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Accumulated Other Comprehensive (Loss) Income
12 Months Ended
Jun. 30, 2024
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, 2024, 2023 and 2022:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
foreign
currency
translation
reserve
Total
Balance as of July 1, 2021
$
(145,721)
$
(145,721)
Release of foreign currency translation reserve: liquidation of subsidiaries
468
468
Release of foreign currency translation reserve: disposal of Finbond
 
equity securities
(Note 9)
 
587
587
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 June 30, 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)
Release of foreign currency translation reserve: disposal of Finbond
 
equity securities
(Note 9)
 
1,543
1,543
Release of foreign currency translation reserve: liquidation of subsidiaries
(952)
(952)
Movement in foreign currency translation reserve related to equity-accounted
investment
489
489
Movement in foreign currency translation reserve
 
6,291
6,291
Balance as of June 30, 2024
$
(188,355)
$
(188,355)
The movement in the
 
foreign currency translation reserve represents
 
the impact of translation
 
of consolidated entities which have
a functional currency (which is primarily ZAR) to the Company’s
 
reporting currency, which is USD.
During
 
the
 
year
 
ended
 
June
 
30,
 
2024,
 
the
 
Company
 
reclassified
 
$
1.5
 
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).
 
The
Company
 
also
 
reclassified
 
a
 
gain
 
of
 
$
1.0
 
million
 
from
 
accumulated
 
other
 
comprehensive
 
loss
 
(accumulated
 
foreign
 
currency
translation reserve)
 
to net
 
loss related
 
to the
 
liquidation of
 
subsidiaries during
 
the year
 
ended June
 
30, 2024.
 
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).