Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Derivative Financial Instruments

v3.19.3.a.u2
Derivative Financial Instruments
6 Months Ended
Jul. 31, 2019
Derivative Financial Instruments  
Derivative Financial Instruments

10 Derivative Financial Instruments

 

   

31 July 2019

NZ $000’s

    31 January 2019
NZ $000’s
 
Current liabilities                
Forward exchange contracts     -       1,484  

 

In order to mitigate exchange rate movements and to manage the inventory costing process, the Group entered into forward currency contracts to purchase US dollars in prior periods. As at 31 July 2019, there are no forward exchange contracts due to the uncertainty over timing of inventory purchases and related funding constraints.