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

Profit and Loss Information (Tables)

v3.20.2
Profit and Loss Information (Tables)
6 Months Ended
Jul. 31, 2020
Profit And Loss Information  
Disclosure of Detailed Information About Revenue from Continuing Operations

Revenue from continuing operations

 

   

6 months to

31 July 2020

NZ $000’s

    6 months to
31 July 2019
NZ $000’s
 
             
Gross revenue     35,144       47,809  
Rebates     (580 )     (5,715 )
      34,564       42,094  
                 
Sale of goods                
- Retail     14,863       19,000  
- Wholesale     2,735       8,414  
- E-commerce     16,966       14,680  
      34,564       42,094  
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:

 

   

6 months to

31 July 2020

NZ $000’s

    6 months to
31 July 2019
NZ $000’s
 
Other income                
- Government subsides     3,162       -  
                 
Finance expenses                
- Interest expense on external borrowings     (958 )     (496 )
- Interest expense on shareholder loans     -       (255 )
- Interest expense on convertible loan notes     (2,763 )     (274 )
- Interest expense on leases     (713 )     (857 )
- Amortisation of loan set up costs     276       (348 )
      (4,158 )     (2,230 )
                 
Other foreign currency gains/(losses)                
- Fair value gain on foreign exchange contracts     -       729  
- Net foreign exchange gains/(losses)     1,914       224  
      1,914       953  
Impairment expense                
- Impairment of intangible assets     (1,253 )     (6,647 )
- Impairment of property, plant and equipment     (341 )     -  
- Impairment of right-of-use assets     (1,221 )     -  
- Impairment of software     -       (202 )
      (2,815 )     (6,849 )

 

   

6 months to

31 July 2020

NZ $000’s

    6 months to
31 July 2019
NZ $000’s
 
Brand transition, restructure and transaction income/(expense)                
- Brand transition expenses     2,343       (258 )
- Restructure expenses     (38 )     -  
- Transaction expenses     (10,631 )     (5,588 )
      (8,326 )     (5,846 )
Disclosure of Components of Income Tax Expenses

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

 

   

6 months to

31 July 2020

NZ $000’s

    6 months to
31 July 2019
NZ $000’s
 
Current tax                
Current tax on losses for the period     2       9  
Adjustment for current tax on prior periods     39       51  
Total current tax expense     41       60  
                 
Deferred tax                
Decrease in deferred tax asset     -       701  
Income tax benefit for continuing operations     41       761  
                 
Reconciliation of income tax to accounting loss:                
Loss before income tax     (18,413 )     (27,968 )
Tax at New Zealand tax rate 28%     (5,156 )     (7,831 )
                 
Tax effect of:                
- permanent differences     1,581       75  
- adjustments in respect of current tax or prior periods     37       76  
- effects of different tax rates of subsidiaries operating in other jurisdictions     (3 )     (641 )
- deferred tax assets relating to the current period not recognised     3,602       7,727  
- other     (20 )     1,355  
Income tax expense     41       761