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Equity-Accounted Investments And Other Long-Term Assets (Tables) | 3 Months Ended
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Sep. 30, 2022
Ownership Percentage Of Equity-Accounted Investments |
|  |  |  |  |  |  |  |  |  |  |  |  |  | September 30, |  | June 30, |
|  |  |  |  |  |  |  |  |  |  |  |  |  | 2022 |  | 2021 |
| Finbond Group Limited (“Finbond”) |  | 29.3 | % |  | 29.3 | % |
| Sandulela Technology (Pty) Ltd ("Sandulela") |  | 49.0 | % |  | 49.0 | % |
| Carbon Tech Limited (“Carbon”) |  | - | % |  | 25.0 | % |
| SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”) |  | 50.0 | % |  | 50.0 | % |
Summary Of Movement In Equity-Accounted Investments |
|  |  |  |  |  |  |  | Finbond |  | Other(1) |  | Total |
| Investment in equity |  |  |  |  |  |  |  |  |
|  | Balance as of June 30, 2022 | $ | 5,760 |  | $ | 101 |  | $ | 5,861 |
|  |  | Stock-based compensation |  | 6 |  |  | - |  |  | 6 |
|  |  | Comprehensive income: |  | (190) |  |  | 14 |  |  | (176) |
|  |  |  | Other comprehensive income |  | 2,441 |  |  | - |  |  | 2,441 |
|  |  |  | Equity accounted (loss) earnings |  | (2,631) |  |  | 14 |  |  | (2,617) |
|  |  |  |  | Share of net (loss) earnings |  | (1,521) |  |  | 14 |  |  | (1,507) |
|  |  |  |  | Impairment |  | (1,110) |  |  | - |  |  | (1,110) |
|  |  | Dividends received |  | - |  |  | (21) |  |  | (21) |
|  |  | Disposal of Finbond shares |  | (3) |  |  | - |  |  | (3) |
|  |  | Foreign currency adjustment(2) |  | (546) |  |  | (10) |  |  | (556) |
|  | Balance as of September 30, 2022 | $ | 5,027 |  | $ | 84 |  | $ | 5,111 |
| Investment in loans: |  |  |  |  |  |  |  |  |
|  | Balance as of June 30, 2022 | $ | - |  | $ | - |  | $ | - |
|  |  | Loans granted |  | - |  |  | 112 |  |  | 112 |
|  |  | Loans repaid |  | - |  |  | (112) |  |  | (112) |
|  |  | Foreign currency adjustment(2) |  | - |  |  | - |  |  | - |
|  | Balance as of September 30, 2022 | $ | - |  | $ | - |  | $ | - |
|  |  |  |  |  |  |  | Equity |  | Loans |  | Total |
| Carrying amount as of : |  |  |  |  |  |  |  |  |
|  |  | June 30, 2022 | $ | 5,861 |  | $ | - |  | $ | 5,861 |
|  |  | September 30, 2022 | $ | 5,111 |  | $ | - |  | $ | 5,111 |
(1) Includes Carbon, Sandulela, and SmartSwitch Namibia; (2) The foreign currency adjustment represents the effects of the fluctuations of the ZAR, Nigerian naira and Namibian dollar, against the U.S. dollar on the carrying value.
Summary Of Other Long-Term Asset |
|  |  |  |  |  |  |  |  |  |  |  |  | September 30, |  |  | June 30,
|  |  |  |  |  |  |  |  |  |  |  |  |  | 2022 |  |  | 2022
| Total equity investments | $ | 76,297 |  | $ | 76,297
|  |  | Investment in 5% of Cell C (June 30, 2022: 15%) at fair value (Note 4) |  | - |  |  | -
|  |  | Investment in 10% of MobiKwik (June 30, 2022: 10%)(1) |  | 76,297 |  |  | 76,297
|  |  | Investment in 87.5% of CPS (June 30, 2022: 87.5%) at fair value(1)(2) |  | - |  |  | -
| Long-term portion of amount due related to sale of loan to Carbon(3) |  | - |  |  | -
| Policy holder assets under investment contracts (Note 7) |  | 261 |  |  | 371
| Reinsurance assets under insurance contracts (Note 7) |  | 1,276 |  |  | 1,424
|  |  | Total other long-term assets | $ | 77,834 |  | $ | 78,092
(1) The Company determined that MobiKwik and CPS do not have readily determinable fair values and therefore elected to record these investments at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. (2) On October 16, 2020, the High Court of South Africa, Gauteng Division, Pretoria ordered that CPS be placed into liquidation. (3) Long-term portion of amount due related to sale of loan to Carbon represents $0.75 million related to the sale of a loan with a face value of $3.0 million which was sold in September 2022 for $0.75 million, net of an allowance for doubtful loans receivable of $0.75 million.
Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments |
|  |  |  |  |  |  |  |  |  |  | Cost basis |  |  | Unrealized holding |  |  | Unrealized holding |  |  | Carrying |
|  |  |  |  |  |  |  |  |  |  |  |  | gains |  |  | losses |  |  | value |
| Equity securities: |  |  |  |  |  |  |  |  |  |  |  |
|  | Investment in MobiKwik | $ | 26,993 |  | $ | 49,304 |  | $ | - |  | $ | 76,297 |
|  | Investment in CPS |  | - |  |  | - |  |  | - |  |  | - |
| Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
|  | Investment in Cedar Cellular notes (Note 2) |  | - |  |  | - |  |  | - |  |  | - |
|  |  |  | Total | $ | 26,993 |  | $ | 49,304 |  | $ | - |  | $ | 76,297 |
|  |  |  |  |  |  |  |  |  |  | Cost basis |  |  | Unrealized holding |  |  | Unrealized holding |  |  | Carrying |
|  |  |  |  |  |  |  |  |  |  |  |  | gains |  |  | losses |  |  | value |
| Equity securities: |  |  |  |  |  |  |  |  |  |  |  |
|  | Investment in MobiKwik | $ | 26,993 |  | $ | 49,304 |  | $ | - |  | $ | 76,297 |
|  | Investment in CPS |  | - |  |  | - |  |  | - |  |  | - |
| Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
|  | Investment in Cedar Cellular notes |  | - |  |  | - |  |  | - |  |  | - |
|  |  |  | Total | $ | 26,993 |  | $ | 49,304 |  | $ | - |  | $ | 76,297 |
Finbond Group Limited [Member] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] |
|  |  |  |  |  | Three months ended September 30, |
|  | 2022 |
| Loss on disposal of Finbond shares: |  |  |
| Consideration received in cash | $ | 3 |
| Less: carrying value of Finbond shares sold |  | (3) |
| Less: release of foreign currency translation reserve from accumulated other comprehensive loss |  | (2) |
| Add: release of stock-based compensation charge related to equity-accounted investment |  | - |
|  | Loss on sale of Finbond shares | $ | (2) |
Carbon [Member] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] |
|  |  |  |  |  | Three months ended September 30, |
|  | 2022 |
| Gain on disposal of Carbon shares: |  |  |
| Consideration received in cash in September 2022 | $ | 250 |
| Less: carrying value of Carbon |  | - |
|  | Gain on disposal of Carbon shares:(1) | $ | 250 |
(1) The Company does not expect to pay taxes related to the sale of Carbon because the base cost of its investment exceeds the sales consideration received. The Company does not believe that it will be able to utilize the loss generated because Net1 BV does not generate taxable income.

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