Accumulated Other Comprehensive Loss

9 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

12.Accumulated other comprehensive loss

The table below presents the change in accumulated other comprehensive (loss) income per component during the three months ended March 31, 2021:

			Three months ended
			March 31, 2021
				Accumulated foreign currency translation reserve		Total
Balance as of January 1, 2021			$	(141,242)	$	(141,242)
	Release of foreign currency translation reserve related to the disposal of Bank Frick (Note 6)			(2,462)		(2,462)
	Movement in foreign currency translation reserve			(2,470)		(2,470)
		Balance as of March 31, 2021	$	(146,174)	$	(146,174)

12.Accumulated other comprehensive loss (continued)

The table below presents the change in accumulated other comprehensive (loss) income per component during the three months ended March 31, 2020:

			Three months ended
			March 31, 2020
				Accumulated foreign currency translation reserve		Total
Balance as of January 1, 2020			$	(190,978)	$	(190,978)
	Release of foreign currency translation reserve related to Net1 Korea disposal (Note 2)			14,228		14,228
	Movement in foreign currency translation reserve			(41,212)		(41,212)
		Balance as of March 31, 2020	$	(217,962)	$	(217,962)

The table below presents the change in accumulated other comprehensive (loss) income per component during the nine months ended March 31, 2021:

			Nine months ended
			March 31, 2021
				Accumulated foreign currency translation reserve		Total
Balance as of July 1, 2020			$	(169,075)	$	(169,075)
	Release of foreign currency translation reserve related to disposal of Bank Frick (Note 6)			(2,462)		(2,462)
	Movement in foreign currency translation reserve related to equity-accounted investment			1,688		1,688
	Movement in foreign currency translation reserve			23,675		23,675
		Balance as of March 31, 2021	$	(146,174)	$	(146,174)

The table below presents the change in accumulated other comprehensive (loss) income per component during the nine months ended March 31, 2020:

			Nine months ended
			March 31, 2020
				Accumulated foreign currency translation reserve		Total
Balance as of July 1, 2019			$	(195,812)	$	(195,812)
	Release of foreign currency translation reserve related to Net1 Korea disposal (Note 2)			14,228		14,228
	Release of foreign currency translation reserve related to FIHRST disposal (Note 2)			1,578		1,578
	Movement in foreign currency translation reserve related to equity-accounted investment			2,227		2,227
	Movement in foreign currency translation reserve			(40,183)		(40,183)
		Balance as of March 31, 2020	$	(217,962)	$	(217,962)

During the three and nine months ended March 31, 2021, the Company reclassified $2.5 million from accumulated other comprehensive loss (accumulated foreign currency translation reserve) to net loss related to the disposal of Bank Frick (refer to Note 6). During the three months ended March 31, 2020, the Company reclassified $14.2 million from accumulated other comprehensive loss (accumulated foreign currency translation reserve) to net gain related to the disposal of Net1 Korea (refer to Note 2). During the nine months ended March 31, 2020, the Company reclassified $14.2 million and $1.6 million from accumulated other comprehensive loss (accumulated foreign currency translation reserve) to net gain (loss) related to the disposal of Net1 Korea and FIHRST, respectively (refer to Note 2).