XML 39 R30.htm IDEA: XBRL DOCUMENT
v3.24.0.1

ACQUISITIONS OF SUBSIDIARIES | 9 Months Ended
--- | ---
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
ACQUISITIONS OF SUBSIDIARIES | ACQUISITIONS OF SUBSIDIARIES Acquisition of Aviata Aviata's preeminent position in the air and rail ticketing sectors makes it an important strategic asset to the Group as it works to develop a comprehensive digital fintech ecosystem in Kazakhstan. On April 26, 2023, the Company completed the acquisition of Aviata by purchasing 100% of its outstanding shares. As of April 26, 2023, the date of the acquisition of Aviata, the fair value of net assets of Aviata was $9,523. The total purchase price was allocated as follows:
| As of April 26, 2023
ASSETS |
Cash and cash equivalents | $ | 448 |
Restricted cash | 105 |
Brokerage and other receivables | 1,313 |
Loans issued | 1,078 |
Fixed assets | 63 |
Intangible assets | 8,779 |
Other assets | 1,221 |
TOTAL ASSETS | 13,007 |
LIABILITIES |
Trade payables | 1,606 |
Current tax liabilities | 14 |
Other liabilities | 1,864 |
TOTAL LIABILITIES | 3,484 |
Net assets acquired | 9,523 |
Goodwill | 21,795 |
Total purchase price | $ | 31,318 |
Acquisition of Internet-Tourism As of April 26, 2023 the Company completed the acquisition of Internet-Tourism by purchasing 100% of its authorized capital. The Company acquired Internet-Tourism in order to accelerate its growth in digital sector. As of April 26, 2023, the date of the acquisition of Internet Tourism LLP, the fair value of net assets of Internet-Tourism was $1,359. The total purchase price was allocated as follows:
| As of April 26, 2023
ASSETS |
Cash and cash equivalents | $ | 523 |
Brokerage and other receivables | 838 |
Loans issued | 62 |
Fixed assets | 89 |
Intangible assets | 959 |
Other assets | 591 |
TOTAL ASSETS | 3,062 |
LIABILITIES |
Trade payables | 644 |
Other liabilities | 1,059 |
TOTAL LIABILITIES | 1,703 |
Net assets acquired | 1,359 |
Goodwill | 640 |
Total purchase price | $ | 1,999 |
Acquisition of Arbuz As of March 31, 2023, the Company held a 25% equity interest in Arbuz. On April 14, 2023, the Company acquired an additional 5.42% of Arbuz's shares. On May 22, 2023, the Company purchased a further 8.36% of Arbuz's shares, resulting in a total equity interest of 38.78% in Arbuz. With the inclusion of Timur Turlov's individual ownership interest in Arbuz of 18.08% that was acquired before March 31, 2023, the Company effectively obtained control over Arbuz with its purchase on May 22, 2023. During three months ended December 31, 2023, the Company acquired additional 12.81% of Arbuz's shares resulting in total equity interest of 94.73% in Arbuz. The fair value of Arbuz on the date of the acquisition was $11,685. The total purchase price was allocated as follows:
| As of May 22, 2023
ASSETS |
Cash and cash equivalents | $ | 731 |
Brokerage and other receivables | 591 |
Fixed assets | 2,383 |
Intangible assets | 15,154 |
Loans issued | 157 |
Right-of-use asset | 1,097 |
Other assets | 5,002 |
TOTAL ASSETS | 25,115 |
LIABILITIES |
Trade payables | 2,559 |
Current tax liabilities | 11 |
Lease liability | 1,186 |
Other liabilities | 9,674 |
TOTAL LIABILITIES | 13,430 |
Net assets acquired | 11,685 |
Goodwill | 14,961 |
Purchase price | 13,281 |
Revaluation of purchase price previously held interest | 1,040 |
Fair value of NCI | 12,325 |
Total purchase price | $ | 26,646 |
Acquisition of ReKassa As of July 26, 2023 the Company completed the acquisition of ReKassa by purchasing 90% of its authorized capital. The Company acquired ReKassa in order to accelerate its growth in digital sector. As of July 26, 2023, the date of the acquisition of ReKassa, the fair value of net assets of ReKassa was $2,555. The total purchase price was allocated as follows:
| As of July 26, 2023
ASSETS |
Cash and cash equivalents | $ | 654 |
Brokerage and other receivables | 125 |
Loans issued | 177 |
Fixed assets | 14 |
Intangible assets | 1,679 |
Other assets | 11 |
TOTAL ASSETS | 2,660 |
LIABILITIES |
Trade payables | 15 |
Lease liabilities | 42 |
Other liabilities | 48 |
TOTAL LIABILITIES | 105 |
Net assets acquired | 2,555 |
Goodwill | 560 |
Purchase price | 2,600 |
Non-cash consideration | 259 |
Fair value of NCI | 256 |
Total purchase price | $ | 3,115 |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//805/tableOfContent + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration