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HOLDING COMPANY INDIRECT SUBSIDIARIES (Tables)
 12 Months Ended
Jun. 30, 2020
HOLDING COMPANY INDIRECT SUBSIDIARIES [Abstract]  
Indirect Subsidiaries
The following entities are indirect subsidiaries of the Holding Company through IBEX Global Limited:

  
 
Ownership %
 
Description
Location
Nature of Business
 
2020
  
2019
 
IBEX Global Solutions Limited
England
Holding company
  
100
%
  
100
%
IBEX Global Bermuda Limited
Bermuda
Holding company
  
100
%
  
100
%
Lovercius Consultants Limited
Cyprus
Call center
  
100
%
  
100
%
IBEX Global Europe
Luxembourg
Tech support services
  
100
%
  
100
%
IBEX Global ROHQ
Philippines
Regional HQ
  
100
%
  
100
%
IBEX Global Solutions, Inc. (formerly TRG Customer Solutions, Inc.)
USA
Call center
  
100
%
  
100
%
TRG Customer Solutions (Canada), Inc.
Canada
Call center
  
100
%
  
100
%
TRG Marketing Solutions Limited
England
Call center
  
100
%
  
100
%
Virtual World (Private) Limited
Pakistan
Call center
  
100
%
  
100
%
IBEX Philippines, Inc.
Philippines
Call center
  
100
%
  
100
%
IBEX Global Solutions (Philippines) Inc.
Philippines
Call center
  
100
%
  
100
%
TRG Customer Solutions (Philippines) Inc.
Philippines
Call center
  
100
%
  
100
%
IBEX Customer Solutions Senegal S.A. (formerly TRG Senegal SA.
Senegal
Call center
  
100
%
  
100
%
IBEX Global Solutions (Private) Limited
Pakistan
Call center
  
100
%
  
100
%
IBEX Global MENA FZE
Dubai
Call center
  
100
%
  
100
%
IBEX I.P. Holdings Ireland Limited
Ireland
Holding company
  
-
%
  
100
%
IBEX Global Bermuda Ltd
Bermuda
Call center
  
100
%
  
100
%
IBEX Global Solutions Nicaragua SA
Nicaragua
Call center
  
100
%
  
100
%
IBEX Global St. Lucia Limited
St. Lucia
Holding company
  
100
%
  
100
%
IBEX Global Jamaica Limited
Jamaica
Call center
  
100
%
  
100
%
IBEX Receivable Solutions, Inc.
USA
Call center
  
100
%
  
-
%
IBEX Global Solutions France SARL
France
Call center
  
100
%
  
100
%
           
 
The following entities are indirect subsidiaries of the Holding Company through DGS Limited:
 
  
 
Ownership %
 
Description
Location
Nature of Business
 
2020
  
-
   
2019
 
Digital Globe Services, Inc.
USA
Internet marketing for residential cable services
  
100
  
%
   
100
%
Telsat Online, Inc.
USA
Internet marketing for non - cable telco services
  
100
  
%
   
100
%
DGS Worldwide Marketing Limited
Cyprus
Holding company and global marketing
  
100
  
%
   
100
%
DGS (Pvt.) Limited
Pakistan
Call center and support services
  
100
  
%
   
100
%
DGS EDU LLC
USA
Internet marketing for the education industry
  
100
  
%
   
100
%
7 Degrees LLC
USA
Digital marketing agency
  
100
  
%
   
100
%
              
Joint Venture
The following entity is a Joint venture of the Holding Company:

  
 
Ownership %
 
Description
Location
Nature of Business
 
2020
  
-
   
2019
 
Lakeball LLC (Note 7)
USA
Internet Marketing for commercial cable services
  
47.5
  
%
   
47.5
%
              
Major Classes of Assets and Liabilities of Discontinued Operations
The following table shows the major classes of assets and liabilities of the Group’s discontinued operation at June 26, 2019.

  
As of June
26, 2019
 
  
(US$’000)
 
Assets
   
Property and equipment and Intangibles
  
9,463
 
Renewal receivables
  
72,183
 
Trade and other receivables
  
1,129
 
Cash and cash equivalents
  
3,554
 
Total assets
  
86,329
 
     
Liabilities
    
Borrowings & Financing
  
43,431
 
Trade and other payables
  
9,977
 
Related party loans
  
-
 
Other Liabilities
  
5,327
 
Total liabilities
  
58,735
 
     
Net Assets
  
27,594
 
     
Result of Discontinued Operations
Result of discontinued operations:

  
June 30, 2019
  
June 30, 2018
 
  
(US$’000)
 
Revenue
  
64,740
   
34,871
 
Other operating income
  
2,923
   
1,487
 
         
Payroll and related costs
  
22,182
   
14,380
 
Share-based payments
  
875
   
1,299
 
Reseller commission and lead expenses
  
14,467
   
9,683
 
Depreciation and amortization
  
910
   
237
 
Other operating costs
  
3,241
   
3,581
 
Income from operations
  
25,988
   
7,178
 
         
Finance expenses
  
(5,674
)
  
(2,243
)
Income before taxation
  
20,314
   
4,935
 
         
Income tax expense
  
(4,830
)
  
(54
)
Net income for the period from discontinued operations, net of tax
  
15,484
   
4,881
 
         
Statement of Cash Flows
Statement of cash flows

The statement of cash flows includes the following amounts relating to discontinued operations:

  
June 30, 2019
  
June 30, 2018
 
  
(US$’000)
 
Operating activities
  
(13,396
)
  
(7,208
)
Investing activities
  
(867
)
  
(158
)
Financing activities
  
12,720
   
4,709
 
Net cash flow from discontinued operations
  
(1,543
)
  
(2,657
)