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Equity-Accounted Investments And Other Long-Term Assets (Tables)
12 Months Ended
Jun. 30, 2024
Ownership Percentage Of Equity-Accounted Investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
June 30,
2024
2023
Sandulela Technology
 
Proprietary Limited ("Sandulela")
49
 
%
49
 
%
SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”)
50
 
%
50
 
%
Finbond Group Limited (“Finbond”)
-
 
%
28
 
%
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
 
28
-
28
Comprehensive loss:
(1,271)
89
(1,182)
Other comprehensive income
 
3,935
-
3,935
Equity accounted (loss) earnings
(5,206)
89
(5,117)
Share of net (loss) income
(4,096)
89
(4,007)
Impairment
(1,110)
-
(1,110)
Dividends received
 
-
(42)
(42)
Sale of shares in equity-accounted investment
(506)
-
(506)
Foreign currency adjustment
(2)
(971)
(17)
(988)
Balance as of June 30, 2023
3,040
131
3,171
Stock-based compensation
 
14
-
14
Comprehensive (loss) income:
(956)
166
(790)
Other comprehensive income
 
489
-
489
Equity accounted (loss) earnings
(1,445)
166
(1,279)
Share of (loss) net income
(278)
166
(112)
Impairment
(1,167)
-
(1,167)
Dividends received
 
-
(95)
(95)
Sale of shares in equity-accounted investment
(2,096)
-
(2,096)
Foreign currency adjustment
(2)
(2)
4
2
Balance as of June 30, 2024
$
-
$
206
$
206
Investment in loans:
Balance as of June 30, 2022
$
-
$
-
$
-
Loans repaid
-
(112)
(112)
Loans granted
-
112
112
Balance as of June 30, 2023
-
-
-
Balance as of June 30, 2024
$
-
$
-
$
-
Equity
Loans
Total
Carrying amount as of :
June 30, 2023
$
3,171
 
$
-
 
$
3,171
 
June 30, 2024
$
206
 
$
-
 
$
206
(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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
June 30,
2024
2023
Total equity investments
 
$
76,297
$
76,297
Investment in
10
% (June 30, 2023:
10
%) of MobiKwik
(1)
76,297
76,297
Investment in
5
% of Cell C (June 30, 2023:
5
%) at fair value (Note 6)
-
-
Investment in
87.50
% of CPS (June 30, 2023:
87.50
%) at fair value
(1)(2)
-
-
Policy holder assets under investment contracts (Note 11)
216
257
Reinsurance assets under insurance contracts (Note 11)
1,469
1,040
Total other long-term
 
assets
$
77,982
$
77,594
(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.
Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost basis
Unrealized
holding gains
Unrealized
holding losses
Carrying
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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost basis
Unrealized
holding gains
Unrealized
holding losses
Carrying
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 Calculation Of Gain (Loss) On Disposal
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
ended June 30,
2024
2023
2022
Loss on disposal of Finbond shares:
Consideration received in cash
$
3,508
$
265
$
865
Less: carrying value of Finbond shares sold
(2,112)
(363)
(630)
Less: release of foreign currency translation reserve from accumulated
other comprehensive loss
(1,543)
(252)
(620)
Add: release of stock-based compensation charge related
 
to equity-
accounted investment
147
9
9
Loss on sale of Finbond shares
$
-
$
(341)
$
(376)
Carbon [Member]  
Schedule Of Calculation Of Gain (Loss) On Disposal
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
ended
June 30,
2023
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
 
did
 
not
 
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.