6-K Filing

CENNTRO INC. CIK: 1707919 Q2 2020

Filing Information

Form Type	6-K
Accession Number	`0001493152-20-000143`
Period End Date	20190731
Filing Date	20200103
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	nakd-20190731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 40 Cash Flow Statement 44 Stockholders Equity 22

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	1.52M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	4.17M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	10.74M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	9.65M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	5.69M	NZD	Point-in-time
Inventories	`Inventories`	21.12M	NZD	Point-in-time
Inventories	`Inventories`	17.96M	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	215,000.00	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	240,000.00	NZD	Point-in-time
Related party receivable	`AmountsReceivableRelatedPartyTransactions`	282,000.00	NZD	Point-in-time
Related party receivable	`AmountsReceivableRelatedPartyTransactions`	-	NZD	Point-in-time
Total current assets	`CurrentAssets`	33.23M	NZD	Point-in-time
Total current assets	`CurrentAssets`	25.42M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	4.05M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	4.19M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	3.76M	NZD	Point-in-time
Right-of-use assets	`RightofuseAssets`	25.68M	NZD	Point-in-time
Right-of-use assets	`RightofuseAssets`	26.16M	NZD	Point-in-time
Deferred tax assets	`DeferredTaxAssets`	-	NZD	Point-in-time
Deferred tax assets	`DeferredTaxAssets`	692,000.00	NZD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	37.86M	NZD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	32.43M	NZD	Point-in-time
Total non-current assets	`NoncurrentAssets`	42.32M	NZD	Point-in-time
Total non-current assets	`NoncurrentAssets`	62.30M	NZD	Point-in-time
Total assets	`Assets`	87.72M	NZD	Point-in-time
Total assets	`Assets`	75.55M	NZD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	35.55M	NZD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	25.12M	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	25.98M	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	20.97M	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	-	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	7.92M	NZD	Point-in-time
Foreign currency derivative financial instruments	`CurrentDerivativeFinancialLiabilities`	1.48M	NZD	Point-in-time
Foreign currency derivative financial instruments	`CurrentDerivativeFinancialLiabilities`	-	NZD	Point-in-time
Provisions	`CurrentProvisions`	921,000.00	NZD	Point-in-time
Provisions	`CurrentProvisions`	863,000.00	NZD	Point-in-time
Related party payable	`TradeAndOtherCurrentPayablesToRelatedParties`	2.65M	NZD	Point-in-time
Related party payable	`TradeAndOtherCurrentPayablesToRelatedParties`	3.74M	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	62.66M	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	62.53M	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	2.37M	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	1.52M	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	-	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	19.66M	NZD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	21.18M	NZD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	2.37M	NZD	Point-in-time
Total liabilities	`Liabilities`	83.70M	NZD	Point-in-time
Total liabilities	`Liabilities`	65.03M	NZD	Point-in-time
Net assets	`NetAssetsLiabilities`	10.52M	NZD	Point-in-time
Net assets	`NetAssetsLiabilities`	4.02M	NZD	Point-in-time
Share capital	`IssuedCapital`	134.18M	NZD	Point-in-time
Share capital	`IssuedCapital`	155.54M	NZD	Point-in-time
Other reserves	`OtherReserves`	-499,000.00	NZD	Point-in-time
Other reserves	`OtherReserves`	-2.01M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-121.65M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-151.02M	NZD	Point-in-time
Total equity	`Equity`	4.02M	NZD	Point-in-time
Total equity	`Equity`	10.52M	NZD	Point-in-time
Total equity	`Equity`	-5.71M	NZD	Point-in-time
Total equity	`Equity`	16.23M	NZD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenue`	56.75M	NZD	2 Qtrs
Revenue	`Revenue`	42.09M	NZD	2 Qtrs
Cost of sale of goods	`CostOfSales`	28.13M	NZD	2 Qtrs
Cost of sale of goods	`CostOfSales`	39.07M	NZD	2 Qtrs
Gross profit	`GrossProfit`	17.68M	NZD	2 Qtrs
Gross profit	`GrossProfit`	13.96M	NZD	2 Qtrs
Brand management	`BrandManagementExpenses`	25.40M	NZD	2 Qtrs
Brand management	`BrandManagementExpenses`	17.18M	NZD	2 Qtrs
Administrative expenses	`AdministrativeExpense`	1.85M	NZD	2 Qtrs
Administrative expenses	`AdministrativeExpense`	5.12M	NZD	2 Qtrs
Corporate expenses	`OtherExpenseByFunction`	7.90M	NZD	2 Qtrs
Corporate expenses	`OtherExpenseByFunction`	5.66M	NZD	2 Qtrs
Finance expenses	`FinanceCosts`	2.45M	NZD	2 Qtrs
Finance expenses	`FinanceCosts`	2.23M	NZD	2 Qtrs
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	5.85M	NZD	2 Qtrs
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	5.16M	NZD	2 Qtrs
Impairment expense	`ImpairmentLoss`	4.18M	NZD	2 Qtrs
Impairment expense	`ImpairmentLoss`	6.85M	NZD	2 Qtrs
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	3.54M	NZD	2 Qtrs
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	953,000.00	NZD	2 Qtrs
Fair value gain/(loss) on convertible notes derivatives	`FairValueGainLossOnConvertibleNotesDerivative`	-	NZD	2 Qtrs
Fair value gain/(loss) on convertible notes derivatives	`FairValueGainLossOnConvertibleNotesDerivative`	-775,000.00	NZD	2 Qtrs
Loss before income tax	`ProfitLossBeforeTax`	-26.50M	NZD	2 Qtrs
Loss before income tax	`ProfitLossBeforeTax`	-27.97M	NZD	2 Qtrs
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	-411,000.00	NZD	2 Qtrs
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	761,000.00	NZD	2 Qtrs
Loss for the period	`ProfitLoss`	-28.73M	NZD	2 Qtrs
Loss for the period	`ProfitLoss`	-26.09M	NZD	2 Qtrs
Exchange rate difference on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	1.51M	NZD	2 Qtrs
Exchange rate difference on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	-420,000.00	NZD	2 Qtrs
Other comprehensive loss for the period, net of tax	`OtherComprehensiveIncome`	1.51M	NZD	2 Qtrs
Other comprehensive loss for the period, net of tax	`OtherComprehensiveIncome`	-420,000.00	NZD	2 Qtrs
Total comprehensive loss for the period	`ComprehensiveIncome`	-27.21M	NZD	2 Qtrs
Total comprehensive loss for the period	`ComprehensiveIncome`	-26.52M	NZD	2 Qtrs
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-26.52M	NZD	2 Qtrs
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-27.21M	NZD	2 Qtrs
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	-0.52	NZD	2 Qtrs
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	-1.28	NZD	2 Qtrs
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	-1.28	NZD	2 Qtrs
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	-0.52	NZD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	65.13M	NZD	2 Qtrs
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	51.76M	NZD	2 Qtrs
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	70.00M	NZD	2 Qtrs
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	62.12M	NZD	2 Qtrs
Proceeds from payments for settlement of financial assets at fair value through profit or loss	`ProceedsFromPaymentsForSettlementOfFinancialAssetsAtFairValue`	-655,000.00	NZD	2 Qtrs
Proceeds from payments for settlement of financial assets at fair value through profit or loss	`ProceedsFromPaymentsForSettlementOfFinancialAssetsAtFairValue`	-729,000.00	NZD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	216,000.00	NZD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	51,000.00	NZD	2 Qtrs
Net cash outflow from operating activities	`CashFlowsFromUsedInOperatingActivities`	-4.43M	NZD	2 Qtrs
Net cash outflow from operating activities	`CashFlowsFromUsedInOperatingActivities`	-9.69M	NZD	2 Qtrs
Payments for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	31,000.00	NZD	2 Qtrs
Payments for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	-	NZD	2 Qtrs
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	605,000.00	NZD	2 Qtrs
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	148,000.00	NZD	2 Qtrs
Proceeds from business combination, net of cash acquired	`ProceedsFromBusinessCombinationNetOfCashAcquired`	592,000.00	NZD	2 Qtrs
Proceeds from business combination, net of cash acquired	`ProceedsFromBusinessCombinationNetOfCashAcquired`	-	NZD	2 Qtrs
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	413,000.00	NZD	2 Qtrs
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	-605,000.00	NZD	2 Qtrs
Proceeds from issue of shares	`ProceedsFromIssuingShares`	9.92M	NZD	2 Qtrs
Proceeds from issue of shares	`ProceedsFromIssuingShares`	17.16M	NZD	2 Qtrs
Proceeds from borrowings - Convertible notes issued	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	-	NZD	2 Qtrs
Proceeds from borrowings - Convertible notes issued	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	4.57M	NZD	2 Qtrs
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	18.49M	NZD	2 Qtrs
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	-	NZD	2 Qtrs
Debt issuance costs	`PaymentsForDebtIssueCosts`	87,000.00	NZD	2 Qtrs
Debt issuance costs	`PaymentsForDebtIssueCosts`	-	NZD	2 Qtrs
Repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	-	NZD	2 Qtrs
Repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	3.79M	NZD	2 Qtrs
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	999,000.00	NZD	2 Qtrs
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	975,000.00	NZD	2 Qtrs
Net cash inflow/(outflow) from financing activities	`CashFlowsFromUsedInFinancingActivities`	-2.41M	NZD	2 Qtrs
Net cash inflow/(outflow) from financing activities	`CashFlowsFromUsedInFinancingActivities`	9.73M	NZD	2 Qtrs
Net decrease in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	-6.42M	NZD	2 Qtrs
Net decrease in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	-560,000.00	NZD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	1.52M	NZD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	4.17M	NZD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	10.74M	NZD	Point-in-time
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	120,000.00	NZD	2 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	-141,000.00	NZD	2 Qtrs
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	1.52M	NZD	Point-in-time
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	4.17M	NZD	Point-in-time
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	10.74M	NZD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`Equity`	4.02M	NZD	Point-in-time
Balance	`Equity`	10.52M	NZD	Point-in-time
Balance	`Equity`	-5.71M	NZD	Point-in-time
Balance	`Equity`	16.23M	NZD	Point-in-time
Adoption of IFRS 16 (Note 4)	`LeaseAdoption`	-639,000.00	NZD	2 Qtrs
Restated total equity	`RestatedEquity`	9.88M	NZD	2 Qtrs
Loss for the half year	`ProfitLoss`	-28.73M	NZD	2 Qtrs
Loss for the half year	`ProfitLoss`	-26.09M	NZD	2 Qtrs
Other comprehensive income/(loss) for the half year	`OtherComprehensiveIncome`	1.51M	NZD	2 Qtrs
Other comprehensive income/(loss) for the half year	`OtherComprehensiveIncome`	-420,000.00	NZD	2 Qtrs
Total comprehensive loss for the half year	`ComprehensiveIncome`	-27.21M	NZD	2 Qtrs
Total comprehensive loss for the half year	`ComprehensiveIncome`	-26.52M	NZD	2 Qtrs
Issuance of new shares	`IssueOfEquity`	30.10M	NZD	2 Qtrs
Issuance of new shares	`IssueOfEquity`	19.71M	NZD	2 Qtrs
Issuance of new shares from business combinations	`IssuanceNewSharesFromBusinessCombination`	14.20M	NZD	2 Qtrs
Conversion of convertible notes	`ConversionOfConvertibleNotes`	4.16M	NZD	2 Qtrs
Warrants issued	`WarrantsIssued`	191,000.00	NZD	2 Qtrs
Conversion of debt	`ConversionOfDebt`	1.45M	NZD	2 Qtrs
Balance	`Equity`	4.02M	NZD	Point-in-time
Balance	`Equity`	10.52M	NZD	Point-in-time
Balance	`Equity`	-5.71M	NZD	Point-in-time
Balance	`Equity`	16.23M	NZD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.