v3.26.1
Other Payables
 12 Months Ended
Jun. 30, 2026
Other Payables [Abstract]  
Other Payables
13.
OTHER PAYABLES
Summarized below is the breakdown of other payables as of June 30,
2026 and 2025:
June 30,
June 30,
2026
2025
Vendor
wallet balances
$
35,154
$
19,529
Accruals
10,562
8,469
Clearing accounts
9,682
6,766
Provisions
12,076
8,497
Value
-added tax payable
(A)
6,668
6,347
Payroll-related payables
1,798
1,931
Deferred consideration due to seller of Utilities (Note 3)
-
13,837
Other
7,322
10,659
$
83,262
$
76,035
(A) Value-added
tax payable and the total of Other payables as of June 30, 2025, have each increased by $
4.0
million as a result
of the correction discussed in Note 1.
Clearing accounts and vendor wallet
balances may fluctuate due to the
day (weekend or public holiday)
on which the Company’s
quarter or year
end falls
because certain elements
of transactions
within these accounts
are not
settled over weekends
or public
holidays.
Other includes deferred income, client deposits and other payables.
In December 2025,
the Company determined
that the liquidation
of CPS is at
an advanced stage
and released an
accrual raised
at the time of
deconsolidation. The release has
been included in the
caption “Other income” in
the consolidated statement of operations
f
or the year ended June 30, 2026.