Quarterly report pursuant to Section 13 or 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY

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NON-CONTROLLING INTEREST IN SUBSIDIARY
9 Months Ended
Mar. 31, 2024
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
March 31, 2024
 
             
NetSol PK     32.38 %   $ 4,624,485  
NetSol-Innovation     32.38 %     (393,420 )
NAMECET     32.38 %     (15,591 )
NetSol Thai     0.006 %     (136 )
OTOZ Thai     5.60 %     (18,532 )
OTOZ     5.59 %     (55,887 )
Total           $ 4,140,919  

 

SUBSIDIARY   Non-Controlling
Interest %
    Non-Controlling
Interest at
June 30, 2023
 
             
NetSol PK     32.38 %   $ 3,314,659  
NetSol-Innovation     32.38 %     (223,504 )
NAMECET     32.38 %     (5,384 )
NetSol Thai     0.006 %     (194 )
OTOZ Thai     5.60 %     (23,572 )
OTOZ     5.59 %     (86,952 )
Total           $ 2,975,053  

 

 

NETSOL TECHNOLOGIES, INC.

Notes to Condensed Consolidated Financial Statements

March 31, 2024

(Unaudited)