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Note 19 - Non-Controlling Inerest In Subsidiary | 6 Months Ended
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Dec. 31, 2012
Noncontrolling Interest Disclosure [Text Block] | NOTE 19 – NON-CONTROLLING INTEREST IN SUBSIDIARY The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest was as follows:
SUBSIDIARY |  | Non Controlling Interest % |  |  | Non-Controlling Interest at December 31, 2012 |
NetSol PK |  |  | 35.46 | % |  | $ | 13,957,436 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,333,760 |
VLS |  |  | 49.00 | % |  |  | 655,810 |
Total |  |  |  |  |  | $ | 15,947,006 |
SUBSIDIARY |  | Non Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2012 |
NetSol PK |  |  | 39.48 | % |  | $ | 13,600,492 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,076,833 |
VLS |  |  | 49.00 | % |  |  | 722,096 |
Total |  |  |  |  |  | $ | 15,399,421 |
(A) NETSOL TECHNOLOGIES, LIMITED NetSol PK is majority owned by the Company. During the period ended December 31, 2012, the Company purchased 3,142,400 shares of NetSol PK from the open market against the value of $621,563. After this purchase, the non-controlling interest in NetSol PK was reduced from 39.48% to 35.46%. For the six months ended December 31, 2012 and 2011, NetSol PK had net income of $4,408,358 and $1,847,135. The related non-controlling interest was $1,587,227 and $729,249, respectively. For the same period the Comprehensive loss attributable to non-controlling interest was $611,742 and $803,074 respectively. Employees of the company also exercised options to acquire 18,000 shares of the subsidiary valued at $3,031. (B) NETSOL INNOVATION (PRIVATE) LIMITED For the six months ended December 31, 2012 and 2011, NetSol Innovation had net income of $589,819 and $501,681. The related non-controlling interest was $294,320 and $250,339, respectively. For the same period the Comprehensive loss attributable to non-controlling interest was $37,395 and $49,983 respectively. (C) VIRTUAL LEASE SERVICES For the six months ended December 31, 2012 and 2011, VLS had a net loss of $170,955 and $34,052. The related non-controlling interest was $83,768 and $16,685, respectively. For the same period the Comprehensive income attributable to non-controlling interest was $17,482 and comprehensive loss $1,783 respectively.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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