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Commitments And Contingencies | 12 Months Ended
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Jun. 30, 2022
Commitments And Contingencies [Abstract] |
Commitments And Contingencies | 22.Commitments and contingencies Capital commitments As of June 30, 2022 and 2021, the Company had outstanding capital commitments of approximately $0.03 million and $0.3 million, respectively. Purchase obligations As of June 30, 2022 and 2021, the Company had purchase obligations totaling $11.0 million and $2.5 million, respectively. The purchase obligations as of June 30, 2022, primarily relate to POS devices, components for safe assets and inventory that will be delivered to the Company and sold to customers in the second half of calendar 2022. Guarantees The South African Revenue Service and certain of the Company’s customers, suppliers and other business partners have asked the Company to provide them with guarantees, including standby letters of credit, issued by South African banks. The Company is required to procure these guarantees for these third parties to operate its business. Nedbank has issued guarantees to these third parties amounting to ZAR 92.1 million ($5.7 million, translated at exchange rates applicable as of June 30, 2022) thereby utilizing part of the Company’s short-term facilities. The Company pays commission of between 0.4% per annum to 1.82% per annum of the face value of these guarantees and does not recover any of the commission from third parties. RMB has issued guarantees to these third parties amounting to ZAR 5.1 million ($0.3 million, translated at exchange rates applicable as of June 30, 2022) thereby utilizing part of the Company’s short-term facilities. The Company has not recognized any obligation related to these guarantees in its consolidated balance sheet as of June 30, 2022. The maximum potential amount that the Company could pay under these guarantees is ZAR 97.2 million ($6.0 million, translated at exchange rates applicable as of June 30, 2022). As discussed in Note 12, the Company has ceded and pledged certain bank accounts to Nedbank as security for these guarantees with an aggregate value of ZAR 155.1 million ($9.5 million translated at exchange rates applicable as of June 30, 2022). The guarantees have reduced the amount available under its indirect and derivative facilities in the Company’s short-term credit facility described in Note 12. 22.Commitments and contingencies (continued) Contingencies The Company is subject to a variety of insignificant claims and suits that arise from time to time in the ordinary course of business. Management currently believes that the resolution of these other matters, individually or in the aggregate, will not have a material adverse impact on the Company’s financial position, results of operations or cash flows.

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