| CASH AND CASH EQUIVALENTS |
CASH AND CASH EQUIVALENTS As of June 30, 2025, and March 31, 2025, cash and cash equivalents consisted of the following:
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June 30, 2025 |
|
March 31, 2025 |
| |
|
|
|
| Short term deposits in commercial banks |
$ |
227,014 |
|
|
$ |
262,345 |
|
| Short term deposits in National Bank (Kazakhstan) |
155,987 |
|
|
311,065 |
|
| Securities purchased under reverse repurchase agreements |
64,890 |
|
|
81,118 |
|
| Petty cash in bank vault and on hand |
57,914 |
|
|
59,533 |
|
| Short term deposits on brokerage accounts |
27,739 |
|
|
20,567 |
|
| Overnight deposits |
9,809 |
|
|
81,962 |
|
| Cash in transit |
9,081 |
|
|
10,546 |
|
| Short term deposits in National Bank (Tajikistan) |
7,592 |
|
|
7,647 |
|
| Short term deposits in stock exchanges |
6,219 |
|
|
2,391 |
|
| Short term deposits in the Central Depository (Kazakhstan) |
1,984 |
|
|
510 |
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|
|
|
|
|
|
|
|
|
|
|
| Allowance for Cash and cash equivalents |
(322) |
|
|
(382) |
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|
|
|
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| Total cash and cash equivalents |
$ |
567,907
|
|
|
$ |
837,302
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|
|
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As of June 30, 2025, and March 31, 2025, total cash and cash equivalents included short-term collateralized securities received under reverse repurchase agreements which the Group concludes mainly on the KASE. The KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of June 30, 2025, and March 31, 2025 are presented below:
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|
June 30, 2025 |
|
Interest rates and remaining contractual maturity of the agreements |
|
Average interest rate
|
|
Up to 30 days |
|
Total |
Securities purchased under reverse repurchase agreements
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|
|
|
|
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| Non-US sovereign debt |
13.19 |
% |
|
$ |
30,518 |
|
|
$ |
30,518 |
|
| Corporate equity |
12.66 |
% |
|
27,036 |
|
|
27,036 |
|
| Corporate debt |
8.08 |
% |
|
4,646 |
|
|
4,646 |
|
| US sovereign debt |
11.06 |
% |
|
2,690 |
|
|
2,690 |
|
| Total |
|
|
$ |
64,890
|
|
|
$ |
64,890
|
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|
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|
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|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
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 |
17.05 |
% |
|
$ |
58,202 |
|
|
|
$ |
58,202 |
|
| Corporate debt |
13.27 |
% |
|
16,644 |
|
|
|
16,644 |
|
| Non-US sovereign debt |
4.48 |
% |
|
4,436 |
|
|
|
4,436 |
|
| US sovereign debt |
16.75 |
% |
|
1,836 |
|
|
|
1,836 |
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| Total |
|
|
$ |
81,118
|
|
|
|
$ |
81,118
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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 June 30, 2025 and March 31, 2025, was $65,243 and $82,140, respectively.
As of June 30, 2025 and March 31, 2025, securities purchased under reverse repurchase agreements included accrued interest in the amount of $17 and $5, with a weighted average maturity of 1 day and 1 day, respectively. All securities repurchase agreements transactions were executed through the KASE.
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