XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.21.1

Share Capital | 12 Months Ended
--- | ---
Jan. 31, 2021
Disclosure of classes of share capital [abstract] |
Share Capital |
25 | Share Capital
|  | 31 January 2021 NZ$000’s |  |  | 31 January 2020 NZ$000’s |
446,582,604 (2020: 4,697,204) Ordinary shares |  |  | 338,498 |  |  |  | 170,193 |
| (a) | Ordinary shares
|  | For the Year Ended 31 January 2021 NZ$000’s |  |  | For the Year Ended 31 January 2020 NZ$000’s |
At the beginning of the reporting period |  |  | 170,193 |  |  |  | 134,183 |
Issuance of new shares |  |  |  |  |  |  |  |
- Cash collected from sale of new share issuances and cash exercise of warrants |  |  | 93,693 |  |  |  | 12,586 |
- Shares issued in lieu of agreed settlement |  |  | 5,503 |  |  |  | - |
- Conversion of debt |  |  | 1,689 |  |  |  | - |
- Shares issued in lieu of inventory payment |  |  | - |  |  |  | 15, 525 |
- Shares issued in lieu of related party loan |  |  | - |  |  |  | 1,546 |
- Convertible notes converted to equity |  |  | 67,420 |  |  |  | 5,979 |
Warrants issued |  |  | - |  |  |  | 374 |
At the end of the reporting period |  |  | 338,498 |  |  |  | 170,193 |
The holders of ordinary shares are entitled to participate in dividends and the proceeds on winding up of the Group. On a show of hands at meetings of the Group, each holder of ordinary shares has one vote in person or by proxy, and upon a poll each share is entitled to one vote. On 20 December 2019 the company executed a 1-100 reverse share split reducing the number of shares. The Group does not have authorised capital or par value in respect of its shares.
| (b) | Capital Management
The key objectives of the Group when managing capital is to safeguard its ability to continue as a going concern and maintain optimal benefits to stakeholders. Management also aims to maintain a capital structure that ensures the lowest cost of capital available to the entity. The Group defines capital as its equity and net debt. There has been no change to capital risk management policies during the year. Management are constantly adjusting the capital structure to take advantage of favourable costs of capital or high return on assets. As the market is constantly changing, management may change the amount of dividends to be paid to shareholders, return capital to shareholders or sell assets to reduce debt. The Group is not subject to any externally imposed capital requirements. The gearing ratio for the years ended 31 January 2021 and 31 January 2020 are as follows:
|  | Note |  |  | 31 January 2021 NZ$000’s |  |  | 31 January 2020 NZ$000’s |
Total borrowings |  |  | 22 |  |  |  | 17,495 |  |  |  | 38,913 |
Less Cash and cash equivalents |  |  | 15 |  |  |  | (90,925 | ) |  |  | (3,791 | )
Net cash)/ net debt |  |  |  |  |  |  | (73,430 | ) |  |  | 35,122 |
Equity |  |  |  |  |  |  | 89,191 |  |  |  | (6,284 | )
Total capital |  |  |  |  |  |  | 15,788 |  |  |  | 28,838 |
Gearing ratio |  |  |  |  |  |  | 20 | % |  |  | (619 | )%
| (b) | Warrants
The following warrants were outstanding as at 31 January 2021 (31 January 2020: 610,122).
Average Exercise Price (USD) |  |  | Issue Date |  | Expiry Date |  | No. of warrants |
|  |  | Mar-19 |  | Mar-21 |  |  | 42,285 |
|  |  | Mar-19 |  | Mar-23 |  |  | 14,000 |
$0.01 - $0.50 |  |  | Apr-19 |  | Apr-22 |  |  | 500 |
|  |  | May-19 |  | May-21 |  |  | 10,000 |
|  |  | Jul-19 |  | May-25 |  |  | 170,100 |
|  |  | Aug-19 |  | Feb-25 |  |  | 285,714 |
|  |  | Aug-19 |  | Aug-24 |  |  | 22,857 |
$1.51 - $2.00 |  |  | Nov-17 |  | Nov-21 |  |  | 2,000 |
|  |  | Oct-18 |  | Oct-21 |  |  | 20,000 |
$2.01 - $4.00 |  |  | Jun-18 |  | Jun-23 |  |  | 8,000 |
|  |  | Mar-19 |  | Mar-21 |  |  | 3,922 |
$4.01+ |  |  | May-18 |  | May-21 |  |  | 2,816 |
Total number of outstanding warrants as at 31 January 2021 |  |  | 582,194 |

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfClassesOfShareCapitalAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of classes of share capital. [Refer: Share capital [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 79 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_79_a&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration