Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Loss for the Period

v3.19.2
Loss for the Period
12 Months Ended
Jan. 31, 2019
Loss For Period  
Loss for the Period

6 Loss for the Period

 

The loss for the period was derived after charging / (crediting) the following items that are unusual and of significance because of their size, nature and incidence:

 

    For the Year
Ended
31 January 2019
NZ$000’s
    For the Year
Ended
31 January 2018
NZ$000’s
    For the
7 Months Ended
31 January 2017
NZ$000’s
    For the Year
Ended
30 June 2016
NZ$000’s
 
Finance Costs                                
- Interest expense on external borrowings     2,338       5,431       2,923       3,140  
- Interest expense on shareholder loans     1,062       2,807       3,040       7,042  
- Amortisation on loan set up costs     641       553       275       227  
      4,041       8,791       6,238       10,409  
                                 
Other (gains)/losses                                
- Fair value (gain)/loss on foreign exchange contracts     1,065       (502 )     2,135       7,660  
- Net foreign exchange(gains)/losses     (3,027 )     (255 )     1,171       (5,237 )
      (1,963 )     (757 )     3,306       2,423  

 

    For the Year
Ended
31 January 2019
NZ$000’s
    For the Year
Ended
31 January 2018
NZ$000’s
    For the 7
Months Ended
31 January 2017
NZ$000’s
    For the Year
Ended
30 June 2016
NZ$000’s
 
Brand transition, restructure and transaction expenses                                
- Brand transition expenses     291       -       -       884  
- Onerous contracts     (109 )     (265 )     1,166       789  
- Restructure expenses     626       215       103       559  
- Transaction expenses     9,267       3,322       52       -  
      10,075       3,272       1,321       2,232  

 

The onerous contracts expense reversal relates to a reversal of the provision raised in the prior year.

 

Transaction expenses relate to costs incurred in respect of the US listing process.

 

The loss for the period includes the following specific expenses:

 

    For the Year
Ended
31 January 2019
NZ$000’s
    For the Year
Ended
31 January 2018
NZ$000’s
    For the
7 Months Ended
31 January 2017
NZ$000’s
    For the Year
Ended
30 June 2016
NZ$000’s
 
Employee benefits expense:                                
- Salaries and wages     30,872       33,613       19,917       33,666  
- Defined contribution expenses     508       545       1,022       1,588  
      31,380       34,158       20,939       35.254  
                                 
Depreciation     2,151       2,724       1,664       2,966  
Amortisation     231       306       178       323  
Impairment loss     8,173       1,914       292       2,157  
      10,555       4,944       2,134       5,446  
                                 
Rental expense on operating leases:                                
- Lease payments     9,760       10,807       6,485       11,034  
- Sublease payments received     -       (483 )     (354 )     (567 )
      9,760       10,324       6,131       10,467