| CASH AND CASH EQUIVALENTS |
CASH AND CASH EQUIVALENTS As of June 30, 2026, and March 31, 2026, cash and cash equivalents consisted of the following:
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June 30, 2026 |
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March 31, 2026 |
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| Short term deposits in National Bank (Kazakhstan) |
$ |
344,493 |
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|
$ |
328,242 |
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| Short term deposits on brokerage accounts |
317,750 |
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|
5,621 |
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| Short term deposits in commercial banks |
271,416 |
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|
292,879 |
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| Overnight deposits |
252,881 |
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|
6,972 |
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| Petty cash in bank vault and on hand |
80,052 |
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|
97,595 |
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| Securities purchased under reverse repurchase agreements |
58,782 |
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|
207,893 |
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| Cash in transit |
15,586 |
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|
18,710 |
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| Short term deposits in stock exchanges |
6,980 |
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|
3,686 |
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| Short term deposits in National Bank (Tajikistan) |
2,684 |
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|
1,136 |
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| Short term deposits in the Central Depository (Kazakhstan) |
1,238 |
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|
3,904 |
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Other short term deposits and accounts |
213 |
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|
211 |
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| Allowance for Cash and cash equivalents |
(1,025) |
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|
(734) |
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| Total cash and cash equivalents |
$ |
1,351,050
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$ |
966,115
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As of June 30, 2026, and March 31, 2026, 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 June 30, 2026, and March 31, 2026 are presented below:
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June 30, 2026 |
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Interest rates and remaining contractual maturity of the agreements |
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Average interest rate
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Up to 30 days |
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Total |
Securities purchased under reverse repurchase agreements
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| Non-US sovereign debt |
4.93 |
% |
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$ |
46,615 |
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$ |
46,615 |
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| Corporate equity |
16.17 |
% |
|
9,625 |
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|
|
9,625 |
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| Corporate debt |
11.51 |
% |
|
2,542 |
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|
2,542 |
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| Total |
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$ |
58,782
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$ |
58,782
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March 31, 2026 |
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Interest rates and remaining contractual maturity of the agreements |
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Average interest rate
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Up to 30 days |
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Total |
| Securities purchased under reverse repurchase agreements |
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| Corporate equity |
17.78 |
% |
|
$ |
127,652 |
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|
$ |
127,652 |
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| Non-US sovereign debt |
13.15 |
% |
|
66,295 |
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|
66,295 |
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| Corporate debt |
7.79 |
% |
|
13,946 |
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|
13,946 |
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| Total |
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$ |
207,893
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$ |
207,893
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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, 2026 and March 31, 2026, was $58,965 and $207,846, respectively.
As of June 30, 2026 and March 31, 2026, securities purchased under reverse repurchase agreements included accrued interest in the amount of $143 and $107, with a weighted average maturity of 5 days and 1 day, respectively.
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