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Discontinued Operations | 3 Months Ended
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Sep. 30, 2020
Discontinued Operations [Abstract] |
Discontinued Operations | 20.Discontinued operations Following the disposal of its controlling interest in Net1 Korea (in fiscal 2020) and DNI (in fiscal 2019), the Company determined that Net1 Korea and DNI should be classified as discontinued operations because the disposals of these businesses represented a strategic shift that would have a major effect on the Company’s operations and financial results. Refer to Note 3 to the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2020, for additional information regarding the deconsolidation of Net1 Korea and DNI. 20.Discontinued operations (continued) The table below presents certain major captions to the Company’s unaudited condensed consolidated statement of operations and unaudited condensed consolidated statement of cash flows for three months ended September 30, 2019, that have not been separately presented on those statements, related to the presentation of Net1 Korea as a discontinued operation:
|  | Net1 Korea
|  |  |  | Three months ended
|  |  |  | September 30, 2019
|  | Unaudited condensed consolidated statement of operations |  |  |
|  | Discontinued: |  |  |
|  | Revenue |  | $ | 32,818
|  | Cost of goods sold, IT processing, servicing and support |  |  | 14,366
|  | Selling, general and administration |  |  | 11,309
|  | Depreciation and amortization |  |  | 3,441
|  | Operating income |  |  | 3,702
|  | Interest income |  |  | 288
|  | Interest expense |  |  | 8
|  | Net income before tax |  |  | 3,982
|  | Income tax expense |  |  | 1,047
|  | Net income from discontinued operations |  | $ | 2,935
|  | Unaudited condensed consolidated statement of cash flows |  |  |
|  | Discontinued: |  |  |
|  | Total net cash provided by operating activities |  | $ | 10,194
|  | Total net cash provided by investing activities |  | $ | 3,088
The Company retained a continuing involvement in DNI following the disposal of the Company’s controlling interest during the year ended June 30, 2019. The Company recorded earnings under the equity method related to its retained investment in DNI during the three months ended September 30, 2019. The table below presents revenues and expenses between the Company and DNI, after the DNI disposal transaction, during the three months ended September 30, 2019
|  | DNI
|  |  | Three months ended
|  |  | September 30, 2019
|  | Revenue generated from transactions with DNI | $ | -
|  | Expenses incurred related to transactions with DNI | $ | 2,274
The Company received dividends of $0.7 million from DNI during the three months ended September 30, 2019.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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