20-F Filing

CENNTRO INC. CIK: 1707919 FY 2020

Filing Information

Form Type	20-F
Accession Number	`0001493152-21-012133`
Period End Date	20210131
Filing Date	20210518
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	nakd-20210131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 69 Cash Flow Statement 65 Stockholders Equity 31

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	3.79M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	90.92M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	1.96M	NZD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	10.74M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	6.06M	NZD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	8.13M	NZD	Point-in-time
Inventories	`Inventories`	16.60M	NZD	Point-in-time
Inventories	`Inventories`	23.54M	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	4,000.00	NZD	Point-in-time
Current tax receivable	`CurrentTaxAssetsCurrent`	-	NZD	Point-in-time
Total current assets	`CurrentAssets`	33.39M	NZD	Point-in-time
Total current assets	`CurrentAssets`	115.66M	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
Property, plant and equipment	`PropertyPlantAndEquipment`	2.98M	NZD	Point-in-time
Right-of-use assets	`RightofuseAssets`	18.40M	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
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	28.29M	NZD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	22.85M	NZD	Point-in-time
Total non-current assets	`NoncurrentAssets`	55.14M	NZD	Point-in-time
Total non-current assets	`NoncurrentAssets`	44.23M	NZD	Point-in-time
Total assets	`Assets`	88.53M	NZD	Point-in-time
Total assets	`Assets`	159.88M	NZD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	22.43M	NZD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	28.73M	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	6.96M	NZD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	8.11M	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	19.21M	NZD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	14.49M	NZD	Point-in-time
Derivative financial liabilities	`CurrentDerivativeFinancialLiabilities`	-	NZD	Point-in-time
Derivative financial liabilities	`CurrentDerivativeFinancialLiabilities`	629,000.00	NZD	Point-in-time
Current tax liabilities	`CurrentTaxLiabilitiesCurrent`	-	NZD	Point-in-time
Current tax liabilities	`CurrentTaxLiabilitiesCurrent`	205,000.00	NZD	Point-in-time
Provisions	`CurrentProvisions`	5.84M	NZD	Point-in-time
Provisions	`CurrentProvisions`	870,000.00	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	55.60M	NZD	Point-in-time
Total current liabilities	`CurrentLiabilities`	51.88M	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	14.60M	NZD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	17.72M	NZD	Point-in-time
Convertible loan notes	`NoncurrentConvertibleLoanNotes`	3.00M	NZD	Point-in-time
Convertible loan notes	`NoncurrentConvertibleLoanNotes`	19.70M	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	1.21M	NZD	Point-in-time
Provisions	`NoncurrentProvisions`	1.80M	NZD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	18.81M	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`	70.69M	NZD	Point-in-time
Net assets/(liabilities)	`NetAssetsLiabilities`	89.19M	NZD	Point-in-time
Net assets/(liabilities)	`NetAssetsLiabilities`	-6.28M	NZD	Point-in-time
Share capital	`IssuedCapital`	170.19M	NZD	Point-in-time
Share capital	`IssuedCapital`	338.50M	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`	-4.37M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-176.59M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-121.65M	NZD	Point-in-time
Accumulated losses	`RetainedEarnings`	-244.94M	NZD	Point-in-time
Total Equity	`Equity`	89.19M	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`	-6.28M	NZD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenue`	111.92M	NZD	Annual
Revenue	`Revenue`	90.06M	NZD	Annual
Revenue	`Revenue`	80.04M	NZD	Annual
Cost of goods sold	`CostOfSales`	46.15M	NZD	Annual
Cost of goods sold	`CostOfSales`	74.48M	NZD	Annual
Cost of goods sold	`CostOfSales`	56.25M	NZD	Annual
Gross profit	`GrossProfit`	33.89M	NZD	Annual
Gross profit	`GrossProfit`	37.44M	NZD	Annual
Gross profit	`GrossProfit`	33.82M	NZD	Annual
Other income	`OtherIncome`	-	NZD	Annual
Other income	`OtherIncome`	4.22M	NZD	Annual
Other income	`OtherIncome`	-	NZD	Annual
Brand management expenses	`BrandManagementExpenses`	28.88M	NZD	Annual
Brand management expenses	`BrandManagementExpenses`	49.26M	NZD	Annual
Brand management expenses	`BrandManagementExpenses`	35.55M	NZD	Annual
Administrative expenses	`AdministrativeExpense`	3.43M	NZD	Annual
Administrative expenses	`AdministrativeExpense`	11.84M	NZD	Annual
Administrative expenses	`AdministrativeExpense`	9.56M	NZD	Annual
Corporate expenses	`OtherExpenseByFunction`	12.77M	NZD	Annual
Corporate expenses	`OtherExpenseByFunction`	14.14M	NZD	Annual
Corporate expenses	`OtherExpenseByFunction`	9.35M	NZD	Annual
Finance expense	`FinanceCosts`	5.21M	NZD	Annual
Finance expense	`FinanceCosts`	8.21M	NZD	Annual
Finance expense	`FinanceCosts`	4.04M	NZD	Annual
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	22.53M	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`	4.89M	NZD	Annual
Impairment expense	`ImpairmentLoss`	8.17M	NZD	Annual
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	615,000.00	NZD	Annual
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	3.64M	NZD	Annual
Other foreign currency gains	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	1.96M	NZD	Annual
Interest income	`FinanceIncome`	5,000.00	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`	-	NZD	Annual
Gain on sale of intangible assets	`DisposalsIntangibleAssetsAndGoodwill`	906,000.00	NZD	Annual
Fair value loss on convertible notes derivative and warrants	`FairValueLossOnConvertibleNotesDerivativeAndWarrants`	-775,000.00	NZD	Annual
Fair value loss on convertible notes derivative and warrants	`FairValueLossOnConvertibleNotesDerivativeAndWarrants`	-26.55M	NZD	Annual
Fair value loss on convertible notes derivative and warrants	`FairValueLossOnConvertibleNotesDerivativeAndWarrants`	-	NZD	Annual
Loss before income tax	`ProfitLossBeforeTax`	-50.49M	NZD	Annual
Loss before income tax	`ProfitLossBeforeTax`	-68.21M	NZD	Annual
Loss before income tax	`ProfitLossBeforeTax`	-53.52M	NZD	Annual
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	134,000.00	NZD	Annual
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	-1.27M	NZD	Annual
Income tax (expense)/benefit	`IncomeTaxExpenseContinuingOperations`	782,000.00	NZD	Annual
Loss for the period	`ProfitLoss`	-49.22M	NZD	Annual
Loss for the period	`ProfitLoss`	-68.35M	NZD	Annual
Loss for the period	`ProfitLoss`	-54.30M	NZD	Annual
Exchange differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	-7,000.00	NZD	Annual
Exchange differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	2.13M	NZD	Annual
Exchange differences on translation of foreign operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation`	-4.48M	NZD	Annual
Other comprehensive (loss)/income for the period, net of tax	`OtherComprehensiveIncome`	-7,000.00	NZD	Annual
Other comprehensive (loss)/income for the period, net of tax	`OtherComprehensiveIncome`	-4.48M	NZD	Annual
Other comprehensive (loss)/income for the period, net of tax	`OtherComprehensiveIncome`	2.13M	NZD	Annual
Total comprehensive loss for the period	`ComprehensiveIncome`	-72.83M	NZD	Annual
Total comprehensive loss for the period	`ComprehensiveIncome`	-49.23M	NZD	Annual
Total comprehensive loss for the period	`ComprehensiveIncome`	-52.17M	NZD	Annual
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-52.17M	NZD	Annual
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-72.83M	NZD	Annual
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	-49.23M	NZD	Annual
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	-34.74	NZD	Annual
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	-0.62	NZD	Annual
Basic loss per share (NZ$)	`BasicEarningsLossPerShare`	-200.77	NZD	Annual
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	-0.62	NZD	Annual
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	-200.77	NZD	Annual
Diluted loss per share (NZ$)	`DilutedEarningsLossPerShare`	-34.74	NZD	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	87.00M	NZD	Annual
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	140.74M	NZD	Annual
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	103.46M	NZD	Annual
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	149.75M	NZD	Annual
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	123.51M	NZD	Annual
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	102.43M	NZD	Annual
Proceeds from Government wage subsidies	`ProceedsFromGovernmentSubsidies`	-	NZD	Annual
Proceeds from Government wage subsidies	`ProceedsFromGovernmentSubsidies`	2.88M	NZD	Annual
Proceeds from Government wage subsidies	`ProceedsFromGovernmentSubsidies`	-	NZD	Annual
Rent concessions received	`RentConcessionsReceived`	-	NZD	Annual
Rent concessions received	`RentConcessionsReceived`	-	NZD	Annual
Rent concessions received	`RentConcessionsReceived`	-1.34M	NZD	Annual
Income taxes refund/(paid)	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	-186,000.00	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`	-19.89M	NZD	Annual
Net cash outflow from operating activities	`CashFlowsFromUsedInOperatingActivities`	-11.02M	NZD	Annual
Net cash outflow from operating activities	`CashFlowsFromUsedInOperatingActivities`	-9.43M	NZD	Annual
Payments for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	151,000.00	NZD	Annual
Payments for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	211,000.00	NZD	Annual
Payments for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	-	NZD	Annual
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	2.58M	NZD	Annual
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	1.50M	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`	-388,000.00	NZD	Annual
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	-1.71M	NZD	Annual
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	-1.87M	NZD	Annual
Proceeds from issue of shares	`ProceedsFromIssuingShares`	12.59M	NZD	Annual
Proceeds from issue of shares	`ProceedsFromIssuingShares`	23.25M	NZD	Annual
Proceeds from issue of shares	`ProceedsFromIssuingShares`	93.69M	NZD	Annual
Proceeds from borrowings - Convertible notes issue	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	-	NZD	Annual
Proceeds from borrowings - Convertible notes issue	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	21.51M	NZD	Annual
Proceeds from borrowings - Convertible notes issue	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	19.31M	NZD	Annual
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	2.10M	NZD	Annual
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	3.40M	NZD	Annual
Repayment of borrowings - Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	18.49M	NZD	Annual
Debt issuance costs	`PaymentsForDebtIssueCosts`	-	NZD	Annual
Debt issuance costs	`PaymentsForDebtIssueCosts`	322,000.00	NZD	Annual
Debt issuance costs	`PaymentsForDebtIssueCosts`	-	NZD	Annual
Principal repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	8.13M	NZD	Annual
Principal repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	7.14M	NZD	Annual
Principal repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	-	NZD	Annual
Interest paid on borrowings	`InterestPaidClassifiedAsFinancingActivities`	1.17M	NZD	Annual
Interest paid on borrowings	`InterestPaidClassifiedAsFinancingActivities`	1.77M	NZD	Annual
Interest paid on borrowings	`InterestPaidClassifiedAsFinancingActivities`	2.27M	NZD	Annual
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	101.30M	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 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
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	88.57M	NZD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	3.79M	NZD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalents`	90.92M	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`	10.74M	NZD	Point-in-time
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`	355,000.00	NZD	Annual
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	-1.44M	NZD	Annual
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`	90.92M	NZD	Point-in-time
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`	10.74M	NZD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Balance	`Equity`	89.19M	NZD	Point-in-time
Balance	`Equity`	10.52M	NZD	Point-in-time
Balance	`Equity`	-5.71M	NZD	Point-in-time
Balance	`Equity`	-6.28M	NZD	Point-in-time
Adoption of IFRS 16	`LeaseAdoption`	-639,000.00	NZD	Annual
Restated total equity	`RestatedEquity`	9.88M	NZD	Annual
Loss for the year	`ProfitLoss`	-49.22M	NZD	Annual
Loss for the year	`ProfitLoss`	-68.35M	NZD	Annual
Loss for the year	`ProfitLoss`	-54.30M	NZD	Annual
Other comprehensive income for the year	`OtherComprehensiveIncome`	-7,000.00	NZD	Annual
Other comprehensive income for the year	`OtherComprehensiveIncome`	-4.48M	NZD	Annual
Other comprehensive income for the year	`OtherComprehensiveIncome`	2.13M	NZD	Annual
Issuance new shares for cash	`IssueOfEquity`	40.23M	NZD	Annual
Issuance new shares for cash	`IssueOfEquity`	93.69M	NZD	Annual
Issuance new shares for cash	`IssueOfEquity`	12.59M	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
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	5.98M	NZD	Annual
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	4.16M	NZD	Annual
Shares issued in lieu of inventory payment	`SharesIssuedInLieuOfInventoryPayment`	15.53M	NZD	Annual
Shares issued in lieu of inventory payment	`SharesIssuedInLieuOfInventoryPayment`	-	NZD	Annual
Shares issued in lieu of inventory payment	`SharesIssuedInLieuOfInventoryPayment`	-	NZD	Annual
Warrants issued	`WarrantsIssued`	374,000.00	NZD	Annual
Conversion of debt	`ConversionOfDebt`	1.55M	NZD	Annual
Conversion of debt	`ConversionOfDebt`	1.69M	NZD	Annual
Shares issued in lieu of agreed settlement	`SharesIssuedInLieuOfAgreedSettlement`	5.50M	NZD	Annual
Convertible notes converted to equity and exercise of warrant exchanges	`ConvertibleNotesConvertedToEquityAndExerciseOfWarrantExchanges`	67.42M	NZD	Annual
Balance	`Equity`	89.19M	NZD	Point-in-time
Balance	`Equity`	10.52M	NZD	Point-in-time
Balance	`Equity`	-5.71M	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.