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Transactions with Related Parties
 12 Months Ended
Dec. 31, 2024
Related party transactions [abstract]  
Transactions with Related Parties
23.
Transactions with related parties

In considering each possible related party relationship, attention is directed to the substance of the relationship, and not merely the legal form. The Group had the following transactions outstanding with related parties:

 

 

2023

 

 

2024

 

 

Transactions
with related
parties

 

 

Total
category
as per
financial
statements
captions

 

 

Transactions
with related
parties

 

 

Total
category
as per
financial
statements
captions

 

Consolidated statements of financial position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans to customers

 

 

2,435

 

 

 

4,478,489

 

 

 

1,103

 

 

 

6,042,443

 

- entities controlled by the key management personnel of
   the Group

 

 

2,435

 

 

 

 

 

 

1,103

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for impairment losses on loans to customers

 

 

(2

)

 

 

(242,532

)

 

 

-

 

 

 

(295,843

)

- entities controlled by the key management personnel of
   the Group

 

 

(2

)

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other assets

 

 

1,196

 

 

 

135,598

 

 

 

1,955

 

 

 

139,696

 

- entities controlled by the key management personnel of
   the Group

 

 

1,196

 

 

 

 

 

 

1,955

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer accounts

 

 

15,259

 

 

 

5,441,456

 

 

 

12,120

 

 

 

6,561,950

 

- entities controlled by the key management personnel of
   the Group

 

 

9,526

 

 

 

 

 

 

2,846

 

 

 

 

- key management personnel of the Group

 

 

5,662

 

 

 

 

 

 

9,146

 

 

 

 

- other related parties

 

 

71

 

 

 

 

 

 

128

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other liabilities

 

 

5,050

 

 

 

115,272

 

 

 

963

 

 

 

104,350

 

- entities controlled by the key management personnel of
   the Group

 

 

5,004

 

 

 

 

 

 

963

 

 

 

 

- key management personnel of the Group

 

 

46

 

 

 

 

 

 

-

 

 

 

 

 

 

 

2022

 

 

2023

 

 

2024

 

 

Transactions with related parties

 

 

Total category as per financial statements caption

 

 

Transactions with related parties

 

 

Total category as per financial statements caption

 

 

Transactions with related parties

 

 

Total category as per financial statements caption

 

Consolidated Statements of
   Profit or Loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net fee revenue

 

 

-

 

 

 

679,782

 

 

 

4,161

 

 

 

987,967

 

 

 

4,378

 

 

 

1,275,125

 

- entities controlled by the key
   management personnel of
   the Group

 

 

-

 

 

 

 

 

 

4,008

 

 

 

 

 

 

4,215

 

 

 

 

- key management personnel
   of the Group

 

 

-

 

 

 

 

 

 

153

 

 

 

 

 

 

162

 

 

 

 

- other related parties

 

 

-

 

 

 

 

 

 

-

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest revenue

 

 

314

 

 

 

574,426

 

 

 

259

 

 

 

833,516

 

 

 

202

 

 

 

1,082,668

 

- other related parties

 

 

314

 

 

 

 

 

 

259

 

 

 

 

 

 

202

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other gains/(losses)

 

 

-

 

 

 

16,384

 

 

 

2

 

 

 

23,200

 

 

 

-

 

 

 

11,229

 

- entities controlled by the key
   management personnel of
   the Group

 

 

-

 

 

 

 

 

 

2

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COSTS AND OPERATING
   EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expenses

 

 

(403

)

 

 

(278,676

)

 

 

(544

)

 

 

(478,010

)

 

 

(609

)

 

 

(616,116

)

- entities controlled by the key
   management personnel of
   the Group

 

 

(176

)

 

 

 

 

 

(507

)

 

 

 

 

 

(25

)

 

 

 

- key management personnel
   of the Group

 

 

(19

)

 

 

 

 

 

(34

)

 

 

 

 

 

(582

)

 

 

 

- other related parties

 

 

(208

)

 

 

 

 

 

(3

)

 

 

 

 

 

(2

)

 

 

 

Transaction expenses

 

 

-

 

 

 

(22,188

)

 

 

(137

)

 

 

(27,470

)

 

 

(153

)

 

 

(29,494

)

- entities controlled by the key
   management personnel of
   the Group

 

 

-

 

 

 

 

 

 

(137

)

 

 

 

 

 

(153

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods and services

 

 

-

 

 

 

(82,747

)

 

 

(5,129

)

 

 

(166,356

)

 

 

(6,445

)

 

 

(303,858

)

- entities controlled by the key
   management personnel of
   the Group

 

 

-

 

 

 

 

 

 

(5,129

)

 

 

 

 

 

(6,445

)

 

 

 

 

During the years ended 31 December 2022, 2023 and 2024, transaction expenses attributable to loans to customers and paid to entities controlled by the key management personnel of the Group, were KZT 4,862 million, KZT 5,748 million and KZT Nil, respectively.

Up until its acquisition in October 2023, Kolesa Group was an entity controlled by the key management personnel of the Group and was a party to an agreement, under which we were paying fees to Kolesa Group for car loans generated on Kolesa’s car classifieds platform, which are presented as transaction expenses attributable to loans to customers in the table above.

For the year ended 31 December 2023 and 2024, the total value of goods purchased from entities controlled by the key management personnel was KZT 4,310 million and KZT 6,336 million, respectively, from which KZT 3,906 million and KZT 3,215 million, respectively, recognised in cost of goods and services and remaining in inventory.

For the year ended 31 December 2023 and 2024, the total value of equipment and other assets purchased from entities controlled by the key management personnel was KZT Nil and KZT 970 million, respectively.

For the year ended 31 December 2023 and 2024, the Group acquired from entities controlled by the key management personnel a commercial property for KZT 4,779 million and KZT 2,245 million, respectively and a land plot for KZT 1,665 million and KZT Nil, respectively.

Compensation to directors and other members of key management is presented as follows:

 

 

2022

 

 

2023

 

 

2024

 

 

Transactions with related parties

 

 

Total category
as per financial statements caption

 

 

Transactions with related parties

 

 

Total category
as per financial statements caption

 

 

Transactions with related parties

 

 

Total category
as per financial statements caption

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee benefits

 

 

(800

)

 

 

(68,509

)

 

 

(535

)

 

 

(86,326

)

 

 

(438

)

 

 

(104,522

)

Share-based compensation

 

 

(7,298

)

 

 

(19,984

)

 

 

(4,815

)

 

 

(20,859

)

 

 

(1,816

)

 

 

(16,963

)