Freedom Holding Corp. Annual report pursuant to Section 13 and 15(d)

22. Net Interest Income/(Expense)

12 Months Ended

Mar. 31, 2018

	Year ended March 31, 2018			Year ended March 31, 2017 (Recast)

*Interest income:*
Interest income on financial assets recorded at amortized cost comprises:

Interest income on reverse repurchase agreements and amounts due from banks	$	3,089		$	655
Interest income on loans to customers		55			5

Total interest income on financial assets recorded at amortized cost	$	3,144		$	660

Interest income on financial assets recorded at fair value through profit or loss comprises:

Interest income on trading securities	$	5,040		$	1,346

Total interest income on financial assets recorded at fair value through profit or loss		5,040			1,346

Total interest income	$	8,184		$	2,006


*Interest expense:*
Interest expense on financial liabilities recorded at amortized cost comprises:

Interest expense on securities repurchase agreements	$	13,268		$	3,518
Interest expense on debt securities issued		707			202
Interest expense on customer accounts and deposits		244			33
Interest expense on loans received		25			54

Total interest expense on financial liabilities recorded at amortized cost		14,244			3,807

Total interest expense	$	14,244		$	3,807

Net interest expense	$	(6,060	)	$	(1,801	)