CASH AND CASH EQUIVALENTS

6 Months Ended

Sep. 30, 2024

Cash and Cash Equivalents [Abstract]

As of September 30, 2024, and March 31, 2024, cash and cash equivalents consisted of the following:


	September 30, 2024		March 31, 2024

Short term deposits in National Bank (Kazakhstan)	$	185,925	$	196,942
Short term deposits in commercial banks	166,829		127,051
Securities purchased under reverse repurchase agreements	121,493		134,961
Petty cash in bank vault and on hand	43,375		22,613
Overnight deposits	28,295		3,557
Short term deposits on brokerage accounts	9,459		2,917
Cash in transit	8,574		9,633
Short term deposits in stock exchanges	5,071		47,830
Short term deposits in the Central Depository (Kazakhstan)	451		42
Allowance for Cash and cash equivalents	(293)		(462)
Total cash and cash equivalents	$	569,179	$	545,084

As of September 30, 2024, and March 31, 2024, total cash and cash equivalents included short-term collateralized securities received under reverse repurchase agreements which the Group concludes mainly on KASE. KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of September 30, 2024, and March 31, 2024 are presented below:


	September 30, 2024
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		Total
Securities purchased under reverse repurchase agreements
Corporate equity	12.96	%	73,001		73,001
Corporate debt	11.28	%	26,473		26,473
Non-US sovereign debt	5.86	%	12,801		$	12,801
US sovereign debt	8.88	%	9,218		9,218
Total			$	121,493	$	121,493


	March 31, 2024
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		Total
Securities purchased under reverse repurchase agreements
Corporate equity	14.57	%	$	96,647	$	96,647
US sovereign debt	4.77	%	16,885		16,885
Non-US sovereign debt	4.45	%	12,468		12,468
Corporate debt	5.31	%	8,961		8,961
Total			$	134,961	$	134,961

The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of September 30, 2024 and March 31, 2024, was $122,375 and $133,380, respectively.

As of September 30, 2024 and March 31, 2024, securities purchased under reverse repurchase agreements included accrued interest in the amount of $88 and $106, with a weighted average maturity of 4 days and 3 days, respectively. All securities reverse repurchase agreements transactions were executed on KASE.