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

Acquisition of FOH Online Corp Inc. (Tables)

v3.19.2
Acquisition of FOH Online Corp Inc. (Tables)
12 Months Ended
Jan. 31, 2019
AcquisitionLineItems [Line Items]  
Disclosure of Detailed Information About Purchase Consideration

Details of the purchase consideration, the net assets acquired and goodwill are as follows:

 

    Naked 
NZ$000’s
 
Purchase consideration        
Shares issued - fair value     14,196  

Disclosure of Detailed Information About Assets and Liabilities Recognised

The assets and liabilities recognised as a result of the acquisition are as follows:

 

    Fair value 
NZ$000’s
 
Cash     592  
Trade and other receivables     4,186  
Inventories     1,810  
Intangible assets        
- Brand     2,726  
Trade and other payables     (916 )
         
Net identifiable assets acquired     8,398  
Add: goodwill     5,798  
         
Net assets acquired     14,196  

FOH Online Corp Inc. [Member]  
AcquisitionLineItems [Line Items]  
Disclosure of Detailed Information About Purchase Consideration

Details of the purchase consideration, the net assets acquired and goodwill are as follows:

 

    FOH  
    NZ$000’s   
Purchase consideration        
Shares issued at fair value     6,872  
Debt forgiveness     13,074  
Total     19,946  

Disclosure of Detailed Information About Assets and Liabilities Recognised

The assets and liabilities recognised as a result of the acquisition are as follows

 

    Fair value  
    NZ$000’s   
Cash     278  
Net balance with sub licencee     (3,119 )
Loan payable to EJ Watson     (2,172 )
Patents and Licences     24,959  
Total of assets acquired     19,946