Related Party Transactions

12 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Related Party Transactions

24. RELATED PARTY TRANSACTIONS

     As described in Note 3, the Company has acquired all of the outstanding and issued ordinary shares in Transact24 that it did not own in January 2016 and commenced consolidating Transact24 from that date. Transact24 had an existing relationship in place between itself and a company controlled by the spouse of Transact24's Managing Director at the time of the Transact24 acquisition. This arrangement therefore was also in place before the Managing Director became an executive officer of the Company. This relationship was disclosed to the Company during the due diligence process and has been considered by the Company's management to be critical to the ongoing operations of Transact24. The company controlled by the spouse of the managing director performs transaction processing and Transact24 provides technical and administration services to the company.

     The Company has recorded revenue of approximately $4.4 million and $4.2 million related to this relationship during the years ended June 30, 2018 and 2017, respectively, and approximately $1.9 million during the six months ended June 30, 2016. Transact24's Managing Director has an indirect interest in these transactions as a result of his relationship with his spouse, with an approximate value of $0.3 million and $1.6 million during the years ended June 30, 2018 and 2017, respectively and $0.1million during the six months ended June 30, 2016. The Company was due $0.2 million and $0.4 million, as of June 30, 2018 and 2017, respectively, related to the service provided by Transact24 and these amounts are included in accounts receivables, net as of June 30, 2018 and 2017.