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

Trade and Other Receivables (Tables)

v3.19.3.a.u2
Trade and Other Receivables (Tables)
12 Months Ended
Jan. 31, 2019
Trade and other receivables [abstract]  
Schedule of Trade and Other Receivables

          31 January 2019
NZ $000’s
    31 January 2018
NZ $000’s
    31 January 2017
NZ $000’s
 
CURRENT                              
Trade receivables           7,789       9,982       26,499  
Provision for impairment   (a)       (609 )     (326 )     (537 )
            7,180       9,656       25,962  
Prepayments           2,288       1,792       1,779  
Other receivables           183       1,717       349  
            9,650       13,165       28,090  

Disclosure of Impairment of Receivable

  The loss allowance provision as at 31 January 2019 is determined as follows, the expected credit losses incorporate forward looking information.

 

31 January 2019   0 - 30 days     31 - 60 days     60 - 90 days     > 90 days overdue     Total  
Expected loss rate (%)     -       -       -       48.40          
Gross carrying amount ($)     5,577       852       101       1,259       7,789  
ECL provision     -       -       -       609       609  

Disclosure of Impairment Loss and Reversal of Impairment Loss

  Reconciliation of changes in the provision for impairment of receivables is as follows:

 

    For the Year Ended
31 January 2019
    For the Year Ended
31 January 2018
    For the 7 Months Ended
31 January 2017
 
    NZ $000’s     NZ $000’s     NZ $000’s  
Balance at beginning of the period (calculated in accordance with AASB 139)     (326 )     (537 )     (268 )
Amount restated through opening retained earnings on adoption of AASB 9     -       -       -  
Opening impairment allowance calculated under AASB 9     (326 )     (537 )     (268 )
Additional impairment loss recognised     -       -       -  
Amounts written off as uncollectable                        
Directly to P&L     -       -       -  
Movement through provision     (1,037 )     (92 )     (364 )
Unused amounts reversed     772       316       80  
Foreign exchange movement     (18 )     (13 )     15  
Balance at end of the period     (609 )     (326 )     (537 )

Analysis of Age of Financial Assets That are Past Due but Not Impaired

  The ageing analysis of receivables is as follows:

 

    31 January 2019
NZ $000’s
    31 January 2018
NZ $000’s
    31 January 2017
NZ $000’s
 
                         
0-30 days     5,577       7,945       14,883  
31-60 days     852       335       2,566  
61-90 days (past due not impaired)     101       489       2,166  
61-90 days (considered impaired)     -       -       -  
91+ days (past due not impaired)     3,295       1,213       6,884  
91+ days (considered impaired)     (2,036 )     -       -  
      7,789       9,982       26,499  

Disclosure of Transfers of Financial Assets

    31 January 2019
NZ $000’s
    31 January 2018
NZ $000’s
    31 January 2017
NZ $000’s
 
                         
Transferred receivables       -       9,790       11,649