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Fair Value Of Financial Instruments (Tables)
6 Months Ended
Dec. 31, 2022
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 20% and 31% over the period of the forecast

 

Long term growth rate:

3% (3% as of June 30, 2022)

 

Marketability discount:

20% (10% as of June 30, 2022)

 

Minority discount:

30% (15% as of June 30, 2022)

 

Net adjusted external debt - December 31, 2022:(1)

ZAR 6.9 billion ($0.4 billion), no lease liabilities included

 

Net adjusted external debt - June 30, 2022:(2)

ZAR 13.5 billion ($0.8 billion), no lease liabilities included

(1) translated from ZAR to U.S. dollars at exchange rates applicable as of December 31, 2022.

(2) translated from ZAR to U.S. dollars at exchange rates applicable as of June 30, 2022.

Schedule Of Impact On Carrying Value Of Cell C Investment

 

Sensitivity for fair value of Cell C investment

 

1.0% increase

 

1.0% decrease

 

 

WACC rate

$

-

$

390

 

 

EBITDA margin

$

992

$

-

 

Schedule Of Outstanding Foreign Exchange Contracts

Notional amount ('000)

Strike price

Fair market

Maturity

EUR

375.1

ZAR

18.0002

ZAR

18.1676

January 31, 2023

USD

238.8

ZAR

17.1676

ZAR

17.0172

January 31, 2023

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)

 

279

 

 

-

 

 

-

 

 

279

 

 

 

 

Fixed maturity investments (included in cash and cash equivalents)

 

2,268

 

 

-

 

 

-

 

 

2,268

 

 

 

 

Foreign exchange contracts

 

-

 

 

2

 

 

-

 

 

2

 

 

 

 

Total assets at fair value

$

2,547

 

$

2

 

$

-

 

$

2,549

 

 

 

 

 

 

 

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)

 

371

 

 

-

 

 

-

 

 

371

 

 

 

Fixed maturity investments (included in cash and cash equivalents)

 

1,196

 

 

-

 

 

-

 

 

1,196

 

 

 

 

Total assets at fair value

$

1,567

 

$

-

 

$

-

 

$

1,567

 

Carrying Value Of Assets And Liabilities Measured On Recurring Basis

 

 

 

 

 

 

Carrying value

 

 

Assets

 

 

 

 

Balance as of June 30, 2022

$

-

 

 

 

Foreign currency adjustment(1)

 

-

 

 

 

 

Balance as of December 31, 2022

$

-

 

(1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand against the U.S. dollar on the carrying value.

 

 

 

 

 

 

Carrying value

 

 

Assets

 

 

 

 

Balance as of June 30, 2021

$

-

 

 

 

Foreign currency adjustment(1)

 

-

 

 

 

 

Balance as of December 31, 2021

$

-

 

(1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand against the U.S. dollar on the carrying value.