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

Property, Plant and Equipment

v3.19.3.a.u2
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     (25,168 )     (25,789 )     (23,182 )
      499       2,013       2,273  
                         
Leasehold improvements                        
At cost     12,035       10,762       10,132  
Accumulated depreciation     (8,770 )     (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 the period     2,728       2,013       4,741  
Additions     1,501       1,084       2,585  
Disposals     (105 )     (2,736 )     (2,841 )
Depreciation expense     (982 )     (1,170 )     (2,151 )
Impairment     -       (239 )     (239 )
Foreign exchange movements     121       1,547       1,668  
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 the period     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     253       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 the year     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       75  
Balance at the end of the year     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
   
  IFRS16 Leases will require that the group record a liability and a related asset on the balance sheet for our leased facilities