 2020.
    Lithuanian branch of Norway Registers Development AS
    Registration number 304897486
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    The Lithuanian branch of Norway Registers Development AS is 100 percent owned by Norway Registers Development AS, which is 100 percent controlled by NRD Companies, which is 100 percent controlled by INVL Technology On 27 August 2019, INVL Technology signed a EUR 40,000 loan agreement with the Lithuanian branch of Norway Registers Development AS. The loan was repaid on 4 June 2020.
    Norway Registers Development AS
    Reg. no. NO-985 221 405 MVA
    Løkketangen 20 B, 1337 Sandvika, Norway
    Norway Registers Development AS is 100 percent controlled by NRD Companies, which is 100 percent controlled by INVL Technology On 27 August 2019, INVL Technology signed a EUR 225,000 loan agreement with Norway Registers Development AS. The loan was repaid on 4 June 2020.
    Andmevara AS
    Registration number 10264823
    Parnu mnt 158 Tallinn Harjumaa 11317, Estonia
    Centre of Registers and Information Systems of Estonia
    Andmevara AS is 100 percent owned by Algoritmų Sistemos, UAB, which is 100 percent controlled by Novian, UAB, which is 100 percent controlled by INVL Technology On 5 September 2019, INVL Technology signed a EUR 85,000 loan agreement with Andmevara AS. The loan was repaid in parts on 31 December 2019 and 2 January 2020.
    Lithuanian branch of Norway Registers Development AS
    Registration number 304897486
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    The Lithuanian branch of Norway Registers Development AS is 100 percent owned by Norway Registers Development AS, which is 100 percent controlled by NRD Companies, which is 100 percent controlled by INVL Technology On 1 October 2019, INVL Technology signed a EUR 130,000 loan agreement with the Lithuanian branch of Norway Registers Development AS. The loan was repaid on 4 June 2020.
    ETRONIKA, UAB
    Registration number 125224135
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    Etronika, UAB is 90 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 1 October 2019, INVL Technology signed a EUR 20,000 loan agreement with Etronika, UAB. The loan was repaid on 3 April 2020.
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 95.91 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 5 November 2019, INVL Technology signed a EUR 145,000 loan agreement with NRD Systems, UAB. The loan was repaid in parts on 31 December 2019 (EUR 50,000) and 27 May 2020 (EUR 95,000).
    Lithuanian branch of Norway Registers Development AS
    Registration number 304897486
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    The Lithuanian branch of Norway Registers Development AS is 100 percent owned by Norway Registers Development AS, which is 100 percent controlled by NRD Companies, which is 100 percent controlled by INVL Technology On 5 November 2019, INVL Technology signed a EUR 55,000 loan agreement with the Lithuanian branch of Norway Registers Development AS. The loan was repaid on 4 June 2020.
    Andmevara AS
    Registration number 10264823
    Parnu mnt 158 Tallinn Harjumaa 11317, Estonia
    Centre of Registers and Information Systems of Estonia
    Andmevara AS is 100 percent owned by Algoritmų Sistemos, UAB, which is 100 percent controlled by Novian, UAB, which is 100 percent controlled by INVL Technology On 5 November 2019, INVL Technology signed a EUR 25,000 loan agreement with Andmevara AS. The loan was repaid on 2 January 2020.
    ETRONIKA, UAB
    Registration number 125224135
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    Etronika, UAB is 90 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 13 November 2019, INVL Technology signed a EUR 80,000 loan agreement with Etronika, UAB. Part of the loan was repaid on 3 April 2020, the remainder on 16 September 2020.
    Andmevara Services OÜ
    Registration number 14552803
    Harju maakond, Tallinn, Kesklinna linnaosa, Narva mnt 5, 10117, Estonia
    Centre of Registers and Information Systems of Estonia
    Andmevara Services OÜ is 100 percent owned by Novian Technologies, UAB, which is 100 percent controlled by Novian, UAB, which is 100 percent controlled by INVL Technology On 30 December 2019, INVL Technology signed a EUR 130,000 loan agreement with Andmevara Services OÜ. The loan was repaid on 29 September 2020.
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 95.91 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 13 March 2020, INVL Technology signed a EUR 150,000 loan agreement with NRD Systems, UAB. The loan was repaid on 1 January 2021.
    Zissor AS
    Registration number 986 845 550
    Bragernes Torg 6, 3017 Drammen, Norway
    Brønnøysund Register Centre
    Zissor AS is 100 percent owned by Novian, UAB, which is 100 percent controlled by INVL Technology On 19 March 2020, INVL Technology signed a EUR 40,000 loan agreement with Zissor AS. The loan was repaid on 30 April 2020.
    Lithuanian branch of Norway Registers Development AS
    Registration number 304897486
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    The Lithuanian branch of Norway Registers Development AS is 100 percent owned by Norway Registers Development AS, which is 100 percent controlled by NRD Companies, which is 100 percent controlled by INVL Technology On 18 June 2020, INVL Technology signed a EUR 185,000 loan agreement with the Lithuanian branch of Norway Registers Development AS. Part of the loan was repaid on 24 July 2020, the remainder on 30 July 2020.
    Andmevara AS
    Registration number 10264823
    Parnu mnt 158 Tallinn Harjumaa 11317, Estonia
    Centre of Registers and Information Systems of Estonia
    Andmevara AS is 100 percent owned by Algoritmų Sistemos, UAB, which is 100 percent controlled by Novian, UAB, which is 100 percent controlled by INVL Technology On 28 September 2020, INVL Technology reclassified accrued interest on a loan into a EUR 40,000 loan agreement with Andmevara AS with a maturity date of 31 December 2020. The loan was repaid on 31 December 2020.
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 95.91 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 13 March 2020, INVL Technology 150,000 loan agreement with NRD Systems, UAB. The loan was repaid on 1 January 2021.
    Norway Registers Development AS
    Registration number NO-985 221 405 MVA
    Løkketangen 20 B, 1337 Sandvika, Norway
    Norway Registers Development AS is 100 percent controlled by NRD Companies, which is 100 percent controlled by INVL Technology On 17 November 2021, INVL Technology signed a EUR 500,000 loan agreement with Norway Registers Development AS with a maturity date of 31 December 2021. The loan was repaid on 16 December 2021.
    NRD Systems, UAB
    Registration number 111647812
    Gynėjų St. 14, LT-01109, Vilnius, Lithuania
    Register of Legal Entities
    NRD Systems, UAB is 95.91 percent owned by NRD Companies AS, which is 100 percent controlled by INVL Technology On 29 September 2022, INVL Technology signed a EUR 400,000loan agreement with NRD Systems, UAB with a maturity date on 31 May 2023. The loan was repaid on 25 May 2023.