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Description Of Business And Basis Of Presentation (Table)
 12 Months Ended
Jun. 30, 2018
Description Of Business And Basis Of Presentation [Abstract]  
Restatement Of Financial Statements

 

Consolidated balance sheet
    As of June 30, 2018  
    As           As  
    reported     Correction     restated  
    (in thousands)  
Accumulated other comprehensive loss $ (159,237 ) $ (25,199 ) $ (184,436 )
Retained earnings   812,426     25,199     837,625  
Total equity $ 738,430   $ -   $ 738,430  

 

 
Consolidated statement of operations
  Year ended June 30, 2018
    As       As
    reported   Correction   restated
  (in thousands, except per share data)
Change in fair value of equity securities $ - $ 32,473 $ 32,473
Income before income taxes   67,893   32,473   100,366
Income tax expense   41,353   7,274   48,627
Net income before earnings from equity-accounted investments   26,540   25,199   51,739
Net income   38,270   25,199   63,469
Net income attributable to Net1 $ 39,150 $ 25,199 $ 64,349
Net income per share, in United States dollars:            
Basic earnings attributable to Net1 shareholders   0.69   0.44   1.13
Diluted earnings attributable to Net1 shareholders   0.69   0.44   1.13

 

Consolidated statement of comprehensive income
  Year ended June 30, 2018
    As         As  
    reported   Correction     restated  
  (in thousands)  
Net income $ 38,270 $ 25,199   $ 63,469  
Net unrealized income on asset available for sale, net of tax   25,199   (25,199 )   -  
Total other comprehensive income (loss)   3,234   (25,199 )   (21,965 )
Comprehensive income $ 41,504 $ -   $ 41,504  

 

Consolidated statement of changes in equity
        Accumulated  
        other  
    Retained   comprehensi  
    earnings   ve loss  
  (in thousands)
As reported – June 30, 2018 $ 812,426 $ (159,237 )
Correction of misstatement   25,199   (25,199 )
As restated – June 30, 2018 $ 837,625 $ (184,436 )

 

Consolidated statement of cash flows
  Year ended June 30, 2018
    As           As  
    reported     Correction     restated  
  (in thousands)
Net income $ 38,270   $ 25,199   $ 63,469  
Fair value adjustmentA   (212 )   (31,847 )   (32,059 )
Increase (Decrease) in deferred taxes   (1,308 )   7,274     5,966  
Net cash provided by operating activitiesA $ 132,605   $ (300 ) $ 132,305  

     (A) The Company also identified and corrected other insignificant misstatements in its consolidated statement of cash flows for the year ended June 30, 2018. The correction of these insignificant changes decreased net cash provided by operating activities with a corresponding increase in net cash provided by investing activities. The correction of these insignificant changes did not affect the net decrease increase in cash, cash equivalents and restricted cash for the year ended June 30, 2018.