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

Income Tax Expense/ (Benefit) (Tables)

v3.19.2
Income Tax Expense/ (Benefit) (Tables) - Bendon Limited [Member]
12 Months Ended
Jan. 31, 2019
Income taxes [Line Items]  
Disclosure of Detailed Information About Major Components of Tax Expense Income

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

 

    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
 
Current tax                                
Current tax on profits for the period     (667 )     537       807       301  
Adjustments for current tax of prior periods     (607 )     (477 )     58       (344 )
Total current tax expense/(benefit)     (1,274 )     60       865       (43 )
Deferred tax expense/(benefit)                                
Decrease/(increase) in deferred tax assets (note 28)     -       -       -       5,589  
Income tax expense/(benefit) for continuing operations     (1,274 )     60       865       5,546  

Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates

(b) Reconciliation of income tax to accounting profit:

 

Loss before income tax     (50,492 )     (37,533 )     (15,114 )     (15,200 )
Tax at New Zealand tax rate of 28%     (14,138 )     (10,509 )     (4,232 )     (4,256 )
Tax effect of:                                
- permanent differences (including impairment expense)     753       (105 )     (6 )     757  
- adjustments in respect of current income tax of previous years     (522 )     (449 )     41       (237 )
- effects of different tax rates of subsidiaries operating in other jurisdictions     493       (30 )     (15 )     (42 )
- deferred tax assets relating to the current year not brought to account     12,077       11,150       5,119       3,934  
- deferred tax assets relating to prior periods no longer recognised (note 28)     -       -       -       5,589  
- other     63       3       (42 )     (199 )
Income tax expense/(benefit)     (1,274 )     60       865       5,546  

Disclosure of Detailed Information About Tax Losses Not Recognised

(c) Tax losses not recognised

 

    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
 
Unused tax losses for which no deferred tax asset has been recognised     130,587       87,455       43,269       23,765  
Potential tax benefit at 28%     36,564       24,487       12,115       6,654  

Disclosure of Detailed Information About Temporary Differences Not Recognised

(d) Temporary differences not recognised  

 

    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
 
Temporary differences for which no deferred tax asset has been recognised     14,504       14,661       18,703       19,924  
Potential tax benefit at 28%     4,061       4,105       5,237       5,579