XML 60 R40.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Of Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2020
Fair Value Of Financial Instruments [Abstract]  
Schedule Of Key Valuation Inputs Used To Measure Fair Value Of Investment In Cell C
Weighted Average Cost of Capital:Between 15% and 21% over the period of the forecast
Long term growth rate:3% (4,5% as of June 30, 2019)
Marketability discount:10%
Minority discount:15%
Net adjusted external debt - June 30, 2020:(1)ZAR 15,8 billion ($0,9 billion), includes R4,4 billion of lease liabilities
Net adjusted external debt - June 30, 2019:(2)ZAR 13,9 billion ($1,0 billion), includes R6,4 billion of lease liabilities
Deferred tax (incl, assessed tax losses) - June 30, 2020:(1)ZAR 2,9 billion ($167,3 million)
Deferred tax (incl, assessed tax losses) - June 30, 2019:(2)ZAR 2,9 billion ($205,9 million)

(1) translated from ZAR to U.S. dollars at exchange rates applicable as of June 30, 2020.

(2) translated from ZAR to U.S. dollars at exchange rates applicable as of June 30, 2019.

Schedule Of Impact On Carrying Value Of Cell C Investment
Sensitivity for fair value of Cell C investment3.0% increase(A)2.0% decrease(A)
WACC rate$-$1 680
EBITDA margin$2 528$-
Fair Value Of Assets And Liabilities Measured On Recurring Basis

The following table presents the Company’s assets measured at fair value on a recurring basis as of June 30, 2020, according to the fair value hierarchy:

Quoted Price in Active Markets for Identical Assets(Level 1)Significant Other Observable Inputs(Level 2)Significant Unobservable Inputs(Level 3)Total
Assets
Investment in Cell C$-$-$-$-
Related to insurance business:
Cash, cash equivalents and restricted cash (included in other long-term assets) 490--490
Fixed maturity investments (included in cash and cash equivalents)4 198--4 198
Total assets at fair value $4 688$-$-$4 688

Quoted Price in Active Markets for Identical Assets(Level 1)Significant Other Observable Inputs(Level 2)Significant Unobservable Inputs(Level 3)Total
Assets
Investment in Cell C$-$-$-$-
Related to insurance business
Cash and cash equivalents (included in other long-term assets)619--619
Fixed maturity investments (included in cash and cash equivalents)5 201--5 201
Total assets at fair value $5 820$-$-$5 820
Carrying Value Of Assets And Liabilities Measured On Recurring Basis
Carrying value
Assets
Balance as of June 30, 2019$-
Foreign currency adjustment(1)-
Balance as of June 30, 2020$-

(1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand and the U.S. dollar on the carrying value.

Carrying value
Assets
Balance as at June 30, 2018$172 948
Loss on fair value re-measurements(167 459)
Foreign currency adjustment(1)(5 489)
Balance as of June 30, 2019$-
Liabilities
Balance as at June 30, 2018$27 222
Accretion of interest1 848
Settlement of contingent consideration(27 626)
Foreign currency adjustment(1)(1 444)
Balance as of June 30, 2019$-

(1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand and the U.S. dollar on the carrying value.