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

Property, Plant and Equipment

v3.19.2
Property, Plant and Equipment
12 Months Ended
Jan. 31, 2019
Disclosure of detailed information about property, plant and equipment [abstract]  
Property, Plant and Equipment

14 Property, plant and equipment

 

    31 January 2019
NZ$000’s
    31 January 2018
NZ$000’s
    31 January 2017
NZ$000’s
 
Plant, furniture, fittings and motor vehicles                        
At cost     25,666       27,801       25,455  
Accumulated depreciation     (25,167 )     (25,788 )     (23,182 )
      499       2,013       2,273  
Leasehold Improvements                        
At cost     12,035       10,762       10,132  
Accumulated depreciation     (8,771 )     (8,034 )     (7,441 )
      3,264       2,728       2,691  
Total property, plant and equipment     3,763       4,741       4,964  

 

  (a) Movements in carrying amounts of property, plant and equipment

 

Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial period:

 

    Leasehold improvements
NZ$000’s
   

Plant, furniture, fittings and

motor vehicles
NZ$000’s

    Total
NZ$000’s
 
Year ended 31 January 2019                  
Balance at the beginning of year     2,728       2,013       4,741  
Additions     1,501       1,084       2,585  
Disposals     (105 )     (2,736 )     (2,841 )
Depreciation expense     (982 )     (1,170 )     (2,152 )
Impairment loss     -       (239 )     (239 )
Foreign exchange movements     122       1,547       1,669  
Balance at the end of the year     3,264       499       3,763  

 

    Leasehold Improvements
NZ$000’s
    Plant, furniture, fittings and motor vehicles
NZ$000’s
    Total
NZ$000’s
 
Year ended 31 January 2018                  
Balance at the beginning of year     2,691       2,273       4,964  
Additions     285       2,032       2,317  
Disposals     (4 )     (118 )     (122 )
Depreciation expense     (496 )     (2,228 )     (2,724 )
Foreign exchange movements     252       54       306  
Balance at the end of the year     2,728       2,013       4,741  

 

   

Leasehold improvements
NZ 000’s

$

   

Plant, furniture, fittings and

motor vehicles
NZ 000’s

$

   

Total
NZ 000’s

$

 
7 months ended 31 January 2017                  
Balance at the beginning of period     2,795       3,414       6,209  
Additions     241       482       723  
Depreciation expense     (296 )     (1,368 )     (1,664 )
Impairment     -       (281 )     (281 )
Foreign exchange movements     (49 )     26       (23 )
Balance at the end of the period     2,691       2,273       4,964  

 

The group is currently assessing the impact of IFRS 16 Leases and believes adoption of the provisions of this standard will have a material impact on the Group’s consolidated financial statements.

 

IFRS 16 Leases will require that the group record a liability and a related asset on the balance sheet for our leased facilities.