Schedule Of Major Captions That Have Not Been Separately Presented On Related To Discontinued Operation

			2020
			Total (Net1 Korea)
Consolidated statement of operations
	Discontinued:
		Revenue	$	85,375
		Cost of goods sold, IT processing, servicing and support		37,377
		Selling, general and administration		30,562
		Depreciation and amortization		8,652
		Impairment loss		-
		Operating income		8,784
		Interest income		678
		Interest expense		106
		Net income before tax		9,356
		Income tax expense		2,954
		Net income before earnings from equity-accounted investments		6,402
		Earnings from equity-accounted investments		-
		Net income from discontinued operations	$	6,402

Consolidated statement of cash flows
	Discontinued:
		Total net cash provided by operating activities	$	3,758
		Total net cash provided by (used) in investing activities	$	1,524

Impact Of Deconsolidation And Calculation Of Net Gain Recognized On Deconsolidation

Net1 Korea
					March 2020
Proceeds from disposal of Net1 Korea, net of cash disposed					$	192,619
Add: Cash and cash equivalents disposed						23,473
Add: Cash withheld by purchaser to settle South Korean taxes⁽¹⁾						21,128
Fair value of consideration received						237,220
Less: carrying value of Net1 Korea, comprising						200,843
	Cash and cash equivalents					23,473
	Accounts receivable, net					30,467
	Finance loans receivable, net					13,695
	Inventory					2,377
	Property, plant and equipment, net					7,601
	Operating lease right of use asset					181
	Goodwill (Note 10)					107,964
	Intangible assets, net					4,655
	Deferred income taxes assets					1,719
	Other long-term assets					10,984
	Accounts payable					(5,484)
	Other payables					(5,523)
	Operating lease liability - current					(69)
	Income taxes payable					(3,481)
	Deferred income taxes liabilities					(1,497)
	Operating lease liability – long-term					(112)
	Other long-term liabilities					(335)
	Released from accumulated other comprehensive income – foreign currency translation reserve (Note 15)					14,228
	Settlement assets					44,111
	Settlement liabilities					(44,111)
		Gain recognized on disposal, before transaction costs and tax				36,377
		Transaction costs⁽²⁾				8,644
			Gain recognized on disposal, before tax			27,733
			Taxes related to gain recognized on disposal⁽¹⁾			15,279
				Gain recognized on disposal, after tax	$	12,454

(1) Represents taxes paid related to the disposal of Net1 Korea (refer to Note 18). The Company also agreed that the purchaser withhold potential capital gains taxes of $19.9 million (approximately KRW 23.8 billion) and non-refundable securities transaction taxes of $1.2 million (approximately KRW 1.4 billion), for a total withholding of $21.1 million, from the purchase price and pay such amounts, on behalf of Net1 BV, to the South Korean tax authorities. Net1 BV commenced a process to claim a refund from the South Korean tax authorities of the potential amount withheld and received this amount of approximately $20.1 million (KRW 23.8 billion) in September 2020. The Company included the expected amount to be refunded in the caption Accounts receivable, net and other receivables in its consolidated balance sheet as of June 30, 2020.

(2) Transaction costs include expenses incurred by the Company of $7.5 million directly related to the disposal of Net1 Korea and paid in cash and a non-refundable securities transfer tax of approximately $1.2 million which was also withheld from the purchase price and paid to the South Korean tax authorities directly by the purchaser.

Impact Of Deconsolidation And Calculation Of Net Gain Recognized On Deconsolidation

FIHRST
					December
					2019
Proceeds from disposal of FIHRST, net of cash disposed					$	10,895
Add: Cash and cash equivalents disposed						854
Fair value of consideration received						11,749
Less: carrying value of FIHRST, comprising						1,870
	Cash and cash equivalents					854
	Accounts receivable, net					367
	Property, plant and equipment, net					64
	Goodwill (Note 10)					599
	Intangible assets, net					30
	Deferred income taxes assets					42
	Accounts payable					(7)
	Other payables					(1,437)
	Income taxes payable					(220)
	Released from accumulated other comprehensive income – foreign currency translation reserve (Note 15)					1,578
	Settlement assets					17,406
	Settlement liabilities					(17,406)
		Gain recognized on disposal, before tax				9,879
		Taxes related to gain recognized on disposal, comprising:				-
			Capital gains tax			2,654
			Release of valuation allowance related to capital losses previously unutilized⁽¹⁾			(2,654)
		Transaction costs				136
				Gain recognized on disposal, after tax	$	9,743

(1) Net1 SA recorded a valuation allowance related to capital losses previously generated but not utilized. A portion of these unutilized capital losses was utilized as a result of the disposal of FIHRST and, therefore, the equivalent portion of the valuation allowance created was released.

Impact Of Deconsolidation And Calculation Of Net Gain Recognized On Deconsolidation

CPS
					May
					2020
Fair value of consideration received					$	-
Less: carrying value of CPS, comprising						(68)
	Cash and cash equivalents					328
	Accounts receivable, net					303
	Inventory					12
	Property, plant and equipment, net					236
	Goodwill (Note 10)					-
	Deferred income taxes assets (Note 18)					-
	Accounts payable					(238)
	Other payables					(33,160)
	Released from accumulated other comprehensive income – foreign currency translation reserve (Note 15)					32,451
		Gain recognized on deconsolidation, before tax				68
		Intercompany accounts written off/ provided for⁽¹⁾				7,216
		Taxes related to loss recognized on deconsolidation, comprising:				-
			Capital loss generated upon deconsolidation⁽²⁾			5,399
			Valuation allowance related to capital losses generated upon deconsolidation⁽²⁾			(5,399)
				Loss recognized on deconsolidation, after tax	$	7,148

(1) Certain of the Company’s subsidiaries had funds due from CPS as of May 31, 2020. The Company wrote these amounts off as it did not believe that they were recoverable.

(2) The Company recorded a deferred tax asset related to the capital loss generated on deconsolidation of CPS. The Company is only able to claim the capital loss for South African capital gains tax purposes once it deregisters or disposes of its interest in CPS. The Company has recorded a valuation allowance related to the full CPS capital loss deferred tax asset recognized because it does not believe that this capital loss will be utilized in the foreseeable future.