| Schedule of Error Corrections and Prior Period Adjustments |
The following tables summarizes the impact of these correction of errors for the period presented for the years ended March 31, 2022, 2021 and 2020:
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For the year ended March 31, 2022 |
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As previously reported |
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Adjustments for discontinued operations |
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As recast |
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Correction of errors related to classification of loans and bank customer accounts |
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Correction of errors related to classification of funds received for financing mortgage loans |
|
As restated |
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| Net cash flows used in operating activities |
$ |
(347,988) |
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$ |
(30,183) |
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|
$ |
(378,171) |
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|
$ |
(57,960) |
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|
$ |
(6,876) |
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|
$ |
(443,007) |
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| Net cash flows used in investing activities |
(8,703) |
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|
146 |
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|
(8,557) |
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|
(90,298) |
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|
— |
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|
(98,855) |
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| Net cash flows from financing activities |
453,684 |
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|
(998) |
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|
452,686 |
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|
148,258 |
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|
6,876 |
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|
607,820 |
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| Effect of changes in foreign exchange rates on cash and cash equivalents |
(54,552) |
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|
— |
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|
(54,552) |
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— |
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— |
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|
(54,552) |
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| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |
$ |
42,441
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$ |
(31,035) |
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$ |
11,406
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$ |
—
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$ |
—
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|
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$ |
11,406
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For the year ended March 31, 2021 |
|
As previously reported |
|
Adjustments for discontinued operations |
|
As recast |
|
Correction of errors related to classification of loans and bank customer accounts |
|
As restated |
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| Net cash flows from operating activities |
$ |
565,299 |
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$ |
24,753 |
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$ |
590,052 |
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|
$ |
(55,615) |
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|
$ |
534,437 |
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| Net cash flows from investing activities |
97,040 |
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— |
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|
97,040 |
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|
(1,219) |
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|
95,821 |
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| Net cash flows from financing activities |
348,411 |
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|
(822) |
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|
347,589 |
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|
56,834 |
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|
404,423 |
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| Effect of changes in foreign exchange rates on cash and cash equivalents |
(3,769) |
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— |
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|
(3,769) |
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— |
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|
(3,769) |
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| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |
$ |
1,006,981
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$ |
23,931
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$ |
1,030,912
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$ |
—
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$ |
1,030,912
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For the year ended March 31, 2020 |
|
As previously reported |
|
Adjustments for discontinued operations |
|
As recast |
|
Correction of errors related to classification of loans and bank customer accounts |
|
As restated |
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| Net cash flows from operating activities |
$ |
44,271 |
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|
$ |
59,422 |
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$ |
103,693 |
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|
$ |
(21,071) |
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$ |
82,622 |
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| Net cash flows used in investing activities |
(10,854) |
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|
(131) |
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|
(10,985) |
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|
(8,778) |
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|
(19,763) |
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| Net cash flows from financing activities |
33,109 |
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|
(4,883) |
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|
28,226 |
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|
29,849 |
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|
58,075 |
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| Effect of changes in foreign exchange rates on cash and cash equivalents |
(25,141) |
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|
— |
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|
(25,141) |
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— |
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|
(25,141) |
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| NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |
$ |
41,385
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$ |
54,408
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$ |
95,793
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$ |
—
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$ |
95,793
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Year ended March 31, 2022 |
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As previously reported |
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Adjustments for discontinued operations |
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As recast |
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Correction of errors |
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As restated |
| Fee and commission income |
$ |
431,938 |
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$ |
(82,330) |
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$ |
349,608 |
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|
$ |
(14,164) |
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|
335,444 |
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| Net gain on trading securities |
77,671 |
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|
78,674 |
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|
156,345 |
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— |
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|
156,345 |
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| Interest income |
91,801 |
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|
(15,812) |
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|
75,989 |
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|
14,164 |
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|
90,153 |
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| Net gain on foreign exchange operations |
(37,693) |
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|
39,672 |
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|
1,979 |
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— |
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|
1,979 |
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| Net loss on derivative |
946 |
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— |
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|
946 |
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— |
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|
946 |
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| TOTAL REVENUE, NET |
$ |
564,663
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$ |
20,204
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$ |
584,867
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$ |
—
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$ |
584,867
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Year ended March 31, 2021 |
|
As previously reported |
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Adjustments for discontinued operations |
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As recast |
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Correction of errors |
|
As restated |
| Fee and commission income |
$ |
271,939 |
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|
$ |
(52,780) |
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$ |
219,159 |
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$ |
(3,163) |
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|
215,996 |
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| Net gain on trading securities |
46,186 |
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|
(20,275) |
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|
25,911 |
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— |
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|
25,911 |
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| Interest income |
30,873 |
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|
(11,221) |
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|
19,652 |
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|
3,163 |
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|
22,815 |
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| Net gain on foreign exchange operations |
3,428 |
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|
(2,285) |
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|
1,143 |
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— |
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|
1,143 |
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| Net loss on derivative |
125 |
|
|
(39) |
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|
86 |
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— |
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|
86 |
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| TOTAL REVENUE, NET |
$ |
352,551
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|
|
$ |
(86,600) |
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|
$ |
265,951
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|
$ |
—
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|
|
$ |
265,951
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|
Year ended March 31, 2020 |
|
As previously reported |
|
Adjustments for discontinued operations |
|
As recast |
|
Correction of errors |
|
As restated |
| Fee and commission income |
$ |
92,668 |
|
|
$ |
(26,281) |
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|
$ |
66,387 |
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|
$ |
(5,195) |
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|
61,192 |
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| Net gain on trading securities |
14,923 |
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|
(6,591) |
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|
8,332 |
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|
— |
|
|
8,332 |
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| Interest income |
12,134 |
|
|
(3,748) |
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|
8,386 |
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|
5,195 |
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|
13,581 |
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| Net gain on foreign exchange operations |
2,315 |
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|
(2,027) |
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|
288 |
|
|
— |
|
|
288 |
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| Net loss on derivative |
(138) |
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|
138 |
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— |
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— |
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— |
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| TOTAL REVENUE, NET |
$ |
121,902
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|
|
$ |
(38,509) |
|
|
$ |
83,393
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|
$ |
—
|
|
|
$ |
83,393
|
|
|