Annual report pursuant to Section 13 and 15(d)

RECAST - BALANCE SHEETS (Details)

v3.23.1
RECAST - BALANCE SHEETS (Details) - USD ($)
$ / shares in Units, $ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
ASSETS        
Cash and cash equivalents $ 224,663 $ 168,017 $ 11,242  
Restricted cash 547,950 490,691    
Trading securities 1,080,982 587,546    
Available-for-sale securities, at fair value 1 1    
Brokerage and other receivables, net 147,480 49,518    
Loans issued 92,403 9,626    
Deferred tax assets 857 0    
Fixed assets, net 17,387 15,571    
Intangible assets, net 3,512 3,902    
Goodwill 5,388 7,137    
Right-of-use asset 6,747 4,626    
Other assets, net 18,494 15,639    
Total assets held for sale 825,419 748,048    
Total assets 2,971,283 2,100,322    
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations 742,710 374,718    
Customer liabilities 766,627 671,825    
Trade payables 45,082 22,002    
Current income tax liability 14,556 14,199    
Securities sold, not yet purchased - at fair value 13,865 8,569    
Loans received 3,538 3,373    
Debt securities issued 34,390 31,349    
Lease liability 6,785 4,811    
Deferred income tax liabilities 0 4,007    
Deferred distribution payments 8,534 8,534    
Other liabilities 15,043 4,696    
Total liabilities held for sale 812,478 676,568    
TOTAL LIABILITIES 2,463,608 1,824,651    
Commitments and Contingent Liabilities (Note 30) 0 0    
SHAREHOLDERS' EQUITY        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding $ 0 $ 0    
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001    
Preferred stock, authorized (in shares) 20,000,000 20,000,000    
Preferred stock, issued (in shares) 0 0    
Preferred stock, outstanding (in shares) 0 0    
Common stock - $0.001 par value; 500,000,000 shares authorized; 59,542,212 and 58,443,212 shares issued and outstanding as of March 31, 2022 and 2021, respectively $ 59 $ 58    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001    
Common stock, authorized (in shares) 500,000,000 500,000,000    
Additional paid in capital $ 141,340 $ 104,672    
Retained earnings 426,563 208,628    
Accumulated other comprehensive loss (53,291) (36,046)    
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 514,671 277,312    
Non-controlling interest (6,996) (1,641)    
TOTAL SHAREHOLDERS' EQUITY 507,675 275,671 $ 129,037 $ 117,597
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2,971,283 2,100,322    
As previously reported        
ASSETS        
Cash and cash equivalents 625,547 698,828    
Restricted cash 553,680 437,958    
Trading securities 1,203,479 736,188    
Available-for-sale securities, at fair value 1 1    
Brokerage and other receivables, net 357,567 64,801    
Loans issued 94,797 11,667    
Deferred tax assets 12,018      
Fixed assets, net 21,365 18,385    
Intangible assets, net 5,791 9,785    
Goodwill 5,388 7,868    
Right-of-use asset 15,669 13,262    
Other assets, net 25,707 19,902    
Total assets held for sale 0 0    
Total assets 2,921,009 2,018,645    
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations 775,178 426,715    
Customer liabilities 1,417,937 1,163,697    
Trade payables 45,229 22,304    
Current income tax liability 14,556 14,843    
Securities sold, not yet purchased - at fair value 14,103 8,592    
Loans received 3,538 3,373    
Debt securities issued 99,027 68,443    
Lease liability 15,315 13,249    
Deferred income tax liabilities 0 4,385    
Deferred distribution payments 8,534 8,534    
Other liabilities 19,917 8,839    
Total liabilities held for sale 0 0    
TOTAL LIABILITIES 2,413,334 1,742,974    
Commitments and Contingent Liabilities (Note 30) 0 0    
SHAREHOLDERS' EQUITY        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding 0 0    
Common stock - $0.001 par value; 500,000,000 shares authorized; 59,542,212 and 58,443,212 shares issued and outstanding as of March 31, 2022 and 2021, respectively 59 58    
Additional paid in capital 141,340 104,672    
Retained earnings 426,563 208,628    
Accumulated other comprehensive loss (53,291) (36,046)    
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 514,671 277,312    
Non-controlling interest (6,996) (1,641)    
TOTAL SHAREHOLDERS' EQUITY 507,675 275,671    
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2,921,009 2,018,645    
Recast discontinued operations        
ASSETS        
Cash and cash equivalents (400,884) (530,811)    
Restricted cash (5,730) 52,733    
Trading securities (122,497) (148,642)    
Available-for-sale securities, at fair value 0 0    
Brokerage and other receivables, net (210,087) (15,283)    
Loans issued (2,394) (2,041)    
Deferred tax assets (11,161)      
Fixed assets, net (3,978) (2,814)    
Intangible assets, net (2,279) (5,883)    
Goodwill 0 (731)    
Right-of-use asset (8,922) (8,636)    
Other assets, net (7,213) (4,263)    
Total assets held for sale 825,419 748,048    
Total assets 50,274 81,677    
LIABILITIES AND SHAREHOLDERS' EQUITY        
Securities repurchase agreement obligations (32,468) (51,997)    
Customer liabilities (651,310) (491,872)    
Trade payables (147) (302)    
Current income tax liability 0 (644)    
Securities sold, not yet purchased - at fair value (238) (23)    
Loans received 0 0    
Debt securities issued (64,637) (37,094)    
Lease liability (8,530) (8,438)    
Deferred income tax liabilities 0 (378)    
Deferred distribution payments 0 0    
Other liabilities (4,874) (4,143)    
Total liabilities held for sale 812,478 676,568    
TOTAL LIABILITIES 50,274 81,677    
Commitments and Contingent Liabilities (Note 30) 0 0    
SHAREHOLDERS' EQUITY        
Preferred stock - $0.001 par value; $20,000,000 shares authorized, no shares issued or outstanding 0 0    
Common stock - $0.001 par value; 500,000,000 shares authorized; 59,542,212 and 58,443,212 shares issued and outstanding as of March 31, 2022 and 2021, respectively 0 0    
Additional paid in capital 0 0    
Retained earnings 0 0    
Accumulated other comprehensive loss 0 0    
TOTAL EQUITY ATTRIBUTABLE TO THE COMPANY 0 0    
Non-controlling interest 0 0    
TOTAL SHAREHOLDERS' EQUITY 0 $ 0    
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 50,274