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Fair Value Of Financial Instruments (Tables)
 3 Months Ended
Sep. 30, 2020
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 ("WACC"):

Between 16% and 21% over the period of the forecast

 

Long term growth rate:

3 % (3% as of June 30, 2020)

 

Marketability discount:

10%

 

Minority discount:

15%

 

Net adjusted external debt - September 30, 2020:(1)

ZAR 15.1 billion ($0.9 billion), includes R4.2 billion of lease liabilities

 

Net adjusted external debt - June 30, 2020:(2)

ZAR 15.8 billion ($0.9 billion), includes R4.4 billion of lease liabilities

 

Deferred tax (incl, assessed tax losses) - September 30, 2020:(1)

ZAR 2.9 billion ($172.3 million)

 

Deferred tax (incl, assessed tax losses) - June 30, 2020:(2)

ZAR 2.9 billion ($167.3 million)
Schedule Of Impact On Carrying Value Of Cell C Investment

 

Sensitivity for fair value of Cell C investment

 

2.0% increase(A)

 

2.0% decrease(A)

 

 

WACC rate

$

-

$

6,786

 

 

EBITDA margin

$

2,881

$

-

 
Fair Value Of Assets And Liabilities Measured On Recurring Basis

 

 

 

 

 

 

Quoted Price in Active Markets for Identical Assets

(Level 1)

 

 

Significant Other Observable Inputs

(Level 2)

 

 

Significant Unobservable Inputs

(Level 3)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Cell C

$

-

 

$

-

 

$

-

 

$

-

 

 

Related to insurance business:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash, cash equivalents and restricted cash (included in other long-term assets)

 

510

 

 

-

 

 

-

 

 

510

 

 

 

Fixed maturity investments (included in cash and cash equivalents)

 

1,758

 

 

-

 

 

-

 

 

1,758

 

 

 

Total assets at fair value

$

2,268

 

$

-

 

$

-

 

$

2,268

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Price in Active Markets for Identical Assets

(Level 1)

 

 

Significant Other Observable Inputs

(Level 2)

 

 

Significant Unobservable Inputs

(Level 3)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Cell C

$

-

 

$

-

 

$

-

 

$

-

 

 

Related to insurance business

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents (included in other long-term assets)

 

490

 

 

-

 

 

-

 

 

490

 

 

 

Fixed maturity investments (included in cash and cash equivalents)

 

4,198

 

 

-

 

 

-

 

 

4,198

 

 

 

 

Total assets at fair value

$

4,688

 

$

-

 

$

-

 

$

4,688

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Carrying Value Of Assets And Liabilities Measured On Recurring Basis

 

 

 

 

 

 

Carrying value

 

 

Assets

 

 

 

 

Balance as of June 30, 2020

$

-

 

 

 

Foreign currency adjustment(1)

 

-

 

 

 

 

Balance as of September 30, 2020

$

-

 

(1) The foreign currency adjustment represents the effects of the fluctuations between the ZAR, and the U.S. dollar on the carrying value.

 

 

 

 

 

 

Carrying value

 

 

Assets

 

 

 

 

Balance as at June 30, 2019

$

-

 

 

 

Foreign currency adjustment(1)

 

-

 

 

 

 

Balance as of September 30, 2019

$

-

 

(1) The foreign currency adjustment represents the effects of the fluctuations between the ZAR, and the U.S. dollar on the carrying value.