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Income Taxes (Tables)
12 Months Ended
Jun. 30, 2021
Income Tax [Abstract]  
Components Of Income Before Income Taxes
2021
2020
2019
South Africa
$
(30,825)
$
(26,230)
$
(273,265)
United States
(6,686)
(8,984)
(23,479)
Liechtenstein
(810)
(17,519)
-
Other
32,702
(12,283)
(22,699)
Loss before income taxes
$
(5,619)
$
(65,016)
$
(319,443)
Provision For Income Taxes By Location Of Taxing Jurisdiction
2021
2020
2019
Current income tax expense (benefit)
$
859
$
1,652
$
4,789
South Africa
866
1,552
3,689
United States
(75)
12
1,100
Other
68
88
-
Deferred taxation charge (benefit)
6,691
932
(8,917)
South Africa
(2,039)
653
(8,538)
United States
9,136
-
4
Other
(406)
279
(383)
Foreign tax credits generated – United States
10
72
(944)
Income tax provision (benefit)
$
7,560
$
2,656
$
(5,072)
Reconciliation Of Income Taxes
2021
2020
2019
Income taxes at fully-distributed South African tax rates
28.00
%
28.00
%
28.00
%
Movement in valuation allowance
(250.16)
%
1.64
%
(22.98)
%
Non-deductible items
(58.40)
%
(10.38)
%
(3.33)
%
Foreign tax rate differential
51.21
%
(4.17)
%
(0.07)
%
Capital gains differential
93.03
%
(1.59)
%
(1.46)
%
Prior year adjustments
1.77
%
(0.01)
%
(0.03)
%
Release from FCTR
-
 
-
 
(14.65)
%
-
 
-
 
Subpart F inclusions
-
 
-
 
(2.85)
%
-
 
-
 
Foreign tax credits
-
 
-
 
(0.08)
%
0.35
%
Taxation on deemed
 
dividends in the United States
-
 
-
 
-
 
-
 
1.45
%
Transition Tax
-
 
-
 
-
 
-
 
(0.34)
%
Income tax provision
(134.55)
%
(4.09)
%
1.59
%
Schedule Of Deferred Tax Assets And Liabilities
June 30,
June 30,
2021
2020
Total
 
deferred tax assets
Capital losses related to investments
$
47,518
$
36,721
Net operating loss carryforwards
36,329
32,459
Foreign tax credits
32,737
32,799
Provisions and accruals
2,123
3,936
FTS patent
163
181
Other
654
815
Total
 
deferred tax assets before valuation allowance
119,524
106,911
Valuation
 
allowances
(118,777)
(106,433)
Total
 
deferred tax assets, net of valuation allowance
747
478
Total
 
deferred tax liabilities:
Intangible assets
100
171
Investments
10,354
1,755
Other
87
53
Total
 
deferred tax liabilities
10,541
1,979
Reported as
Long-term deferred tax assets
622
358
Long-term deferred tax liabilities
10,415
1,859
Net deferred income tax liabilities
$
9,793
$
1,501
Movement In Valuation Allowance
Total
Capital losses
related to
investments
Net operating
loss carry-
forwards
Foreign tax
credits
Other
July 1, 2019
$
125,887
$
43,569
$
35,861
$
32,799
$
13,658
Charged to statement of operations
27,700
5,399
20,602
-
1,699
Reversed to statement of operations
(14,314)
(5,486)
(77)
-
(8,751)
Deconsolidation
(16,130)
-
(15,830)
-
(300)
Utilized
(3,896)
-
(3,632)
-
(264)
Foreign currency adjustment
(12,814)
(6,761)
(4,651)
-
(1,402)
June 30, 2020
106,433
36,721
32,273
32,799
4,640
Charged to statement of operations
16,376
3,532
13,264
-
(420)
Reversed to statement of operations
(14,840)
-
(13,687)
(62)
(1,091)
Utilized
(1,422)
-
(135)
-
(1,287)
Foreign currency adjustment
12,230
7,265
4,555
-
410
June 30, 2021
$
118,777
$
47,518
$
36,270
$
32,737
$
2,252
Schedule Of Net Operating Loss Carryforwards
Year
 
of expiration
 
U.S. net
operating loss
carry
forwards
2024
$
775