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

Trade and Other Receivables (Tables)

v3.21.1
Trade and Other Receivables (Tables)
12 Months Ended
Jan. 31, 2021
Trade and other receivables [abstract]  
Schedule of Trade and Other Receivables
        31 January 2021
NZ$000’s
   

31 January 2020

NZ$000’s

 
                 
Trade receivables         1,645       2,358  
Provision for impairment   (a)     (183 )     (22 )
          1,462       2,336  
Prepayments         6,304       2,959  
Other receivables         368       762  
Total current trade and other receivables         8,134       6,057
Disclosure of Impairment of Receivable

The loss allowance provision as at 31 January 2021 is determined as follows, the expected credit losses incorporate forward looking information.

 

31 January 2021   0 - 30 days     31 - 60 days     61 - 90 days     > 91 days overdue     Total  
Expected loss rate (%)     2 %     50 %     46 %     60 %        
Gross carrying amount ($)     1,370       6       39       230       1,645  
ECL provision     26       3       17       137       183  

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 2021
NZ$000’s
   

For the Year Ended 31 January 2020

NZ$000’s

 
Opening impairment allowance calculated under IFRS 9     (22 )     (609 )
Movement through provision     (247 )     (4 )
Unused amounts reversed     85       616  
Foreign exchange movement     1       (25 )
Balance at end of the period     (183 )     (22 )