Quarterly report pursuant to Section 13 or 15(d)

TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)

v3.20.2
TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)
6 Months Ended
Sep. 30, 2020
TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE  
Schedule of trading securities

 

 

September 30,

2020

 

 

March 31,

2020

 

 

 

 

 

 

 

 

Debt securities

 

$ 248,409

 

 

$ 87,014

 

Equity securities

 

 

63,422

 

 

 

69,530

 

Mutual investment funds

 

 

1

 

 

 

-

 

Total trading securities

 

$ 311,832

 

 

$ 156,544

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$ 1

 

 

$ 1

 

Certificate of deposit

 

 

-

 

 

 

5,076

 

Mutual investment funds

 

 

-

 

 

 

672

 

Debt securities

 

 

-

 

 

 

405

 

Preferred shares

 

 

-

 

 

 

284

 

Total available-for-sale securities, at fair value

 

$ 1

 

 

$ 6,438

 

Schedule of Fair Value Measurements of Assets

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

September 30, 2020 using

 

 

 

September 30,

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

 

2020

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities

 

$ 248,409

 

 

$ 248,409

 

 

$ -

 

 

$ -

 

Equity securities

 

 

63,422

 

 

 

51,812

 

 

 

-

 

 

 

11,610

 

Mutual investment funds

 

 

1

 

 

 

1

 

 

 

-

 

 

 

-

 

Total trading securities

 

$ 311,832

 

 

$ 300,222

 

 

$ -

 

 

$ 11,610

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$ 1

 

 

$ -

 

 

$ -

 

 

$ 1

 

Total available-for-sale securities, at fair value

 

$ 1

 

 

$ -

 

 

$ -

 

 

$ 1

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

March 31, 2020 using

 

 

 

March 31,

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

 

 2020

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities

 

$ 87,014

 

 

$ 87,014

 

 

$ -

 

 

$ -

 

Equity securities

 

 

69,530

 

 

 

58,271

 

 

 

-

 

 

 

11,259

 

Total trading securities

 

$ 156,544

 

 

$ 145,285

 

 

$ -

 

 

$ 11,259

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

$ 1

 

 

$ -

 

 

$ -

 

 

$ 1

 

Debt securities

 

 

405

 

 

 

-

 

 

 

405

 

 

 

-

 

Certificate of deposit

 

 

5,076

 

 

 

-

 

 

 

5,076

 

 

 

-

 

Mutual investment funds

 

 

672

 

 

 

672

 

 

 

-

 

 

 

-

 

Preferred shares

 

 

284

 

 

 

-

 

 

 

284

 

 

 

-

 

Total available-for-sale securities, at fair value

 

$ 6,438

 

 

$ 672

 

 

$ 5,765

 

 

$ 1

 

Schedule of Significant unobservable inputs relevant to determination of fair value

Type

 

Valuation Technique

 

FV as of September 30, 2020

 

 

FV as of March 31, 2020

 

 

Significant Unobservable Inputs

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

DCF

 

$ 11,259

 

 

$ 11,259

 

 

Discount rate

 

 

9.50 %

 

 

 

 

 

 

 

 

 

 

 

 

Estimated number of years

 

9 years

 

Equity securities

 

DCF

 

$ 351

 

 

 

-

 

 

Discount rate

 

 

20.3 %

 

 

 

 

 

 

 

 

 

 

 

 

Estimated number of years

 

10 years

 

Schedule of investments

 

 

Trading

securities

 

 

Available-for-sale securities

 

Balance as of March 31, 2020

 

$ 11,259

 

 

$ 1

 

 

 

 

 

 

 

 

 

 

Sale of investments that use Level 3 inputs

 

 

(2 )

 

 

-

 

Purchase of investments that use Level 3 inputs

 

 

374

 

 

 

-

 

Revaluation of investments that use Level 3 inputs

 

 

(21 )

 

 

-

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2020

 

$ 11,610

 

 

$ 1

 

 

 

 

Trading

securities

 

 

Available-for-sale securities

 

Balance as of March 31, 2019

 

504

 

 

1

 

 

 

 

 

 

 

 

Sale of investments that use Level 3 inputs

 

 

(497 )

 

 

-

 

Purchase of investments that use Level 3 inputs

 

 

10,430

 

 

 

-

 

Revaluation of investments that use Level 3 inputs

 

 

829

 

 

 

-

 

Foreign currency translation

 

 

(7 )

 

 

-

 

 

 

 

 

 

 

 

Balance as of March 31, 2020

 

11,259

 

 

1

 

Fair value of available for sale securities

 

 

Trading

securities

 

 

Available-for-sale securities

 

Balance as of March 31, 2020

 

$ 11,259

 

 

$ 1

 

 

 

 

 

 

 

 

 

 

Sale of investments that use Level 3 inputs

 

 

(2 )

 

 

-

 

Purchase of investments that use Level 3 inputs

 

 

374

 

 

 

-

 

Revaluation of investments that use Level 3 inputs

 

 

(21 )

 

 

-

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2020

 

$ 11,610

 

 

$ 1

 

 

 

 

Trading

securities

 

 

Available-for-sale securities

 

Balance as of March 31, 2019

 

504

 

 

1

 

 

 

 

 

 

 

 

Sale of investments that use Level 3 inputs

 

 

(497 )

 

 

-

 

Purchase of investments that use Level 3 inputs

 

 

10,430

 

 

 

-

 

Revaluation of investments that use Level 3 inputs

 

 

829

 

 

 

-

 

Foreign currency translation

 

 

(7 )

 

 

-

 

 

 

 

 

 

 

 

Balance as of March 31, 2020

 

11,259

 

 

1

 

 

 

September 30, 2020

 

 

 

Assets measured at amortized cost

 

 

Unrealized loss accumulated in other comprehensive income/(loss)

 

 

Assets

measured at

fair value

 

 

 

 

 

 

 

Equity securities

 

$ 1

 

 

$ -

 

 

$ 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2020

 

$ 1

 

 

$ -

 

 

$ 1

 

 

 

 

March 31, 2020

 

 

 

Assets measured at amortized cost

 

 

Unrealized loss accumulated in other comprehensive income/(loss)

 

 

Assets

measured at

fair value

 

 

 

 

 

 

 

Certificate of deposit

 

$ 5,050

 

 

$ 26

 

 

$ 5,076

 

Mutual investment funds

 

 

696

 

 

 

(24 )

 

 

672

 

Debt securities

 

 

456

 

 

 

(51 )

 

 

405

 

Preferred shares

 

 

306

 

 

 

(22 )

 

 

284

 

Equity securities

 

 

1

 

 

 

-

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2020

 

$ 6,509

 

 

$ (71 )

 

$ 6,438