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Fair Value Of Financial Instruments (Tables)
3 Months Ended
Sep. 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 18% and 24% over the period of the forecast

 

 

Long term growth rate:

3% (3% as of June 30, 2021)

 

 

Marketability discount:

10%

 

 

Minority discount:

15%

 

 

Net adjusted external debt - September 30, 2021:(1)

ZAR 11.5 billion ($0.8 billion), no lease liabilities included

 

 

Net adjusted external debt - June 30, 2021:(2)

ZAR 11.2 billion ($0.8 billion), no lease liabilities included

 

(1) translated from ZAR to U.S. dollars at exchange rates applicable as of September 30, 2021.

(2) translated from ZAR to U.S. dollars at exchange rates applicable as of June 30, 2021.

Schedule Of Impact On Carrying Value Of Cell C Investment

 

Sensitivity for fair value of Cell C investment

 

4.2% increase

 

3.2% decrease

 

 

WACC rate

$

-

$

543

 

 

EBITDA margin

$

30

$

-

 

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

 

 

 

 

 

 

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)

 

380

 

 

-

 

 

-

 

 

380

 

 

 

Fixed maturity investments (included in cash and cash equivalents)

 

1,578

 

 

-

 

 

-

 

 

1,578

 

 

 

Total assets at fair value

$

1,958

 

$

-

 

$

-

 

$

1,958

 

 

 

 

 

 

 

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)

 

381

 

 

-

 

 

-

 

 

381

 

 

 

Fixed maturity investments (included in cash and cash equivalents)

 

3,158

 

 

-

 

 

-

 

 

3,158

 

 

 

 

Total assets at fair value

$

3,539

 

$

-

 

$

-

 

$

3,539

 

Carrying Value Of Assets And Liabilities Measured On Recurring Basis

 

 

 

 

 

 

Carrying value

 

 

Assets

 

 

 

 

Balance as of June 30, 2021

$

-

 

 

 

Foreign currency adjustment(1)

 

-

 

 

 

 

Balance as of September 30, 2021

$

-

 

(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, 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.