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

Operating Segment (Tables)

v3.20.2
Operating Segment (Tables)
6 Months Ended
Jul. 31, 2020
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 2020

NZ $000’s

    6 months to
31 July 2019
NZ $000’s
 
             
Total segment revenue     38,202       47,809  
Intersegment eliminations     (3,638 )     (5,715 )
Total external revenue     34,564       42,094  
Disclosure of Reconciliation of Segment EBITDA to Profit or Loss and Other Comprehensive Income

Management meets on a monthly basis to assess the performance of each segment. Net operating profit does not include non- operating revenue and expenses such as dividends, fair value gains and losses.

 

   

6 months to

31 July 2020

NZ $000’s

    6 months to
31 July 2019
NZ $000’s
 
             
Adjusted EBITDA     (1,313 )     (9,758 )
Other reconciling items     (17,100 )     (18,210 )
Income tax expense     (41 )     (761 )
Total net loss after tax     (18,454 )     (28,729 )
Disclosure of Detailed Information About Geographical Information

In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers whereas segment assets are based on the location of the assets.

 

   

6 months to

31 July 2020

NZ $000’s

    6 months to
31 July 2019
NZ $000’s
 
             
New Zealand     13,644       14,876  
Australia     7,600       9,825  
United States     12,998       17,079  
Europe     322       314  
      34,564       42,094  
Disclosure of Detailed Information About Segment Performance

Segment performance

 

    Retail
NZ $000’s
    Wholesale NZ $000’s     e-commerce NZ $000’s     Unallocated NZ $000’s    

Total

NZ $000’s

 
For the 6 months ended 31 July 2020                              
Revenue from external customers     14,863       2,735       16,966       -       34,564  
      14,863       2,735       16,966       -       34,564  
Cost of sales     (6,701 )     (2,071 )     (11,280 )     (375 )     (20,427 )
Gross margin     8,162       664       5,686       (375 )     14,137  
Other segment expenses*     (7,577 )     (551 )     (6,001 )     -       (14,129 )
Unallocated expenses                                        
Administrative expenses     -       -       -       (403 )     (403 )
Corporate expenses     -       -       -       (3,957 )     (3,957 )
Other income     -       -       -       3,162       3,162  
Rent concessions received     -       -       -       722       722  
Other foreign exchange loss     -       -       -       (845 )     (845 )
Adjusted EBITDA     585       113       (315 )     (1,696 )     (1,313 )
Brand transition, restructure and transaction expenses     -       -       -       (8,326 )     (8,326 )
Finance expense     -       -       -       (4,158 )     (4,158 )
Impairment expense     -       -       -       (2,815 )     (2,815 )
Depreciation and amortisation     -       -       -       (4,560 )     (4,560 )
Unrealised foreign exchange gain/(loss)     -       -       -       2,759       2,759  
Profit/(loss) after income tax     585       113       (315 )     (18,796 )     (18,413 )
Income tax expense     -       -       -       (41 )     (41 )
Profit/(loss) after income tax     585       113       (315 )     (18,837 )     (18,454 )

 

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

 

   

Retail

NZ $000’s

    Wholesale NZ $000’s     e-commerce NZ $000’s     Unallocated NZ $000’s    

Total

NZ $000’s

 
For the 6 months ended 31 July 2019                              
Revenue from external customers     19,000       8,414       14,680       -       42,094  
      19,000       8,414       14,680       -       42,094  
Cost of sales     (9,827 )     (5,869 )     (10,417 )     (2,016 )     (28,129 )
Gross margin     9,173       2,545       4,263       (2,016 )     13,965  
Other segment expenses*     (7,646 )     (3,365 )     (6,169 )     -       (17,180 )
Unallocated expenses                                        
Administrative expenses     -       -       -       (558 )     (558 )
Corporate expenses     -       -       -       (5,656 )     (5,656 )
Other foreign exchange loss     -       -       -       (329 )     (329 )
Adjusted EBITDA     1,527       (820 )     (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  
Profit/(loss) after income tax     1,527       (820 )     (1,906 )     (26,769 )     (27,968 )
Income tax expense     -       -       -       (761 )     (761 )
Profit/(loss) after income tax     1,527       (820 )     (1,906 )     (27,530 )     (28,729 )

 

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