XML 77 R54.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Dispositions And Discontinued Operations (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2022
Schedule Of Major Captions That Have Not Been Separately Presented On Related To Discontinued Operation |
|  |  |  |  | 2020
|  |  |  |  | Total (Net1 Korea)
|  | Consolidated statement of operations |  |
|  |  | Discontinued: |  |
|  |  |  | Revenue | $ | 85,375
|  |  |  | Cost of goods sold, IT processing, servicing and support |  | 37,377
|  |  |  | Selling, general and administration |  | 30,562
|  |  |  | Depreciation and amortization |  | 8,652
|  |  |  | Impairment loss |  | -
|  |  |  | Operating income |  | 8,784
|  |  |  | Interest income |  | 678
|  |  |  | Interest expense |  | 106
|  |  |  | Net income before tax |  | 9,356
|  |  |  | Income tax expense |  | 2,954
|  |  |  | Net income before earnings from equity-accounted investments |  | 6,402
|  |  |  | Earnings from equity-accounted investments |  | -
|  |  |  | Net income from discontinued operations | $ | 6,402
|  | Consolidated statement of cash flows |  |
|  |  | Discontinued: |  |
|  |  |  | Total net cash provided by operating activities | $ | 3,758
|  |  |  | Total net cash provided by (used) in investing activities | $ | 1,524
Ksnet [Member] |
Impact Of Deconsolidation And Calculation Of Net Gain Recognized On Deconsolidation |
| Net1 Korea
|  |  |  |  |  | March 2020
| Proceeds from disposal of Net1 Korea, net of cash disposed | $ | 192,619
| Add: Cash and cash equivalents disposed |  | 23,473
| Add: Cash withheld by purchaser to settle South Korean taxes(1) |  | 21,128
| Fair value of consideration received |  | 237,220
| Less: carrying value of Net1 Korea, comprising |  | 200,843
|  | Cash and cash equivalents |  | 23,473
|  | Accounts receivable, net |  | 30,467
|  | Finance loans receivable, net |  | 13,695
|  | Inventory |  | 2,377
|  | Property, plant and equipment, net |  | 7,601
|  | Operating lease right of use asset |  | 181
|  | Goodwill (Note 10) |  | 107,964
|  | Intangible assets, net |  | 4,655
|  | Deferred income taxes assets |  | 1,719
|  | Other long-term assets |  | 10,984
|  | Accounts payable |  | (5,484)
|  | Other payables |  | (5,523)
|  | Operating lease liability - current |  | (69)
|  | Income taxes payable |  | (3,481)
|  | Deferred income taxes liabilities |  | (1,497)
|  | Operating lease liability – long-term |  | (112)
|  | Other long-term liabilities |  | (335)
|  | Released from accumulated other comprehensive income – foreign currency translation reserve (Note 15) |  | 14,228
|  | Settlement assets |  | 44,111
|  | Settlement liabilities |  | (44,111)
|  |  | Gain recognized on disposal, before transaction costs and tax |  | 36,377
|  |  | Transaction costs(2) |  | 8,644
|  |  |  | Gain recognized on disposal, before tax |  | 27,733
|  |  |  | Taxes related to gain recognized on disposal(1) |  | 15,279
|  |  |  |  | Gain recognized on disposal, after tax | $ | 12,454
(1) Represents taxes paid related to the disposal of Net1 Korea (refer to Note 18). The Company also agreed that the purchaser withhold potential capital gains taxes of $19.9 million (approximately KRW 23.8 billion) and non-refundable securities transaction taxes of $1.2 million (approximately KRW 1.4 billion), for a total withholding of $21.1 million, from the purchase price and pay such amounts, on behalf of Net1 BV, to the South Korean tax authorities. Net1 BV commenced a process to claim a refund from the South Korean tax authorities of the potential amount withheld and received this amount of approximately $20.1 million (KRW 23.8 billion) in September 2020. The Company included the expected amount to be refunded in the caption Accounts receivable, net and other receivables in its consolidated balance sheet as of June 30, 2020. (2) Transaction costs include expenses incurred by the Company of $7.5 million directly related to the disposal of Net1 Korea and paid in cash and a non-refundable securities transfer tax of approximately $1.2 million which was also withheld from the purchase price and paid to the South Korean tax authorities directly by the purchaser.
FIHRST [Member] |
Impact Of Deconsolidation And Calculation Of Net Gain Recognized On Deconsolidation |
| FIHRST
|  |  |  |  |  | December
|  |  |  |  |  | 2019
| Proceeds from disposal of FIHRST, net of cash disposed | $ | 10,895
| Add: Cash and cash equivalents disposed |  | 854
| Fair value of consideration received |  | 11,749
| Less: carrying value of FIHRST, comprising |  | 1,870
|  | Cash and cash equivalents |  | 854
|  | Accounts receivable, net |  | 367
|  | Property, plant and equipment, net |  | 64
|  | Goodwill (Note 10) |  | 599
|  | Intangible assets, net |  | 30
|  | Deferred income taxes assets |  | 42
|  | Accounts payable |  | (7)
|  | Other payables |  | (1,437)
|  | Income taxes payable |  | (220)
|  | Released from accumulated other comprehensive income – foreign currency translation reserve (Note 15) |  | 1,578
|  | Settlement assets |  | 17,406
|  | Settlement liabilities |  | (17,406)
|  |  | Gain recognized on disposal, before tax |  | 9,879
|  |  | Taxes related to gain recognized on disposal, comprising: |  | -
|  |  |  | Capital gains tax |  | 2,654
|  |  |  | Release of valuation allowance related to capital losses previously unutilized(1) |  | (2,654)
|  |  | Transaction costs |  | 136
|  |  |  |  | Gain recognized on disposal, after tax | $ | 9,743
(1) Net1 SA recorded a valuation allowance related to capital losses previously generated but not utilized. A portion of these unutilized capital losses was utilized as a result of the disposal of FIHRST and, therefore, the equivalent portion of the valuation allowance created was released.
CPS [Member] |
Impact Of Deconsolidation And Calculation Of Net Gain Recognized On Deconsolidation |
| CPS
|  |  |  |  |  | May
|  |  |  |  |  | 2020
| Fair value of consideration received | $ | -
| Less: carrying value of CPS, comprising |  | (68)
|  | Cash and cash equivalents |  | 328
|  | Accounts receivable, net |  | 303
|  | Inventory |  | 12
|  | Property, plant and equipment, net |  | 236
|  | Goodwill (Note 10) |  | -
|  | Deferred income taxes assets (Note 18) |  | -
|  | Accounts payable |  | (238)
|  | Other payables |  | (33,160)
|  | Released from accumulated other comprehensive income – foreign currency translation reserve (Note 15) |  | 32,451
|  |  | Gain recognized on deconsolidation, before tax |  | 68
|  |  | Intercompany accounts written off/ provided for(1) |  | 7,216
|  |  | Taxes related to loss recognized on deconsolidation, comprising: |  | -
|  |  |  | Capital loss generated upon deconsolidation(2) |  | 5,399
|  |  |  | Valuation allowance related to capital losses generated upon deconsolidation(2) |  | (5,399)
|  |  |  |  | Loss recognized on deconsolidation, after tax | $ | 7,148
(1) Certain of the Company’s subsidiaries had funds due from CPS as of May 31, 2020. The Company wrote these amounts off as it did not believe that they were recoverable. (2) The Company recorded a deferred tax asset related to the capital loss generated on deconsolidation of CPS. The Company is only able to claim the capital loss for South African capital gains tax purposes once it deregisters or disposes of its interest in CPS. The Company has recorded a valuation allowance related to the full CPS capital loss deferred tax asset recognized because it does not believe that this capital loss will be utilized in the foreseeable future.

X
- Definition Schedule Of Disposal Groups Including Discontinued Operations Income Statement And Cash Flows Disclosures [Table Text Block] + References No definition available. + Details
Name: | ueps_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementAndCashFlowsDisclosuresTableTextBlock
Namespace Prefix: | ueps_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ueps_ScheduleOfImpactOfDeconsolidationOfFihrstAndCalculationOfNetLossRecognizedOnDeconsolidationTableTextBlock
Namespace Prefix: | ueps_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=ueps_KsnetMemberMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=ueps_Net1FihrstHoldingsProprietaryLimitedMemberMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=ueps_CashPaymasterServicesProprietaryLimitedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |