6-K Filing

CENNTRO INC. CIK: 1707919 Q2 2020

Filing Information

Form Type	6-K
Accession Number	`0001493152-20-020477`
Period End Date	20200731
Filing Date	20201104
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	nakd-20200731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 42 Cash Flow Statement 44 Stockholders Equity 21

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	1.52M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	3.79M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	18.12M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	6.06M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	4.92M	NZD	Point-in-time
Inventories	`Inventories`	16.93M	NZD	Point-in-time
Inventories	`Inventories`	23.54M	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	82,000.00	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	4,000.00	NZD	Point-in-time
Total current assets	`CurrentAssets`	33.39M	NZD	Point-in-time
Total current assets	`CurrentAssets`	40.05M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	4.19M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	3.04M	NZD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	2.09M	NZD	Point-in-time
Right-of-use assets	`RightofuseAssets`	23.81M	NZD	Point-in-time
Right-of-use assets	`RightofuseAssets`	21.28M	NZD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	26.40M	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`	49.77M	NZD	Point-in-time
Total assets	`Assets`	89.81M	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`	17.18M	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	19.21M	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	16.30M	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	8.11M	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	7.34M	NZD	Point-in-time
Provisions	`CurrentProvisions`	5.84M	NZD	Point-in-time
Provisions	`CurrentProvisions`	9.44M	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	55.60M	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	50.25M	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	17.72M	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	17.49M	NZD	Point-in-time
Borrowings	`NoncurrentPortionOfOtherNoncurrentBorrowings`	19.70M	NZD	Point-in-time
Borrowings	`NoncurrentPortionOfOtherNoncurrentBorrowings`	22.39M	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	1.80M	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	1.39M	NZD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	41.27M	NZD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	39.21M	NZD	Point-in-time
Total liabilities	`Liabilities`	94.81M	NZD	Point-in-time
Total liabilities	`Liabilities`	91.52M	NZD	Point-in-time
Net assets/(liabilities)	`NetAssetsLiabilities`	-6.28M	NZD	Point-in-time
Net assets/(liabilities)	`NetAssetsLiabilities`	-1.71M	NZD	Point-in-time
Share capital	`IssuedCapital`	194.47M	NZD	Point-in-time
Share capital	`IssuedCapital`	170.19M	NZD	Point-in-time
Other reserves	`OtherReserves`	-1.12M	NZD	Point-in-time
Other reserves	`OtherReserves`	118,000.00	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-195.05M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-176.59M	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`	-1.71M	NZD	Point-in-time
Total equity	`Equity`	-6.28M	NZD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenue`	34.56M	NZD	2 Qtrs
Revenue	`Revenue`	42.09M	NZD	2 Qtrs
Cost of sale of goods	`CostOfSales`	20.43M	NZD	2 Qtrs
Cost of sale of goods	`CostOfSales`	28.13M	NZD	2 Qtrs
Gross profit	`GrossProfit`	14.14M	NZD	2 Qtrs
Gross profit	`GrossProfit`	13.96M	NZD	2 Qtrs
Other income	`OtherIncome`	3.16M	NZD	2 Qtrs
Other income	`OtherIncome`	-	NZD	2 Qtrs
Rent concessions received	`RentConcessionsReceived`	-	NZD	2 Qtrs
Rent concessions received	`RentConcessionsReceived`	722,000.00	NZD	2 Qtrs
Brand management expenses	`BrandManagementExpenses`	14.13M	NZD	2 Qtrs
Brand management expenses	`BrandManagementExpenses`	17.18M	NZD	2 Qtrs
Administrative expenses	`AdministrativeExpense`	4.96M	NZD	2 Qtrs
Administrative expenses	`AdministrativeExpense`	5.12M	NZD	2 Qtrs
Corporate expenses	`OtherExpenseByFunction`	3.96M	NZD	2 Qtrs
Corporate expenses	`OtherExpenseByFunction`	5.66M	NZD	2 Qtrs
Finance expenses	`FinanceCosts`	2.23M	NZD	2 Qtrs
Finance expenses	`FinanceCosts`	4.16M	NZD	2 Qtrs
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	8.33M	NZD	2 Qtrs
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	5.85M	NZD	2 Qtrs
Impairment expense	`ImpairmentLoss`	2.81M	NZD	2 Qtrs
Impairment expense	`ImpairmentLoss`	6.85M	NZD	2 Qtrs
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	1.91M	NZD	2 Qtrs
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	953,000.00	NZD	2 Qtrs
Loss before income tax	`ProfitLossBeforeTax`	-27.97M	NZD	2 Qtrs
Loss before income tax	`ProfitLossBeforeTax`	-18.41M	NZD	2 Qtrs
Income tax expense	`IncomeTaxExpenseContinuingOperations`	761,000.00	NZD	2 Qtrs
Income tax expense	`IncomeTaxExpenseContinuingOperations`	41,000.00	NZD	2 Qtrs
Loss for the period	`ProfitLoss`	-18.45M	NZD	2 Qtrs
Loss for the period	`ProfitLoss`	-28.73M	NZD	2 Qtrs
Exchange rate differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	-1.24M	NZD	2 Qtrs
Exchange rate differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	1.51M	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`	-1.24M	NZD	2 Qtrs
Total comprehensive loss for the period	`ComprehensiveIncome`	-27.21M	NZD	2 Qtrs
Total comprehensive loss for the period	`ComprehensiveIncome`	-19.70M	NZD	2 Qtrs
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-27.21M	NZD	2 Qtrs
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-19.70M	NZD	2 Qtrs
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	-1.43	NZD	2 Qtrs
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	-52.23	NZD	2 Qtrs
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	-1.43	NZD	2 Qtrs
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	-52.23	NZD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	51.76M	NZD	2 Qtrs
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	38.76M	NZD	2 Qtrs
Proceeds from Government subsidies	`ProceedsFromGovernmentSubsidies`	2.51M	NZD	2 Qtrs
Proceeds from Government subsidies	`ProceedsFromGovernmentSubsidies`	-	NZD	2 Qtrs
Rent concessions received	`RentConcessionsReceived`	-	NZD	2 Qtrs
Rent concessions received	`RentConcessionsReceived`	722,000.00	NZD	2 Qtrs
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	62.12M	NZD	2 Qtrs
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	41.58M	NZD	2 Qtrs
Proceeds from payments for settlement of financial assets at fair value through profit or loss	`ProceedsFromPaymentsForSettlementOfFinancialAssetsAtFairValue`	-	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`	51,000.00	NZD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	41,000.00	NZD	2 Qtrs
Net cash inflow/(outflow) from operating activities	`CashFlowsFromUsedInOperatingActivities`	-9.69M	NZD	2 Qtrs
Net cash inflow/(outflow) from operating activities	`CashFlowsFromUsedInOperatingActivities`	378,000.00	NZD	2 Qtrs
Payment for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	-	NZD	2 Qtrs
Payment for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	86,000.00	NZD	2 Qtrs
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	157,000.00	NZD	2 Qtrs
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	605,000.00	NZD	2 Qtrs
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	-243,000.00	NZD	2 Qtrs
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	-605,000.00	NZD	2 Qtrs
Proceeds from issue of shares	`ProceedsFromIssuingShares`	-	NZD	2 Qtrs
Proceeds from issue of shares	`ProceedsFromIssuingShares`	9.92M	NZD	2 Qtrs
Proceeds from borrowings - Convertible notes issued	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	19.31M	NZD	2 Qtrs
Proceeds from borrowings - Convertible notes issued	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	4.57M	NZD	2 Qtrs
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	1.20M	NZD	2 Qtrs
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	-	NZD	2 Qtrs
Repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	3.43M	NZD	2 Qtrs
Repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	3.79M	NZD	2 Qtrs
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	975,000.00	NZD	2 Qtrs
Interest paid	`InterestPaidClassifiedAsOperatingActivities`	540,000.00	NZD	2 Qtrs
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	14.14M	NZD	2 Qtrs
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	9.73M	NZD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	-560,000.00	NZD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	14.27M	NZD	2 Qtrs
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	1.52M	NZD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	3.79M	NZD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	18.12M	NZD	Point-in-time
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	55,000.00	NZD	2 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	120,000.00	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`	3.79M	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`	18.12M	NZD	Point-in-time

Stockholders Equity 21 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`	-1.71M	NZD	Point-in-time
Balance	`Equity`	-6.28M	NZD	Point-in-time
Adoption of IFRS 16	`LeaseAdoption`	-639,000.00	NZD	2 Qtrs
Restated total equity	`RestatedEquity`	9.88M	NZD	2 Qtrs
Loss for the half year	`ProfitLoss`	-18.45M	NZD	2 Qtrs
Loss for the half year	`ProfitLoss`	-28.73M	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`	-1.24M	NZD	2 Qtrs
Total comprehensive loss for the half year	`ComprehensiveIncome`	-27.21M	NZD	2 Qtrs
Total comprehensive loss for the half year	`ComprehensiveIncome`	-19.70M	NZD	2 Qtrs
Warrants issued	`WarrantsIssued`	191,000.00	NZD	2 Qtrs
Issuance of new shares	`IssueOfEquity`	19.71M	NZD	2 Qtrs
Conversion of debt	`ConversionOfDebt`	1.69M	NZD	2 Qtrs
Conversion of debt	`ConversionOfDebt`	1.45M	NZD	2 Qtrs
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	22.58M	NZD	2 Qtrs
Balance	`Equity`	4.02M	NZD	Point-in-time
Balance	`Equity`	10.52M	NZD	Point-in-time
Balance	`Equity`	-1.71M	NZD	Point-in-time
Balance	`Equity`	-6.28M	NZD	Point-in-time

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