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Accumulated Other Comprehensive Loss
9 Months Ended
Mar. 31, 2024
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
11.
 
Accumulated other comprehensive loss
The table
 
below presents
 
the change
 
in accumulated
 
other comprehensive
 
loss per
 
component
 
during the
 
three months
 
ended
March 31, 2024:
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended
March 31, 2024
Accumulated
foreign
currency
translation
reserve
Total
Balance as of January 1, 2024
$
(189,378)
$
(189,378)
Movement in foreign currency translation reserve
 
(5,718)
(5,718)
Balance as of March 31, 2024
$
(195,096)
$
(195,096)
11.
 
Accumulated other comprehensive loss (continued)
The table
 
below presents
 
the change
 
in accumulated
 
other comprehensive
 
loss per
 
component during
 
the three
 
months ended
March 31, 2023:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended
March 31, 2023
Accumulated
foreign
currency
translation
reserve
Total
Balance as of January 1, 2023
$
(176,238)
$
(176,238)
Release of foreign currency translation reserve related to disposal of Finbond
 
equity securities
243
243
Movement in foreign currency translation reserve related to equity-accounted
 
investment
216
216
Movement in foreign currency translation reserve
(9,775)
(9,775)
Balance as of March 31, 2023
$
(185,554)
$
(185,554)
The
 
table below
 
presents
 
the change
 
in
 
accumulated
 
other comprehensive
 
loss per
 
component
 
during
 
the
 
nine
 
months
 
ended
March 31, 2024:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended
March 31, 2024
Accumulate
d foreign
currency
translation
reserve
Total
Balance as of July 1, 2023
$
(195,726)
$
(195,726)
Release of foreign currency translation reserve related to disposal of Finbond
 
equity securities
(Note 5)
1,543
1,543
Release of foreign currency translation reserve related to liquidation
 
of subsidiaries
(952)
(952)
Movement in foreign currency translation reserve related to equity-accounted
 
investment
489
489
Movement in foreign currency translation reserve
 
(450)
(450)
Balance as of March 31, 2024
$
(195,096)
$
(195,096)
The
 
table below
 
presents
 
the change
 
in
 
accumulated
 
other comprehensive
 
loss per
 
component
 
during
 
the
 
nine
 
months
 
ended
March 31, 2023:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
a
Nine months ended
March 31, 2023
Accumulate
d foreign
currency
translation
reserve
Total
Balance as of July 1, 2022
$
(168,840)
$
(168,840)
Release of foreign currency translation reserve related to disposal of Finbond
 
equity securities
342
342
Movement in foreign currency translation reserve related to equity
 
-accounted investment
2,657
2,657
Movement in foreign currency translation reserve
 
(19,713)
(19,713)
Balance as of March 31, 2023
$
(185,554)
$
(185,554)
The movement in the
 
foreign currency translation reserve represents
 
the impact of translation
 
of consolidated entities which have
a functional currency (which is primarily ZAR) to the Company’s
 
reporting currency, which is USD.
During
 
the
 
nine
 
months
 
ended
 
March
 
31,
 
2024,
 
the
 
Company
 
reclassified
 
losses
 
of
 
$
1.5
 
million
 
from
 
accumulated
 
other
comprehensive loss (accumulated foreign currency translation reserve) to net loss related to the disposal of shares in Finbond (refer to
Note 5). During
 
the three and nine
 
months ended March
 
31, 2023, the
 
Company reclassified losses of
 
$
0.2
 
million and $
0.3
 
million,
respectively, from
 
accumulated other comprehensive loss (accumulated foreign currency
 
translation reserve) to net loss related to the
disposal
 
of
 
shares
 
in
 
Finbond.
 
The
 
Company
 
also
 
reclassified
 
a
 
gain
 
of
 
$
1.0
 
million
 
from
 
accumulated
 
other
 
comprehensive
 
loss
(accumulated foreign
 
currency translation reserve)
 
to net loss related
 
to the liquidation
 
of subsidiaries during
 
the nine months
 
ended
March 31, 2024.