XML 114 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Condensed Consolidated Statements Of Operations [Abstract]        
REVENUE (Note 17) $ 74,080 $ 77,442 $ 154,836 $ 184,539
EXPENSE        
Cost of goods sold, IT processing, servicing and support 43,160 41,231 89,954 103,335
Selling, general and administration 33,393 69,730 65,324 111,152
Depreciation and amortization 4,381 7,191 9,146 15,048
Impairment loss (Note 8) 0 8,191 0 8,191
OPERATING LOSS (6,854) (48,901) (9,588) (53,187)
CHANGE IN FAIR VALUE OF EQUITY SECURITIES (Note 6 and 7) 0 (15,836) 0 (15,836)
GAIN ON DISPOSAL OF FIHRST (Note 2) 9,743 0 9,743 0
INTEREST INCOME 1,343 2,177 1,994 3,778
INTEREST EXPENSE 3,221 2,563 4,576 5,121
IMPAIRMENT OF CEDAR CELLULAR NOTE (Note 7) 0 2,732 0 2,732
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 1,011 (67,855) (2,427) (73,098)
INCOME TAX EXPENSE (BENEFIT) (Note 20) 1,722 (4,398) 3,739 577
NET LOSS BEFORE EARNINGS (LOSS) FROM EQUITY-ACCOUNTED INVESTMENTS (711) (63,457) (6,166) (73,675)
EARNINGS (LOSS) FROM EQUITY-ACCOUNTED INVESTMENTS (Note 7) 506 (1,291) 1,569 184
NET LOSS FROM CONTINUING OPERATIONS (205) (64,748) (4,597) (73,491)
NET INCOME FROM DISCONTINUED OPERATIONS (Note 22) 0 3,779 0 7,418
NET (LOSS) INCOME (205) (60,969) (4,597) (66,073)
LESS (ADD) NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTEREST 0 2,972 0 3,067
Continuing 0 721 0 (877)
Discontinued 0 2,251 0 3,944
NET (LOSS) INCOME ATTRIBUTABLE TO NET1 (205) (63,941) (4,597) (69,140)
Continuing (205) (65,469) (4,597) (72,614)
Discontinued $ 0 $ 1,528 $ 0 $ 3,474
Net (loss) earnings per share, in United States dollars (Note 15):        
Basic (loss) earnings attributable to Net1 shareholders $ 0 $ (1.13) $ (0.08) $ (1.22)
Continuing 0 (1.16) (0.08) (1.28)
Discontinued 0 0.03 0 0.06
Diluted (loss) earnings attributable to Net1 shareholders 0 (1.12) (0.08) (1.22)
Continuing 0 (1.15) (0.08) (1.28)
Discontinued $ 0 $ 0.03 $ 0 $ 0.06