Freedom Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2022

The carrying amounts of the VIE’s consolidated assets and liabilities are as follows:


	December 31, 2022	March 31, 2022

Cash and cash equivalents	1	134
Restricted cash	1,942	2,843
Trading securities	3,477	2,942
Margin lending, brokerage and other receivables, net	967	435
Fixed assets, net	800	1,043
Intangible assets, net	140	205
Right-of-use asset	424	905
Other assets	84	127

Total assets	7,835	8,634

Customer liabilities	6,441	8,439
Securities repurchase agreement obligations	12	3,267
Trade payables	81	35
Lease liability	454	914
Other liabilities	296	434

Total liabilities	7,284	13,089

The changes in the carrying amount of goodwill as of March 31, 2022, and as of December 31, 2022, were as follows:


	Amount
Balance as of March 31, 2022 (Recasted)	$	5,898

Acquisition of London Almaty	485
Acquisition of Ticketon	3,172
Foreign currency translation	(95)

Balance as of December 31, 2022	$	9,460