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

Operating Segment (Tables)

v3.19.3.a.u2
Operating Segment (Tables)
6 Months Ended
Jul. 31, 2019
Operating Segment  
Disclosure of Reconciliation of Segment Revenue to Profit or Loss and Other Comprehensive Income

Reconciliation of segment revenue to consolidated statements of profit or loss and other comprehensive income:

 

   

6 months to

31 July 2019

NZ $000’s

    6 months to
31 July 2018
NZ $000’s
 
             
Total segment revenue     47,809       65,736  
Intersegment eliminations     (5,715 )     (8,986 )
Total external revenue     42,094       56,750  

Disclosure of Reconciliation of Segment EBITDA to Profit or Loss and Other Comprehensive Income

   

6 months to

31 July 2019

NZ $000’s

    6 months to
31 July 2018
NZ $000’s
 
             
Segment EBITDA     (9,758 )     (15,436 )
Other reconciling items     (18,210 )     (11,069 )
Income tax (expense)/benefit     (761 )     411  
Total net loss after tax     (28,729 )     (26,094 )

Disclosure of Detailed Information About Geographical Information

   

6 months to

31 July 2019

NZ $000’s

    6 months to
31 July 2018
NZ $000’s
 
             
New Zealand     14,876       20,984  
Australia     9,825       17,570  
United States     17,079       14,383  
Europe     314       3,813  
      42,094       56,750  

Disclosure of Detailed Information About Segment Performance

    NZ Retail NZ$000’s     AU Retail NZ$000’s     NZWholesale NZ$000’s     AUWholesale NZ$000’s     US Wholesale NZ$000’s    

EU

Wholesale NZ$000’s

   

 

e-commerce NZ$000’s

    Unallocated NZ$000’s     Total  
For the 6 months ended 31 July 2019                                                                        
Revenue from external customers     12,498       6,502       1,569       3,289       3,242       314       14,680       -       42,094  
      12,498       6,502       1,569       3,289       3,242       314       14,680       -       42,094  
Cost of sales     (6,820 )     (3,007 )     (820 )     (2,545 )     (2,374 )     (130 )     (10,417 )     (2,016 )     (28,129 )
Gross margin     5,678       3,495       749       744       868       184       4,263       (2,016 )     13,965  
Other segment expenses*     (5,028 )     (2,618 )     (636 )     (1,299 )     (1,303 )     (127 )     (6,169 )     -       (17,180 )
Unallocated expenses                                                                        
Administrative expenses     -       -       -       -       -       -       -       (558 )     (558 )
Corporate expenses     -       -       -       -       -       -       -       (5,656 )     (5,656 )
Other foreign exchange loss     -       -       -       -       -       -       -       (329 )     (329 )
EBITDA     650       877       113       (555 )     (435 )     57       (1,906 )     (8,559 )     (9,758 )
Brand transition, restructure and transaction expenses     -       -       -       -       -       -       -       (5,846 )     (5,846 )
Finance expense     -       -       -       -       -       -       -       (2,230 )     (2,230 )
Impairment expense     -       -       -       -       -       -       -       (6,849 )     (6,849 )
Depreciation and amortisation     -       -       -       -       -       -       -       (4,567 )     (4,567 )
Fair value gain on foreign exchange contracts     -       -       -       -       -       -       -       729       729  
Unrealised foreign exchange gain/(loss)     -       -       -       -       -       -       -       553       553  
Fair value gain on Convertible Note derivative     -       -       -       -       -       -       -       -       -  
Profit/(loss) after income tax     650       877       113       (555 )     (435 )     57       (1,906 )     (26,769 )     (27,968 )
Income tax expense     -       -       -       -       -       -       -       (761 )     (761 )
Profit/(loss) after income tax     650       877       113       (555 )     (435 )     57       (1,906 )     (27,530 )     (28,729 )

 

* Other segment expenses relate to brand management expenses and some corporate expenses.

  

    NZ Retail NZ$000’s     AU Retail NZ$000’s    

NZ

Wholesale NZ$000’s

   

AU

Wholesale NZ$000’s

   

US

Wholesale NZ$000’s

   

EU

Wholesale NZ$000’s

    e-commerce NZ$000’s     Unallocated NZ$000’s     Total  
For the 6 months ended 31 July 2018     15,571       8,758       4,556       6,757       3,047       3,813       14,248       -       56,750  
Revenue from external customers     15,571       8,758       4,556       6,757       3,047       3,813       14,248       -       56,750  
Cost of sales     (7,612 )     (4,246 )     (3,695 )     (5,246 )     (2,923 )     (3,007 )     (10,234 )     (2,109 )     (39,072 )
Gross margin     7,959       4,512       861       1,511       124       806       4,014       (2,109 )     17,678  
Other segment expenses*     (6,856 )     (5,644 )     (672 )     (1,726 )     (1,187 )     (1,166 )     (5,375 )     -       (22,626 )
Unallocated expenses                                                                        
Administrative expenses     -       -       -       -       -       -       -       (661 )     (661 )
Corporate expenses     -       -       -       -       -       -       -       (10,672 )     (10,672 )
Other foreign exchange gain/loss     -       -       -       -       -       -       -       845       845  
EBITDA     1,103       (1,132 )     189       (215 )     (1,063 )     (360 )     (1,361 )     (12,597 )     (15,436 )
Brand transition, restructure and transaction expenses     -       -       -       -       -       -       -       (5,157 )     (5,157 )
Finance expense     -       -       -       -       -       -       -       (2,454 )     (2,454 )
Impairment expense     -       -       -       -       -       -       -       (4,182 )     (4,182 )
Depreciation and amortisation     -       -       -       -       -       -       -       (1,190 )     (1,190 )
Fair value gain on foreign exchange contracts     -       -       -       -       -       -       -       2,306       2,306  
Unrealised foreign exchange gain/(loss)     -       -       -       -       -       -       -       383       383  
Fair value gainon Convertible Note derivative     -       -       -       -       -       -       -       (775 )     (775 )
Profit/(loss) before income tax     1,103       (1,132 )     189       (215 )     (1,063 )     (360 )     (1,361 )     (23,666 )     (26,505 )
Income tax benefit     -       -       -       -       -       -       -       411       411  
Profit/(loss) after income tax     1,103       (1,132 )     189       (215 )     (1,063 )     (360 )     (1,361 )     (23,255 )     (26,094 )

 

* Other segment expenses relate to brand management expenses and some corporate expenses.