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Share Capital | 12 Months Ended
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Jan. 31, 2019
Disclosure of classes of share capital [abstract] |
Share Capital |
21 | Share Capital
|  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
29,640,965 (2018: 306,028, 2017: 274,839) Ordinary shares |  |  | 134,183 |  |  |  | 68,727 |  |  |  | 27,948 |
| (a) | Ordinary shares
|  | For the Year Ended 31 January 2019 NZ$000’s |  |  | For the Year Ended 31 January 2018 NZ$000’s |  |  | For the 7 months Ended 31 January 2017 NZ$000’s |
At the beginning of the reporting period |  |  | 68,727 |  |  |  | 27,948 |  |  |  | 3,108 |
Issuance of new shares |  |  |  |  |  |  |  |  |  |  |  |
- Cash collected |  |  | 23,248 |  |  |  | 22,990 |  |  |  | 24,840 |
- Settle shareholder loan |  |  | 12,242 |  |  |  | - |  |  |  | - |
- Shares issued in lieu of consultancy fee |  |  | 692 |  |  |  | - |  |  |  | - |
- Shares issued in lieu of inventory payment |  |  | 4,047 |  |  |  | - |  |  |  | - |
Convertible note maturity |  |  | 4,159 |  |  |  | 17,789 |  |  |  | - |
Business combination with Naked Brand Group Inc. |  |  | 14,196 |  |  |  | - |  |  |  | - |
Asset acquisition of FOH Online Inc. |  |  | 6,872 |  |  |  | - |  |  |  | - |
At the end of the reporting period |  |  | 134,183 |  |  |  | 68,727 |  |  |  | 27,948 |
The holders of ordinary shares are entitled to participate in dividends and the proceeds on winding up of the Group. On a show of hands at meetings of the Group, each holder of ordinary shares has one vote in person or by proxy, and upon a poll each share is entitled to one vote. The Group does not have authorised capital or par value in respect of its shares.
|  | For the Year Ended 31 January 2019 Number |  |  | For the Year Ended 31 January 2018 Number |  |  | For the 7 months Ended 31 January 2017 Number |
Naked Brand Group Limited shares issued on close of the merger between Bendon Limited and Naked Brand Group Inc. |  |  |  |  |  |  |  |  |  |  |  |
- Bendon shareholders |  |  | 20,889,940 |  |  |  | 274,839 |  |  |  | 250,000 |
- Naked shareholders |  |  | 2,068,438 |  |  |  | - |  |  |  | - |
Shares issued during the period |  |  | 6,682,587 |  |  |  | 10,180 |  |  |  | 24,839 |
At the end of the period |  |  | 29,640,965 |  |  |  | 285,019 |  |  |  | 274,839 |
The number of shares for the year ended 31 January 2018 and 31 January 2017 relate to the pre-merger entity Bendon Limited.
| (b) | Other equity
|  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
Value of conversion rights - convertible notes |  |  | 4,159 |  |  |  | 17,789 |  |  |  | - |
The amount shown for other equity is the value of the conversion rights relating to the 15% convertible notes, details of which are shown in note 19(d).
| (c) | Capital Management
The key objectives of the Group when managing capital is to safeguard its ability to continue as a going concern and maintain optimal benefits to stakeholders. Management also aims to maintain a capital structure that ensures the lowest cost of capital available to the entity. The Group defines capital as its equity and net debt. There has been no change to capital risk management policies during the year. Management are constantly adjusting the capital structure to take advantage of favourable costs of capital or high return on assets. As the market is constantly changing, management may change the amount of dividends to be paid to shareholders, return capital to shareholders or sell assets to reduce debt. The Group is not subject to any externally imposed capital requirements. The gearing ratio for the years ended 31 January 2019, 31 January 2018 and 31 January 2017 are as follows:
|  | Note |  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2017 NZ$000’s |
Total borrowings |  | 19 |  |  | 22,016 |  |  |  | 52,121 |  |  |  | 68,998 |
Less Cash and cash equivalents |  | 11 |  |  | (1,962 | ) |  |  | (10,739 | ) |  |  | (2,644 | )
Net debt |  |  |  |  | 20,054 |  |  |  | 41,382 |  |  |  | 66,354 |
Equity |  |  |  |  | 10,800 |  |  |  | (5,710 | ) |  |  | (9,044 | )
Total capital |  |  |  |  | 30,854 |  |  |  | 35,672 |  |  |  | 57,310 |
Gearing ratio |  |  |  |  | 65 | % |  |  | 116 | % |  |  | 116 | %

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- Definition The disclosure of classes of share capital. [Refer: Share capital [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 79 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_79_a&doctype=Standard -URIDate 2018-03-16 + Details
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