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Accumulated Other Comprehensive (Loss) Income
12 Months Ended
Jun. 30, 2023
Accumulated Other Comprehensive (Loss) Income [Abstract]  
Accumulated Other Comprehensive (Loss) Income
15.
 
ACCUMULATED OTHER
 
COMPREHENSIVE (LOSS) INCOME
The table below
 
presents the change
 
in accumulated other
 
comprehensive (loss) income
 
per component during
 
the years ended
June 30, 2023, 2022 and 2021:
Accumulated
foreign
currency
translation
reserve
Total
Balance as of July 1, 2020
$
(169,075)
$
(169,075)
Release of foreign currency translation reserve: the disposal of Bank Frick
 
(Note 9)
 
(2,462)
(2,462)
Release of foreign currency translation reserve: liquidation of subsidiaries
605
605
Movement in foreign currency translation reserve related to equity-accounted
investment
(1,967)
(1,967)
Movement in foreign currency translation reserve
 
27,178
27,178
Balance as of July 1, 2021
(145,721)
(145,721)
Release of foreign currency translation reserve: disposal of Finbond
 
equity securities
(Note 9)
 
587
587
Release of foreign currency translation reserve: liquidation of subsidiaries
468
468
Movement in foreign currency translation reserve related to equity-accounted
investment
1,239
1,239
Movement in foreign currency translation reserve
 
(25,413)
(25,413)
Balance as of July 1, 2022
(168,840)
(168,840)
Release of foreign currency translation reserve: disposal of Finbond
 
equity securities
(Note 9)
 
362
362
Movement in foreign currency translation reserve related to equity
 
-accounted
investment
3,935
3,935
Movement in foreign currency translation reserve
 
(31,183)
(31,183)
Balance as of June 30, 2023
$
(195,726)
$
(195,726)
During
 
the
 
year
 
ended
 
June
 
30,
 
2023,
 
the
 
Company
 
reclassified
 
$
0.4
 
million
 
from
 
accumulated
 
other
 
comprehensive
 
loss
(accumulated foreign currency translation reserve) to net loss related to the disposal of shares in Finbond (refer to Note 9). During the
year ended
 
June 30, 2022,
 
the Company
 
reclassified $
0.6
 
million from
 
accumulated other comprehensive
 
loss (accumulated foreign
currency translation reserve)
 
to net loss related to the
 
disposal of shares in Finbond
 
(refer to Note 9). During
 
the year ended June 30,
2021, the
 
Company reclassified
 
the following
 
amounts from
 
accumulated other
 
comprehensive loss
 
(accumulated foreign
 
currency
translation reserve) to
 
net loss: $
2.5
 
million related to
 
the disposal of Bank
 
Frick (refer to Note
 
9) and (ii) $
0.6
 
million related to the
liquidation of subsidiaries.