Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES (Tables)

v3.23.1
ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES (Tables)
 3 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisitions, by Acquisition
As of the acquisition date by Timur Turlov, the fair value of Freedom Life was $12,076. The total purchase price was allocated as follows:
Purchase price allocation
As of February 28, 2018
ASSETS
Cash and cash equivalents $ 3,494 
Due from banks 2,514 
Loans issued 2 
Other assets 1,671 
Assets from insurance activity 3,729 
Deferred acquisition costs 542 
Available-for-sale securities, at fair value 15,842 
Fixed assets 171 
Intangible assets 5,823 
Deferred tax assets 141 
TOTAL ASSETS $ 33,929 
Deferred income tax liabilities 47 
Other liabilities 139 
Liabilities from insurance activity 21,667 
TOTAL LIABILITIES $ 21,853 
Net assets acquired $ 12,076 
Goodwill 526 
Total purchase price $ 7,009 
Fair value of non-controlling interest at acquisition 5,593 
As of the acquisition date by Timur Turlov, the fair value of Freedom Insurance was $4,101. The total purchase price was allocated as follows:
Purchase price allocation
As of August 22, 2018
ASSETS:
Cash and cash equivalents $ 1,224 
Due from banks 1,041 
Other assets 17 
Assets from insurance activity 45 
Current income tax asset 5 
Available-for-sale securities, at fair value 1,846 
Fixed assets 2 
Intangible assets 207 
Deferred tax assets 2 
TOTAL ASSETS $ 4,389 
LIABILITIES:
Other liabilities 214 
Liabilities from insurance activity 74 
TOTAL LIABILITIES $ 288 
Net assets acquired $ 4,101 
Goodwill 187 
Total purchase price $ 4,288