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Intangible Assets (Tables)
 12 Months Ended
Jan. 31, 2020
Disclosure of detailed information about intangible assets [abstract]  
Disclosure of Detailed Information About Intangible Assets

    31 January 2020
NZ$000’s		    

31 January 2019

NZ$000’s

  
Goodwill            
Cost     6,091       5,607  
Accumulated impairment     (6,091 )     (3,287 )
      -       2,320  
Patents and licences                
Cost     25,151       25,993  
Accumulated amortisation and impairment     (3,489 )     (918 )
      21,662       25,075  
Brands                
Cost     12,032       14,769  
Accumulated amortisation and impairment     (5,401 )     (4,563 )
      6,631       10,205  
Software                
Cost     15,548       15,718  
Accumulated amortisation and impairment     (15,548 )     (15,455 )
      -       263  
Total Intangible assets     28,293       37,864  
Disclosure of Detailed Information About Movements in Carrying Amounts of Intangible Assets

  (a) Movements in carrying amounts of intangible assets

 

    Goodwill
NZ$000’s		     Patents and licences
NZ$000’s		     Brands
NZ$000’s		     Software
NZ$000’s		     Total
NZ$000’s		  
Year ended 31 January 2020                              
Balance at the beginning of the year     2,320       25,075       10,205       263       37,864  
Adjustments*     -       (2,310 )     -       -       (2,310 )
Amortisation     -       (589 )     -       -       (589 )
Impairment (note 6)     (2,480 )     (2,037 )     (3,694 )     (202 )     (8,413 )
Reclassification     -       -       -       (50 )     (50 )
Foreign exchange movements     160       1,523       120       (11 )     1,792  
Closing value at 31 January 2020     -       21,662       6,631       -       28,293  

 

* During the year, a financial liability relating to a shareholder loan on the balance sheet of Frederick’s of Hollywood (FOH) on the acquisition of FOH Online Corp Inc. was derecognised as the stock purchase agreement stipulated the transaction was debt free. This has resulted in a reduction to the carrying value of the acquired intangible asset with a write back to the profit and loss account for the accrued and capitalised interest. 

 

   

Goodwill

NZ$000’s

    

Patents and licences

NZ$000’s

    

Brands

NZ$000’s

    

Software

NZ$000’s

    

Total

NZ$000’s

  
Year ended 31 January 2019                              
Balance at the beginning of the year     -       201       12,463       348       13,012  
Additions     5,798       25,076       2,726       33       33,633  
Amortisation     -       (202 )     -       (29 )     (231 )
Impairment     (3,287 )     -       (4,563 )     (83 )     (7,933 )
Foreign exchange movements     (192 )     -       (420 )     (6 )     (618 )
Closing value at 31 January 2019     2,320       25,075       10,205       -       37,864  
Disclosure of Information for Cash-generating Units

For the purpose of impairment testing, goodwill is allocated to cash-generating units as below:

Description of the cash-generating unit (CGU)   For the Year Ended 31 January 2020
NZ $000’s		    

For the Year Ended 31 January 2019

NZ $000’s

  
United States     2,480       2,320  
Impairment of goodwill     2,480       2,320  
Disclosure of Detailed Information About Impairment of Patents & Licences

The Group also fully impaired the carrying value of patents and licence acquired as part of the Naked merger.

 

   

For the Year Ended 31 January 2020

NZ $000’s

     For the Year Ended 31 January 2019
NZ $000’s		  
             
FOH licence     1,914       -  
Naked patents & licence     123       -  
Impairment of patents & licences     2,037       -  
Disclosure of Detailed Information About Impairment of Indefinite-lived Brand Intangibles

Brand intangible assets represent brands owned by the Group, that arose on historical acquisitions including Pleasure State, Davenport and Lovable.

 

   

For the Year Ended 31 January 2020

NZ $000’s

    

For the Year Ended 31 January 2019

NZ $000’s

  
                 
Pleasure State     125       2,206  
Davenport and Lovable     1,439       1,065  
Naked     2,130       1,292  
Impairment of indefinite-lived brand intangibles     3,694       4,563