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Equity-Accounted Investments And Other Long-Term Assets (Tables) | 12 Months Ended
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Jun. 30, 2018
Equity-Accounted Investments And Other Long-Term Assets [Abstract] |
Ownership Percentage Of Equity-Accounted Investments |
| 2018 |  | 2017 |
Bank Frick | 35 | % | - |
Finbond | 29 | % | 26 | %
OneFi Limited (formerly KZ One) ("OneFi") | 25 | % | 25 | %
SmartSwitch Namibia (Pty) Ltd ("SmartSwitch Namibia") | 50 | % | 50 | %
Speckpack Field Services (Pty) Ltd ("Speckpack") | 50 | % | - |
Walletdoc Proprietary Limited ("Walletdoc") | 20 | % | 20 | %
Summary Of Movement In Equity-Accounted Investments |
|  |  |  |  | Bank |  |  |  |  |  |  |  |  |  |
|  | DNI(1) |  |  | Frick |  |  | Finbond |  |  | Other(2) |  |  | Total |
Investment in equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2016 | $ | - |  | $ | - |  | $ | 16,304 |  | $ | 8,185 |  |  | 24,489 |
Stock-based compensation |  | - |  |  | - |  |  | 89 |  |  | - |  |  | 89 |
Comprehensive income (loss): |  | - |  |  | - |  |  | 816 |  |  | (849 | ) |  | (33 | )
Other comprehensive loss |  | - |  |  | - |  |  | (1,687 | ) |  | (1,010 | ) |  | (2,697 | )
Equity accounted earnings (loss) |  | - |  |  | - |  |  | 2,503 |  |  | 161 |  |  | 2,664 |
Share of net income |  | - |  |  | - |  |  | 2,709 |  |  | 161 |  |  | 2,870 |
Dilution resulting from corporate transactions |  | - |  |  | - |  |  | (206 | ) |  | - |  |  | (206 | )
Dividends received |  | - |  |  | - |  |  | (477 | ) |  | (710 | ) |  | (1187 | )
Foreign currency adjustment(3) |  | - |  |  | - |  |  | 2,229 |  |  | 116 |  |  | 2,345 |
Balance as of June 30, 2017 |  | - |  |  | - |  |  | 18,961 |  |  | 6,742 |  |  | 25,703 |
Acquisition of shares |  | 79,541 |  |  | 51,949 |  |  | 13,043 |  |  | - |  |  | 144,533 |
Stock-based compensation |  | - |  |  | - |  |  | (139 | ) |  | - |  |  | (139 | )
Comprehensive income (loss): |  | 7,005 |  |  | (606 | ) |  | 2,901 |  |  | 4 |  |  | 9,304 |
Other comprehensive loss |  | - |  |  | - |  |  | (2,426 | ) |  | - |  |  | (2,426 | )
Equity accounted earnings (loss) |  | 7,005 |  |  | (606 | ) |  | 5,327 |  |  | 4 |  |  | 11,730 |
Share of net income (loss) |  | 9,510 |  |  | 201 |  |  | 5,583 |  |  | 4 |  |  | 15,298 |
Amortization - acquired intangible assets |  | (3,480 | ) |  | (531 | ) |  | - |  |  | - |  |  | (4,011 | )
Deferred taxes - acquired intangible assets |  | 975 |  |  | 128 |  |  | - |  |  | - |  |  | 1,103 |
Dilution resulting from corporate transactions |  | - |  |  | - |  |  | (256 | ) |  | - |  |  | (256 | )
Other |  | - |  |  | (404 | ) |  | - |  |  | - |  |  | (404 | )
Dividends received |  | (1,765 | ) |  | (1,946 | ) |  | (1,096 | ) |  | (400 | ) |  | (5,207 | )
Carrying value at the acquisition date (Note 3) |  | (79,972 | ) |  | - |  |  | - |  |  | 339 |  |  | (79,633 | )
Foreign currency adjustment(3) |  | (4,809 | ) |  | (1,268 | ) |  | (2,712 | ) |  | (593 | ) |  | (9,382 | )
Balance as of June 30, 2018 | $ | - |  | $ | 48,129 |  | $ | 30,958 |  | $ | 6,092 |  | $ | 85,179 |
Investment in loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2016 | $ | - |  | $ | - |  |  | 1,015 |  |  | 141 |  | $ | 1,156 |
Loans granted |  |  |  |  |  |  |  | 10,044 |  |  | 2,000 |  |  | 12,044 |
Interest accrued |  |  |  |  |  |  |  | 107 |  |  | 0 |  |  | 107 |
Foreign currency adjustment(3) |  | - |  |  | - |  |  | 754 |  |  | 18 |  |  | 772 |
Included in accounts receivable, net (Note 5) |  | - |  |  | - |  |  | (11,920 | ) |  | 0 |  |  | (11,920 | )
Balance as of June 30, 2017 |  | - |  |  | - |  |  | - |  |  | 2,159 |  |  | 2,159 |
Loans granted |  | - |  |  | - |  |  | - |  |  | 1,000 |  |  | 1,000 |
Transfer from accounts receivable, net |  | - |  |  | - |  |  | 11,235 |  |  | - |  |  | 11,235 |
Transfer to investment in equity |  | - |  |  | - |  |  | (11,102 | ) |  | - |  |  | (11,102 | )
Foreign currency adjustment(3) |  | - |  |  | - |  |  | (133 | ) |  | (7 | ) |  | (140 | )
Balance as of June 30, 2018 | $ | - |  | $ | - |  | $ | - |  | $ | 3,152 |  | $ | 3,152 |
(1) DNI was included as an equity-accounted investment from August 1, 2017 until June 30, 2018, the date upon which the Company obtained control and commenced consolidation of DNI; (2) Includes OneFi, SmartSwitch Namibia, Speckpack and Walletdoc; (3) The foreign currency adjustment represents the effects of the fluctuations of the South African rand, Nigerian naira and Namibian dollar, against the U.S. dollar on the carrying value.
Carrying Amount Of Equity-Accounted Investments |
|  | Equity |  | Loans |  | Total
Carrying amount as of: |  |  |  |  |  |
June 30, 2017 | $ | 25,703 | $ | 2,159 | $ | 27,862
June 30, 2018 | $ | 85,179 | $ | 3,152 | $ | 88,331
Summary Financial Information Of Equity-Accounted Investments |
|  | Bank Frick |  | Finbond |  | Other(1) |
Balance sheet, as of |  | June 30 |  | February 28(2) |  | Various(3) |
Current assets(4) |  |  |  |  |  |  |
2018 |  | n/a |  | n/a | $ | 11,433 |
2017 |  | n/a |  | n/a |  | 9,196 |
Long-term assets |  |  |  |  |  |  |
2018 | $ | 1,418,160 | $ | 266,149 |  | 1,343 |
2017 |  | n/a |  | 229,875 |  | 813 |
Current liabilities(4) |  |  |  |  |  |  |
2018 |  | n/a |  | n/a |  | 3,295 |
2017 |  | n/a |  | n/a |  | 443 |
Long-term liabilities |  |  |  |  |  |  |
2018 |  | 1,323,470 |  | 178,587 |  | 3,930 |
2017 |  | n/a |  | 152,827 |  | 2,872 |
Redeemable stock |  |  |  |  |  |  |
2018 |  | - |  | - |  | - |
2017 |  | n/a |  | - |  | - |
Non-controlling interests |  |  |  |  |  |  |
2018 |  | - |  | 13,896 |  | - |
2017 |  | n/a |  | 17,366 |  | - |
Statement of operations, for the period ended |  | June 30(5) |  | February 28(2) |  | Various(6) |
Revenue |  |  |  |  |  |  |
2018 |  | 33,814 |  | 161,915 |  | 10,955 |
2017 |  | n/a |  | 97,431 |  | 7,168 |
2016 |  | n/a |  | n/a |  | 4,966 |
Operating income (loss) |  |  |  |  |  |  |
2018 |  | 776 |  | 35,225 |  | 826 |
2017 |  | n/a |  | 19,551 |  | 276 |
2016 |  | n/a |  | n/a |  | (21 | )
Income (loss) from continuing operations |  |  |  |  |  |  |
2018 |  | 617 |  | 19,167 |  | 152 |
2017 |  | n/a |  | 9,700 |  | 3 |
2016 |  | n/a |  | n/a |  | (268 | )
Net income (loss) |  |  |  |  |  |  |
2018 | $ | 617 |  | 19,167 |  | 152 |
2017 |  | n/a | $ | 9,700 |  | 3 |
2016 |  | n/a |  | n/a | $ | (268 | )
(1) Includes OneFi, SmartSwitch Namibia, Speckpack and Walletdoc; (2) Finbond is listed on the Johannesburg Stock Exchange and the balances included were derived from its publically available information; (3) Balance sheet information for OneFi, SmartSwitch Namibia and Speckpack is as of June 30, 2018, and Walletdoc as of February 28, 2018. (4) Bank Frick and Finbond are banks and do not present current and long-term assets and liabilities. All assets and liabilities of these two entities are included under the long-term caption. (5) Statement of operations information for Bank Frick is for the period from October 1, 2017 to June 30, 2018. (6) Statement of operations information for OneFi and SmartSwitch Namibia for the year ended June 30, 2018, and Walletdoc for the year ended February 28, 2018
Summary Of Other Long-Term Asset |
|  | 2018 |  | 2017
Total equity investments | $ | 199,865 | $ | 26,317
Investment in 15% of Cell C, at fair value (Note 7) |  | 172,948 |  | -
Investment in 12% of MobiKwik, at cost(1) |  | 26,917 |  | 26,317
Total held to maturity investments |  | 10,395 |  | -
Investment in 7.625% of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625% notes |  | 10,395 |  | -
Long-term portion of payments to South Korean agents amortized over the contract period |  | 17,582 |  | 17,290
Long-term portion of other finance loans receivable(Note 5) |  | 12,283 |  | -
Contingent purchase consideration (Note 3) |  | 9,064 |  | -
Policy holder assets under investment contracts (Note 11) |  | 610 |  | 627
Reinsurance assets under insurance contracts Note 11) |  | 633 |  | 191
Other long-term assets(1) |  | 5,948 |  | 5,271
Total other long-term assets | $ | 256,380 | $ | 49,696
(1) The investment in MobiKwik and other investments in common stock included within other long-term assets are carried at cost and are reviewed quarterly for indicators of other-than-temporary impairment. It is not practicable for the Company to reliably estimate the fair value of these investments.
Summary Of Unrealized Gain (Loss) On Investments |
|  |  |  | Unrealized | Unrealized |  |
|  |  |  | holding | holding |  | Carrying
|  | Cost basis |  | gains | losses |  | value
Available for sale: |  |  |  |  |  |  |
Investment in Cell C | $ | 145,714 | $ | 32,473 | $- | $ | 172,948
Held to maturity: |  |  |  |  |  |  |
Investment in Cedar Cellular notes |  | 9,000 |  | 1,395 | - |  | 10,395
Total | $ | 154,714 | $ | 33,868 | $- | $ | 183,343
Summary Of Contractual Maturity Of Investment |
|  |  |  | Estimated
|  | Cost basis |  | fair value
Due in one year or less | $ | - | $ | -
Due in one year through five years |  | 9,000 |  | 9,916
Due in five years through ten years |  | - |  | -
Due after ten years |  | - |  | -
Total | $ | 9,000 | $ | 9,916

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