Equity-Accounted Investments And Other Long-Term Assets (Tables)

6 Months Ended

Dec. 31, 2018

Equity-Accounted Investments And Other Long-Term Assets [Abstract]

Ownership Percentage Of Equity-Accounted Investments


	December 31,		June 30,
	2018		2018
Bank Frick & Co AG ("Bank Frick")	35	%	35	%
Fanaka Holdings (Pty) Ltd ("Fanaka")	40	%	-
Finbond Group Limited ("Finbond")	29	%	29	%
OneFi Limited (formerly KZ One) ("OneFi")	25	%	25	%
SmartSwitch Namibia (Pty) Ltd ("SmartSwitch Namibia")	50	%	50	%
Speckpack Field Services (Pty) Ltd ("Speckpack")	50	%	50	%
V2 Limited ("V2")	50	%	-
Walletdoc Proprietary Limited ("Walletdoc")	20	%	20	%

Summary Of Movement In Equity-Accounted Investments


		Bank
		Frick			Finbond			Other^(1⁾			Total
Investment in equity:
Balance as of June 30, 2018	$	48,129		$	30,958		$	6,092		$	85,179
Acquisition of shares		-			1,920			2,500			4,420
Stock-based compensation		-			77			-			77
Comprehensive income (loss):		(1,805	)		7,305			56			5,556
Other comprehensive income		-			5,430			-			5,430
Equity accounted earnings (loss)		(1,805	)		1,875			56			126
Share of net income		564			1,852			56			2,472
Amortization of acquired intangible assets		(375	)		-			-			(375	)
Deferred taxes on acquired intangible assets		90			-			-			90
Dilution resulting from corporate transactions		-			23			-			23
Other		(2,084	)		-			-			(2,084	)
Dividends received		-			(1,920	)		(454	)		(2,374	)
Return on investment		-			-			(284	)		(284	)
Foreign currency adjustment⁽²⁾		(341	)		(1,712	)		(104	)		(2,157	)
Balance as of December 31, 2018	$	45,983		$	36,628		$	7,806		$	90,417

Investment in loans:
Balance as of June 30, 2018	$	-		$	-		$	3,152		$	3,152
Foreign currency adjustment⁽²⁾		-			-			(8	)		(8	)
Balance as of December 31, 2018	$	-		$	-		$	3,144		$	3,144

(1) Includes Fanaka, OneFi, SmartSwitch Namibia, Speckpack, V2 and Walletdoc;

(2) The foreign currency adjustment represents the effects of the fluctuations of the South African rand, Swiss franc, Nigerian naira and Namibian dollar, and the U.S. dollar on the carrying value.

Carrying Amount Of Equity-Accounted Investments


		Equity		Loans		Total
Carrying amount as of:
June 30, 2018	$	85,179	$	3,152	$	88,331
December 31, 2018	$	90,417	$	3,144	$	93,561

Summary Of Other Long-Term Asset


		December 31,		June 30,
		2018		2018

Total equity investments	$	176,051	$	199,865
Investment in 15% of Cell C, at fair value (Note 6)		149,058		172,948
Investment in 12% of MobiKwik⁽¹⁾		26,993		26,917
Total held to maturity investments		9,036		10,395
Investment in 7.625% of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625% notes		9,036		10,395
Long-term portion of payments to agents in South Korea amortized over the contract period		14,341		17,582
Long-term portion of other finance loans receivable		12,245		12,283
Contingent purchase consideration		-		9,064
Policy holder assets under investment contracts (Note 9)		593		610
Reinsurance assets under insurance contracts (Note 9)		688		633
Other long-term assets		6,623		5,948
Total other long-term assets	$	219,577	$	256,380

(1) The Company has determined that MobiKwik does not have readily determinable fair value and has therefore elected to recorded 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


				Unrealized		Unrealized
				holding		holding		Carrying
		Cost basis		gains		losses		value
Equity securities:
Investment in MobiKwik	$	26,993	$	-	$	-	$	26,993
Held to maturity:
Investment in Cedar Cellular notes		9,036		-		-		9,036
Total	$	35,993	$	-	$	-	$	37,591


				Unrealized		Unrealized
		Cost		holding		holding		Carrying
		basis⁽¹⁾		gains⁽¹⁾		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


				Estimated
		Cost		fair
		basis		value^(1⁾
Due in one year or less	$	-	$	-
Due in one year through five years		9,036		8,546
Due in five years through ten years		-		-
Due after ten years		-		-
Total	$	9,036	$	8,546

(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.