Share Capital (Bendon Limited)

6 Months Ended

12 Months Ended

Jul. 31, 2018

Jan. 31, 2018

Disclosure of classes of share capital [line items]

Share Capital

14 Share Capital

	31 July 2018 NZ $000’s		31 January 2018 NZ $000’s
20,952,824 (31 January 2018: 306,028) Ordinary shares		116,491		68,727

Ordinary shares
	6 months to 31 July 2018 NZ $000’s		6 months to 31 January 2018 NZ $000’s
At the beginning of the reporting period		68,727		40,667
Issuance of ordinary shares:
- Cash collected		17,165		10,271
- Settle Shareholder loan		12,244		-
- Shares issued in lieu of consultancy fee		692		-
Convertible notes converted		4,159		17,789
Business combination with Naked Brand Group Inc.		14,196		-
At the end of the reporting period		117,183		68,727

The holders of ordinary shares are entitled to participate in dividends and the proceeds on winding up of the Company. On a show of hands at meetings of the Company, each holder of ordinary shares has one vote in person or by proxy, and upon a poll each share is entitled to one vote.

The Company does not have authorised capital or par value in respect of its shares.

	For the Year Ended 31 July 2018 Number		For the 6 Months Ended 31 January 2018 Number
Naked Brand Group Limited shares issued on close of the merger between Bendon Limited and Naked Brand Group Inc.
- Bendon shareholders		18,617,719		305,136
- Naked shareholders		2,068,438		-
Shares issued during the period		266,667		-
At the end of the period		20,952,824		305,136

The number of shares for the 6 months ended 31 January 2018 relates to the pre-merger entity Bendon Limited.

Bendon Limited [Member]

Disclosure of classes of share capital [line items]

Share Capital

18 Share Capital

	31 January		31 January		30 June		30 June
	2018		2017		2016		2015
	NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s
306,028 (2017: 274,839, 2016: 250,000, 2015: 250,000) Ordinary shares		68,727		27,948		3,108		3,108

(a) Ordinary shares

			For the 7
	For the Year		Months		For the Year		For the Year
	Ended 31		Ended 31		Ended 30		Ended 30
	January 2018		January 2017		June 2016		June 2015
	NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s
At the beginning of the reporting period		27,948		3,108		3,108		3,108
Issuance of new shares		22,990		24,840		-		-
Convertible note maturity		17,789		-		-		-
At the end of the reporting period		68,727		27,948		3,108		3,108

The holders of ordinary shares are entitled to participate in dividends and the proceeds on winding up of the Company. On a show of hands at meetings of the Company, each holder of ordinary shares has one vote in person or by proxy, and upon a poll each share is entitled to one vote.

The Company does not have authorised capital or par value in respect of its shares.

	For the Year		For the Year		For the Year		For the Year
	Ended 31		Ended 31		Ended 30		Ended 30
	January 2018		January 2017		June 2016		June 2015
	Number		Number		Number		Number
At the beginning of the period		274,839		250,000		250,000		250,000
Shares issued during the period		31,189		24,839		-		-
At the end of the period		306,028		274,839		250,000		250,000

(b) Other equity

	31 January		31 January		30 June		30 June
	2018		2017		2016		2015
	NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s
Value of conversion rights - convertible notes		17,789		-		-		-

The amount shown for other equity is the value of the conversion rights relating to the 15% convertible notes, details of which are shown in note 16(d).

(c) Capital Management

The key objectives of the Company 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 Company 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 is as follows:

		2018			2017			30 June 2016			30 June 2015
	Note	NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s
Total borrowings	16		52,121			68,998			77,593			56,273
Less Cash and cash equivalents	8		(10,739	)		(2,644	)		(4,193	)		(1,246	)
Net debt			41,382			66,354			73,400			55,027
Equity			(5,710	)		(9,044	)		(17,876	)		2,839
Total Captial			35,672			57,310			55,524			57,866
Gearing ratio			116	%		116	%		132	%		95	%