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Trade and Other Receivables | 12 Months Ended
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Jan. 31, 2020
Trade and other receivables [abstract] |
Trade and Other Receivables |
13 | Trade and Other Receivables
|  |  |  | 31 January 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |
CURRENT |  |  |  |  |  |  |  |
Trade receivables |  |  |  |  | 2,358 |  |  |  | 7,789 |
Provision for impairment |  | (a) |  |  | (22 | ) |  |  | (609 | )
|  |  |  |  | 2,336 |  |  |  | 7,180 |
Prepayments |  |  |  |  | 2,959 |  |  |  | 2,280 |
Other receivables |  |  |  |  | 762 |  |  |  | 183 |
Total current trade and other receivables |  |  |  |  | 6,057 |  |  |  | 9,650 |
Due to the short-term nature of the current receivables, their carrying amount is considered to be the same as their fair value.
| (a) | Impairment of receivables
The Group applies the simplified approach to providing for expected credit losses prescribed by IFRS 9, which permits the use of the lifetime expected loss provision for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The loss allowance provision as at 31 January 2020 is determined as follows, the expected credit losses incorporate forward looking information.
31 January 2020 |  | 0 - 30 days |  |  | 31 - 60 days |  |  | 60 - 90 days |  |  | > 90 days overdue |  |  | Total |
Expected loss rate (%) |  |  | 0 | % |  |  | 0 | % |  |  | 0 | % |  |  | 100 | % |  |  |  |
Gross carrying amount ($) |  |  | 2,039 |  |  |  | 247 |  |  |  | 50 |  |  |  | 22 |  |  |  | 2,358 |
ECL provision |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 22 |  |  |  | 22 |
Reconciliation of changes in the provision for impairment of receivables is as follows:
|  | For the Year Ended 31 January 2020 NZ$000’s |  |  | For the Year Ended 31 January 2019 NZ$000’s |
Balance at beginning of the period (calculated in accordance with IAS 139) |  |  | (609 | ) |  |  | (326 | )
Opening impairment allowance calculated under IFRS 9 |  |  | (609 | ) |  |  | (326 | )
Movement through provision |  |  | (4 | ) |  |  | (1,037 | )
Unused amounts reversed |  |  | 616 |  |  |  | 772 |
Foreign exchange movement |  |  | (25 | ) |  |  | (18 | )
Balance at end of the period |  |  | (22 | ) |  |  | (609 | )
The Group measures the loss allowance for trade receivables at an amount equal to lifetime expected credit loss (ECL). The ECL on trade receivables are estimated using a provision matrix by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date. The Group has recognised a loss allowance of 100% against identifiable receivables at risk in excess of 90 days because historical experience has indicated that these receivables are generally not recoverable. There has been no change in the estimation techniques or significant assumptions made during the current reporting period. The Group writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings, whichever occurs first.
| (b) | Aged analysis
The ageing analysis of receivables is as follows:
|  | 31 January 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |
0-30 days |  |  | 2,039 |  |  |  | 5,577 |
31-60 days |  |  | 247 |  |  |  | 852 |
61-90 days (past due not impaired) |  |  | 50 |  |  |  | 101 |
91+ days (past due not impaired) |  |  | - |  |  |  | 3,295 |
91+ days (considered impaired) |  |  | 22 |  |  |  | (2,036 | )
|  |  | 2,358 |  |  |  | 7,789 |

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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- References No definition available. + Details
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