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

Income Tax Expense/(Benefit) (Tables)

v3.21.1
Income Tax Expense/(Benefit) (Tables) - Bendon Limited [Member]
12 Months Ended
Jan. 31, 2021
Income taxes [Line Items]  
Disclosure of Detailed Information About Major Components of Tax Expense Income
  (a) The major components of tax expense/(benefit) comprise:

 

    For the Year Ended 31
January 2021
NZ$000’s
   

For the Year

Ended 31

January 2020

NZ$000’s

   

For the Year Ended 31

January 2019

NZ$000’s

 
Current tax                        
Current tax on profits for the period     27       28       (667 )
Adjustments for current tax of prior periods     107       53       (607 )
Total current tax expense/(benefit)     134       81       (1,274 )
Deferred tax expense                        
Decrease in deferred tax assets (note 31)     -       701       -  
Income tax expense/(benefit) for continuing operations     134       782       (1,274 )
Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates

(b) Reconciliation of income tax to accounting profit:

 

Loss before income tax     (68,212 )     (53,523 )     (50,494 )
Tax at New Zealand tax rate of 28%     (19,099 )     (14,986 )     (14,138 )
Tax effect of:                        
- permanent differences (including impairment expense)     16,299       5,108       753  
- adjustments in respect of current income tax of previous years     107       32       (522 )
- effects of different tax rates of subsidiaries operating in other jurisdictions     (1 )     (301 )     493  
- deferred tax assets relating to the current year not brought to account     2,910       10,163       12,077  
- deferred tax assets relating to prior periods no longer recognised (note 31)     -       701       -  
- other     (12 )     65       63  
Income tax expense/(benefit)     134       782       (1,274 )
Disclosure of Detailed Information About Tax Losses Not Recognised

(c) Tax losses not recognised

 

    For the Year
Ended 31
January 2021
NZ$000’s
   

For the Year

Ended 31

January 2020

NZ$000’s

   

For the Year

Ended 31

January 2019

NZ$000’s

 
Unused tax losses for which no deferred tax asset has been recognised     177,275       166,882       130,587  
Potential tax benefit at 28%     49,637       46,727       36,564  
Disclosure of Detailed Information About Temporary Differences Not Recognised

(d) Temporary differences not recognised

 

    For the Year Ended 31
January 2021
NZ$000’s
   

For the Year

Ended 31

January 2020

NZ$000’s

   

For the Year

Ended 31

January 2019

NZ$000’s

 
Temporary differences for which no deferred tax asset has been recognised     10,115       9,825       14,504  
Potential tax benefit at 28%     2,832       2,751       4,061