XML 60 R40.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Of Financial Instruments (Tables)
 12 Months Ended
Jun. 30, 2021
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
24
% 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 - June 30, 2021:
(1)
ZAR
11.2
 
billion ($
0.8
 
billion), no lease liabilities included
Net adjusted external debt - June 30, 2020:
(2)
ZAR
15.8
 
billion ($
0.9
 
billion), includes ZAR
4.4
 
billion of lease liabilities
Deferred tax (incl, assessed tax losses) - June 30,
2020:
(2)
ZAR
2.9
 
billion ($
167.3
 
million)
(1) translated from ZAR to U.S. dollars at exchange rates applicable as of
 
June 30, 2021.
(2) translated from ZAR to U.S. dollars at exchange rates applicable as of
 
June 30, 2020.
Schedule Of Impact On Carrying Value Of Cell C Investment
Sensitivity for fair value of Cell C investment
3.0% increase
(A)
2.0% decrease
(A)
WACC
 
rate
$
-
$
3,055
EBITDA margin
$
4,873
$
-
Schedule Of Outstanding Foreign Exchange Contracts
Notional amount ('000)
Strike price
Fair market
Maturity
EUR
5.7
USD
1.1911
USD
1.1859
July 02, 2021
Fair Value Of Assets And Liabilities Measured On Recurring Basis
The following table presents the
 
Company’s assets measured
 
at fair value on a recurring basis as of
 
June 30, 2021, according to
the fair value hierarchy:
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)
 
381
-
-
381
Fixed maturity investments
(included in cash and cash
equivalents)
3,158
-
-
3,158
Total assets at fair value
 
$
3,539
$
-
$
-
$
3,539
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 June 30, 2021
$
-
(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.
Carrying value
Assets
Balance as at June 30, 2019
$
-
Foreign currency adjustment
(1)
-
Balance as of June 30, 2020
$
-
(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.