Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 192

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 192
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 difference(7)96 — — 89 Acquired— — — 37,957 37,957 Balance as of December 31, 2023$2,670 $2,748 $980 $45,840 $52,238 Balance as of March 31, 2024$2,688 $2,746 $1,040 $46,174 $52,648 Forex(157)(14)(155)(5,541)(5,867)Acquired— — — 1,436 1,436 Balance as of December 31, 2024$2,531 $2,732 $885 $42,069 $48,217 Accumulated impairmentBalance as of March 31, 2023$— $— $— $832 $832 Impairment expense— — — — — Write-off due to deconsolidation of Freedom UA— — — (832)(832)Balance as of December 31, 2023$— $— $— $— $— Balance as of March 31, 2024$— $— $— $— $— Impairment expense— — — — — Balance as of December 31, 2024$— $— $— $— $— Goodwill, net of impairmentBalance as of December 31, 2023$2,670 $2,748 $980 $45,840 $52,238 Balance as of March 31, 2024$2,688 $2,746 $1,040 $46,174 $52,648 Balance as of December 31, 2024$2,531 $2,732 $885 $42,069 $48,217 Recent accounting pronouncementsIn August 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018-12, Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts, as clarified and amended by (i) ASU 2019-09, Financial Services - Insurance (Topic 944): Effective Date, and (ii) AS