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Dividends

12 Months Ended

Jan. 31, 2019

29	Dividends

No final dividend will be paid in respect of the period ended 31 January 2019 (31 January 2018: Nil, 31 January 2017).

Franking account

31 January 2019
NZ $000’s

31 January 2018
NZ $000’s

31 January 2017
NZ $000’s

Australian franking credits available for subsequent financial years at a tax rate of 30%

3,995

3,995

3,757

New Zealand imputation credits available for subsequent financial years at a tax rate of 28%

236

236

235

The above amounts are based on the dividend franking account at period-end adjusted for:

	(a)	Franking credits that will arise from the payment of the current tax liabilities;
	(b)	Franking debits that will arise from the payment of dividends recognised as a liability at the period end;
	(c)	Franking credits that will arise from the receipt of dividends recognised as receivables at the end of the period.

Consolidated Statement of Profit or Loss and Other Comprehensive Income $ in Thousands	7 Months Ended		12 Months Ended
	Jan. 31, 2017 NZD ($)	Jan. 31, 2017 $ / shares	Jan. 31, 2019 NZD ($)	Jan. 31, 2019 $ / shares	Jan. 31, 2018 NZD ($)	Jan. 31, 2018 $ / shares	Jun. 30, 2016 NZD ($)	Jun. 30, 2016 $ / shares
Profit or loss [abstract]
Revenue	$ 96,284		$ 111,920		$ 131,388		$ 151,000
Cost of goods sold	(57,144)		(74,480)		(87,459)		(83,525)
Gross profit	39,140		37,440		43,929		67,475
Brand management	(32,040)		(49,256)		(53,653)		(48,362)
Administrative expenses	(2,383)		(3,432)		(4,131)		(4,090)
Corporate expenses	(8,082)		(14,145)		(12,851)		(13,002)
Finance expense	(6,238)		(4,041)		(8,791)		(10,409)
Brand transition, restructure and transaction expenses	(1,321)		(10,075)		(3,272)		(2,232)
Impairment expense	(292)		(8,173)		(1,914)		(2,157)
Other foreign currency gains/(losses)	(3,306)		1,963		757		(2,423)
Fair value gain/(loss) on Convertible Notes derivative	(592)		(775)		2,393
Loss before income tax	(15,114)		(50,494)		(37,533)		(15,200)
Income tax (expense)/benefit	(865)		1,274		(60)		(5,546)
Loss for the period	(15,979)		(49,220)		(37,593)		(20,746)
Items that may be reclassified to profit or loss
Exchange differences on translation of foreign operations	(29)		(7)		148		31
Other comprehensive income/(loss) for the period, net of tax	(29)		(7)		148		31
Total comprehensive income/(loss) for the period	(16,008)		(49,227)		(37,445)		(20,715)
Total comprehensive income/(loss) attributable to:
Owners of Naked Brand Group Limited	$ (16,008)		$ (49,227)		$ (37,445)		$ (20,715)
Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:
Basic loss per share (NZ$) \| $ / shares		$ (0.82)		$ (2.01)		$ (1.79)		$ (1.13)
Diluted loss per share (NZ$) \| $ / shares		$ (0.82)		$ (2.01)		$ (1.79)		$ (1.13)

Consolidated Statements of Cash Flows - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Receipts from customers	$ 92,066	$ 140,736	$ 159,042	$ 160,880
Payments to suppliers and employees	(105,389)	(149,750)	(163,304)	(165,708)
Income taxes paid	(195)	(420)	146	(530)
Net cash (outflow) from operating activities	(13,518)	(9,434)	(4,116)	(5,040)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payment for intangible asset	(351)	(151)	(118)	(475)
Payments for property, plant and equipment	(723)	(2,585)	(2,194)	(2,703)
Proceeds from business combination, net of cash acquired		870
Net cash (outflow) from investing activities	(1,074)	(1,867)	(2,312)	(3,178)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issue of shares		23,248	22,721
Proceeds from borrowings - Bank	1,940		463	62,127
Proceeds from borrowings - Convertible notes issue	16,474		4,521
Repayment of borrowings - Bank	(2,832)	(18,489)	(9,684)	(46,986)
Debt issuance costs	(367)	(322)	(107)	(750)
Interest paid	(2,133)	(2,269)	(3,418)	(3,140)
Net cash inflow from financing activities	13,082	2,168	14,496	11,251
Net increase/(decrease) in cash and cash equivalents held	(1,510)	(9,134)	8,068	3,033
Cash and cash equivalents at beginning of year	4,193	10,739	2,644	1,246
Effects of exchange rate changes on cash and cash equivalents	(39)	355	27	(86)
Cash and cash equivalents at end of the half year	$ 2,644	$ 1,962	$ 10,739	$ 4,193

Cash and Cash Equivalents (Tables)

12 Months Ended

Jan. 31, 2019

Cash and cash equivalents [abstract]

Schedule of Cash and Cash Equivalents

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Cash on hand		47		54		48
Cash at bank		1,915		10,685		2,596
		1,962		10,739		2,644

Fair Value Measurement (Tables)

12 Months Ended

Jan. 31, 2019

Fair Value Measurement

Schedule of Fair Value Measurement of Assets and Liabilities

The table below shows the assigned level for each asset and liability held at fair value by the Group:

Level 1
NZ$000’s

Level 2
NZ$000’s

Level 3
NZ$000’s

Total

31 January 2019

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

1,484

Derivative on Convertible Notes

31 January 2018

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

2,087

Derivative on Convertible Notes

1,110

31 January 2017
Recurring fair value measurements

Financial assets
Foreign exchange contracts	-	-	-	-

Financial liabilities
Foreign exchange contracts	-	4,188	-	4,188
Derivative on Convertible Notes	-	-	4,112	4,112

Schedule of Valuation Techniques for Fair Value Measurements Categorized Within Level 3

The following table presents the changes in level 3 instruments for the year ended 31 January 2019.

	Convertible note liability NZ$000’s
Balance at 31 January 2018		1,110
Changes in fair value
Conversion		(1,110	)
Balance at 31 January 2019		-

Summary of Significant Accounting Policies

12 Months Ended

Jan. 31, 2019

Summary Of Significant Accounting Policies

Summary of Significant Accounting Policies

2	Summary of Significant Accounting Policies

	(a)	Going concern

		The financial statements have been prepared on the basis of going concern which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business.

		For the financial year ended 31 January 2019 the Group experienced a loss after income tax from continuing operations of NZ$49.227million (2018: NZ$37.445million) and operating cash outflows of NZ$9.434 million (2018: NZ$4.116million). It also is in a net current liability position of $NZ29.426 million (2018: NZ$20.752million) and a positive net asset position of NZ$10.519 million (2018: net liability position of NZ$5.710million).

		The losses in the year ended 31 January 2019 were a result of reduced revenue from wholesale customers, increased rebates and discounts, and the plateauing of sales in retail outlets believed to be due to the stores and stockists not having new high margin inventory. The business is experiencing challenging trading conditions which have been impacted by the cancellation of the Stella McCartney licence held by the Group which expired on 30 June 2018, the lack of working capital to purchase sufficient levels of inventory required for trading, reduced customer foot traffic in retail stores and outlets, and a reduction of revenue from wholesale customers. The business also incurred NZ$10.075 million of non-trading costs in relation to brand transition, restructure, and transaction costs associated with listing the Group on the Nasdaq stock exchange. The Group also has trade creditors that are trading beyond their original credit terms.

		The Group has also breached its Bank debt loan covenants during financial year, and is the process of extending their facilities which are currently due on 31 January 2020 to provide the Group and the Bank time to consider a refinance of the facility to a longer term to assist the group continue as a going concern.

		In consequent to the challenging trading conditions and the negative working capital the business raised NZ$24 million of funds in the form of issued capital and convertible notes over the course of the financial year and generated further working capital by reducing inventory by NZ$9.993million. The Group used the funds to reduce the bank debt from NZ$38.489 million to NZ$20 million, reduce long overdue trade creditors, fund operating losses, reduce costs, rebuild higher margin inventory, recruit new staff, and pay the costs of listing on the Nasdaq stock exchange.

		It is expected the group will need to continue to fund losses through to the start of the year ending 31 January 2022. This capital raising/recapitalisation is continuing, and management had raised US$32.4 million between March 2019 and the date of this report. At the date of this report management is intending on raising up to a further US$15 million. The Group must complete the fundraising to finalise the recapitalization plan and continue as a going concern.

		As part of the discussions to renegotiate the Bank facilities the Bank appointed Korda Mentha to review the cash flow and working capital history and forecasts. Korda Mentha produced a report which is consistent with the information in this note and the Bank has advised they will continue to monitor the Group’s performance during the Bank debt renegotiation process. The Directors expect the Bank to offer a new two year facility. The offer of a new Bank facility is dependent on the Group achieving inventory covenants set by the Bank, and the Bank being satisfied with the raising of the remaining capital planned of US$15 million.

		Despite the ongoing losses, reduced cash flow and cash facilities, and the other negative financial conditions, the Directors are confident that the Group will continue as a going concern. However, while the Directors are confident of continuing as a going concern and meeting its debt obligation to its Bank and creditor commitments as they fall due, the going concern is dependent upon the Directors and Group being successful in:

	●	Raising further funding before 28 February 2020 in order to meet all debts due in the 12 months after signing of these financial statements;
	●	Generating sufficient sales and increasing gross margins and reducing overheads in line with forecasts;
	●	Having sufficient funds to maintain a positive cashflow position, and to reduce bank debt in line with agreed bank amortisation;
	●	Continuing to receive support from creditors to delay payment of overdue amounts until the Group has adequate cash flow to commence a repayment arrangement or repay the debts in full; and
	●	Renegotiating the current bank facilities of NZ$20 million to a facility that is at least a 12 month facility.

As a result, the viability of the Group is dependent on the above matters. The dependence on these matters raise substantial doubt about its ability to continue as a going concern and therefore whether they will realise their assets and extinguish their liabilities in the normal course of business and at the amounts stated in the financial report.


		However, the Directors’ believe that the Group will be successful in the above matters and, accordingly, have prepared the report on a going concern basis.

	(b)	Basis for consolidation

		Subsidiaries

		Subsidiaries are all entities (including structured entities) over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases.

		Intercompany transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group.

		Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit or loss, statement of comprehensive income, statement of changes in equity and balance sheet respectively.

		When the group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value with the change in carrying amount recognised in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognised in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognised in other comprehensive income are reclassified to profit or loss.

		If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate.

	(c)	Business combinations

		Business combinations are accounted for by applying the acquisition method which requires an acquiring entity to be identified in all cases. The acquisition date under this method is the date that the acquiring entity obtains control over the acquired entity.

		The fair value of identifiable assets and liabilities acquired are recognised in the consolidated financial statements at the acquisition date.

		Goodwill or a gain on bargain purchase may arise on the acquisition date, this is calculated by comparing the consideration transferred and the amount of non-controlling interest in the acquiree with the fair value of the net identifiable assets acquired. Where consideration is greater than the net assets acquired, the excess is recorded as goodwill. Where the net assets acquired are greater than the consideration, the measurement basis of the net assets are reassessed and then a gain from bargain purchase recognised in profit or loss.

		All acquisition-related costs are recognised as expenses in the periods in which the costs are incurred except for costs to issue debt or equity securities.

		Any contingent consideration which forms part of the combination is recognised at fair value at the acquisition date. If the contingent consideration is classified as equity then it is not remeasured and the settlement is accounted for within equity. Otherwise subsequent changes in the value of the contingent consideration liability are measured through profit or loss.

	(d)	Income Tax

		The tax expense/(benefit) recognised in the consolidated statements of profit or loss and other comprehensive income comprises of current income tax expense plus deferred tax expense/(benefit).

		Current tax is the amount of income taxes payable/(recoverable) in respect of the taxable profit/(loss) for the period and is measured at the amount expected to be paid to/(recovered from) the taxation authorities, using the tax rates and laws that have been enacted or substantively enacted by each jurisdiction by the end of the reporting period. Current tax liabilities/(assets) are measured at the amounts expected to be paid to/(recovered from) the relevant taxation authority.

		Deferred tax is provided on temporary differences which are determined by comparing the carrying amounts of tax bases of assets and liabilities to the carrying amounts in the consolidated financial statements.

		Deferred tax is not provided for the following:

●		The initial recognition of an asset or liability in a transaction that is not a business combination and at the time of the transaction, affects neither accounting profit nor taxable profit/(tax loss).
●		Taxable temporary differences arising on the initial recognition of goodwill.
●		Temporary differences related to investment in subsidiaries, associates and jointly controlled entities to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future.

	Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by each jurisdiction by the end of the reporting period.

	Deferred tax assets are recognised for all deductible temporary differences and unused tax losses to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and losses can be utilised.

	Current and deferred tax is recognised as income or an expense and included in profit or loss for the period except where the tax arises from a transaction which is recognised in other comprehensive income or equity, in which case the tax is recognised in other comprehensive income or equity respectively.

	In determining the amount of current and deferred income tax, the Group takes into account the impact of uncertain income tax positions and whether additional taxes and interest may be due. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact the income tax expense in the period that such a determination is made.

(e)	Leases

	Leases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership that are transferred to entities in the Group, are classified as finance leases.

	Finance leases are capitalised by recording an asset and a liability at the lower of the amounts equal to the fair value of the leased property or the present value of the minimum lease payments, including any guaranteed residual values. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period.

	Lease payments for operating leases, where substantially all of the risks and benefits remain with the lessor, are charged as expenses on a straight-line basis over the life of the lease term.

	Lease incentives under operating leases are recognised as a liability and amortised on a straight-line basis over the life of the lease term.

	(f)	Revenue and other income

		Sale of goods

		Sales of goods through retail stores, e-commerce and wholesale channels are recognised when control of the products have been transferred to the customer which is a point in time. For wholesale and e-commerce sales, risks and rewards are transferred when goods are delivered to customers, and therefore reflects an estimate of shipments that have not been received at year end based on shipping terms and historical delivery times. The Group also provides a reserve for projected merchandise returns based on prior experience.

		The Group sells gift cards to customers. The Group recognises revenue from gift cards when they are redeemed by the customers. In addition, the Group recognises revenue on all of it’s unredeemed gift cards when the gift cards have expired.

		(i) Sale of goods - wholesale

		The Group sells a range of lingerie products in the wholesale market. Sales are recognised when control of the products has transferred, being when the products are delivered to the wholesaler, the wholesaler has full discretion over the channel and price to sell the products, and there is no unfulfilled obligation that could affect the wholesaler’s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the wholesaler, and either the wholesaler has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the group has objective evidence that all criteria for acceptance have been satisfied.

		Revenue from these sales is recognised based on the price specified in the contract, net of the estimated volume discounts. The estimates of discount is based on the trading terms in the contracts, and revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. A refund liability (included in trade and other payables) is recognised for expected volume payable to customers in relation to sales made until the end of the reporting period. The Group’s obligation to provide a refund for faulty products under the standard trading terms is recognised as a provision.

		(ii) Sale of goods - retail/e-commerce

		The group operates a chain of retail stores and e-commerce websites selling lingerie products. Revenue from the sale of goods is recognised when a group entity sells a product to the customer.

		Payment of the transaction price is due immediately when the customer purchases the product. It is the group’s policy to sell its products to the end customer with a right of return within 30 days.

		Therefore, a refund liability (included in trade and other payables) and a right to the returned goods (included in inventory if deemed saleable) are recognised for the products expected to be returned. Accumulated experience is used to estimate such returns at the time of sale at a portfolio level (expected value method). Because the number of products returned has been steady for years, it is highly probable that a significant reversal in the cumulative revenue recognised will not occur. The validity of this assumption and the estimated amount of returns are reassessed at each reporting date.

		Interest revenue

		Interest is recognised using the effective interest method.

		Other income

		Other income is recognised on an accruals basis when the Group is entitled to it.

	(g)	Brand management, administrative and corporate expenses

		Corporate expenses includes head office costs such as human resources, finance team and rental costs. Administrative expenses includes depreciation and amortisation, as well as professional accounting fees. Brand management expenses includes other costs incurred in selling products, including advertising, design and retail store occupancy and payroll.

	(h)	Borrowing costs

		Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowing pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.

		All other borrowing costs are recognised as an expense in the period in which they are incurred.

	(i)	Inventories

		Inventories are measured at the lower of cost and net realisable value. Cost of inventory is determined using the weighted average costs basis and is net of any rebates and discounts received. Net realisable value represents the estimated selling price for inventories less costs necessary to make the sale. Net realisable value is estimated using the most reliable evidence available at the reporting date and inventory is written down through an obsolescence provision if necessary.

	(j)	Property, plant and equipment

		Plant and equipment

		Plant and equipment are measured using the cost model.

		Under the cost model the asset is carried at its cost less any accumulated depreciation and any impairment losses. Costs include purchase price and other directly attributable costs associated with locating the asset to the installation site, where applicable.

		Depreciation

		Property, plant and equipment, is depreciated on a straight-line basis over the assets useful life to the Group, commencing when the asset is ready for use.

		The estimated useful lives used for each class of depreciable asset are shown below:

Fixed asset class		Useful life

Leasehold improvements		1 - 10 years
Plant, furniture, fittings and motor vehicles		3 - 7 years

At the end of each annual reporting period, the depreciation method, useful life and residual value of each asset is reviewed. Any revisions are accounted for prospectively as a change in accounting estimate.

	(k)	Financial instruments

		Financial instruments are recognised initially using trade date accounting, i.e. on the date that the Group becomes party to the contractual provisions of the instrument.

		On initial recognition, all financial instruments are measured at fair value plus transaction costs (except for instruments measured at fair value through profit or loss where transaction costs are expensed as incurred).

		Financial Assets

		(i) Classification

		From 1 February 2018, the group classifies its financial assets in the following measurement categories:

	●	those to be measured subsequently at fair value (either through OCI or through profit or loss), and
	●	those to be measured at amortised cost.

		The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows.

		For assets measured at fair value, gains and losses will either be recorded in profit or loss or OCI. For investments in equity instruments that are not held for trading, this will depend on whether the group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income (FVOCI).

		The group reclassifies debt investments when and only when its business model for managing those assets changes.

		(ii) Recognition and derecognition

		Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the group commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.

		(iii) Measurement

		At initial recognition, the group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss.

		Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.

		Debt instruments

		Subsequent measurement of debt instruments depends on the group’s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the group classifies its debt instruments:

	●	Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the statement of profit or loss.

	●	FVOCI: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses which are recognised in profit or loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gains/(losses). Interest income from these financial assets is included in finance income using the effective interest rate method. Foreign exchange gains and losses are presented in other gains/(losses) and impairment expenses are presented as separate line item in the statement of profit or loss.

	●	FVPL: Assets that do not meet the criteria for amortised cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognised in profit or loss and presented net within other gains/(losses) in the period in which it arises.

Equity instruments

The group subsequently measures all equity investments at fair value. Where the group’s management has elected to present fair value gains and losses on equity investments in OCI, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognised in profit or loss as other income when the group’s right to receive payments is established.


	Changes in the fair value of financial assets at FVPL are recognised in other gains/(losses) in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI are not reported separately from other changes in fair value.

	(iv) Impairment

	From 1 February 2018, the group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortised cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk.

	For trade receivables, the group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

	(v) Subsequent measurement

	If there is objective evidence that an impairment loss on financial assets carried at amortised cost has been incurred, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the financial assets original effective interest rate.

	Subsequent recoveries of amounts previously written off are credited against other expenses in profit or loss.

	Financial liabilities

	Financial liabilities are classified as either financial liabilities ‘at fair value through profit or loss’ or other financial liabilities depending on the purpose for which the liability was acquired. Although the Group uses derivative financial instruments in economic hedges of currency and interest rate risk, it does not hedge account for these transactions.

	The Group’s financial liabilities include borrowings, trade and other payables (including finance lease liabilities), which are measured at amortised cost using the effective interest rate method.

	All of the Group’s derivative financial instruments that are not designated as hedging instruments are accounted for at fair value through profit or loss.

(l)	Impairment of non-financial assets

	At the end of each reporting period the Group determines whether there is an evidence of an impairment indicator for non-financial assets.

		Where an indicator exists and regardless for goodwill, indefinite life intangible assets and intangible assets not yet available for use, the recoverable amount of the asset is estimated.

		Where assets do not operate independently of other assets, the recoverable amount of the relevant cash-generating unit (CGU) is estimated.

		The recoverable amount of an asset or CGU is the higher of the fair value less costs of disposal and the value in use. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit.

		Where the recoverable amount is less than the carrying amount, an impairment loss is recognised in profit or loss.

		Reversal indicators are considered in subsequent periods for all assets which have suffered an impairment loss, except for goodwill.

	(m)	Cash and cash equivalents

		For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.

	(n)	Trade receivables

		Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment.

	(o)	Trade and other payables

		These amounts represent liabilities for goods and services provided to the group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method.

	(p)	Intangibles

		Goodwill

		Goodwill is carried at cost less accumulated impairment losses. Goodwill is calculated as the excess of the sum of:

	i)	the consideration transferred;
	ii)	any non-controlling interest; and
	iii)	the acquisition date fair value of any previously held equity interest;

	over the acquisition date fair value of net identifiable assets acquired in a business combination.

	Patents and licences

	Separately acquired patents and licences are shown at historical cost. Licenses and customer contracts acquired in a business combination are recognised at fair value at the acquisition date. They have a finite useful life and are subsequently carried at cost less accumulated amortisation and impairment losses. Licence fees have an estimated useful life of 5 - 50 years.

	Software

	Software has a finite life and is carried at cost less any accumulated amortisation and impairment losses. It has an estimated useful life of between one and three years.

	Brands

	Brand assets relate to brands owned by the Group that have arisen on historical acquisitions. These assets were initially measured at fair value.

	Brands are considered to have an indefinite life and are therefore not amortised. They are considered to have indefinite lives because there is no foreseeable limit to the period over which the asset is expected to generate net cash flows for the entity. The brands have been in existence for many years, are well established and show no signs of deteriorating. They are assessed for impairment annually or more frequently if impairment indicators exist.

		Amortisation

		Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill and brands, from the date that they are available for use.

		Amortisation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.

		Goodwill and indefinite life brands are not amortised but are tested for impairment annually or more frequently if impairment indicators exist. Goodwill is allocated to the Group’s cash generating units or groups of cash generating units, which represent the lowest level at which goodwill is monitored but where such level is not larger than an operating segment. Gains and losses on the disposal of an entity include the carrying amount of goodwill related to the entity sold.

	(q)	Employee benefits

	(i)	Short-term obligations

		Liabilities for wages and salaries, including non-monetary benefits and accumulating sick leave that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

	(ii)	Other long-term employee benefit obligations

		The liabilities for long service leave and annual leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. They are therefore measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the end of the reporting period of high-quality corporate bonds with terms and currencies that match, as closely as possible, the estimated future cash outflows. Remeasurements as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.

		The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.

	(r)	Provisions

		Provisions are recognised when the Group has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured.

		Provisions are measured at the present value of management’s best estimate of the outflow required to settle the obligation at the end of the reporting period. The discount rate used is a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the unwinding of the discount is taken to finance costs in the consolidated statements of profit or loss and other comprehensive income.

		Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period.

	(i)	Lease incentive provision

		Lease contributions include payment for improvements initially funded by the landlord. The improvement asset is capitalised and a provision for the amount of landlord contribution is recognised. The provision is released on a monthly basis over the term of the lease of the property.

	(ii)	Onerous contract provision

		The Group provides for future losses on long-term contracts where it is considered probable that the contract costs are likely to exceed revenues in future years. A provision is required for the present value of future losses. Estimating these future losses involves a number of assumptions about the achievement of contract performance targets and the likely levels of future cost escalation over time.

	(iii)	Make good provision

		The Group is required to restore the lease premises of various retail stores to their original condition at the end of the respective lease terms. Provisions for make good obligations are recognised when the group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. A provision is recognised for the present value of the estimated expenditure required to remove any leasehold improvements. These costs have been capitalised as part of the cost of leasehold improvements and are amortised over the lease term.

	(s)	Earnings/(loss) per share

		(i) Basic earnings/(loss) per share

		Basic earnings/(loss) per share is calculated by dividing:

	●	the profit/(loss) attributable to owners of the Group, excluding any costs of servicing equity other than ordinary shares
	●	by the weighted average number of ordinary shares outstanding during the financial year.

	(ii) Diluted earnings/(loss) per share

	Diluted earnings/(loss) per share adjusts the figures used in the determination of basic earnings per share to take into account:

	●	the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares, and
	●	the weighted average number of additional ordinary shares that would have been outstanding assuming the conversion of all dilutive potential ordinary shares.

		For periods in which the Group has reported net losses, diluted net loss per share attributable to common shareholders is the same as basic net loss per share attributable to common stockholders, since their impact would be anti-dilutive to the calculation of net loss per share.

	(t)	Borrowings

		Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in profit or loss over the period of the borrowings using the effective interest method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a prepayment for liquidity services and amortised over the period of the facility to which it relates.

		Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to another party and the consideration paid, including any non cash assets transferred or liabilities assumed, is recognised in profit or loss as other income or finance costs.

		Where the terms of a financial liability are renegotiated and the entity issues equity instruments to a creditor to extinguish all or part of the liability (debt for equity swap), a gain or loss is recognised in profit or loss, which is measured as the difference between the carrying amount of the financial liability and the fair value of the equity instruments issued.

		Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the reporting period.

	(u)	Convertible Notes

		On issuance of the convertible notes, an assessment is made to determine whether the convertible notes contain an equity instrument or whether the whole instrument should be classified as a financial liability.

		When it is determined that the whole instrument is a financial liability and no equity instrument is identified (for example for foreign-currency-denominated convertibles notes), the conversion option is separated from the host debt and classified as a derivative liability. The carrying value of the host contract (a contract denominated in a foreign currency) at initial recognition is determined as the difference between the consideration received and the fair value of the embedded derivative. The host contract is subsequently measured at amortised cost using the effective interest rate method. The embedded derivative is subsequently measured at fair value at the end of each reporting period through the profit and loss. The convertible note and the derivative are presented as a single number on the balance sheet within interest-bearing loans and borrowings.

		When it is determined that the instrument contains an equity component based on the terms of the contract, on issuance of the convertible notes, the fair value of the liability component is determined using a market rate for an equivalent non-convertible bond. This amount is classified as a financial liability measured at amortised cost (net of transaction costs) until it is extinguished on conversion or redemption. The remainder of the proceeds is allocated to the conversion option that is recognised and included in equity. Transaction costs are deducted from equity, net of associated income tax. The carrying amount of the conversion option is not re-measured in subsequent years.

	(v)	Share capital

		Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effects.

	(w)	Foreign currency transactions and balances

		Each of the entities within the Group prepare their financial statements based on the currency of the primary economic environment in which the entity operates (functional currency). The consolidated financial statements are presented in New Zealand dollars which is the parent entity’s functional and presentation currency.

		Transaction and balances

		Foreign currency transactions are recorded at the spot rate on the date of the transaction.

		At the end of the reporting period:

	●	Foreign currency monetary items are translated using the closing foreign currency rate;
	●	Non-monetary items that are measured at historical cost are translated using the exchange rate at the date of the transaction; and
	●	Non-monetary items that are measured at fair value are translated using the rate at the date when fair value was determined.

	Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition or in prior reporting periods are recognised through profit or loss, except where they relate to an item of other comprehensive income or whether they are deferred in equity as qualifying hedges.

	Group companies

	The financial results and position of foreign operations whose functional currency is different from the Group’s presentation currency are translated as follows:

	●	assets and liabilities are translated at period-end exchange rates prevailing at that reporting date;
	●	income and expenses are translated at average exchange rates for the period where the average rate approximates the rate at the date of the transaction; and
	●	retained earnings are translated at the exchange rates prevailing at the date of the transaction.

Exchange differences arising on translation of foreign operations are transferred directly to the Group’s foreign currency translation reserve in the consolidated balance sheets. These differences are recognised in the consolidated statements of profit or loss and other comprehensive income in the period in which the operation is disposed.

	(x)	New and amended accounting standards adopted by the Group

		A number of new or amended accounting standards become applicable for the current reporting period and the Group had to change it accounting policies as a result of adopting the following accounting standards.

		- IFRS 9 Financial Instruments
		- IFRS 15 Revenue from contract with customers

		There were no material impacts on adoption of IFRS 9 and IFRS 15. The other accounting standards did not have any impact on the Group’s accounting policies and did not require retrospective adjustments.

	(y)	New Accounting Standards and Interpretations

		Certain new accounting standards and interpretations have been published that are not mandatory for 31 January 2018 reporting periods and have not been early adopted by the Group. The Group’s assessment of the impact of these new standards and interpretations is set out below.

Title of Standard

Nature of change

Impact

Mandatory application date/Date of adoption by Group

IFRS 16

Leases

The IASB issued a new standard for leases. This will replace IAS 17

The main impact on lessees is that almost all leases go on balance sheet. This is because the balance sheet distinction between operating and finance leases is removed for lessees. Instead, under the new standard an asset (the right to use the leased item) and a financial liability to pay rentals are recognised. The only exemptions are short-term and low-value leases.

Management is currently assessing the impact of the new rules and believes the adoption of the provisions of this update will have a material impact on the Group’s consolidated financial statements.

The new standard will require that we record a liability and a related asset on the balance sheet for our leased facilities.

Mandatory for financial years commencing on or after 1 January 2019.

Expected date of adoption by the Group: 1 February 2019.

Title of Standard

Nature of change

Impact

Mandatory application date/Date of adoption by Group

IFRC 23

Uncertainty over Income Tax Treatments (IFRIC 23)

On June 7, 2017, the IASB issued IFRIC 23, Uncertainty over Income Tax Treatments (“IFRIC 23”). IFRIC 23 clarifies the application of recognition and measurement requirements in IAS 12, Income Taxes, when there is uncertainty over income tax treatments. The IFRIC 23 interpretation specifically addresses whether an entity considers uncertain tax treatments separately; the assumptions an entity makes about the examination of tax treatments by taxation authorities; how an entity determines taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates; and how an entity considers changes in facts and circumstances.

The Group is currently evaluating the impact of adopting this standard on the consolidated financial statements.

IFRIC 23 is effective for annual periods beginning on or after January 1, 2019, with earlier application permitted.

		There are no other standards that are not yet effective and that would be expected to have a material impact on the entity in the current or future reporting periods and on foreseeable future transactions.

	(z)	Operating segments

		Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The executive directors are the chief operating decision maker, responsible for allocating resources and assessing performance of the operating segments.

Lessor Commitments (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of finance lease and operating lease by lessor [abstract]

Disclosure of Finance Lease and Operating Lease by Lessor

The future minimum lease payments under non-cancellable leases are:

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

- not later than one year		441		166		503
- between one year and five years		493		-		1,076
- later than five years		-		-		-
Total minimum lease payments		934		166		1,579

Summary of Significant Accounting Policies - Disclosure of Detailed Information About Estimated Useful Lives of Property, Plant and Equipment (Details)	12 Months Ended
	Jan. 31, 2019
Leasehold Improvements [member]
BasisOfPreparationLineItems [Line Items]
Useful lives or depreciation rates, property, plant and equipment	1 - 10 years
Plant, Furniture, Fittings and Motor Vehicles [Member]
BasisOfPreparationLineItems [Line Items]
Useful lives or depreciation rates, property, plant and equipment	3 - 7 years

Financial Risk Management - Disclosure of Detailed Information About Hedging Instruments (Details) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017 NZD ($) Integer	Jan. 31, 2019 NZD ($) Integer	Jan. 31, 2018 NZD ($) Integer
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Notional amount
Buy USD / Sell NZD [Member] \| Less than Six Months [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Notional amount	$ 47,292	$ 34,395	$ 48,149
Average foreign exchange rate \| Integer	0.6687	0.6620	0.7061
Buy USD / Sell NZD [Member] \| Six Months to One Year [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Notional amount	$ 3,479
Average foreign exchange rate \| Integer	0.7186
Buy AUD / Sell NZD [Member] \| Less than Six Months [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Notional amount	$ 2,250		$ 2,247
Average foreign exchange rate \| Integer	0.8890		0.8900
Buy GBP / Sell NZD [Member] \| Less than Six Months [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Notional amount	$ 1,000
Average foreign exchange rate \| Integer	0.5784

Business Combination (Tables)

12 Months Ended

Jan. 31, 2019

Business Combination

Disclosure of Detailed Information About Purchase Consideration

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

	Naked NZ$000’s
Purchase consideration:
Shares issued		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 NZ$000’s
Cash		592
Trade and other receivables		4,186
Inventories		1,810
Intangible assets
- Brand		2,726
Trade and other payables		(916	)
Net identifiable assets acquired		8,398
Add: goodwill		5,798
Net assets acquired		14,196

Acquisition of FOH Online Corp Inc.

12 Months Ended

Jan. 31, 2019

Acquisition Of Foh Online Corp Inc.

Acquisition of FOH Online Corp Inc.

9	Acquisition of FOH Online Corp Inc.

	On November 15, 2018 the Group entered into a Stock Purchase Agreement with the shareholders of FOH Online Corp Inc (FOH), which included Cullen Investments Limited (Cullen) a related entity, that the Group purchased all of the issued and outstanding shares of FOH. The transaction was settled on December 6, 2019. The sub licence agreement which was in place between the Group and FOH was terminated upon completion of this transaction. The Group has treated this transaction as an asset acquisition as the activities of FOH did not constitute a business.

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

	FOH NZ$000’s
Purchase consideration:
Shares issued		6,872
Debt Forgiveness		13,073
Total purchase consideration		19,946

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

	Fair value NZ$000’s
Cash		278
Net balance with sub licencee		(3,119	)
Loan payable to EJ Watson		(2,172	)
Patents and Licences		24,959
Total of assets acquired		19,946

Accumulated Losses (Tables)

12 Months Ended

Jan. 31, 2019

Accumulated Losses

Disclosure of Detailed Information About Retained Earnings Accumulated Losses

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s

(Accumulated losses)/retained earnings at the beginning of ther period		(72,431	)		(34,838	)		(18,859	)
Loss for the period		(49,220	)		(37,593	)		(15,979	)
Accumulated losses at the end of ther period		(121,651	)		(72,431	)		(34,838	)

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates (Details) (Parenthetical)	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Income taxes [Abstract]
Applicable tax rate	28.00%	28.00%	28.00%	28.00%

Share Capital - Disclosure of Detailed Information About Other Equity Explanatory (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
Disclosure of classes of share capital [abstract]
Value of conversion rights - convertible notes		$ 4,159	$ 17,789

Business Combinations - Disclosure of Detailed Information About Assets and Liabilities Recognised (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Nov. 15, 2018
DisclosureOfBusinessCombinationLineItems [Line Items]
Cash	$ 592	$ 278
Trade and other receivables	4,186
Inventories	1,810
Trade and other payables	(916)
Net identifiable assets acquired	8,398	$ 19,946
Add: goodwill	5,798
Net assets acquired	14,196
Brand [Member]
DisclosureOfBusinessCombinationLineItems [Line Items]
Intangible assets	$ 2,726

Loss for the Period - Disclosure of Detailed Information About Profit Loss from Operating Activities in Connection with Specific Expenses (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Loss For Period
Salaries and wages	$ 19,917	$ 30,872	$ 33,613	$ 33,666
Defined contribution expenses	1,022	508	545	1,588
Employee benefits expense	20,939	31,380	34,158	35,254
Depreciation	1,664	2,151	2,724	2,966
Amortisation	178	231	306	323
Impairment loss	292	8,173	1,914	2,157
Depreciation, amortisation and impairment loss (reversal of impairment loss) recognised in profit or loss	2,134	10,555	4,944	5,446
Lease payments	6,485	9,760	10,807	11,034
Sublease payments received	(354)		(483)	(567)
Rental expense on operating leases	$ 6,131	$ 9,760	$ 10,324	$ 10,467

Share Capital - Disclosure of Detailed Information About Gearing Ratio (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017	Jun. 30, 2016	Jun. 30, 2015
Disclosure of classes of share capital [abstract]
Total borrowings	$ 20,967	$ 52,121	$ 68,998
Less Cash and cash equivalents	(1,962)	(10,739)	(2,644)	$ (4,193)	$ (1,246)
Net debt	19,005	41,382	67,033
Equity	10,519	(5,710)	(9,044)	$ (17,876)	$ 2,839
Total Capital	$ 29,524	$ 35,672	$ 57,989
Gearing ratio	64.00%	116.00%	116.00%

- Definition

The amount of residual interest in the assets of the entity after deducting all its liabilities.

+ References + Details

Derivative Financial Instruments - Schedule of Derivative Financial Instruments (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Derivative Financial Instruments
Current liabilities	$ 1,484	$ 2,087	$ 4,188

Provisions (Details Narrative) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
Provisions (Details Narrative) - NZD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
DisclosureOfProvisionsLineItems [Line Items]
Additional provisions, other provisions	$ 1,006	$ 1,054	$ 1,230
Onerous Contracts Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Pre-tax discount rate applied to provisions calculations	11.40%	10.25%	11.40%
Additional provisions, other provisions	$ 508
Make Good Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Pre-tax discount rate applied to provisions calculations	2.00%	2.00%	2.00%
Additional provisions, other provisions	$ 353	$ 717	$ 595

Capital and Leasing Commitments - Disclosure of Detailed Information About Operating Leases Explanatory (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Minimum lease payments under non-cancellable operating lease	$ 28,058	$ 25,089	$ 23,966
Not Later than One Year [Member]
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Minimum lease payments under non-cancellable operating lease	8,533	9,618	9,472
Between One Year and Five Years [Member]
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Minimum lease payments under non-cancellable operating lease	18,039	14,943	14,435
Later than Five Years [Member]
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Minimum lease payments under non-cancellable operating lease	$ 1,485	$ 528	$ 59

Trade and Other Receivables (Tables)

12 Months Ended

Jan. 31, 2019

Trade and other receivables [abstract]

Schedule of Trade and Other Receivables

		31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
CURRENT
Trade receivables			7,789			9,982			26,499
Provision for impairment	(a)		(609	)		(326	)		(537	)
			7,180			9,656			25,962
Prepayments			2,288			1,792			1,779
Other receivables			183			1,717			349
			9,650			13,165			28,090

Disclosure of Impairment of Receivable

The loss allowance provision as at 31 January 2019 is determined as follows, the expected credit losses incorporate forward looking information.

31 January 2019

0 - 30 days

31 - 60 days

60 - 90 days

> 90 days overdue

Total

Expected loss rate (%)

48.40

Gross carrying amount ($)

5,577

852

101

1,259

7,789

ECL provision

609

Disclosure of Impairment Loss and Reversal of Impairment Loss

Reconciliation of changes in the provision for impairment of receivables is as follows:

	For the Year Ended 31 January 2019			For the Year Ended 31 January 2018			For the 7 Months Ended 31 January 2017
	NZ $000’s			NZ $000’s			NZ $000’s
Balance at beginning of the period (calculated in accordance with AASB 139)		(326	)		(537	)		(268	)
Amount restated through opening retained earnings on adoption of AASB 9		-			-			-
Opening impairment allowance calculated under AASB 9		(326	)		(537	)		(268	)
Additional impairment loss recognised		-			-			-
Amounts written off as uncollectable
Directly to P&L		-			-			-
Movement through provision		(1,037	)		(92	)		(364	)
Unused amounts reversed		772			316			80
Foreign exchange movement		(18	)		(13	)		15
Balance at end of the period		(609	)		(326	)		(537	)

Analysis of Age of Financial Assets That are Past Due but Not Impaired

The ageing analysis of receivables is as follows:

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

0-30 days		5,577			7,945		14,883
31-60 days		852			335		2,566
61-90 days (past due not impaired)		101			489		2,166
61-90 days (considered impaired)		-			-		-
91+ days (past due not impaired)		3,295			1,213		6,884
91+ days (considered impaired)		(2,036	)		-		-
		7,789			9,982		26,499

Disclosure of Transfers of Financial Assets

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Transferred receivables		-		9,790		11,649

Tax Assets and Liabilities (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]

Reconciliation of Changes in Deferred Tax Liability Asset

	Opening Balance NZ$000’s			Charged to Income NZ$000’s		Charged directly to Equity NZ$000’s		Changes in Tax Rate NZ$000’s		Exchange Differences NZ$000’s		Closing Balance NZ$000’s
Deferred tax assets/(liabilities)
Carried forward tax losses		630			692		-		-		-		1,322
Intangible assets		(630	)		-		-		-		-		(630	)
Balance at 31 January 2019		-			692		-		-		-		692

Carried forward tax losses		630			-		-		-		-		630
Intangible assets		(630	)		-		-		-		-		(630	)
Balance at 31 January 2018		-			-		-		-		-		-

Carried forward tax losses		630			-		-		-		-		630
Intangible assets		(630	)		-		-		-		-		(630	)
Balance at 31 January 2017		-			-		-		-		-		-

Trade and Other Payables

12 Months Ended

Jan. 31, 2019

Trade And Other Payables

Trade and Other Payables

18	Trade and Other Payables

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
CURRENT
Trade payables		23,580		21,143		19,221
Accruals		10,150		9,568		7,503
Employee benefits liabilities		1,815		1,805		1,842
		35,545		32,516		28,565

Trade and other payables are unsecured, non interest bearing and are normally settled within 30 days however some the trade creditors are out of term as at 31 January 2019 and subsequent to the end of the financial period the Group has reduced the out of term trade creditors but further work is required to bring all of the creditors in term. The carrying amounts are considered to be a reasonable approximation of fair value.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2019

Summary Of Significant Accounting Policies

Disclosure of Detailed Information About Estimated Useful Lives of Property, Plant and Equipment

The estimated useful lives used for each class of depreciable asset are shown below:

Fixed asset class		Useful life

Leasehold improvements		1 - 10 years
Plant, furniture, fittings and motor vehicles		3 - 7 years

Capital and Leasing Commitments (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of capital and leasing commitments [Abstract]

Disclosure of Detailed Information About Operating Leases Explanatory

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
Minimum lease payments under non-cancellable operating lease
- not later than one year		8,533		9,618		9,472
- between one year and five years		18,039		14,943		14,435
- later than five years		1,485		528		59
		28,058		25,089		23,966

Disclosure of Detailed Information About Contracted Commitments Explanatory

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
Licence contract
- not later than one year		4,286		3,797		3,652
- between one year and five years		8,696		12,009		15,917
- later than five years		-		-		-
		12,982		15,806		19,569

Events Occurring After the Reporting Date (Details Narrative)		1 Months Ended
	Oct. 09, 2019 USD ($) $ / shares	Dec. 31, 2019 NZD ($) $ / shares shares	Nov. 30, 2019 NZD ($) $ / shares shares	Oct. 31, 2019 NZD ($)	Aug. 31, 2019 NZD ($) shares	Jul. 31, 2019 NZD ($) shares	Jul. 31, 2019 USD ($)	May 31, 2019 NZD ($) shares	May 31, 2019 USD ($) shares	Mar. 31, 2019 NZD ($) shares	Mar. 31, 2019 USD ($)	Dec. 31, 2019 USD ($) $ / shares shares	Nov. 30, 2019 USD ($) $ / shares shares	Nov. 21, 2019 USD ($)	Aug. 31, 2019 $ / shares	Jul. 31, 2019 $ / shares	May 31, 2019 USD ($) $ / shares shares	Mar. 31, 2019 USD ($) $ / shares shares	Feb. 05, 2019 $ / shares	Jan. 31, 2019 NZD ($)	Jan. 31, 2018 NZD ($)	Jan. 31, 2017 NZD ($)
Disclosure of non-adjusting events after reporting period [line items]
Debt principal value
Promissory notes outstanding																				$ 19,005,000	$ 41,382,000	$ 67,033,000
Events occurring after reporting date [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares					28,571,431					1,400,000								1,400,000
Number of warrants issued \| shares										1,400,000								1,400,000
Proceeds from issuance of shares and warrants										$ 100,000
Warrant exercise price \| $ / shares															$ 0.07
Warrants expiration period					5 years 6 months					2 years	2 years
Number of shares issued, value					$ 3,100,000
Share price per share \| $ / shares															0.07
Number of warrants to purchase ordinary shares \| shares					28,571,431
Bid price of ordinary shares, per share \| $ / shares																			$ 1.00
Events occurring after reporting date [Member] \| St. George Investments [Member]
Disclosure of non-adjusting events after reporting period [line items]
Coversion price per ordinary share \| $ / shares			$ 0.028
Convertible debt note		$ 108,200,000	$ 12,100,000
Events occurring after reporting date [Member] \| Promissory Notes [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares										2,119,178								2,119,178
Number of shares issued, value										$ 1,250,000
Events occurring after reporting date [Member] \| Trade Creditors [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares										11,248,415								11,248,415
Number of shares issued, value										$ 6,600,000
Events occurring after reporting date [Member] \| Investor [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares						15,750,000		6,000,000		4,510,588							6,000,000	4,510,588
Proceeds from issuance of shares and warrants						$ 2,350,000
Warrants expiration period								2 years	2 years	2 years	2 years
Number of shares issued, value								$ 2,170,000		$ 1,690,000
Number of warrants to purchase ordinary shares \| shares						15,750,000		1,000,000		4,510,588							1,000,000	4,510,588
Events occurring after reporting date [Member] \| St. George Investments [Member] \| Secured Convertible Promissory Note [Member]
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from debt								$ 4,300,000
Debt interest rate								10.00%									10.00%
Debt maturity								November 13, 2020	November 13, 2020
Debt prepayment description								The Company has the right to prepay the note, subject to a 15% premium.	The Company has the right to prepay the note, subject to a 15% premium.
Debt conversion price per share \| $ / shares																	$ 0.90
Debt description								The noteholder has the right to convert the note into Naked ordinary shares at a conversion price of US$0.90 per share, and also has the right, from December 13, 2019, to request redemption of any portion of the note, up to a maximum of US$0.4m per month.	The noteholder has the right to convert the note into Naked ordinary shares at a conversion price of US$0.90 per share, and also has the right, from December 13, 2019, to request redemption of any portion of the note, up to a maximum of US$0.4m per month.
Events occurring after reporting date [Member] \| Shareholder [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of ordinary shares exchange for cancellation \| shares								653,595	653,595
Value of ordinary shares exchange for cancellation								$ 300,000
Events occurring after reporting date [Member] \| Suppliers [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares						25,068,250
Number of shares issued, value						$ 3,700,000
Share price per share \| $ / shares															0.07
Number of ordinary shares exchange for cancellation \| shares					57,142,857
Value of ordinary shares exchange for cancellation					$ 6,200,000
Events occurring after reporting date [Member] \| Placement Agent Designees [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares						1,260,000
Warrants expiration period						5 years 6 months	5 years 6 months
Events occurring after reporting date [Member] \| Investo One [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of warrants to purchase ordinary shares \| shares						2,800,000
Events occurring after reporting date [Member] \| Certain Designees [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued \| shares					2,285,714
Warrant exercise price \| $ / shares															0.0875
Warrants expiration period					5 years 6 months
Events occurring after reporting date [Member] \| Certain Investors [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of warrants to purchase ordinary shares \| shares					18,550,000
Events occurring after reporting date [Member] \| Private Placement [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of warrants issued \| shares		79,300,000										79,300,000
Debt principal value		$ 5,000,000	$ 5,000,000
Debt interest rate		20.00%	20.00%									20.00%	20.00%
Debt maturity		December 19 2021	November 12 2021
Debt prepayment description		The Company has the right to prepay the note at a 25% premium.
Debt conversion price per share \| $ / shares												$ 0.04
Debt description		The note outstanding balance is convertible into ordinary shares from May 13, 2020, at a conversion price of $US 0.04 per share. From June 19, 2020, the holder can request the company redeem any portion of the note, up to a maximum of $US0.6m per month.
Number of warrants to purchase ordinary shares, value				$ 3,200,000
Discount and expenses				$ 2,120,000
Rights to exchange warrant, percentage				5.00%
Prepaying premium, percentage			25.00%
Coversion price per ordinary share \| $ / shares			$ 0.04
Conversion price per share, description			The note outstanding balance is convertible into ordinary shares from May 13, 2020, at a conversion price of $US 0.04 per share. From May 13, 2020, the holder can request the company redeem any portion of the note, up to a maximum of $US0.4m per month.
Debt instruments issued		$ 4,800,000	$ 4,800,000
Events occurring after reporting date [Member] \| Holder [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of warrants to purchase ordinary shares \| shares			63,400,000										63,400,000
Debt maturity			November 30 2021
Events occurring after reporting date [Member] \| US [Member]
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from issuance of shares and warrants											$ 87,000
Warrant exercise price \| $ / shares																		$ 0.50
Number of shares issued, value					$ 2,000,000
Events occurring after reporting date [Member] \| US [Member] \| St. George Investments [Member]
Disclosure of non-adjusting events after reporting period [line items]
Coversion price per ordinary share \| $ / shares		$ 0.021
Reduced Principle value of convertible debt		$ 2,265,000											$ 340,000
Events occurring after reporting date [Member] \| US [Member] \| Promissory Notes [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued, value																		$ 847,671
Share price per share \| $ / shares																		$ 0.40
Events occurring after reporting date [Member] \| US [Member] \| Trade Creditors [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued, value																		$ 4,500,000
Share price per share \| $ / shares																		$ 0.40
Events occurring after reporting date [Member] \| US [Member] \| Investor [Member]
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from issuance of shares and warrants							$ 1,575,000
Warrant exercise price \| $ / shares																$ 0.10	$ 0.25	0.306
Number of shares issued, value										$ 1,150,000							$ 1,500,000
Share price per share \| $ / shares																0.10	$ 0.25	$ 0.255
Events occurring after reporting date [Member] \| US [Member] \| St. George Investments [Member] \| Secured Convertible Promissory Note [Member]
Disclosure of non-adjusting events after reporting period [line items]
Proceeds from debt									$ 3,000,000
Debt principal value																	$ 3,320,000
Events occurring after reporting date [Member] \| US [Member] \| Shareholder [Member]
Disclosure of non-adjusting events after reporting period [line items]
Share price per share \| $ / shares																	$ 0.306
Value of ordinary shares exchange for cancellation									$ 200,000
Events occurring after reporting date [Member] \| US [Member] \| Suppliers [Member]
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued, value						$ 2,506,825
Share price per share \| $ / shares																0.10
Events occurring after reporting date [Member] \| US [Member] \| Placement Agent Designees [Member]
Disclosure of non-adjusting events after reporting period [line items]
Warrant exercise price \| $ / shares																0.125
Events occurring after reporting date [Member] \| US [Member] \| Investo One [Member]
Disclosure of non-adjusting events after reporting period [line items]
Warrant exercise price \| $ / shares																0.10
Events occurring after reporting date [Member] \| US [Member] \| Investo One [Member] \| Bottom of Range [Member]
Disclosure of non-adjusting events after reporting period [line items]
Warrant exercise price \| $ / shares																1.55
Events occurring after reporting date [Member] \| US [Member] \| Investo One [Member] \| Top of Range [member]
Disclosure of non-adjusting events after reporting period [line items]
Warrant exercise price \| $ / shares																$ 3.75
Events occurring after reporting date [Member] \| US [Member] \| Certain Investors [Member]
Disclosure of non-adjusting events after reporting period [line items]
Warrant exercise price \| $ / shares															$ 0.10
Share expiration, description					Share that expire in October 2021, June 2023 and July 2025.
Events occurring after reporting date [Member] \| US [Member] \| Private Placement [Member]
Disclosure of non-adjusting events after reporting period [line items]
Warrant exercise price \| $ / shares												$ 0.05
Debt principal value												$ 3,170,000
Debt instruments issued												$ 300,000
Events occurring after reporting date [Member] \| US [Member] \| Holder [Member]
Disclosure of non-adjusting events after reporting period [line items]
Warrant exercise price \| $ / shares													$ 0.05
Events occurring after reporting date [Member] \| US [Member] \| Suppliers [Member]
Disclosure of non-adjusting events after reporting period [line items]
Value of ordinary shares exchange for cancellation					$ 4,000,000
Events occurring after reporting date [Member] \| US [Member] \| Private Placement [Member]
Disclosure of non-adjusting events after reporting period [line items]
Debt principal value													$ 3,170,000
Number of warrants to purchase ordinary shares, value				$ 2,000,000
Debt instruments issued			$ 3,000,000
Events occurring after reporting date [Member] \| US [Member] \| Holder [Member]
Disclosure of non-adjusting events after reporting period [line items]
Debt interest rate	20.00%
Debt maturity	October 4, 2021
Promissory notes outstanding	$ 106,100													$ 2,510,000
Prepaying premium, percentage	25.00%
Coversion price per ordinary share \| $ / shares	$ 0.05

Derivative on Convertible Notes

12 Months Ended

Jan. 31, 2019

Derivative On Convertible Notes

Derivative on Convertible Notes

17	Derivative on Convertible Notes

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Derivative on Convertible Notes		-		1,110		4,112

	The Group has an embedded derivative feature in convertible notes due to foreign currency. Derivatives are recognized initially at fair value; attributable transaction costs are recognized in profit or loss as incurred. Fair value of the derivative is determined on inception using the Black-Scholes model. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted in profit or loss.

	The fair value of the separable embedded derivative in the convertible notes has been determined using Black-Scholes model. Measurement inputs include share price on measurement date, expected term of the instrument, risk free rate (based on government bonds), expected volatility (based on weighted average historic volatility) and expected dividend rate.

Acquisition of FOH Online Corp Inc. (Tables)

12 Months Ended

Jan. 31, 2019

AcquisitionLineItems [Line Items]

Disclosure of Detailed Information About Purchase Consideration

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

	Naked NZ$000’s
Purchase consideration:
Shares issued		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 NZ$000’s
Cash		592
Trade and other receivables		4,186
Inventories		1,810
Intangible assets
- Brand		2,726
Trade and other payables		(916	)
Net identifiable assets acquired		8,398
Add: goodwill		5,798
Net assets acquired		14,196

FOH Online Corp Inc. [Member]

AcquisitionLineItems [Line Items]

Disclosure of Detailed Information About Purchase Consideration

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

	FOH NZ$000’s
Purchase consideration:
Shares issued		6,872
Debt Forgiveness		13,073
Total purchase consideration		19,946

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 NZ$000’s
Cash		278
Net balance with sub licencee		(3,119	)
Loan payable to EJ Watson		(2,172	)
Patents and Licences		24,959
Total of assets acquired		19,946

Property, Plant and Equipment (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of detailed information about property, plant and equipment [abstract]

Disclosure of Detailed Information About Property, Plant and Equipment

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
Plant, furniture, fittings and motor vehicles
At cost		25,666			27,801			25,455
Accumulated depreciation		(25,168	)		(25,789	)		(23,182	)
		499			2,013			2,273

Leasehold improvements
At cost		12,035			10,762			10,132
Accumulated depreciation		(8,770	)		(8,034	)		(7,441	)
		3,264			2,728			2,691
Total property, plant and equipment		3,763			4,741			4,964

Disclosure of Detailed Information About Movements in Carrying Amounts of Property, Plant and Equipment

Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial period:

Leasehold improvements
NZ $000’s

Plant, furniture,
fittings and
motor vehicles
NZ $000’s

Total
NZ $000’s

Year ended 31 January 2019

Balance at the beginning of the period

2,728

2,013

4,741

Additions

1,501

1,084

2,585

Disposals

(105

)

(2,736

)

(2,841

)

Depreciation expense

(982

)

(1,170

)

(2,151

)

Impairment

(239

)

(239

)

Foreign exchange movements

121

1,547

1,668

Balance at the end of the year

3,264

499

3,763

	Leasehold improvements NZ $000’s			Plant, furniture, fittings and motor vehicles NZ$000’s			Total NZ $000’s
Year ended 31 January 2018
Balance at the beginning of the period		2,691			2,273			4,964
Additions		285			2,032			2,317
Disposals		(4	)		(118	)		(122	)
Depreciation expense		(496	)		(2,228	)		(2,724	)
Foreign exchange movements		253			54			306
Balance at the end of the year		2,728			2,013			4,741

	Leasehold improvements NZ $000’s			Plant, furniture, fittings and motor vehicles NZ$000’s			Total NZ $000’s
7 months ended 31 January 2017
Balance at the beginning of the year		2,795			3,414			6,209
Additions		241			482			723
Depreciation expense		(296	)		(1,368	)		(1,664	)
Impairment		-			(281	)		(281	)
Foreign exchange movements		49			26			75
Balance at the end of the year		2,691			2,273			4,964

Financial Risk Management - Disclosure of Financial Risk Management (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Non-derivatives Borrowings	$ 21,697	$ 52,072	$ 75,416
Non-derivatives Trade payables	23,580	21,143	19,221
Non-derivatives Total	45,277	73,215	94,637
Derivatives Gross future cash settlement on forward currency contracts - inflow	32,912	48,308	49,833
Derivatives Gross future cash settlement on forward currency contracts - (outflow)	(34,395)	(50,396)	(54,021)
Derivatives Total	(1,483)	(2,088)	(4,188)
0 - 30 Days [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Non-derivatives Borrowings	1,329	24,677	56,333
Non-derivatives Trade payables	23,580	21,143	19,221
Non-derivatives Total	24,908	45,820	75,554
Derivatives Gross future cash settlement on forward currency contracts - inflow	18,325	13,577	2,078
Derivatives Gross future cash settlement on forward currency contracts - (outflow)	(19,212)	(13,950)	(2,250)
Derivatives Total	(887)	(373)	(172)
Between One Month and Three Months [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Non-derivatives Borrowings	184	148	129
Non-derivatives Trade payables
Non-derivatives Total	184	148	129
Derivatives Gross future cash settlement on forward currency contracts - inflow	9,610	13,836	9,900
Derivatives Gross future cash settlement on forward currency contracts - (outflow)	(10,061)	(14,453)	(11,326)
Derivatives Total	(451)	(617)	(1,426)
Between Three Months and One Year [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Non-derivatives Borrowings	20,184	27,247	18,631
Non-derivatives Trade payables
Non-derivatives Total	20,184	27,247	18,631
Derivatives Gross future cash settlement on forward currency contracts - inflow	4,976	20,895	37,855
Derivatives Gross future cash settlement on forward currency contracts - (outflow)	(5,121)	(21,993)	(40,445)
Derivatives Total	(145)	(1,098)	(2,590)
Between One Year and Five Years [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Non-derivatives Borrowings			323
Non-derivatives Trade payables
Non-derivatives Total			323
Derivatives Gross future cash settlement on forward currency contracts - inflow
Derivatives Gross future cash settlement on forward currency contracts - (outflow)
Derivatives Total

Operating Segment - Disclosure of Reconciliation of Segment EBITDA to Profit or Loss and Other Comprehensive Income (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Operating Segment
Segment EBITDA	$ (2,126)	$ (25,602)	$ (24,053)	$ 10,470
Income tax (expense)/benefit	(865)	1,274	(60)	(5,546)
Other revenue				7,710
Any other reconciling items	(12,988)	(24,892)	(13,481)	(33,380)
Loss for the period	$ (15,979)	$ (49,220)	$ (37,593)	$ (20,746)

- Definition

The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]

+ References + Details

- Definition

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 7
-IssueDate 2018-01-01
-Paragraph 18
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=7&date=2018-03-01&anchor=para_18_b&doctype=Standard
-URIDate 2018-03-16

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 1
-IssueDate 2018-01-01
-Paragraph 24
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=1&date=2018-03-01&anchor=para_24_b&doctype=Standard
-URIDate 2018-03-16

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 1
-IssueDate 2018-01-01
-Paragraph 32
-Subparagraph a
-Clause ii
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=1&date=2018-03-01&anchor=para_32_a_ii&doctype=Standard
-URIDate 2018-03-16

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 28
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_28_b&doctype=Standard
-URIDate 2018-03-16

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Note Effective on first application of IFRS 9
-Name IFRS
-Number 4
-IssueDate 2018-01-01
-Paragraph 39L
-Subparagraph e
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=4&date=2018-03-02&anchor=para_39L_e&doctype=Standard&book=b
-URIDate 2018-03-16

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 23
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_23&doctype=Standard
-URIDate 2018-03-16

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
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-Paragraph B10
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_B10_b&doctype=Appendix&seq=2
-URIDate 2018-03-16

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 106
-Subparagraph d
-Clause i
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_106_d_i&doctype=Standard
-URIDate 2018-03-16

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Note Effective 2021-01-01
-Name IFRS
-Number 17
-IssueDate 2018-01-01
-Paragraph 113
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=17&date=2018-03-01&anchor=para_113_b&doctype=Standard
-URIDate 2018-03-16

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 81A
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_81A_a&doctype=Standard
-URIDate 2018-03-16

+ Details

Intangible Assets (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of detailed information about intangible assets [abstract]

Disclosure of Detailed Information About Intangible Assets

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s

Goodwill
Cost		5,607			-			-
Accumulated impairment		(3,287	)		-			-
		2,320			-			-

Patents, licences and trademarks
Cost		25,993			919			1,169
Accumulated amortisation and impairment		(918	)		(718	)		(573	)
		25,076			201			596

Brands
Cost		14,769			12,463			12,036
Accumulated amortisation and impairment		(4,563	)		-			-
		10,205			12,463			12,036

Software
Cost		15,718			15,788			17,308
Accumulated amortisation and impairment		(15,455	)		(15,440	)		(15,260	)
		263			348			2,048
Total intangible assets		37,864			13,012			14,680

Disclosure of Detailed Information About Movements in Carrying Amounts of Intangible Assets

Software
NZ $000’s

Patents and licences
NZ $000’s

Brands
NZ $000’s

Goodwill
NZ $000’s

Total
NZ $000’s

Year ended 31 January 2019

Balance at the beginning of the year

348

201

12,463

13,012

Additions

25,076

2,726

5,798

33,634

Amortisation

(29

)

(202

)

(231

)

Impairment (refer note 12c)

(83

)

(4,563

)

(3,287

)

(7,934

)

Foreign exchange movements

)

(420

)

(192

)

(618

)

Closing value at 31 January 2019

263

25,076

10,205

2,320

37,864

	Software NZ $000’s			Patents and licences NZ $000’s			Brands NZ $000’s		Goodwill NZ $000’s		Total NZ $000’s
Year ended 31 January 2018
Balance at the beginning of the year		2,048			596			12,036		-		14,680
Additions		106			12			-		-		118
Amortisation		(163	)		(143	)		-		-		(306	)
Impairment (refer note 12c)		(1,650	)		(264	)				-		(1,914	)
Foreign exchange movements		7			1			427		-		434
Closing value at 31 January 2018		348			201			12,463		-		13,012

	Software NZ $000’s			Patents and licences NZ $000’s			Brands NZ $000’s			Goodwill NZ $000’s		Total NZ $000’s
7 months ended 31 January 2017
Balance at the beginning of the period		2,251			128			12,554			-		14,933
Additions		10			808			-			-		818
Amortisation		(318	)		(33	)		-			-		(351	)
Impairment					(331	)					-		(331	)
Foreign exchange movements		105			24			(518	)		-		(389	)
Closing value at 31 January 2017		2,048			596			12,036			-		14,680

Disclosure of Information for Cash-generating Units

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
United States		2,320		-		-
Impairment expense		2,320		-		-

Loss for the Period (Tables)

12 Months Ended

Jan. 31, 2019

Loss For Period

Disclosure of Detailed Information About Profit Loss from Operating Activities

The loss for the half year was derived after charging / (crediting) the following items that are unusual and of significance because of their size, nature and incidence:

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s
Finance Costs
- Interest expense on external borrowings		2,338			5,431			2,923		3,140
- Interest expense on shareholder loans		1,062			2,807			3,040		7,042
- Amortisation on loan set up costs		641			553			275		227
		4,041			8,791			6,238		10,409

Other (gains)/losses
- Fair value (gain)/loss on foreign exchange contracts		1,065			(502	)		2,135		7,660
- Net foreign exchange (gains)/losses		(3,027	)		(256	)		171		(5,237	)
		(1,963	)		(758	)		3,306		2,423

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Brand transition, restructure and transaction expenses
- Brand transition expenses		291			-			-		884
- Onerous contracts		(109	)		(265	)		1,166		789
- Restructure expenses		626			215			103		559
- Transaction expenses		9,268			3,322			52		-
		10,075			3,272			1,321		2,232

Disclosure of Detailed Information About Profit Loss from Operating Activities in Connection with Specific Expenses

The loss for the year includes the following specific expenses:

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s
Employee benefits expense:
- Salaries and wages		30,872		33,613			19,917			33,666
- Defined contribution expenses		508		545			1,022			1,588
		31,380		34,158			20,939			35,254

Depreciation		2,151		2,724			1,664			2,966
Amortisation		231		306			178			323
Impairment loss		8,173		1,914			292			2,157
		10,555		4,944			2,134			5,446

Rental expense on operating leases:
- Lease payments		9,760		10,807			6,485			11,034
- Sublease payments received		-		(483	)		(354	)		(567	)
		9,760		10,324			6,131			10,467

Share Capital (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of classes of share capital [abstract]

Disclosure of Detailed Information About Share Capital

31 January 2019 NZ $000’s

31 January 2018 NZ $000’s

31 January 2017 NZ $000’s

29,640,965(2018: 306,028, 2017: 274,839) Ordinary shares

134,183

68,727

27,948

Disclosure of Detailed Information About Ordinary Shares Explanatory

For the Year Ended 31 January 2019 NZ$000’s

For the Year Ended 31 January 2018 NZ$000’s

For the 7 Months Ended 31 January 2017 NZ$000’s

At the beginning of the reporting period

68,727

27,948

3,108

Issuance of new shares

24,840

- Cash collected

23,248

22,990

- Settle Shareholder loan

12,242

- Shares issued in lieu of consultancy fee

692

- Shares issued in lieu of stock payment

4,045

Convertible note maturity

4,159

17,789

Business combination with Naked Brand Group Inc.

14,196

Business combination with FOH Online Inc.

6,872

At the end of the reporting period

134,183

68,727

27,948

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 January 2019 Number		For the Year Ended 31 January 2018 Number		For the 7 Months Ended 31 January 2017 Number

Naked Brand Group Limited shares issued on close of the merger between Bendon Limited and Naked Brand Group Inc.
- Bendon shareholders		20,889,940		306,028		274,839
- Naked shareholders		2,068,438				-
Shares issued during the period		6,682,587				-
At the end of the period		29,640,965		306,028		274,839

Disclosure of Detailed Information About Other Equity Explanatory

31 January 2019 NZ $000’s

31 January 2018 NZ $000’s

31 January 2017 NZ $000’s

Value of conversion rights - convertible notes

4,159

17,789

Disclosure of Detailed Information About Gearing Ratio

The gearing ratio for the years ended 31 January 2019, 31 January 2018 and 31 January 2017 are as follows:

	Note		31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
Total borrowings		19		20,967			52,121			68,998
Less Cash and cash equivalents		11		(1,962	)		(10,739	)		(1,965	)
Net debt				19,005			41,382			67,033
Equity				10,519			(5,710	)		(9,044	)
Total capital				29,524			35,672			57,989
Gearing ratio				64	%		116	%		116	%

Interests in Subsidiaries (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of subsidiaries [abstract]

Disclosure of Composition of Group

Composition of the Group

Principal place of business / country of Incorporation

Percentage
Owned (%)*
31 January 2019

Percentage
Owned (%)*
31 January

2018

Percentage
Owned (%)*
31 January

2017

Subsidiaries:

Bendon Retail Limited

New Zealand

100

100

Bendon Holdings Limited

New Zealand

100

100

Bendon Holdings Pty Limited

Australia

100

100

Bendon Pty Limited

Australia

100

100

Bendon Intimates Pty Limited

Australia

100

100

PS Holdings No. 1 Pty Limited

Australia

100

100

Pleasure State Pty Limited

Australia

100

100

Pleasure State (HK) Limited

Hong Kong

100

100

Bendon UK Limited

United Kingdom

100

100

Bendon USA Inc

United States of America

100

100

Bendon Limited**

New Zealand

100

Naked Brand Inc.

United States of America

100

FOH Online Corp Inc.

United States of America

100

*The percentage of ownership interest held is equivalent to the percentage voting rights for all subsidiaries.

** Bendon Limited was the parent entity in the periods ended 31 January 2018 and 31 January 2017.

Trade and Other Receivables - Analysis of Age of Financial Assets That are Past Due but Not Impaired (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	$ 7,789	$ 9,982	$ 26,499
0 - 30 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	5,577	7,945	14,883
31 - 60 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	852	335	2,566
61 - 90 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	101
61 - 90 Days [Member] \| Past Due Not Impaired [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	101	489	2,166
61 - 90 Days [Member] \| Considered Impaired [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables
> 90 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	1,259
> 90 Days [Member] \| Past Due Not Impaired [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	3,295	1,213	6,884
> 90 Days [Member] \| Considered Impaired [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Trade receivables	$ (2,036)

Interests in Subsidiaries - Disclosure of Composition of Group (Details)

7 Months Ended

12 Months Ended

Jan. 31, 2017

Jan. 31, 2019

Jan. 31, 2018

Bendon Retail Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

New Zealand

Proportion of ownership interest in subsidiary

^[1]

100.00%

Bendon Holdings Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

New Zealand

Proportion of ownership interest in subsidiary

^[1]

100.00%

Bendon Holdings Pty Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

Australia

Proportion of ownership interest in subsidiary

^[1]

100.00%

Bendon Pty Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

Australia

Proportion of ownership interest in subsidiary

^[1]

100.00%

Bendon Intimates Pty Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

Australia

Proportion of ownership interest in subsidiary

^[1]

100.00%

PS Holdings No. 1 Pty Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

Australia

Proportion of ownership interest in subsidiary

^[1]

100.00%

Pleasure State Pty Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

Australia

Proportion of ownership interest in subsidiary

^[1]

100.00%

Pleasure State (HK) Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

Hong Kong

Proportion of ownership interest in subsidiary

^[1]

100.00%

Bendon UK Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

United Kingdom

Proportion of ownership interest in subsidiary

^[1]

100.00%

Bendon USA Inc [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

United States of America

Proportion of ownership interest in subsidiary

^[1]

100.00%

Bendon Limited [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

^[2]

New Zealand

Proportion of ownership interest in subsidiary

^[1],[2]

0.00%

100.00%

0.00%

Naked Brand Inc [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

United States of America

Proportion of ownership interest in subsidiary

^[1]

0.00%

100.00%

0.00%

FOH Online Corp Inc. [Member]

Disclosure of subsidiaries [line items]

Principal place of business / country of Incorporation of subsidiary

United States of America

Proportion of ownership interest in subsidiary

^[1]

0.00%

100.00%

0.00%

[1]	The percentage of ownership interest held is equivalent to the percentage voting rights for all subsidiaries.
[2]	Bendon Limited was the parent entity in the periods ended 31 January 2018 and 31 January 2017.

Trade and Other Receivables

12 Months Ended

Jan. 31, 2019

Trade and other receivables [abstract]

Trade and Other Receivables

12	Trade and Other Receivables

		31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
CURRENT
Trade receivables			7,789			9,982			26,499
Provision for impairment	(a)		(609	)		(326	)		(537	)
			7,180			9,656			25,962
Prepayments			2,288			1,792			1,779
Other receivables			183			1,717			349
			9,650			13,165			28,090

Due to the short-term nature of the current receivables, their carrying amount is considered to be the same as their fair value.

	(a) Impairment of receivables

	The Group applies the simplified approach to providing for expected credit losses prescribed by AASB 9, which permits the use of the lifetime expected loss provision for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The loss allowance provision as at 31 January 2019 is determined as follows, the expected credit losses incorporate forward looking information.

31 January 2019

0 - 30 days

31 - 60 days

60 - 90 days

> 90 days overdue

Total

Expected loss rate (%)

48.40

Gross carrying amount ($)

5,577

852

101

1,259

7,789

ECL provision

609

Reconciliation of changes in the provision for impairment of receivables is as follows:

	For the Year Ended 31 January 2019			For the Year Ended 31 January 2018			For the 7 Months Ended 31 January 2017
	NZ $000’s			NZ $000’s			NZ $000’s
Balance at beginning of the period (calculated in accordance with AASB 139)		(326	)		(537	)		(268	)
Amount restated through opening retained earnings on adoption of AASB 9		-			-			-
Opening impairment allowance calculated under AASB 9		(326	)		(537	)		(268	)
Additional impairment loss recognised		-			-			-
Amounts written off as uncollectable
Directly to P&L		-			-			-
Movement through provision		(1,037	)		(92	)		(364	)
Unused amounts reversed		772			316			80
Foreign exchange movement		(18	)		(13	)		15
Balance at end of the period		(609	)		(326	)		(537	)

	The Group measures the loss allowance for trade receivables at an amount equal to lifetime expected credit loss (ECL). The ECL on trade receivables are estimated using a provision matrix by reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date.

	The Group has recognised a loss allowance of 48.40% against identifiable receivables at risk in excess of 90 days because historical experience has indicated that these receivables are generally not recoverable.

	There has been no change in the estimation techniques or significant assumptions made during the current reporting period.

	The Group writes off a trade receivable when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings, whichever occurs first.

	(b) Aged analysis

	The ageing analysis of receivables is as follows:

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

0-30 days		5,577			7,945		14,883
31-60 days		852			335		2,566
61-90 days (past due not impaired)		101			489		2,166
61-90 days (considered impaired)		-			-		-
91+ days (past due not impaired)		3,295			1,213		6,884
91+ days (considered impaired)		(2,036	)		-		-
		7,789			9,982		26,499

	(c) Transferred receivables

	During the periods ended 31 January 2018 and 31 January 2017 the carrying amounts of the trade receivables included receivables which were subject to a bank funding arrangement. Under this arrangement, Bendon had transferred the relevant receivables to BNZ in exchange for cash and is prevented from selling or pledging the receivables. However, Bendon has retained credit risk. The group therefore continues to recognise the transferred assets in their entirety in the balance sheet. The amount repayable under the factoring agreement is presented as secured borrowings.

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Transferred receivables		-		9,790		11,649

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Major Components of Tax Expense Income (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Income taxes [Abstract]
Current tax on profits for the period	$ 807	$ (667)	$ 537	$ 301
Adjustments for current tax of prior periods	58	(607)	(478)	(344)
Total current tax expense/(benefit)	865	(1,274)	60	(43)
Decreased/(increase) in deferred tax assets (note 28)				5,589
Income tax expense/(benefit) for continuing operations	$ 865	$ (1,274)	$ 60	$ 5,546

- Definition

The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]

+ References + Details

Derivative on Convertible Notes - Disclosure of Detailed Information About Derivative on Convertible Notes (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Disclosure Of Derivative On Convertible Notes [Abstract]
Derivative on Convertible Notes		$ 1,110	$ 4,112

Property, Plant and Equipment - Disclosure of Detailed Information About Property, Plant and Equipment (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017	Jun. 30, 2016
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 3,763	$ 4,741	$ 4,964	$ 6,209
Plant, Furniture, Fittings and Motor Vehicles [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	499	2,013	2,273	3,414
Plant, Furniture, Fittings and Motor Vehicles [Member] \| At Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	25,666	27,801	25,455
Plant, Furniture, Fittings and Motor Vehicles [Member] \| Accumulated amortisation and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	(25,168)	(25,789)	(23,182)
Leasehold Improvements [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	3,264	2,728	2,691	$ 2,795
Leasehold Improvements [member] \| At Cost [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	12,035	10,762	10,132
Leasehold Improvements [member] \| Accumulated amortisation and impairment [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ (8,770)	$ (8,034)	$ (7,441)

Share Capital - Disclosure of Detailed Information About Ordinary Shares Explanatory (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
Disclosure of classes of share capital [line items]
Balance, beginning		$ 68,727	$ 27,948
Convertible note maturity		4,159	17,789
Balance, ending	27,948	134,183	68,727
Ordinary share [Member]
Disclosure of classes of share capital [line items]
Balance, beginning	3,108	68,727	27,948
Issuance of new shares, cash collected	24,840	23,248	22,990
Issuance of new shares, Settle Shareholder loan		12,242	0
Issuance of new shares, Shares issued in lieu of consultancy fee		692
Shares issued in lieu of stock payment		4,045
Convertible note maturity		4,159	17,789
Business combination with Naked Brand Group Inc.		14,196
Business combination with FOH Online Inc.		6,872
Balance, ending	$ 27,948	$ 134,183	$ 68,727
Shares issued during the period	24,839	6,682,587	10,180
Balance, ending	274,839	29,640,965	306,028
Bendon Shareholders [Member]
Disclosure of classes of share capital [line items]
Shares issued during the period	274,839	20,889,940	306,028
Naked Shareholders [Member]
Disclosure of classes of share capital [line items]
Shares issued during the period		2,068,438

Financial Risk Management - Disclosure of Credit Risk Exposure (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Without External Credit Ratings [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Financial assets	$ 1,915	$ 10,685	$ 254
Without External Credit Ratings [Member] \| Trade Receivables [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Financial assets	7,789	9,982	26,499
Without External Credit Ratings [Member] \| Trade Receivables [Member] \| New Customer Less than 6 Months [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Financial assets	42	12	187
Without External Credit Ratings [Member] \| Trade Receivables [Member] \| Existing Customers (More Than 6 Months With Default in Past [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Financial assets	7,747	9,970	26,312
Ratings AA- [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Financial assets	1,915	10,591	265
Ratings A+ [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Financial assets		$ 94	$ (11)

- Definition

The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]

+ References + Details

Income Tax Expense/ (Benefit) (Tables) - Bendon Limited [Member]

12 Months Ended

Jan. 31, 2019

Income taxes [Line Items]

Disclosure of Detailed Information About Major Components of Tax Expense Income

(a) The major components of tax expense/(benefit) comprise:

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Current tax
Current tax on profits for the period		(667	)		537			807		301
Adjustments for current tax of prior periods		(607	)		(478	)		58		(344	)
Total current tax expense/(benefit)		(1,274	)		60			865		(43	)
Deferred tax expense/(benefit)
Decreased/(increase) in deferred tax assets (note 28)		-			-			-		5,589
Income tax expense/(benefit) for continuing operations		(1,274	)		60			865		5,546

Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates

(b) Reconciliation of income tax to accounting profit:
Loss before income tax	(50,494	)	(37,533	)	(15,114	)	(15,200	)
Tax at New Zealand tax rate of 28%	(14,138	)	(10,509	)	(4,232	)	(4,256	)

Tax effect of:
- permanent differences (including impairment expense)	753		(105	)	(6	)	757
- adjustments in respect of current income tax of previous years	(522	)	(449	)	41		(237	)
- effects of different tax rates of subsidiaries operating in other jurisdictions	493		(30	)	(15	)	(42	)
- deferred tax assets relating to prior periods no longer recognised (note 28)	12,077		11,150		5,119		3,934
- deferred tax assets relating to the current year not brought to account					-		5,589
- other	63		3		(42	)	(199	)
Income tax expense/(benefit)	(1,274	)	60		865		5,546

Disclosure of Detailed Information About Tax Losses Not Recognised

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Unused tax losses for which no deferred tax asset has been recognised		130,587		87,455		43,269		23,765
Potential tax benefit at 28%		36,564		24,487		12,115		6,654

Disclosure of Detailed Information About Temporary Differences Not Recognised

(d) Temporary differences not recognised

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Temporary differences for which no deferred tax asset has been recognised		14,504		14,661		18,703		19,924
Potental tax benefit at 28%		4,061		4,105		5,237		5,579

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Temporary Differences Not Recognised (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Income taxes [Abstract]
Temporary differences for which no deferred tax asset has been recognised	$ 18,703	$ 14,504	$ 14,661	$ 19,924
Potential tax benefit at 28%	$ 5,237	$ 4,061	$ 4,105	$ 5,579

Accumulated Losses - Disclosure of Detailed Information About Retained Earnings Accumulated Losses (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Accumulated Losses
(Accumulated losses)/retained earnings at the beginning of ther period	$ (18,859)	$ (72,431)	$ (34,838)
Loss for the period	(15,979)	(49,220)	(37,593)	$ (20,746)
Accumulated losses at the end of ther period	$ (34,838)	$ (121,651)	$ (72,431)	$ (18,859)

- Definition

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

+ Details

Fair Value Measurement - Schedule of Valuation Techniques for Fair Value Measurements Categorized Within Level 3 (Details) - Level 3 of fair value hierarchy [Member] $ in Thousands	12 Months Ended
	Jan. 31, 2019 NZD ($)
DisclosureOfFairValueMeasurementLineItems [Line Items]
Balance at 31 January 2018	$ 1,110
Changes in fair value
Conversion	(1,110)
Balance at 31 January 2019

Operating Segment - Disclosure of Reconciliation of Segment Revenue to Profit or Loss and Other Comprehensive Income (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Operating Segment
Total segment revenue	$ 113,031	$ 136,844	$ 156,311	$ 176,145
Intersegment eliminations	(16,747)	(24,924)	(24,923)	(32,855)
Other revenue				7,710
Total revenue	$ 96,284	$ 111,920	$ 131,388	$ 151,000

- Definition

The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 28
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_28_a&doctype=Standard
-URIDate 2018-03-16

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 23
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_23_a&doctype=Standard
-URIDate 2018-03-16

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 32
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_32&doctype=Standard
-URIDate 2018-03-16

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 33
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_33_a&doctype=Standard
-URIDate 2018-03-16

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2018-01-01
-Paragraph 34
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=8&date=2018-03-01&anchor=para_34&doctype=Standard
-URIDate 2018-03-16

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 82
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_82_a&doctype=Standard
-URIDate 2018-03-16

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 103
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_103&doctype=Standard
-URIDate 2018-03-16

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 1
-IssueDate 2018-01-01
-Paragraph 102
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_102&doctype=Standard
-URIDate 2018-03-16

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 5
-IssueDate 2018-01-01
-Paragraph 33
-Subparagraph b
-Clause i
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=5&date=2018-03-01&anchor=para_33_b_i&doctype=Standard
-URIDate 2018-03-16

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2018-01-01
-Paragraph B12
-Subparagraph b
-Clause v
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_B12_b_v&doctype=Appendix&seq=2
-URIDate 2018-03-16

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
-Number 12
-IssueDate 2018-01-01
-Paragraph B10
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2018-03-01&anchor=para_B10_b&doctype=Appendix&seq=2
-URIDate 2018-03-16

+ Details

Income Tax Expense/ (Benefit)

12 Months Ended

Jan. 31, 2019

Income taxes [Abstract]

Income Tax Expense/(Benefit)

7	Income Tax Expense/(benefit)

	(a) The major components of tax expense/(benefit) comprise:

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s

Current tax
Current tax on profits for the period		(667	)		537			807			301
Adjustments for current tax of prior periods		(607	)		(478	)		58			(344	)
Total current tax expense/(benefit)		(1,274	)		60			865			(43	)
Deferred tax expense/(benefit)
Decreased/(increase) in deferred tax assets (note 28)		-			-			-			5,589
Income tax expense/(benefit) for continuing operations		(1,274	)		60			865			5,546

(b) Reconciliation of income tax to accounting profit:
Loss before income tax		(50,494	)		(37,533	)		(15,114	)		(15,200	)
Tax at New Zealand tax rate of 28%		(14,138	)		(10,509	)		(4,232	)		(4,256	)

Tax effect of:
- permanent differences (including impairment expense)		753			(105	)		(6	)		757
- adjustments in respect of current income tax of previous years		(522	)		(449	)		41			(237	)
- effects of different tax rates of subsidiaries operating in other jurisdictions		493			(30	)		(15	)		(42	)
- deferred tax assets relating to prior periods no longer recognised (note 28)		12,077			11,150			5,119			3,934
- deferred tax assets relating to the current year not brought to account								-			5,589
- other		63			3			(42	)		(199	)
Income tax expense/(benefit)		(1,274	)		60			865			5,546

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Unused tax losses for which no deferred tax asset has been recognised		130,587		87,455		43,269		23,765
Potential tax benefit at 28%		36,564		24,487		12,115		6,654

	The Group has assessed future forecast profits and concluded that not enough criteria have been satisfied to recognise any deferred tax assets at the period ended 31 January 2019. Unused tax losses do not have an expiry date.

	(d) Temporary differences not recognised

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Temporary differences for which no deferred tax asset has been recognised		14,504		14,661		18,703		19,924
Potental tax benefit at 28%		4,061		4,105		5,237		5,579

Business Combinations (Details Narrative) - NZD ($)		7 Months Ended	12 Months Ended
Business Combinations (Details Narrative) - NZD ($)	Feb. 02, 2018	Jan. 31, 2019	Jan. 31, 2019
Business Combination
Acquisition-related costs			$ 3,739,279
Number of shares issued			100,000
Value of shares issued			$ 700,000
Business contributed revenues	$ 113,969,040	$ 2,244,095
Net loss	$ 49,255,319	$ 813,808

Loss for the Period - Disclosure of Detailed Information About Profit Loss from Operating Activities (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Loss For Period
Interest expense on external borrowings	$ 2,923	$ 2,338	$ 5,431	$ 3,140
Interest expense on shareholder loans	3,040	1,062	2,807	7,042
Amortisation on loan set up costs	275	641	553	227
Finance costs	6,238	4,041	8,791	10,409
Fair value (gain)/loss on foreign exchange contracts	2,135	1,065	(502)	7,660
Net foreign exchange(gains)/losses	171	(3,027)	(256)	(5,237)
Other (gains)/losses	3,306	(1,963)	(758)	2,423
Brand transition expenses		291		884
Onerous contracts	1,166	(109)	(265)	789
Restructure expenses	103	626	215	559
Transaction expenses	52	9,268	3,322
Brand transition, restructure and transaction expenses	$ (1,321)	$ (10,075)	$ (3,272)	$ (2,232)

Intangible Assets

12 Months Ended

Jan. 31, 2019

Disclosure of detailed information about intangible assets [abstract]

Intangible Assets

15	Intangible Assets

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s

Goodwill
Cost		5,607			-			-
Accumulated impairment		(3,287	)		-			-
		2,320			-			-

Patents, licences and trademarks
Cost		25,993			919			1,169
Accumulated amortisation and impairment		(918	)		(718	)		(573	)
		25,076			201			596

Brands
Cost		14,769			12,463			12,036
Accumulated amortisation and impairment		(4,563	)		-			-
		10,205			12,463			12,036

Software
Cost		15,718			15,788			17,308
Accumulated amortisation and impairment		(15,455	)		(15,440	)		(15,260	)
		263			348			2,048
Total intangible assets		37,864			13,012			14,680

	(a) Software Impairment

	For the year ended 31 January 2018, management decided to fully impair the costs on the ERP upgrade and are currently reviewing alternatives.

	(b) Movements in carrying amounts of intangible assets

Software
NZ $000’s

Patents and licences
NZ $000’s

Brands
NZ $000’s

Goodwill
NZ $000’s

Total
NZ $000’s

Year ended 31 January 2019

Balance at the beginning of the year

348

201

12,463

13,012

Additions

25,076

2,726

5,798

33,634

Amortisation

(29

)

(202

)

(231

)

Impairment (refer note 12c)

(83

)

(4,563

)

(3,287

)

(7,934

)

Foreign exchange movements

)

(420

)

(192

)

(618

)

Closing value at 31 January 2019

263

25,076

10,205

2,320

37,864

	Software NZ $000’s			Patents and licences NZ $000’s			Brands NZ $000’s		Goodwill NZ $000’s		Total NZ $000’s
Year ended 31 January 2018
Balance at the beginning of the year		2,048			596			12,036		-		14,680
Additions		106			12			-		-		118
Amortisation		(163	)		(143	)		-		-		(306	)
Impairment (refer note 12c)		(1,650	)		(264	)				-		(1,914	)
Foreign exchange movements		7			1			427		-		434
Closing value at 31 January 2018		348			201			12,463		-		13,012

	Software NZ $000’s			Patents and licences NZ $000’s			Brands NZ $000’s			Goodwill NZ $000’s		Total NZ $000’s
7 months ended 31 January 2017
Balance at the beginning of the period		2,251			128			12,554			-		14,933
Additions		10			808			-			-		818
Amortisation		(318	)		(33	)		-			-		(351	)
Impairment					(331	)					-		(331	)
Foreign exchange movements		105			24			(518	)		-		(389	)
Closing value at 31 January 2017		2,048			596			12,036			-		14,680

	For the purpose of impairment testing, goodwill is allocated to cash-generating units as below:

	Description of cash-generating unit (CGU)

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
United States		2,320		-		-
Impairment expense		2,320		-		-

	Impairment assumption

	Goodwill relates to the acquisition of Naked Inc, a business operating in the United States and was allocated to the Group’s operation in United States which is the cash generating unit (CGU) for the purpose of impairment testing. The recoverable amount of the CGU was determined based on value in use calculations which require the use of assumptions. The calculations use cash flow projections based on financial budgets approved by management covering a five year period. Cash flows beyond the five year period are extrapolated using the estimated growth rates stated below. These growth rates do not exceed the long term average growth rates for the industry.

	The result of the impairment assessment is that the carrying value exceeded the fair value less costs to sell by an amount of $3.2m. As such, the goodwill has been partially impaired for the year ended 31 January 2019.

	Significant assumptions used for the purposes of the value in use calculation include:

	United States
	Post-tax discount rate - 10.50%
	EBITDA growth rate - 10%
	Terminal growth - 2%

	Impact of possible changes in key assumptions

	The directors have made judgements and estimates to assess goodwill for impairment. Should these judgements and estimates not occur the resulting carrying amount may decrease.

	The sensitivities that have been separately modelled are as follows: (a) a 3.25% increase in the post-tax discount rate (b) sales growth rate reduced to 5%

	The carrying amount of the goodwill is sensitive to assumptions used in the impairment test calculations including the post tax discount rate and sales growth rate. A 3.25% increase in the post tax discount rate would result in an additional impairment of $2,320 thousand against the carrying amount of the goodwill. A reduction of the EBITDA growth rate to 5% would not result in a further impairment as goodwill would be fully impaired from the increase of the post-tax discount rate.

(d)

Impairment testing for indefinite-lived brand intangibles

	Brand intangible assets represent brands owned by the Group, that arose on historical acquisitions including Pleasure State, Davenport and Lovable. The intangible assets increased in the current period as result of the business combinations with Naked Brand Group Inc. See note 8 for further information.

	The brand intangible assets of $10,205,000 (2018: $12,463,000, 2017: $12,036,000) are tested for impairment annually.

	Impairment assumptions

	Management has determined the recoverable amount of the indefinite lived brand assets by assessing the fair value less cost of disposal (FVLCOD) of the underlying assets. The relief from royalty method adopted to complete the valuation determines, in lieu of ownership, the cost that would be required to obtain comparable rights to use the asset via a third party licence arrangement. These calculations use cash flow projections based on financial budgets approved by management covering a five-year period. Cash flows beyond the five-year period are extrapolated using the estimated growth rates shown below. These growth rates do not exceed the long term average growth rates for the industry. The result of the impairment assessment is that the carrying value has exceeded the fair value less costs to sell by $3.9m. As such, the indefinite lived brand assets has been partially impaired for the year ended 31 January 2019.

	Management’s approach and the key assumptions used to determine the FVLCOD were as follows: Sales growth: 2.5% (31 January 2018: 5%) Royalty rate: 5.0% (31 January 2018: 6.6%) Cash flow - revenue forecast period: 5 years (31 January 2018: 5 years) Post tax discount rate (%) for US brands: 10.5% (31 January 2018: 0%) Post-tax discount rate (%) for NZ brands: 11.75% (31 January 2018: 11.4%) Long term sales growth rate (%): 2% (31 January 2018: 2%)

	Impact of possible changes in key assumptions

	The directors have made judgements and estimates to assess indefinite-lived brand assets for impairment. Should these judgements and estimates not occur the resulting carrying amount may decrease.

	The sensitivities that have been separately modelled are as follows: (a) a 2.1% increase in the post-tax discount rate (b) sales growth rate reduced to 0%

	The carrying amounts of the indefinite lived brand intangible assets are sensitive to assumptions used in the impairment test calculations including the post tax discount rate and sales growth rate. A 2.1% increase in the post tax discount rate would result in an additional impairment of $951 thousand (31 January 2018: an increase of 1.5% would result an impairment of $929 thousand) against the carrying amount of the indefinite lived brand intangibles. A reduction of the sales growth rate to 0% would result in an additional impairment of $1,554 thousand (31 January 2018: a reduction to 2% would result an impairment of $611 thousand) against the carrying amount of the indefinite lived brand intangible assets.

Dividends - Disclosure of Detailed Information About Dividends Explanatory (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Australian Franking Credits [Member]
DisclosureOfDividendsLineItems [Line Items]
Unused tax credits for which no deferred tax asset recognised	$ 3,995	$ 3,995	$ 3,757
New Zealand Imputation Credits [Member]
DisclosureOfDividendsLineItems [Line Items]
Unused tax credits for which no deferred tax asset recognised	$ 236	$ 236	$ 235

Acquisition of FOH Online Corp Inc. - Disclosure of Detailed Information About Purchase Consideration (Details) - NZD ($) $ in Thousands		7 Months Ended
	Nov. 15, 2018	Jan. 31, 2019
Acquisition Of Foh Online Corp Inc.
Shares issued	$ 6,872
Debt Forgiveness	13,073
Total purchase consideration	$ 19,946	$ 14,196

Business Combination

12 Months Ended

Jan. 31, 2019

Business Combination

Business Combination

8	Business Combination

	On 19th June 2018, Bendon Limited (Bendon) and Naked Brand Group Inc. (Naked) completed a business combination pursuant to the Merger Agreement. The business combination was executed after Bendon Limited reorganised its group and inserted a new entity as its parent entity in which the Bendon shareholders rolled over their shares into the new entity. The new parent entity is called Naked Brand Group Limited. Bendon Limited was considered the accounting acquirer of the consolidated group and the consolidated accounts represents a continuation of the Bendon Limited financial statements.

	Pursuant to the Merger Agreement, (i) Bendon undertook a reorganization (the “Reorganization”) pursuant to which all of the shareholders of Bendon Limited exchanged all of the outstanding ordinary shares of Bendon Limited (the “Bendon Ordinary Shares”) for ordinary shares in Naked Brand Group Limited (“Naked Brand Group Ordinary Shares”), and (ii) immediately thereafter, the parties effectuated a merger of Merger Sub and Naked, with Naked surviving as a wholly owned subsidiary of Naked Brand Group Limited and the Naked stockholders receiving Naked Brand Group Ordinary Shares in exchange for all of the outstanding shares of common stock of Naked (the “Merger” and together with the Reorganization, the “Transactions”).

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

	Naked NZ$000’s
Purchase consideration:
Shares issued		14,196

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

	Fair value NZ$000’s
Cash		592
Trade and other receivables		4,186
Inventories		1,810
Intangible assets
- Brand		2,726
Trade and other payables		(916	)
Net identifiable assets acquired		8,398
Add: goodwill		5,798
Net assets acquired		14,196

	There were no acquisitions in the year ended 31 January 2018.

	(a) Acquisition-related costs

	Acquisition related costs of $3,739,279 that were not directly attributable to the issue of shares are included in administrative expenses in profit or loss and in operating cash flows in the statement of cash flows. In addition, approximately 100,000 Naked Brand Group’s share was issued to advisors as part of their consultancy in lieu of cash payment. The fair value of these was $700 thousand and that cost has been recognised as an expense in the profit and loss.

	(b) Revenue and profit contribution

	The acquired business contributed revenues of $2,244,095 and net loss of $813,808 to the group for the period from 19 June 2018 to 31 January 2019. If the acquisition occurred on 1 February 2018, the full year revenue of the combined group would have been $113,969,040 and loss of $49,255,319.

	(c) Provisional accounting

	The initial accounting for the business combination is incomplete at the time of the end of the reporting period and will be recognised using provisional amounts. During the measurement period, the Group will retrospectively adjust the provisional amounts recognised at the acquisition date to reflect new information obtained about facts and circumstance that existed as at the acquisition date. The measurement period ends as soon the Group receives the information it was seeking about facts and circumstances that existed as of the acquisition date or learns that more information is not obtained. The measurement shall not exceed one year from the acquisition date.

Cash Flow Information (Tables)

12 Months Ended

Jan. 31, 2019

Cash Flow Information

Schedule of Cash Flow Information

Reconciliation of net income to net cash provided by operating activities:

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s
Loss for the period		(49,220	)		(37,593	)		(15,979	)		(20,746	)
Cash flows excluded from profit attributable to operating activities interest paid on borrowings		3,400			8,792			6,238			10,182
Non-cash flows in profit:
- depreciation and amortisation expense		2,382			3,030			1,842			3,516
- impairment expense		8,173			1,914			292			2,157
- fair value gain/(loss) on Convertible Notes derivative		775			(2,393	)		592			-
Changes in assets and liabilities:
- (increase) in trade and other receivables		14,267			14,925			(4,748	)		(6,518	)
- (increase) in current tax receivables		(355	)		52			35			(88	)
- (increase)/decrease in derivative assets		-			-			-			(2,289	)
- (increase)/decrease in inventories		13,350			6,638			(179	)		8,088
- (increase)/decrease in deferred tax asset/(liability)		(692	)		-			-			5,589
- (increase)/decrease in related party receivables		6,531			(906	)		(3,438	)		(5,603	)
- (increase)/decrease in trade and other payables		(5,681	)		6,956			2,078			(11,113	)
- (increase)/decrease in income taxes payable		226			152			635			(483	)
- (increase)/decrease in provisions		(522	)		39			367			311
- (increase)/decrease in foreign currency derivative liability		(1,712	)		(5,104	)		(1,343	)		5,530
- net exchange differences		(355	)		(618	)		90			1,849
Cashflows from operations		(9,434	)		(4,116	)		(13,518	)		(5,040	)

Intangible Assets (Details Narrative) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017	Jun. 30, 2016
Disclosure of detailed information about intangible assets [line items]
Amount of fair value less costs	$ 3,200
Post-tax discount rate	10.50%
EBITDA growth rate	10.00%
Terminal growth rate	2.00%
Increase in post-tax discount rate	2.10%
Decrease in sales growth rate	0.00%
Impairment loss recognised in profit or loss, goodwill	$ 2,320
Intangible assets	$ 37,864	$ 13,012	14,680	$ 14,933
Sales growth rate used to extrapolate cash flow projections	2.50%	5.00%
Royalty rate	5.00%	6.60%
Cash flow forecast period	5 years	5 years
Growth rate used to extrapolate cash flow projections	2.00%	2.00%
Impact of possible changes in key assumptions used in impairment test calculations	A 2.1% increase in the post tax discount rate would result in an additional impairment of $951 thousand (31 January 2018: an increase of 1.5% would result an impairment of $929 thousand) against the carrying amount of the indefinite lived brand intangibles. A reduction of the sales growth rate to 0% would result in an additional impairment of $1,554 thousand (31 January 2018: a reduction to 2% would result an impairment of $611 thousand) against the carrying amount of the indefinite lived brand intangible assets.
Impairment of intangible assets	$ 951	$ 929
Goodwill [Member]
Disclosure of detailed information about intangible assets [line items]
Increase in post-tax discount rate	3.25%
Decrease in sales growth rate	5.00%
Impairment loss recognised in profit or loss, goodwill	$ 2,320
Intangible assets	2,320
Brand [Member]
Disclosure of detailed information about intangible assets [line items]
Amount of fair value less costs	3,900
Intangible assets	$ 10,205	$ 12,463	$ 12,036	$ 12,554
Cash flow forecast period	5 years
US Brands [Member]
Disclosure of detailed information about intangible assets [line items]
Post-tax discount rate	10.50%	0.00%
NZ Brands [Member]
Disclosure of detailed information about intangible assets [line items]
Post-tax discount rate	11.75%	11.40%

Inventories (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of inventories [Abstract]

Disclosure of Detailed Information About Inventories

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s

Finished goods		21,564			31,451			37,904
Provision for impairment		(444	)		(338	)		(153	)
		21,120			31,113			37,751

Contingencies

12 Months Ended

Jan. 31, 2019

Disclosure of contingent liabilities [abstract]

Contingencies

33	Contingencies

Contingent Liabilities

The Group had the following contingent liabilities at the end of the reporting period:

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s

Rent guarantees to certain landlords		419		419		571
Standby letter of credit to JP Morgan Chase Bank		291		291		286
Guarantee provided to UK Customs Department		329		329		282
Guarantee provided to ANZ for Merchant Service		172		172		-

A shareholder has lodged a court Action against the Group claiming they did not receive the correct number of shares in the Group on completion of the merger between Naked Inc. and Bendon Limited on 19 June 2018. The Group has sought to have this claim dismissed by the Court on the basis that the Group had no contract with the shareholder and that the shareholder did not have a possessory right over a certain number of shares in the Group.

Key Management Personnel Remuneration - Disclosure of Detailed Information About Key Management Personnel (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Key Management Personnel Remuneration
Short-term employee benefits	$ 1,492	$ 2,056	$ 1,743	$ 1,752
Key management personnel remuneration	$ 1,492	$ 2,056	$ 1,743	$ 1,752

Trade and Other Receivables - Disclosure of Impairment Loss and Reversal of Impairment Loss (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
Trade and other receivables [abstract]
Balance at beginning of the period (calculated in accordance with AASB 139)	$ (268)	$ (326)	$ (537)
Amount restated through opening retained earnings on adoption of AASB 9
Opening impairment allowance calculated under AASB 9	(268)	(326)	(537)
Additional impairment loss recognised
Amounts written off as uncollectable, Directly to P&L
Amounts written off as uncollectable, Movement through provision	(364)	(1,037)	(92)
Unused amounts reversed	80	772	316
Foreign exchange movement	15	(18)	(13)
Balance at end of the period	$ (537)	$ (609)	$ (326)

Tax Assets and Liabilities

12 Months Ended

Jan. 31, 2019

Disclosure of temporary difference, unused tax losses and unused tax credits [abstract]

Tax Assets and Liabilities

28	Tax assets and liabilities

	Opening Balance NZ$000’s			Charged to Income NZ$000’s		Charged directly to Equity NZ$000’s		Changes in Tax Rate NZ$000’s		Exchange Differences NZ$000’s		Closing Balance NZ$000’s
Deferred tax assets/(liabilities)
Carried forward tax losses		630			692		-		-		-		1,322
Intangible assets		(630	)		-		-		-		-		(630	)
Balance at 31 January 2019		-			692		-		-		-		692

Carried forward tax losses		630			-		-		-		-		630
Intangible assets		(630	)		-		-		-		-		(630	)
Balance at 31 January 2018		-			-		-		-		-		-

Carried forward tax losses		630			-		-		-		-		630
Intangible assets		(630	)		-		-		-		-		(630	)
Balance at 31 January 2017		-			-		-		-		-		-

Trade and Other Receivables - Disclosure of Transfers of Financial Assets (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Trade and other receivables [abstract]
Transferred receivables		$ 9,790	$ 11,649

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Income taxes [Abstract]
Loss before income tax	$ (15,114)	$ (50,494)	$ (37,533)	$ (15,200)
Tax at New Zealand tax rate of 28%	(4,232)	(14,138)	(10,509)	(4,256)
Tax effect of: permanent differences (including impairment expense)	(6)	753	(105)	757
Tax effect of: adjustments in respect of current income tax of previous years	41	(522)	(449)	(237)
Tax effect of: effects of different tax rates of subsidiaries operating in other jurisdictions	(15)	493	(30)	(42)
Tax effect of: deferred tax assets relating to prior periods no longer recognised (note 28)	5,119	12,077	11,150	3,934
Tax effect of: deferred tax assets relating to the current year not brought to account				5,589
Tax effect of: other	(42)	63	3	(199)
Income tax expense/(benefit)	$ 865	$ (1,274)	$ 60	$ 5,546

Related Parties - Disclosure of Transactions Between Related Parties (Details) - NZD ($)	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Cullen Invenstment Limited [Member]
Disclosure of transactions between related parties [line items]
Loans from related parties, Opening balance	$ 11,535,677	$ 13,051,321	$ 9,613,014
Loans from related parties, Closing balance		11,535,677	13,051,321
Whitespace Atelier Limited [Member]
Disclosure of transactions between related parties [line items]
Loans from related parties, Opening balance	272,665	281,714
Loans from related parties, Closing balance		281,714
FOH Online Inc. [Member]
Disclosure of transactions between related parties [line items]
Loans from related parties, Opening balance		3,518,009
Loans from related parties, Closing balance		3,518,009
SBL Holdings [Member]
Disclosure of transactions between related parties [line items]
Loans to related parties, Opening balance
Loans to related parties, Closing balance	(1,448,646)
Naked Inc. [Member]
Disclosure of transactions between related parties [line items]
Loans to related parties, Opening balance	(1,368,577)
Loans to related parties, Closing balance		$ (1,368,577)
EJ Watson [Member]
Disclosure of transactions between related parties [line items]
Loans to related parties, Opening balance
Loans to related parties, Closing balance	$ (2,289,212)

Financial Risk Management - Disclosure of Financial Instruments by Type of Interest Rate (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Borrowings	$ 1,236	$ 1,159
Total	20,967	52,121	68,998
Floating Rate Instruments [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Bank overdrafts
Working capital financing bank facility		22,489	31,710
Convertible notes		1,740	16,474
Borrowings	20,000	16,000	16,000
Total	$ 20,000	$ 40,229	$ 64,184

Fair Value Measurement - Schedule of Fair Value Measurement of Assets and Liabilities (Details) - Recurring fair value measurement [Member] - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Derivative on Convertible Notes [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial liabilities		$ 1,110	$ 4,112
Foreign exchange contracts [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial assets
Financial liabilities	1,484	2,087	4,188
Level 1 of fair value hierarchy [Member] \| Derivative on Convertible Notes [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial liabilities
Level 1 of fair value hierarchy [Member] \| Foreign exchange contracts [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial assets
Financial liabilities
Level 2 of fair value hierarchy [member] \| Derivative on Convertible Notes [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial liabilities
Level 2 of fair value hierarchy [member] \| Foreign exchange contracts [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial assets
Financial liabilities	1,484	2,087	4,188
Level 3 of fair value hierarchy [Member] \| Derivative on Convertible Notes [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial assets
Financial liabilities		1,110
Level 3 of fair value hierarchy [Member] \| Foreign exchange contracts [Member]
DisclosureOfFairValueMeasurementLineItems [Line Items]
Financial assets
Financial liabilities			$ 4,112

- Definition

+ References + Details

- Definition

The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity’s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity’s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]

+ References + Details

Trade and Other Receivables - Disclosure of Impairment of Receivable (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
TradeAndOtherReceivablesLineItems [Line Items]
Gross carrying amount ($)	$ 7,789	$ 9,982	$ 26,499
ECL provision	$ 609
0 - 30 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Expected loss rate (%)
Gross carrying amount ($)	$ 5,577	7,945	14,883
ECL provision
31 - 60 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Expected loss rate (%)
Gross carrying amount ($)	$ 852	$ 335	$ 2,566
ECL provision
61 - 90 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Expected loss rate (%)
Gross carrying amount ($)	$ 101
ECL provision
> 90 Days [Member]
TradeAndOtherReceivablesLineItems [Line Items]
Expected loss rate (%)	48.40%
Gross carrying amount ($)	$ 1,259
ECL provision	$ 609

Trade and Other Receivables (Details Narrative)	Jan. 31, 2019
Trade and other receivables [abstract]
Percentage of recognised loss allowance against identifiable receivables	48.40%

Cash Flow Information

12 Months Ended

Jan. 31, 2019

Cash Flow Information

Cash Flow Information

35	Cash Flow Information

Reconciliation of result for the year to cashflows from operating activities

Reconciliation of net income to net cash provided by operating activities:

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s
Loss for the period		(49,220	)		(37,593	)		(15,979	)		(20,746	)
Cash flows excluded from profit attributable to operating activities interest paid on borrowings		3,400			8,792			6,238			10,182
Non-cash flows in profit:
- depreciation and amortisation expense		2,382			3,030			1,842			3,516
- impairment expense		8,173			1,914			292			2,157
- fair value gain/(loss) on Convertible Notes derivative		775			(2,393	)		592			-
Changes in assets and liabilities:
- (increase) in trade and other receivables		14,267			14,925			(4,748	)		(6,518	)
- (increase) in current tax receivables		(355	)		52			35			(88	)
- (increase)/decrease in derivative assets		-			-			-			(2,289	)
- (increase)/decrease in inventories		13,350			6,638			(179	)		8,088
- (increase)/decrease in deferred tax asset/(liability)		(692	)		-			-			5,589
- (increase)/decrease in related party receivables		6,531			(906	)		(3,438	)		(5,603	)
- (increase)/decrease in trade and other payables		(5,681	)		6,956			2,078			(11,113	)
- (increase)/decrease in income taxes payable		226			152			635			(483	)
- (increase)/decrease in provisions		(522	)		39			367			311
- (increase)/decrease in foreign currency derivative liability		(1,712	)		(5,104	)		(1,343	)		5,530
- net exchange differences		(355	)		(618	)		90			1,849
Cashflows from operations		(9,434	)		(4,116	)		(13,518	)		(5,040	)

Document and Entity Information - shares	12 Months Ended
Document and Entity Information - shares	Jan. 31, 2019	Jun. 12, 2019
Document And Entity Information
Entity Registrant Name	NAKED BRAND GROUP Ltd
Entity Central Index Key	0001707919
Document Type	20-F/A
Document Period End Date	Jan. 31, 2019
Amendment Flag	true
Amendment Description	On October 10, 2019, following the approval of our audit committee, we engaged BDO Audit Pty Ltd ("BDO") as the principal accountant to audit the Company's financial statements, which engagement was approved by our shareholders at our annual general meeting held on December 16, 2019. BDO has re-audited our financial statements for the fiscal years ended January 31, 2019 and 2018 and for the seven months ended January 31, 2017. This Form 20-F/A is being filed by us as Amendment No. 1 to our annual report on Form 20-F for the fiscal year ended January 31, 2019, as filed with the Securities and Exchange Commission on June 14, 2019 (the "Original Form 20-F"), solely for the purpose of: amending and restating Items 17 and 18 to include our consolidated financial statements as re-audited by BDO. The only changes to our consolidated financial statements were to update Note 2(a) thereto ("Going Concern") and Note 36 ("Events occurring after the reporting date") to reflect events that occurred after June 20, 2019, the date the consolidated financial statements were initially issued; and amending and restating Item 5 to reflect the changes to Note 2(a) and Note 36 to our consolidated financial statements. Other than as stated above, this Form 20-F/A does not amend, update or restate the information in any other item of the Form 20-F as originally filed on June 14, 2019 or reflect any events that have occurred after the original filing of the Form 20-F on June 14, 2019. Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended, this Form 20-F/A also contains new certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. On December 20, 2019, we completed a reverse stock split of our ordinary shares, pursuant to which every 100 ordinary shares outstanding as of the effective time of the reverse stock split were combined into one ordinary share. All share and per share information in this MD&A is presented on a pre-reverse split basis.
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,487,636
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Capital and Leasing Commitments

12 Months Ended

Jan. 31, 2019

Disclosure of capital and leasing commitments [Abstract]

Capital and Leasing Commitments

25	Capital and Leasing Commitments

(a)

Operating Leases

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
Minimum lease payments under non-cancellable operating lease
- not later than one year		8,533		9,618		9,472
- between one year and five years		18,039		14,943		14,435
- later than five years		1,485		528		59
		28,058		25,089		23,966

Operating leases are in place for leased premises and vehicles, and normally have a term between 1 and 11 years. Lease payments are increased on an annual basis to reflect market rentals.

(b)

Contracted Commitments

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
Licence contract
- not later than one year		4,286		3,797		3,652
- between one year and five years		8,696		12,009		15,917
- later than five years		-		-		-
		12,982		15,806		19,569

The Group has an exclusive licence to use the trademark and name Heidi Klum in the manufacture, promotion, sale and distribution of product. The contract was executed on 26 September 2014 and commenced on 1 January 2015. The contract has a 7 year term with no rights to renew. Licence royalties are calculated based on net sales, and the minimum guarantee payments payable by the Group are set out above.

Property, Plant and Equipment

12 Months Ended

Jan. 31, 2019

Disclosure of detailed information about property, plant and equipment [abstract]

Property, Plant and Equipment

14	Property, plant and equipment

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
Plant, furniture, fittings and motor vehicles
At cost		25,666			27,801			25,455
Accumulated depreciation		(25,168	)		(25,789	)		(23,182	)
		499			2,013			2,273

Leasehold improvements
At cost		12,035			10,762			10,132
Accumulated depreciation		(8,770	)		(8,034	)		(7,441	)
		3,264			2,728			2,691
Total property, plant and equipment		3,763			4,741			4,964

	(a) Movements in carrying amounts of property, plant and equipment

	Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial period:

Leasehold improvements
NZ $000’s

Plant, furniture,
fittings and
motor vehicles
NZ $000’s

Total
NZ $000’s

Year ended 31 January 2019

Balance at the beginning of the period

2,728

2,013

4,741

Additions

1,501

1,084

2,585

Disposals

(105

)

(2,736

)

(2,841

)

Depreciation expense

(982

)

(1,170

)

(2,151

)

Impairment

(239

)

(239

)

Foreign exchange movements

121

1,547

1,668

Balance at the end of the year

3,264

499

3,763

	Leasehold improvements NZ $000’s			Plant, furniture, fittings and motor vehicles NZ$000’s			Total NZ $000’s
Year ended 31 January 2018
Balance at the beginning of the period		2,691			2,273			4,964
Additions		285			2,032			2,317
Disposals		(4	)		(118	)		(122	)
Depreciation expense		(496	)		(2,228	)		(2,724	)
Foreign exchange movements		253			54			306
Balance at the end of the year		2,728			2,013			4,741

	Leasehold improvements NZ $000’s			Plant, furniture, fittings and motor vehicles NZ$000’s			Total NZ $000’s
7 months ended 31 January 2017
Balance at the beginning of the year		2,795			3,414			6,209
Additions		241			482			723
Depreciation expense		(296	)		(1,368	)		(1,664	)
Impairment		-			(281	)		(281	)
Foreign exchange movements		49			26			75
Balance at the end of the year		2,691			2,273			4,964

	The group is currently assessing the impact of IFRS 16 Leases and believes adoption of the provisions of this standard will have a material impact on the Group’s consolidated financial statements

	IFRS16 Leases will require that the group record a liability and a related asset on the balance sheet for our leased facilities

Financial Risk Management (Details Narrative)	12 Months Ended
Financial Risk Management (Details Narrative)	Jan. 31, 2019
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Description of foreign exchange rate	It assumes a 10% change of the New Zealand Dollar / Australian Dollar exchange rate for the year ended 31 January 2019 (31 January 2018: 10%, 31 January 2017: 10%). A 10% change is considered for the New Zealand Dollar / US Dollar exchange rate (31 January 2018: 10%, 31 January 2017: 10%). A 10% change is considered for the New Zealand Dollar / GB Pound exchange rate (31 January 2018: 10%, 31 January 2017: 10%). A 10% change is considered for the New Zealand Dollar / Euro exchange rate (31 January 2018: 10%, 31 January 2017: 10%). All of these percentages have been determined based on the average market volatility in exchange rates in the previous 12 months.
AUD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Closing foreign exchange rate	0.9513
US [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Closing foreign exchange rate	0.6903
GBP [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Closing foreign exchange rate	0.5265
EUR [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Closing foreign exchange rate	0.6008
HKD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Closing foreign exchange rate	5.4138

Loss Per Share - Disclosure of Detailed Information About Earning Loss Per Share (Details) $ in Thousands	7 Months Ended		12 Months Ended
	Jan. 31, 2017 NZD ($) shares	Jan. 31, 2017 $ / shares	Jan. 31, 2019 NZD ($) shares	Jan. 31, 2019 $ / shares	Jan. 31, 2018 NZD ($) shares	Jan. 31, 2018 $ / shares	Jun. 30, 2016 NZD ($) shares	Jun. 30, 2016 $ / shares
Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:
From continuing operations attributable to the ordinary equity holders of the company		$ (0.82)		$ (2.01)		$ (1.79)		$ (1.13)
Total basic and diluted loss per share attributable to the ordinary equity holders of the company		$ (0.82)		$ (2.01)		$ (1.79)		$ (1.13)
Profit/(loss) attributable to the ordinary equity holders of the company used in calculating basic earnings per share \| $	$ (16,008)		$ (49,227)		$ (37,445)		$ (20,715)
Weighted average number of ordinary shares used as the denominator in calculating basic and diluted loss per share \| shares	19,404,681		24,379,019		20,915,036		18,345,000

Provisions - Disclosure of Detailed Information About Reconciliation of Changes in Other Provisions (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
DisclosureOfProvisionsLineItems [Line Items]
Opening balance	$ 3,410	$ 3,815	$ 3,777
Additional provisions recognised	1,006	1,054	1,230
Unused amounts reversed	(112)	(600)	(658)
Unwinding of discounts	(9)	(84)	271
Amounts used during the year	(499)	(774)	(913)
Exchange differences	(19)	(118)	108
Ending Balance	3,777	3,294	3,815
Lease Contributions Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Opening balance	1,318	1,321	1,182
Additional provisions recognised	145	337	635
Unused amounts reversed
Unwinding of discounts
Amounts used during the year	(269)	(510)	(547)
Exchange differences	(12)	(62)	50
Ending Balance	1,182	1,086	1,321
Onerous Contracts Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Opening balance	275	264	553
Additional provisions recognised	508
Unused amounts reversed
Unwinding of discounts
Amounts used during the year	(230)	(264)	(289)
Exchange differences			0
Ending Balance	553		264
Make Good Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Opening balance	1,817	2,230	2,042
Additional provisions recognised	353	717	595
Unused amounts reversed	(112)	(600)	(658)
Unwinding of discounts	(9)	(84)	271
Amounts used during the year			(77)
Exchange differences	(7)	(56)	58
Ending Balance	$ 2,042	$ 2,208	$ 2,230

Summary of Significant Accounting Policies (Details Narrative) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
SummaryOfSignificantAccountingPoliciesLineItems [Line Items]
Loss for the period	$ (15,979)	$ (49,220)	$ (37,593)	$ (20,746)
Cash flows from (used in) operating activities	(13,518)	(9,434)	(4,116)	(5,040)
Net current liability		29,426	20,752
Assets (liabilities)	(9,043)	10,519	(5,710)
Non-trading costs		10,075
Negative working capital		24,000
Decrease in inventory	$ (179)	13,350	$ 6,638	$ 8,088
Short-term debt		1,159
Increase in capital		12,179
Amount of capital raise in planning		$ 19,409
Bank Facilities [Member]
SummaryOfSignificantAccountingPoliciesLineItems [Line Items]
Facility description		Renegotiating the current bank facilities of NZ$20 million to a facility that is at least a 12 month facility.
March 2019 and 31 January 2020 [Member]
SummaryOfSignificantAccountingPoliciesLineItems [Line Items]
Increase in capital		$ 324,000
Bottom of Range [Member]
SummaryOfSignificantAccountingPoliciesLineItems [Line Items]
Useful lives or amortisation rates, intangible assets other than goodwill		5 years
Top of Range [member]
SummaryOfSignificantAccountingPoliciesLineItems [Line Items]
Useful lives or amortisation rates, intangible assets other than goodwill		50 years
Bank Borrowing Facility Agreement [Member]
SummaryOfSignificantAccountingPoliciesLineItems [Line Items]
Short-term debt		$ 38,489
Increase in capital		15,000
Bank Borrowing Facility Agreement [Member] \| Bottom of Range [Member]
SummaryOfSignificantAccountingPoliciesLineItems [Line Items]
Short-term debt		$ 20,000

Trade and Other Receivables - Schedule of Trade and Other Receivables (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Trade and other receivables [abstract]
Trade receivables	$ 7,789	$ 9,982	$ 26,499
Provision for impairment	(609)	(326)	(537)
Trade Receivables Net	7,180	9,656	25,962
Prepayments	2,288	1,792	1,779
Other receivables	183	1,717	349
Total current trade and other receivables	$ 9,650	$ 13,165	$ 28,090

Borrowings (Details Narrative)			7 Months Ended	12 Months Ended
Borrowings (Details Narrative)	Jun. 19, 2018 NZD ($) shares	Jun. 19, 2018 USD ($) shares	Jan. 31, 2017 NZD ($)	Jan. 31, 2019 NZD ($)	Jan. 31, 2019 USD ($)	Jan. 31, 2018 NZD ($)	Jun. 13, 2018 NZD ($)
DisclosureOfBorrowingsLineItems [Line Items]
Notional amount
Borrowings converted amount	$ 4,200,000			1,420,000
Current shareholder loans			$ 8,200,000			$ 10,951,000
Convertible notes converted into ordinary shares \| shares	16,408	16,408
Current borrowing amount				$ 1,159,000
US [Member]
DisclosureOfBorrowingsLineItems [Line Items]
Borrowings converted amount		$ 2,800,000			$ 1,000,000
Naked Brand Group Limited [Member]
DisclosureOfBorrowingsLineItems [Line Items]
Increase decrease in shares through conversion of convertible instruments, equity \| shares	24,221	24,221
Borrowings converted amount	$ 12,244,208
Bank of New Zealand [Member]
DisclosureOfBorrowingsLineItems [Line Items]
Description of borrowings				Under the terms of the major borrowing facility, the facility is subject to four undertakings being: Interest cover ratio of three times that is first tested as at 30 April 2019; gross EBITDA ratio measured to 3 months to September 2018 had to be greater than $0, six months to 30 December 2018 is greater than $3 million; inventory and receivables ratio must be greater than 2 times being first measured as at 30 September 2018; and the actual sales and gross margin must not vary by more than 10% from the budget submitted to the Bank.	Under the terms of the major borrowing facility, the facility is subject to four undertakings being: Interest cover ratio of three times that is first tested as at 30 April 2019; gross EBITDA ratio measured to 3 months to September 2018 had to be greater than $0, six months to 30 December 2018 is greater than $3 million; inventory and receivables ratio must be greater than 2 times being first measured as at 30 September 2018; and the actual sales and gross margin must not vary by more than 10% from the budget submitted to the Bank.
Term Loan Facility [Member]
DisclosureOfBorrowingsLineItems [Line Items]
Notional amount				$ 20,000,000
Borrowings, maturity date				Jun. 14, 2019	Jun. 14, 2019
Borrowings, interest rate				5.57%		5.55%
Term Loan Facility [Member] \| Bank of New Zealand [Member]
DisclosureOfBorrowingsLineItems [Line Items]
Notional amount						$ 38,489,428	$ 20,000,000
New Term Loan Facility [Member] \| Bank of New Zealand [Member]
DisclosureOfBorrowingsLineItems [Line Items]
Notional amount							$ 1,345,000
Shareholder loan [Member]
DisclosureOfBorrowingsLineItems [Line Items]
Borrowings, interest rate				30.00%		30.00%
Interest costs capitalised			$ 3,040,000	$ 1,062,000		$ 2,807,000

Consolidated Balance Sheets - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 1,962	$ 10,739	$ 2,644
Trade and other receivables	9,650	13,165	28,090
Inventories	21,120	31,113	37,751
Current tax receivable	355		52
Related party receivables	282	15,326	13,051
TOTAL CURRENT ASSETS	33,370	70,343	81,588
NON-CURRENT ASSETS
Property, plant and equipment	3,763	4,741	4,964
Deferred tax assets	692
Intangible assets	37,864	13,012	14,680
TOTAL NON-CURRENT ASSETS	42,319	17,753	19,644
TOTAL ASSETS	75,688	88,096	101,232
CURRENT LIABILITIES
Trade and other payables	35,545	32,516	28,565
Borrowings	20,967	52,121	68,998
Foreign currency derivative financial instruments	1,484	2,087	4,188
Derivative on Convertible Notes		1,110	4,112
Current tax liabilities	140	786
Related party payables	3,738	1,369	635
Provisions	921	1,106	1,528
TOTAL CURRENT LIABILITIES	62,795	91,095	108,026
NON-CURRENT LIABILITIES
Provisions	2,372	2,711	2,249
TOTAL NON-CURRENT LIABILITIES	2,372	2,711	2,249
TOTAL LIABILITIES	65,167	93,806	110,275
NET ASSETS/(LIABILITIES)	10,519	(5,710)	(9,043)
EQUITY
Share capital	134,183	68,727	27,948
Other reserves	(2,013)	(2,006)	(2,154)
Accumulated profit/(losses)	(121,651)	(72,431)	(34,838)
TOTAL EQUITY	$ 10,519	$ (5,710)	$ (9,044)

Provisions - Disclosure of Detailed Information About Provisions (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
DisclosureOfProvisionsLineItems [Line Items]
Current provisions	$ 921	$ 1,106	$ 1,528
Non-current provisions	2,372	2,711	2,249
Lease Contributions Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Current provisions	179	412	480
Non-current provisions	906	910	702
Onerous Contracts Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Current provisions		264	377
Non-current provisions			176
Make Good Provision [Member]
DisclosureOfProvisionsLineItems [Line Items]
Current provisions	742	430	671
Non-current provisions	$ 1,466	$ 1,801	$ 1,371

Basis of Preparation

12 Months Ended

Jan. 31, 2019

Basis Of Preparation

Basis of Preparation

1	Basis of Preparation

	These general purpose financial statements have been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board and the Corporations Act 2001. Naked Brand Group Limited is a for-profit entity for the purpose of preparing the financial statements.

	The consolidated financial statements of the Group also complies with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB).

	Naked Brand Group Limited (The Group) acquired all the share capital of Bendon Limited as part of a corporate reorganization on 19 June 2018. Following the reorganization, Naked Brand Group Limited completed a merger with Naked Brand Group Inc. which for accounting purposes was treated as an acquisition such that Naked brand group limited is deemed the accounting acquirer of the Naked Brand Group Inc. The reorganization of the ownership of Bendon Limited results in the financial statements of the consolidated Naked Brand Group Limited being a continuation of the Bendon Limited financial statements. The consolidated financial report of Naked Brand Limited represents a full year of Bendon Limited’s financial results plus Naked Brand Group Inc. from the date of acquisition being 19 June 2018 to 31 January 2019. The comparative period represents Bendon Limited and its controlled entities only.

	(a)	Historical cost convention

		The financial statements are based on historical costs, except for the measurement at fair value of selected financial assets and financial liabilities.

Fair Value Measurement

12 Months Ended

Jan. 31, 2019

Fair Value Measurement

Fair Value Measurement

32	Fair Value Measurement

The Group measures the following assets and liabilities at fair value on a recurring basis:

●	Financial assets - derivative financial instruments
●	Financial liabilities - derivative financial instruments

Fair value hierarchy

All assets and liabilities measured at fair value to be assigned to a level in the fair value hierarchy as follows:

Level 1		Unadjusted quoted prices in active markets for identical assets or liabilities that the entity can access at the measurement date.
Level 2		Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3		Unobservable inputs for the asset or liability.

The table below shows the assigned level for each asset and liability held at fair value by the Group:

Level 1
NZ$000’s

Level 2
NZ$000’s

Level 3
NZ$000’s

Total

31 January 2019

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

1,484

Derivative on Convertible Notes

31 January 2018

Recurring fair value measurements

Financial assets

Foreign exchange contracts

Financial liabilities

Foreign exchange contracts

2,087

Derivative on Convertible Notes

1,110

31 January 2017
Recurring fair value measurements

Financial assets
Foreign exchange contracts	-	-	-	-

Financial liabilities
Foreign exchange contracts	-	4,188	-	4,188
Derivative on Convertible Notes	-	-	4,112	4,112

There were no transfers between levels during the financial periods.

The carrying amount of trade and other receivables and trade and other payables are assumed to approximate their fair values due to their short term nature. Bank loans approximate fair value of the carrying amount on the basis of the variable nature of the interest rates associated with the

Valuation techniques for fair value measurements categorised within level 2

The fair value of derivative financial instruments is determined using valuation techniques which maximise the use of observable market data where it is available and relies as little as possible on entity specific estimates.

Valuation techniques for fair value measurements categorised within level 3

The fair value of the derivative on convertible notes has been determined using a Black Scholes model. Measurement inputs include share price on measurement date, expected term of the instrument, risk free rate, expected volatility and expected dividend rate. The Group used valuations specialists to perform these valuations.

Fair value measurements using significant unobservable movements (level 3)

The following table presents the changes in level 3 instruments for the year ended 31 January 2019.

	Convertible note liability NZ$000’s
Balance at 31 January 2018		1,110
Changes in fair value
Conversion		(1,110	)
Balance at 31 January 2019		-

Borrowings

12 Months Ended

Jan. 31, 2019

Borrowings - Disclosure Of Detailed Information About Borrowings

Borrowings

19	Borrowings

	Note	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
CURRENT
Secured liabilities:
Bank overdraft			-			-			-
Shareholder loans			-			10,951			8,200
Leased liability			-			-			-
Bank Loans			20,000			16,000			16,000
Debt issuance costs in relation to bank loan			(270	)		(218	)		(656	)
Working capital financing bank facility			-			22,489			31,710
Convertible notes			-			1,740			13,744
Other loan			1,236			1,159			-
			20,967			52,121			68,998

	The fair value of borrowings is not considered to be materially different to their carrying amounts.

	(a) Assets pledged as security:

	Borrowings are secured by a fixed and floating charge over the assets of the consolidated entity. The lease liabilities are effectively secured as the rights to the leased assets, recognised in the balance sheet, revert to the lessor in the event of default.

	(b) Bank overdrafts and bank loans

	On 27 June 2016, all banking facilities were repaid and a new banking arrangement with BNZ commenced. BNZ has a first ranking charge over all assets of the Bendon Limited group.

	The new debt arrangement entered into on 27 June 2016 includes a term loan facility and interchangeable (working capital) loan facility.

	On 13 June 2018, the Company entered into a Deed of Amendment with BNZ to reduce the facility to NZD$20,000,000 (31 January 2018: NZD$38,489,428). In addition the new facility takes over guarantees and financial instruments totalling NZD$1,345,000.

	The term loan facility of NZD$20,000,000 is repayable on 14 June 2019. The current interest rate on this loan is 5.57% (31 January 2018: 5.55%) per annum. There has been a breach of covenant during the period.

	Bank of New Zealand has the first ranking charge over all assets of Naked Brand Group Limited. Under the terms of the major borrowing facility, the facility is subject to four undertakings being: Interest cover ratio of three times that is first tested as at 30 April 2019; gross EBITDA ratio measured to 3 months to September 2018 had to be greater than $0, six months to 30 December 2018 is greater than $3 million; inventory and receivables ratio must be greater than 2 times being first measured as at 30 September 2018; and the actual sales and gross margin must not vary by more than 10% from the budget submitted to the Bank.

	(c) Shareholder loan - Related party

	On 19 June 2018, Naked Brand Group Limited issued additional 24,221 Naked shares to the shareholders as part of an agreement to convert a portion of the outstanding liability (Debt) to equity. The amount of debt converted on this date amounted to a fair value of $12,244,208. After this conversion, the shareholder loan is fully converted to equity and the outstanding balance as at 31 January 2019 is nil (31 January 2018: $10,951,295).

	The interest rate on the shareholder loans up to the date of conversion was 30% (31 January 2018: 30%) and was increased at the end of 2014, and was capitalised quarterly. Total interest capitalised during the year ended 31 January is $1.062 million (year ended 31 January 2018: $2.807 million, 7 months to 31 January 2017 is $3.040 million).

	(d) Convertible Notes

	On 19th June 2018, the holders of USD$2.8m (NZ$4.2m) of convertible notes converted to 16,408 Bendon ordinary shares. The holder of US$1.0m (NZ$1.42m) of convertible notes elected for their convertible note to be repaid at a future date as agreed. The amount owing has been classified as a current borrowing and amounted to $1.159 million as at 31 January 2019.

	(e) Loan covenants

	As at 31 January 2019, there was a breach of the minimum Gross EBITDA ratio and a breach of the Inventory and Receivables ratio. The Bank has advised that they are currently taking these Breaches under review.

	(f) Other loan

	The other loan is convertible note which the note holder elected not to convert. This loan is payable at a future date to be agreed.

Financial Risk Management

12 Months Ended

Jan. 31, 2019

Disclosure of Financial Risk Management [Abstract]

Financial Risk Management

27	Financial Risk Management

The Group is exposed to a variety of financial risks through its use of financial instruments.

The Group’s overall risk management plan seeks to minimise potential adverse effects due to the unpredictability of financial markets.

The most significant financial risks to which the Group is exposed to are described below:

Specific risks

	●	Liquidity risk
	●	Credit risk
	●	Market risk - currency risk, interest rate risk and price risk

Financial instruments used

The principal categories of financial instrument used by the Group are:

	●	Trade receivables
	●	Cash at bank
	●	Bank overdraft
	●	Trade and other payables
	●	Floating rate bank loans
	●	Forward currency contracts
	●	Shareholders loan

Objectives, policies and processes

The Board of Directors receives overall responsibility for the establishment of the Group’s financial risk management framework. This includes the development of policies covering specific areas such as foreign exchange risk, interest rate risk, credit risk and the use of derivatives.

Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Group’s activities.

The day-to-day risk management is carried out by the Group’s finance function under policies and objectives which have been approved by the Board of Directors.

Objectives, policies and processes

Mitigation strategies for specific risks faced are described below:

Liquidity risk

Liquidity risk arises from the Group’s management of working capital and the finance charges and principal repayments on its debt instruments. It is the risk that the Group will encounter difficulty in meeting its financial obligations as they fall due.

The Group’s policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities as and when they fall due.

The Group manages its liquidity needs by carefully monitoring scheduled debt servicing payments for long term financial liabilities as well as cash outflows due in day to day business.

The timing of cash flows presented in the table to settle financial liabilities reflects the earliest contractual settlement dates and does not reflect management’s expectations that banking facilities will be rolled forward. The amounts disclosed in the table are the undiscounted contracted cash flows and therefore the balances in the table may not equal the balances in the consolidated balance sheets due to the effect of discounting.

The Group’s liabilities have contractual maturities which are summarised below:

	Non-derivatives Borrowings NZ$000’s		Non-derivatives Trade paybles 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 2019		1,329		23,580		24,908		18,325		(19,212	)		(887	)
31 January 2018		24,677		21,143		45,820		13,577		(13,950	)		(373	)
31 January 2017		56,333		19,221		75,554		2,078		(2,250	)		(172	)

1 to 3 months
31 January 2019		184		-		184		9,610		(10,061	)		(451	)
31 January 2018		148		-		148		13,836		(14,453	)		(617	)
31 January 2017		129		-		129		9,900		(11,326	)		(1,426	)

3 months to 1 year
31 January 2019		20,184		-		20,184		4,976		(5,121	)		(145	)
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	)

1 to 5 years
31 January 2019		-		-		-		-		-			-
31 January 2018		-		-		-		-		-			-
31 January 2017		323		-		323		-		-			-

Total
31 January 2019		21,697		23,580		45,277		32,912		(34,395	)		(1,483	)
31 January 2018		52,072		21,143		73,215		48,308		(50,396	)		(2,088	)
31 January 2017		75,416		19,221		94,637		49,833		(54,021	)		(4,188	)

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in a financial loss to the Group.

Credit risk arises from cash and cash equivalents, derivative financial instruments, as well as credit exposure to wholesale and retail customers, including outstanding receivables and committed transactions.

Trade receivables and contract assets

Trade receivables consist of a large number of customers, spread across diverse industries and geographical areas. Ongoing credit evaluation is performed on the financial condition of accounts receivable.

The Group has adopted a policy of only dealing with creditworthy counterparties as a means of mitigating the risk of financial loss from defaults. The utilisation of credit limits by customers is regularly monitored by line management. Customers who subsequently fail to meet their credit terms are required to make purchases on a prepayment basis until creditworthiness can be re established.

Management considers that all the financial assets that are not impaired for each of the reporting dates under review are of good credit quality, including those that are past due.

The Group has no significant concentration of credit risk with respect to any single counterparty or group of counterparties.

The credit risk for liquid funds and other short-term financial assets is considered negligible, since the counterparties are reputable banks with high quality external credit ratings.

On a geographical basis, the Group has significant credit risk exposures in New Zealand, Australia, United States and United Kingdom given the substantial operations in those regions.

The credit quality of financial assets that are neither past due nor impaired can be assessed by reference to external credit ratings if available or historical information about counterparty default rate.

	31 January 2019		31 January 2018		31 January 2017
	NZ $000’s		NZ $000’s		NZ $000’s
Trade receivables
Counterparty without external credit ratings
New customer less than 6 months		42		12		187
Existing customers (more than 6 months with default in past)		7,747		9,970		26,312
Total trade receivables		7,789		9,982		26,499

	31 January 2019		31 January 2018		31 January 2017
	NZ $000’s		NZ $000’s		NZ $000’s
Credit ratings
AA-		1,915		10,591		265
A+		-		94		(11	)
		1,915		10,685		254

The Group has no significant concentration of credit risk with respect to any single counterparty or group of counterparties.

Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices.

(i) Foreign exchange risk

Exposure to foreign exchange risk may result in the fair value or future cash flows of a financial instrument fluctuating due to movement in foreign exchange rates of currencies in which financial instruments are held in currencies other than the functional currency.

Exposures to currency exchange rates arise from overseas sales and purchases, which are primarily denominated in currencies other than the functional currency, in particular USD.

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

	AUD NZ$000’s		USD NZ$000’s		GBP NZ$000’s		EUR NZ$000’s		HKD NZ$000’s		Total NZ$000’s
31 January 2019
Trade receivables		51		42		-		285		-		378
Trade payables		1		9,035		8		61		7		9,111
Cash and cash equivalents		623		149		38		8		11		829

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		9,185

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

The following table illustrates the sensitivity of the net result for the year and equity in regards to the Group’s financial assets and financial liabilities and the US dollar New Zealand Dollar, Australian Dollar New Zealand Dollar, GB Pound New Zealand Dollar, Euro New Zealand Dollar, and Hong Kong Dollar New Zealand Dollar exchange rates. There have been no changes in the assumptions calculating this sensitivity from prior years.

It assumes a 10% change of the New Zealand Dollar / Australian Dollar exchange rate for the year ended 31 January 2019 (31 January 2018: 10%, 31 January 2017: 10%). A 10% change is considered for the New Zealand Dollar / US Dollar exchange rate (31 January 2018: 10%, 31 January 2017: 10%). A 10% change is considered for the New Zealand Dollar / GB Pound exchange rate (31 January 2018: 10%, 31 January 2017: 10%). A 10% change is considered for the New Zealand Dollar / Euro exchange rate (31 January 2018: 10%, 31 January 2017: 10%). All of these percentages have been determined based on the average market volatility in exchange rates in the previous 12 months.

The year end rate is 0.9513 AUD, 0.6903 USD, 0.5265 GBP, 0.6008 EUR and 5.4138 HKD.

The sensitivity analysis is based on the foreign currency financial instruments held at the reporting date and also takes into account forward exchange contracts that offset effects from changes in currency exchange rates.

If the New Zealand Dollar had strengthened and weakened against the Australian Dollar, US Dollar, GB Pound, Euro and HK Dollar by 10% (31 January 2018: 10%, 31 January 2017: 10%) and 10% (31 January 2018: 10%, 31 January 2017: 10%) respectively then this would have had the following impact:

	NZ$000’s
	+10%			-10%
USD
Net results/Equity (31 January 2018)		(954	)		954
Net results/Equity (31 January 2017)		(1,509	)		1,509
Net results/Equity (30 June 2016)		(1,196	)		1,196

AUD
Net results/Equity (31 January 2018)		(5	)		5
Net results/Equity (31 January 2017)		(805	)		805
Net results/Equity (30 June 2016)		86			(86	)

GBP
Net results/Equity (31 January 2018)		(1	)		1
Net results/Equity (31 January 2017)		(175	)		175
Net results/Equity (30 June 2016)		34			(34	)

EUR
Net results/Equity (31 January 2018)		(32	)		32
Net results/Equity (31 January 2017)		(136	)		136
Net results/Equity (30 June 2016)		186			(186	)

HKD
Net results/Equity (31 January 2018)		(1	)		1
Net results/Equity (31 January 2017)		(14	)		14
Net results/Equity (30 June 2016)		1			(1	)

Exposures to foreign exchange rates vary during the year depending on the volume of overseas transactions. Nonetheless, the analysis above is considered to be representative of the Group’s exposure to foreign currency risk.

Forward exchange contracts

The Group has open forward exchange contracts at the end of the reporting period relating to highly probable forecast transactions and recognised financial assets and financial liabilities. These contracts commit the Group to buy specified amounts of foreign currencies in the future at specified exchange rates. The Group has a policy of requiring that forward exchange contracts be entered into where future commitments are entered into requiring settlement at a time in excess of 1 month but less than 1 year, to a value of approximately 75% total foreign exchange exposure. Contracts are taken out with terms that reflect the underlying settlement terms of the commitment to the maximum extent possible so that hedge ineffectiveness is minimised.

The following table summarises the notional amount of the Group’s commitments in relation to forward exchange contracts.

	Notional Accounts						Average Exchange Rate
	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s		31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
Buy USD/ sell NZD
Settlement
Less than 6 months		34,395		48,149		47,292		0.6620		0.7061		0.6687
6 months to 1 year		-		-		3,479		-		-		0.7186

Buy AUD/ sell NZD
Settlement
	NZ$000’s		NZ$000’s		NZ$000’s		$		$		$
Less than 6 months		-		2,247		2,250		-		0.8900		0.8890

Buy GBP/ sell NZD
Settlement
Less than 6 months	NZ$000’s		NZ$000’s		NZ$000’s		$		$		$
		-		-		1,000		-		-		0.5784

(ii) Interest rate risk

The Group is exposed to interest rate risk as funds are borrowed at floating and fixed rates. Borrowings issued at fixed rates expose the Group to fair value interest rate risk.

The Group’s policy is to minimise interest rate cash flow risk exposures on long term financing. Longer term borrowings are therefore usually at fixed rates. 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 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Floating rate instruments
Bank overdrafts		-		-		-
Working capital financing bank facility		-		22,489		31,710
Convertible notes		-		1,740		16,474
Borrowings		20,000		16,000		16,000
		20,000		40,229		64,184

The following table illustrates the sensitivity of the net result for the year and equity to a reasonably possible change in interest rates of +1.00%/ 1.00% (2018: +1.00%/ 1.00%, 2017: +1.00%/ 1.00%), with effect from the beginning of the year. These changes are considered to be reasonably possible based on observation of current market conditions and economist reports.

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%
Net results/Equity (31 January 2019)		200		(200	)
Net results/Equity (31 January 2018)		402		(402	)
Net results/Equity (31 January 2017)		642		(642	)

Cash and Cash Equivalents

12 Months Ended

Jan. 31, 2019

Cash and cash equivalents [abstract]

Cash and Cash Equivalents

11	Cash and Cash Equivalents

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Cash on hand		47		54		48
Cash at bank		1,915		10,685		2,596
		1,962		10,739		2,644

Contingencies - Schedule of Contingent Liabilities (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Landlords [Member]
Disclosure of contingent liabilities [line items]
Rental guarantees	$ 419	$ 419	$ 571
JP Morgan Chase Bank [Member]
Disclosure of contingent liabilities [line items]
Standby letter of credit	291	291	286
UK Customs Department [Member]
Disclosure of contingent liabilities [line items]
Guarantee	329	329	282
ANZ for Merchant Service [Member]
Disclosure of contingent liabilities [line items]
Guarantee	$ 172	$ 172

Provisions

12 Months Ended

Jan. 31, 2019

Provisions [abstract]

Provisions

20	Provisions

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
CURRENT
Lease contributions		179		412		480
Onerous contracts		-		264		377
Make good		742		430		671
		921		1,106		1,528

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
NON-CURRENT
Lease contributions		906		910		702
Onerous contracts		-		-		176
Make good		1,466		1,801		1,371
		2,372		2,711		2,249

Lease contributions
NZ $000’s

Onerous contracts
NZ $000’s

Make good
NZ $000’s

Total
NZ $000’s

Opening balance at 1 February 2018

1,321

264

2,230

3,815

Additional provisions recognised

337

717

1,054

Unused amounts reversed

(600

)

(600

)

Unwinding of discounts

(84

)

(84

)

Amounts used during the year

(510

)

(264

)

(774

)

Exchange differences

(62

)

(56

)

(118

)

Balance at 31 January 2019

1,086

2,208

3,294

	Lease contributions NZ $000’s			Onerous contracts NZ $000’s			Make good NZ $000’s			Total NZ $000’s
Opening balance at 1 February 2017		1,182			553			2,042			3,777
Additional provisions recognised		635			-			595			1,230
Unused amounts reversed		-			-			(658	)		(658	)
Unwinding of discounts		-			-			271			271
Amounts used during the year		(547	)		(289	)		(77	)		(913	)
Exchange differences		50			(0	)		58			108
Balance at 31 January 2018		1,321			264			2,230			3,815

	Lease contributions NZ $000’s			Onerous contracts NZ $000’s			Make good NZ $000’s			Total NZ $000’s
Opening balance at 1 February 2017		1,318			275			1,817			3,410
Additional provisions recognised		145			508			353			1,006
Unused amounts reversed		-			-			(112	)		(112	)
Unwinding of discounts		-			-			(9	)		(9	)
Amounts used during the year		(269	)		(230	)		-			(499	)
Exchange differences		(12	)		-			(7	)		(19	)
Balance at 31 January 2018		1,182			553			2,042			3,777

	Onerous contracts

	The onerous provision relates to a head office lease for which the space is not fully utilised. The provision is calculated using a pre-tax discount rate of 10.25% (2018: 11.4%, 2017: 11.4%).

	Make good

	In accordance with certain lease agreements, the Group must refurbish and restore the lease premises to a condition agreed with the landlord at the end of the lease term or as prescribed. The provision has been calculated using a pre-tax discount rate of 2% (2018: 2%, 2017: 2%), and other market assumptions and re-assessed annually.

	During the 2018 financial year an additional $595 thousand was recognised in relation to new retail leases in Australia. As a result of the new Auckland office lease, make good requirements were reversed.

Lessor Commitments - Disclosure of Finance Lease and Operating Lease by Lessor (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Disclosure of finance lease and operating lease by lessor [line items]
Total minimum lease payments	$ 934	$ 166	$ 1,579
Not Later than One Year [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Total minimum lease payments	441	166	503
Between One Year and Five Years [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Total minimum lease payments	493		1,076
Later than Five Years [Member]
Disclosure of finance lease and operating lease by lessor [line items]
Total minimum lease payments

Operating Segment

12 Months Ended

Jan. 31, 2019

Operating Segment

Operating Segment

10	Operating Segment

	Segment information

	Identification of reportable operating segments

	The consolidated entities’ Director examined the group’s performance from both sales channel and geographical perspective and identified seven reportable segments being Australia Retail, New Zealand Retail, Australia wholesale, New Zealand wholesale, US Wholesale, EU Wholesale and e-commerce.

	Australia retail

	This segment covers retail and outlet stores located in Australia.

	New Zealand retail

	This segment covers retail and outlet stores located in New Zealand.

	Australia wholesale

	This segment covers the wholesale of intimates apparel to customers based in Australia

	New Zealand wholesale

	This segment covers the wholesale of intimates apparel to customers based in New Zealand.

	US wholesale

	This segment covers the wholesale of intimates apparel to customers based in the United States of America.

	Europe wholesale

	This segment covers the wholesale of intimates apparel to customers based in Europe.

	Identification of reportable operating segments

	E-commerce

	This segment covers the group’s online retail activities. E commerce revenue for the periods ended 31 January 2019, 31 January 2018 and 31 January 2017 include revenue from a US brand called Fredericks of Hollywood for which Bendon Limited currently has a licence agreement.

	These operating segments are based on the internal reports that are reviewed and used by the Chief Executive Officer (who is identified as the Chief Operating Decision Makers (‘CODM’)) in assessing performance and in determining the allocation of resources.

	The CODM reviews underlying EBITDA (earnings before interest, tax, depreciation and amortisation). The accounting policies adopted for internal reporting to the CODM are consistent with those adopted in the financial statements.

	EBITDA is a financial measure which is not prescribed by IFRS and represents the profit adjusted for specific non cash and significant items. The directors consider EBITDA to reflect the core earnings of the consolidated entity.

	The information reported to the CODM is on a monthly basis.

	Other Costs and Business Activities

	Certain costs are not allocated to our reporting segment results, such as costs associated with the following:

	- Corporate overheads, which is responsible for centralized functions such as information technology, facilities, legal, finance, human resources, business development, and procurement. These costs also include compensation costs and other miscellaneous operating expenses not charged to our operating segments, as well as interest and tax income and expense.

	These costs are included with in “unallocated” segment in our segment performance.

	Other assets and liabilities

	We manage our assets and liabilities on a Group basis, not by segment. CODM does not regularly review any asset or liability information by segment and its preparation is impracticable. Accordingly, we do not report asset and liability information by segment.

	(a) Reconciliations

	Reconciliation of segment revenue to consolidated statements of profit or loss and other comprehensive income:

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s

Total segment revenue		136,844			156,311			113,031			176,145
Intersegment eliminations		(24,924	)		(24,923	)		(16,747	)		(32,855	)
Other revenue		-			-			-			7,710
Total revenue		111,920			131,388			96,284			151,000

	Reconciliation of segment EBITDA to the consolidated statements of 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 Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s

Segment EBITDA		(25,602	)		(24,053	)		(2,126	)		10,470
Income tax (expense)/benefit		1,274			(60	)		(865	)		(5,546	)
Other revenue								-			7,710
Any other reconciling items		(24,892	)		(13,481	)		(12,988	)		(33,380	)
Total net loss after tax		(49,220	)		(37,593	)		(15,979	)		(20,746	)

Any other reconciling items includes brand transition, finance expenses, impairment expense, depreciation and amortisation, fair value gain/loss on foreign exchange contracts, and unrealised foreign exchange gain/loss that cannot be allocated to segments.

	(b) 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 Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

New Zealand		40,747		46,665		30,676		62,109
Australia		32,065		38,208		32,913		53,193
United States		34,112		32,323		23,146		19,167
Europe		4,996		14,192		9,549		16,531
		111,920		131,388		96,284		151,000

The revenues resulting from the Naked business combination are included in the United States segment as shown above

(c) 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 year ended 31 January 2019
Revenue from external customers		31,801			18,547			7,154			11,491			5,798			4,996			32,133			-			111,920
Service income		-			-			-			-			-			-			-			-			-
		31,801			18,547			7,154			11,491			5,798			4,996			32,133			-			111,920

Cost of sales		(15,423	)		(9,192	)		(6,372	)		(8,498	)		(5,222	)		(4,490	)		(21,248	)		(4,034	)		(74,480	)
Gross margin		16,378			9,355			781			2,993			576			506			10,885			(4,034	)		37,440
Other segment expenses*		(13,537	)		(11,003	)		(912	)		(4,495	)		(2,724	)		(1,536	)		(11,248	)		-			(45,454	)
Unallocated expenses
Administrative expenses		-			-			-			-			-			-			-			(1,050	)		(1,050	)
Corporate expenses		-			-			-			-			-			-			-			(17,947	)		(17,947	)
Other foreign exchange gain/loss		-			-			-			-			-			-			-			1,409			1,409
EBITDA		2,842			(1,648	)		(130	)		(1,502	)		(2,148	)		(1,030	)		(363	)		(21,623	)		(25,602	)
Brand transition, restructure and transaction expenses		-			-			-			-			-			-			-			(10,075	)		(10,075	)
Finance expense		-			-			-			-			-			-			-			(4,041	)		(4,041	)
Impairment expense		-			-			-			-			-			-			-			(8,173	)		(8,173	)
Depreciation and amortisation		-			-			-			-			-			-			-			(2,382	)		(2,382	)
Fair value (gain)/loss on foreign exchange contracts		-			-			-			-			-			-			-			(1,704	)		(1,704	)
Unrealised foreign exchange gain/(loss)		-			-			-			-			-			-			-			2,258			2,258
Fair value gain/(loss) on Convertible Note derivative		-			-			-			-			-			-			-			(775	)		(775	)
Loss before income tax expense		2,842			(1,648	)		(130	)		(1,502	)		(2,148	)		(1,030	)		(363	)		(46,514	)		(50,494	)
Income tax expense		-			-			-			-			-			-			-			1,274			1,274
Loss after income tax expense		2,842			(1,648	)		(130	)		(1,502	)		(2,148	)		(1,030	)		(363	)		(45,240	)		(49,220	)

	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 year ended 31 January 2018
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 Note 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	)

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

	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 7 months ended 31 January 2017
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 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 year ended 30 June 2016
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.

Cash Flow Information - Schedule of Cash Flow Information (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Cash Flow Information
Loss for the period	$ (15,979)	$ (49,220)	$ (37,593)	$ (20,746)
Cash flows excluded from profit attributable to operating activities interest paid on borrowings	2,133	2,269	3,418	3,140
- depreciation and amortisation expense	1,842	2,382	3,030	3,516
- impairment expense	292	8,173	1,914	2,157
- fair value gain/(loss) on Convertible Notes derivative	592	775	(2,393)
- (increase) in trade and other receivables	(4,748)	14,267	14,925	(6,518)
- (increase) in current tax receivables	35	(355)	52	(88)
- (increase)/decrease in derivative assets				2,289
- (increase)/decrease in inventories	(179)	13,350	6,638	8,088
- (increase)/decrease in deferred tax asset/(liability)		(692)		5,589
- (increase)/decrease in related party receivables	(3,438)	6,531	(906)	(5,603)
- (increase)/decrease in trade and other payables	2,078	(5,681)	6,956	(11,113)
- (increase)/decrease in income taxes payable	635	226	152	(483)
- (increase)/decrease in provisions	367	(522)	39	311
- (increase)/decrease in foreign currency derivative liability	(1,343)	(1,712)	(5,104)	5,530
- net exchange differences	90	(355)	(618)	1,849
Cashflows from operations	$ (13,518)	$ (9,434)	$ (4,116)	$ (5,040)

Derivative Financial Instruments

12 Months Ended

Jan. 31, 2019

Derivative Financial Instruments

Derivative Financial Instruments

16	Derivative Financial Instruments

31 January 2019
NZ $000’s

31 January 2018
NZ $000’s

31 January 2017
NZ $000’s

Current liabilities

Forward exchange contracts

1,484

2,087

4,188

In order to mitigate exchange rate movements and to manage the inventory costing process, the Group has entered into forward currency contracts to purchase US dollars.

Consolidated Statements of Changes in Equity - NZD ($) $ in Thousands	Ordinary Shares [Member]	Retained Earnings/ (Accumulated Losses) [Member]	Foreign Currency Translation Reserve [Member]	Total
Balance at Jun. 30, 2015	$ 3,108	$ 1,887	$ (2,156)	$ 2,839
Loss for the year		(20,746)		(20,746)
Other comprehensive income loss for the year			31	31
Balance at Jun. 30, 2016	3,108	18,859	(2,125)	(17,876)
Loss for the year		(15,979)		(15,979)
Other comprehensive income loss for the year			(29)	(29)
Issuance new shares	24,840			24,840
Balance at Jan. 31, 2017	27,948	(34,838)	(2,154)	(9,044)
Loss for the year		(37,593)		(37,593)
Other comprehensive income loss for the year			148	148
Issuance new shares	22,990			22,990
Value of conversion rights - convertible notes	17,789			17,789
Balance at Jan. 31, 2018	68,727	(72,431)	(2,006)	(5,710)
Loss for the year		(49,220)		(49,220)
Other comprehensive income loss for the year			(7)	(7)
Issuance new shares	40,228			40,228
Value of conversion rights - convertible notes	4,159			4,159
Issuance new shares from business combination Naked	14,196			14,196
Issuance new shares from business combination FOH	6,873			6,873
Balance at Jan. 31, 2019	$ 134,183	$ (121,651)	$ (2,013)	$ 10,519

- Definition

The amount of residual interest in the assets of the entity after deducting all its liabilities.

+ References + Details

- Definition

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

+ Details

Derivative on Convertible Notes (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure Of Derivative On Convertible Notes [Abstract]

Disclosure of Detailed Information About Derivative on Convertible Notes

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Derivative on Convertible Notes		-		1,110		4,112

Trade and Other Payables - Disclosure of Detailed Information About Trade and Other Current Payables (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Trade And Other Payables
Trade payables	$ 23,580	$ 21,143	$ 19,221
Accruals	10,150	9,568	7,503
Employee benefits liabilities	1,815	1,805	1,842
Trade and other current payables	$ 35,545	$ 32,516	$ 28,565

Related Parties (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of transactions between related parties [abstract]

Disclosure of Transactions Between Related Parties

	Opening balance NZ$			Closing balance NZ$

Loans to related parties
Cullen Investments Limited - 31 January 2019		11,535,677			-
Cullen Investments Limited - 31 January 2018		13,051,321			11,535,677
Cullen Investments Limited - 31 January 2017		9,613,014			13,051,321
Whitespace Atelier Limited - 31 January 2019		272,665			281,714
Whitespace Atelier Limited - 31 January 2018		-			272,665
FOH Online Inc. - 31 January 2018		3,518,009			-
FOH Online Inc. - 31 January 2018		-			3,518,009

Loans from related parties
SBL Holdings - 31 January 2019		-			(1,448,646	)
Naked Inc. - 31 January 2019		(1,368,577	)		-
Naked Inc. - 31 January 2018		-			(1,368,577	)
Naked Inc. - 31 January 2017		-			-
EJ Watson - 31 January 2019					(2,289,212	)

Lessor Commitments (Details Narrative)	12 Months Ended
Lessor Commitments (Details Narrative)	Jan. 31, 2019
Disclosure of finance lease and operating lease by lessor [abstract]
Non-cancellable lease term description	The Group sub leases its US and Australian premises under a commercial lease. These non-cancellable leases have terms between 1 and 6 years.

Dividends (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of dividends [Abstract]

Disclosure of Detailed Information About Dividends Explanatory

31 January 2019
NZ $000’s

31 January 2018
NZ $000’s

31 January 2017
NZ $000’s

Australian franking credits available for subsequent financial years at a tax rate of 30%

3,995

3,995

3,757

New Zealand imputation credits available for subsequent financial years at a tax rate of 28%

236

236

235

Inventories

12 Months Ended

Jan. 31, 2019

Disclosure of inventories [Abstract]

Inventories

13	Inventories

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s

Finished goods		21,564			31,451			37,904
Provision for impairment		(444	)		(338	)		(153	)
		21,120			31,113			37,751

Write downs of inventories to net realisable value during the period were NZ$106,433 (2018: NZ$185,026, 2017: NZ$364,660).

Borrowings (Tables)

12 Months Ended

Jan. 31, 2019

Borrowings - Disclosure Of Detailed Information About Borrowings

Disclosure of Detailed Information About Borrowings

	Note	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
CURRENT
Secured liabilities:
Bank overdraft			-			-			-
Shareholder loans			-			10,951			8,200
Leased liability			-			-			-
Bank Loans			20,000			16,000			16,000
Debt issuance costs in relation to bank loan			(270	)		(218	)		(656	)
Working capital financing bank facility			-			22,489			31,710
Convertible notes			-			1,740			13,744
Other loan			1,236			1,159			-
			20,967			52,121			68,998

Reserves

12 Months Ended

Jan. 31, 2019

Disclosure of reserves within equity [abstract]

Reserves

22	Reserves

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
Foreign currency translation reserve
Opening balance		(2,006	)		(2,154	)		(2,125	)
Trasnfers in		(7	)		148			(29	)
Balance at the end of the year		(2,013	)		(2,006	)		(2,154	)

Foreign currency translation reserve

Exchange differences arising on translation of the foreign controlled entity are recognised in other comprehensive income - foreign currency translation reserve. The cumulative amount is reclassified to profit or loss when the net investment is disposed of.

Changes in Accounting Policies

12 Months Ended

Jan. 31, 2019

Changes In Accounting Policies

Changes in Accounting Policies

3	Changes in accounting policies

	This note explains the impact of the adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers on the group’s financial statements and also discloses the new accounting policies that have been applied from 1 February 2018, where they are different to those applied in prior periods.

	(a)	Impact on the financial statements

		There were no impacts on the Group’s accounting policies on adoption of IFRS 9 and IFRS 15, and no retrospective adjustments required either.

	(b)	IFRS 9 Financial Instruments – Accounting policies applied from 1 February 2018

		Impairment

		For trade receivables, the group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

	(c)	IFRS 15 Revenue from Contracts with Customers – Accounting policies

		(i) Sale of goods - wholesale

		The Group sells a range of lingerie products in the wholesale market. Sales are recognised when control of the products has transferred, being when the products are delivered to the wholesaler, the wholesaler has full discretion over the channel and price to sell the products, and there is no unfulfilled obligation that could affect the wholesaler’s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the wholesaler, and either the wholesaler has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the group has objective evidence that all criteria for acceptance have been satisfied.

		Revenue from these sales is recognised based on the price specified in the contract, net of the estimated volume discounts. The estimates of discount is based on the trading terms in the contracts, and revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. A refund liability (included in trade and other payables) is recognised for expected volume payable to customers in relation to sales made until the end of the reporting period. The Group’s obligation to provide a refund for faulty products under the standard trading terms is recognised as a provision.

		(ii) Sale of goods - retail/e-commerce

		The group operates a chain of retail stores and e-commerce websites selling lingerie products. Revenue from the sale of goods is recognised when a group entity sells a product to the customer.

		Payment of the transaction price is due immediately when the customer purchases the product. It is the group’s policy to sell its products to the end customer with a right of return within 30 days. Therefore, a refund liability (included in trade and other payables) and a right to the returned goods (included in inventory) are recognised for the products expected to be returned. Accumulated experience is used to estimate such returns at the time of sale at a portfolio level (expected value method). Because the number of products returned has been steady for years, it is highly probable that a significant reversal in the cumulative revenue recognised will not occur. The validity of this assumption and the estimated amount of returns are reassessed at each reporting date.

Property, Plant and Equipment - Disclosure of Detailed Information About Movements in Carrying Amounts of Property, Plant and Equipment (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
Disclosure of detailed information about property, plant and equipment [line items]
Balance at the beginning of the period	$ 6,209	$ 4,741	$ 4,964
Additions	723	2,585	2,317
Disposals		(2,841)	(122)
Depreciation expense	(1,664)	(2,151)	(2,724)
Impairment	(281)	(239)
Foreign exchange movements	75	1,668	306
Balance at the end of the year	4,964	3,763	4,741
Leasehold Improvements [member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at the beginning of the period	2,795	2,728	2,691
Additions	241	1,501	285
Disposals		(105)	(4)
Depreciation expense	(296)	(982)	(496)
Impairment
Foreign exchange movements	49	121	253
Balance at the end of the year	2,691	3,264	2,728
Plant, Furniture, Fittings and Motor Vehicles [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Balance at the beginning of the period	3,414	2,013	2,273
Additions	482	1,084	2,032
Disposals		(2,736)	(118)
Depreciation expense	(1,368)	(1,170)	(2,228)
Impairment	(281)	(239)
Foreign exchange movements	26	1,547	54
Balance at the end of the year	$ 2,273	$ 499	$ 2,013

Revenue and Other Income

12 Months Ended

Jan. 31, 2019

Revenue And Other Income

Revenue and Other Income

5	Revenue and Other Income

	Revenue from continuing operations

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s

Gross revenue		120,278			145,452			104,007			163,481
Rebates		(8,359	)		(14,064	)		(7,723	)		(12,481	)
		111,920			131,388			96,284			151,000

Sale of goods
- Retail		50,443			53,150			34,460			58,837
- Wholesale		29,394			45,901			43,379			77,729
- Online		32,082			32,234			18,157			6,724
		111,920			131,285			95,996			143,290
Services		-			-			-			7,702
Other income		-			103			288			8
		111,920			131,388			96,284			151,000

Sales of goods by geography
- New Zealand		40,791			46,665			30,676			62,109
- Australia		32,065			38,208			32,913			53,193
- United States		34,112			32,323			23,146			19,167
- Europe		4,996			14,192			9,549			16,531
		111,920			131,388			96,284			151,000

Other income relates to non-recurring advisory, managemen and design services provided to other third party intimates apparel brand owners.

All revenue is recognised at a point in time.

Trade and Other Payables (Tables)

12 Months Ended

Jan. 31, 2019

Trade And Other Payables

Disclosure of Detailed Information About Trade and Other Current Payables

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
CURRENT
Trade payables		23,580		21,143		19,221
Accruals		10,150		9,568		7,503
Employee benefits liabilities		1,815		1,805		1,842
		35,545		32,516		28,565

Operating Segments (Details Narrative)	12 Months Ended
Operating Segments (Details Narrative)	Jan. 31, 2019 Integer
Operating Segment
Number of reportable segments	7

Revenue and Other Income (Tables)

12 Months Ended

Jan. 31, 2019

Revenue And Other Income

Disclosure of Detailed Information About Revenue from Continuing Operations

Revenue from continuing operations

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s

Gross revenue		120,278			145,452			104,007			163,481
Rebates		(8,359	)		(14,064	)		(7,723	)		(12,481	)
		111,920			131,388			96,284			151,000

Sale of goods
- Retail		50,443			53,150			34,460			58,837
- Wholesale		29,394			45,901			43,379			77,729
- Online		32,082			32,234			18,157			6,724
		111,920			131,285			95,996			143,290
Services		-			-			-			7,702
Other income		-			103			288			8
		111,920			131,388			96,284			151,000

Sales of goods by geography
- New Zealand		40,791			46,665			30,676			62,109
- Australia		32,065			38,208			32,913			53,193
- United States		34,112			32,323			23,146			19,167
- Europe		4,996			14,192			9,549			16,531
		111,920			131,388			96,284			151,000

Loss Per Share (Details Narrative) - NZD ($)	Jan. 31, 2019	Jan. 31, 2018
Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:
Convertible notes amount

Loss Per Share

12 Months Ended

Jan. 31, 2019

Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:

Loss Per Share

23	Loss per Share

(a)

Basic and diluted loss per share

	For the Year Ended 31 January 2019 NZ$			For the Year Ended 31 January 2018 NZ$			For the 7 Months Ended 31 January 2017 NZ$			For the Year Ended 30 June 2016 NZ$

From continuing operations attributable to the ordinary equity holders of the company		(2.01	)		(1.79	)		(0.82	)		(1.13	)
Total basic and diluted loss per share attributable to the ordinary equity holders of the company		(2.01	)		(1.79	)		(0.82	)		(1.13	)

All convertible notes issued during the period are not included in the calculation of diluted loss per share because they are antidilutive in nature for the period ended 31 January 2018. These notes could potentially dilute earnings/loss per share in the future.

(b)

Reconciliation of loss used in calculating earnings per share

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$

Basic and diluted loss per share
Profit/(loss) attributable to the ordinary equity holders of the company used in calculating basic earnings per share:		(48,946	)		(37,445	)		(16,008	)		(20,715	)

(c)

Weighted average number of shares used as the denominator

31 January 2019 Number

31 January 2018 Number

31 January 2017 Number

30 June 2016 Number

Weighted average number of ordinary shares used as the denominator in calculating basic and diluted loss per share

24,379,019

20,915,036

19,404,681

18,345,000

* As a result of the merger between Bendon and Naked on 19 June 2018 the calculation of basic and diluted earnings per share for 2018 and 2017 has been adjusted retrospectively. Number of ordinary shares outstanding has been adjusted to reflect the proportionate change in the number of shares.

(d)

Information concerning the classification of securities

Convertible notes

At 31 January 2019, the Group had no convertible notes.

Inventories - Disclosure of Detailed Information About Inventories (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Disclosure of inventories [Abstract]
Finished goods	$ 21,564	$ 31,451	$ 37,904
Provision for impairment	(444)	(338)	(153)
Current inventories	$ 21,120	$ 31,113	$ 37,751

Dividends - Disclosure of Detailed Information About Dividends Explanatory (Details) (Parenthetical)	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
DisclosureOfDividendsLineItems [Line Items]
Applicable tax rate	28.00%	28.00%	28.00%	28.00%
Australian Franking Credits [Member]
DisclosureOfDividendsLineItems [Line Items]
Tax rate effect of foreign tax rates	30.00%	30.00%	30.00%
New Zealand imputation credits [Member]
DisclosureOfDividendsLineItems [Line Items]
Applicable tax rate	28.00%	28.00%	28.00%

Capital and Leasing Commitments (Details Narrative)	12 Months Ended
Capital and Leasing Commitments (Details Narrative)	Jan. 31, 2019
Disclosure of capital and leasing commitments [Abstract]
Description of Operating lease term	Operating leases are in place for leased premises and vehicles, and normally have a term between 1 and 11 years.
Contractual commitment term	7 years

Derivative Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2019

Derivative Financial Instruments

Schedule of Derivative Financial Instruments

31 January 2019
NZ $000’s

31 January 2018
NZ $000’s

31 January 2017
NZ $000’s

Current liabilities

Forward exchange contracts

1,484

2,087

4,188

Share Capital

12 Months Ended

Jan. 31, 2019

Disclosure of classes of share capital [abstract]

Share Capital

21	Share Captial

31 January 2019 NZ $000’s

31 January 2018 NZ $000’s

31 January 2017 NZ $000’s

29,640,965(2018: 306,028, 2017: 274,839) Ordinary shares

134,183

68,727

27,948

(a)

Ordinary shares

For the Year Ended 31 January 2019 NZ$000’s

For the Year Ended 31 January 2018 NZ$000’s

For the 7 Months Ended 31 January 2017 NZ$000’s

At the beginning of the reporting period

68,727

27,948

3,108

Issuance of new shares

24,840

- Cash collected

23,248

22,990

- Settle Shareholder loan

12,242

- Shares issued in lieu of consultancy fee

692

- Shares issued in lieu of stock payment

4,045

Convertible note maturity

4,159

17,789

Business combination with Naked Brand Group Inc.

14,196

Business combination with FOH Online Inc.

6,872

At the end of the reporting period

134,183

68,727

27,948

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

	For the Year Ended 31 January 2019 Number		For the Year Ended 31 January 2018 Number		For the 7 Months Ended 31 January 2017 Number

Naked Brand Group Limited shares issued on close of the merger between Bendon Limited and Naked Brand Group Inc.
- Bendon shareholders		20,889,940		306,028		274,839
- Naked shareholders		2,068,438				-
Shares issued during the period		6,682,587				-
At the end of the period		29,640,965		306,028		274,839

The number of shares for the year ended 31 January 2018 and 31 January 2017 relates to the pre-merger entity Bendon Limited.

(b)

Other equity

31 January 2019 NZ $000’s

31 January 2018 NZ $000’s

31 January 2017 NZ $000’s

Value of conversion rights - convertible notes

4,159

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 for the years ended 31 January 2019, 31 January 2018 and 31 January 2017 are as follows:

	Note		31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
Total borrowings		19		20,967			52,121			68,998
Less Cash and cash equivalents		11		(1,962	)		(10,739	)		(1,965	)
Net debt				19,005			41,382			67,033
Equity				10,519			(5,710	)		(9,044	)
Total capital				29,524			35,672			57,989
Gearing ratio				64	%		116	%		116	%

Operating Segment - Disclosure of Detailed Information About Segment Performance (Details) - NZD ($)
$ in Thousands

7 Months Ended

12 Months Ended

Jan. 31, 2017

Jan. 31, 2019

Jan. 31, 2018

Jun. 30, 2016

DisclosureOfOperatingSegmentLineItems [Line Items]

Service income

$ 7,702

Revenue

96,284

111,920

131,388

151,000

Cost of sales

(57,144)

(74,480)

(87,459)

(83,525)

Gross margin

39,140

37,440

43,929

67,475

Administrative expenses

(2,383)

(3,432)

(4,131)

(4,090)

Corporate expenses

(8,082)

(14,145)

(12,851)

(13,002)

Other foreign exchange gain/loss

3,306

(1,963)

(757)

2,423

EBITDA

(2,126)

(25,602)

(24,053)

10,470

Brand transition, restructure and transaction expenses

(1,321)

(10,075)

(3,272)

(2,232)

Finance expense

(6,238)

(4,041)

(8,791)

(10,409)

Impairment expense

(292)

(8,173)

(1,914)

(2,157)

Fair value gain/(loss) on foreign exchange contracts

2,135

1,065

(502)

7,660

Fair value (gain)/loss on Convertible Note derivative

(592)

(775)

2,393

Loss before income tax expense

(15,114)

(50,494)

(37,533)

(15,200)

Income tax expense

(865)

1,274

(60)

(5,546)

Loss for the period

(15,979)

(49,220)

(37,593)

(20,746)

Operating Segments [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

96,284

111,920

131,286

143,290

Service income

102

7,702

Other income

Revenue

96,284

111,920

131,388

151,000

Cost of sales

(57,144)

(74,480)

(87,459)

(83,525)

Gross margin

39,140

37,440

43,929

67,475

Other segment expenses

^[1]

(32,040)

(45,454)

(47,354)

(48,362)

Administrative expenses

(541)

(1,050)

(1,101)

(801)

Corporate expenses

(8,082)

(17,947)

(19,150)

(13,002)

Other foreign exchange gain/loss

(603)

1,409

(377)

5,160

EBITDA

(2,126)

(25,602)

(24,053)

10,470

Brand transition, restructure and transaction expenses

(1,321)

(10,075)

(3,272)

(2,232)

Finance expense

(6,238)

(4,041)

(8,791)

(10,409)

Impairment expense

(292)

(8,173)

(1,914)

Depreciation and amortisation

(1,842)

(2,382)

(3,030)

(5,446)

Fair value gain/(loss) on foreign exchange contracts

(2,135)

(1,704)

(502)

(7,660)

Unrealised foreign exchange gain/(loss)

(568)

2,258

1,636

Fair value (gain)/loss on Convertible Note derivative

(592)

(775)

2,393

Loss before income tax expense

(15,114)

(50,494)

(37,533)

(15,200)

Income tax expense

(865)

1,274

(60)

(5,546)

Loss for the period

(15,979)

(49,220)

(37,593)

(20,746)

Operating Segments [Member] | New Zealand Retail [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

21,953

31,801

34,269

37,389

Service income

Other income

Revenue

21,953

31,801

34,269

37,389

Cost of sales

(9,707)

(15,423)

(16,488)

(16,053)

Gross margin

12,246

16,378

17,781

21,336

Other segment expenses

^[1]

(7,480)

(13,537)

(13,451)

(12,263)

Administrative expenses

Corporate expenses

Other foreign exchange gain/loss

EBITDA

4,766

2,842

4,330

9,073

Brand transition, restructure and transaction expenses

Finance expense

Impairment expense

Depreciation and amortisation

Fair value gain/(loss) on foreign exchange contracts

Unrealised foreign exchange gain/(loss)

Fair value (gain)/loss on Convertible Note derivative

Loss before income tax expense

4,766

2,842

4,330

9,073

Income tax expense

Loss for the period

4,766

2,842

4,330

9,073

Operating Segments [Member] | Australia Retail [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

12,053

18,547

18,236

20,680

Service income

Other income

Revenue

12,053

18,547

18,236

20,680

Cost of sales

(5,592)

(9,192)

(9,457)

(8,930)

Gross margin

6,461

9,355

8,779

11,750

Other segment expenses

^[1]

(6,196)

(11,003)

(11,329)

(9,835)

Administrative expenses

Corporate expenses

Other foreign exchange gain/loss

EBITDA

265

(1,648)

(2,550)

1,915

Brand transition, restructure and transaction expenses

Finance expense

Impairment expense

(281)

Depreciation and amortisation

Fair value gain/(loss) on foreign exchange contracts

Unrealised foreign exchange gain/(loss)

Fair value (gain)/loss on Convertible Note derivative

Loss before income tax expense

(16)

(1,648)

(2,550)

1,915

Income tax expense

Loss for the period

(16)

(1,648)

(2,550)

1,915

Operating Segments [Member] | New Zealand Wholesale [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

7,484

7,154

10,453

15,071

Service income

Other income

Revenue

7,484

7,154

10,453

15,071

Cost of sales

(4,961)

(6,372)

(8,213)

(10,721)

Gross margin

2,523

781

2,240

4,350

Other segment expenses

^[1]

(475)

(912)

(1,068)

(709)

Administrative expenses

Corporate expenses

Other foreign exchange gain/loss

EBITDA

2,048

(130)

1,172

3,641

Brand transition, restructure and transaction expenses

Finance expense

Impairment expense

Depreciation and amortisation

Fair value gain/(loss) on foreign exchange contracts

Unrealised foreign exchange gain/(loss)

Fair value (gain)/loss on Convertible Note derivative

Loss before income tax expense

2,048

(130)

1,172

3,641

Income tax expense

Loss for the period

2,048

(130)

1,172

3,641

Operating Segments [Member] | Australia Wholesale [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

18,091

11,491

15,512

28,021

Service income

Other income

Revenue

18,091

11,491

15,512

28,021

Cost of sales

(11,431)

(8,498)

(12,545)

(18,056)

Gross margin

6,660

2,993

2,967

9,965

Other segment expenses

^[1]

(2,089)

(4,495)

(3,781)

(3,520)

Administrative expenses

Corporate expenses

Other foreign exchange gain/loss

EBITDA

4,571

(1,502)

(814)

6,445

Brand transition, restructure and transaction expenses

Finance expense

Impairment expense

Depreciation and amortisation

(2,157)

Fair value gain/(loss) on foreign exchange contracts

Unrealised foreign exchange gain/(loss)

Fair value (gain)/loss on Convertible Note derivative

Loss before income tax expense

4,571

(1,502)

(814)

4,288

Income tax expense

Loss for the period

4,571

(1,502)

(814)

4,288

Operating Segments [Member] | US Wholesale [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

9,015

5,798

6,390

18,876

Service income

Other income

Revenue

9,015

5,798

6,390

18,876

Cost of sales

(6,934)

(5,222)

(6,438)

(14,540)

Gross margin

2,081

576

(48)

4,336

Other segment expenses

^[1]

(2,065)

(2,724)

(3,301)

(2,817)

Administrative expenses

Corporate expenses

Other foreign exchange gain/loss

EBITDA

(2,148)

(3,349)

1,519

Brand transition, restructure and transaction expenses

Finance expense

Impairment expense

Depreciation and amortisation

Fair value gain/(loss) on foreign exchange contracts

Unrealised foreign exchange gain/(loss)

Fair value (gain)/loss on Convertible Note derivative

Loss before income tax expense

(2,148)

(3,349)

1,519

Income tax expense

Loss for the period

(2,148)

(3,349)

1,519

Operating Segments [Member] | Europe Wholesale [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

9,548

4,996

14,192

16,531

Service income

Other income

Revenue

9,548

4,996

14,192

16,531

Cost of sales

(6,277)

(4,490)

(10,221)

(11,658)

Gross margin

3,271

506

3,971

4,873

Other segment expenses

^[1]

(2,013)

(1,536)

(2,904)

(3,204)

Administrative expenses

Corporate expenses

Other foreign exchange gain/loss

EBITDA

1,258

(1,030)

1,067

1,669

Brand transition, restructure and transaction expenses

Finance expense

Impairment expense

Depreciation and amortisation

Fair value gain/(loss) on foreign exchange contracts

Unrealised foreign exchange gain/(loss)

Fair value (gain)/loss on Convertible Note derivative

Loss before income tax expense

1,258

(1,030)

1,067

1,669

Income tax expense

Loss for the period

1,258

(1,030)

1,067

1,669

Operating Segments [Member] | E-Commerce [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

18,140

32,133

32,234

6,722

Service income

Other income

Revenue

18,140

32,133

32,234

6,722

Cost of sales

(11,902)

(21,248)

(20,974)

(3,582)

Gross margin

6,238

10,885

11,260

3,140

Other segment expenses

^[1]

(3,654)

(11,248)

(11,520)

(2,039)

Administrative expenses

Corporate expenses

Other foreign exchange gain/loss

EBITDA

2,584

(363)

(260)

1,101

Brand transition, restructure and transaction expenses

Finance expense

Impairment expense

Depreciation and amortisation

Fair value gain/(loss) on foreign exchange contracts

Unrealised foreign exchange gain/(loss)

Fair value (gain)/loss on Convertible Note derivative

Loss before income tax expense

2,584

(363)

(260)

1,101

Income tax expense

Loss for the period

2,584

(363)

(260)

1,101

Operating Segments [Member] | Unallocated [Member]

DisclosureOfOperatingSegmentLineItems [Line Items]

Revenue from external customers

Service income

102

7,702

Other income

Revenue

102

7,710

Cost of sales

(340)

(4,034)

(3,123)

Gross margin

(340)

(4,034)

(3,021)

7,725

Other segment expenses

^[1]

(8,068)

(13,975)

Administrative expenses

(541)

(1,050)

(1,101)

(801)

Corporate expenses

(8,082)

(17,947)

(19,150)

(13,002)

Other foreign exchange gain/loss

(603)

1,409

(377)

5,160

EBITDA

(17,634)

(21,623)

(23,649)

(14,893)

Brand transition, restructure and transaction expenses

(1,321)

(10,075)

(3,272)

(2,232)

Finance expense

(6,238)

(4,041)

(8,791)

(10,409)

Impairment expense

(11)

(8,173)

(1,914)

Depreciation and amortisation

(1,842)

(2,382)

(3,030)

(3,289)

Fair value gain/(loss) on foreign exchange contracts

(2,135)

(1,704)

(502)

(7,660)

Unrealised foreign exchange gain/(loss)

(568)

2,258

1,636

Fair value (gain)/loss on Convertible Note derivative

(592)

(775)

2,393

Loss before income tax expense

(30,341)

(46,514)

(37,129)

(38,406)

Income tax expense

(865)

1,274

(60)

(5,546)

Loss for the period

$ (31,206)

$ (45,240)

$ (37,189)

$ (43,952)

[1]	Other segment expenses relate to brand management expenses and some corporate expenses.

Reserves - Disclosure of Detailed Information About Reserves Within Equity (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Disclosure of reserves within equity [abstract]
Opening balance	$ (2,125)	$ (2,006)	$ (2,154)
Transfers in	(29)	(7)	148	$ 31
Balance at the end of the year	$ (2,154)	$ (2,013)	$ (2,006)	$ (2,125)

Description of Business

12 Months Ended

Jan. 31, 2019

Description Of Business

Description of Business

Description of business

Naked Brand Group Limited (“the Group”) is a designer, distributor, wholesaler and retailer of women’s and men’s intimates apparel globally. The Group sells its merchandise through retail and outlet stores in New Zealand and Australia, wholesale operations in New Zealand, Australia, the United States and Europe, and through online channels. The Group operates both licenced and owned brands, including the following:

Licenced brands:

Heidi Klum, Fredericks of Hollywood

Owned brands:

Pleasure State, Davenport, Lovable, Bendon, Fayreform, Naked, VaVoom, Evollove, Hickory

The financial report covers Naked Brand Group Limited and its controlled entities (‘the Group’). Naked Brand Group Limited is a for-profit Group, incorporated and domiciled in Australia.

During the year the following significant changes occurred, of which there is further disclosure contained within this report:

	●	On 19^th June 2018, Bendon Limited (Bendon) and Naked Brand Group Inc. (Naked) completed a business combination pursuant to the Merger Agreement.
	●	On 30^th June 2018, the licence agreement with Stella McCartney was terminated
	●	On 15^th November 2018 the Group entered into a Stock Purchase Agreement with the shareholders of FOH Online Corp Inc (FOH)

The financial report was authorised for issue by the Directors on 31 December 2019.

Comparatives are consistent with prior years, unless otherwise stated.

The amounts in the financial statements have been rounded to the nearest thousand dollars.

Capital and Leasing Commitments - Disclosure of Detailed Information About Contracted Commitments Explanatory (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Contractual capital commitments	$ 12,982	$ 15,806	$ 19,569
Not Later than One Year [Member]
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Contractual capital commitments	4,286	3,797	3,652
Between One Year and Five Years [Member]
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Contractual capital commitments	8,696	12,009	15,917
Later than Five Years [Member]
DisclosureOfCapitalAndLeasingCommitmentsLineItems [Line Items]
Contractual capital commitments

Related Parties

12 Months Ended

Jan. 31, 2019

Disclosure of transactions between related parties [abstract]

Related Parties

34	Related Parties

(a)

The Group’s main related parties are entities owned/controlled by shareholders:

(b)

Loans (to)/from related parties

	Opening balance NZ$			Closing balance NZ$

Loans to related parties
Cullen Investments Limited - 31 January 2019		11,535,677			-
Cullen Investments Limited - 31 January 2018		13,051,321			11,535,677
Cullen Investments Limited - 31 January 2017		9,613,014			13,051,321
Whitespace Atelier Limited - 31 January 2019		272,665			281,714
Whitespace Atelier Limited - 31 January 2018		-			272,665
FOH Online Inc. - 31 January 2018		3,518,009			-
FOH Online Inc. - 31 January 2018		-			3,518,009

Loans from related parties
SBL Holdings - 31 January 2019		-			(1,448,646	)
Naked Inc. - 31 January 2019		(1,368,577	)		-
Naked Inc. - 31 January 2018		-			(1,368,577	)
Naked Inc. - 31 January 2017		-			-
EJ Watson - 31 January 2019					(2,289,212	)

On 15th November 2018, the Group entered into a Stock Purchase Agreement with the shareholders of FOH Online Corp (FOH), which included Cullen Investments Limited (Cullen), that the Group will purchase all of the issued and outstanding shares of FOH. Under the terms of the Agreement, the amount owed by Cullen was fully forgiven by the Group (31 January 2018: $11,535,677).

Whitespace Atelier Limited (“Whitespace”) is owned by a shareholder of the Naked Brand Group Limited. Beginning 1 Feb 2017, Whitespace is engaged by the Group to procure stock from various suppliers at competitive prices. During the year ended 31 January 2019, purchases amounting to $12,720,499 (31 January 2018: $13,281,727) have been made from Whitespace. As at 31 January 2018, the Group has made prepayments to Whitespace amounting to $281,714 (31 January 2018: $272,665).

Subsequent to the merger with Naked Brand Group Inc. on 19th June 2018, Naked Brand Group Inc. became part of the Group as at 31 January 2019. The balances between the subsidiaries are eliminated in the Group Balance Sheet (31 January 2018: $1,368,557).

Subsequent to the acquisition of FOH Online Inc. on 15th November 2018, FOH Online Inc. became part of the Group as at 31 January 2019. The balances between the subsidiaries are eliminated in the Group Balance Sheet (31 January 2018: $3,518,009).

During the period, a shareholder SBL Holdings Limited loaned the business funds to be utilised as working capital in the business.

During the period, and subsequent to the acquisition of FOH Online Inc, the balance of the loan outstanding from EJ Watson as at 31 January 2019 was$ 2,289,212, which includes interest accrued for the period of $81,866 (31 January 2018: Nil)

Tax Assets and Liabilities - Reconciliation of Changes in Deferred Tax Liability Asset (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Opening Balance
Charged to Income		692
Charged directly to Equity
Changes in Tax Rate
Exchange Differences
Closing Balance		692
Carried Forward Tax Losses [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Opening Balance	630	630	630
Charged to Income		692
Charged directly to Equity
Changes in Tax Rate
Exchange Differences
Closing Balance	630	1,322	630
Intangible Assets [Member]
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Opening Balance	(630)	(630)	(630)
Charged to Income
Charged directly to Equity
Changes in Tax Rate
Exchange Differences
Closing Balance	$ (630)	$ (630)	$ (630)

Intangible Assets - Disclosure of Detailed Information about Intangible Assets (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017	Jun. 30, 2016
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	$ 37,864	$ 13,012	$ 14,680	$ 14,933
Goodwill [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	2,320
Goodwill [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	5,607
Goodwill [Member] \| Impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	(3,287)
Patents, Licences and Trademarks [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	25,076	201	596
Patents, Licences and Trademarks [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	25,993	919	1,169
Patents, Licences and Trademarks [Member] \| Accumulated amortisation and impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	(918)	(718)	(573)
Brand [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	10,205	12,463	12,036	12,554
Brand [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	14,769	12,463	12,036
Brand [Member] \| Accumulated amortisation and impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	(4,563)
Software [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	263	348	2,048	$ 2,251
Software [Member] \| At Cost [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	15,718	15,788	17,308
Software [Member] \| Accumulated amortisation and impairment [Member]
Disclosure of detailed information about intangible assets [line items]
Total intangible assets and goodwill	$ (15,455)	$ (15,440)	$ (15,260)

Lessor Commitments

12 Months Ended

Jan. 31, 2019

Disclosure of finance lease and operating lease by lessor [abstract]

Lessor Commitments

26	Lessor Commitments

The Group sub leases its US and Australian premises under a commercial lease. These non-cancellable leases have terms between 1 and 6 years. All leases include an option for the Group to increase rent to current market rental on an annual basis.

The future minimum lease payments under non-cancellable leases are:

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

- not later than one year		441		166		503
- between one year and five years		493		-		1,076
- later than five years		-		-		-
Total minimum lease payments		934		166		1,579

Inventories (Details Narrative) - NZD ($)	7 Months Ended	12 Months Ended
Inventories (Details Narrative) - NZD ($)	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
Disclosure of inventories [Abstract]
Inventory write-down	$ 364,660	$ 106,433	$ 185,026

Income Tax Expense/(Benefit) - Disclosure of Detailed Information About Tax Losses Not Recognised (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
Income taxes [Abstract]
Unused tax losses for which no deferred tax asset has been recognised	$ 43,269	$ 130,587	$ 87,455	$ 23,765
Potential tax benefit at 28%	$ 12,115	$ 36,564	$ 24,487	$ 6,654

Share Capital - Disclosure of Detailed Information About Share Capital (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Disclosure of classes of share capital [abstract]
Shares Outstanding Value	$ 134,183	$ 68,727	$ 27,948

Events Occurring After the Reporting Date

12 Months Ended

Jan. 31, 2019

Disclosure of non-adjusting events after reporting period [abstract]

Events Occurring After the Reporting Date

36	Events occurring after the reporting date

On February 14, 2019, Carole Hochman resigned from the board of directors and as Executive Chairman.

In March 2019 the following share transactions occurred :

	(1)	1.4m ordinary shares and 1.4m warrants were issued in exchange for services to the value of NZ $0.1m / US$ 87k. The warrants have an exercise price of US$0.50 and expire 2 years from the date of issue.
	(2)	The issue of 11,248,415 ordinary shares to trade creditors in satisfaction of NZ$6.6m / US$4.5m trade payables, at a share price of US$0.40.
	(3)	The issue of 2,119,178 ordinary shares in settlement of a promissory notes in the amount of NZ$1.25m / US$847,671, at a share price of US$0.40 per share.
	(4)	The issue of 4,510,588 ordinary shares to investors in a private placement at a share price of US$0.255 for a total cash consideration of NZ$1.69m / US$1.15m.
		The investors also received warrants to purchase 4.510,588 ordinary shares, at an exercise price of US$0.306 and expiry 2 years from the date of issue.

On April 2, 2019, the board of directors appointed Anna Johnson as Chief Executive Officer. Previously Ms. Johnson was Chief Executive Officer of Bendon Limited, the main operating entity within the Company. At the same time, Justin Davis-Rice was appointed as Executive Chairman and resigned as our Chief Executive Officer.

In May 2019, the following share of funding transactions occurred :

	(1)	NZ$4.3m / US$3m cash was raised via a secured convertible promissory note to St. George Investments, with a US$3.32m note principal value. The note accrues daily interest at 10% p.a, and matures on November 13, 2020. The Company has the right to prepay the note, subject to a 15% premium. The note is secured by a second priority security interest over all the Company’s assets and is subordinated to the Company’s existing senior secured credit facility with the Bank of New Zealand. The noteholder has the right to convert the note into Naked ordinary shares at a conversion price of US$0.90 per share, and also has the right, from December 13, 2019, to request redemption of any portion of the note, up to a maximum of US$0.4m per month.
	(2)	NZ$2.17m / US$1.5m cash was raised via the issue of 6m Naked ordinary shares to an investor in a private placement at a share price of US$0.25. The investor also received warrants to purchase 1m Naked ordinary shares. The warrants have an exercise price of US$0.25, and expire 2 years from the date of issue.
	(3)	653,595 ordinary shares were issued in exchange for the cancellation of NZ$0.3m / US$0.2m in debt held by a shareholder, at a price of US$0.306 per share.

In July 2019, the following share transactions occurred :

	(1)	The issue of 25,068,250 ordinary shares to certain suppliers at a price of US$0.10 per share, in cancellation of NZ$3.7m / US$2,506,825 trade payables.
	(2)	The issue of 15.75m ordinary shares to certain investors at a price of US$0.10 per share, and warrants to purchase up to 15.75m ordinary shares, at an exercise price of US$0.10 per share, for a total cash consideration of NZ$2.35m / US$ 1.575m. Warrants to purchase 1.26m ordinary shares were also issued to various designees of the placement agent at an exercise price of US $0.125 per share. The placement agent warrants are immediately exercisable and expire 5.5 years from date of the cash offering.
	(3)	The exercise prices of certain outstanding warrants to purchase 2.8m ordinary shares held by one of the investors were reduced to US$0.10 per share, with the exercise prices previously ranging from US$1.55 to US$3.75.

On July 31, 2019, Kelvin Fitzalan was appointed as a member of the board of directors

In August 2019, the following equity transactions occurred :

	(1)	28,571,431 ordinary shares, at a price of $0.07 per share in a cash offering and 28,571,431 warrants to purchase ordinary shares were issued to certain investors, for a total cash consideration of NZ $3.1m / US$2.0m. The warrants are immediately exercisable, expiring 5.5 years from the date of issue, at an exercise price per share of US $0.07, and may be exercised on a ‘cashless’ basis based on as Black Scholes valuation from 6 months after the issue. The Company also issued warrants to certain designees of the placement agent to purchase 2,285,714 ordinary shares at an exercise price of $0.0875 per share. The placement agent warrants are immediately exercisable and expire 5.5 years from date of the cash offering.
	(2)	The Company agreed to reduce the exercise price of outstanding warrants held by certain investors, consisting of warrants to purchase up to 18.55m ordinary shares at an exercise price of US$0.10 per share that expire in October 2021, June 2023 and July 2025. The Company agreed to amend each of the outstanding warrants to reduce the exercise price to US$0.07.
	(3)	The Company issued 57,142,857 ordinary shares to suppliers at a price of $0.07 per share in exchange for the cancellation of NZ$6.2m / US$4.0m trade payables and the establishment of prepayment credits.

In October 2019, the following funding transaction occurred :

The Company completed a private placement of a convertible promissory note and a warrant to purchase ordinary shares, for a purchase price of NZ$3.2m / US$2m, with a principal balance before discount and expenses of US$2.12m. The holder had the right to exchange the warrant for a 5% increase in the balance of the note. On October 9, 2019, the holder exercised this right, and as result the warrant was cancelled and the balance of the note was increased by US$106,100. The note balance was further increased to US$2.51m on November 21 2019 due to additional funding requirement deadline not being met. The note accrues daily interest at 20% p.a., and matures on October 4, 2021. The Company has the right to prepay the Note, subject to a 25% premium. The note is subordinated to the Company’s existing senior secured credit facility with the Bank of New Zealand, From April 7, 2020 the holder has the right to convert the outstanding balance of the note into the Company’s ordinary shares at a conversion price of US$0.05 per share.

In November 2019, the following funding transaction occurred :

The Company issued a NZ $ 4.8m / $US 3m convertible note in a private placement, maturing November 12 2021. The face value of the note is NZ $ 5.0m / $US 3.17m after discount and costs, with a cash consideration of $US 3m. The interest rate is 20% p.a.. The Company has the right to prepay the note at a 25% premium. The note is subordinated to the Company’s existing BNZ facility. The note outstanding balance is convertible into ordinary shares from May 13, 2020, at a conversion price of $US 0.04 per share. From May 13, 2020, the holder can request the company redeem any portion of the note, up to a maximum of $US0.4m per month. At same time 63.4m warrants were issued to the note holder at a $US 0.05 exercise price, exercisable at any time, with a November 30 2021 expiry date.

St. George Investments converted 12.1m convertible notes at an agreed $US 0.028 average price, reducing the principal value of the convertible note by $US 340k.

In December 2019, the following funding transactions occurred (prior to reverse stock split on December 20 2019, referred to below) :

St. George Investments converted 108.2m convertible notes at an $US 0.021 average price, reducing the principal value of the convertible note by $US 2.265m

The Company issued a NZ $ 4.8m / $US 3m convertible note in a private placement, maturing December 19 2021. The face value of the note is NZ $ 5.0m / $US 3.17m after discount and costs, with a cash consideration of $US 3m. The interest rate is 20% p.a.. The Company has the right to prepay the note at a 25% premium. The note is subordinated to the Company’s existing BNZ facility. The note outstanding balance is convertible into ordinary shares from May 13, 2020, at a conversion price of $US 0.04 per share. From June 19, 2020, the holder can request the company redeem any portion of the note, up to a maximum of $US0.6m per month. At same time 79.3m warrants were issued to the note holder at a $US 0.05 exercise price, exercisable at any time, with a December 31 2021 expiry date.

On February 5, 2019, we received a notice from the Listing Qualifications Department of Nasdaq stating that, for the last 30 consecutive business days, the closing bid price for our Ordinary Shares had been below the minimum of US$1.00 per share required for continued inclusion on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). Compliance has been extended in November 2019 until February 3, 2020. In order to regain compliance, the bid price for shares of our Ordinary Shares must close at US$1.00 per share or more for a minimum of ten consecutive business days.

At the AGM on held on December 16, 2019 and in conjunction with a Board decision on timing, it was resolved to complete on December 20 2019 a reverse stock split of our Ordinary Shares, pursuant to which every 100 Ordinary Shares outstanding as of the effective time of the reverse stock split were combined into one Ordinary Share. This should resolve the Nasdaq requirement for a US $1.00 minimum share price.

The senior secured credit facility with the Bank of New Zealand matured on August 31, 2019 and has been extended to January 31 2020, with discussions underway to extend for a further period beyond 12 months. The bank covenants were breached since January 2019 and were reset at April 30, 2019. The reset inventory ratio has been breached to the date of signing these accounts.

A restructure or operations was commenced in October 2019 with initiatives to close the US wholesale business as well as the Australian office and to disestablish up to 50 roles globally by the end of the year, subject to consultation.

Revenue and Other Income - Disclosure of Detailed Information About Revenue from Continuing Operations (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
RevenueAndOtherIncomeLineItems [Line Items]
Gross revenue	$ 104,007	$ 120,278	$ 145,452	$ 163,481
Rebates	(7,723)	(8,359)	(14,064)	(12,481)
Revenue	96,284	111,920	131,388	151,000
Sale of goods	95,996	111,920	131,285	143,290
Services				7,702
Other income	288		103	8
New Zealand [Member]
RevenueAndOtherIncomeLineItems [Line Items]
Revenue	30,676	40,791	46,665	62,109
Australia [Member]
RevenueAndOtherIncomeLineItems [Line Items]
Revenue	32,913	32,065	38,208	53,193
United States [Member]
RevenueAndOtherIncomeLineItems [Line Items]
Revenue	23,146	34,112	32,323	19,167
Europe [Member]
RevenueAndOtherIncomeLineItems [Line Items]
Revenue	9,549	4,996	14,192	16,531
Retail [Member]
RevenueAndOtherIncomeLineItems [Line Items]
Sale of goods	34,460	50,443	53,150	58,837
Wholesale [Member]
RevenueAndOtherIncomeLineItems [Line Items]
Sale of goods	43,379	29,394	45,901	77,729
Online [Member]
RevenueAndOtherIncomeLineItems [Line Items]
Sale of goods	$ 18,157	$ 32,082	$ 32,234	$ 6,724

Operating Segment - Disclosure of Detailed Information About Geographical Information (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018	Jun. 30, 2016
DisclosureOfOperatingSegmentLineItems [Line Items]
Revenue	$ 96,284	$ 111,920	$ 131,388	$ 151,000
New Zealand [Member]
DisclosureOfOperatingSegmentLineItems [Line Items]
Revenue	30,676	40,791	46,665	62,109
Australia [Member]
DisclosureOfOperatingSegmentLineItems [Line Items]
Revenue	32,913	32,065	38,208	53,193
United States [Member]
DisclosureOfOperatingSegmentLineItems [Line Items]
Revenue	23,146	34,112	32,323	19,167
Europe [Member]
DisclosureOfOperatingSegmentLineItems [Line Items]
Revenue	$ 9,549	$ 4,996	$ 14,192	$ 16,531

- Definition

+ References

+ Details

Loss Per Share (Tables)

12 Months Ended

Jan. 31, 2019

Loss per share for profit from continuing operations attributable to the ordinary equity holders of the Group:

Disclosure of Detailed Information About Earning Loss Per Share

(a)

Basic and diluted loss per share

	For the Year Ended 31 January 2019 NZ$			For the Year Ended 31 January 2018 NZ$			For the 7 Months Ended 31 January 2017 NZ$			For the Year Ended 30 June 2016 NZ$

From continuing operations attributable to the ordinary equity holders of the company		(2.01	)		(1.79	)		(0.82	)		(1.13	)
Total basic and diluted loss per share attributable to the ordinary equity holders of the company		(2.01	)		(1.79	)		(0.82	)		(1.13	)

(b)

Reconciliation of loss used in calculating earnings per share

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$

Basic and diluted loss per share
Profit/(loss) attributable to the ordinary equity holders of the company used in calculating basic earnings per share:		(48,946	)		(37,445	)		(16,008	)		(20,715	)

(c)

Weighted average number of shares used as the denominator

31 January 2019 Number

31 January 2018 Number

31 January 2017 Number

30 June 2016 Number

Weighted average number of ordinary shares used as the denominator in calculating basic and diluted loss per share

24,379,019

20,915,036

19,404,681

18,345,000

Cash and Cash Equivalents - Schedule of Cash and Cash Equivalents (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017	Jun. 30, 2016	Jun. 30, 2015
Cash and cash equivalents [abstract]
Cash on hand	$ 47	$ 54	$ 48
Cash at bank	1,915	10,685	2,596
Cash and cash equivalents	$ 1,962	$ 10,739	$ 2,644	$ 4,193	$ 1,246

Key Management Personnel Remuneration

12 Months Ended

Jan. 31, 2019

Key Management Personnel Remuneration

Key Management Personnel Remuneration

30	Key Management Personnel Remuneration

Key management personnel remuneration included within employee expenses for the period is shown below:

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Short-term employee benefits		2,056		1,743		1,492		1,752
		2,056		1,743		1,492		1,752

Operating Segment (Tables)

12 Months Ended

Jan. 31, 2019

Operating Segment

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 Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s

Total segment revenue		136,844			156,311			113,031			176,145
Intersegment eliminations		(24,924	)		(24,923	)		(16,747	)		(32,855	)
Other revenue		-			-			-			7,710
Total revenue		111,920			131,388			96,284			151,000

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 Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s

Segment EBITDA		(25,602	)		(24,053	)		(2,126	)		10,470
Income tax (expense)/benefit		1,274			(60	)		(865	)		(5,546	)
Other revenue								-			7,710
Any other reconciling items		(24,892	)		(13,481	)		(12,988	)		(33,380	)
Total net loss after tax		(49,220	)		(37,593	)		(15,979	)		(20,746	)

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 Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

New Zealand		40,747		46,665		30,676		62,109
Australia		32,065		38,208		32,913		53,193
United States		34,112		32,323		23,146		19,167
Europe		4,996		14,192		9,549		16,531
		111,920		131,388		96,284		151,000

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 year ended 31 January 2019
Revenue from external customers		31,801			18,547			7,154			11,491			5,798			4,996			32,133			-			111,920
Service income		-			-			-			-			-			-			-			-			-
		31,801			18,547			7,154			11,491			5,798			4,996			32,133			-			111,920

Cost of sales		(15,423	)		(9,192	)		(6,372	)		(8,498	)		(5,222	)		(4,490	)		(21,248	)		(4,034	)		(74,480	)
Gross margin		16,378			9,355			781			2,993			576			506			10,885			(4,034	)		37,440
Other segment expenses*		(13,537	)		(11,003	)		(912	)		(4,495	)		(2,724	)		(1,536	)		(11,248	)		-			(45,454	)
Unallocated expenses
Administrative expenses		-			-			-			-			-			-			-			(1,050	)		(1,050	)
Corporate expenses		-			-			-			-			-			-			-			(17,947	)		(17,947	)
Other foreign exchange gain/loss		-			-			-			-			-			-			-			1,409			1,409
EBITDA		2,842			(1,648	)		(130	)		(1,502	)		(2,148	)		(1,030	)		(363	)		(21,623	)		(25,602	)
Brand transition, restructure and transaction expenses		-			-			-			-			-			-			-			(10,075	)		(10,075	)
Finance expense		-			-			-			-			-			-			-			(4,041	)		(4,041	)
Impairment expense		-			-			-			-			-			-			-			(8,173	)		(8,173	)
Depreciation and amortisation		-			-			-			-			-			-			-			(2,382	)		(2,382	)
Fair value (gain)/loss on foreign exchange contracts		-			-			-			-			-			-			-			(1,704	)		(1,704	)
Unrealised foreign exchange gain/(loss)		-			-			-			-			-			-			-			2,258			2,258
Fair value gain/(loss) on Convertible Note derivative		-			-			-			-			-			-			-			(775	)		(775	)
Loss before income tax expense		2,842			(1,648	)		(130	)		(1,502	)		(2,148	)		(1,030	)		(363	)		(46,514	)		(50,494	)
Income tax expense		-			-			-			-			-			-			-			1,274			1,274
Loss after income tax expense		2,842			(1,648	)		(130	)		(1,502	)		(2,148	)		(1,030	)		(363	)		(45,240	)		(49,220	)

	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 year ended 31 January 2018
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 Note 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	)

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

	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 7 months ended 31 January 2017
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 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 year ended 30 June 2016
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.

Provisions (Tables)

12 Months Ended

Jan. 31, 2019

Provisions [abstract]

Disclosure of Detailed Information About Provisions

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
CURRENT
Lease contributions		179		412		480
Onerous contracts		-		264		377
Make good		742		430		671
		921		1,106		1,528

	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
NON-CURRENT
Lease contributions		906		910		702
Onerous contracts		-		-		176
Make good		1,466		1,801		1,371
		2,372		2,711		2,249

Disclosure of Detailed Information About Reconciliation of Changes in Other Provisions

Lease contributions
NZ $000’s

Onerous contracts
NZ $000’s

Make good
NZ $000’s

Total
NZ $000’s

Opening balance at 1 February 2018

1,321

264

2,230

3,815

Additional provisions recognised

337

717

1,054

Unused amounts reversed

(600

)

(600

)

Unwinding of discounts

(84

)

(84

)

Amounts used during the year

(510

)

(264

)

(774

)

Exchange differences

(62

)

(56

)

(118

)

Balance at 31 January 2019

1,086

2,208

3,294

	Lease contributions NZ $000’s			Onerous contracts NZ $000’s			Make good NZ $000’s			Total NZ $000’s
Opening balance at 1 February 2017		1,182			553			2,042			3,777
Additional provisions recognised		635			-			595			1,230
Unused amounts reversed		-			-			(658	)		(658	)
Unwinding of discounts		-			-			271			271
Amounts used during the year		(547	)		(289	)		(77	)		(913	)
Exchange differences		50			(0	)		58			108
Balance at 31 January 2018		1,321			264			2,230			3,815

	Lease contributions NZ $000’s			Onerous contracts NZ $000’s			Make good NZ $000’s			Total NZ $000’s
Opening balance at 1 February 2017		1,318			275			1,817			3,410
Additional provisions recognised		145			508			353			1,006
Unused amounts reversed		-			-			(112	)		(112	)
Unwinding of discounts		-			-			(9	)		(9	)
Amounts used during the year		(269	)		(230	)		-			(499	)
Exchange differences		(12	)		-			(7	)		(19	)
Balance at 31 January 2018		1,182			553			2,042			3,777

Related Parties (Details Narrative) - NZD ($)	12 Months Ended
Related Parties (Details Narrative) - NZD ($)	Jan. 31, 2019	Jan. 31, 2018
Disclosure of transactions between related parties [line items]
Directors' remuneration expense		$ 11,535,677
Amounts payable, related party transactions		1,368,557
Whitespace Atelier Limited [Member]
Disclosure of transactions between related parties [line items]
Purchases of goods, related party transactions	$ 12,720,499	13,281,727
Prepayments	281,714	272,665
FOH Online Corp [Member]
Disclosure of transactions between related parties [line items]
Receivables due from related parties		3,518,009
FOH Online Corp [Member] \| EJ Watson [Member]
Disclosure of transactions between related parties [line items]
Loan outstanding	2,289,212
Accrued interest	$ 81,866

Intangible Assets - Disclosure of Detailed Information about Movements in Carrying Amounts of Intangible Assets (Details) - NZD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2019	Jan. 31, 2018
Disclosure of detailed information about intangible assets [line items]
Balance at the beginning of the year	$ 14,933	$ 13,012	$ 14,680
Additions	818	33,634	118
Amortisation	(351)	(231)	(306)
Impairment	(331)	(7,934)	(1,914)
Foreign exchange movements	(389)	(618)	434
Closing value	14,680	37,864	13,012
Software [Member]
Disclosure of detailed information about intangible assets [line items]
Balance at the beginning of the year	2,251	348	2,048
Additions	10	33	106
Amortisation	(318)	(29)	(163)
Impairment		(83)	(1,650)
Foreign exchange movements	105	(7)	7
Closing value	2,048	263	348
Patents and Licences [Member]
Disclosure of detailed information about intangible assets [line items]
Balance at the beginning of the year	128	201	596
Additions	808	25,076	12
Amortisation	(33)	(202)	(143)
Impairment	(331)		(264)
Foreign exchange movements	24	1	1
Closing value	596	25,076	201
Brand [Member]
Disclosure of detailed information about intangible assets [line items]
Balance at the beginning of the year	12,554	12,463	12,036
Additions		2,726
Amortisation
Impairment		(4,563)
Foreign exchange movements	(518)	(420)	427
Closing value	12,036	10,205	12,463
Goodwill [Member]
Disclosure of detailed information about intangible assets [line items]
Balance at the beginning of the year
Additions		5,798
Amortisation
Impairment		(3,287)
Foreign exchange movements		(192)
Closing value		$ 2,320

Dividends (Details Narrative) - NZD ($)	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Disclosure of dividends [Abstract]
Dividends payable

Critical Accounting Estimates and Judgments

12 Months Ended

Jan. 31, 2019

Critical Accounting Estimates And Judgments

Critical Accounting Estimates and Judgments

4	Critical Accounting Estimates and Judgments

	The directors make estimates and judgements during the preparation of these financial statements regarding assumptions about current and future events affecting transactions and balances.

	These estimates and judgements are based on the best information available at the time of preparing the financial statements, however as additional information is known then the actual results may differ from the estimates.

	The significant estimates and judgements made have been described below.

	Key estimates - inventory

	Each item on inventory is reviewed on an annual basis to determine whether it is being carried at higher than its net realisable value. During the period, management have written down inventory based on best estimate of the net realisable value, although until the time that inventory is sold this is an estimate.

	Key estimates - fair value of financial instruments

	The Group has certain financial assets and liabilities which are measured at fair value. Where fair value has not been able to be determined based on quoted price, a valuation model has been used. The inputs to these models are observable, where possible, however these techniques involve significant estimates and therefore fair value of the instruments could be affected by changes in these assumptions and inputs.

	Key estimates - impairment of brands

	In accordance with IAS 36 Impairment of Assets, the Group is required to estimate the recoverable amount of indefinite-lived brand assets at each reporting period.

	Impairment testing is an area involving management judgement, requiring assessment as to whether the carrying value of assets can be supported by their value in use or fair value less cost to sell.

	In calculating the fair value less costs to sell, certain assumptions are required to be made in respect of highly uncertain matters including management’s expectations of:

	-	growth in brand revenues
	-	market royalty rate
	-	the selection of discount rates to reflect the risks involved, and
	-	long-term growth rates

	Changing the assumptions selected by management, in particular the growth rate, discount rate and market royalty rate assumption used, could significantly affect the Group’s impairment evaluation and hence results.

	The Group’s review includes the key assumptions related to sensitivity in the model. Further details are provided in note 12 to the consolidated financial statements.

	Key estimates - impairment of goodwill

	In accordance with IAS 36 Impairment of Assets, the Group is required to estimate the recoverable amount of goodwill at each reporting period.

	Impairment testing is an area involving management judgement, requiring assessment as to whether the carrying value of assets can be supported by the net present value of future cash flows derived from such assets using cash flow projections which have been discounted at an appropriate rate and using a terminal value to incorporate expectations of growth thereafter.

	In calculating the net present value of the future cash flows, certain assumptions are required to be made in respect of highly uncertain matters including management’s expectations of:

	-	growth in EBITDA future cash flows;
	-	timing and quantum of future capital expenditure;
	-	long-term growth rates; and
	-	the selection of discount rates to reflect the risks involved.

	Changing the assumptions selected by management, in particular the discount rate and growth rate assumptions used in the cash flow projections, could significantly affect the Group’s impairment evaluation and hence results.

	The Group’s review includes the key assumptions related to sensitivity in the cash flow projections. Further details are provided in note 8 to the consolidated financial statements.

	Key judgments - taxes

	Deferred tax assets

	Determining income tax provisions and the recognition of deferred tax assets including carried forward income tax involves judgment on the tax treatment of certain transactions. Deferred tax is recognised on tax losses not yet used and on temporary differences where it is probable that there will be taxable revenue against which these can be offset. Management has made judgments as to the probability of future taxable income being generated against which tax losses will be available for offset based on budgets, current and future expected economic conditions.

Interests in Subsidiaries

12 Months Ended

Jan. 31, 2019

Disclosure of subsidiaries [abstract]

Interests in Subsidiaries

31	Interests in Subsidiaries

Composition of the Group

Principal place of business / country of Incorporation

Percentage
Owned (%)*
31 January 2019

Percentage
Owned (%)*
31 January

2018

Percentage
Owned (%)*
31 January

2017

Subsidiaries:

Bendon Retail Limited

New Zealand

100

100

Bendon Holdings Limited

New Zealand

100

100

Bendon Holdings Pty Limited

Australia

100

100

Bendon Pty Limited

Australia

100

100

Bendon Intimates Pty Limited

Australia

100

100

PS Holdings No. 1 Pty Limited

Australia

100

100

Pleasure State Pty Limited

Australia

100

100

Pleasure State (HK) Limited

Hong Kong

100

100

Bendon UK Limited

United Kingdom

100

100

Bendon USA Inc

United States of America

100

100

Bendon Limited**

New Zealand

100

Naked Brand Inc.

United States of America

100

FOH Online Corp Inc.

United States of America

100

*The percentage of ownership interest held is equivalent to the percentage voting rights for all subsidiaries.

** Bendon Limited was the parent entity in the periods ended 31 January 2018 and 31 January 2017.

Financial Risk Management (Tables)

12 Months Ended

Jan. 31, 2019

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 Trade paybles 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 2019		1,329		23,580		24,908		18,325		(19,212	)		(887	)
31 January 2018		24,677		21,143		45,820		13,577		(13,950	)		(373	)
31 January 2017		56,333		19,221		75,554		2,078		(2,250	)		(172	)

1 to 3 months
31 January 2019		184		-		184		9,610		(10,061	)		(451	)
31 January 2018		148		-		148		13,836		(14,453	)		(617	)
31 January 2017		129		-		129		9,900		(11,326	)		(1,426	)

3 months to 1 year
31 January 2019		20,184		-		20,184		4,976		(5,121	)		(145	)
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	)

1 to 5 years
31 January 2019		-		-		-		-		-			-
31 January 2018		-		-		-		-		-			-
31 January 2017		323		-		323		-		-			-

Total
31 January 2019		21,697		23,580		45,277		32,912		(34,395	)		(1,483	)
31 January 2018		52,072		21,143		73,215		48,308		(50,396	)		(2,088	)
31 January 2017		75,416		19,221		94,637		49,833		(54,021	)		(4,188	)

Disclosure of Credit Risk Exposure

	31 January 2019		31 January 2018		31 January 2017
	NZ $000’s		NZ $000’s		NZ $000’s
Trade receivables
Counterparty without external credit ratings
New customer less than 6 months		42		12		187
Existing customers (more than 6 months with default in past)		7,747		9,970		26,312
Total trade receivables		7,789		9,982		26,499

	31 January 2019		31 January 2018		31 January 2017
	NZ $000’s		NZ $000’s		NZ $000’s
Credit ratings
AA-		1,915		10,591		265
A+		-		94		(11	)
		1,915		10,685		254

Disclosure of Market Risk

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

	AUD NZ$000’s		USD NZ$000’s		GBP NZ$000’s		EUR NZ$000’s		HKD NZ$000’s		Total NZ$000’s
31 January 2019
Trade receivables		51		42		-		285		-		378
Trade payables		1		9,035		8		61		7		9,111
Cash and cash equivalents		623		149		38		8		11		829

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		9,185

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

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 Accounts						Average Exchange Rate
	31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s		31 January 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s
Buy USD/ sell NZD
Settlement
Less than 6 months		34,395		48,149		47,292		0.6620		0.7061		0.6687
6 months to 1 year		-		-		3,479		-		-		0.7186

Buy AUD/ sell NZD
Settlement
	NZ$000’s		NZ$000’s		NZ$000’s		$		$		$
Less than 6 months		-		2,247		2,250		-		0.8900		0.8890

Buy GBP/ sell NZD
Settlement
Less than 6 months	NZ$000’s		NZ$000’s		NZ$000’s		$		$		$

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 2019 NZ $000’s		31 January 2018 NZ $000’s		31 January 2017 NZ $000’s

Floating rate instruments
Bank overdrafts		-		-		-
Working capital financing bank facility		-		22,489		31,710
Convertible notes		-		1,740		16,474
Borrowings		20,000		16,000		16,000
		20,000		40,229		64,184

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)		(954	)		954
Net results/Equity (31 January 2017)		(1,509	)		1,509
Net results/Equity (30 June 2016)		(1,196	)		1,196

AUD
Net results/Equity (31 January 2018)		(5	)		5
Net results/Equity (31 January 2017)		(805	)		805
Net results/Equity (30 June 2016)		86			(86	)

GBP
Net results/Equity (31 January 2018)		(1	)		1
Net results/Equity (31 January 2017)		(175	)		175
Net results/Equity (30 June 2016)		34			(34	)

EUR
Net results/Equity (31 January 2018)		(32	)		32
Net results/Equity (31 January 2017)		(136	)		136
Net results/Equity (30 June 2016)		186			(186	)

HKD
Net results/Equity (31 January 2018)		(1	)		1
Net results/Equity (31 January 2017)		(14	)		14
Net results/Equity (30 June 2016)		1			(1	)

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%
Net results/Equity (31 January 2019)		200		(200	)
Net results/Equity (31 January 2018)		402		(402	)
Net results/Equity (31 January 2017)		642		(642	)

Reserves (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of reserves within equity [abstract]

Disclosure of Detailed Information About Reserves Within Equity

	31 January 2019 NZ $000’s			31 January 2018 NZ $000’s			31 January 2017 NZ $000’s
Foreign currency translation reserve
Opening balance		(2,006	)		(2,154	)		(2,125	)
Trasnfers in		(7	)		148			(29	)
Balance at the end of the year		(2,013	)		(2,006	)		(2,154	)

Share Capital - Disclosure of Detailed Information About Share Capital (Details) (Parenthetical) - shares	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Ordinary share [Member]
Disclosure of classes of share capital [line items]
Number of shares outstanding	29,640,965	306,028	274,839

Accumulated Losses

12 Months Ended

Jan. 31, 2019

Accumulated Losses

Accumulated Losses

24	Accumulated Losses

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s

(Accumulated losses)/retained earnings at the beginning of ther period		(72,431	)		(34,838	)		(18,859	)
Loss for the period		(49,220	)		(37,593	)		(15,979	)
Accumulated losses at the end of ther period		(121,651	)		(72,431	)		(34,838	)

Intangible Assets - Disclosure of Information for Cash-generating Units (Details) - NZD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Disclosure of detailed information about intangible assets [line items]
Impairment expense	$ 2,320
United States [Member]
Disclosure of detailed information about intangible assets [line items]
Impairment expense	$ 2,320

Loss for the Period

12 Months Ended

Jan. 31, 2019

Loss For Period

Loss for the Period

6	Loss for the Period

	The loss for the half year was derived after charging / (crediting) the following items that are unusual and of significance because of their size, nature and incidence:

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s
Finance Costs
- Interest expense on external borrowings		2,338			5,431			2,923		3,140
- Interest expense on shareholder loans		1,062			2,807			3,040		7,042
- Amortisation on loan set up costs		641			553			275		227
		4,041			8,791			6,238		10,409

Other (gains)/losses
- Fair value (gain)/loss on foreign exchange contracts		1,065			(502	)		2,135		7,660
- Net foreign exchange (gains)/losses		(3,027	)		(256	)		171		(5,237	)
		(1,963	)		(758	)		3,306		2,423

	For the Year Ended 31 January 2019 NZ$000’s			For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Brand transition, restructure and transaction expenses
- Brand transition expenses		291			-			-		884
- Onerous contracts		(109	)		(265	)		1,166		789
- Restructure expenses		626			215			103		559
- Transaction expenses		9,268			3,322			52		-
		10,075			3,272			1,321		2,232

The onerous contracts expense reversal relates to a reversal of the provision raised in the prior year.

Transaction expenses relate to costs incurred in respect of the US listing process.

The loss for the year includes the following specific expenses:

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s			For the 7 Months Ended 31 January 2017 NZ$000’s			For the Year Ended 30 June 2016 NZ$000’s
Employee benefits expense:
- Salaries and wages		30,872		33,613			19,917			33,666
- Defined contribution expenses		508		545			1,022			1,588
		31,380		34,158			20,939			35,254

Depreciation		2,151		2,724			1,664			2,966
Amortisation		231		306			178			323
Impairment loss		8,173		1,914			292			2,157
		10,555		4,944			2,134			5,446

Rental expense on operating leases:
- Lease payments		9,760		10,807			6,485			11,034
- Sublease payments received		-		(483	)		(354	)		(567	)
		9,760		10,324			6,131			10,467

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2019

Summary Of Significant Accounting Policies

Going Concern

	(a)	Going concern

		The financial statements have been prepared on the basis of going concern which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business.

		For the financial year ended 31 January 2019 the Group experienced a loss after income tax from continuing operations of NZ$49.227million (2018: NZ$37.445million) and operating cash outflows of NZ$9.434 million (2018: NZ$4.116million). It also is in a net current liability position of $NZ29.426 million (2018: NZ$20.752million) and a positive net asset position of NZ$10.519 million (2018: net liability position of NZ$5.710million).

		The losses in the year ended 31 January 2019 were a result of reduced revenue from wholesale customers, increased rebates and discounts, and the plateauing of sales in retail outlets believed to be due to the stores and stockists not having new high margin inventory. The business is experiencing challenging trading conditions which have been impacted by the cancellation of the Stella McCartney licence held by the Group which expired on 30 June 2018, the lack of working capital to purchase sufficient levels of inventory required for trading, reduced customer foot traffic in retail stores and outlets, and a reduction of revenue from wholesale customers. The business also incurred NZ$10.075 million of non-trading costs in relation to brand transition, restructure, and transaction costs associated with listing the Group on the Nasdaq stock exchange. The Group also has trade creditors that are trading beyond their original credit terms.

		The Group has also breached its Bank debt loan covenants during financial year, and is the process of extending their facilities which are currently due on 31 January 2020 to provide the Group and the Bank time to consider a refinance of the facility to a longer term to assist the group continue as a going concern.

		In consequent to the challenging trading conditions and the negative working capital the business raised NZ$24 million of funds in the form of issued capital and convertible notes over the course of the financial year and generated further working capital by reducing inventory by NZ$9.993million. The Group used the funds to reduce the bank debt from NZ$38.489 million to NZ$20 million, reduce long overdue trade creditors, fund operating losses, reduce costs, rebuild higher margin inventory, recruit new staff, and pay the costs of listing on the Nasdaq stock exchange.

		It is expected the group will need to continue to fund losses through to the start of the year ending 31 January 2022. This capital raising/recapitalisation is continuing, and management had raised US$32.4 million between March 2019 and the date of this report. At the date of this report management is intending on raising up to a further US$15 million. The Group must complete the fundraising to finalise the recapitalization plan and continue as a going concern.

		As part of the discussions to renegotiate the Bank facilities the Bank appointed Korda Mentha to review the cash flow and working capital history and forecasts. Korda Mentha produced a report which is consistent with the information in this note and the Bank has advised they will continue to monitor the Group’s performance during the Bank debt renegotiation process. The Directors expect the Bank to offer a new two year facility. The offer of a new Bank facility is dependent on the Group achieving inventory covenants set by the Bank, and the Bank being satisfied with the raising of the remaining capital planned of US$15 million.

		Despite the ongoing losses, reduced cash flow and cash facilities, and the other negative financial conditions, the Directors are confident that the Group will continue as a going concern. However, while the Directors are confident of continuing as a going concern and meeting its debt obligation to its Bank and creditor commitments as they fall due, the going concern is dependent upon the Directors and Group being successful in:

	●	Raising further funding before 28 February 2020 in order to meet all debts due in the 12 months after signing of these financial statements;
	●	Generating sufficient sales and increasing gross margins and reducing overheads in line with forecasts;
	●	Having sufficient funds to maintain a positive cashflow position, and to reduce bank debt in line with agreed bank amortisation;
	●	Continuing to receive support from creditors to delay payment of overdue amounts until the Group has adequate cash flow to commence a repayment arrangement or repay the debts in full; and
	●	Renegotiating the current bank facilities of NZ$20 million to a facility that is at least a 12 month facility.


		However, the Directors’ believe that the Group will be successful in the above matters and, accordingly, have prepared the report on a going concern basis.

Basis for Consolidation

(b)	Basis for consolidation

	Subsidiaries

	Subsidiaries are all entities (including structured entities) over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases.

	Intercompany transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group.

	Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit or loss, statement of comprehensive income, statement of changes in equity and balance sheet respectively.

	When the group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value with the change in carrying amount recognised in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognised in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognised in other comprehensive income are reclassified to profit or loss.

	If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate.

Business Combinations

	(c)	Business combinations

		Business combinations are accounted for by applying the acquisition method which requires an acquiring entity to be identified in all cases. The acquisition date under this method is the date that the acquiring entity obtains control over the acquired entity.

		The fair value of identifiable assets and liabilities acquired are recognised in the consolidated financial statements at the acquisition date.

		Goodwill or a gain on bargain purchase may arise on the acquisition date, this is calculated by comparing the consideration transferred and the amount of non-controlling interest in the acquiree with the fair value of the net identifiable assets acquired. Where consideration is greater than the net assets acquired, the excess is recorded as goodwill. Where the net assets acquired are greater than the consideration, the measurement basis of the net assets are reassessed and then a gain from bargain purchase recognised in profit or loss.

		All acquisition-related costs are recognised as expenses in the periods in which the costs are incurred except for costs to issue debt or equity securities.

		Any contingent consideration which forms part of the combination is recognised at fair value at the acquisition date. If the contingent consideration is classified as equity then it is not remeasured and the settlement is accounted for within equity. Otherwise subsequent changes in the value of the contingent consideration liability are measured through profit or loss.

Income Tax

	(d)	Income Tax

		The tax expense/(benefit) recognised in the consolidated statements of profit or loss and other comprehensive income comprises of current income tax expense plus deferred tax expense/(benefit).

		Current tax is the amount of income taxes payable/(recoverable) in respect of the taxable profit/(loss) for the period and is measured at the amount expected to be paid to/(recovered from) the taxation authorities, using the tax rates and laws that have been enacted or substantively enacted by each jurisdiction by the end of the reporting period. Current tax liabilities/(assets) are measured at the amounts expected to be paid to/(recovered from) the relevant taxation authority.

		Deferred tax is provided on temporary differences which are determined by comparing the carrying amounts of tax bases of assets and liabilities to the carrying amounts in the consolidated financial statements.

		Deferred tax is not provided for the following:

●		The initial recognition of an asset or liability in a transaction that is not a business combination and at the time of the transaction, affects neither accounting profit nor taxable profit/(tax loss).
●		Taxable temporary differences arising on the initial recognition of goodwill.
●		Temporary differences related to investment in subsidiaries, associates and jointly controlled entities to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that they will not reverse in the foreseeable future.

	Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by each jurisdiction by the end of the reporting period.

	Deferred tax assets are recognised for all deductible temporary differences and unused tax losses to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and losses can be utilised.

	Current and deferred tax is recognised as income or an expense and included in profit or loss for the period except where the tax arises from a transaction which is recognised in other comprehensive income or equity, in which case the tax is recognised in other comprehensive income or equity respectively.

	In determining the amount of current and deferred income tax, the Group takes into account the impact of uncertain income tax positions and whether additional taxes and interest may be due. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact the income tax expense in the period that such a determination is made.

Leases

	(e)	Leases

		Leases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership that are transferred to entities in the Group, are classified as finance leases.

		Finance leases are capitalised by recording an asset and a liability at the lower of the amounts equal to the fair value of the leased property or the present value of the minimum lease payments, including any guaranteed residual values. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period.

		Lease payments for operating leases, where substantially all of the risks and benefits remain with the lessor, are charged as expenses on a straight-line basis over the life of the lease term.

		Lease incentives under operating leases are recognised as a liability and amortised on a straight-line basis over the life of the lease term.

Revenue and Other Income

	(f)	Revenue and other income

		Sale of goods

		Sales of goods through retail stores, e-commerce and wholesale channels are recognised when control of the products have been transferred to the customer which is a point in time. For wholesale and e-commerce sales, risks and rewards are transferred when goods are delivered to customers, and therefore reflects an estimate of shipments that have not been received at year end based on shipping terms and historical delivery times. The Group also provides a reserve for projected merchandise returns based on prior experience.

		The Group sells gift cards to customers. The Group recognises revenue from gift cards when they are redeemed by the customers. In addition, the Group recognises revenue on all of it’s unredeemed gift cards when the gift cards have expired.

		(i) Sale of goods - wholesale

		The Group sells a range of lingerie products in the wholesale market. Sales are recognised when control of the products has transferred, being when the products are delivered to the wholesaler, the wholesaler has full discretion over the channel and price to sell the products, and there is no unfulfilled obligation that could affect the wholesaler’s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the wholesaler, and either the wholesaler has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the group has objective evidence that all criteria for acceptance have been satisfied.

		Revenue from these sales is recognised based on the price specified in the contract, net of the estimated volume discounts. The estimates of discount is based on the trading terms in the contracts, and revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. A refund liability (included in trade and other payables) is recognised for expected volume payable to customers in relation to sales made until the end of the reporting period. The Group’s obligation to provide a refund for faulty products under the standard trading terms is recognised as a provision.

		(ii) Sale of goods - retail/e-commerce

		The group operates a chain of retail stores and e-commerce websites selling lingerie products. Revenue from the sale of goods is recognised when a group entity sells a product to the customer.

		Payment of the transaction price is due immediately when the customer purchases the product. It is the group’s policy to sell its products to the end customer with a right of return within 30 days.

		Therefore, a refund liability (included in trade and other payables) and a right to the returned goods (included in inventory if deemed saleable) are recognised for the products expected to be returned. Accumulated experience is used to estimate such returns at the time of sale at a portfolio level (expected value method). Because the number of products returned has been steady for years, it is highly probable that a significant reversal in the cumulative revenue recognised will not occur. The validity of this assumption and the estimated amount of returns are reassessed at each reporting date.

		Interest revenue

		Interest is recognised using the effective interest method.

		Other income

		Other income is recognised on an accruals basis when the Group is entitled to it.

Brand Management, Administrative and Corporate Expenses

(g)	Brand management, administrative and corporate expenses

	Corporate expenses includes head office costs such as human resources, finance team and rental costs. Administrative expenses includes depreciation and amortisation, as well as professional accounting fees. Brand management expenses includes other costs incurred in selling products, including advertising, design and retail store occupancy and payroll.

Borrowing Costs

(h)	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowing pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.

	All other borrowing costs are recognised as an expense in the period in which they are incurred.

Inventories

(i)	Inventories

	Inventories are measured at the lower of cost and net realisable value. Cost of inventory is determined using the weighted average costs basis and is net of any rebates and discounts received. Net realisable value represents the estimated selling price for inventories less costs necessary to make the sale. Net realisable value is estimated using the most reliable evidence available at the reporting date and inventory is written down through an obsolescence provision if necessary.

Property, Plant and Equipment

	(j)	Property, plant and equipment

		Plant and equipment

		Plant and equipment are measured using the cost model.

		Under the cost model the asset is carried at its cost less any accumulated depreciation and any impairment losses. Costs include purchase price and other directly attributable costs associated with locating the asset to the installation site, where applicable.

		Depreciation

		Property, plant and equipment, is depreciated on a straight-line basis over the assets useful life to the Group, commencing when the asset is ready for use.

		The estimated useful lives used for each class of depreciable asset are shown below:

Fixed asset class		Useful life

Leasehold improvements		1 - 10 years
Plant, furniture, fittings and motor vehicles		3 - 7 years

Financial Instruments

	(k)	Financial instruments

		Financial instruments are recognised initially using trade date accounting, i.e. on the date that the Group becomes party to the contractual provisions of the instrument.

		On initial recognition, all financial instruments are measured at fair value plus transaction costs (except for instruments measured at fair value through profit or loss where transaction costs are expensed as incurred).

		Financial Assets

		(i) Classification

		From 1 February 2018, the group classifies its financial assets in the following measurement categories:

	●	those to be measured subsequently at fair value (either through OCI or through profit or loss), and
	●	those to be measured at amortised cost.

		The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows.

		For assets measured at fair value, gains and losses will either be recorded in profit or loss or OCI. For investments in equity instruments that are not held for trading, this will depend on whether the group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income (FVOCI).

		The group reclassifies debt investments when and only when its business model for managing those assets changes.

		(ii) Recognition and derecognition

		Regular way purchases and sales of financial assets are recognised on trade-date, the date on which the group commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.

		(iii) Measurement

		At initial recognition, the group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss.

		Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.

		Debt instruments

		Subsequent measurement of debt instruments depends on the group’s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the group classifies its debt instruments:

	●	Amortised cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the statement of profit or loss.

	●	FVOCI: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses which are recognised in profit or loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gains/(losses). Interest income from these financial assets is included in finance income using the effective interest rate method. Foreign exchange gains and losses are presented in other gains/(losses) and impairment expenses are presented as separate line item in the statement of profit or loss.

	●	FVPL: Assets that do not meet the criteria for amortised cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognised in profit or loss and presented net within other gains/(losses) in the period in which it arises.

Equity instruments

		Changes in the fair value of financial assets at FVPL are recognised in other gains/(losses) in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI are not reported separately from other changes in fair value.

		(iv) Impairment

		From 1 February 2018, the group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortised cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk.

		For trade receivables, the group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

		(v) Subsequent measurement

		If there is objective evidence that an impairment loss on financial assets carried at amortised cost has been incurred, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the financial assets original effective interest rate.

		Subsequent recoveries of amounts previously written off are credited against other expenses in profit or loss.

		Financial liabilities

		Financial liabilities are classified as either financial liabilities ‘at fair value through profit or loss’ or other financial liabilities depending on the purpose for which the liability was acquired. Although the Group uses derivative financial instruments in economic hedges of currency and interest rate risk, it does not hedge account for these transactions.

		The Group’s financial liabilities include borrowings, trade and other payables (including finance lease liabilities), which are measured at amortised cost using the effective interest rate method.

		All of the Group’s derivative financial instruments that are not designated as hedging instruments are accounted for at fair value through profit or loss.

Impairment of Non-financial Assets

	(l)	Impairment of non-financial assets

		At the end of each reporting period the Group determines whether there is an evidence of an impairment indicator for non-financial assets.

		Where an indicator exists and regardless for goodwill, indefinite life intangible assets and intangible assets not yet available for use, the recoverable amount of the asset is estimated.

		Where assets do not operate independently of other assets, the recoverable amount of the relevant cash-generating unit (CGU) is estimated.

		The recoverable amount of an asset or CGU is the higher of the fair value less costs of disposal and the value in use. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit.

		Where the recoverable amount is less than the carrying amount, an impairment loss is recognised in profit or loss.

		Reversal indicators are considered in subsequent periods for all assets which have suffered an impairment loss, except for goodwill.

Cash and Cash Equivalents

(m)	Cash and cash equivalents

	For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.

Trade Receivables

(n)	Trade receivables

	Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment.

Trade and Other Payables

(o)	Trade and other payables

	These amounts represent liabilities for goods and services provided to the group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method.

Intangibles

	(p)	Intangibles

		Goodwill

		Goodwill is carried at cost less accumulated impairment losses. Goodwill is calculated as the excess of the sum of:

	i)	the consideration transferred;
	ii)	any non-controlling interest; and
	iii)	the acquisition date fair value of any previously held equity interest;

	over the acquisition date fair value of net identifiable assets acquired in a business combination.

	Patents and licences

	Separately acquired patents and licences are shown at historical cost. Licenses and customer contracts acquired in a business combination are recognised at fair value at the acquisition date. They have a finite useful life and are subsequently carried at cost less accumulated amortisation and impairment losses. Licence fees have an estimated useful life of 5 - 50 years.

	Software

	Software has a finite life and is carried at cost less any accumulated amortisation and impairment losses. It has an estimated useful life of between one and three years.

	Brands

	Brand assets relate to brands owned by the Group that have arisen on historical acquisitions. These assets were initially measured at fair value.

	Brands are considered to have an indefinite life and are therefore not amortised. They are considered to have indefinite lives because there is no foreseeable limit to the period over which the asset is expected to generate net cash flows for the entity. The brands have been in existence for many years, are well established and show no signs of deteriorating. They are assessed for impairment annually or more frequently if impairment indicators exist.

		Amortisation

		Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill and brands, from the date that they are available for use.

		Amortisation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.

		Goodwill and indefinite life brands are not amortised but are tested for impairment annually or more frequently if impairment indicators exist. Goodwill is allocated to the Group’s cash generating units or groups of cash generating units, which represent the lowest level at which goodwill is monitored but where such level is not larger than an operating segment. Gains and losses on the disposal of an entity include the carrying amount of goodwill related to the entity sold.

Employee Benefits

(q)

Employee benefits

	(i)	Short-term obligations

		Liabilities for wages and salaries, including non-monetary benefits and accumulating sick leave that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

	(ii)	Other long-term employee benefit obligations

		The liabilities for long service leave and annual leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. They are therefore measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the end of the reporting period of high-quality corporate bonds with terms and currencies that match, as closely as possible, the estimated future cash outflows. Remeasurements as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.

		The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.

Provisions

	(r)	Provisions

		Provisions are recognised when the Group has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured.

		Provisions are measured at the present value of management’s best estimate of the outflow required to settle the obligation at the end of the reporting period. The discount rate used is a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the unwinding of the discount is taken to finance costs in the consolidated statements of profit or loss and other comprehensive income.

		Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period.

	(i)	Lease incentive provision

		Lease contributions include payment for improvements initially funded by the landlord. The improvement asset is capitalised and a provision for the amount of landlord contribution is recognised. The provision is released on a monthly basis over the term of the lease of the property.

	(ii)	Onerous contract provision

		The Group provides for future losses on long-term contracts where it is considered probable that the contract costs are likely to exceed revenues in future years. A provision is required for the present value of future losses. Estimating these future losses involves a number of assumptions about the achievement of contract performance targets and the likely levels of future cost escalation over time.

	(iii)	Make good provision

		The Group is required to restore the lease premises of various retail stores to their original condition at the end of the respective lease terms. Provisions for make good obligations are recognised when the group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. A provision is recognised for the present value of the estimated expenditure required to remove any leasehold improvements. These costs have been capitalised as part of the cost of leasehold improvements and are amortised over the lease term.

Earnings/(Loss) Per Share

	(s)	Earnings/(loss) per share

		(i) Basic earnings/(loss) per share

		Basic earnings/(loss) per share is calculated by dividing:

	●	the profit/(loss) attributable to owners of the Group, excluding any costs of servicing equity other than ordinary shares
	●	by the weighted average number of ordinary shares outstanding during the financial year.

	(ii) Diluted earnings/(loss) per share

	Diluted earnings/(loss) per share adjusts the figures used in the determination of basic earnings per share to take into account:

	●	the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares, and
	●	the weighted average number of additional ordinary shares that would have been outstanding assuming the conversion of all dilutive potential ordinary shares.

For periods in which the Group has reported net losses, diluted net loss per share attributable to common shareholders is the same as basic net loss per share attributable to common stockholders, since their impact would be anti-dilutive to the calculation of net loss per share.

Borrowings

(t)	Borrowings

	Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in profit or loss over the period of the borrowings using the effective interest method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a prepayment for liquidity services and amortised over the period of the facility to which it relates.

	Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to another party and the consideration paid, including any non cash assets transferred or liabilities assumed, is recognised in profit or loss as other income or finance costs.

	Where the terms of a financial liability are renegotiated and the entity issues equity instruments to a creditor to extinguish all or part of the liability (debt for equity swap), a gain or loss is recognised in profit or loss, which is measured as the difference between the carrying amount of the financial liability and the fair value of the equity instruments issued.

	Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the reporting period.

Convertible Notes

(u)	Convertible Notes

	On issuance of the convertible notes, an assessment is made to determine whether the convertible notes contain an equity instrument or whether the whole instrument should be classified as a financial liability.

	When it is determined that the whole instrument is a financial liability and no equity instrument is identified (for example for foreign-currency-denominated convertibles notes), the conversion option is separated from the host debt and classified as a derivative liability. The carrying value of the host contract (a contract denominated in a foreign currency) at initial recognition is determined as the difference between the consideration received and the fair value of the embedded derivative. The host contract is subsequently measured at amortised cost using the effective interest rate method. The embedded derivative is subsequently measured at fair value at the end of each reporting period through the profit and loss. The convertible note and the derivative are presented as a single number on the balance sheet within interest-bearing loans and borrowings.

	When it is determined that the instrument contains an equity component based on the terms of the contract, on issuance of the convertible notes, the fair value of the liability component is determined using a market rate for an equivalent non-convertible bond. This amount is classified as a financial liability measured at amortised cost (net of transaction costs) until it is extinguished on conversion or redemption. The remainder of the proceeds is allocated to the conversion option that is recognised and included in equity. Transaction costs are deducted from equity, net of associated income tax. The carrying amount of the conversion option is not re-measured in subsequent years.

Share Capital

(v)	Share capital

	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effects.

Foreign Currency Transactions and Balances

	(w)	Foreign currency transactions and balances

		Each of the entities within the Group prepare their financial statements based on the currency of the primary economic environment in which the entity operates (functional currency). The consolidated financial statements are presented in New Zealand dollars which is the parent entity’s functional and presentation currency.


		Transaction and balances

		Foreign currency transactions are recorded at the spot rate on the date of the transaction.

		At the end of the reporting period:

	●	Foreign currency monetary items are translated using the closing foreign currency rate;
	●	Non-monetary items that are measured at historical cost are translated using the exchange rate at the date of the transaction; and
	●	Non-monetary items that are measured at fair value are translated using the rate at the date when fair value was determined.

	Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition or in prior reporting periods are recognised through profit or loss, except where they relate to an item of other comprehensive income or whether they are deferred in equity as qualifying hedges.

	Group companies

	The financial results and position of foreign operations whose functional currency is different from the Group’s presentation currency are translated as follows:

	●	assets and liabilities are translated at period-end exchange rates prevailing at that reporting date;
	●	income and expenses are translated at average exchange rates for the period where the average rate approximates the rate at the date of the transaction; and
	●	retained earnings are translated at the exchange rates prevailing at the date of the transaction.

New and Amended Accounting Standards Adopted by the Group

(x)	New and amended accounting standards adopted by the Group

	A number of new or amended accounting standards become applicable for the current reporting period and the Group had to change it accounting policies as a result of adopting the following accounting standards.

	- IFRS 9 Financial Instruments
	- IFRS 15 Revenue from contract with customers

	There were no material impacts on adoption of IFRS 9 and IFRS 15. The other accounting standards did not have any impact on the Group’s accounting policies and did not require retrospective adjustments.

New Accounting Standards and Interpretations

	(y)	New Accounting Standards and Interpretations

		Certain new accounting standards and interpretations have been published that are not mandatory for 31 January 2018 reporting periods and have not been early adopted by the Group. The Group’s assessment of the impact of these new standards and interpretations is set out below.

Title of Standard

Nature of change

Impact

Mandatory application date/Date of adoption by Group

IFRS 16

Leases

The IASB issued a new standard for leases. This will replace IAS 17

The new standard will require that we record a liability and a related asset on the balance sheet for our leased facilities.

Mandatory for financial years commencing on or after 1 January 2019.

Expected date of adoption by the Group: 1 February 2019.

Title of Standard

Nature of change

Impact

Mandatory application date/Date of adoption by Group

IFRC 23

Uncertainty over Income Tax Treatments (IFRIC 23)

The Group is currently evaluating the impact of adopting this standard on the consolidated financial statements.

IFRIC 23 is effective for annual periods beginning on or after January 1, 2019, with earlier application permitted.

There are no other standards that are not yet effective and that would be expected to have a material impact on the entity in the current or future reporting periods and on foreseeable future transactions.

Operating Segments

(z)	Operating segments

	Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The executive directors are the chief operating decision maker, responsible for allocating resources and assessing performance of the operating segments.

Acquisition of FOH Online Corp Inc. - Disclosure of Detailed Information About Assets and Liabilities Recognised (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Nov. 15, 2018
Acquisition Of Foh Online Corp Inc.
Cash	$ 592	$ 278
Net balance with sub licencee		(3,119)
Loan payable to EJ Watson		(2,172)
Patents and Licences		24,959
Net identifiable assets acquired	$ 8,398	$ 19,946

Contingencies (Tables)

12 Months Ended

Jan. 31, 2019

Disclosure of contingent liabilities [abstract]

Schedule of Contingent Liabilities

The Group had the following contingent liabilities at the end of the reporting period:

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s

Rent guarantees to certain landlords		419		419		571
Standby letter of credit to JP Morgan Chase Bank		291		291		286
Guarantee provided to UK Customs Department		329		329		282
Guarantee provided to ANZ for Merchant Service		172		172		-

Business Combinations - Disclosure of Detailed Information About Purchase Consideration (Details) - NZD ($) $ in Thousands		7 Months Ended
	Nov. 15, 2018	Jan. 31, 2019
Business Combination
Total purchase consideration	$ 19,946	$ 14,196

Borrowings - Disclosure of Detailed Information About Borrowings (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Borrowings - Disclosure Of Detailed Information About Borrowings
Bank overdraft
Shareholder loans		10,951	8,200
Leased liability
Bank Loans	20,000	16,000	16,000
Debt issuance costs in relation to bank loan	(270)	(218)	(656)
Working capital financing bank facility		22,489	31,710
Convertible notes		1,740	13,744
Other loan	1,236	1,159
Current borrowings and current portion of non-current borrowings	$ 20,967	$ 52,121	$ 68,998

Key Management Personnel Remuneration (Tables)

12 Months Ended

Jan. 31, 2019

Key Management Personnel Remuneration

Disclosure of Detailed Information About Key Management Personnel

Key management personnel remuneration included within employee expenses for the period is shown below:

	For the Year Ended 31 January 2019 NZ$000’s		For the Year Ended 31 January 2018 NZ$000’s		For the 7 Months Ended 31 January 2017 NZ$000’s		For the Year Ended 30 June 2016 NZ$000’s

Short-term employee benefits		2,056		1,743		1,492		1,752
		2,056		1,743		1,492		1,752

Financial Risk Management - Disclosure of Market Risk (Details) - NZD ($) $ in Thousands	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017
Trade Receivables [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	$ 378	$ 1,903	$ 2,144
Trade Receivables [Member] \| AUD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	51	328	424
Trade Receivables [Member] \| US [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	42	199	211
Trade Receivables [Member] \| GBP [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets
Trade Receivables [Member] \| EUR [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	285	1,376	1,509
Trade Receivables [Member] \| HKD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets
Trade Payables [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial liabilities	9,111	12,146	9,051
Trade Payables [Member] \| AUD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial liabilities	1	781	315
Trade Payables [Member] \| US [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial liabilities	9,035	11,209	8,557
Trade Payables [Member] \| GBP [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial liabilities	8	74	131
Trade Payables [Member] \| EUR [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial liabilities	61	29	32
Trade Payables [Member] \| HKD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial liabilities	7	53	16
Cash and Cash Equivalents [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	829	9,185	1,874
Cash and Cash Equivalents [Member] \| AUD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	623	1,660	926
Cash and Cash Equivalents [Member] \| US [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	149	7,190	401
Cash and Cash Equivalents [Member] \| GBP [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	38	77	131
Cash and Cash Equivalents [Member] \| EUR [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	8	92	388
Cash and Cash Equivalents [Member] \| HKD [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Foreign currency denominated financial assets	$ 11	$ 165	$ 28

Financial Risk Management - Sensitivity Analysis for Types of Market Risk (Details) - NZD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016
10% Increase [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	$ 200	$ 402	$ 642
10% Decrease [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	(200)	(402)	(642)
US [Member] \| 10% Increase [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	(954)	(1,509)	(1,196)
US [Member] \| 10% Decrease [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	954	1,509	1,196
AUD [Member] \| 10% Increase [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	(5)	(805)	86
AUD [Member] \| 10% Decrease [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	5	805	(86)
GBP [Member] \| 10% Increase [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	(1)	(175)	34
GBP [Member] \| 10% Decrease [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	1	175	(34)
EUR [Member] \| 10% Increase [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	(32)	(136)	186
EUR [Member] \| 10% Decrease [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	32	136	(186)
HKD [Member] \| 10% Increase [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	(1)	(14)	1
HKD [Member] \| 10% Decrease [Member]
DisclosureOfFinancialRiskManagementLineItems [Line Items]
Risk exposure associated with instruments sharing characteristic	$ 1	$ 14	$ (1)