Freedom Holding Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

3. CASH AND CASH EQUIVALENTS

3. CASH AND CASH EQUIVALENTS

12 Months Ended

Mar. 31, 2013

As of March 31, 2013 and 2012 cash and cash equivalents included:

	March 31, 2013		March 31, 2012

US Dollars	$	10,463,531	$	39,363,094
Foreign currency		—		9,184
Total Cash and Cash Equivalents		10,463,531		39,372,278
Less restricted cash		—		36,002,101
Cash and cash equivalents – unrestricted	$	10,463,531	$	3,370,177

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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