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INVL Technology Interim / Quarterly Report 2021
2265_rns_2021-09-14_eca2ff33-c368-443a-90e3-4e1bc727d50d.pdf
Interim / Quarterly Report
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NRD Companies group results
2021 01-06
NRD Companies
NEW CHAPTER. BETTER.
NRD Companies
NRD Companies is a global information technology and consulting group of companies, specializing in the governance and development of the economic digital infrastructure for Governments, Registries, Tax Administrations, Financial Institutions, Retailers and National Postal Services.
Headquartered in Norway, serve customers from Norway, Lithuania, Bangladesh, Rwanda, Uganda and Tanzania.
The Group employs more than 110 professionals and is controlled by INVL Technology UTIB.
Bangladesh
COMPANIES STRUCTURE
NRD Companies
NRD Companies AS, Sandvika, Norway
| NRD Systems UAB
VILNIUS, LITHUANIA | 95,91% | 99 % | NRD Bangladesh Ltd
DHAKA, BANGLADESH |
| --- | --- | --- | --- |
| ETRONIKA UAB
VILNIUS, LITHUANIA | 90 % | 100 % | Norway Registers Development Rwanda Ltd
KIGALI, RWANDA |
| Norway Registers Development AS
SANDVIKA, NORWAY | 100 % | 30 % | Infobank Uganda Ltd
KAMPALA, UGANDA |
| Norway Registers Development AS
Lithuanian branch
VILNIUS, LITHUANIA | | | |
Sustainability
We embrace the United Nations and World Bank Sustainability Initiatives through our contribution to:
- Enabling the business environment & job creation
- Increasing the efficiency of government services
- Facilitating financial inclusion and access to finances
- Supporting domestic resource mobilisation
- Improving the accessibility of social and business services
- Facilitating environmental sustainability
- Securing the digital environment
SUNRD Companies
Global Footprint
NRD Companies implement products and projects in more than 50 countries worldwide.
NRD Companies
Solutions and products
RESPONSE DEVELOPMENT AND SYSTEMS INTEGRATION
CONSULTANCY
Doing Business Reforms, Public Sector Reforms, National ID, Digital ID, Civil Registration, Digital Banking, E-service delivery.
BREAKDOWN
-
STRONIKA UAB
VILNIUS, LITHUANIA -
NORD Systems UAB
VILNIUS, LITHUANIA -
NORD Companies
NORD Bangladesh Ltd
DHAKA, BANGLADESH -
NORD Companies
NORD Bangladesh Ltd
DHAKA, BANGLADESH -
NORD Companies
NORD Companies
NORD Companies
NORD Companies
Norway Registers Development Rwanda Ltd
KIGALI, RWANDA
[□]
Public Sector Solutions
BUSREG - internationally proven company / legal entity registration platform. The platform offers not only a fast solution to the customer, but it can also be easily adapted to the needs of different countries. It improves the accessibility and efficiency of services for businesses and investors.
GxP - Customer-centric public e-service delivery platform. The platform is a tool for governments to proactively support citizens and businesses with e-services throughout their customer. It addresses issues of inter-institutional integrity and allows institutions to independently provide e-services to citizens. GxP provides data-driven insights to transform public e-services in response to changing citizens' needs and patterns of behaviour
VFDMS - Virtual Fiscal Device Management System is a new generation online cash register management solution. It addresses the latest VAT tax collection challenges that Tax Authorities face and improves tax revenue collection and reduces informal economy with no burden to businesses.
Financial and Retail Solutions
DIGITAL LOANS - is a platform for SME and Retail loans used by banks and other financial services providers to increase their loan portfolio in a shorter time, keep the lending management and related costs under control and excel in their operational risk management.
Banktron – an award-winning secure and intuitive digital banking platform. It is easily integrated with the latest FinTech solutions.
KASU RETAIL – An omnichannel solution to manage and accelerate retail business.
2021 H1 Projects' Portfolio
Consultancy
- Guyana: E-public service delivery infrastructure assessment (2020-2021)
- Eastern Caribbean States: Unique ID infrastructure assessment (2020-2021)
- Samoa: Civil Registry and National ID infrastructure assessment (2020-2021)
- Uganda: Digital transformation plan for the creation of microfinancing (2020 – 2021)
- Zanzibar: Consultancy services for a business registry system expansion (2020-2021)
- Palestine: Legal, Institutional, Business Process and ICT Assessment for Automated Business Registry System at the Ministry of National Economy in Palestine (2021)
Solutions
- Zanzibar: VFD - Virtual fiscal device management system (2019-2021)
- Cayman Islands: Identity management system (2018-2021)
- Anguilla: BUSREG business registry e-system implementation (2020-2021).
- Barbados: GxP - Public e-services provisioning and delivery platform (2020-2021)
- Northern Macedonia eGovernment project in Northern Macedonia (2020 - 2021)
- Kyrgyzstan KASU POST, an automated retail business management solution for Kyrgyz Post (2018-2021)
- Lithuania:
- Development and implementation of the state food and veterinary information system (2021)a
- Implementation of a mobile application in Medicina bank (2021)
- SEPA Instant Payments implementation into Luminor bank's Digital Channels (2021)
Support & maintenance
- Uganda:
- BUSREG maintenance (2019-2020-2021)
- Investor e-registry system maintenance (2020-2021)
- Zanzibar:
- Civil registry support and maintenance (2021-2022)
- Business registry system maintenance (2020-2021)
- Lithuania:
- E-customs system maintenance (2020-2023)
- iSAF-T Subsystem Implementation Services State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania (2020-2022)
- Infrastructure renewal and development works in Siauliu bank (2020-2021)
- Mauritius:
- BUSREG support and maintenance (2020-2021)
- E-registry system monitoring services (2020-2021)
Subcontracting
- Kenya: Cyber security (2019-2021) –done??
- Ecuador: Cyber security (2019-2021)
- Egypt: Cyber security (2019-2021)
- Bangladesh: Cyber security (2018-2021)
- New Caledonia: Cyber security (2020-2024)
- Bhutan: Advisory Support for the IT Audit of PFM Information Systems (2020-2021)
- Botswana: Technical assistance to SADC Secretariat for cybersecurity risk assessment and threat mitigation (2021)
- Guyana: Payment system security assessment and evaluation 2021
Events
- On the 14-15th of April, 2021 NRD Companies participated at the 5th Growth and Resilience Dialogue organized by the Eastern Caribbean Central Bank in collaboration with its partners: the OECS Commission, The World Bank and The University of the West Indies.
- On the 27th of May 2021 NRD Companies together with Lithuanian tax inspectorate and Lithuanian IT association INFOBAL organized a free webinar for public sector decision-makers "Citizen-centered services. How to pass the quality and performance test?".
- On the 18-20th May, 2021 NRD Companies showcased its solutions and products to more than 1000 policy makers from more than 100 countries at one of the largest E-Governance conference #EGOV2010.
E-Governance
Resilience
NRD Companies
E-Governance Conference
Tallinn, Estonia
Join
Michailas Traubas
Chief Solution Strategist
at EXPO
Rimantas Žylus
Easterner, gormoniko patantija
Edita Jamutienė
Veli Virūnievė
Mindaugas Ubartas
Neosakci TSO
Michailas Traubas
NRD Companies in Splendiriny, e
monacijų vadovas
Rita Bagarcinė
Likelija Vinkivėg, in irigantien
transformacijos eksperts
ORGANIZATORIUS
InfoBalt
NATIONAL
VOCAL
VEDI
VED
NRD Companies
Financial Results
NRD Companies
NRD COMPANIES CONSOLIDATED INCOME ACCORDING COUNTRIES
(Thousand. EUR)
REVENUE OF NRD COMPANIES FOR 6 MONTHS OF 2020 BY COUNTRY
REVENUE OF NRD COMPANIES FOR 6 MONTHS OF 2021 BY COUNTRY
| (THOUS EUR) | 6 months of 2020 | 6 months of 2021 | Change |
|---|---|---|---|
| Lithuania | 1,562 | 1,125 | (437) |
| Others | 2,285 | 2,217 | (68) |
| Total | 3,847 | 3,342 | (505) |
NRD Companies
NRD COMPANIES MAIN FINANCIAL FIGURES
CONSOLIDATED REVENUE OF NRD COMPANIES (THOUS.EUR)
CONSOLIDATED EBITDA OF NRD COMPANIES (THOUS.EUR)
| (THOUS. EUR) | 2017 | 2018 | 2019 | 2020 | 2021 H1 |
|---|---|---|---|---|---|
| Revenue | 7,232 | 7,161 | 6,596 | 6,989 | 3,342 |
| EBITDA* | 557 | 504 | 166 | 602 | 204 |
- From 2019 IFRS 16 was adopted, which affected the amount of EBITDA, therefore the EBITDA for the periods 2017-2018 and 2019-2021 is not directly comparable.
NRD Companies
NRD COMPANIES REVENUE BY SECTOR AND NUMBER BY COUNTRIES
REVENUE OF NRD COMPANIES OF 2019 BY SECTOR
REVENUE OF NRD COMPANIES OF 2020 BY SECTOR
REVENUE OF NRD COMPANIES OF 2020 BY SECTOR
REVENUE OF NRD COMPANIES FOR 6 MONTHS OF 2021 BY SECTOR
NUMBER COUNTRIES OF OPERATION OF NRD COMPANIES
Revenues in the government and registries sectors increased significantly in the first half of this year. The group's income was negatively affected by the falling USD exchange rate. Compared to the same period in 2020, the USD exchange rate was lower by ~ 9% and this had a significant impact on the company's revenue and results of operations.
NRD Companies
NRD Companies
NEW CHAPTER. BETTER.
www.nrdcompanies.com