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Condensed Consolidated Statements Of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
[1]
Mar. 31, 2020
Mar. 31, 2019
[1]
Condensed Consolidated Statements Of Operations [Abstract]        
REVENUE (Note 17) $ 36,514 $ 36,586 $ 125,019 $ 149,174
EXPENSE        
Cost of goods sold, IT processing, servicing and support 25,783 29,423 86,606 103,471
Selling, general and administration 17,454 27,597 59,494 111,004
Depreciation and amortization 1,153 3,342 3,651 9,084
Impairment loss (Note 8) 6,336 0 6,336 8,191
OPERATING LOSS (14,212) (23,776) (31,068) (82,576)
CHANGE IN FAIR VALUE OF EQUITY SECURITIES (Note 6 and 7) 0 (26,263) 0 (42,099)
GAIN ON DISPOSAL OF FIHRST (Note 2) 0 0 9,743 0
INTEREST INCOME 570 1,204 2,015 4,436
INTEREST EXPENSE 1,886 3,092 6,362 8,201
IMPAIRMENT OF CEDAR CELLULAR NOTE (Note 7) 0 2,622 0 5,354
LOSS BEFORE INCOME TAX EXPENSE (BENEFIT) (15,528) (54,549) (25,672) (133,794)
INCOME TAX EXPENSE (BENEFIT) (Note 20) 640 (3,551) 2,317 (5,344)
NET LOSS BEFORE LOSS FROM EQUITY-ACCOUNTED INVESTMENTS (16,168) (50,998) (27,989) (128,450)
LOSS FROM EQUITY-ACCOUNTED INVESTMENTS (Note 7) (32,193) (537) (30,624) (353)
NET LOSS FROM CONTINUING OPERATIONS (48,361) (51,535) (58,613) (128,803)
NET INCOME FROM DISCONTINUED OPERATIONS (Note 2) 747 1,163 6,402 12,358
GAIN (LOSS) ON DISPOSAL OF DISCONTINUED OPERATION, net of tax (Note 2) 12,733 (9,175) 12,733 (9,175)
NET LOSS (34,881) (59,547) (39,478) (125,620)
(ADD) LESS NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST 0 (728) 0 2,339
Continuing 0 (485) 0 (1,362)
Discontinued 0 (243) 0 3,701
NET (LOSS) INCOME ATTRIBUTABLE TO NET1 (34,881) (58,819) (39,478) (127,959)
Continuing (48,361) (51,050) (58,613) (127,441)
Discontinued $ 13,480 $ (7,769) $ 19,135 $ (518)
Net (loss) earnings per share, in United States dollars (Note 15):        
Basic (loss) earnings attributable to Net1 shareholders $ (0.61) $ (1.03) $ (0.69) $ (2.25)
Continuing (0.85) (0.9) (1.03) (2.24)
Discontinued 0.24 (0.13) 0.34 (0.01)
Diluted (loss) earnings attributable to Net1 shareholders (0.61) (1.03) (0.69) (2.25)
Continuing (0.85) (0.9) (1.03) (2.24)
Discontinued $ 0.24 $ (0.13) $ 0.34 $ (0.01)
[1]
Refer to Note 1