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

Profit and Loss Information (Tables)

v3.19.3.a.u2
Profit and Loss Information (Tables)
6 Months Ended
Jul. 31, 2019
Profit And Loss Information  
Disclosure of Detailed Information About Revenue from Continuing Operations

  (a) Revenue from continuing operations

 

   

6 months to

31 July 2019

NZ $000’s

    6 months to
31 July 2018
NZ $000’s
 
             
Gross revenue     47,809       61,282  
Rebates     (5,715 )     (4,532 )
      42,094       56,750  
                 
Sale of goods                
- Retail     19,000       24,425  
- Wholesale     8,414       18,077  
- On line     14,680       14,248  
      42,094       56,750  

Disclosure of Detailed Information About Profit Loss from Operating Activities

The loss for the half year was derived after charging / (crediting) the following items that are unusual and of significance because of their size, nature and incidence:

 

Finance costs            
- Interest expense on external borrowings     (496 )     (1,353 )
- Interest expense on shareholder loans     (255 )     (1,062 )
- Interest (expense)/income on convertible loan notes     (274 )     186  
- Interest expense on leases     (857 )     -  
- Amortisation of loan set up costs     (348 )     (225 )
      (2,230 )     (2,454 )
                 
Other foreign currency gains/(losses)                
- Fair value gain on foreign exchange contracts     729       2,306  
- Net foreign exchange gains/(losses)     224       1,228  
      953       3,535  
Impairment expense                
- Impairment loss     (6,647 )     (4,095 )
- Impairment of software     (202 )     (64 )
      (6,849 )     (4,159 )
                 
Brand transition, restructure and transaction expenses                
- Brand transition expenses     (258 )     (199 )
- Restructure expenses     -       (526 )
- Transaction expenses     (5,588 )     (4,432 )
      (5,846 )     (5,157 )

Disclosure of Components of Income Tax Expenses

The major components of tax expense/(benefit) comprise:

 

   

6 months to

31 July 2019

NZ $000’s

    6 months to
31 July 2018
NZ $000’s
 
Current tax                
Current tax on losses for the period     9       (411 )
Adjustment for current tax on prior periods     51       -  
Total current tax expense/(benefit)     60       (411 )
                 
Deferred tax                
Decrease/(increase) in deferred tax asset     701       -  
Income tax benefit for continuing operations     761       (411 )
Reconciliation of income tax to accounting loss:                
Loss before income tax     (27,968 )     (26,505 )
Tax at New Zealand tax rate 28%     (7,831 )     (7,421 )
                 
Tax effect of:                
- permanent differences     75       -  
- adjustments in respect of current tax or prior periods     76       -  
- effects of different tax rates of subsidiaries operating in other jurisdictions     (641 )     27  
- deferred tax assets relating to the current period not recognised     7,727       7,761  
- other     1,355       (777 )
Income tax expense/(benefit)     761       (411 )