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v3.20.1

Financial Risk Management (Tables) | 12 Months Ended
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Jan. 31, 2020
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 2020 |  |  | 2,052 |  |  |  | 10,407 |  |  |  | 12,459 |  |  |  | - |  |  |  | - |  |  |  | - |
31 January 2019 |  |  | 1,329 |  |  |  | 23,580 |  |  |  | 24,908 |  |  |  | 18,325 |  |  |  | (19,212 | ) |  |  | (887 | )
1 to 3 months |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2020 |  |  | 18,044 |  |  |  | - |  |  |  | 18,044 |  |  |  | - |  |  |  | - |  |  |  | - |
31 January 2019 |  |  | 184 |  |  |  | - |  |  |  | 184 |  |  |  | 9,610 |  |  |  | (10,061 | ) |  |  | (451 | )
3 months to 1 year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2020 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
31 January 2019 |  |  | 20,184 |  |  |  | - |  |  |  | 20,184 |  |  |  | 4,976 |  |  |  | (5,121 | ) |  |  | (145 | )
1 to 5 years |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2020 |  |  | 28,764 |  |  |  | - |  |  |  | 28,764 |  |  |  | - |  |  |  | - |  |  |  | - |
31 January 2019 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
31 January 2020 |  |  | 48,860 |  |  |  | 10,407 |  |  |  | 59,267 |  |  |  | - |  |  |  | - |  |  |  | - |
31 January 2019 |  |  | 21,697 |  |  |  | 23,580 |  |  |  | 45,277 |  |  |  | 32,912 |  |  |  | (34,395 | ) |  |  | (1,483 | )
Disclosure of Credit Risk Exposure |
|  | 31 January 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |
Trade receivables Counterparty without external credit ratings |  |  |  |  |  |  |  |  |  |  |  |
New customer less than 6 months |  |  | - |  |  |  | 42 |  |  |  | 12 |
Existing customers (more than 6 months with default in past) |  |  | 2,358 |  |  |  | 7,747 |  |  |  | 9,970 |
Total |  |  | 2,358 |  |  |  | 7,789 |  |  |  | 9,982 |
Cash at bank |  | 31 January 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |
Credit ratings |  |  |  |  |  |  |  |  |  |  |  |
AA- |  |  | 3,747 |  |  |  | 1,915 |  |  |  | 10,591 |
A+ |  |  | - |  |  |  | - |  |  |  | 94 |
Total |  |  | 3,747 |  |  |  | 1,915 |  |  |  | 10,685 |
Disclosure of Market Risk | Foreign currency denominated financial assets and liabilities, translated into New Zealand Dollars at the closing rate, are as follows:
31 January 2020 |  | AUD NZ$000’s |  |  | USD NZ$000’s |  |  | GBP NZ$000’s |  |  | EUR NZ$000’s |  |  | HKD NZ$000’s |  |  | Total NZ$000’s |
Nominal amounts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables |  |  | - |  |  |  | 19 |  |  |  | 20 |  |  |  | 441 |  |  |  | - |  |  |  | 480 |
Trade payables |  |  | 12 |  |  |  | 4,068 |  |  |  | 85 |  |  |  | 1 |  |  |  | 2 |  |  |  | 4,168 |
Cash and cash equivalents |  |  | 1,500 |  |  |  | 747 |  |  |  | 85 |  |  |  | 5 |  |  |  | 4 |  |  |  | 2,341 |
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 |
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 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |  |  | 31 January 2018 NZ$000’s |  |  | 31 January 2020 $ |  |  | 31 January 2019 $ |  |  | 31 January 2018 $ |
Buy USD / sell NZD |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Settlement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less than 6 months |  |  | - |  |  |  | 34,395 |  |  |  | 48,149 |  |  |  | - |  |  |  | 0.6620 |  |  |  | 0.7061 |
Buy AUD / sell NZD |  |  |  |  |  |
Settlement |  | NZ$000’s |  |  | NZ$000’s |  |  | NZ$000’s |  |  | $ |  |  | $ |  |  | $ |
Less than 6 months |  |  | - |  |  |  | - |  |  |  | 2,247 |  |  |  | - |  |  |  | - |  |  |  | 0.8900 |
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 2020 NZ$000’s |  |  | 31 January 2019 NZ$000’s |
Floating rate instruments |  |  |  |  |  |  |  |
Bank overdrafts |  |  | - |  |  |  | - |
Working capital financing bank facility |  |  | - |  |  |  | - |
Convertible notes |  |  | - |  |  |  | 78 |
Borrowings |  |  | 17,900 |  |  |  | 20,000 |
|  |  | 17,900 |  |  |  | 20,078 |
Currency risk [member] |
DisclosureOfFinancialRiskManagementLineItems [Line Items] |
Sensitivity Analysis for Types of Market Risk |
|  | NZ$000’s |
|  | +10% |  |  | -10% |
USD |  |  |  |  |  |  |  |
Net results/Equity (31 January 2020) |  |  | (594 | ) |  |  | 594 |
Net results/Equity (31 January 2019) |  |  | (954 | ) |  |  | 954 |
Net results/Equity (31 January 2018) |  |  | (1,509 | ) |  |  | 1,509 |
AUD |  |  |  |  |  |  |  |
Net results/Equity (31 January 2020) |  |  | (1 | ) |  |  | 1 |
Net results/Equity (31 January 2019) |  |  | (5 | ) |  |  | 5 |
Net results/Equity (31 January 2018) |  |  | (805 | ) |  |  | 805 |
GBP |  |  |  |  |  |  |  |
Net results/Equity (31 January 2020) |  |  | (16 | ) |  |  | 16 |
Net results/Equity (31 January 2019) |  |  | (1 | ) |  |  | 1 |
Net results/Equity (31 January 2018) |  |  | (175 | ) |  |  | 175 |
EUR |  |  |  |  |  |  |  |
Net results/Equity (31 January 2020) |  |  | (42 | ) |  |  | 42 |
Net results/Equity (31 January 2019) |  |  | (32 | ) |  |  | 32 |
Net results/Equity (31 January 2018) |  |  | (136 | ) |  |  | 136 |
HKD |  |  |  |  |  |  |  |
Net results/Equity (31 January 2020) |  |  | (-) |  |  |  | - |
Net results/Equity (31 January 2019) |  |  | (1 | ) |  |  | 1 |
Net results/Equity (31 January 2018) |  |  | (14 | ) |  |  | 14 |
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 2020) |  |  | 179 |  |  |  | (179 | )
Net results/Equity (31 January 2019) |  |  | 200 |  |  |  | (200 | )

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