XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
[1]
Cash flows from operating activities    
Net loss $ (28,958) $ (4,392)
Depreciation and amortization 923 4,765
Movement in allowance for doubtful accounts receivable 514 512
Loss (Earnings) from equity-accounted investments (Note 5) (19,137) 1,063
Movement in allowance for doubtful loans to equity-accounted investments 78 0
Fair value adjustment related to financial liabilities (886) (87)
Interest payable (63) 632
Profit on disposal of property, plant and equipment 10 154
Stock-based compensation charge (Note 12) 399 387
Dividends received from equity accounted investments 57 1,068
Increase in accounts receivable and finance loans receivable 8,115 5,666
Decrease (Increase) in inventory (2,359) 12,313
Decrease in accounts payable and other payables (415) (3,396)
(Decrease) Increase in taxes payable (14,917) 1,288
Decrease in deferred taxes 1,755 88
Net cash used in operating activities (29,880) (18,333)
Cash flows from investing activities    
Capital expenditures (275) (2,624)
Proceeds from disposal of property, plant and equipment 16 213
Proceeds from disposal of Net1 Korea (Note 2) 20,114 0
Proceeds from disposal of DNI as equity-accounted investment (Note 2) 329 0
Loan to equity-accounted investment (Noe 5) (78) 0
Investment in equity-accounted investments (Note 5) 0 (1,250)
Repayment of loans by equity-accounted investments 0 4,268
Net change in settlement assets 4,068 (13,509)
Net cash provided by (used in) investing activities 24,174 (12,902)
Cash flows from financing activities    
Proceeds from bank overdraft (Note 8) 69,146 183,674
Repayment of bank overdraft (Note 8) 76,850 184,829
Long-term borrowings utilized (Note 8) 0 14,798
Proceeds from disgorgement of shareholders' short-swing profits (Note 21) 98 0
Guarantee fee 0 (148)
Finance lease capital repayments 0 (26)
Net change in settlement obligations (4,068) 13,509
Net cash (used in) provided by financing activities (11,674) 26,978
Effect of exchange rate changes on cash 806 (6,455)
Net decrease in cash, cash equivalents and restricted cash (16,574) (10,712)
Cash, cash equivalents and restricted cash - beginning of period 232,485 121,511
Cash, cash equivalents and restricted cash - end of period (Note 14) $ 215,911 $ 110,799
[1]
Refer to Note 20 for discontinued operations disclosures