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

Lessor Commitments

v3.19.2
Lessor Commitments
12 Months Ended
Jan. 31, 2019
Disclosure of finance lease and operating lease by lessor [abstract]  
Lessor Commitments

26 Lessor Commitments

 

The Group sub leases its US and Australian premises under a commercial lease. These non-cancellable leases have terms between 1 and 6 years. All leases include an option for the Group to increase rent to current market rental on an annual basis.

 

The future minimum lease payments under non-cancellable leases are:

 

    31 January 2019 
NZ$000’s
    31 January 2018 
NZ$000’s
    31 January 2017 
NZ$000’s
 
- no later than 1 year     441       166       503  
- between 1 year and 5 years     493       -       1,076  
- greater than 5 years     -       -       -  
Total minimum lease payments     934       166       1,579