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Equity-Accounted Investments And Other Long-Term Assets (Tables) | 12 Months Ended
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Jun. 30, 2019
Equity-Accounted Investments And Other Long-Term Assets [Abstract] |
Ownership Percentage Of Equity-Accounted Investments |
| 2019 |  | 2018 |
Bank Frick | 35 | % | 35 | %
DNI | 30 | % | n/a |
Finbond | 29 | % | 29 | %
OneFi Limited ("OneFi") | 25 | % | 25 | %
SmartSwitch Namibia (Pty) Ltd ("SmartSwitch Namibia") | 50 | % | 50 | %
V2 Limited ("V2") | 50 | % | n/a |
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, 2017 – as reported |  | $- |  |  | $- |  | $ | 18,961 |  | $ | 6,742 |  | $ | 25,703 |
Correction of Finbond error (Note 1) |  |  |  |  |  |  |  | (1,927 | ) |  |  |  |  | (1,927 | )
Balance as of July 1, 2017 – as restated |  | - |  |  | - |  |  | 17,034 |  |  | 6,742 |  |  | 23,776 |
Acquisition of shares |  | 79,541 |  |  | 51,949 |  |  | 13,043 |  |  | - |  |  | 144,533 |
Stock-based compensation |  | - |  |  | - |  |  | (139 | ) |  | - |  |  | (139 | )
Comprehensive income (loss): |  | 7,005 |  |  | (606 | ) |  | 2,768 |  |  | 4 |  |  | 9,171 |
Other comprehensive loss |  | - |  |  | - |  |  | (2,426 | ) |  | - |  |  | (2,426 | )
Equity accounted earnings (loss) |  | 7,005 |  |  | (606 | ) |  | 5,194 |  |  | 4 |  |  | 11,597 |
Share of net income (loss) |  | 9,510 |  |  | 201 |  |  | 5,450 |  |  | 4 |  |  | 15,165 |
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 | ) |  | (2,628 | ) |  | (593 | ) |  | (9,298 | )
Balance as of June 30, 2018 |  | $- |  |  | $48,129 |  |  | $28,982 |  |  | $6,092 |  |  | $83,203 |
|  |  |  |  | Bank |  |  |  |  |  |  |  |  |  |
| DNI | (1 | ) |  | Frick |  |  | Finbond |  | Other | (2 | ) |  | Total |
Balance as of June 30, 2018 |  | $- |  |  | $48,129 |  |  | $28,982 |  |  | $6,092 |  |  | $83,203 |
Re-measurement of 8% of DNI (Note 3) |  | 14,849 |  |  | - |  |  | - |  |  | - |  |  | 14,849 |
Re-measurement of 30% of DNI (Note 3) |  | 59,346 |  |  | - |  |  | - |  |  | - |  |  | 59,346 |
Acquisition of shares |  | - |  |  | - |  |  | 1,920 |  |  | 2,989 |  |  | 4,909 |
Stock-based compensation |  | - |  |  | - |  |  | 117 |  |  | - |  |  | 117 |
Comprehensive income (loss): |  | 839 |  |  | (1,542 | ) |  | 7,079 |  |  | (669 | ) |  | 5,707 |
Other comprehensive loss |  | - |  |  | - |  |  | 4,251 |  |  | - |  |  | 4,251 |
Equity accounted earnings (loss) |  | 839 |  |  | (1,542 | ) |  | 2,828 |  |  | (669 | ) |  | 1,456 |
Share of net income (loss) |  | 1,354 |  |  | 1,109 |  |  | 2,524 |  |  | (669 | ) |  | 4,318 |
Amortization - acquired intangible assets |  | (715 | ) |  | (747 | ) |  | - |  |  | - |  |  | (1,462 | )
Deferred taxes - acquired intangible assets |  | 200 |  |  | 180 |  |  | - |  |  | - |  |  | 380 |
Dilution resulting from corporate transactions |  | - |  |  | - |  |  | 304 |  |  | - |  |  | 304 |
Other |  | - |  |  | (2,084 | ) |  | - |  |  | - |  |  | (2,084 | )
Dividends received |  | (864 | ) |  | - |  |  | (1,920 | ) |  | (454 | ) |  | (3,238 | )
Return on investment |  | - |  |  | - |  |  | - |  |  | (284 | ) |  | (284 | )
Deconsolidation of DNI (Note 3) |  | - |  |  | - |  |  | - |  |  | (242 | ) |  | (242 | )
Sale of 8% interest in DNI (Note 3) |  | (14,996 | ) |  | - |  |  | - |  |  | - |  |  | (14,996 | )
Foreign currency adjustment(3) |  | 1,829 |  |  | 653 |  |  | (878 | ) |  | (34 | ) |  | 1,570 |
Balance as of June 30, 2019 | $ | 61,003 |  | $ | 47,240 |  | $ | 35,300 |  | $ | 7,398 |  | $ | 150,941 |
Investment in loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of July 1, 2017 | $ | - |  | $ | - |  | $ | - |  | $ | 2,159 |  | $ | 2,159 |
Loans granted |  | - |  |  | - |  |  | - |  |  | 1,000 |  |  | 1,000 |
Transfer from accounts receivable, net and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
receivables |  | - |  |  | - |  |  | 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 |
Transfer to accounts receivable, net and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
receivables |  | - |  |  | - |  |  | - |  |  | (3,000 | ) |  | (3,000 | )
Foreign currency adjustment(3) |  | - |  |  | - |  |  | - |  |  | (4 | ) |  | (4 | )
Balance as of June 30, 2019 | $ | - |  | $ | - |  | $ | - |  | $ | 148 |  | $ | 148 |
(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, and then again from March 31, 2019; (2) Includes OneFi, SmartSwitch Namibia, V2 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, 2018 |  |  |  |  |  |  | $ | 83,203 |  | $ | 3,152 |  |  |  |
Continuing |  |  |  |  |  |  | $ | 82,864 |  | $ | 3,152 |  | $ | 86,016 |
Discontinued (Note 3) |  |  |  |  |  |  | $ | 339 |  | $ | - |  | $ | 339 |
June 30, 2019 |  |  |  |  |  |  | $ | 150,968 |  | $ | 148 |  | $ | 151,116 |
Summary Financial Information Of Equity-Accounted Investments |
| DNI | Bank Frick | Finbond |  | Other(1) |
Balance sheet, as of | June 30 | June 30 | February 28(2) |  | Various(3) |
Current assets(4) |  |  |  |  |  |
2019 | $35,608 | n/a | n/a |  | $17,781 |
2018 | n/a | n/a | n/a |  | 11,433 |
Long-term assets |  |  |  |  |  |
2019 | 39,851 | $1,013,677 | $240,792 |  | 2,304 |
2018 | n/a | 1,418,160 | 252,265 |  | 1,343 |
Current liabilities(4) |  |  |  |  |  |
2019 | 25,757 | n/a | n/a |  | 8,492 |
2018 | n/a | n/a | n/a |  | 3,295 |
Long-term liabilities |  |  |  |  |  |
2019 | 7,324 | 915,050 | 125,704 |  | 4,654 |
2018 | n/a | 1,323,470 | 175,539 |  | 3,930 |
Redeemable stock |  |  |  |  |  |
2019 | - | - | - |  | - |
2018 | n/a | - | - |  | - |
Non-controlling interests |  |  |  |  |  |
2019 | 1,100 | - | 11,696 |  | 25 |
2018 | n/a | - | 10,948 |  | - |
Statement of operations, for the period ended | June 30(5) | June 30(6) | February 28(2) |  | Various(7) |
Revenue |  |  |  |  |  |
2019 | 15,898 | 41,126 | 174,177 |  | 33,807 |
2018 | n/a | 33,814 | 161,915 |  | 10,955 |
2017 | n/a | n/a | 97,431 |  | 7,168 |
Operating income (loss) |  |  |  |  |  |
2019 | 5,814 | 3,633 | 21,592 |  | (753 | )
2018 | n/a | 776 | 33,989 |  | 826 |
2017 | n/a | n/a | 19,551 |  | 276 |
Income (loss) from continuing operations |  |  |  |  |  |
2019 | 4,306 | 3,169 | 10,152 |  | (915 | )
2018 | n/a | 617 | 18,651 |  | 152 |
2017 | n/a | n/a | 9,700 |  | 3 |
Net income (loss) |  |  |  |  |  |
2019 | $4,481 | 3,169 | 10,152 |  | (1,029 | )
2018 | n/a | $617 | 18,651 |  | 152 |
2017 | n/a | n/a | $9,700 |  | $3 |
(1) Includes OneFi, SmartSwitch Namibia, Walletdoc and V2, as appropriate; (2) Finbond balances included were derived from its publically available information. The amounts as of February 28, 2018 and for the years ended February 28, 2018 and 2017, respectively, have been restated for the error described in Note 1; (3) Balance sheet information for OneFi, SmartSwitch Namibia and V2 is as of June 30, 2019 and 2018, and Walletdoc as of February 28, 2019 and 2018, respectively. (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 DNI is for the period from April 1, 2019 to June 30, 2019. (6) Statement of operations information for 2018 for Bank Frick is for the period from October 1, 2017 to June 30, 2018. (7) Statement of operations information for OneFi, SmartSwitch Namibia and V2 for the year ended June 30, and Walletdoc for the year ended February 28.
Summary Of Other Long-Term Asset |
|  | June 30, |  | June 30,
|  | 2019 |  | 2018
Total equity investments | $ | 26,993 | $ | 199,865
Investment in 15% of Cell C, at fair value (Note 7) |  | - |  | 172,948
Investment in MobiKwik(1) |  | 26,993 |  | 26,917
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 agents in South Korea amortized over the contract period |  | 9,564 |  | 17,582
Policy holder assets under investment contracts (Note 11) |  | 619 |  | 610
Reinsurance assets under insurance contracts (Note 11) |  | 1,163 |  | 633
Other long-term assets |  | 5,850 |  | 5,947
Total other long-term assets | $ | 44,189 | $ | 235,032
(1) The Company has determined that MobiKwik does not have readily determinable fair value and has therefore elected to record this investment 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. The Company accounted for its investment in MobiKwik at cost as of June 30, 2018.
Summary Of Unrealized Gain (Loss) On Investments | Summarized below are the components of the Company's equity securities without readily determinable fair value and held to maturity investments as of June 30, 2019:
|  |  |  | Unrealized |  | Unrealized |  | Carrying
|  | Cost basis |  | holding gains |  | holding losses |  | value
Equity securities: |  |  |  |  |  |  |  |
Investment in MobiKwik | $ | 26,993 | $ | - | $ | - | $ | 26,993
Held to maturity: |  |  |  |  |  |  |  |
Investment in Cedar Cellular notes |  | - |  | - |  | - |  | -
Total | $ | 26,993 | $ | - | $ | - | $ | 26,993
Summarized below are the components of the Company's held to maturity investments as of June 30, 2018:
|  | Cost |  | Unrealized |  | Unrealized |  | Carrying
|  | basis(1) |  | holding gains(1) |  | holding losses |  | value
Held to maturity: |  |  |  |  |  |  |  |
Investment in Cedar Cellular notes | $ | 10,395 | $ | - | $ | - | $ | 10,395
Total | $ | 10,395 | $ | - | $ | - | $ | 10,395
(1) An amount of $1.4 million attributed to interest recognized under the Cedar Cellular note was incorrectly included in the unrealized holding gains column as of June 30, 2018, and has been reclassified to the cost basis column.
Summary Of Contractual Maturity Of Investment |
|  | Cost basis |  | Estimated fair value(1)
Due in one year or less | $ | - | $ | -
Due in one year through five years(2) |  | - |  | -
Due in five years through ten years |  | - |  | -
Due after ten years |  | - |  | -
Total | $ | - | $ | -
(1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Company's portion of the security provided to the Company by Cedar Cellular, namely, Cedar Cellular's investment in Cell C. (2) The cost basis is zero ($0.0 million).

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