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Financial Risk Management (Tables)
 12 Months Ended
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 )