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ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES | 6 Months Ended
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Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Acquisitions and disposal of subsidiaries | ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES Acquisition of London-Almaty On September 1, 2022, the Company completed the acquisition of Insurance Company IC "London-Almaty", following receipt of the approval from the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market, by purchasing 100% of its outstanding shares. The Company acquired the London-Almaty to expand its presence in insurance segment. As of September 1, 2022, the date of the acquisition of IC "London-Almaty", the fair value of IC "London-Almaty" was $15,858. The total purchase price was allocated as follows:
| As of September 1, 2022
ASSETS |
Cash and cash equivalents | $ | 8,077 |
Due from banks | 2,176 |
Trading securities | 6,178 |
Value of business acquired | 1,677 |
Assets from insurance activities | 3,401 |
Fixed assets | 806 |
Intangible assets | 127 |
Other assets | 1,505 |
TOTAL ASSETS | 23,947 |
Insurance reserves | 6,380 |
Liabilities from insurance activity | 1,429 |
Other liabilities | 280 |
TOTAL LIABILITIES | 8,089 |
Net assets acquired | 15,858 |
Goodwill | 485 |
Total purchase price | $ | 16,343 |
Acquisition of Ticketon As of September 30, 2022, the date of the acquisition of Ticketon by purchasing 100% of its authorized capital. The Company acquired the Ticketon to accelerate our growth in fintech industry. The negative fair value of Ticketon was $172. The total purchase price was allocated as follows:
| As of September 30, 2022
ASSETS |
Cash and cash equivalents | $ | 3,029 |
Brokerage and other receivables | 169 |
Fixed assets | 20 |
Intangible assets | 33 |
Right-of-use asset | 63 |
Other assets | 606 |
TOTAL ASSETS | 3,920 |
Deferred income tax liabilities | 34 |
Lease liability | 63 |
Other liabilities | 3,995 |
TOTAL LIABILITIES | 4,092 |
Net assets acquired | (172) |
Goodwill | 3,172 |
Total purchase price | $ | 3,000 |

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- References No definition available. + Details
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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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