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Fair Value Of Financial Instruments (Tables)
 3 Months Ended
Sep. 30, 2019
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 20% over the period of the forecast  
Long term growth rate: 4.0% (4.5% as of June 30, 2019)  
Marketability discount: 10.0 %
Minority discount: 15.0 %
Net adjusted external debt – Sep 2019(1) : ZAR 14.8 billion ($982.7 million), includes R6.0 billion of leases liabilities  
Net adjusted external debt – Jun 2019(2) : ZAR 13.9 billion ($987.2 million), includes R6.4 billion of leases liabilities  
Deferred tax (incl. assessed tax losses –    
Sep 2019 (1) : ZAR 2.9 billion ($19.1 million)  
Deferred tax (incl. assessed tax losses –    
Jun 2019(2) : ZAR 2.9 billion ($20.6 million)  

 

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

(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 investment   1.5% increase(A)   1.5% decrease(A)
WACC rate $ - $ 4,709
EBITDA margin $ 3,151 $ -

 

(A) the carrying value of the Cell C investment is not impacted by a 1.0% increase or a 1.0%% decrease and therefore the impact of a 1.5% increase and a 1.5% decrease is presented.
Fair Value Of Assets And Liabilities Measured On Recurring Basis

 

    Quoted price in   Significant      
    active markets   other Significant    
    for identical   observable unobservable    
    assets   inputs inputs    
    (Level 1)   (Level 2) (Level 3)   Total
Assets              
Investment in Cell C $ - $ - $- $ -
Related to insurance business:              
Cash, cash equivalents and restricted cash              
(included in other long-term assets)   538   - -   538
Fixed maturity investments (included in              
cash and cash equivalents)   4,322   - -   4,322
Other   -   399 -   399
Total assets at fair value $ 4,860 $ 399 $- $ 5,259

 

 

    Quoted price in   Significant      
    active markets   other Significant    
    for identical   observable unobservable    
    assets   inputs inputs    
    (Level 1)   (Level 2) (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
Other   -   413 -   413
Total assets at fair value $ 5,820 $ 413 $- $ 6,233

 

 
Carrying Value Of Assets And Liabilities Measured On Recurring Basis

 

  Carrying value
Assets  
Balance as at June 30, 2019 $-
Foreign currency adjustment(1) -
Balance as of September 30, 2019 $-

 

 

    Carrying value  
Assets      
Balance as at June 30, 2018 $ 172,948  
Foreign currency adjustment   (5,113 )
Balance as of September 30, 2018 $ 167,835  
Liabilities      
Balance as at June 30, 2018 $ 27,222  
Accretion of interest   422  
Foreign currency adjustment(1)   (805 )
Balance as of September 30, 2018 $ 26,839  

 

(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.