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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities        
Net loss $ (4,534) $ (205) [1] $ (33,492) $ (4,597) [1]
Depreciation and amortization 1,074 4,381 1,997 9,146
Movement in allowance for doubtful accounts receivable 100 (429) 614 83
Loss from equity-accounted investments (Note 6) 1,016 (506) 20,153 (1,569)
Movement in allowance for doubtful loans to equity-accounted investments 661 620 739 620
Change in fair value of equity securities (Note 5 and 6) (15,128) 0 [1] (15,128) 0 [1]
Fair value adjustment related to financial liabilities 790 147 1,676 234
Interest payable 42 526 (21) 1,158
Gain on disposal of FIHRST (Note 2) 0 (9,743) [1] 0 (9,743) [1]
Loss on disposal of equity-accounted investment (Note 2) 13 0 [1] 13 0 [1]
Loss (Profit) on disposal of property, plant and equipment 752 (49) 742 (203)
Stock-based compensation charge (Note 13) 232 436 631 823
Dividends received from equity accounted investments 68 380 125 1,448
Decrease (Increase) in accounts receivable and finance loans receivable 6,559 8,767 (1,556) 3,101
(Increase) Decrease in inventory (145) (682) 2,214 (12,995)
(Decrease) Increase in accounts payable and other payables (3,084) 3,132 (3,499) (264)
(Decrease) Increase in taxes payable (421) (2,244) (15,338) (956)
Increase (Decrease) in deferred taxes 26 (117) (1,729) (205)
Net cash (used in) provided by operating activities (11,979) 4,414 (41,859) (13,919)
Cash flows from investing activities        
Capital expenditures (3,023) (827) (3,298) (3,451)
Proceeds from disposal of property, plant and equipment 75 90 91 303
Proceeds from disposal of DNI as equity-accounted investment (Note 3) 5,815 0 6,144 0
Proceeds from disposal of Net1 Korea, net of cash disposed (Note 2) 0 0 20,114 0
Proceeds from disposal of FIHRST, net of cash disposed (Note 2) 0 10,895 0 10,895
Investment in equity-accounted investments (Note 6) 0 0 0 (1,250)
Loan to equity-accounted investment (Noe 6) (1,160) (612) (1,238) (612)
Repayment of loans by equity-accounted investments 0 0 0 4,268
Net change in settlement assets 1,377 3,371 5,445 (10,138)
Net cash provided by investing activities 3,084 12,917 27,258 15
Cash flows from financing activities        
Proceeds from bank overdraft (Note 9) 137,333 207,876 206,479 391,550
Repayment of bank overdraft (Note 9) (88,258) (193,725) (165,108) (378,554)
Proceeds from disgorgement of shareholders' short-swing profits (Note 22) 26 0 124 0
Proceeds from exercise of stock options 18 0 18 0
Long-term borrowings utilized (Note 9) 0 0 0 14,798
Repayment of long-term borrowings (Note 9) 0 (11,313) 0 (11,313)
Guarantee fee 0 0 0 (148)
Finance lease capital repayments 0 (26) 0 (52)
Net change in settlement obligations (1,377) (3,371) (5,445) 10,138
Net cash provided by (used in) financing activities 47,742 (559) 36,068 26,419
Effect of exchange rate changes on cash 12,296 7,508 13,102 1,053
Net increase in cash, cash equivalents and restricted cash 51,143 24,280 34,569 13,568
Cash, cash equivalents and restricted cash - beginning of period 215,911 110,799 232,485 121,511
Cash, cash equivalents and restricted cash - end of period (Note 15) $ 267,054 $ 135,079 $ 267,054 $ 135,079
[1]
Certain amounts have been restated to correct the misstatement discussed in Note 1.