Segment Reporting

12 Months Ended

Dec. 31, 2023

Disclosure of operating segments [abstract]

Segment Reporting

5.Segment Reporting

The Group reports its business in three operating segments.

The following tables present the summary of each segments’ revenue and net income:

	2021		2022			2023
SEGMENT REVENUE		936,803		1,315,552			1,953,068
Payments		217,085		333,343			478,684
Marketplace		153,604		239,609			448,223
Fintech		566,114		745,023			1,026,721
Intergroup		-		(2,423	)		(560	)
NET INCOME		435,214		588,844			848,770
Payments		126,653		199,489			308,901
Marketplace		99,716		152,248			247,955
Fintech		208,845		237,107			291,914

Operating segments are identified based on how the Group manages the business on a day-to-day basis and the types of products and services provided. Operating segments are reported in a manner consistent with internal reports, which are reviewed and used by the management board (who are identified as Chief Operating Decision Makers, “CODM”). The operating performance measure of each operating segment is revenue and net income.

Costs and operating expenses that are deducted from revenue, include interest expenses (2021: KZT 171,491 million; 2022: KZT 278,676 million; 2023: KZT 478,010 million) and provision expenses (2021: KZT 34,383 million; 2022: KZT 55,210 million; 2023: KZT 79,634 million), both attributable to Fintech Segment, share-based compensation expenses and other expenses recognized across the segments.

Management believes that other segment expenses are not material for analysis of our ongoing operations.

Expenses associated with share-based compensation are recognized across the segments.

The following table presents the summary of share-based compensation expense by segments:

	2021			2022			2023
SHARE-BASED COMPENSATION		(20,057	)		(19,984	)		(20,859	)
Payments		(4,620	)		(5,946	)		(7,200	)
Marketplace		(1,934	)		(2,009	)		(2,335	)
Fintech		(13,503	)		(12,029	)		(11,324	)