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Share Capital | 12 Months Ended
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Jan. 31, 2020
Disclosure of classes of share capital [abstract] |
Share Capital |
23 | Share Capital
|  | 31 January 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |
4,697,204 (2019: 296,409) Ordinary shares |  |  | 170,193 |  |  |  | 134,183 |
| (a) Ordinary shares
|  | For the Year Ended 31 January 2020 NZ$000’s |  |  | For the Year Ended 31 January 2019 NZ$000’s |
At the beginning of the reporting period |  |  | 134,183 |  |  |  | 68,727 |
Issuance of new shares |  |  |  |  |  |  |  |
- Cash collected |  |  | 12,586 |  |  |  | 23,248 |
- Settle shareholder loan |  |  | - |  |  |  | 12,242 |
- Shares issued in lieu of consultancy fee |  |  | - |  |  |  | 692 |
- Shares issued in lieu of inventory payment |  |  | 15, 525 |  |  |  | 4,047 |
- Shares issued in lieu of related party loan |  |  | 1,546 |  |  |  | - |
Convertible note conversion |  |  | 5,979 |  |  |  | 4,159 |
Warrants issued |  |  | 374 |  |  |  | - |
Business combination with Naked Brand Group Inc. |  |  | - |  |  |  | 14,196 |
Asset acquisition of FOH Online Inc. |  |  | - |  |  |  | 6,872 |
At the end of the reporting period |  |  | 170,193 |  |  |  | 134,183 |
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. On 20 December 2019 the company executed a 1-100 reverse share split reducing the number of shares. The reverse split has also been reflected in the prior year number of shares. The Group does not have authorised capital or par value in respect of its shares.
| (b) 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 2020 and 31 January 2019 are as follows:
|  | Note |  |  | 31 January 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |
Total borrowings |  |  | 20 |  |  |  | 38,913 |  |  |  | 20,967 |
Less Cash and cash equivalents |  |  | 12 |  |  |  | (3,791 | ) |  |  | (1,962 | )
Net debt |  |  |  |  |  |  | 35,122 |  |  |  | 19,005 |
Equity |  |  |  |  |  |  | (6,284 | ) |  |  | 10,519 |
Total capital |  |  |  |  |  |  | 28,838 |  |  |  | 29,524 |
Gearing ratio |  |  |  |  |  |  | 122 | % |  |  | 64 | %
(c) Warrants The following warrants were outstanding as at 31 January 2020 (31 January 2019: 49,000*).
Average Exercise Price (USD) |  | Issue Date |  |  | Expiry Date |  |  | No. of warrants |
|  |  | Mar-19 |  |  |  | Mar-23 |  |  |  | 14,000 |
|  |  | Mar-19 |  |  |  | Mar-24 |  |  |  | 3,921 |
$0.01 - $0.50 |  |  | Apr-19 |  |  |  | Apr-22 |  |  |  | 500 |
|  |  | May-19 |  |  |  | May-21 |  |  |  | 10,000 |
|  |  | Jul-19 |  |  |  | May-25 |  |  |  | 170,100 |
|  |  | Aug-19 |  |  |  | Feb-25 |  |  |  | 285,714 |
|  |  | Aug-19 |  |  |  | Aug-24 |  |  |  | 22,857 |
$0.50 - $1.00 |  |  | Mar-19 |  |  |  | Mar-21 |  |  |  | 42,280 |
$1.50 - $2.00 |  |  | Nov-17 |  |  |  | Nov-21 |  |  |  | 2,000 |
|  |  | Oct-18 |  |  |  | Oct-21 |  |  |  | 20,000 |
|  |  | Dec-17 |  |  |  | Dec-20 |  |  |  | 10,660 |
|  |  | Apr-18 |  |  |  | Apr-20 |  |  |  | 5,140 |
$2.01 - $4.00 |  |  | May-18 |  |  |  | Mar-20 |  |  |  | 2,030 |
|  |  | Jun-18 |  |  |  | Jun-20 |  |  |  | 3,430 |
|  |  | Jun-18 |  |  |  | Jun-23 |  |  |  | 8,000 |
|  |  | Mar-19 |  |  |  | Jun-20 |  |  |  | 6,670 |
$4.01+ |  |  | May-18 |  |  |  | May-21 |  |  |  | 2,820 |
Total number of outstanding warrants as at 31 January 2020 |  |  |  |  |  |  |  |  |  |  | 610,122 |
* On 20 December 2019 the company executed a 1-100 reverse share split reducing the number of warrants. The reverse split has also been reflected in the prior year number of warrants outstanding.

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