Equity-Accounted Investments And Other Long-Term Assets (Tables)

3 Months Ended

Sep. 30, 2022

Ownership Percentage Of Equity-Accounted Investments

	September 30,			June 30,
	2022			2021
Finbond Group Limited (“Finbond”)		29.3	%	29.3	%
Sandulela Technology (Pty) Ltd ("Sandulela")		49.0	%	49.0	%
Carbon Tech Limited (“Carbon”)		-	%	25.0	%
SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”)		50.0	%	50.0	%

Summary Of Movement In Equity-Accounted Investments

					Finbond		Other(1)		Total
Investment in equity
	Balance as of June 30, 2022				$	5,760	$	101	$	5,861
		Stock-based compensation				6		-		6
		Comprehensive income:				(190)		14		(176)
			Other comprehensive income			2,441		-		2,441
			Equity accounted (loss) earnings			(2,631)		14		(2,617)
				Share of net (loss) earnings		(1,521)		14		(1,507)
				Impairment		(1,110)		-		(1,110)
		Dividends received				-		(21)		(21)
		Disposal of Finbond shares				(3)		-		(3)
		Foreign currency adjustment(2)				(546)		(10)		(556)
	Balance as of September 30, 2022				$	5,027	$	84	$	5,111
Investment in loans:
	Balance as of June 30, 2022				$	-	$	-	$	-
		Loans granted				-		112		112
		Loans repaid				-		(112)		(112)
		Foreign currency adjustment(2)				-		-		-
	Balance as of September 30, 2022				$	-	$	-	$	-
					Equity		Loans		Total
Carrying amount as of :
		June 30, 2022			$	5,861	$	-	$	5,861
		September 30, 2022			$	5,111	$	-	$	5,111

(1) Includes Carbon, Sandulela, and SmartSwitch Namibia;

(2) The foreign currency adjustment represents the effects of the fluctuations of the ZAR, Nigerian naira and Namibian dollar, against the U.S. dollar on the carrying value.

Summary Of Other Long-Term Asset

		September 30,			June 30,
			2022		2022
Total equity investments		$	76,297	$	76,297
	Investment in 5% of Cell C (June 30, 2022: 15%) at fair value (Note 4)		-		-
	Investment in 10% of MobiKwik (June 30, 2022: 10%)(1)		76,297		76,297
	Investment in 87.5% of CPS (June 30, 2022: 87.5%) at fair value(1)(2)		-		-
Long-term portion of amount due related to sale of loan to Carbon(3)			-		-
Policy holder assets under investment contracts (Note 7)			261		371
Reinsurance assets under insurance contracts (Note 7)			1,276		1,424
	Total other long-term assets	$	77,834	$	78,092

(1) The Company determined that MobiKwik and CPS do not have readily determinable fair values and therefore elected to record these investments at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.

(2) On October 16, 2020, the High Court of South Africa, Gauteng Division, Pretoria ordered that CPS be placed into liquidation.

(3) Long-term portion of amount due related to sale of loan to Carbon represents $0.75 million related to the sale of a loan with a face value of $3.0 million which was sold in September 2022 for $0.75 million, net of an allowance for doubtful loans receivable of $0.75 million.

Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments

				Cost basis		Unrealized holding		Unrealized holding		Carrying
						gains		losses		value
Equity securities:
	Investment in MobiKwik		$	26,993	$	49,304	$	-	$	76,297
	Investment in CPS			-		-		-		-
Held to maturity:
	Investment in Cedar Cellular notes (Note 2)			-		-		-		-
		Total	$	26,993	$	49,304	$	-	$	76,297

				Cost basis		Unrealized holding		Unrealized holding		Carrying
						gains		losses		value
Equity securities:
	Investment in MobiKwik		$	26,993	$	49,304	$	-	$	76,297
	Investment in CPS			-		-		-		-
Held to maturity:
	Investment in Cedar Cellular notes			-		-		-		-
		Total	$	26,993	$	49,304	$	-	$	76,297

Finbond Group Limited [Member]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

		Three months ended September 30,
		2022
Loss on disposal of Finbond shares:
Consideration received in cash		$	3
Less: carrying value of Finbond shares sold			(3)
Less: release of foreign currency translation reserve from accumulated other comprehensive loss			(2)
Add: release of stock-based compensation charge related to equity-accounted investment			-
	Loss on sale of Finbond shares	$	(2)

Carbon [Member]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

		Three months ended September 30,
		2022
Gain on disposal of Carbon shares:
Consideration received in cash in September 2022		$	250
Less: carrying value of Carbon			-
	Gain on disposal of Carbon shares:(1)	$	250

(1) The Company does not expect to pay taxes related to the sale of Carbon because the base cost of its investment exceeds the sales consideration received. The Company does not believe that it will be able to utilize the loss generated because Net1 BV does not generate taxable income.