6-K Filing

CENNTRO INC. CIK: 1707919 Q2 2022

Filing Information

Form Type	6-K
Accession Number	`0001493152-21-027261`
Period End Date	20210731
Filing Date	20211104
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	form6-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 57 Cash Flow Statement 52 Stockholders Equity 20

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalents`	$2.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$65.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$279.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalents`	$12.01M	USD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	$5.82M	USD	Point-in-time
Trade and other receivables	`TradeAndOtherCurrentReceivables`	$790.00K	USD	Point-in-time
Related party receivable	`AmountsReceivableRelatedPartyTransactions`	$1.69M	USD	Point-in-time
Inventories	`Inventories`	$11.88M	USD	Point-in-time
Inventories	`Inventories`	$3.46M	USD	Point-in-time
Other current non financial assets	`OtherCurrentNonfinancialAssets`	-	USD	Point-in-time
Other current non financial assets	`OtherCurrentNonfinancialAssets`	$1.22M	USD	Point-in-time
Total current assets	`CurrentAssets`	$82.80M	USD	Point-in-time
Total current assets	`CurrentAssets`	$286.19M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$1.38M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$2.13M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipment`	$26.00K	USD	Point-in-time
Right-of-use assets	`RightofuseAssets`	$13.17M	USD	Point-in-time
Right-of-use assets	`RightofuseAssets`	$196.00K	USD	Point-in-time
Right-of-use assets	`RightofuseAssets`	$14.11M	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	$8.56M	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	$16.36M	USD	Point-in-time
Other non-current financial assets	`OtherNoncurrentFinancialAssets`	-	USD	Point-in-time
Other non-current financial assets	`OtherNoncurrentFinancialAssets`	$148.00K	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$8.93M	USD	Point-in-time
Total non-current assets	`NoncurrentAssets`	$31.66M	USD	Point-in-time
Total assets	`Assets`	$295.12M	USD	Point-in-time
Total assets	`Assets`	$114.46M	USD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	$20.57M	USD	Point-in-time
Trade and other payables	`TradeAndOtherCurrentPayables`	$13.86M	USD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	$98.00K	USD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	$4.98M	USD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	$10.38M	USD	Point-in-time
Borrowings	`CurrentPortionOfLongtermBorrowings`	-	USD	Point-in-time
Derivative financial liabilities	`CurrentDerivativeFinancialLiabilities`	$450.00K	USD	Point-in-time
Derivative financial liabilities	`CurrentDerivativeFinancialLiabilities`	-	USD	Point-in-time
Current tax liabilities	`CurrentTaxLiabilitiesCurrent`	$147.00K	USD	Point-in-time
Current tax liabilities	`CurrentTaxLiabilitiesCurrent`	$42.00K	USD	Point-in-time
Provisions	`CurrentProvisions`	$53.00K	USD	Point-in-time
Provisions	`CurrentProvisions`	$623.00K	USD	Point-in-time
Total current liabilities	`CurrentLiabilities`	$37.14M	USD	Point-in-time
Total current liabilities	`CurrentLiabilities`	$14.05M	USD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	$10.45M	USD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	$98.00K	USD	Point-in-time
Convertible loan notes	`NoncurrentConvertibleLoanNotes`	-	USD	Point-in-time
Convertible loan notes	`NoncurrentConvertibleLoanNotes`	$2.15M	USD	Point-in-time
Provisions	`NoncurrentProvisions`	$868.00K	USD	Point-in-time
Provisions	`NoncurrentProvisions`	-	USD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	$13.47M	USD	Point-in-time
Total non-current liabilities	`NoncurrentLiabilities`	$98.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$50.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.15M	USD	Point-in-time
Net assets	`NetAssetsLiabilities`	$63.85M	USD	Point-in-time
Net assets	`NetAssetsLiabilities`	$280.97M	USD	Point-in-time
Share capital	`IssuedCapital`	$232.05M	USD	Point-in-time
Share capital	`IssuedCapital`	$494.42M	USD	Point-in-time
Other reserves	`OtherReserves`	$195.00K	USD	Point-in-time
Other reserves	`OtherReserves`	$-3.32M	USD	Point-in-time
Accumulated losses	`RetainedEarnings`	$-164.88M	USD	Point-in-time
Accumulated losses	`RetainedEarnings`	$-213.65M	USD	Point-in-time
Total equity	`Equity`	$-1.13M	USD	Point-in-time
Total equity	`Equity`	$280.97M	USD	Point-in-time
Total equity	`Equity`	$63.85M	USD	Point-in-time
Total equity	`Equity`	$-4.08M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenue`	$8.23M	USD	2 Qtrs
Revenue	`Revenue`	$6.57M	USD	2 Qtrs
Cost of sale of goods	`CostOfSales`	$5.79M	USD	2 Qtrs
Cost of sale of goods	`CostOfSales`	$4.42M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.45M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.15M	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	$84.00K	USD	2 Qtrs
Brand management expenses	`BrandManagementExpenses`	$2.86M	USD	2 Qtrs
Brand management expenses	`BrandManagementExpenses`	$2.12M	USD	2 Qtrs
Administrative expenses	`AdministrativeExpense`	$722.00K	USD	2 Qtrs
Administrative expenses	`AdministrativeExpense`	$331.00K	USD	2 Qtrs
Corporate expenses	`OtherExpenseByFunction`	$2.95M	USD	2 Qtrs
Corporate expenses	`OtherExpenseByFunction`	$928.00K	USD	2 Qtrs
Finance expenses	`FinanceCosts`	$2.15M	USD	2 Qtrs
Finance expenses	`FinanceCosts`	$44.00K	USD	2 Qtrs
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	$3.08M	USD	2 Qtrs
Brand transition, restructure and transaction expenses	`BrandTransitionRestructureAndTransactionCost`	$13.32M	USD	2 Qtrs
Impairment expense	`ImpairmentLoss`	$4.97M	USD	2 Qtrs
Impairment expense	`ImpairmentLoss`	-	USD	2 Qtrs
Other foreign currency gain/(loss)	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	$2.00M	USD	2 Qtrs
Other foreign currency gain/(loss)	`GainsLossesOnChangeInValueOfForeignCurrencyBasisSpreadsBeforeTax`	$-483.00K	USD	2 Qtrs
Fair value loss on convertible notes derivative and warrants	`FairValueLossOnConvertibleNotesDerivativeAndWarrants`	$-10.79M	USD	2 Qtrs
Fair value loss on convertible notes derivative and warrants	`FairValueLossOnConvertibleNotesDerivativeAndWarrants`	-	USD	2 Qtrs
Loss before income tax	`ProfitLossBeforeTax`	$-4.90M	USD	2 Qtrs
Loss before income tax	`ProfitLossBeforeTax`	$-33.17M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseContinuingOperations`	$33.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseContinuingOperations`	-	USD	2 Qtrs
Loss for the period from continuing operations	`ProfitLossFromContinuingOperations`	$-4.90M	USD	2 Qtrs
Loss for the period from continuing operations	`ProfitLossFromContinuingOperations`	$-33.20M	USD	2 Qtrs
Loss from discontinued operations (net of taxes)	`ProfitLossFromDiscontinuedOperations`	$-4.77M	USD	1 Quarter
Loss from discontinued operations (net of taxes)	`ProfitLossFromDiscontinuedOperations`	$-4.77M	USD	2 Qtrs
Loss from discontinued operations (net of taxes)	`ProfitLossFromDiscontinuedOperations`	$-6.66M	USD	2 Qtrs
Loss on disposal of subsidiary	`GainLossOnDisposalOfSubsidiary`	$-10.80M	USD	2 Qtrs
Loss on disposal of subsidiary	`GainLossOnDisposalOfSubsidiary`	-	USD	2 Qtrs
Total loss for the period	`ProfitLoss`	$-11.56M	USD	2 Qtrs
Total loss for the period	`ProfitLoss`	$-48.77M	USD	2 Qtrs
Exchange rate differences on translation of foreign operations continuing operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationContinuingOperations`	$1.05M	USD	2 Qtrs
Exchange rate differences on translation of foreign operations continuing operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationContinuingOperations`	-	USD	2 Qtrs
Exchange rate differences on translation of foreign operations discontinued operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationDiscontinuingOperations`	$-2.19M	USD	2 Qtrs
Exchange rate differences on translation of foreign operations discontinued operations	`OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslationDiscontinuingOperations`	$3.48M	USD	2 Qtrs
Other comprehensive loss for the period, net of tax	`OtherComprehensiveIncome`	$-1.14M	USD	2 Qtrs
Other comprehensive loss for the period, net of tax	`OtherComprehensiveIncome`	$3.48M	USD	2 Qtrs
Total comprehensive loss for the period	`ComprehensiveIncome`	$-45.29M	USD	2 Qtrs
Total comprehensive loss for the period	`ComprehensiveIncome`	$-12.70M	USD	2 Qtrs
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	$-45.29M	USD	2 Qtrs
Owners of Naked Brand Group Limited	`ComprehensiveIncomeAttributableToOwnersOfParent`	$-12.70M	USD	2 Qtrs
Basic loss per share	`BasicEarningsLossPerShareFromContinuingOperations`	$-0.04	USD	2 Qtrs
Basic loss per share	`BasicEarningsLossPerShareFromContinuingOperations`	$-0.38	USD	2 Qtrs
Diluted loss per share	`DilutedEarningsLossPerShareFromContinuingOperations`	$-0.38	USD	2 Qtrs
Diluted loss per share	`DilutedEarningsLossPerShareFromContinuingOperations`	$-0.04	USD	2 Qtrs
Basic loss per share	`BasicEarningsLossPerShareFromDiscontinuedOperations`	$-0.02	USD	1 Quarter
Basic loss per share	`BasicEarningsLossPerShareFromDiscontinuedOperations`	$-0.52	USD	2 Qtrs
Basic loss per share	`BasicEarningsLossPerShareFromDiscontinuedOperations`	$-0.02	USD	2 Qtrs
Diluted loss per share	`DilutedEarningsLossPerShareFromDiscontinuedOperations`	$-0.02	USD	1 Quarter
Diluted loss per share	`DilutedEarningsLossPerShareFromDiscontinuedOperations`	$-0.02	USD	2 Qtrs
Diluted loss per share	`DilutedEarningsLossPerShareFromDiscontinuedOperations`	$-0.52	USD	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	$21.31M	USD	2 Qtrs
Receipts from customers	`ReceiptsFromSalesOfGoodsAndRenderingOfServices`	$24.28M	USD	2 Qtrs
Receipts from related party	`ReceiptsFromRelatedParty`	$5.65M	USD	2 Qtrs
Receipts from related party	`ReceiptsFromRelatedParty`	-	USD	2 Qtrs
Proceeds from Government subsidies	`ProceedsFromGovernmentSubsidies`	-	USD	2 Qtrs
Proceeds from Government subsidies	`ProceedsFromGovernmentSubsidies`	$1.57M	USD	2 Qtrs
Rent concessions received	`RentConcessionsReceived`	-	USD	2 Qtrs
Rent concessions received	`RentConcessionsReceived`	$-452.00K	USD	2 Qtrs
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	$32.41M	USD	2 Qtrs
Payments to suppliers and employees	`PaymentsToSuppliersForGoodsAndServices`	$26.04M	USD	2 Qtrs
Other receipts	`OtherCashReceiptsFromOperatingActivities`	$46.00K	USD	2 Qtrs
Other receipts	`OtherCashReceiptsFromOperatingActivities`	-	USD	2 Qtrs
Other payments	`OtherCashPaymentsFromOperatingActivities`	-	USD	2 Qtrs
Other payments	`OtherCashPaymentsFromOperatingActivities`	$2.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	$26.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidRefundClassifiedAsOperatingActivities`	-	USD	2 Qtrs
Net cash inflow/(outflow) from operating activities	`CashFlowsFromUsedInOperatingActivities`	$236.00K	USD	2 Qtrs
Net cash inflow/(outflow) from operating activities	`CashFlowsFromUsedInOperatingActivities`	$-5.40M	USD	2 Qtrs
Investment in term deposit along with interest received	`InvestmentInTermDepositAlongWithInterestReceived`	-	USD	2 Qtrs
Investment in term deposit along with interest received	`InvestmentInTermDepositAlongWithInterestReceived`	$563.00K	USD	2 Qtrs
Cash of discontinued operations	`CashOfDiscontinuedOperations`	-	USD	2 Qtrs
Cash of discontinued operations	`CashOfDiscontinuedOperations`	$12.46M	USD	2 Qtrs
Payment for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	-	USD	2 Qtrs
Payment for intangible asset	`PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities`	$54.00K	USD	2 Qtrs
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$33.00K	USD	2 Qtrs
Payments for property, plant and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$98.00K	USD	2 Qtrs
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	$-152.00K	USD	2 Qtrs
Net cash outflow from investing activities	`CashFlowsFromUsedInInvestingActivities`	$-13.06M	USD	2 Qtrs
Cash collected from sale of new share issuances and cash exercise of warrants and put options	`ProceedsFromIssuingShares`	$244.06M	USD	2 Qtrs
Cash collected from sale of new share issuances and cash exercise of warrants and put options	`ProceedsFromIssuingShares`	-	USD	2 Qtrs
Proceeds from borrowings - Convertible notes issued	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	-	USD	2 Qtrs
Proceeds from borrowings - Convertible notes issued	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	$12.09M	USD	2 Qtrs
Repayment of borrowings Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	$10.39M	USD	2 Qtrs
Repayment of borrowings Bank	`RepaymentsOfBorrowingsClassifiedAsFinancingActivities`	$752.00K	USD	2 Qtrs
Repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$1.40M	USD	2 Qtrs
Repayments of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$2.15M	USD	2 Qtrs
Interest paid	`InterestPaidClassifiedAsFinancingActivities`	$338.00K	USD	2 Qtrs
Interest paid	`InterestPaidClassifiedAsFinancingActivities`	-	USD	2 Qtrs
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	$8.85M	USD	2 Qtrs
Net cash inflow from financing activities	`CashFlowsFromUsedInFinancingActivities`	$232.28M	USD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$213.82M	USD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents held	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$8.94M	USD	2 Qtrs
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	$2.45M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	$65.09M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	$279.04M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashAndCashEquivalents`	$12.01M	USD	Point-in-time
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$622.00K	USD	2 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$124.00K	USD	2 Qtrs
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	$2.45M	USD	Point-in-time
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	$65.09M	USD	Point-in-time
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	$279.04M	USD	Point-in-time
Cash and cash equivalents at end of the half year	`CashAndCashEquivalents`	$12.01M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`Equity`	$-1.13M	USD	Point-in-time
Balance	`Equity`	$280.97M	USD	Point-in-time
Balance	`Equity`	$63.85M	USD	Point-in-time
Balance	`Equity`	$-4.08M	USD	Point-in-time
Loss for the half year	`ProfitLoss`	$-11.56M	USD	2 Qtrs
Loss for the half year	`ProfitLoss`	$-48.77M	USD	2 Qtrs
Write off of cumulative translation adjustment related to sold entity	`WriteOffOfCumulativeTranslationAdjustmentRelatedToSoldEntity`	$31.00K	USD	2 Qtrs
Other comprehensive loss for the half year	`OtherComprehensiveIncome`	$-1.14M	USD	2 Qtrs
Other comprehensive loss for the half year	`OtherComprehensiveIncome`	$3.48M	USD	2 Qtrs
Total comprehensive loss for the half year	`ComprehensiveLoss`	$-12.70M	USD	2 Qtrs
Total comprehensive loss for the half year	`ComprehensiveLoss`	$-45.26M	USD	2 Qtrs
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	$2.84M	USD	2 Qtrs
Convertible notes converted to equity	`ConvertibleNotesConvertedToEquity`	$14.55M	USD	2 Qtrs
Cash collected from sale of new share issuances and cash exercise of warrants and put option	`IssueOfEquity`	$244.06M	USD	2 Qtrs
Shares issued on cashless exercise of warrants	`SharesIssuedOnCashlessExerciseOfWarrants`	$15.47M	USD	2 Qtrs
Conversion of debt	`ConversionOfDebt`	$1.10M	USD	2 Qtrs
Balance	`Equity`	$-1.13M	USD	Point-in-time
Balance	`Equity`	$280.97M	USD	Point-in-time
Balance	`Equity`	$63.85M	USD	Point-in-time
Balance	`Equity`	$-4.08M	USD	Point-in-time

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