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Operating Segments (Tables)

12 Months Ended

Jan. 31, 2020

Disclosure Of Detailed information about reserves within equity [Text Block]

Disclosure of Reconciliation of Segment Revenue to Profit or Loss and Other Comprehensive Income

Reconciliation of segment revenue to consolidated statements of profit or loss and other comprehensive income:

		For the Year Ended 31 January 2020 NZ$000’s				For the Year Ended 31 January 2019 NZ$000’s				For the Year Ended 31 January 2018 NZ$000’s
Total segment revenue			104,153				136,842				156,311
Intersegment eliminations			(14,088	)			(24,922	)			(24,923	)
Other revenue			-				-				-
Total revenue			90,065				111,920				131,388

Disclosure of Reconciliation of Segment EBITDA to Profit or Loss and Other Comprehensive Income

The Board meets on a monthly basis to assess the performance of each segment, net operating profit does not include non-operating revenue and expenses such as dividends, fair value gains and losses.

		For the Year Ended 31 January 2020 NZ$000’s				For the Year Ended 31 January 2019 NZ$000’s				For the Year Ended 31 January 2018 NZ$000’s
Segment EBITDA			(16,167	)			(25,602	)			(24,053	)
Any other reconciling items			(37,356	)			(24,892	)			(13,480	)
Income tax (expense)/benefit			(782	)			1,274				(60	)
Total net loss after tax			(54,305	)			(49,220	)			(37,593	)

Disclosure of Detailed Information About Geographical Information

In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers whereas segment assets are based on the location of the assets.

		For the Year Ended 31 January 2020 NZ$000’s				For the Year Ended 31 January 2019 NZ$000’s				For the Year Ended 31 January 2018 NZ$000’s
New Zealand			33,786				40,703				46,665
Australia			24,365				32,065				38,208
United States			30,863				34,156				32,323
Europe			1,051				4,996				14,192
			90,065				111,920				131,388

Disclosure of Detailed Information About Segment Performance

		NZ Retail NZ$000’s				AU Retail NZ$000’s				NZ Wholesale NZ$000’s				AU Wholesale NZ$000’s				US Wholesale NZ$000’s				EU Wholesale NZ$000’s				e-commerce NZ$000’s				Unallocated NZ$000’s				Total NZ$000’s
For the year ended 31 January 2020
Revenue from external customers			28,302				14,274				3,482				7,066				3,955				1,051				31,935				-				90,065
			28,302				14,274				3,482				7,066				3,955				1,051				31,935				-				90,065
Cost of sales			(12,997	)			(6,585	)			(3,455	)			(4,837	)			(2,265	)			(785	)			(20,916	)			(4,407	)			(56,247	)
Gross margin			15,305				7,689				27				2,229				1,689				266				11,020				(4,407	)			33,818
Other segment expenses*			(10,491	)			(8,293	)			(473	)			(2,149	)			(523	)			33				(13,659	)			-				(35,555	)
Unallocated expenses
Administrative expenses			-				-				-				-				-				-				-				(1,234	)			(1,234	)
Corporate expenses			-				-				-				-				-				-				-				(12,772	)			(12,772	)
Other foreign exchange loss			-				-				-				-				-				-				-				(424	)			(424	)
EBITDA			4,814				(604	)			(446	)			80				1,166				299				(2,639	)			(18,837	)			(16,167	)
Brand transition, restructure and transaction expenses**			-				-				-				-				-				-				-				(13,687	)			(13,687	)
Finance expense			-				-				-				-				-				-				-				(5,213	)			(5,213	)
Interest income			-				-				-				-				-				-				-				12				12
Impairment expense			-				-				-				-				-				-				-				(8,904	)			(8,904	)
Depreciation and amortisation			-				-				-				-				-				-				-				(10,603	)			(10,603	)
Fair value gain on foreign exchange contracts			-				-				-				-				-				-				-				729				729
Unrealised foreign exchange gain			-				-				-				-				-				-				-				310				310
Fair value gain/(loss) on Convertible Notes derivative			-				-				-				-				-				-				-				-				-
Income/(loss) before income tax expense			4,814				(604	)			(446	)			80				1,166				299				(2,639	)			(56,193	)			(53,523	)
Income tax expense			-				-				-				-				-				-				-				(782	)			(782	)
Income/(loss) after income tax expense			4,814				(604	)			(446	)			80				1,166				299				(2,639	)			(56,975	)			(54,305	)

* Other segment expenses relate to brand management expenses and some corporate expenses.

** Brand transition, restructure and transaction expenses are shown net of proceeds from the sale of Naked brand and trademarks.

				NZ Retail NZ$000’s				AU Retail NZ$000’s				NZ Wholesale NZ$000’s				AU Wholesale NZ$000’s				US Wholesale NZ$000’s				EU Wholesale NZ$000’s				e-commerce NZ$000’s				Unallocated NZ$000’s				Total NZ$000’s
		For the year ended 31 January 2019
		Revenue from external customers			31,801				18,547				7,154				11,491				5,798				4,996				32,133				-				111,920
					31,801				18,547				7,154				11,491				5,798				4,996				32,133				-				111,920
		Cost of sales			(15,424	)			(9,192	)			(6,372	)			(8,498	)			(5,222	)			(4,490	)			(21,248	)			(4,034	)			(74,480	)
		Gross margin			16,377				9,355				782				2,993				576				506				10,885				(4,034	)			37,440
		Other segment expenses*			(13,537	)			(11,003	)			(912	)			(4,495	)			(2,724	)			(1,536	)			(11,247	)			-				(45,454	)
		Unallocated expenses
		Administrative expenses			-				-				-				-				-				-				-				(1,050	)			(1,050	)
		Corporate expenses			-				-				-				-				-				-				-				(17,947	)			(17,947	)
		Other foreign exchange gain			-				-				-				-				-				-				-				1,409				1,409
		EBITDA			2,840				(1,648	)			(130	)			(1,502	)			(2,148	)			(1,030	)			(362	)			(21,622	)			(25,602	)
		Brand transition, restructure and transaction expenses			-				-				-				-				-				-				-				(10,075	)			(10,075	)
		Finance expense			-				-				-				-				-				-				-				(4,041	)			(4,041	)
		Impairment expense			-				-				-				-				-				-				-				(8,173	)			(8,173	)
		Depreciation and amortisation			-				-				-				-				-				-				-				(2,382	)			(2,382	)
		Fair value loss on foreign exchange contracts			-				-				-				-				-				-				-				(1,704	)			(1,704	)
		Unrealised foreign exchange gain			-				-				-				-				-				-				-				2,258				2,258
		Fair value loss on Convertible Notes derivative			-				-				-				-				-				-				-				(775	)			(775	)
		Income/(loss) before income tax expense			2,840				(1,648	)			(130	)			(1,502	)			(2,148	)			(1,030	)			(362	)			(46,514	)			(50,494	)
		Income tax benefit			-				-				-				-				-				-				-				1,274				1,274
		Income/(loss) after income tax expense			2,840				(1,648	)			(130	)			(1,502	)			(2,148	)			(1,030	)			(362	)			(45,240	)			(49,220	)

* Other segment expenses relate to brand management expenses and some corporate expenses.

For the year ended 31 January 2018		NZ Retail NZ$000’s				AU Retail NZ$000’s				NZ Wholesale NZ$000’s				AU Wholesale NZ$000’s				US Wholesale NZ$000’s				EU Wholesale NZ$000’s				e-commerce NZ$000’s				Unallocated NZ$000’s				Total NZ$000’s
Revenue from external customers			34,269				18,236				10,453				15,512				6,390				14,192				32,234				-				131,286
Service income			-				-				-				-				-				-				-				102				102
			34,269				18,236				10,453				15,512				6,390				14,192				32,234				102				131,388
Cost of sales			(16,488	)			(9,457	)			(8,213	)			(12,545	)			(6,438	)			(10,221	)			(20,974	)			(3,123	)			(87,459	)
Gross margin			17,781				8,779				2,240				2,967				(48	)			3,971				11,260				(3,021	)			43,929
Other segment expenses*			(13,451	)			(11,329	)			(1,068	)			(3,781	)			(3,301	)			(2,904	)			(11,520	)			-				(47,354	)
Unallocated expenses
Administrative expenses			-				-				-				-				-				-				-				(1,101	)			(1,101	)
Corporate expenses			-				-				-				-				-				-				-				(19,150	)			(19,150	)
Other foreign exchange loss			-				-				-				-				-				-				-				(377	)			(377	)
EBITDA			4,330				(2,550	)			1,172				(814	)			(3,349	)			1,067				(260	)			(23,649	)			(24,053	)
Brand transition, restructure and transaction expenses			-				-				-				-				-				-				-				(3,272	)			(3,272	)
Finance expense			-				-				-				-				-				-				-				(8,791	)			(8,791	)
Impairment expense			-				-				-				-				-				-				-				(1,914	)			(1,914	)
Depreciation and amortisation expense			-				-				-				-				-				-				-				(3,030	)			(3,030	)
Fair value loss on foreign exchange contracts			-				-				-				-				-				-				-				(502	)			(502	)
Unrealised foreign exchange gain			-				-				-				-				-				-				-				1,636				1,636
Fair value gain on Convertible Note derivative			-				-				-				-				-				-				-				2,393				2,393
Income/(loss) before income tax expense			4,330				(2,550	)			1,172				(814	)			(3,349	)			1,067				(260	)			(37,129	)			(37,533	)
Income tax expense			-				-				-				-				-				-				-				(60	)			(60	)
Income/(loss) after income tax expense			4,330				(2,550	)			1,172				(814	)			(3,349	)			1,067				(260	)			(37,189	)			(37,593	)

* Other segment expenses relate to brand management expenses and some corporate expenses.