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

Annual report pursuant to Section 13 and 15(d)

6. DISCONTINUED OPERATIONS AND SALE OF EMIR OIL (Tables)

6. DISCONTINUED OPERATIONS AND SALE OF EMIR OIL (Tables)

12 Months Ended

Mar. 31, 2013

Discontinued Operations And Sale Of Emir Oil Tables

Net assets sold	(290,726,156)

Tax effect of sale	3,977,385
Net sale value	159,601,000

Loss on sale of Emir Oil	$ (127,147,771)

Components Of Discontinued Operations

The components of discontinued operations for the years ended March 31, 2013 and 2012 were as follows:

	Year ended
	March 31, 2013	March 31, 2012

Revenue	$ -	$ 41,633,064

Operating expenses	-	(29,914,188)
Other income	-	180,838
Income tax expense	-	-

Income from discontinued operations	$ -	$ 11,899,714

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details