20-F Filing

CENNTRO INC. CIK: 1707919 FY 2019

Filing Information

Form Type	20-F
Accession Number	`0001493152-20-008013`
Period End Date	20200131
Filing Date	20200508
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	nakd-20200131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 66 Cash Flow Statement 62 Stockholders Equity 28

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	3.79M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	10.74M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	2.64M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	9.65M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	6.06M	NZD	Point-in-time
Inventories	`Inventories`	23.54M	NZD	Point-in-time
Inventories	`Inventories`	21.12M	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	4,000.00	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	355,000.00	NZD	Point-in-time
Related party receivables	`AmountsReceivableRelatedPartyTransactions`	282,000.00	NZD	Point-in-time
Related party receivables	`AmountsReceivableRelatedPartyTransactions`	-	NZD	Point-in-time
Total current assets	`CurrentAssets`	33.37M	NZD	Point-in-time
Total current assets	`CurrentAssets`	33.39M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	4.74M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	3.04M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	3.76M	NZD	Point-in-time
Right-of-use assets	`RightofuseAssets`	26.16M	NZD	Point-in-time
Right-of-use assets	`RightofuseAssets`	23.81M	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`	28.29M	NZD	Point-in-time
Total non-current assets	`NoncurrentAssets`	55.14M	NZD	Point-in-time
Total non-current assets	`NoncurrentAssets`	42.32M	NZD	Point-in-time
Total assets	`Assets`	75.69M	NZD	Point-in-time
Total assets	`Assets`	88.53M	NZD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	22.43M	NZD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	35.55M	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	8.11M	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	-	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	19.21M	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	20.97M	NZD	Point-in-time
Derivative financial instruments	`CurrentDerivativeFinancialLiabilities`	-	NZD	Point-in-time
Derivative financial instruments	`CurrentDerivativeFinancialLiabilities`	1.48M	NZD	Point-in-time
Current tax liabilities	`CurrentTaxLiabilitiesCurrent`	140,000.00	NZD	Point-in-time
Current tax liabilities	`CurrentTaxLiabilitiesCurrent`	-	NZD	Point-in-time
Related party payables	`TradeAndOtherCurrentPayablesToRelatedParties`	3.74M	NZD	Point-in-time
Related party payables	`TradeAndOtherCurrentPayablesToRelatedParties`	-	NZD	Point-in-time
Provisions	`CurrentProvisions`	921,000.00	NZD	Point-in-time
Provisions	`CurrentProvisions`	5.84M	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	62.80M	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	55.60M	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	-	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	17.72M	NZD	Point-in-time
Borrowings	`LongtermBorrowings`	19.70M	NZD	Point-in-time
Borrowings	`LongtermBorrowings`	-	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	2.37M	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	1.80M	NZD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	39.21M	NZD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	2.37M	NZD	Point-in-time
Total liabilities	`Liabilities`	94.81M	NZD	Point-in-time
Total liabilities	`Liabilities`	65.17M	NZD	Point-in-time
Net (liabilities)/assets	`NetAssetsLiabilities`	10.52M	NZD	Point-in-time
Net (liabilities)/assets	`NetAssetsLiabilities`	-6.28M	NZD	Point-in-time
Share capital	`IssuedCapital`	170.19M	NZD	Point-in-time
Share capital	`IssuedCapital`	134.18M	NZD	Point-in-time
Other reserves	`OtherReserves`	-2.01M	NZD	Point-in-time
Other reserves	`OtherReserves`	118,000.00	NZD	Point-in-time
Other reserves	`OtherReserves`	-2.01M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-72.43M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-121.65M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-176.59M	NZD	Point-in-time
Total Equity	`Equity`	-9.04M	NZD	Point-in-time
Total Equity	`Equity`	-5.71M	NZD	Point-in-time
Total Equity	`Equity`	-6.28M	NZD	Point-in-time
Total Equity	`Equity`	10.52M	NZD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenue`	131.39M	NZD	Annual
Revenue	`Revenue`	90.06M	NZD	Annual
Revenue	`Revenue`	111.92M	NZD	Annual
Cost of goods sold	`CostOfSales`	74.48M	NZD	Annual
Cost of goods sold	`CostOfSales`	56.25M	NZD	Annual
Cost of goods sold	`CostOfSales`	87.46M	NZD	Annual
Gross profit	`GrossProfit`	37.44M	NZD	Annual
Gross profit	`GrossProfit`	43.93M	NZD	Annual
Gross profit	`GrossProfit`	33.82M	NZD	Annual
Brand management	`BrandManagementExpenses`	35.55M	NZD	Annual
Brand management	`BrandManagementExpenses`	53.65M	NZD	Annual
Brand management	`BrandManagementExpenses`	49.26M	NZD	Annual
Administrative expenses	`AdministrativeExpense`	4.13M	NZD	Annual
Administrative expenses	`AdministrativeExpense`	11.84M	NZD	Annual
Administrative expenses	`AdministrativeExpense`	3.43M	NZD	Annual
Corporate expenses	`OtherExpenseByFunction`	12.85M	NZD	Annual
Corporate expenses	`OtherExpenseByFunction`	14.14M	NZD	Annual
Corporate expenses	`OtherExpenseByFunction`	12.77M	NZD	Annual
Finance expense	`FinanceCosts`	5.21M	NZD	Annual
Finance expense	`FinanceCosts`	4.04M	NZD	Annual
Finance expense	`FinanceCosts`	8.79M	NZD	Annual
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	3.27M	NZD	Annual
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	14.59M	NZD	Annual
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	10.07M	NZD	Annual
Impairment expense	`ImpairmentLoss`	8.90M	NZD	Annual
Impairment expense	`ImpairmentLoss`	1.91M	NZD	Annual
Impairment expense	`ImpairmentLoss`	8.17M	NZD	Annual
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	1.96M	NZD	Annual
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	757,000.00	NZD	Annual
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	615,000.00	NZD	Annual
Interest income	`FinanceIncome`	-	NZD	Annual
Interest income	`FinanceIncome`	12,000.00	NZD	Annual
Interest income	`FinanceIncome`	-	NZD	Annual
Gain on sale of intangible assets	`DisposalsIntangibleAssetsAndGoodwill`	-	NZD	Annual
Gain on sale of intangible assets	`DisposalsIntangibleAssetsAndGoodwill`	906,000.00	NZD	Annual
Gain on sale of intangible assets	`DisposalsIntangibleAssetsAndGoodwill`	-	NZD	Annual
Fair value gain/(loss) on Convertible Notes derivative	`FairValueGainLossOnConvertibleNotesDerivative`	-775,000.00	NZD	Annual
Fair value gain/(loss) on Convertible Notes derivative	`FairValueGainLossOnConvertibleNotesDerivative`	2.39M	NZD	Annual
Fair value gain/(loss) on Convertible Notes derivative	`FairValueGainLossOnConvertibleNotesDerivative`	-	NZD	Annual
Loss before income tax	`ProfitLossBeforeTax`	-50.49M	NZD	Annual
Loss before income tax	`ProfitLossBeforeTax`	-37.53M	NZD	Annual
Loss before income tax	`ProfitLossBeforeTax`	-53.52M	NZD	Annual
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	-1.27M	NZD	Annual
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	782,000.00	NZD	Annual
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	60,000.00	NZD	Annual
Loss for the period	`ProfitLoss`	-54.30M	NZD	Annual
Loss for the period	`ProfitLoss`	-49.22M	NZD	Annual
Loss for the period	`ProfitLoss`	-37.59M	NZD	Annual
Exchange differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	148,000.00	NZD	Annual
Exchange differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	2.13M	NZD	Annual
Exchange differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	-7,000.00	NZD	Annual
Other comprehensive income/(loss) for the period, net of tax	`OtherComprehensiveIncome`	148,000.00	NZD	Annual
Other comprehensive income/(loss) for the period, net of tax	`OtherComprehensiveIncome`	-7,000.00	NZD	Annual
Other comprehensive income/(loss) for the period, net of tax	`OtherComprehensiveIncome`	2.13M	NZD	Annual
Total comprehensive income/(loss) for the period	`ComprehensiveIncome`	-52.17M	NZD	Annual
Total comprehensive income/(loss) for the period	`ComprehensiveIncome`	-49.23M	NZD	Annual
Total comprehensive income/(loss) for the period	`ComprehensiveIncome`	-37.45M	NZD	Annual
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-37.45M	NZD	Annual
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-52.17M	NZD	Annual
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-49.23M	NZD	Annual
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	$-200.77	USD	Annual
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	$-34.74	USD	Annual
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	$-179.03	USD	Annual
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	$-179.03	USD	Annual
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	$-200.77	USD	Annual
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	$-34.74	USD	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	140.74M	NZD	Annual
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	159.04M	NZD	Annual
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	103.46M	NZD	Annual
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	1.63B	NZD	Annual
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	149.75M	NZD	Annual
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	123.51M	NZD	Annual
Income taxes refund/(paid)	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	-146,000.00	NZD	Annual
Income taxes refund/(paid)	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	420,000.00	NZD	Annual
Income taxes refund/(paid)	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	-157,000.00	NZD	Annual
Net cash (outflow) from operating activities	`CashFlowsFromUsedInOperatingActivities`	-4.12M	NZD	Annual
Net cash (outflow) from operating activities	`CashFlowsFromUsedInOperatingActivities`	-9.43M	NZD	Annual
Net cash (outflow) from operating activities	`CashFlowsFromUsedInOperatingActivities`	-19.89M	NZD	Annual
Payment for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	118,000.00	NZD	Annual
Payment for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	151,000.00	NZD	Annual
Payment for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	-	NZD	Annual
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	2.58M	NZD	Annual
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	2.19M	NZD	Annual
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	1.29M	NZD	Annual
Proceeds from sale of intellectual property or business combination, net of cash acquired	`ProceedsFromSaleOfIntellectualPropertyOrBusinessCombinationNetOfCashAcquired`	906,000.00	NZD	Annual
Proceeds from sale of intellectual property or business combination, net of cash acquired	`ProceedsFromSaleOfIntellectualPropertyOrBusinessCombinationNetOfCashAcquired`	870,000.00	NZD	Annual
Proceeds from sale of intellectual property or business combination, net of cash acquired	`ProceedsFromSaleOfIntellectualPropertyOrBusinessCombinationNetOfCashAcquired`	-	NZD	Annual
Net cash (outflow) from investing activities	`CashFlowsFromUsedInInvestingActivities`	-2.31M	NZD	Annual
Net cash (outflow) from investing activities	`CashFlowsFromUsedInInvestingActivities`	-388,000.00	NZD	Annual
Net cash (outflow) from investing activities	`CashFlowsFromUsedInInvestingActivities`	-1.87M	NZD	Annual
Proceeds from issue of shares	`ProceedsFromIssuingShares`	23.25M	NZD	Annual
Proceeds from issue of shares	`ProceedsFromIssuingShares`	22.72M	NZD	Annual
Proceeds from issue of shares	`ProceedsFromIssuingShares`	12.59M	NZD	Annual
Proceeds from borrowings - Bank	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	-	NZD	Annual
Proceeds from borrowings - Bank	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	463,000.00	NZD	Annual
Proceeds from borrowings - Bank	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	-	NZD	Annual
Proceeds from borrowings - Convertible notes issue	`ProceedsFromBorrowingsConvertibleNotesIssue`	-21.51M	NZD	Annual
Proceeds from borrowings - Convertible notes issue	`ProceedsFromBorrowingsConvertibleNotesIssue`	-	NZD	Annual
Proceeds from borrowings - Convertible notes issue	`ProceedsFromBorrowingsConvertibleNotesIssue`	-4.52M	NZD	Annual
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	2.10M	NZD	Annual
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	18.49M	NZD	Annual
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	9.68M	NZD	Annual
Debt issuance costs	`PaymentsForDebtIssueCosts`	322,000.00	NZD	Annual
Debt issuance costs	`PaymentsForDebtIssueCosts`	-	NZD	Annual
Debt issuance costs	`PaymentsForDebtIssueCosts`	107,000.00	NZD	Annual
Repayments of lease liabilities	`RepaymentsOfSubordinatedLiabilities`	-	NZD	Annual
Repayments of lease liabilities	`RepaymentsOfSubordinatedLiabilities`	-	NZD	Annual
Repayments of lease liabilities	`RepaymentsOfSubordinatedLiabilities`	8.13M	NZD	Annual
Interest paid on borrowings	`InterestPaidClassifiedAsOperatingActivities`	2.27M	NZD	Annual
Interest paid on borrowings	`InterestPaidClassifiedAsOperatingActivities`	3.42M	NZD	Annual
Interest paid on borrowings	`InterestPaidClassifiedAsOperatingActivities`	1.77M	NZD	Annual
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	2.17M	NZD	Annual
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	22.10M	NZD	Annual
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	14.50M	NZD	Annual
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	8.07M	NZD	Annual
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	1.82M	NZD	Annual
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	-9.13M	NZD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	3.79M	NZD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	10.74M	NZD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	2.64M	NZD	Point-in-time
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	355,000.00	NZD	Annual
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	13,000.00	NZD	Annual
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	27,000.00	NZD	Annual
Cash and cash equivalents at end of the year	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalents`	3.79M	NZD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalents`	10.74M	NZD	Point-in-time
Cash and cash equivalents at end of the year	`CashAndCashEquivalents`	2.64M	NZD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`Equity`	-9.04M	NZD	Point-in-time
Balance	`Equity`	-5.71M	NZD	Point-in-time
Balance	`Equity`	-6.28M	NZD	Point-in-time
Balance	`Equity`	10.52M	NZD	Point-in-time
Loss for the year	`ProfitLoss`	-54.30M	NZD	Annual
Loss for the year	`ProfitLoss`	-49.22M	NZD	Annual
Loss for the year	`ProfitLoss`	-37.59M	NZD	Annual
Other comprehensive income loss for the year	`OtherComprehensiveIncome`	148,000.00	NZD	Annual
Other comprehensive income loss for the year	`OtherComprehensiveIncome`	-7,000.00	NZD	Annual
Other comprehensive income loss for the year	`OtherComprehensiveIncome`	2.13M	NZD	Annual
Issuance new shares	`IssueOfEquity`	22.99M	NZD	Annual
Issuance new shares	`IssueOfEquity`	12.59M	NZD	Annual
Issuance new shares	`IssueOfEquity`	40.23M	NZD	Annual
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	17.79M	NZD	Annual
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	5.98M	NZD	Annual
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	4.16M	NZD	Annual
Issuance new shares from business combination Naked	`IssuanceNewSharesFromBusinessCombination`	14.20M	NZD	Annual
Issuance new shares for the acquisition of FOH Online Corp	`IssuanceNewSharesForAcquisition`	6.87M	NZD	Annual
Adoption of IFRS 16 (note 3)	`AdoptionOfIfrsSixteenRetainedEarnings`	-639,000.00	NZD	Point-in-time
Shares issued in lieu of inventory payment	`SharesIssuedInLieuOfInventoryPayment`	-	NZD	Annual
Shares issued in lieu of inventory payment	`SharesIssuedInLieuOfInventoryPayment`	-	NZD	Annual
Shares issued in lieu of inventory payment	`SharesIssuedInLieuOfInventoryPayment`	5.94M	NZD	Annual
Warrants issued	`WarrantsIssued`	374,000.00	NZD	Annual
Conversion of debt	`ConversionOfDebt`	1.55M	NZD	Annual
Balance	`Equity`	-9.04M	NZD	Point-in-time
Balance	`Equity`	-5.71M	NZD	Point-in-time
Balance	`Equity`	-6.28M	NZD	Point-in-time
Balance	`Equity`	10.52M	NZD	Point-in-time

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