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