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

Intangible Assets (Tables)

v3.19.3.a.u2
Intangible Assets (Tables)
6 Months Ended
Jul. 31, 2019
Disclosure of detailed information about intangible assets [abstract]  
Disclosure of Detailed Information About Intangible Assets

   

31 July 2019

NZ $000’s

    31 January 2019
NZ $000’s
 
Goodwill              
Cost     5,993       5,607  
Accumulated impairment     (5,993 )     (3,287 )
      -       2,320  
Patents and licences                  
Cost     27,157       25,993  
Accumulated amortisation and impairment     (2,955 )     (918 )
      24,202       25,075  
Brands                  
Cost     14,901       14,769  
Accumulated amortisation and impairment     (6,672 )     (4,563 )
      8,229       10,205  
Software                  
Cost     15,716       15,718  
Accumulated amortisation and impairment     (15,716 )     (15,455 )
      -       263  
                 
Total intangible assets     32,431       37,864  

Disclosure of Detailed Information About Movements in Carrying Amounts of Intangible Assets

    Goodwill NZ $000’s    

Patents and licences

NZ $000’s

   

Brands

NZ $000’s

    Software NZ $000’s    

Total

NZ $000’s

 
For the 6 months ended 31 July 2019                                        
Balance at the beginning of the period     2,320       25,075       10,205       263       37,864  
Additions     -       -       -       -       -  
Disposals     -       -       -       -       -  
Amortisation expense     -       -       -       (9 )     (9 )
Impairment     (2,480 )     (2,037 )     (2,130 )     (202 )     (6,849 )
Reclassification to tangible fixed assets     -       -       -       (51 )     (51 )
Foreign exchange movements     160       1,164       154       (1 )     1,477  
Closing value at 31 July 2019     -       24,202       8,229       -       32,431  

 

    Goodwill NZ $000’s    

Patents and licences

NZ $000’s

   

Brands

NZ $000’s

    Software NZ $000’s    

Total

NZ $000’s

 
For the 6 months ended 31 January 2019                                        
Balance at the beginning of the period     2,399       217       14,395       276       17,287  
Additions     -       24,957       -       -       24,957  
Disposals     -       -       -       -       -  
Amortisation expense     -       (99 )     -       (12 )     (111 )
Impairment     -       -       (3,867 )     -       (3,867 )
Foreign exchange movements     (79 )     -       (323 )     (1 )     (403 )
Closing value at 31 January 2019     2,320       25,075       10,205       263       37,864  

Disclosure of Information for Cash-generating Units

For the purpose of impairment testing, goodwill is allocated to cash-generating units as below:

 

Description of cash-generating unit (CGU)

 

   

6 months to

31 July 2019

NZ $000’s

   

6 months to

31 July 2018

NZ $000’s

 
             
United States     2,480       3,399  
Impairment of goodwill     2,480       3,399  

Disclosure of Impairment of Intangible Assets

    6 months to
31 July 2019
NZ $000’s
    6 months to
31 July 2018
NZ $000’s
 
             
FOH licence     1,914       -  
Naked patents & licence     123       -  
Impairment of patents & licences     2,037       -  

 

    6 months to
31 July 2019
NZ $000’s
    6 months to
31 July 2018
NZ $000’s
 
             
Brands - Naked     2,130       696  
Impairment for indefinite-lived brand intangibles     2,130       696  

 

    6 months to
31 July 2019
NZ $000’s
    6 months to
31 July 2018
NZ $000’s
 
             
Software     202       64  
Impairment of software     202       64