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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities      
Net (loss) income $ (78,358) $ (308,658) [1],[2] $ 61,207 [1],[2]
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 13,299 37,349 [1] 35,484 [1]
Impairment loss (Note 3 and 11) 6,336 19,745 [1] 20,917 [1]
Movement in allowance for doubtful accounts receivable 743 32,786 [1] 13,358 [1]
Loss (Earnings) from equity-accounted investments (Note 10) 29,542 (1,273) [1] (8,815) [1]
Movement in allowance for doubtful loans to equity-accounted investments 1,035 0 [1] 0 [1]
Inventory net realizable value adjustment (Note 6) 1,298 0 [1] 0 [1]
Interest on Cedar Cellular note (Note 10) 0 (2,397) [1] (1,395) [1]
Impairment of Cedar Cellular note (Note10) 0 12,793 [1],[2] 0 [1],[2]
Change in fair value of equity securities (Note 7 and 10) 0 167,459 [1] (32,473) [1]
Implementation costs to be refunded to SASSA (Note 14) 0 34,039 [1] 0 [1]
Fair value adjustment related to financial liabilities (340) 73 [1] 414 [1]
Interest payable 1,758 237 [1] (146) [1]
Facility fee amortized 0 321 [1] 589 [1]
Loss on deconsolidation of CPS (Note 3) (7,148) 0 [1] 0 [1]
(Gain) Loss on disposal of discontinued operation (Note 3) (12,454) 9,175 [1],[2] 0 [1],[2]
Gain on disposal of FIHRST (Note 3) (9,743) 0 [1],[2] 0 [1],[2]
Loss (Gain) on disposal of DNI (Note 3) 1,010 (177) [1],[2] 0 [1],[2]
Loss on fair value of DNI (Note 3) 0 0 [1] 4,614 [1]
Gain on disposal of business 0 0 [1] (463) [1]
(Profit) Loss on disposal of property, plant and equipment (127) (486) [1] 40 [1]
Stock-based compensation charge (Note 18) 1,728 393 [1] 2,607 [1]
Dividends received from equity accounted investments 3,549 1,318 [1] 4,111 [1]
Decrease in accounts receivable, pre-funded social welfare grants receivable and finance loans receivable 8,818 11,663 [1] 17,732 [1]
(Increase) Decrease in inventory (19,328) 4,042 [1] (2,521) [1]
Increase (Decrease) in accounts payable and other payables (139) (14,538) [1] 10,595 [1]
(Decrease) Increase in taxes payable (1,427) 3,428 [1] 1,137 [1]
(Decrease) Increase in deferred taxes (393) (11,752) [1] 5,313 [1]
Net cash (used in) provided by operating activities (46,045) (4,460) [1] 132,305 [1]
Cash flows from investing activities      
Capital expenditures (5,938) (9,416) [1] (9,649) [1]
Proceeds from disposal of property, plant and equipment 578 1,045 [1] 658 [1]
Proceeds from disposal of Net1 Korea, net of cash disposed (Note 3) 192,619 0 [1] 0 [1]
Transaction costs paid related to disposal of Net1 Korea (Note 3) (7,458) 0 [1] 0 [1]
Proceeds from disposal of DNI as equity-accounted investment (Note 10 and Note 21) 42,477 0 [1] 0 [1]
Transaction costs paid related to disposal of DNI as equity-accounted investment (Note 10) (1,010) 0 [1] 0 [1]
Proceeds from disposal of subsidiaries, net of cash disposed (Note 3 and Note 21) 10,895 (2,114) [1] 0 [1]
Deconsolidation of CPS - cash disposed (Note 3) (328) 0 [1] 0 [1]
Investment in equity-accounted investments (Note 10) (2,500) (2,989) [1] (133,335) [1]
Loan to equity-accounted investment (Noe 10) (1,230) 0 [1] (10,635) [1]
Repayment of loans by equity-accounted investments 4,268 1,029 [1] 9,180 [1]
Acquisitions, net of cash acquired (Note 3) 0 0 [1] (6,202) [1]
Acquisition of intangible assets 0 (1,384) [1] 0 [1]
Investment in MobiKwik 0 (1,056) [1] 0 [1]
Return on investment 0 284 [1] 0 [1]
Acquisition of 15% of Cell C 0 0 [1] (151,003) [1]
Acquisition of held to maturity investment 0 0 [1] (9,000) [1]
Net change in settlement assets (9,256) 79,077 [1] 490,795 [1]
Other investing activities, net 0 0 [1] (61) [1]
Net cash provided by investing activities 223,117 64,476 [1] 180,748 [1]
Cash flows from financing activities      
Proceeds from bank overdraft (Note 13) 689,763 822,754 [1] 44,900 [1]
Repayment of bank overdraft (Note 13) (747,935) (740,969) [1] (62,925) [1]
Long-term borrowings utilized (Note 13) 14,798 14,613 [1] 113,157 [1]
Repayment of long-term borrowings (Note 13) (14,503) (37,357) [1] (77,062) [1]
Guarantee fee (148) (394) [1] (754) [1]
Finance lease capital repayments (69) 0 [1] 0 [1]
Acquisition of non-controlling interests 0 (180) [1] 0 [1]
Dividends paid to non-controlling interest 0 (4,104) [1] 0 [1]
Net change in settlement obligations 9,256 (79,077) [1] (490,795) [1]
Net cash used in financing activities (48,838) (24,714) [1] (473,479) [1]
Effect of exchange rate changes on cash (17,260) (3,845) [1] (7,977) [1]
Net increase (decrease) in cash, cash equivalents and restricted cash 110,974 31,457 [1] (168,403) [1]
Cash, cash equivalents and restricted cash - beginning of period [1] 121,511 90,054 258,457
Cash, cash equivalents and restricted cash - end of period (Note 21) $ 232,485 $ 121,511 [1] $ 90,054 [1]
[1]
Certain amounts have been restated to correct the misstatement discussed in Note 1
[2]
Refer to Note 1