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Non-Controlling Interest in Subsidiary | 6 Months Ended
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Dec. 31, 2014
Noncontrolling Interest [Abstract] |
Non-Controlling Interest in Subsidiary | NOTE 17 – 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, 2014 |
NetSol PK |  |  | 34.85 | % |  | $ | 11,821,972 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,321,452 |
VLS, VLHS & VLSIL Combined |  |  | 49.00 | % |  |  | 237,345 |
Total |  |  |  |  |  | $ | 13,380,769 |
SUBSIDIARY |  | Non Controlling Interest % |  |  | Non-Controlling Interest at June 30, 2014 |
NetSol PK |  |  | 36.62 | % |  | $ | 14,317,233 |
NetSol-Innovation |  |  | 49.90 | % |  |  | 1,546,920 |
VLS, VLHS & VLSIL Combined |  |  | 49.00 | % |  |  | 260,359 |
Total |  |  |  |  |  | $ | 16,124,512 |
NETSOL TECHNOLOGIES, LIMITED During the six months ended December 31, 2014, the Company purchased 1,580,000 shares of common stock of NetSol PK from the open market for $577,222 resulting in a decrease in non-controlling interest from 36.62% to 34.85%. NETSOL-INNOVATION (PVT) LIMITED During the six months ended December 31, 2014, NetSol-Innovation paid a cash dividend of $1,576,609.

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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 + Details
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