Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 237

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 237
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 FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 163

As of October 17, 2024 ASSETS Cash and cash equivalents 38 Margin lending, brokerage and other receivables, net 84 Fixed assets, net 1,890 Intangible assets 1,128 Other assets, net 83 TOTAL ASSETS 3,223 LIABILITIES Margin lending and trade payables 24 Current income tax liability 30 Other liabilities 1,085 TOTAL LIABILITIES 1,139 Net assets acquired 2,084 Goodwill 727 Total purchase price 2,811 NOTE 28 - COMMITMENTS AND CONTINGENCIES Legal, regulatory and governmental matters The Group is involved in various claims and legal proceedings that arise in the normal course of business. The Company recognizes a liability when a loss is considered probable and the amount can be reasonably estimated. If a material loss contingency is reasonably possible but not probable, the Company does not record a liability but discloses the nature and amount of the claim, as well as an estimate of the potential loss, if such an estimate can be determined. Legal fees are recorded as expenses when incurred. While the Company does not anticipate that the resolution of any current claims or proceedings will significantly impact its financial position, an adverse outcome in some or all of these cases could materially affect the Company's results of operations or cash flows for specific periods. For many of the matters involving the Company, particularly those in early stages, we cannot reasonably estimate the reasonably possible loss (or range of loss), if any. In addition, the ultimate outcome of legal proceedings involves judgments and inherent uncertainties and cannot be predicted with certainty. This assessment is based on the Company's current understanding of relevant facts and circumstances, and the Company's perspective on these matters may evolve with future developments. The Company accounts for potential losses related to litigation in accordance with FASB ASC Topic 450, "Contingencies" As of March 31, 2025 and 2024, accruals for potential losses related to legal, regulatory and governmental actions and proceedings were not material. Einride arbitration case In January 2025, Einride AB, a limited liability company based in Stockholm, Sweden, specializing in electric and self- driving vehicle technologies ("Einride"), filed a request for arbitration and statement of claim with the SCC Arbitration Institute against the Company