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Description Of Business And Basis Of Presentation (Tables)

12 Months Ended

Jun. 30, 2019

Description Of Business And Basis Of Presentation [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)
Equity-accounted investments		$	87,992		$	(1,976	)	$	86,016
Total assets			1,219,290			(1,976	)		1,217,314
Deferred tax liabilities			16,510			(443	)		16,067
Total liabilities			373,188			(443	)		372,745
Accumulated other comprehensive loss			(184,436	)		(102	)		(184,538	)
Retained earnings			837,625			(1,431	)		836,194
Total equity		$	738,430		$	(1,533	)	$	736,897

Consolidated statement of operations
			Year ended June 30, 2018
				As					As
				reported		Correction			restated
				(in thousands, except per share data)
		Income tax expense	$	48,627	$	(30	)	$	48,597
		Net income before earnings from equity-accounted investments		51,739		30			51,769
		Earnings from equity-accounted investments		11,730		(133	)		11,597
		Net income		63,469		(103	)		63,366
		Net income attributable to Net1	$	64,349	$	(103	)	$	64,246
		Net income per share, in United States dollars:
		Basic earnings attributable to Net1 shareholders	$	1.13	$	(0.00	)	$	1.13
		Diluted earnings attributable to Net1 shareholders	$	1.13	$	(0.00	)	$	1.13
			Year ended June 30, 2017
				As					As
				reported		Correction			restated
				(in thousands, except per share data)
		Income tax expense	$	42,472	$	34		$	42,506
		Net income before earnings from equity-accounted investments		71,984		(34	)		71,950
		Earnings from equity-accounted investments		2,664		150			2,814
		Net income		74,648		116			74,764
		Net income attributable to Net1	$	72,954	$	116		$	73,070
		Net income per share, in United States dollars:
		Basic earnings attributable to Net1 shareholders	$	1.34	$	0.00		$	1.34
		Diluted earnings attributable to Net1 shareholders	$	1.33	$	0.00		$	1.33

Consolidated statement of comprehensive (loss) income
	Year ended June 30, 2018
		As						As
		reported			Correction			restated
					(in thousands)
Net income	$	63,469		$	(103	)	$	63,366
Movement in foreign currency translation reserve		(19,539	)		65			(19,474	)
Total other comprehensive (loss) income		(21,965	)		65			(21,900	)
Comprehensive income		41,504			(38	)		41,466
Comprehensive income attributed to Net1	$	42,482		$	(38	)	$	42,444
	Year ended June 30, 2017
		As						As
		reported			Correction			restated
					(in thousands)
Net income	$	74,648		$	116		$	74,764
Movement in foreign currency translation reserve		30,466			(175	)		30,291
Total other comprehensive income (loss)		27,769			(175	)		27,594
Comprehensive income		102,417			(59	)		102,358
Comprehensive income attributed to Net1	$	100,085		$	(59	)	$	100,026

Consolidated statement of changes in equity
					Accumulated
					other
		Retained			comprehensive
		earnings			loss
		(in thousands)
As reported – July 1, 2016	$	700,322		$	(189,700	)
Correction of misstatement		(1,444	)		8
As restated – July 1, 2016	$	698,878		$	(189,692	)
As reported – June 30, 2017	$	773,276		$	(162,569	)
Correction of misstatement		(1,328	)		(167	)
As restated – June 30, 2017	$	771,948		$	(162,736	)
As reported – June 30, 2018	$	837,625		$	(184,436	)
Correction of misstatement		(1,431	)		(102	)
As restated – June 30, 2018	$	836,194		$	(184,538	)

Consolidated statement of cash flows
	Year ended June 30, 2018
		As						As
		reported			Correction			restated
					(in thousands)
Net income	$	63,469		$	(103	)	$	63,366
Earnings from equity-accounted investment		(11,730	)		133			(11,597	)
Increase (Decrease) in deferred taxes		5,966			(30	)		5,936
Net cash provided by operating activities	$	132,305		$	-		$	132,305
	Year ended June 30, 2017
		As						As
		reported			Correction			restated
					(in thousands)
Net income	$	74,648		$	116		$	74,764
Earnings from equity-accounted investment		(2,664	)		(150	)		(2,814	)
Increase (Decrease) in deferred taxes		(220	)		34			(186	)
Net cash provided by operating activities	$	97,161		$	-		$	97,161

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- 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

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