Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES (Tables)

v3.22.2
ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES (Tables)
 3 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
As of the acquisition date by Timur Turlov, the fair value of Freedom Life was $12,076. The total purchase price was allocated as follows:
Purchase price allocation
As of February 28, 2018
ASSETS
Cash and cash equivalents $ 3,494 
Due from banks 2,514 
Loans issued 2 
Other assets 1,671 
Assets from insurance activity 3,729 
Deferred acquisition costs 542 
Available-for-sale securities, at fair value 15,842 
Fixed assets 171 
Intangible assets 5,823 
Deferred tax assets 141 
TOTAL ASSETS 33,929 
Deferred income tax liabilities 47 
Other liabilities 139 
Liabilities from insurance activity 21,667 
TOTAL LIABILITIES 21,853 
Net assets acquired 12,076 
Goodwill 526 
Total purchase price $ 7,009 
Fair value of non-controlling interest at acquisition 5,593 
As of the acquisition date by Timur Turlov, the fair value of Freedom Insurance was $4,101. The total purchase price was allocated as follows:
Purchase price allocation
As of August 22, 2018
ASSETS:
Cash and cash equivalents $ 1,224 
Due from banks 1,041 
Other assets 17 
Assets from insurance activity 45 
Current income tax asset 5 
Available-for-sale securities, at fair value 1,846 
Fixed assets 2 
Intangible assets 207 
Deferred tax assets 2 
TOTAL ASSETS 4,389 
LIABILITIES:
Other liabilities 214 
Liabilities from insurance activity 74 
TOTAL LIABILITIES 288 
Net assets acquired 4,101 
Goodwill 187 
Total purchase price $ 4,288