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Borrowings | 3 Months Ended
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Sep. 30, 2020
Borrowings [Abstract] |
Borrowings | 8.Borrowings Refer to Note 13 to the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2020, for additional information regarding its borrowings. Movement in short-term credit facilities Summarized below are the Company’s short-term facilities as of September 30, 2020, and the movement in the Company’s short-term facilities from as of June 30, 2020 to as of September 30, 2020, as well as the respective interest rates applied to the borrowings as of September 30, 2020:
|  |  |  |  |  |  | South Africa |  |  | Total |
|  |  |  |  |  | RMB |  | Nedbank |  |  |  |
| Short-term facilities available as of |  |  |  |  |  |  |  |  |
| September 30, 2020 | $ | 71,283 |  | $ | 26,731 |  | $ | 98,014 |
|  | Overdraft |  | - |  |  | 2,970 |  |  | 2,970 |
|  | Overdraft restricted as to use for ATM funding only |  | 71,283 |  |  | 14,851 |  |  | 86,134 |
|  | Indirect and derivative facilities |  | - |  |  | 8,910 |  |  | 8,910 |
| Interest rate, based on South African prime rate (%) |  | 7.00 |  |  |  |  |  |  |
| Interest rate, based on South African prime rate less 1.15%&"(%) |  |  |  |  | 5.85 |  |  |  |
| Movement in utilized overdraft facilities: |  |  |  |  |  |  |  |  |
|  | Balance as of June 30, 2020 |  | 14,756 |  |  | 58 |  |  | 14,814 |
|  |  | Utilized |  | 60,117 |  |  | 9,029 |  |  | 69,146 |
|  |  | Repaid |  | (68,039) |  |  | (8,811) |  |  | (76,850) |
|  |  | Foreign currency adjustment(1) |  | (153) |  |  | (231) |  |  | (384) |
|  |  |  | Balance as of September 30, 2020 |  | 6,681 |  |  | 45 |  |  | 6,726 |
|  |  |  |  | Restricted as to use for ATM funding only |  | 6,681 |  |  | 45 |  |  | 6,726 |
| Movement in utilized indirect and derivative |  |  |  |  |  |  |  |  |
| facilities: |  |  |  |  |  |  |  |  |
|  | Balance as of June 30, 2020(2) |  | - |  |  | 5,398 |  |  | 5,398 |
|  |  | Foreign currency adjustment(1) |  | - |  |  | 159 |  |  | 159 |
|  |  |  | Balance as of September 30, 2020(2) | $ | - |  | $ | 5,557 |  | $ | 5,557 |
(1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar.(2) As of September 30, 2020 and June 30, 2020, the Company had utilized approximately ZAR 93.6 million ($5.6 million) and ZAR 93.6 million ($5.4 million), respectively, of its indirect and derivative facilities of ZAR 150 million to enable the bank to issue guarantees, letters of credit and forward exchange contracts, in order for the Company to honor its obligations to third parties requiring such guarantees (refer to Note 19).

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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