Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS OF SUBSIDIARIES

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ACQUISITIONS OF SUBSIDIARIES
 9 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
ACQUISITIONS OF SUBSIDIARIES ACQUISITIONS 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 IC "London-Almaty" to expand its presence in the insurance sector.
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 
On December 15, 2022, IC "London-Almaty" was merged into Freedom Insurance and its separate legal existence was terminated. The assets and liabilities of IC "London-Almaty" were transferred to Freedom Insurance at their respective carrying amounts on the date of the merger was completed.
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 Ticketon to accelerate its growth in fintech sector. The negative fair value of Ticketon on the date of the acquisition 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