The first thing to remember as we review Kathmandu’s half year results is the timing of the Rip Curl acquisition. The acquisition was completed 31 October 2019. It’s included in Kathmandu’s numbers for the full six months of the period ended 31 January 2021 but for only three months during the prior period’s six months. The numbers are in New Zealand dollars, each of which costs about US$ 0.70.
Below are the as reported income statements for both periods for the consolidated company.