Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

v3.23.1
Segment Reporting (Tables)
 12 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Revenue from External Customers by Geographic Areas
The following tables summarize the Company's Statement of operation by its geographic segments. Intercompany balances were eliminated for separate disclosure:
Year ended March 31, 2022 (Restated)
STATEMENTS OF OPERATIONS
 Central Asia Europe US Middle East/Caucasus Total
Fee and commission income $ 24,374  $ 306,525  $ 4,545  —  $ 335,444 
Net gain/(loss) on trading securities 11,604  142,195  2,546  —  156,345 
Interest income 75,130  14,540  483  —  90,153 
Net gain/(loss) on foreign exchange operations 6,012  (5,598) 1,565  —  1,979 
Net gain/(loss) on derivative 946  —  —  —  946 
TOTAL REVENUE, NET 118,066  457,662  9,139  —  584,867 
Interest expense $ 54,894  $ 8,747  $ 1,808  —  $ 65,449 
Fee and commission expense 7,945  64,518  780  —  73,243 
Operating expense 42,076  27,069  19,136  283  88,564 
Provision for impairment losses/(recoveries) 2,149  57  —  —  2,206 
Other expense/(income), net 489  7  819  (3) 1,312 
TOTAL EXPENSE 107,553  100,398  22,543  280  230,774 
NET INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS $ 10,513  $ 357,264  $ (13,404) (280) $ 354,093 
Income tax (expense)/benefit 1,237  (26,786) (12,989) 9  (38,529)
NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS $ 11,750  $ 330,478  $ (26,393) (271) $ 315,564 
Year ended March 31, 2021 (Restated)
STATEMENTS OF OPERATIONS
 Central Asia Europe US Middle East Caucasus Total
Fee and commission income $ 17,055  $ 197,844  $ 1,097  —  $ 215,996 
Net gain on financial instruments through profit and loss 18,414  8  7,489  —  25,911 
Interest income 18,498  3,635  682  —  22,815 
Net gain/(loss) on foreign exchange operations 1,658  (300) (215) —  1,143 
Net gain on derivative 86  —  —  —  86 
TOTAL REVENUE, NET $ 55,711  $ 201,187  $ 9,053  —  $ 265,951 
Interest expense $ 12,770  $ 3,663  $ 2,173  —  $ 18,606 
Fee and commission expense 1,211  64,521  246  —  65,978 
Operating expense 19,674  10,921  4,843  15  35,453 
Provision for impairment losses 1,014  108  395  —  1,517 
Other (expense)/income, net (88) (3) (15) —  (106)
TOTAL EXPENSE $ 34,581  $ 79,210  $ 7,642  15  $ 121,448 
NET INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS $ 21,130  $ 121,977  $ 1,411  (15) $ 144,503 
Income tax (expense)/benefit 210  (14,013) (9,559) —  (23,362)
NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS $ 21,340  $ 107,964  $ (8,148) (15) $ 121,141 
Year ended March 31, 2020 (Restated)
STATEMENTS OF OPERATIONS
 Central Asia Europe US Middle East Caucasus Total
Fee and commission income $ 2,810  $ 58,382  $ —  —  $ 61,192 
Net gain/(loss) on financial instruments through profit and loss 8,121  257  (46) —  8,332 
Interest income 7,932  5,451  198  —  13,581 
Net gain/(loss) on foreign exchange operations 517  (313) 84  —  288 
Net gain/(loss) on derivative —  —  —  —  — 
TOTAL REVENUE, NET $ 19,380  $ 63,777  $ 236  —  $ 83,393 
Interest expense $ 9,533  $ 343  $ 324  —  $ 10,200 
Fee and commission expense 629  18,600  186  —  19,415 
Operating expense 18,262  3,500  3,916  —  25,678 
Provision for impairment losses (1,254) —  —  —  (1,254)
Other (expense)/income, net 282  (11) (8) —  263 
TOTAL EXPENSE $ 27,452  $ 22,432  $ 4,418  —  $ 54,302 
NET INCOME BEFORE INCOME TAX FROM CONTINUING OPERATIONS $ (8,072) $ 41,345  $ (4,182) —  $ 29,091 
Income tax (expense)/benefit (16) (4,467) (450) —  (4,933)
NET PROFIT/(LOSS) FROM CONTINUING OPERATIONS $ (8,088) $ 36,878  $ (4,632) —  $ 24,158 
Long-lived Assets by Geographic Areas
The following tables summarize the Company's total asset and total liabilities by its geographic segments. Intercompany balances were eliminated for separate disclosure:
March 31, 2022 (recast)
Central Asia Europe US Middle East Caucasus Held for Sale Total
Total assets $ 1,207,149  $ 765,699  $ 172,661  $ 355  $ 825,419  $ 2,971,283 
Total liabilities $ 985,938  $ 489,899  $ 175,121  $ 172  $ 812,478  $ 2,463,608 
Net assets $ 221,211  $ 275,800  $ (2,460) $ 183  12,941  $ 507,675 
March 31, 2021 (recast)
Central Asia Europe US Middle East Caucasus Held for Sale Total
Total assets 714,380  591,072  46,682  140  748,048  2,100,322 
Total liabilities 557,747  530,227  60,106  3  676,568  1,824,651 
Net assets 156,633  60,845  (13,424) 137  71,480  275,671