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

Profit and loss information (Tables)

v3.21.2
Profit and loss information (Tables)
6 Months Ended
Jul. 31, 2021
IfrsStatementLineItems [Line Items]  
Disclosure of Detailed Information about Revenue from Continuing Operations

(a) Revenue from continuing operations

 

   

6 months to

31 July 2021

US $000’s

   

6 months to

31 July 2020

US $000’s

 
             
Gross revenue     6,571       8,235  
Rebates     -       -  
Revenue     6,571       8,235  
                 
Sale of goods                
-E-commerce     6,571       8,235  
Sale of goods     6,571       8,235  
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 2021

US $000’s

   

6 months to

31 July 2020

US $000’s

 
             
Other income                
-Interest income     84       -  
Other income     84       -  
Finance expenses                
- Interest expense on external borrowings     -       (425 )
- Interest expense on convertible loan notes     (43 )     (1,730 )
- Interest expense on leases     (1 )     -  
- Amortisation of loan set up costs     -       -  
Finance expenses     (44 )     (2,155 )
                 
Other foreign currency gains/(losses)                
-Net foreign exchange gains/(losses)     (483 )     2,003  
Other foreign currency gains/(losses)     (483 )     2,003  
Impairment expense                
- Impairment of intangible assets     (4,971 )     -  
- Impairment of property, plant and equipment     -       -  
- Impairment of right-of-use assets     -       -  
Impairment expense     (4,971 )     -  
                 
Brand transition, restructure and transaction income/(expense)                
- Brand transition expenses     -       -  
- Restructure expenses     -       -  
- Transaction expenses     (13,317 )     (3,078 )
Brand transition, restructure and transaction income/(expense)     (13,317 )     (3,078 )
Disclosure of Fair Value of Convertible Notes and Warrants

(c) Fair value loss on convertible notes derivatives and warrants

 

   

6 months to

31 July 2021

US $000’s

   

6 months to

31 July 2020

US $000’s

 
             
Fair value loss on convertible notes and warrants     (10,794 )     -  
Fair value loss     (10,794 )     -  
Disclosure of Components of Income Tax Expenses

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

 

   

6 months to

31 July 2021

US $000’s

   

6 months to

31 July 2020

US $000’s

 
             
Current tax                
Current tax on losses for the period     (33 )     -  
Adjustment for current tax on prior periods     -       -  
Total current tax expense     (33 )     -  
                 
Deferred tax                
Decrease in deferred tax asset     -       -  
Income tax benefit for continuing operations     (33 )     -  
                 
Reconciliation of income tax to accounting loss:                
Loss before income tax from continuing operations     (33,167 )     (4,899 )
Loss before income tax from discontinued operations     (15,534 )     (6,633 )
Accounting profit before tax     (48,701 )     (11,532 )
Tax at Australia tax rate of 30% (July 2020: tax at New Zealand tax rate of 28%)     (14,610 )     (3,229 )
                 
Tax effect of:                
- permanent differences including discontinued operations     14,302       990  
- adjustments in respect of current tax or prior periods     -       23  
- effects of different tax rates of subsidiaries operating in other jurisdictions     48       (2 )
- deferred tax assets relating to the current period not recognized     326       2,256  
- other     -       (12 )
Income tax expense     66       26  
Income tax expense reported in statement of profit or loss     (33 )     -  
Income tax attributable to discontinued operations     33       26  
April 2020 Notes [Member]  
IfrsStatementLineItems [Line Items]  
Disclosure of Fair Value Gain or Loss

 

For 6 months ended 31 July 2021   Convertible Notes
US $000’s
    Warrants US $000’s     Total US$ 000’s  
Balance at the beginning of the period:     2,149       451       2,600  
Foreign exchange movements     3       -       3  
Interest     43       -       43  
Fair Value through profit and loss     -       195       195  
Exchange to ordinary shares     (2,195 )     (646 )     (2,841 )
Balance at the end of the period     -       -       -  
Put Options [Member]  
IfrsStatementLineItems [Line Items]  
Disclosure of Fair Value Gain or Loss

 

For 6 months ended 31 July 2021   Warrants
US $000’s
    Put options US $000’s     Total US$ 000’s  
Balance at the beginning of the period:     -       -       -  
Initial recognition     97,482       -       97,482  
Fair Value through profit and loss     10,599       -       10,599  
Conversion of warrants     (108,081 )     -       (108,081 )
Cash collected on exercise of put options     -       33,500       33,500  
Shares issued on exercise of put options     -       (33,500 )     (33,500 )
Balance at the end of the period     -       -       -