Operating Segments (Tables) (Bendon Limited)

6 Months Ended

12 Months Ended

Jul. 31, 2018

Jan. 31, 2018

DisclosureOfOperatingSegmentLineItems [Line Items]

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:

	6 months to 31 July 2018 NZ $000’s			6 months to 31 July 2017 NZ $000’s
Total segment revenue		65,736			71,095
Intersegment eliminations		(8,986	)		(11,308	)
Total revenue		56,750			59,787

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.

	6 months to 31 July 2018 NZ $000’s			6 months to 31 July 2017 NZ $000’s
Segment EBITDA		(15,436	)		(16,285	)
Income tax (expense)/benefit		411			(174	)
Other revenue					-
Any other reconciling items		(11,069	)		(2,754	)
Total net loss after tax		(26,094	)		(19,213	)

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.

	6 months to 31 July 2018 NZ $000’s		6 months to 31 July 2017 NZ $000’s
New Zealand		20,984		19,940
Australia		17,570		16,197
United States		14,383		15,496
Europe		3,813		8,154
		56,750		59,787

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
For the 6 months ended 31 July 2018
Revenue from external customers		15,571			8,758			4,556			6,757			3,047			3,813			14,248			-			56,750
Service income		-			-			-			-			-			-			-			-			-
		15,571			8,758			4,556			6,757			3,047			3,813			14,248			-			56,750
Cost of sales		(7,612	)		(4,246	)		(3,695	)		(5,246	)		(2,923	)		(3,007	)		(10,234	)		(2,109	)		(39,072	)
Gross margin		7,959			4,512			861			1,511			124			806			4,014			(2,109	)		17,678
Other segment expenses*		(6,856	)		(5,644	)		(672	)		(1,726	)		(1,187	)		(1,166	)		(5,375	)		-			(22,626	)
Unallocated expenses
Administrative expenses		-			-			-			-			-			-			-			(661	)		(661	)
Corporate expenses		-			-			-			-			-			-			-			(10,672	)		(10,672	)
Other foreign exchange gain/loss		-			-			-			-			-			-			-			845			845
EBITDA		1,103			(1,132	)		189			(215	)		(1,063	)		(360	)		(1,361	)		(12,597	)		(15,436	)
Brand transition, restructure and transaction expenses		-			-			-			-			-			-			-			(5,157	)		(5,157	)
Finance expense		-			-			-			-			-			-			-			(2,454	)		(2,454	)
Impairment expense		-			-			-			-			-			-			-			(4,182	)		(4,182	)
Depreciation and amortisation		-			-			-			-			-			-			-			(1,190	)		(1,190	)
Fair value (gain)/loss on foreign exchange contracts		-			-			-			-			-			-			-			2,306			2,306
Unrealised foreign exchange gain/(loss)		-			-			-			-			-			-			-			383			383
Fair value gain/(loss) on Convertible Note derivative		-			-			-			-			-			-			-			(775	)		(775	)
Loss before income tax expense		1,103			(1,132	)		189			(215	)		(1,063	)		(360	)		(1,361	)		(23,666	)		(26,505	)
Income tax expense		-			-			-			-			-			-			-			411			411
Loss after income tax expense		1,103			(1,132	)		189			(215	)		(1,063	)		(360	)		(1,361	)		(23,255	)		(26,094	)

	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
For the 6 months ended 31 July 2017
Revenue from external customers		15,072			8,030			4,092			6,497			4,803			8,154			13,139			-			59,787
		15,072			8,030			4,092			6,497			4,803			8,154			13,139			-			59,787
Cost of sales		(7,027	)		(4,085	)		(3,250	)		(6,294	)		(4,092	)		(6,308	)		(9,152	)		-			(40,207	)
Gross margin		8,045			3,946			842			203			711			1,846			3,987			-			19,580
Other segment expenses*		(6,462	)		(5,335	)		(449	)		(1,997	)		(1,507	)		(1,504	)		(5,407	)		-			(22,661	)
Unallocated expenses
Administrative expenses		-			-			-			-			-			-			-			(320	)		(320	)
Corporate expenses		-			-			-			-			-			-			-			(10,241	)		(10,241	)
Other foreign exchange gain/loss		-			-			-			-			-			-			-			(2,643	)		(2,643	)
EBITDA		1,583			(1,389	)		393			(1,794	)		(796	)		342			(1,420	)		(13,204	)		(16,285	)
Brand transition, restructure and transaction expenses		-			-			-			-			-			-			-			(1,112	)		(1,112	)
Finance expense		-			-			-			-			-			-			-			(4,776	)		(4,776	)
Depreciation and amortisation expense		-			-			-			-			-			-			-			(1,821	)		(1,821	)
Fair value (gain)/loss on foreign exchange contracts		-			-			-			-			-			-			-			(1,600	)		(1,600	)
Unrealised foreign exchange (gain)/loss		-			-			-			-			-			-			-			3,309			3,309
Fair value (gain)/loss on Convertible Note derivative		-			-			-			-			-			-			-			3,246			3,246
Loss before income tax expense		1,583			(1,389	)		393			(1,794	)		(796	)		342			(1,420	)		(15,958	)		(19,039	)
Income tax expense		-			-			-			-			-			-			-			(174	)		(174	)
Loss after income tax expense		1,583			(1,389	)		393			(1,794	)		(796	)		342			(1,420	)		(16,132	)		(19,213	)

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

Bendon Limited [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

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			For the 7 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
Total segment revenue		156,311			113,031			176,145			166,553
Intersegment eliminations		(24,923	)		(16,747	)		(32,855	)		(27,739	)
Other revenue		-			-			7,710			24
Total revenue		131,388			96,284			151,000			138,838

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			For the 7 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
Segment EBITDA		(24,053	)		(2,126	)		10,470			3,420
Income tax (expense)/benefit		(60	)		(865	)		(5,546	)		1,274
Other revenue		-			-			7,710			24
Any other reconciling items		(13,480	)		(12,988	)		(33,380	)		(17,823	)
Total net loss after tax		(37,593	)		(15,979	)		(20,746	)		(13,105	)

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		For the 7 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
New Zealand		46,665		30,676		62,109		54,834
Australia		38,208		32,913		53,193		51,997
United States		32,323		23,146		19,167		14,435
Europe		14,192		9,549		16,531		17,572
		131,388		96,284		151,000		138,838

Disclosure of Detailed Information About Segment Performance

	NZ Retail			AU Retail			NZ Wholesale			AU Wholesale			US Wholesale			EU Wholesale			e-commerce			Unallocated			Total
For the year ended 31 January 2018	NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			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 gain/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		-			-			-			-			-			-			-			(3,030	)		(3,030	)
Fair value gain/(loss) on foreign exchange contracts		-			-			-			-			-			-			-			(502	)		(502	)
Unrealised foreign exchange gain/(loss)		-			-			-			-			-			-			-			1,636			1,636
Fair value gain/(loss) on Convertible Notes derivative		-			-			-			-			-			-			-			2,393			2,393
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	)
Loss after income tax expense		4,330			(2,550	)		1,172			(814	)		(3,349	)		1,067			(260	)		(37,189	)		(37,593	)

	NZ Retail			AU Retail			NZ Wholesale			AU Wholesale			US Wholesale			EU Wholesale			e-commerce			Unallocated			Total
For the 7 months ended 31 January 2017	NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s
Revenue from external customers		21,953			12,053			7,484			18,091			9,015			9,548			18,140			-			96,284
		21,953			12,053			7,484			18,091			9,015			9,548			18,140			-			96,284
Cost of sales		(9,707	)		(5,592	)		(4,961	)		(11,431	)		(6,934	)		(6,277	)		(11,902	)		(340	)		(57,144	)
Gross margin		12,246			6,461			2,523			6,660			2,081			3,271			6,238			(340	)		39,140
Other segment expenses*		(7,480	)		(6,196	)		(475	)		(2,089	)		(2,065	)		(2,013	)		(3,654	)		(8,068	)		(32,040	)
Unallocated expenses
Administrative expenses		-			-			-			-			-			-			-			(541	)		(541	)
Corporate expenses		-			-			-			-			-			-			-			(8,082	)		(8,082	)
Other foreign exchange gain/loss		-			-			-			-			-			-			-			(603	)		(603	)
EBITDA		4,766			265			2,048			4,571			16			1,258			2,584			(17,634	)		(2,126	)
Brand transition, restructure and transaction expenses		-			-			-			-			-			-			-			(1,321	)		(1,321	)
Finance expense		-			-			-			-			-			-			-			(6,238	)		(6,238	)
Impairment expense		-			(281	)		-			-			-			-			-			(11	)		(292	)
Depreciation and amortisation expense		-			-			-			-			-			-			-			(1,842	)		(1,842	)
Fair value gain/(loss) on foreign exchange contracts		-			-			-			-			-			-			-			(2,135	)		(2,135	)
Unrealised foreign exchange (gain)/loss		-			-			-			-			-			-			-			(568	)		(568	)
Fair value (gain)/loss on Convertible Note derivative		-			-			-			-			-			-			-			(592	)		(592	)
Loss before income tax expense		4,766			(16	)		2,048			4,571			16			1,258			2,584			(30,341	)		(15,114	)
Income tax expense		-			-			-			-			-			-			-			(865	)		(865	)
Loss after income tax expense		4,766			(16	)		2,048			4,571			16			1,258			2,584			(31,206	)		(15,979	)

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

	NZ			AU			NZ			AU			US			EU
For the year ended 30	Retail			Retail			Wholesale			Wholesale			Wholesale			Wholesale			e-commerce			Unallocated			Total
June 2016	NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s
Revenue from external customers		37,389			20,680			15,071			28,021			18,876			16,531			6,722			-			143,290
Service income		-			-			-			-			-			-			-			7,702			7,702
Other income		-			-			-			-			-			-			-			8			8
		37,389			20,680			15,071			28,021			18,876			16,531			6,722			7,710			151,000
Cost of sales		(16,053	)		(8,930	)		(10,721	)		(18,056	)		(14,540	)		(11,658	)		(3,582	)		15			(83,525	)
Gross margin		21,336			11,750			4,350			9,965			4,336			4,873			3,140			7,725			67,475
Other segment expenses*		(12,263	)		(9,835	)		(709	)		(3,520	)		(2,817	)		(3,204	)		(2,039	)		(13,975	)		(48,362	)
Unallocated expenses
Administrative expenses		-			-			-			-			-			-			-			(801	)		(801	)
Corporate expenses		-			-			-			-			-			-			-			(13,002	)		(13,002	)
Other foreign exchange gain/loss		-			-			-			-			-			-			-			5,160			5,160
EBITDA		9,073			1,915			3,641			6,445			1,519			1,669			1,101			(14,893	)		10,470
Brand transition, restructure and transaction expenses		-			-			-			-			-			-			-			(2,232	)		(2,232	)
Finance expense		-			-			-			-			-			-			-			(10,409	)		(10,409	)
Impairment expense		-			-			-			-			-			-			-			-			-
Depreciation and amortisation expense		-			-			-			(2,157	)		-			-			-			(3,289	)		(5,446	)
Fair value gain/(loss) on foreign exchange contracts		-			-			-			-			-			-			-			(7,660	)		(7,660	)
Unrealised foreign exchange (gain)/loss		-			-			-			-			-			-			-			77			77
Loss before income tax expense		9,073			1,915			3,641			4,288			1,519			1,669			1,101			(38,406	)		(15,200	)
Income tax expense		-			-			-			-			-			-			-			(5,546	)		(5,546	)
Loss after income tax expense		9,073			1,915			3,641			4,288			1,519			1,669			1,101			(43,952	)		(20,746	)

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

	NZ			AU			NZ			AU			US			EU
For the year ended 30	Retail			Retail			Wholesale			Wholesale			Wholesale			Wholesale			e-commerce			Unallocated			Total
June 2015	NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s			NZ$000’s
Revenue from external customers		37,089			18,491			16,333			29,817			13,853			17,548			5,683			-			138,814
		-			-			-			-			-			-			-			24			24
		37,089			18,491			16,333			29,817			13,853			17,548			5,683			24			138,838
Cost of sales		(16,270	)		(8,066	)		(10,978	)		(18,461	)		(10,929	)		(11,258	)		(3,072	)		3			(79,031	)
Gross margin		20,819			10,425			5,355			11,356			2,924			6,290			2,611			27			59,807
Other segment expenses*		(11,885	)		(7,624	)		(1,787	)		(2,449	)		(2,536	)		(3,266	)		(1,991	)		(10,665	)		(42,203	)
Unallocated expenses
Administrative expenses		-			-			-			-			-			-			-			(441	)		(441	)
Corporate expenses		-			-			-			-			-			-			-			(13,940	)		(13,940	)
Other foreign exchange gain/loss		-			-			-			-			-			-			-			197			197
EBITDA		8,934			2,801			3,568			8,907			388			3,024			620			(24,822	)		3,420
Brand transition, restructure and transaction expenses		-			-			-			-			-			-			-			(12,182	)		(12,182	)
Finance expense		-			-			-			-			-			-			-			(5,870	)		(5,870	)
Depreciation and amortisation expense		-			-			-			-			-			-			-			(4,250	)		(4,250	)
Fair value gain/(loss) on foreign exchange contracts		-			-			-			-			-			-			-			6,330			6,330
Unrealised foreign exchange (gain)/loss		-			-			-			-			-			-			-			(1,827	)		(1,827	)
Loss before income tax expense		8,934			2,801			3,568			8,907			388			3,024			620			(42,621	)		(14,379	)
Income tax expense		-			-			-			-			-			-			-			1,274			1,274
Loss after income tax expense		8,934			2,801			3,568			8,907			388			3,024			620			(41,347	)		(13,105	)

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