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

INTANGIBLE ASSETS, NET

12 Months Ended

Mar. 31, 2021

NOTE 10 - INTANGIBLE ASSETS, NET

Intangible assets, net of the Company is comprised of the following:

	March 31, 2021			March 31, 2020

Client base	$	6,324		$	2,185
Software		3,693			1,622
Trading platform		2,610			2,543
Licenses		2,016			215

Less: Accumulated amortization		(4,858	)		(3,143	)

Total intangible assets	$	9,785		$	3,422

Amortization expense totaled $1,210 and $1,251 for the years ended March 31, 2021 and 2020, respectively.