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Acquisitions (Tables) | 12 Months Ended
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Jun. 30, 2018
Business Acquisition [Line Items] |
Schedule Of Cash Paid Net Of Cash Received Related To Company Acquisitions |
|  | 2018 |  | 2017 |  | 2016
DNI(1) | $ | 6,202 | $ | - | $ | -
Masterpayment Financial Services Limited (formerly C4U-Malta Limited) ("Malta FS") |  | - |  | 2,940 |  | -
Pros Software Proprietary Limited ("Pros Software") |  | - |  | 1,711 |  | -
Transact24 Limited ("Transact24") |  | - |  | - |  | 1,666
Masterpayment AG ("Masterpayment") |  | - |  | - |  | 14,101
Total cash paid, net of cash received | $ | 6,202 | $ | 4,651 | $ | 15,767
(1) – represents the cash paid, net of cash acquired, to acquire a further 6% voting and economic interest, which resulted in the Company obtaining a controlling stake in DNI. As described below, the acquisition of DNI occurred in stages and DNI was accounted for using the equity method until June 30, 2018, being the point at which the Company obtained control over DNI. The total cash paid, net of cash acquired, to obtain a 55% voting and economic interest in DNI was $85.7 million.
DNI [Member] |
Business Acquisition [Line Items] |
Schedule Of Purchase Price Allocation Translated At Applicable Foreign Exchange Rate |
|  | DNI |
Cash and cash equivalents | $ | 2,979 |
Accounts receivable |  | 16,977 |
Inventory |  | 2,526 |
Property, plant and equipment |  | 1,317 |
Equity-accounted investment - Speckpack(Note 9) |  | 339 |
Goodwill (Note 10) |  | 114,161 |
Intangible assets (Note 10) |  | 104,003 |
Deferred tax assets |  | 561 |
Other long-term assets(1) |  | 21,348 |
Accounts payables and other payables |  | (20,914 | )
Income taxes payable |  | - |
Other long-term liabilities(1) |  | (8,291 | )
Deferred tax liabilities |  | (29,121 | )
Fair value of assets and liabilities on acquisition |  | 205,885 |
Less: fair value attributable to controlling interests on acquisition date |  | (94,123 | )
Less: fair value of equity-accounted investment, comprising: |  | (100,947 | )
Add: loss on re-measurement of previously held interest |  | 4,614 |
Less: Contingent payment recognized related to 49% interest acquired |  | (25,589 | )
Less: carrying value at the acquisition date (Note 9) |  | (79,972 | )
Less: Contingent payment recognized related to 6% interest acquired |  | (1,633 | )
Total purchase price | $ | 9,182 |
(1) –DNI concluded an acquisition in November 2017 and other long-term liabilities includes a contingent purchase consideration of ZAR 113.8 million ($8.3 million) due to the sellers and other long-term assets includes an amount due from the DNI shareholders, excluding the Company. DNI is obligated under the terms of this obligation to pay 50% of the purchase consideration plus or (less) a contingent amount (refund) calculated on a multiple of excess (deficit) earnings over (less) an agreed earnings amount. The other DNI shareholders have agreed to reimburse DNI the 50% consideration plus (less) the contingent amount (refund) payable in full. Therefore, other long-term asset includes the amounts due from the DNI shareholder, excluding the Company, and other long-term liabilities includes the contingent consideration due under the November 2017 acquisition. The Company expects DNI to pay, and to be reimbursed, the additional amount during the first quarter of the year ended June 30, 2020, which amount represents the present value of the ZAR 129.0 million ($9.4 million) to be paid (amounts translated at exchange rates applicable as of June 30, 2018). The present value of ZAR 113.8 million ($8.3 million) has been calculated using the following assumptions (a) the maximum additional amount of ZAR 129.0 million will be paid on August 1, 2019 and (b) an interest rate of 10.0 % (the rate used to calculate interest earned by DNI on its surplus South African funds) has been used to discount the ZAR 129.0 million to its present value as of June 30, 2018. Utilization of different inputs, or changes to these inputs, may result in significantly higher or lower fair value measurement.
Malta FS And Pros Software [Member] |
Business Acquisition [Line Items] |
Schedule Of Purchase Price Allocation Translated At Applicable Foreign Exchange Rate |
|  | Malta FS |  |  | Pros Software |  |  | Total |
Cash and cash equivalents | $ | 999 |  | $ | 110 |  | $ | 1,109 |
Accounts receivable |  | 983 |  |  | 165 |  |  | 1,148 |
Property, plant and equipment |  | 30 |  |  | 9 |  |  | 39 |
Intangible assets (Note 10) |  | 1,078 |  |  | 2,311 |  |  | 3,389 |
Goodwill (Note 10) |  | 2,475 |  |  | - |  |  | 2,475 |
Accounts payables and other payables |  | (1,570 | ) |  | (58 | ) |  | (1,628 | )
Income taxes payable |  | - |  |  | (69 | ) |  | (69 | )
Deferred tax liabilities |  | (56 | ) |  | (647 | ) |  | (703 | )
Total purchase price | $ | 3,939 |  | $ | 1,821 |  | $ | 5,760 |
Transact24 And Masterpayment [Member] |
Business Acquisition [Line Items] |
Schedule Of Purchase Price Allocation Translated At Applicable Foreign Exchange Rate |
|  | Transact24 |  |  | Masterpayment |  |  | Total |
Cash and cash equivalents | $ | 1,334 |  | $ | 665 |  | $ | 1,999 |
Accounts receivable |  | 2,019 |  |  | 765 |  |  | 2,784 |
Property, plant and equipment |  | 154 |  |  | 18 |  |  | 172 |
Deferred tax assets |  | 1,070 |  |  | - |  |  | 1,070 |
Intangible assets (Note 10) |  | 4,974 |  |  | 9,428 |  |  | 14,402 |
Goodwill (Note 10) |  | 6,024 |  |  | 17,084 |  |  | 23,108 |
Accounts payables and other payables |  | (1,898 | ) |  | (1,114 | ) |  | (3,012 | )
Deferred tax liabilities |  | (1,243 | ) |  | (2,236 | ) |  | (3,479 | )
Fair value of assets and liabilities on acquisition |  | 12,434 |  |  | 24,610 |  |  | 37,044 |
Less: fair value of equity-accounted investment, comprising: |  | (5,471 | ) |  | - |  |  | (5,471 | )
Less: gain on re-measurement of previously held interest |  | (1,908 | ) |  | - |  |  | (1,908 | )
Less: carrying value at the acquisition date |  | (3,563 | ) |  | - |  |  | (3,563 | )
Less: fair value attributable to controlling interests on acquisition date . |  | - |  |  | (9,844 | ) |  | (9,844 | )
Total purchase price | $ | 6,963 |  |  | 14,766 |  | $ | 21,729 |
Add: carrying value of non-controlling interests acquired |  |  |  |  | 9,867 |  |  |  |
Add: adjustment to Net1 equity (Note 15) |  |  |  |  | 1,322 |  |  |  |
Cash paid for non-controlling interest (Note 15) |  |  |  |  | 11,189 |  |  |  |
Total consideration paid for Masterpayment |  |  |  | $ | 25,955 |  |  |  |

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