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John Lewis Partnership plc Interim Report 2009


Notes to the financial statements continued

5 Net finance costs

Half year to 1 August 2009 Half year to 26 July 2008 Restated Year to 31 January 2009 Restated
£m £m £m

Finance costs
Total finance costs in respect of borrowings 27.7 20.9 46.4
Fair value measurements and other – 1.5 3.3
Net finance costs arising on defined benefit retirement schemes 12.2 3.0 5.4
Net finance costs arising on other employee benefit schemes 8.2 1.8 –

Total finance costs 48.1 27.2 55.1

Finance income
Total finance income in respect of investments (6.7) (4.0) (11.2)
Fair value measurements and other (1.5) (0.3) –
Net finance income arising on other employee benefit schemes – – (0.2)

Total finance income (8.2) (4.3) (11.4)

Net finance costs 39.9 22.9 43.7

Half year to 1 August 2009 Half year to 26 July 2008 Restated Year to 31 January 2009 Restated
£m £m £m

Total finance costs in respect of borrowings 27.7 20.9 46.4
Total finance income in respect of investments (6.7) (4.0) (11.2)

Net finance costs in respect of borrowings and investments 21.0 16.9 35.2
Fair value measurements and other (1.5) 1.2 3.3
Net finance costs arising on defined benefit retirement schemes 12.2 3.0 5.4
Net finance costs arising on other employee benefit schemes 8.2 1.8 (0.2)

Net finance costs 39.9 22.9 43.7

Prior half year net finance costs have been restated to include the financing element of pension costs and prior half year and prior full year net finance costs have been amended to include the financing element of other employee benefit schemes (long service leave), as explained in note 2.
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