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Accumulated Other Comprehensive Loss
6 Months Ended
Dec. 31, 2024
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
12.
 
Accumulated other comprehensive loss
The table
 
below presents
 
the change
 
in accumulated
 
other comprehensive
 
loss per
 
component
 
during the
 
three months
 
ended
December 31, 2024:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended
December 31, 2024
Accumulated
foreign
currency
translation
reserve
Total
Balance as of October 1, 2024
$
(177,830)
$
(177,830)
Release of foreign currency translation reserve related to liquidation of subsidiaries
6
6
Movement in foreign currency translation reserve
 
(22,145)
(22,145)
Balance as of December 31, 2024
$
(199,969)
$
(199,969)
The table
 
below presents
 
the change
 
in accumulated
 
other comprehensive
 
loss per
 
component during
 
the three
 
months ended
December 31, 2023:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended
December 31, 2023
Accumulated
foreign
currency
translation
reserve
Total
Balance as of October 1, 2023
$
(196,081)
$
(196,081)
Release of foreign currency translation reserve related to disposal of Finbond
 
equity securities
1,543
1,543
Movement in foreign currency translation reserve related to liquidation
 
of subsidiaries
(952)
(952)
Movement in foreign currency translation reserve
6,112
6,112
Balance as of December 31, 2023
$
(189,378)
$
(189,378)
12.
 
Accumulated other comprehensive loss (continued)
The
 
table
 
below
 
presents
 
the
 
change
 
in
 
accumulated
 
other
 
comprehensive
 
loss
 
per
 
component
 
during
 
the
 
six
 
months
 
ended
December 31, 2024:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended
December 31, 2024
Accumulated
foreign
currency
translation
reserve
Total
Balance as of July 1, 2024
$
(188,355)
$
(188,355)
Release of foreign currency translation reserve related to liquidation of subsidiaries
6
6
Movement in foreign currency translation reserve
 
(11,620)
(11,620)
Balance as of December 31, 2024
$
(199,969)
$
(199,969)
The
 
table
 
below
 
presents
 
the
 
change
 
in
 
accumulated
 
other
 
comprehensive
 
loss
 
per
 
component
 
during
 
the
 
six
 
months
 
ended
December 31, 2023:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
a
Six months ended
December 31, 2023
Accumulated
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
1,543
1,543
Movement in foreign currency translation reserve related to equity-accounted
 
investment
489
489
Movement in foreign currency translation reserve related to liquidation
 
of subsidiaries
(952)
(952)
Movement in foreign currency translation reserve
 
5,268
5,268
Balance as of December 31, 2023
$
(189,378)
$
(189,378)
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
 
each
 
of
 
the
 
three
 
and
 
six
 
months
 
ended
 
December
 
31,
 
2024,
 
the
 
Company
 
reclassified
 
a
 
loss
 
of
 
$
0.006
 
million,
respectively, from
 
accumulated other comprehensive loss (accumulated foreign currency
 
translation reserve) to net loss related to the
liquidation of subsidiaries During each of the three and
 
six months ended December 31, 2023, the
 
Company reclassified losses of $
1.5
million, respectively, from accumulated other
 
comprehensive loss
 
(accumulated foreign currency translation
 
reserve) to net
 
loss related
to the disposal
 
of shares in
 
Finbond (refer
 
to Note 6).
 
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.