XML 43 R31.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Basis Of Presentation And Summary Of Significant Accounting Policies (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2018
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract] |
Schedule Of Impact Of Restatement On Consolidated 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
|  | Retained |  | Accumulated other |
|  | earnings |  | comprehensive 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 adjustment |  | 212 |  |  | (32,473 | ) |  | (32,685 | )
Increase (Decrease) in deferred taxes |  | (1,308 | ) |  | 7,274 |  |  | 5,966 |
Net cash provided by operating activities | $ | 132,605 |  | $ | - |  | $ | 132,605 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration