Description Of Business And Basis Of Presentation (Tables)

12 Months Ended

Jun. 30, 2020

Description Of Business And Basis Of Presentation [Abstract]

Impact Of The Restatement On Financial Statements

Consolidated balance sheet
	June 30, 2019
	As reported		Correction - DNI		Correction - Finbond		As restated
	(in thousands)
Equity-accounted investments	$	151 116	$	-	$	(2 689)	$	148 427
Total assets		672 936		-		(2 689)		670 247
Deferred tax liabilities		1 926		-		(602)		1 324
Total liabilities		245 835		-		(602)		245 233
Accumulated other comprehensive loss		(199 273)		3 227		234		(195 812)
Retained earnings		528 576		(3 227)		(2 321)		523 028
Total equity	$	319 429	$	-	$	(2 087)	$	317 342

Consolidated statement of operations
		Year ended June 30, 2019
		As reported		Correction - DNI		Correction - Finbond		As restated
		(in thousands, except per share data)
Gain on disposal of DNI		$	(631)	$	808	$	-	$	177
Loss before income tax			(320 251)		808		-		(319 443)
Income tax benefit			(5 025)		-		(47)		(5 072)
Net loss before earnings from equity-accounted investments			(315 226)		808		47		(314 371)
Earnings from equity-accounted investments			1 467		-		(209)		1 258
Net loss from continuing operations			(313 759)		808		(162)		(313 113)
Loss on disposal of discontinued operation, net of tax			(5 140)		(4 035)		-		(9 175)
Net loss			(305 269)		(3 227)		(162)		(308 658)
Net loss attributable to Net1			(307 618)		(3 227)		(162)		(311 007)
	Continuing		(312 407)		808		(162)		(311 761)
	Discontinued	$	4 789	$	(4 035)	$	-	$	754
Basic (loss) income per share attributable to Net1 shareholders		$	(5,42)	$	(0,06)	$	(0,00)	$	(5,48)
	Continuing	$	(5,50)	$	0,01	$	(0,00)	$	(5,49)
	Discontinued	$	0,08	$	(0,07)	$	-	$	0,01
Diluted (loss) income per share attributable to Net1 shareholders		$	(5,42)	$	(0,06)	$	(0,00)	$	(5,48)
	Continuing	$	(5,50)	$	0,01	$	(0,00)	$	(5,49)
	Discontinued	$	0,08	$	(0,07)	$	-	$	0,01

		Year ended June 30, 2018
		As reported		Correction - DNI		Correction - Finbond		As restated
		(in thousands, except per share data)
Income tax expense		$	45 729	$	-	$	(623)	$	45 106
Net income before earnings from equity-accounted investments			48 829		-		623		49 452
Earnings from equity-accounted investments			4 592		-		(2 782)		1 810
Net income from continuing operations			53 421		-		(2 159)		51 262
Net income			63 366		-		(2 159)		61 207
Net income attributable to Net1			64 246		-		(2 159)		62 087
	Continuing		54 301		-		(2 159)		52 142
	Discontinued	$	9 945	$	-	$	-	$	9 945
Basic income (loss) per share attributable to Net1 shareholders		$	1,13	$	-	$	(0,04)	$	1,10
	Continuing	$	0,95	$	-	$	(0,04)	$	0,92
	Discontinued	$	0,18	$	-	$	-	$	0,18
Diluted income (loss) per share attributable to Net1 shareholders		$	1,13	$	-	$	(0,04)	$	1,09
	Continuing	$	0,96	$	-	$	(0,04)	$	0,92
	Discontinued	$	0,17	$	-	$	-	$	0,17

Consolidated statement of comprehensive (loss) income
	Year ended June 30, 2019
	As reported		Correction - DNI		Correction - Finbond		As restated
	(in thousands)
Net loss	$	(305 269)	$	(3 227)	$	(162)	$	(308 658)
Movement in foreign currency translation reserve		(26 194)		-		46		(26 148)
Release of foreign currency translation reserve related to disposal of DNI		2 452		3 227		-		5 679
Total other comprehensive loss		(19 491)		3 227		46		(16 218)
Comprehensive loss		(324 760)		-		(116)		(324 876)
Comprehensive loss attributed to Net1	$	(322 353)	$	-	$	(116)	$	(322 469)

	Year ended June 30, 2018
	As reported		Correction - DNI		Correction - Finbond		As restated
	(in thousands)
Net income	$	63 366	$	-	$	(2 159)	$	61 207
Comprehensive income		41 466		-		(1 971)		39 495
Comprehensive income attributed to Net1	$	42 444	$	-	$	(1 971)	$	40 473

Consolidated statement of changes in equity
	Retained earnings		Accumulated other comprehensive loss
	(in thousands)
As reported – June 30, 2018	$	836 194	$	(184 538)
Correction of misstatement - Finbond		(2 159)		188
As restated – June 30, 2018		834 035		(184 350)
As reported – June 30, 2019		528 576		(199 273)
Correction of misstatement - DNI		(3 227)		3 227
Correction of misstatement - Finbond		(2 321)		234
As restated – June 30, 2019	$	523 028	$	(195 812)

Consolidated statement of cash flows
	Year ended June 30, 2019
	As reported		Correction - DNI		Correction - Finbond		As restated
	(in thousands)
Net loss	$	(305 269)	$	(3 227)	$	(162)	$	(308 658)
Loss from equity-accounted investment		(1 482)		-		209		(1 273)
Loss on disposal of discontinued operation		5 140		4 035		-		9 175
Gain on disposal of DNI		631		(808)		-		(177)
(Decrease) Increase in deferred taxes	$	(11 705)	$	-	$	(47)	$	(11 752)

	Year ended June 30, 2018
	As reported		Correction - DNI		Correction - Finbond		As restated
	(in thousands)
Net income	$	63 366	$	-	$	(2 159)	$	61 207
Earnings from equity-accounted investment		(11 597)		-		2 782		(8 815)
Increase (Decrease) in deferred taxes	$	5 936	$	-	$	(623)	$	5 313