Financial Risk Management (Tables) (Bendon Limited) - Bendon Limited [Member]

12 Months Ended

Jan. 31, 2018

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 Finance lease obligations NZ$000’s		Non-derivatives Trade payables NZ$000’s		Non-derivatives Bank guarantees 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 2018		26,482		-		21,143		-		47,625		13,577		(13,950	)		(373	)
31 January 2017		56,333		-		19,221		-		75,554		2,078		(2,250	)		(172	)
30 June 2016		63,054		-		18,357		-		81,411		6,636		(7,097	)		(461	)
30 June 2015		22,322		66		25,302		-		47,690		-		-			-
1 to 3 months
31 January 2018		148		-		-		-		148		13,837		(14,453	)		(616	)
31 January 2017		129		-		-		-		129		9,900		(11,326	)		(1,426	)
30 June 2016		127		-		-		-		127		18,755		(20,454	)		(1,699	)
30 June 2015		996		40		-		-		1,036		1,841		(2,029	)		(188	)
3 months to 1 year
31 January 2018		27,247		-		-		-		27,247		20,895		(21,993	)		(1,098	)
31 January 2017		18,631		-		-		-		18,631		37,855		(40,445	)		(2,590	)
30 June 2016		572		-		-		-		572		36,397		(39,766	)		(3,369	)
30 June 2015		17,496		-		-		-		17,496		15,715		(17,133	)		(1,418	)
1 to 5 years
31 January 2018		-		-		-		-		-		-		-			-
31 January 2017		323		-		-		-		323		-		-			-
30 June 2016		16,763		-		-		582		17,345		-		-			-
30 June 2015		16,981		-		-		372		17,353		8,940		(9,623	)		(683	)

	Non-derivatives Borrowings NZ$000’s		Non-derivatives Finance lease obligations NZ$000’s		Non-derivatives Trade payables NZ$000’s		Non-derivatives Bank guarantees 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
Total
31 January 2018		53,877		-		21,143		-		75,020		48,309		(50,396	)		(2,087	)
31 January 2017		75,416		-		19,221		-		94,637		49,833		(54,021	)		(4,188	)
30 June 2016		80,516		-		18,357		582		99,455		61,788		(67,317	)		(5,529	)
30 June 2015		57,795		106		25,302		372		83,575		26,496		(28,785	)		(2,289	)

Disclosure of Credit Risk Exposure

	31 January		31 January		30 June		30 June
	2018		2017		2016		2015
	NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s
Trade receivables
Counterparty without external credit ratings
New customer less than 6 months		12		187		1,046		1,046
Existing customers (more than 6 months with default in past)		9,970		26,312		19,557		19,557
Total trade receivables		9,982		26,499		20,603		20,603

	31 January		31 January			30 June		30 June
	2018		2017			2016		2015
	NZ$000’s		NZ$000’s			NZ$000’s		NZ$000’s
Credit ratings
AA-		10,591		2,655			4,122		1,194
A+		94		(11	)		24		-
		10,685		2,644			4,146		1,194

Disclosure of Market Risk

Foreign currency denominated financial assets and liabilities, translated into New Zealand Dollars at the closing rate, are as follows:

	AUD		USD		GBP		EUR		HKD		Total
	NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s
31 January 2018
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
31 January 2017
Trade receivables		424		211		-		1,509		-		2,144
Trade payables		315		8,557		131		32		16		9,051
Cash and cash equivalents		926		401		131		388		28		1,874
30 June 2016
Trade receivables		531		30		-		1,828		-		2,389
Trade payables		203		12,438		117		8		35		12,801
Cash and cash equivalents		965		163		110		149		9		1,396
30 June 2015
Trade receivables		5		167		-		1,405		-		1,577
Trade payables		334		14,942		50		6		351		15,683
Cash and cash equivalents		422		194		135		103		60		914

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 2018 NZ$000’s		31 January 2017 NZ$000’s		30 June 2016 NZ$000’s		30 June 2015 NZ$000’s		31 January 2018 $		31 January 2017 $		30 June 2016 $		30 June 2015 $
Buy USD / sell NZD
Settlement
Less than 6 months		48,149		47,292		38,697		24,932		0.7061		0.6687		0.6473		0.7320
6 months to 1 year		-		3,479		22,378		3,854		-		0.7186		0.6424		0.7136
Buy AUD / sell NZD
Settlement
		NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s		$		$		$		$
Less than 6 months		2,247		2,250		5,242		-		0.8900		0.8890		0.9066
Buy GBP / sell NZD
Settlement
		NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s		$		$		$		$
Less than 6 months		-		1,000		1,000		-		-		0.5784		0.4181

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		31 January		30 June		30 June
	2018		2017		2016		2015
	NZ$000’s		NZ$000’s		NZ$000’s		NZ$000’s
Floating rate instruments
Bank overdraft		-		-		-		14,481
Working capital financing bank facility		22,489		31,710		32,877		3,387
Convertible notes		1,740		16,474		-		-
Borrowings		16,000		16,000		16,000		17,841
		40,229		64,184		48,877		35,709

Currency risk [member]

DisclosureOfFinancialRiskManagementLineItems [Line Items]

Sensitivity Analysis for Types of Market Risk

	NZ$000’s
	+10%			-10%
USD
Net results/Equity (31 January 2018)		(1,509	)		1,509
Net results/Equity (31 January 2017)		(1,196	)		1,196
Net results/Equity (30 June 2016)		(1,267	)		1,267
Net results/Equity (30 June 2015)		(797	)		797
AUD
Net results/Equity (31 January 2018)		(805	)		805
Net results/Equity (31 January 2017)		86			(86	)
Net results/Equity (30 June 2016)		75			(75	)
Net results/Equity (30 June 2015)		7			(7	)
GBP
Net results/Equity (31 January 2018)		(175	)		175
Net results/Equity (31 January 2017)		34			(34	)
Net results/Equity (30 June 2016)		(16	)		16
Net results/Equity (30 June 2015)		(3	)		3
EUR
Net results/Equity (31 January 2018)		(136	)		136
Net results/Equity (31 January 2017)		186			(186	)
Net results/Equity (30 June 2016)		142			(142	)
Net results/Equity (30 June 2015)		108			(108	)
HKD
Net results/Equity (31 January 2018)		(14	)		14
Net results/Equity (31 January 2017)		1			(1	)
Net results/Equity (30 June 2016)		(2	)		2
Net results/Equity (30 June 2015)		(21	)		21

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 2018)		420		(420	)
Net results/Equity (31 January 2017)		642		(642	)
Net results/Equity (30 June 2016)		352		(352	)
Net results/Equity (30 June 2015)		283		(283	)