FRHC 10-K Annual Report March 31, 2023 | Alphaminr
Freedom Holding Corp.

FRHC 10-K Fiscal year ended March 31, 2023

FREEDOM HOLDING CORP.
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TABLE OF CONTENTS
Part IItem 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. [reserved]Item 7. Management's Discussion and Analysis Of Financial Condition and Results Of OperationsItem 7A. Qualitative and Quantitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataNote 1 - Description Of BusinessNote 2 - Summary Of Significant Accounting PoliciesNote 3 - RecastNote 4 - Cash and Cash EquivalentsNote 5 - Restricted CashNote 6 - Trading and Available-for-sale Securities At Fair ValueNote 7 - Margin Lending, Brokerage and Other Receivables, NetNote 8 - Loans IssuedNote 9 - Income TaxesNote 10 - Fixed Assets, NetNote 11 - Intangible Assets, NetNote 12 - Other Assets, NetNote 13 - Securities Repurchase Agreement ObligationsNote 14 - Customer LiabilitiesNote 15 - Margin Lending and Trade PayablesNote 16 - Securities Sold, Not Yet Purchased - At Fair ValueNote 17 - Debt Securities IssuedNote 18 - Insurance Contracts Assets and Liabilities From Insurance ActivitiesNote 19 - Other LiabilitiesNote 20 - Fee and Commission IncomeNote 21 - Net Gain on Trading SecuritiesNote 22 - Net Interest Income/expenseNote 23 - Net Gain/(loss) on Foreign Exchange OperationsNote 24 - Net (loss)/gain on DerivativesNote 25 - Related Party TransactionsNote 26 - Stockholders' EquityNote 27 - Stock Based CompensationNote 28 - LeasesNote 29 - Acquisitions Of SubsidiariesNote 30 - Assets and Liabilities Held For SaleNote 31 - Commitments and ContingenciesNote 32 - Segment ReportingNote 33 - Subsequent EventsItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9 . Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions and Director IndependenceItem 14. Principal Accounting Fees and ServicesPart IVItem 15. Exhibits, Financial Statement SchedulesItem 16. Form 10-k Summary

Exhibits

3.01 Restated Articles of Incorporation of Freedom Holding Corp.(1) 3.02 By-Laws of Freedom Holding Corp. (as amended through February 4, 2019)(1) 4.01 Description ofRegistrantsSecuritiesRegistered under Section 12 of the Securities Exchange Act of 1934, as amended(2) 4.03 Guarantee Agreementdated August 10, 2021, between Freedom Holding Corp. and Freedom Finance SPC Ltd.in relation toU.S.$200,000,000 Bond Programof Freedom Finance SPC Ltd.(8)% 4.04 Offer Terms of the 5.5% Coupon US$66,000,000 Bonds Due October 21, 2026issued by Freedom Finance SPC Ltd.(9) 10.01 Freedom Holding Corp., 2019 Equity Incentive Plan(4) + 10.02 Employment contract dates February 1, 2021 between Freedom Finance Global PLC and Timur Turlov*+ 10.03 Agreement with Member of the Board of Directors dated July 24, 2020 Freedom Finance Global PLC and Askar Tashtitov*+ 10.04 Employment Agreement No. 18-107/1 dated November 1, 2018 between Freedom Finance Joint Stock Company and Askar Tashtitov(2)+%# 10.05 Supplementary Agreement to an Employment Contract No. 18-107/1 from 01 November 2018 between Freedom Finance Joint Stock Company and Askar Tashtitov(2)+%# 10.06 Agreement with Member of the Board of Directors dated July 24, 2020Freedom Finance Global PLC and Evgeniy Ler*+ 10.07 Agreement dated February 9, 2015 between Freedom Finance Joint Stock Company and Evgeniy Ler*+ 10.08 Supplementary Agreement dated January 25, 2016 to the Employment Contract No. 15-128 dated February 9, 2015 between Freedom Finance Joint Stock Company and Evgeniy Ler(2)+%# 10.09 Supplementary Agreement to an Employment Contract No. 15-128 from 09 February 2015 between Freedom Finance Joint Stock Company and Evgeniy Ler(2)+%# 10.10 Employment AgreementNo. 16-217 datedAugust 1,2016between Freedom Finance Joint Stock Companyand Renat Tukanov*+ 10.11 Employment contract datesSeptember14, 2020between Freedom Finance Global PLC andRenat Tukanov*+ 10.12 Offer of Employment, dated September 23, 2021, between Freedom Holding Corp. and Liudmila Kiriaku+ (11) 10.13 Employment contract datedFebruary 1, 2021 between Freedom Finance Global PLC andLiudmila Kiriaku*+ 10.14 Restricted Stock Award Agreement, effective May 18, 2021, between Freedom Holding Corp. and Renat Tukanov*+ 10.15 Restricted Stock Award Agreement, effective March 30, 2022, between Freedom Holding Corp. and Liudmila Kiriaku+(11) 10.16 Long Term Equity Incentive Compensation Agreement, effective May 18, 2021, between Freedom Holding Corp. and Askar Tashtitov(7)+ 10.17 Long Term Equity Incentive Compensation Agreement, effective May 18, 2021, between Freedom Holding Corp. and Evgeniy Ler(7)+ 10.18 Purchase and Sale Agreement of 100% Interest in Authorized Capital of Freedom Finance Investment Company Limited Liability Company dated October 17, 2022 between Freedom Holding Corp. and Mr. Maksim Sergeyevich Povalishin (Portions of this agreement have been redacted in compliance with Regulation S-K Item 601(b)(10))(10) 10.19 Membership Interest Purchase Agreement, effective February 15, 2023, between Freedom Holding Corp., Maxim Partners LLC, MJR Holdings, Inc., Wallace LLC, Michael Rabinowitz and Maxim Financial Advisors LLC* 14.01 Code of Ethics(5) 21.01 Schedule of Subsidiaries* 23.01 Consent of Independent Registered Public Accounting Firm(WSRP, LLC)* 23.02 Consent of Independent Registered Public Accounting Firm(Deloitte LLP)* 31.01 Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* 31.02 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* 32.01 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*