Business Combination (Tables)

6 Months Ended

Jul. 31, 2018

Business Combination

Disclosure of Detailed Information About Purchase Consideration

Details of the purchase consideration, the net assets acquired and goodwill are as follows:

	$’000
Purchase consideration:
Shares issued (2,068,438 shares at $6.86 per share fair value)		14,196
Total purchase consideration		14,196

Disclosure of Detailed Information About Assets and Liabilities Recognised

The assets and liabilities recognised as a result of the acquisition are as follows:

	Fair value $’000
Cash		592
Trade and other receivables		4,186
Inventories		1,810
Intangible assets
- Brand		2,200
- Customer relationships		526
Trade and other payables		(916	)
Net identifiable assets acquired		8,398
Add: goodwill		5,798
Net assets acquired		14,196