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

Lease Liabilities

v3.21.1
Lease Liabilities
12 Months Ended
Jan. 31, 2021
Lease liabilities [abstract]  
Lease Liabilities
24 Lease Liabilities

 

The following elections for IFRS 16 were taken on transition date:

 

  the Group did not reassess whether existing contracts are, or contain, a lease and applied IFRS 16 only to existing contracts that were previously identified as lease under IAS 17;
  the Group applied a single discount rate to a portfolio of leases with reasonably similar characteristics; and
  leases with a remaining term of less than 12 months from the transition date and low value lease are expensed on a straight-line basis to the Consolidated Profit or Loss account.

 

Undiscounted contractual maturity of lease liabilities

 

    31 January 2021
NZ$000’s
    31 January 2020
NZ$000’s
 
Amounts payable:                
Within one year     6,955       8,112  
2 to 5 years inclusive     13,661       17,553  
After 5 years     936       166  
      24,059       25,831