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Capital and Leasing Commitments | 12 Months Ended
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Jan. 31, 2019
Disclosure of capital and leasing commitments [Abstract] |
Capital and Leasing Commitments |
25 | Capital and Leasing Commitments
| (a) | Operating Leases
|  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
Minimum lease payments under non-cancellable operating leases: |  |  |  |  |  |  |  |  |  |  |  |
- not later than one year |  |  | 8,533 |  |  |  | 9,618 |  |  |  | 9,472 |
- between one year and five years |  |  | 18,039 |  |  |  | 14,943 |  |  |  | 14,435 |
- later than five years |  |  | 1,485 |  |  |  | 528 |  |  |  | 59 |
|  |  | 28,057 |  |  |  | 25,089 |  |  |  | 23,966 |
Operating leases are in place for leased premises and vehicles, and normally have a term between 1 and 11 years. Lease payments are increased on an annual basis to reflect market rentals.
| (b) | Contracted Commitments
|  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
Licence contract |  |  |  |  |  |  |  |  |  |  |  |
- not later than one year |  |  | 4,286 |  |  |  | 3,797 |  |  |  | 3,652 |
- between one year and five years |  |  | 8,696 |  |  |  | 12,009 |  |  |  | 15,917 |
|  |  | 12,982 |  |  |  | 15,806 |  |  |  | 19,569 |
The Group has an exclusive licence to use the trademark and name Heidi Klum in the manufacture, promotion, sale and distribution of product. The contract was executed on 26 September 2014 and commenced on 1 January 2015. The contract has a 7 year term with no rights to renew. Licence royalties are calculated based on net sales, and the minimum guarantee payments payable by the Group are set out above.

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