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

Operating Segment (Tables)

v3.21.1
Operating Segment (Tables)
12 Months Ended
Jan. 31, 2021
Operating Segments  
Disclosure of Reconciliation of Segment Revenue to Profit or Loss and Other Comprehensive Income
  (a) Reconciliations

 

Reconciliation of segment revenue to consolidated statements of profit or loss and other comprehensive income:

    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

 
Total segment revenue     89,590       104,153       136,842  
Intersegment eliminations     (9,551 )     (14,088 )     (24,922 )
Total revenue     80,039       90,065       111,920  
Disclosure of Reconciliation of Segment EBITDA to Profit or Loss and Other Comprehensive Income

The Board meets on a monthly basis to assess the performance of each segment, net operating profit does not include non-operating revenue and expenses such as dividends, fair value gains and losses.

 

    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

 
Segment EBITDA     690       (16,167 )     (25,602 )
Any other reconciling items     (68,902 )     (37,356 )     (24,892 )
Income tax (expense)/benefit     (134 )     (782 )     1,274  
Total net loss after tax     (68,346 )     (54,305 )     (49,220 )
Disclosure of Detailed Information About Geographical Information
  (b) Geographical information  

 

In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers whereas segment assets are based on the location of the assets.

 

    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

 
New Zealand     34,131       33,786       40,703  
Australia     21,011       24,365       32,065  
United States     24,432       30,863       34,156  
Europe     465       1,051       4,996  
      80,039       90,065       111,920  
Disclosure of Detailed Information About Segment Performance
  (c) Segment performance

 

    Retail
NZ$000’s
    Wholesale
NZ$000’s
    e-commerce
NZ$000’s
    Unallocated
NZ$000’s
    Total
NZ$000’s
 
For the year ended 31 January 2021                              
Revenue     40,492       7,496       32,051       -       80,039  
      40,492       7,496       32,051       -       80,039  
Cost of goods sold     (19,188 )     (4,636 )     (21,604 )     (719 )     (46,147 )
Gross profit     21,304       2,860       10,447       (719 )     33,892  
Other segment expenses*     (17,359 )     (1,425 )     (10,096 )     -       (28,880 )
Unallocated expenses                                        
Administrative expenses     -       -       -       (856 )     (856 )
Corporate expenses     -       -       -       (9,350 )     (9,350 )
Other income     -       -       -       4,223       4,223  
Other foreign exchange gain     -       -       -       1,661       1,661  
EBITDA     3,945       1,435       351       (5,041 )     690  
Brand transition, restructure and transaction expenses     -       -       -       (22,527 )     (22,527 )
Finance expense     -       -       -       (8,214 )     (8,214 )
Interest income     -       -       -       5       5  
Impairment expense     -       -       -       (4,895 )     (4,895 )
Depreciation and amortisation     -       -       -       (8,700 )     (8,700 )
Fair value gain on foreign exchange contracts     -       -       -       -       -  
Unrealised foreign exchange gain     -       -       -       1,981       1,981  
Fair value loss on Convertible Notes derivative     -       -       -       (26,552 )     (26,552 )
Income/(loss) before income tax expense     3,945       1,435       351       (73,943 )     (68,212 )
Income tax expense     -       -       -       (134 )     (134 )
Income/(loss) after income tax expense     3,945       1,435       351       (74,077 )     (68,346 )

 

* Other segment expenses relate to brand management expenses.

 

 

   

Retail

NZ$000’s

   

Wholesale

NZ$000’s

   

e-commerce

NZ$000’s

   

Unallocated

NZ$000’s

   

Total

NZ$000’s

 
For the year ended 31 January 2020                              
Revenue     42,576       15,554       31,935       -       90,065  
      42,576       15,554       31,935       -       90,065  
Cost of goods sold     (19,582 )     (11,342 )     (20,916 )     (4,407 )     (56,247 )
Gross profit     22,994       4,211       11,020       (4,407 )     33,818  
Other segment expenses*     (18,784 )     (3,112 )     (13,659 )     -       (35,555 )
Unallocated expenses                                        
Administrative expenses     -       -       -       (1,234 )     (1,234 )
Corporate expenses     -       -       -       (12,772 )     (12,772 )
Other foreign exchange loss     -       -       -       (424 )     (424 )
EBITDA     4,210       1,099       (2,639 )     (18,837 )     (16,167 )
Brand transition, restructure and transaction expenses**     -       -       -       (13,687 )     (13,687 )
Finance expense     -       -       -       (5,213 )     (5,213 )
Interest income     -       -       -       12       12  
Impairment expense     -       -       -       (8,904 )     (8,904 )
Depreciation and amortisation     -       -       -       (10,603 )     (10,603 )
Fair value gain on foreign exchange contracts     -       -       -       729       729  
Unrealised foreign exchange gain     -       -       -       310       310  
Fair value gain/(loss) on Convertible Notes derivative     -       -       -       -       -  
Income/(loss) before income tax expense     4,210       1,099       (2,639 )     (56,193 )     (53,523 )
Income tax expense     -       -       -       (782 )     (782 )
Income/(loss) after income tax expense     4,210       1,099       (2,639 )     (56,975 )     (54,305 )

 

* Other segment expenses relate to brand management expenses.

 

** Brand transition, restructure and transaction expenses are shown net of proceeds from the sale of Naked brand and trademarks.

  

   

Retail

NZ$000’s

   

Wholesale

NZ$000’s

   

e-commerce

NZ$000’s

   

Unallocated

NZ$000’s

   

Total

NZ$000’s

 
For the year ended 31 January 2019                                        
Revenue     50,348       29,439       32,133       -       111,920  
      50,348       29,439       32,133       -       111,920  
Cost of goods sold     (24,616 )     (24,582 )     (21,248 )     (4,034 )     (74,480 )
Gross profit     25,732       4,857       10,885       (4,034 )     37,440  
Other segment expenses*     (24,540 )     (9,667 )     (11,247 )           (45,454 )
Unallocated expenses                                        
Administrative expenses     -       -       -       (1,050 )     (1,050 )
Corporate expenses     -       -       -       (17,947 )     (17,947 )
Other foreign exchange gain     -       -       -       1,409       1,409  
EBITDA     1,192       (4,810 )     (362 )     (21,622 )     (25,602 )
Brand transition, restructure and transaction expenses     -       -       -       (10,075 )     (10,075 )
Finance expense     -       -       -       (4,041 )     (4,041 )
Impairment expense     -       -       -       (8,173 )     (8,173 )
Depreciation and amortisation     -       -       -       (2,382 )     (2,382 )
Fair value loss on foreign exchange contracts     -       -       -       (1,704 )     (1,704 )
Unrealised foreign exchange gain     -       -       -       2,258       2,258  
Fair value loss on Convertible Notes derivative     -       -       -       (775 )     (775 )
Income/(loss) before income tax expense     1,192       (4,810 )     (362 )     (46,514 )     (50,494 )
Income tax benefit     -       -       -       1,274       1,274  
Income/(loss) after income tax expense     1,192       (4,810 )     (362 )     (45,240 )     (49,220 )

 

* Other segment expenses relate to brand management expenses and some corporate expenses.