Equity-Accounted Investments And Other Long-Term Assets (Tables)

9 Months Ended

Mar. 31, 2019

Equity-Accounted Investments And Other Long-Term Assets [Abstract]

Ownership Percentage Of Equity-Accounted Investments


	March 31,		June 30,
	2019		2018
Bank Frick & Co AG ("Bank Frick")	35	%	35	%
DNI	38	%	-
Finbond Group Limited ("Finbond")	29	%	29	%
OneFi Limited (formerly KZ One) ("OneFi")	25	%	25	%
SmartSwitch Namibia (Pty) Ltd ("SmartSwitch Namibia")	50	%	50	%
V2 Limited ("V2")	50	%	-
Walletdoc Proprietary Limited ("Walletdoc")	20	%	20	%

Summary Of Movement In Equity-Accounted Investments


				Bank
		DNI		Frick			Finbond Other⁽¹⁾						Total
Investment in equity:
Balance as of June 30, 2018	$	-	$	48,129		$	30,958		$	6,092		$	85,179
Re-measurement of 8% of DNI (Note 2)		14,849		-			-			-			14,849
Re-measurement of 30% of DNI (Note 2)		59,346		-			-			-			59,346
Acquisition of shares		-		-			1,920			2,989			4,909
Stock-based compensation		-		-			77			-			77
Comprehensive income (loss):		-		(1,895	)		7,305			(318	)		5,092
Other comprehensive income		-		-			5,430			-			5,430
Equity accounted earnings (loss)		-		(1,895	)		1,875			(318	)		(338	)
Share of net income		-		616			1,852			(318	)		2,150
Amortization of acquired intangible assets		-		(562	)		-			-			(562	)
Deferred taxes on acquired intangible assets		-		135			-			-			135
Dilution resulting from corporate transactions		-		-			23			-			23
Other		-		(2,084	)		-			-			(2,084	)
Dividends received		-		-			(1,920	)		(454	)		(2,374	)
Return on investment		-		-			-			(284	)		(284	)
Deconsolidation of DNI (Note 2)		-		-			-			(242	)		(242	)
Foreign currency adjustment⁽²⁾		-		(228	)		(1,921	)		(50	)		(2,199	)
Balance as of March 31, 2019	$	74,195	$	46,006		$	36,419		$	7,733		$	164,353
Investment in loans:
Balance as of June 30, 2018	$	-	$	-		$	-		$	3,152		$	3,152
Foreign currency adjustment⁽²⁾		-		-			-			(8	)		(8	)
Balance as of March 31, 2019	$	-	$	-		$	-		$	3,144		$	3,144

(1) Includes primarily OneFi, SmartSwitch Namibia, V2 and Walletdoc;

(2) The foreign currency adjustment represents the effects of the fluctuations of the South African rand, Swiss franc, Nigerian naira and Namibian dollar, and the U.S. dollar on the carrying value.

Carrying Amount Of Equity-Accounted Investments

		Equity		Loans		Total
Carrying amount as of:
June 30, 2018	$	85,179	$	3,152
Continuing	$	84,840	$	3,152	$	87,992
Discontinued (Note 2)	$	339	$	-	$	339
March 31, 2019	$	164,353	$	3,144	$	167,497

Summary Of Other Long-Term Asset


		March 31,		June 30,
		2019		2018

Total equity investments	$	148,934	$	199,865
Investment in 15% of Cell C, at fair value (Note 7)		121,941		172,948
Investment in 13% of MobiKwik⁽¹⁾		26,993		26,917
Total held to maturity investments		6,992		10,395
Investment in 7.625% of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625% notes		6,992		10,395
Long-term portion of payments to agents in South Korea amortized over the contract period		11,714		17,582
Policy holder assets under investment contracts (Note 10)		596		610
Reinsurance assets under insurance contracts (Note 10)		644		633
Other long-term assets		6,023		5,947
Total other long-term assets	$	174,903	$	235,032

(1) The Company has determined that MobiKwik does not have readily determinable fair value and has therefore elected to recorded this investment at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company accounted for its investment in MobiKwik at cost as of June 30, 2018.

Summary Of Unrealized Gain (Loss) On Investments


				Unrealized		Unrealized
				holding		holding		Carrying
		Cost basis		gains		losses		value
Equity securities:
Investment in MobiKwik	$	26,993	$	-	$	-	$	26,993
Held to maturity:
Investment in Cedar Cellular notes		6,992		-		-		6,992
Total	$	33,985	$	-	$	-	$	33,985


				Unrealized		Unrealized
		Cost		holding		holding		Carrying
		basis^(1⁾		gains⁽¹⁾		losses		value
Held to maturity:
Investment in Cedar Cellular notes	$	10,395	$	-	$	-	$	10,395
Total	$	10,395	$	-	$	-	$	10,395

(1) An amount of $1.4 million attributed to interest recognized under the Cedar Cellular note was incorrectly included in the unrealized holding gains column as of June 30, 2018, and has been reclassified to the cost basis column.

Summary Of Contractual Maturity Of Investment


				Estimated
		Cost		fair
		basis		value⁽¹⁾
Due in one year or less	$	-	$	-
Due in one year through five years		6,992		6,992
Due in five years through ten years		-		-
Due after ten years		-		-
Total	$	6,992	$	6,992

(1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Company's portion of the security provided to the Company by Cedar Cellular, namely, Cedar Cellular's investment in Cell C.