Annual report pursuant to Section 13 and 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

v3.22.2.2
NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)
 12 Months Ended
Jun. 30, 2022
Noncontrolling Interest [Abstract]  
SCHEDULE OF BALANCE OF NON-CONTROLLING INTEREST

The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest was as follows:

 SCHEDULE OF BALANCE OF NON-CONTROLLING INTEREST

SUBSIDIARY   Non-Controlling Interest %     Non-Controlling Interest at
June 30, 2022		  
             
NetSol PK     32.38 %   $ 5,479,905  
NetSol-Innovation     32.38 %     49,146  
NetSol Thai     0.006 %     (196 )
OTOZ Thai     5.60 %     (30,768 )
OTOZ     5.59 %     (47,698 )
Total           $ 5,450,389  

 

SUBSIDIARY   Non-Controlling Interest %     Non-Controlling Interest at
June 30, 2021		  
             
NetSol PK     33.88 %   $ 7,101,883  
NetSol-Innovation     33.88 %     136,611  
NetSol Thai     0.006 %     (208 )
OTOZ Thai     0.006 %     (52 )
OTOZ     5.00 %     (22,761 )
Total           $ 7,215,473  
SCHEDULE OF CHANGE IN OWNERSHIP INTEREST
      1       1  
    For the Years  
    Ended June 30,  
    2022     2021  
             
Net income (loss) attributable to NetSol   $ (851,156 )   $ 1,778,257  
Transfer (to) from non-controlling interest                

Increase in paid-in capital for purchase of 2,000,000 treasury shares of NetSol Pk’s common stock

     36,403       -  
Net transfer (to) from non-controlling interest     36,403       -  
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest   $ (814,753 )   $ 1,778,257