| Cash and cash equivalents |
CASH AND CASH EQUIVALENTS As of September 30, 2022, and March 31, 2022, cash and cash equivalents consisted of the following:
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| |
September 30, 2022 |
|
March 31, 2022 |
| |
|
|
(Recasted) |
| Cash demand accounts in National Bank (Kazakhstan) |
$ |
478,567 |
|
|
$ |
42,517 |
|
| Cash demand accounts in commercial banks |
193,944 |
|
|
70,155 |
|
| Securities purchased under reverse repurchase agreements |
47,049 |
|
|
19,947 |
|
| Cash demand accounts on brokerage accounts |
45,653 |
|
|
71,061 |
|
| Petty cash in bank vault and on hand |
12,033 |
|
|
18,607 |
|
| Cash in transit |
8,301 |
|
|
35 |
|
| Overnight deposits |
2,776 |
|
|
— |
|
| Cash demand accounts in stock exchanges |
1,975 |
|
|
2,828 |
|
| Cash demand accounts in the Central Depository (Kazakhstan) |
92 |
|
|
314 |
|
| Total cash and cash equivalents |
$ |
790,390
|
|
|
$ |
225,464
|
|
As of September 30, 2022, and March 31, 2022, cash and cash equivalents were not insured. As of September 30, 2022, and March 31, 2022, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:
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|
|
|
|
September 30, 2022 |
|
Interest rates and remaining contractual maturity of the agreements |
|
Average interest rate
|
|
Up to 30 days |
|
30-90 days |
|
Total |
Securities purchased under reverse repurchase agreements
|
|
|
|
|
|
|
|
| Corporate debt |
15.81 |
% |
|
$ |
25,608 |
|
|
$ |
— |
|
|
$ |
25,608 |
|
| Non-US sovereign debt |
1.38 |
% |
|
13,746 |
|
|
— |
|
|
13,746 |
|
| US sovereign debt |
13.99 |
% |
|
7,444 |
|
|
— |
|
|
7,444 |
|
| Corporate equity |
12.25 |
% |
|
228 |
|
|
23 |
|
|
251 |
|
| Total securities sold under repurchase agreements |
|
|
$ |
47,026
|
|
|
$ |
23
|
|
|
$ |
47,049
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|
|
|
|
|
|
|
|
|
|
|
March 31, 2022 (Recasted) |
|
Interest rates and remaining contractual maturity of the agreements |
|
Average interest rate
|
|
Up to 30 days |
|
30-90 days |
|
Total |
| Securities purchased under reverse repurchase agreements |
|
|
|
|
|
|
|
| US sovereign debt |
16.38 |
% |
|
$ |
9,952 |
|
|
$ |
— |
|
|
$ |
9,952 |
|
| Non-US sovereign debt |
12.51 |
% |
|
9,786 |
|
|
— |
|
|
9,786 |
|
| Corporate equity |
16.90 |
% |
|
152 |
|
|
— |
|
|
152 |
|
| Corporate debt |
11.88 |
% |
|
57 |
|
|
— |
|
|
57 |
|
| Total securities sold under repurchase agreements |
|
|
$ |
19,947
|
|
|
$ |
—
|
|
|
$ |
19,947
|
|
The securities received by the Company as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Company under reverse repurchase agreements as of September 30, 2022, and March 31, 2022, was $47,435 and $19,911, respectively.
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