15. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The table below presents the change in accumulated other comprehensive (loss) income per component during years ended June 30, 2016, 2015 and 2014:

					Accumulated
					Net
					unrealized
		Accumulated			income (loss)
		Foreign			on asset
		currency			available for
		translation			sale, net of
		reserve			tax			Total
	'	000		'	000		'	000
Balance as of July 1, 2013	$	(101,188	)	$	330		$	(100,858	)
Movement in foreign currency translation reserve		13,552			-			13,552
Release of foreign currency translation reserve related to sale/
liquidation of businesses		4,277			-			4,277
Unrealized gain on asset available for sale, net of tax of $112		-			288			288
Balance as of June 30, 2014		(83,359	)		618			(82,741	)
Movement in foreign currency translation reserve		(56,862	)		-			(56,862	)
Unrealized gain on asset available for sale, net of tax of $97		-			422			422
Balance as of June 30, 2015		(140,221	)		1,040			(139,181	)
Movement in foreign currency translation reserve		(49,479	)		-			(49,479	)
Unrealized gain on asset available for sale, net of tax of $159		-			692			692
Release of gain on asset available for sale, net of taxes of $444		-			(1,732	)		(1,732	)
Balance as of June 30, 2016	$	(189,700	)	$	-		$	(189,700	)

The Company released a gain of approximately $2.2 million from its accumulated net unrealized income (loss) on asset available for sale, net of tax, to selling, general and administration expense and related taxes of $0.4 million to income tax expense on its consolidated statement of operations during the year ended June 30, 2016, as a result of change in accounting for Finbond to the equity method (see also Note 7). There were no other reclassifications from accumulated other comprehensive loss to comprehensive (loss) income during the year ended June 30, 2016. There were no reclassifications from accumulated other comprehensive loss to comprehensive (loss) income during the year ended June 30, 2015. The Company released a net loss of 4.3 million from its foreign currency translation reserve to selling, general and administration expense on its consolidated statement of operations during the year ended June 30, 2014, as a result of the sale and liquidation of certain subsidiaries (see also Note 19). There were no other reclassifications from accumulated other comprehensive loss to comprehensive (loss) income during the year ended June 30, 2014.