v3.8.0.1
Consolidated Balance Sheets - NZD ($)
$ in Thousands
Jan. 31, 2018
Jan. 31, 2017
Jun. 30, 2016
Jun. 30, 2015
CURRENT ASSETS        
Cash and cash equivalents $ 10,739 $ 2,644 $ 4,193 $ 1,246
Trade and other receivables 13,165 28,090 23,341 16,821
Inventories 31,113 37,751 37,572 45,660
Derivative financial instruments 0 0 0 2,289
Current tax receivable 0 52 88 0
Related party receivables 15,326 13,051 9,613 4,010
TOTAL CURRENT ASSETS 70,343 81,588 74,807 70,026
NON-CURRENT ASSETS        
Property, plant and equipment 4,741 4,964 6,209 6,853
Deferred tax assets 0 0 0 5,589
Intangible assets 13,012 14,680 14,575 17,381
TOTAL NON-CURRENT ASSETS 17,753 19,644 20,784 29,823
TOTAL ASSETS 88,096 101,232 95,591 99,849
CURRENT LIABILITIES        
Trade and other payables 32,516 28,566 26,815 36,550
Borrowings 52,121 68,998 61,593 56,273
Foreign currency derivative financial instruments 2,087 4,188 5,531 1
Derivative on Convertible Notes 1,110 4,112 0 0
Current tax liabilities 786 635 0 483
Provisions 1,106 1,528 855 786
Related party payables 1,369 0 0 0
TOTAL CURRENT LIABILITIES 91,095 108,027 94,794 94,093
NON-CURRENT LIABILITIES        
Trade and other payables 0 0 118 150
Borrowings 0 0 16,000 0
Provisions 2,711 2,249 2,555 2,767
TOTAL NON-CURRENT LIABILITIES 2,711 2,249 18,673 2,917
TOTAL LIABILITIES 93,806 110,276 113,467 97,010
NET ASSETS/(LIABILITIES) (5,710) (9,044) (17,876) 2,839
EQUITY        
Share capital 68,727 27,948 3,108 3,108
Other reserves (2,006) (2,154) (2,125) (2,156)
Accumulated profit/(losses) (72,431) (34,838) (18,859) 1,887
TOTAL EQUITY $ (5,710) $ (9,044) $ (17,876) $ 2,839

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v3.8.0.1
Consolidated Statements of Profit or Loss and Other Comprehensive Income - NZD ($)
$ in Thousands
7 Months Ended 12 Months Ended
Jan. 31, 2017
Jan. 31, 2018
Jun. 30, 2016
Jun. 30, 2015
Profit (loss) [abstract]        
Revenue $ 96,284 $ 131,388 $ 151,000 $ 138,838
Cost of goods sold (57,144) (87,459) (83,525) (79,031)
Gross profit 39,140 43,929 67,475 59,807
Brand management (32,040) (53,653) (48,362) (42,203)
Administrative expenses (2,383) (4,131) (4,090) (4,691)
Corporate expenses (8,082) (12,851) (13,002) (13,940)
Finance expense (6,238) (8,791) (10,409) (5,870)
Brand transition, restructure and transaction expenses (1,321) (3,272) (2,232) (12,182)
Impairment expense (292) (1,914) (2,157) 0
Other foreign currency gains/(losses) (3,306) 757 (2,423) 4,700
Fair value gain/(loss) on Convertible Notes derivative (592) 2,393 0 0
Loss before income tax (15,114) (37,533) (15,200) (14,379)
Income tax (expense)/benefit (865) (60) (5,546) 1,274
Loss for the period (15,979) (37,593) (20,746) (13,105)
Other comprehensive income        
Exchange differences on translation of foreign operations (29) 148 31 (93)
Other comprehensive income/(loss) for the period, net of tax (29) 148 31 (93)
Total comprehensive (loss) for the period (16,008) (37,445) (20,715) (13,198)
Total comprehensive (loss) attributable to:        
Owners of Bendon Limited $ (16,008) $ (37,445) $ (20,715) $ (13,198)
Loss per share for loss from continuing operations attributable to the ordinary equity holders of the company:        
Basic loss per share (NZ$) $ (60.54) $ (131.38) $ (82.86) $ (52.79)
Diluted loss per share (NZ$) $ (60.54) $ (131.38) $ (82.86) $ (52.79)

Source

v3.8.0.1
Consolidated Statements of Cash Flows - NZD ($)
$ in Thousands
7 Months Ended 12 Months Ended
Jan. 31, 2017
Jan. 31, 2018
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:        
Receipts from customers $ 92,066 $ 159,042 $ 160,880 $ 158,133
Payments to suppliers and employees (101,913) (160,774) (165,549) (176,538)
Proceeds from/(payments for) settlement of financial assets at fair value through profit or loss (3,476) (2,530) 159 2,055
Income taxes paid (195) 146 (530) (849)
Net cash (outflow) from operating activities (13,518) (4,116) (5,040) (17,199)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Payment for intangible asset (351) (118) (475) (1,093)
Payments for property, plant and equipment (723) (2,194) (2,703) (4,701)
Net cash (outflow) from investing activities (1,074) (2,312) (3,178) (5,794)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issue of shares 0 22,721 0 0
Proceeds from borrowings - Bank 1,940 463 62,127 27,402
Proceeds from borrowings - Convertible notes issue 16,474 4,521 0 0
Repayment of borrowings - Bank (2,832) (9,684) (46,986) (4,286)
Debt issuance costs (367) (107) (750) (66)
Interest paid (2,133) (3,418) (3,140) (2,526)
Net cash inflow from financing activities 13,082 14,496 11,251 20,524
Net increase/(decrease) in cash and cash equivalents held (1,510) 8,068 3,033 (2,469)
Cash and cash equivalents at the beginning of the year 4,193 2,644 1,246 3,624
Effects of exchange rate changes on cash and cash equivalents (39) 27 (86) 91
Cash and cash equivalents at the end of the year $ 2,644 $ 10,739 $ 4,193 $ 1,246

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