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Description Of Business And Basis Of Presentation (Tables) | 12 Months Ended
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Jun. 30, 2020
Description Of Business And Basis Of Presentation [Abstract] |
Impact Of The Restatement On Financial Statements |
| Consolidated balance sheet |
|  |  | June 30, 2019 |
|  |  | As reported |  | Correction - DNI |  | Correction - Finbond |  | As restated |
|  |  | (in thousands) |
| Equity-accounted investments | $ | 151 116 |  | $ | - |  | $ | (2 689) |  | $ | 148 427 |
| Total assets |  | 672 936 |  |  | - |  |  | (2 689) |  |  | 670 247 |
| Deferred tax liabilities |  | 1 926 |  |  | - |  |  | (602) |  |  | 1 324 |
| Total liabilities |  | 245 835 |  |  | - |  |  | (602) |  |  | 245 233 |
| Accumulated other comprehensive loss |  | (199 273) |  |  | 3 227 |  |  | 234 |  |  | (195 812) |
| Retained earnings |  | 528 576 |  |  | (3 227) |  |  | (2 321) |  |  | 523 028 |
| Total equity | $ | 319 429 |  | $ | - |  | $ | (2 087) |  | $ | 317 342 |
| Consolidated statement of operations |
|  |  | Year ended June 30, 2019 |
|  |  | As reported |  | Correction - DNI |  | Correction - Finbond |  | As restated |
|  |  | (in thousands, except per share data) |
| Gain on disposal of DNI | $ | (631) |  | $ | 808 |  | $ | - |  | $ | 177 |
| Loss before income tax |  | (320 251) |  |  | 808 |  |  | - |  |  | (319 443) |
| Income tax benefit |  | (5 025) |  |  | - |  |  | (47) |  |  | (5 072) |
| Net loss before earnings from equity-accounted investments |  | (315 226) |  |  | 808 |  |  | 47 |  |  | (314 371) |
| Earnings from equity-accounted investments |  | 1 467 |  |  | - |  |  | (209) |  |  | 1 258 |
| Net loss from continuing operations |  | (313 759) |  |  | 808 |  |  | (162) |  |  | (313 113) |
| Loss on disposal of discontinued operation, net of tax |  | (5 140) |  |  | (4 035) |  |  | - |  |  | (9 175) |
| Net loss |  | (305 269) |  |  | (3 227) |  |  | (162) |  |  | (308 658) |
| Net loss attributable to Net1 |  | (307 618) |  |  | (3 227) |  |  | (162) |  |  | (311 007) |
|  | Continuing |  | (312 407) |  |  | 808 |  |  | (162) |  |  | (311 761) |
|  | Discontinued | $ | 4 789 |  | $ | (4 035) |  | $ | - |  | $ | 754 |
| Basic (loss) income per share attributable to Net1 shareholders | $ | (5,42) |  | $ | (0,06) |  | $ | (0,00) |  | $ | (5,48) |
|  | Continuing | $ | (5,50) |  | $ | 0,01 |  | $ | (0,00) |  | $ | (5,49) |
|  | Discontinued | $ | 0,08 |  | $ | (0,07) |  | $ | - |  | $ | 0,01 |
| Diluted (loss) income per share attributable to Net1 shareholders | $ | (5,42) |  | $ | (0,06) |  | $ | (0,00) |  | $ | (5,48) |
|  | Continuing | $ | (5,50) |  | $ | 0,01 |  | $ | (0,00) |  | $ | (5,49) |
|  | Discontinued | $ | 0,08 |  | $ | (0,07) |  | $ | - |  | $ | 0,01 |
|  |  | Year ended June 30, 2018 |
|  |  | As reported |  | Correction - DNI |  | Correction - Finbond |  | As restated |
|  |  | (in thousands, except per share data) |
| Income tax expense | $ | 45 729 |  | $ | - |  | $ | (623) |  | $ | 45 106 |
| Net income before earnings from equity-accounted investments |  | 48 829 |  |  | - |  |  | 623 |  |  | 49 452 |
| Earnings from equity-accounted investments |  | 4 592 |  |  | - |  |  | (2 782) |  |  | 1 810 |
| Net income from continuing operations |  | 53 421 |  |  | - |  |  | (2 159) |  |  | 51 262 |
| Net income |  | 63 366 |  |  | - |  |  | (2 159) |  |  | 61 207 |
| Net income attributable to Net1 |  | 64 246 |  |  | - |  |  | (2 159) |  |  | 62 087 |
|  | Continuing |  | 54 301 |  |  | - |  |  | (2 159) |  |  | 52 142 |
|  | Discontinued | $ | 9 945 |  | $ | - |  | $ | - |  | $ | 9 945 |
| Basic income (loss) per share attributable to Net1 shareholders | $ | 1,13 |  | $ | - |  | $ | (0,04) |  | $ | 1,10 |
|  | Continuing | $ | 0,95 |  | $ | - |  | $ | (0,04) |  | $ | 0,92 |
|  | Discontinued | $ | 0,18 |  | $ | - |  | $ | - |  | $ | 0,18 |
| Diluted income (loss) per share attributable to Net1 shareholders | $ | 1,13 |  | $ | - |  | $ | (0,04) |  | $ | 1,09 |
|  | Continuing | $ | 0,96 |  | $ | - |  | $ | (0,04) |  | $ | 0,92 |
|  | Discontinued | $ | 0,17 |  | $ | - |  | $ | - |  | $ | 0,17 |
| Consolidated statement of comprehensive (loss) income |
|  |  | Year ended June 30, 2019 |
|  |  | As reported |  | Correction - DNI |  | Correction - Finbond |  | As restated |
|  |  | (in thousands) |
| Net loss | $ | (305 269) |  | $ | (3 227) |  | $ | (162) |  | $ | (308 658) |
| Movement in foreign currency translation reserve |  | (26 194) |  |  | - |  |  | 46 |  |  | (26 148) |
| Release of foreign currency translation reserve related to disposal of DNI |  | 2 452 |  |  | 3 227 |  |  | - |  |  | 5 679 |
| Total other comprehensive loss |  | (19 491) |  |  | 3 227 |  |  | 46 |  |  | (16 218) |
| Comprehensive loss |  | (324 760) |  |  | - |  |  | (116) |  |  | (324 876) |
| Comprehensive loss attributed to Net1 | $ | (322 353) |  | $ | - |  | $ | (116) |  | $ | (322 469) |
|  |  | Year ended June 30, 2018 |
|  |  | As reported |  | Correction - DNI |  | Correction - Finbond |  | As restated |
|  |  | (in thousands) |
| Net income | $ | 63 366 |  | $ | - |  | $ | (2 159) |  | $ | 61 207 |
| Comprehensive income |  | 41 466 |  |  | - |  |  | (1 971) |  |  | 39 495 |
| Comprehensive income attributed to Net1 | $ | 42 444 |  | $ | - |  | $ | (1 971) |  | $ | 40 473 |
| Consolidated statement of changes in equity |
|  |  | Retained earnings |  | Accumulated other comprehensive loss |
|  |  | (in thousands) |
| As reported – June 30, 2018 | $ | 836 194 |  | $ | (184 538) |
| Correction of misstatement - Finbond |  | (2 159) |  |  | 188 |
| As restated – June 30, 2018 |  | 834 035 |  |  | (184 350) |
| As reported – June 30, 2019 |  | 528 576 |  |  | (199 273) |
| Correction of misstatement - DNI |  | (3 227) |  |  | 3 227 |
| Correction of misstatement - Finbond |  | (2 321) |  |  | 234 |
| As restated – June 30, 2019 | $ | 523 028 |  | $ | (195 812) |
| Consolidated statement of cash flows |
|  |  | Year ended June 30, 2019 |
|  |  | As reported |  | Correction - DNI |  | Correction - Finbond |  | As restated |
|  |  | (in thousands) |
| Net loss | $ | (305 269) |  | $ | (3 227) |  | $ | (162) |  | $ | (308 658) |
| Loss from equity-accounted investment |  | (1 482) |  |  | - |  |  | 209 |  |  | (1 273) |
| Loss on disposal of discontinued operation |  | 5 140 |  |  | 4 035 |  |  | - |  |  | 9 175 |
| Gain on disposal of DNI |  | 631 |  |  | (808) |  |  | - |  |  | (177) |
| (Decrease) Increase in deferred taxes | $ | (11 705) |  | $ | - |  | $ | (47) |  | $ | (11 752) |
|  |  | Year ended June 30, 2018 |
|  |  | As reported |  | Correction - DNI |  | Correction - Finbond |  | As restated |
|  |  | (in thousands) |
| Net income | $ | 63 366 |  | $ | - |  | $ | (2 159) |  | $ | 61 207 |
| Earnings from equity-accounted investment |  | (11 597) |  |  | - |  |  | 2 782 |  |  | (8 815) |
| Increase (Decrease) in deferred taxes | $ | 5 936 |  | $ | - |  | $ | (623) |  | $ | 5 313 |

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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 + Details
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