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Financial Risk Management (Tables) | 12 Months Ended
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Jan. 31, 2019
DisclosureOfFinancialRiskManagementLineItems [Line Items] |
Disclosure of Financial Risk Management | The Group’s liabilities have contractual maturities which are summarised below:
|  | Non-derivatives Borrowings NZ$000’s |  |  | Non-derivatives Trade payables NZ$000’s |  |  | Non-derivatives Total NZ$000’s |  |  | Derivatives Gross future cash settlement on forward currency contracts - inflow NZ$000’s |  |  | Derivatives Gross future cash settlement on forward currency contracts - (outflow) NZ$000’s |  |  | Derivatives Total NZ$000’s |
Not later than 1 month |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2019 |  |  | 1,329 |  |  |  | 23,580 |  |  |  | 24,908 |  |  |  | 18,325 |  |  |  | (19,212 | ) |  |  | (887 | )
31 January 2018 |  |  | 26,482 |  |  |  | 21,143 |  |  |  | 47,625 |  |  |  | 13,577 |  |  |  | (13,950 | ) |  |  | (373 | )
31 January 2017 |  |  | 56,333 |  |  |  | 19,221 |  |  |  | 75,554 |  |  |  | 2,078 |  |  |  | (2,250 | ) |  |  | (172 | )
1 to 3 months |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2019 |  |  | 184 |  |  |  | - |  |  |  | 184 |  |  |  | 9,610 |  |  |  | (10,061 | ) |  |  | (451 | )
31 January 2018 |  |  | 148 |  |  |  | - |  |  |  | 148 |  |  |  | 13,837 |  |  |  | (14,453 | ) |  |  | (616 | )
31 January 2017 |  |  | 129 |  |  |  | - |  |  |  | 129 |  |  |  | 9,900 |  |  |  | (11,326 | ) |  |  | (1,426 | )
3 months to 1 year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2019 |  |  | 20,184 |  |  |  | - |  |  |  | 20,184 |  |  |  | 4,976 |  |  |  | (5,121 | ) |  |  | (145 | )
31 January 2018 |  |  | 27,247 |  |  |  | - |  |  |  | 27,247 |  |  |  | 20,895 |  |  |  | (21,993 | ) |  |  | (1,098 | )
31 January 2017 |  |  | 18,631 |  |  |  | - |  |  |  | 18,631 |  |  |  | 37,855 |  |  |  | (40,445 | ) |  |  | (2,590 | )
1 to 5 years |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2019 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
31 January 2018 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
31 January 2017 |  |  | 323 |  |  |  | - |  |  |  | 323 |  |  |  | - |  |  |  | - |  |  |  | - |
|  | Non-derivatives Borrowings NZ$000’s |  |  | Non-derivatives Trade payables NZ$000’s |  |  | Non-derivatives Total NZ$000’s |  |  | Derivatives Gross future cash settlement on forward currency contracts - inflow NZ$000’s |  |  | Derivatives Gross future cash settlement on forward currency contracts - (outflow) NZ$000’s |  |  | Derivatives Total NZ$000’s |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2019 |  |  | 21,697 |  |  |  | 23,580 |  |  |  | 45,277 |  |  |  | 32,912 |  |  |  | (34,395 | ) |  |  | (1,483 | )
31 January 2018 |  |  | 53,877 |  |  |  | 21,143 |  |  |  | 75,020 |  |  |  | 48,309 |  |  |  | (50,396 | ) |  |  | (2,087 | )
31 January 2017 |  |  | 75,416 |  |  |  | 19,221 |  |  |  | 94,637 |  |  |  | 49,833 |  |  |  | (54,021 | ) |  |  | (4,188 | )
Disclosure of Credit Risk Exposure |
|  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
Trade receivables Counterparty without external credit ratings |  |  |  |  |  |  |  |  |  |  |  |
New customer less than 6 months |  |  | 42 |  |  |  | 12 |  |  |  | 187 |
Existing customers (more than 6 months with default in past) |  |  | 7,747 |  |  |  | 9,970 |  |  |  | 26,312 |
Total |  |  | 7,789 |  |  |  | 9,982 |  |  |  | 26,499 |
|  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
Credit ratings |  |  |  |  |  |  |  |  |  |  |  |
AA- |  |  | 1,915 |  |  |  | 10,591 |  |  |  | 2,655 |
A+ |  |  | - |  |  |  | 94 |  |  |  | (11 | )
Total |  |  | 1,915 |  |  |  | 10,685 |  |  |  | 2,644 |
Disclosure of Market Risk | Foreign currency denominated financial assets and liabilities, translated into New Zealand Dollars at the closing rate, are as follows:
|  | AUD NZ$000’s |  |  | USD NZ$000’s |  |  | GBP NZ$000’s |  |  | EUR NZ$000’s |  |  | HKD NZ$000’s |  |  | Total NZ$000’s |
31 January 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nominal amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  |  | 51 |  |  |  | 42 |  |  |  | - |  |  |  | 285 |  |  |  | - |  |  |  | 378 |
Trade payables |  |  | 1 |  |  |  | 9,035 |  |  |  | 8 |  |  |  | 61 |  |  |  | 7 |  |  |  | 9,112 |
Cash and cash equivalents |  |  | 623 |  |  |  | 149 |  |  |  | 38 |  |  |  | 8 |  |  |  | 11 |  |  |  | 829 |
31 January 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nominal amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  |  | 328 |  |  |  | 199 |  |  |  | - |  |  |  | 1,376 |  |  |  | - |  |  |  | 1,903 |
Trade payables |  |  | 781 |  |  |  | 11,209 |  |  |  | 74 |  |  |  | 29 |  |  |  | 53 |  |  |  | 12,146 |
Cash and cash equivalents |  |  | 1,660 |  |  |  | 7,190 |  |  |  | 77 |  |  |  | 92 |  |  |  | 165 |  |  |  | 9,184 |
31 January 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  |  | 424 |  |  |  | 211 |  |  |  | - |  |  |  | 1,509 |  |  |  | - |  |  |  | 2,144 |
Trade payables |  |  | 315 |  |  |  | 8,557 |  |  |  | 131 |  |  |  | 32 |  |  |  | 16 |  |  |  | 9,051 |
Cash and cash equivalents |  |  | 926 |  |  |  | 401 |  |  |  | 131 |  |  |  | 388 |  |  |  | 28 |  |  |  | 1,874 |
Disclosure of Detailed Information About Hedging Instruments | The following table summarises the notional amount of the Group’s commitments in relation to forward exchange contracts.
|  | Notional Amounts |  |  | Average Exchange Rate |
|  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |  |  | 31 January 2019 $ |  |  | 31 January 2018 $ |  |  | 31 January 2017 $ |
Buy USD / sell NZD |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Settlement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than 6 months |  |  | 34,395 |  |  |  | 48,149 |  |  |  | 47,292 |  |  |  | 0.6620 |  |  |  | 0.7061 |  |  |  | 0.6687 |
6 months to 1 year |  |  | - |  |  |  | - |  |  |  | 3,479 |  |  |  | - |  |  |  | - |  |  |  | 0.7186 |
|  | NZ$000’s |  |  | NZ$000’s |  |  | NZ$000’s |  |  | $ |  |  | $ |  |  | $ |
Buy AUD / sell NZD |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Settlement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than 6 months |  |  | - |  |  |  | 2,247 |  |  |  | 2,250 |  |  |  | - |  |  |  | 0.8900 |  |  |  | 0.8890 |
|  | NZ$000’s |  |  | NZ$000’s |  |  | NZ$000’s |  |  | $ |  |  | $ |  |  | $ |
Buy GBP / sell NZD |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Settlement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than 6 months |  |  | - |  |  |  | - |  |  |  | 1,000 |  |  |  | - |  |  |  | - |  |  |  | 0.5784 |
Disclosure of Financial Instruments by Type of Interest Rate | At the reporting date, the Group is exposed to changes in market interest rates through its bank borrowings, which are subject to variable interest rates.
|  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
Floating rate instruments |  |  |  |  |  |  |  |  |  |  |  |
Bank overdrafts |  |  | - |  |  |  | - |  |  |  | - |
Working capital financing bank facility |  |  | - |  |  |  | 22,489 |  |  |  | 31,710 |
Convertible notes |  |  | 78 |  |  |  | 1,740 |  |  |  | 16,474 |
Borrowings |  |  | 20,000 |  |  |  | 16,000 |  |  |  | 16,000 |
|  |  | 20,078 |  |  |  | 40,229 |  |  |  | 64,184 |
Currency risk [member] |
DisclosureOfFinancialRiskManagementLineItems [Line Items] |
Sensitivity Analysis for Types of Market Risk |
|  | NZ$000’s |
|  | +10% |  |  | -10% |
USD |  |  |  |  |  |  |  |
Net results/Equity (31 January 2019) |  |  | (954 | ) |  |  | 954 |
Net results/Equity (31 January 2018) |  |  | (1,509 | ) |  |  | 1,509 |
Net results/Equity (31 January 2017) |  |  | (1,196 | ) |  |  | 1,196 |
AUD |  |  |  |  |  |  |  |
Net results/Equity (31 January 2019) |  |  | (5 | ) |  |  | 5 |
Net results/Equity (31 January 2018) |  |  | (805 | ) |  |  | 805 |
Net results/Equity (31 January 2017) |  |  | 86 |  |  |  | (86 | )
GBP |  |  |  |  |  |  |  |
Net results/Equity (31 January 2019) |  |  | (1 | ) |  |  | 1 |
Net results/Equity (31 January 2018) |  |  | (175 | ) |  |  | 175 |
Net results/Equity (31 January 2017) |  |  | 34 |  |  |  | (34 | )
EUR |  |  |  |  |  |  |  |
Net results/Equity (31 January 2019) |  |  | (32 | ) |  |  | 32 |
Net results/Equity (31 January 2018) |  |  | (136 | ) |  |  | 136 |
Net results/Equity (31 January 2017) |  |  | 186 |  |  |  | (186 | )
HKD |  |  |  |  |  |  |  |
Net results/Equity (31 January 2019) |  |  | (1 | ) |  |  | 1 |
Net results/Equity (31 January 2018) |  |  | (14 | ) |  |  | 14 |
Net results/Equity (31 January 2017) |  |  | 1 |  |  |  | (1 | )
Interest Rate Risk [Member] |
DisclosureOfFinancialRiskManagementLineItems [Line Items] |
Sensitivity Analysis for Types of Market Risk | The calculations are based on the financial instruments held at each reporting date. All other variables are held constant.
|  | NZ$000’s |
|  | 1.00% |  |  | -1.00% |
|  | NZ$000’s |  |  | NZ$000’s |
Net results/Equity (31 January 2019) |  |  | 200 |  |  |  | (200 | )
Net results/Equity (31 January 2018) |  |  | 402 |  |  |  | (402 | )
Net results/Equity (31 January 2017) |  |  | 642 |  |  |  | (642 | )

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