Annual report pursuant to Section 13 and 15(d)

CASH AND CASH EQUIVALENTS

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CASH AND CASH EQUIVALENTS
 12 Months Ended
Mar. 31, 2024
Cash and Cash Equivalents [Abstract]  
CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS
March 31, 2024 March 31, 2023
Short term deposits in National Bank (Kazakhstan) $ 196,942  $ 357,454 
Securities purchased under reverse repurchase agreements 134,961  29,812 
Short term deposits in commercial banks 127,051  83,755 
Short term deposits in stock exchanges 47,830  31,691 
Petty cash in bank vault and on hand 22,613  35,998 
Cash in transit 9,633  3,364 
Overnight deposits 3,557  1,926 
Short term deposits on brokerage accounts 2,917  37,417 
Short term deposits in the Central Depository (Kazakhstan) 42  — 
Allowance for Cash and cash equivalents (462) — 
Total cash and cash equivalents $ 545,084  $ 581,417 
As of March 31, 2024 and 2023 cash and cash equivalents balance included short-term collateralized securities received under reverse repurchase agreements which the Group concludes mainly on KASE. KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of March 31, 2024 and 2023 are presented below:
March 31, 2024
Interest rates and remaining contractual maturity of the agreements
Average
interest rate		 Up to 30
days		 Total
Securities purchased under reverse repurchase agreements
Corporate equity 14.57  % $ 96,647  $ 96,647 
US sovereign debt 4.77  % 16,885  16,885 
Non-US sovereign debt 4.45  % 12,468  12,468 
Corporate debt 5.31  % 8,961  8,961 
Total $ 134,961  $ 134,961 
March 31, 2023
Interest rates and remaining contractual maturity of the agreements
Average
interest rate
 Up to 30
days		 30-90
days		 Total
Securities purchased under reverse repurchase agreements
US sovereign debt 2.06  % $ 17,102  $ —  $ 17,102 
Corporate equity 17.17  % 6,963  —  6,963 
Non-US sovereign debt
 6.12  % 3,483  —  3,483 
Corporate debt 2.52  % 2,079  185  2,264 
Total $ 29,627  $ 185  $ 29,812 
The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of March 31, 2024 and 2023, was $133,380 and $31,165 respectively.
As of March 31, 2024 and March 31, 2023, securities purchased under reverse repurchase agreements included accrued interest in the amount of $106 and $11, with a weighted average maturity of 3 days and 9 days, respectively. All securities repurchase agreements transactions were executed through the KASE.