XML 49 R37.htm IDEA: XBRL DOCUMENT
v3.23.1

Borrowings (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2023
Borrowings [Abstract] |
Summary Of Short-Term Credit Facilities |
|  |  |  |  |  | RMB |  | RMB |  | RMB |  | Nedbank |  |  |
|  |  |  |  |  | Facility E |  | Indirect |  | Connect(4) |  | Facilities |  | Total
| Short-term facilities available as of March 31, 2023 | $ | 78,680 |  | $ | 7,587 |  | $ | 11,521 |  | $ | 8,798 |  | $ | 106,586
|  | Overdraft |  | - |  |  | - |  |  | 11,521 |  |  | - |  |  | 11,521
|  | Overdraft restricted as to use for ATM funding only |  | 78,680 |  |  | - |  |  | - |  |  | - |  |  | 78,680
|  | Indirect and derivative facilities |  | - |  |  | 7,587 |  |  | - |  |  | 8,798 |  |  | 16,385
| Movement in utilized overdraft facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Restricted as to use for ATM funding only |  | 51,338 |  |  | - |  |  | - |  |  | - |  |  | 51,338
|  | No restrictions as to use |  | - |  |  | - |  |  | 14,880 |  |  | - |  |  | 14,880
|  |  | Balance as of June 30, 2022 |  | 51,338 |  |  | - |  |  | 14,880 |  |  | - |  |  | 66,218
|  |  |  | Utilized |  | 431,150 |  |  | - |  |  | 10,338 |  |  | - |  |  | 441,488
|  |  |  | Repaid |  | (441,083) |  |  | - |  |  | (7,205) |  |  | - |  |  | (448,288)
|  |  |  | Foreign currency adjustment(1) |  | (3,674) |  |  | - |  |  | (1,083) |  |  | - |  |  | (4,757)
|  | Balance as of March 31, 2023 |  | 37,731 |  |  | - |  |  | 16,930 |  |  | - |  |  | 54,661
|  |  |  | Restricted as to use for ATM funding only |  | 37,731 |  |  | - |  |  | - |  |  | - |  |  | 37,731
|  |  |  | No restrictions as to use | $ | - |  | $ | - |  | $ | 16,930 |  | $ | - |  | $ | 16,930
|  | Interest rate as of March 31, 2023 (%)(2) |  | 11.25 |  |  | - |  |  | 11.15 |  |  | - |  |  |
| Movement in utilized indirect and derivative facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Balance as of June 30, 2022 | $ | - |  | $ | 313 |  | $ | - |  | $ | 5,654 |  | $ | 5,967
|  |  | Guarantees cancelled(3) |  | - |  |  | - |  |  | - |  |  | (5,171) |  |  | (5,171)
|  |  | Utilized |  | - |  |  | 1,609 |  |  | - |  |  | - |  |  | 1,609
|  |  | Foreign currency adjustment(1) |  | - |  |  | (62) |  |  | - |  |  | (364) |  |  | (426)
|  | Balance as of March 31, 2023 | $ | - |  | $ | 1,860 |  | $ | - |  | $ | 119 |  | $ | 1,979
(1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. (2) Facility E interest set at prime and the Connect facility at prime less 0.10%. (3) Represents the cancellation of the guarantee with supplier amounting to ZAR 90 million ($5.2 million) which is no longer required due the reduction in the volume and value of transactions processed. (4) The amount available under this facility excludes the ZAR 175.0 million temporary facility obtained in February 2023. The balance outstanding as of March 31, 2023, includes the outstanding balance of ZAR 131.25 million (or $7.4 million utilizing the exchange rate as of March 31, 2023) related to this temporary facility.
Summary Of Long-Term Borrowings |
|  |  |  |  | Facilities |  |  |
|  |  |  |  | G & H |  | A&B |  | K2020/ CCC |  | Asset backed |  | Total
| Included in current | $ | - |  | $ | 4,604 |  | $ | - |  | $ | 2,200 |  | $ | 6,804
| Included in long-term |  | 63,354 |  |  | 59,868 |  |  | 8,346 |  |  | 3,274 |  |  | 134,842
| Opening balance as of June 30, 2022 |  | 63,354 |  |  | 64,472 |  |  | 8,346 |  |  | 5,474 |  |  | 141,646
|  | Facilities utilized |  | - |  |  | 10,947 |  |  | 7,377 |  |  | 4,686 |  |  | 23,010
|  | Facilities repaid |  | (322) |  |  | (2,151) |  |  | (985) |  |  | (1,834) |  |  | (5,292)
|  | Non-refundable fees paid |  | (500) |  |  | - |  |  | (100) |  |  | - |  |  | (600)
|  | Non-refundable fees amortized |  | 565 |  |  | 45 |  |  | 32 |  |  | - |  |  | 642
|  | Capitalized interest |  | 3,261 |  |  | - |  |  | - |  |  | - |  |  | 3,261
|  | Capitalized interest repaid |  | (12) |  |  | - |  |  | - |  |  | - |  |  | (12)
|  | Foreign currency adjustment(1) |  | (5,378) |  |  | (5,108) |  |  | (952) |  |  | (504) |  |  | (11,942)
|  |  | Closing balance as of March 31, 2023 |  | 60,968 |  |  | 68,205 |  |  | 13,718 |  |  | 7,822 |  |  | 150,713
|  |  | Included in current |  | - |  |  | - |  |  | - |  |  | 3,515 |  |  | 3,515
|  |  | Included in long-term |  | 60,968 |  |  | 68,205 |  |  | 13,718 |  |  | 4,307 |  |  | 147,198
|  |  |  | Unamortized fees |  | (840) |  |  | (248) |  |  | (81) |  |  | - |  |  | (1,169)
|  |  |  | Due within 2 years |  | - |  |  | - |  |  | 13,799 |  |  | 3,025 |  |  | 16,824
|  |  |  | Due within 3 years |  | 61,808 |  |  | 1,756 |  |  | - |  |  | 1,194 |  |  | 64,758
|  |  |  | Due within 4 years |  | - |  |  | 7,377 |  |  | - |  |  | 88 |  |  | 7,465
|  |  |  | Due within 5 years | $ | - |  | $ | 59,320 |  | $ | - |  | $ | - |  | $ | 59,320
| Interest rates as of March 31, 2023 (%): |  | 13.46 |  |  | 11.71 |  |  | 12.20 |  |  | 12.00 |  |  |
|  | Base rate (%) |  | 7.96 |  |  | 7.96 |  |  | 11.25 |  |  | 11.25 |  |  |
|  | Margin (%) |  | 5.50 |  |  | 3.75 |  |  | 0.95 |  |  | 0.75 |  |  |
| Footnote number |  | (2)(3)(4) |  |  | (5) |  |  | (6) |  |  | (7) |  |  |
(1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. (2) Prior to the amendment in March 2023, interest on Facility G was calculated based on the 3-month JIBAR in effect from time to time plus a margin of (i) 3.00% per annum until January 13, 2023; and then (ii) from January 14, 2023, (x) 2.50% per annum if the Facility G balance outstanding is less than or equal to ZAR 250.0 million, or (y) 3.00% per annum if the Facility G balance is between ZAR 250.0 million to ZAR 450.0 million, or (z) 3.50% per annum if the Facility G balance is greater than ZAR 450.0 million. The interest rate shall increase by a further 2.00% per annum in the event of default (as defined in the Loan Documents). (3) Prior to the amendment in March 2023, interest on Facility H is calculated based on JIBAR in effect from time to time plus a margin of 2.00% per annum which increases by a further 2.00% per annum in the event of default (as defined in the Loan Documents). (4) Interest on Facility G and Facility H is calculated based on the 3-month JIBAR in effect from time to time plus a margin of, from January 1, 2023: (i) 5.50% for as long as the aggregate balance under the Facilities is greater than ZAR 800 million; (ii) 4.25% if the aggregate balance under the Facilities is equal to or less than ZAR 800 million, but greater than ZAR 350 million; or (iii) 2.50% if the aggregate balance under the Facilities is less than ZAR 350 million (5) Interest on Facility A and Facility B is calculated based on JIBAR plus a margin, of 3.75%, in effect from time to time. (6) Interest is charged at prime plus 0.95% per annum on the utilized balance. (7) Interest is charged at prime plus 0.75% per annum on the utilized balance.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration