ASSETS AND LIABILITIES HELD FOR SALE (Tables)

12 Months Ended

Mar. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of net gain on foreign exchange operations

As of March 31, 2022 and 2021, the major classes of assets and liabilities from discontinued operations included the following:

	March 31, 2022	March 31, 2021
Cash and cash equivalents	428,480	531,791
Restricted cash	28,406	27,594
Trading securities	122,497	148,642
Brokerage and other receivables, net	210,087	15,575
Loans issued	2,395	2,041
Other assets	33,554	22,405
Total assets held for sale	825,419	748,048
Customer liabilities	701,584	573,181
Debt securities issued	64,637	37,095
Securities repurchase agreement obligations	32,469	51,997
Other liabilities	13,788	14,295
Total liabilities held for sale	812,478	676,568

The results of operations for discontinued operations for the years ended March 31, 2022, 2021 and 2020, consist of the following:

	Year ended March 31, 2022	Year ended March 31, 2021	Year ended March 31, 2020
Fee and commission income	69,742	52,780	24,390
Net (loss)/gain on trading securities	(78,674)	20,275	6,591
Interest income	28,399	11,221	5,639
Net gain/(loss) on foreign exchange operations	(39,672)	2,285	2,027
Net gain/(loss) on derivative	—	39	(138)
Total revenue, net	(20,205)	86,600	38,509
Fee and commission expense	7,988	7,122	2,521
Interest expense	10,450	8,760	2,199
Operating expense	73,029	41,981	34,312
Provision for impairment losses	779	45	90
Other (income)/expense, net	4,748	174	345
Total expense	96,994	58,082	39,467
(Loss)/Income before income tax	(117,199)	28,518	(958)

The net cash flows from/(used in) operating and investing activities from discontinued operations for years ended March 31, 2022, 2021 and 2020, consist of the following:

	For The Years Ended
	March 31, 2022		March 31, 2021		March 31, 2020
Cash Flows (Used In)/From Operating Activities
Net (loss)/income from discontinued operations	$	(104,195)	$	21,783	$	(2,028)
Adjustments to reconcile net income from operating activities:
Depreciation and amortization	2,035		1,745		1,553
Noncash lease expense	4,932		3,826		3,570
Impairment of Freedom Bank RU goodwill	723		—		—
Impairment of Zerich goodwill	810		—		—
Loss on sale of fixed assets	—		—		201
Client base write-off	3,125		—		—
Change in deferred taxes	(12,634)		1,170		371
Stock compensation expense	7,887		1,033		2,202
Unrealized (gain)/loss on trading securities	51,652		(425)		(2,705)
Net change in accrued interest	354		(1,921)		396
Allowances/(recovery) for receivables	771		41		96
Changes in operating assets and liabilities:
Trading securities	(39,354)		(100,133)		(2,159)
Brokerage and other receivables	(218,852)		28,845		(30,967)
Other assets	(3,684)		(1,292)		(442)
Securities sold, not yet purchased – at fair value	239		23		—
Brokerage customer liabilities	198,608		392,855		70,146
Current income tax liability	(637)		658		—
Trade payables	(370)		230		(2,311)
Lease liabilities	(5,166)		(3,854)		(3,768)
Other liabilities	1,256		2,433		(10)
Net cash flows (used in)/from operating activities from discontinued operations	(112,500)		347,017		34,145
Cash Flows (Used In)/From Investing Activities
Purchase of fixed assets	(2,881)		(2,137)		(2,766)
Proceeds from sale of fixed assets	—		76		284
Purchase of intangible assets	(557)		—		—
Net change in loans issued to customers	(945)		(171)		(977)
Net cash flows (used in)/from investing activities from discontinued operations	(4,383)		(2,232)		(3,459)