RESTATEMENT

3 Months Ended

Dec. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Restatement

RESTATEMENTIt was determined that there were errors in the Company's previously issued consolidated financial statements for the year ended March 31, 2022 related to the classification of loans issued, bank customer accounts and funds received under the Kazakhstan state program for financing of mortgage loans “7-20-25” within the Consolidated Statements of Cash Flows for the year ended March 31, 2022, Specifically, the Company identified that activities related to certain loans had been classified within "Cash flows from operating activities" and should have been classified within "Cash flows from investing activities", that activities related to bank customer accounts had been classified within "Cash flows from operating activities" and should have been classified within "Cash flows from financing activities", and that activities related to funds received under the Kazakhstan state program for financing of mortgage loans “7-20-25” had been classified within "Cash flows from operating activities" and should have been classified within "Cash flows from financing activities". The Company has evaluated the effect of the incorrect classifications

and concluded that restatement was necessary. The Company determined that the restatement did not have any impact on the Company’s operating performance or any per-share amounts.

The following tables summarize the impact of these corrections of errors for the nine months ended December 31, 2021, and 2020:

	For the nine months ended December 31, 2021
	As previously reported		Adjustments for discontinued operations		As recasted		Correction of errors		As restated
Net cash flows from operating activities	$	(582,080)	$	(34,465)	$	(616,545)	$	(21,090)	$	(637,635)
Net cash flows from investing activities	(6,110)		—		(6,110)		(34,709)		(40,819)
Net cash flows from financing activities	338,792		—		338,792		55,799		394,591
Effect of changes in foreign exchange rates on cash and cash equivalents	10,593		(1,998)		8,595		—		8,595
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	$	(238,805)	$	(36,463)	$	(275,268)	$	—	$	(275,268)

	For the nine months ended December 31, 2020
	As previously reported		Adjustments for discontinued operations		As recasted		Correction of errors		As restated
Net cash flows from operating activities	$	698,954	$	41,110	$	740,064	$	(135,487)	$	604,577
Net cash flows from investing activities	98,418		739		99,157		122		99,279
Net cash flows from financing activities	61,952		(576)		61,376		135,365		196,741
Effect of changes in foreign exchange rates on cash and cash equivalents	3,787		—		3,787		—		3,787
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	$	863,111	$	41,273	$	904,384	$	—	$	904,384

In addition, it was determined that in the Company's previously issued condensed consolidated financial statements for the three and nine months ended December 31, 2021 and 2020, interest income from margin lending to clients had been erroneously classified within fee and commission income from brokerage services. Such income has been reclassified to interest income as a separate sub-line item within interest income entitled interest income from margin lending to clients. The following

tables summarize the impact of corrections of the errors on the Condensed Consolidated Statements of Operations and Other Comprehensive Income for the periods presented:

	For the three months ended December 31, 2021
	As previously reported		Adjustments for discontinued operations		As restated		Correction of errors		As restated
Fee and commission income	$	122,237	$	(25,905)	$	96,332	$	(4,921)	91,411
Net gain on trading securities	403		6,611		7,014		—		7,014
Interest income	22,907		(3,029)		19,878		4,921		24,799
Net gain on foreign exchange operations	451		655		1,106		—		1,106
Net loss on derivative	(314)		—		(314)		—		(314)
TOTAL REVENUE, NET	$	145,684	$	(21,668)	$	124,016	$	—	$	124,016

	For the three months ended December 31, 2020
	As previously reported		Adjustments for discontinued operations		As restated		Correction of errors		As restated
Fee and commission income	$	74,333	$	(14,385)	$	59,948	$	(1,849)	58,099
Net gain on trading securities	18,944		(4,972)		13,972		—		13,972
Interest income	7,374		(3,999)		3,375		1,849		5,224
Net gain on foreign exchange operations	(1,413)		1,516		103		—		103
Net loss on derivative	995		(49)		946		—		946
TOTAL REVENUE, NET	$	100,233	$	(21,889)	$	78,344	$	—	$	78,344

	For the nine months ended December 31, 2021
	As previously reported		Adjustments for discontinued operations		As restated		Correction of errors		As restated
Fee and commission income	$	336,178	$	(65,251)	$	270,927	$	(8,212)	262,715
Net gain on trading securities	185,554		9,716		195,270		—		195,270
Interest income	61,047		(9,920)		51,127		8,212		59,339
Net gain on foreign exchange operations	885		2,888		3,773		—		3,773
Net loss on derivative	(1,028)		—		(1,028)		—		(1,028)
TOTAL REVENUE, NET	$	582,636	$	(62,567)	$	520,069	$	—	$	520,069

	For the nine months ended December 31, 2020
	As previously reported		Adjustments for discontinued operations		As restated		Correction of errors		As restated
Fee and commission income	$	171,949	$	(33,603)	$	138,346	$	(2,359)	135,987
Net gain on trading securities	36,330		(17,087)		19,243		—		19,243
Interest income	16,571		(7,168)		9,403		2,359		11,762
Net gain on foreign exchange operations	1,359		(1,217)		142		—		142
Net loss on derivative	149		(88)		61		—		61
TOTAL REVENUE, NET	$	226,358	$	(59,163)	$	167,195	$	—	$	167,195