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Invalda INVL Fund Information / Factsheet 2020
2247_rns_2020-11-30_dcab0edd-d91c-4e84-ba16-744325aad867.pdf
Fund Information / Factsheet
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INVALDA
INVL
INVALDA INVL: 2020 Q3 RESULTS' FACTSHEET
Invalda INVL is an asset management group whose companies have been entrusted with the management of assets of over EUR 1.1 bln by more than 200 thousand clients.
Companies in the Invalda INVL group manage pension and mutual funds, alternative investments (private equity, private debt and real estate funds), individual portfolios and other financial instruments.
Founded in 1991 by a group of academics to accumulate funds and carry out investment activities. Over its history Invalda INVL has executed deals worth more than EUR 1.5 bln.
Listed on the stock exchange since 1995.
Changes in Invalda INVL share price and OMX Vilnius index over 10 years
Shareholders of Invalda INVL
| EUR thousand | Group's | Company's | ||
|---|---|---|---|---|
| 2019 Q3 | 2020 Q3 | 2019 Q3 | 2020 Q3 | |
| Non-current assets | 73,852 | 71,336 | 73,516 | 74,309 |
| Current assets | 11,315 | 10,151 | 7,657 | 2,275 |
| Equity | 79,668 | 75,004 | 79,424 | 74,807 |
| Non-current liabilities | 2,982 | 3,200 | 1,307 | 1,038 |
| Current liabilities | 2,517 | 3,283 | 442 | 739 |
| Result before taxes | 14,227 | (3,387) | 14,128 | (3,466) |
| Net result | 13,652 | (2,952) | 13,632 | (2,993) |
| Net result attributable to holders of the parent Company | 13,652 | (2,993) | - | - |
Calculation of the net asset value of Invalda INVL
| EUR thousand | Evaluation criteria | 30.09.2019 | 30.09.2020 |
|---|---|---|---|
| Investment into asset management | Equity method | 11,137 | 12,916 |
| Investments into INVL Baltic Sea Growth Fund (commitment to invest is excluded) | Fair value of net assets | 3,547 | 6,743 |
| Investments into INVL Baltic Real Estate | Market price | 11,010 | 8,869* |
| Investments into Moldova-Agroindbank | Comparative method of multipliers | 6,857 | 6,570 |
| Investments into INVL Technology | Market price | 2,836 | 3,733 |
| Investment into investment fund | Fair value of net assets | 5,684* | 1,290* |
| Investments into Litagra (including loans granted) | Comparative method of multipliers | 15,985 | 15,543 |
| Investments into Šiauliai Bank | Market price | 16,804 | 13,871 |
| Investments into Inservis (including loans granted) | Comparative method of multipliers | 3,921 | 4,251 |
| Investments into other subsidiary companies (including loans granted) | Fair value of net assets | 550 | 479 |
| Other assets, other investments | Book value | 950 | 1,869 |
| Cash and cash equivalents | Book value | 1,892 | 450 |
| Total assets | Book value | 81,173 | 76,584 |
| Liabilities | Book value | 1,749 | 1,777 |
| Net asset value | Book value | 79,424 | 74,807 |
| Net asset value per share | Book value | 6.84 | 6.40 |
- The value of investments in non-consolidated companies is included
For 2019, Invalda INVL allocated a dividend of EUR 0.80 per share (total EUR 9.288 million).
INVALDA
INVL
INVALDA INVL: 2020 Q3 RESULTS' FACTSHEET
ASSET MANAGEMENT
| INVL | ASSET MANAGEMENT | INVL | ASSET MANAGEMENT | FINASTA | INVL | FARMLAND MANAGEMENT | INVL |
|---|---|---|---|---|---|---|---|
| EUR million (if not stated otherwise) | 30.09.2019 | 30.09.2020 | |||||
| Lithuania | Latvia | Total | Lithuania | Latvia | Total | ||
| Number of clients, units | 178.4 | 51.9 | 230.3 | 188.8 | 55.8 | 244.6 | |
| Amount earned (loss incurred) for clients | 89.3 | (15.7) | |||||
| Asset under management* | 904.9 | 89.7 | 994.6 | 974.2 | 133.6 | 1,107.8 | |
| 2nd pillar pension funds | 480.3 | 88.3 | 568.6 | 537.8 | 132.2 | 670.0 | |
| 3rd pillar pension funds | 32.6 | 1.4 | 34.0 | 45.2 | 1.4 | 46.6 | |
| Investment funds | 57.4 | - | 57.4 | 48.5 | - | 48.5 | |
| Portfolios | 73.9 | - | 73.9 | 70.5 | - | 70.5 | |
| Alternative assets | 260.7 | - | 260.7 | 272.2 | - | 272.2 | |
| Revenues | 7.07 | 0.35 | 7.42 | 8.61 | 0.59 | 9.20 | |
| Profit (loss) before tax, EUR thousand** | 1,212 | (200) | 1,012 | 1,166 | (319) | 847 |
- Eliminated investments into own products, for which management fee is not charged.
** According to accounting data of Invalda INVL.
OTHER MAJOR INVESTMENTS
| Company | Activity | Directly owned share, % | Value of the owned shares 30.09, mln. EUR | Profit (loss) from investment mln. EUR |
|---|---|---|---|---|
| General partner investments | ||||
| INVL Baltic Sea Growth Fund | ||||
| bsgf.invl.com | The largest private equity investment fund in the Baltic countries. The fund is intended for professional investors. | 12.22 | 6.7 + 13 commitment to invest | (1.3) |
| BALTIC REAL ESTATE | ||||
| www.invblaticrealestate.com | Investments in commercial real estate company, acting as a closed-end investment company. | 29.97 | 8.2 | 2.6 |
| MAIB | ||||
| Moldova Agroindbank | ||||
| https://www.maib.md/ | The largest commercial bank in Moldova providing a full range of financial services | 7.9 | 6.6 | (1.45) |
| TECHNOLOGY | ||||
| www.invltechnology.com | Investments in information technology company, acting as a closed-end investment company. | 15.03 | 3.7 | 0.5 |
| Other historical investments | ||||
| LITAGRA | ||||
| www.litagragroup.lt | Primary agricultural production company that concentrates on agriculture - the cultivation of grain, milk and feed production. | 48.81 | 15.5 | (1.2) |
| ŠIAULIŲ BANKAS | ||||
| www.sb.lt | Lithuanian commercial bank providing financial services for business and private clients. | 5.48 | 13.9 | (2.8) |
| inservis | ||||
| FESTATU PRIEŽIORA | ||||
| www.inservis.lt | Facility management companies' group | 100 | 4.25 | 0.1 |
More information www.invaldainvl.com