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

Consolidated Statement of Cash Flows

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Consolidated Statement of Cash Flows - NZD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Receipts from customers $ 87,004 $ 103,459 $ 140,736
Payments to suppliers and employees (102,431) (123,510) (149,750)
Proceeds from Government wage subsidies 2,878
Rent concessions received 1,345
Income taxes refund/(paid) 186 157 (420)
Net cash outflow from operating activities (11,018) (19,894) (9,434)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payments for intangible asset (211) (151)
Payments for property, plant and equipment (1,498) (1,294) (2,585)
Proceeds from sale of intellectual property or business combination, net of cash acquired 906 870
Net cash outflow from investing activities (1,709) (388) (1,866)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issue of shares 93,693 12,586 23,248
Proceeds from borrowings - Convertible notes issue 19,309 21,507
Repayment of borrowings - Bank (3,400) (2,100) (18,489)
Debt issuance costs (322)
Principal repayments of lease liabilities (7,136) (8,127)
Interest paid on borrowings (1,165) (1,768) (2,269)
Net cash inflow from financing activities 101,301 22,098 2,168
Net increase/(decrease) in cash and cash equivalents held 88,574 1,816 (9,132)
Cash and cash equivalents at beginning of year 3,791 1,962 10,739
Effects of exchange rate changes on cash and cash equivalents (1,440) 13 355
Cash and cash equivalents at end of the year $ 90,925 $ 3,791 $ 1,962