16. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The table below presents the change in accumulated other comprehensive (loss) income per component during years ended June 30, 2018, 2017 and 2016:

					Accumulated
					Net
					unrealized
		Accumulated			income (loss)
		Foreign			on asset
		currency			available for
		translation			sale, net of
		reserve			tax			Total
Balance as of July 1, 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	)
Movement in foreign currency translation reserve related to
equity accounted investment		(2,697	)		-			(2,697	)
Movement in foreign currency translation reserve		29,828			-			29,828
Balance as of June 30, 2017		(162,569	)		-			(162,569	)
Movement in foreign currency translation reserve related to
equity accounted investment		(2,426	)		-			(2,426	)
Unrealized gain on asset available for sale, net of tax of
$7,274		-			25,199			25,199
Movement in foreign currency translation reserve		(19,441	)		-			(19,441	)
Balance as of June 30, 2018	$	(184,436	)	$	25,199		$	(159,237	)

There were no reclassifications from accumulated other comprehensive loss to comprehensive (loss) income during the year ended June 30, 2018 and 2017, respectively. 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 the 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.