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John Lewis Partnership plc Interim Report 2009


Consolidated balance sheet as at 1 August 2009

1 August 2009 26 July 2008 31 January 2009
£m £m £m

Non-current assets
Intangible assets 93.2 74.1 85.1
Property, plant and equipment 3,340.4 3,086.7 3,176.8
Trade and other receivables 46.5 31.0 44.4
Deferred tax asset 71.2 6.9 21.7
3,551.3 3,198.7 3,328.0

Current assets
Inventories 344.3 343.6 352.3
Trade and other receivables 146.9 163.9 139.1
Derivative financial instruments 18.2 1.8 23.4
Cash and cash equivalents 333.1 111.2 197.6
842.5 620.5 712.4

Total assets 4,393.8 3,819.2 4,040.4

Current liabilities
Borrowings and overdrafts (63.8) (139.7) (75.8)
Trade and other payables (643.6) (618.3) (703.7)
Current tax payable (26.7) (36.1) (17.9)
Finance lease liabilities (0.6) (0.5) (0.6)
Provisions (71.8) (59.6) (70.7)
Derivative financial instruments (2.8) (0.3) –
(809.3) (854.5) (868.7)

Non-current liabilities
Borrowings (836.0) (433.2) (547.8)
Trade and other payables (50.4) (45.0) (48.1)
Finance lease liabilities (28.8) (29.6) (29.2)
Provisions (105.3) (96.6) (93.8)
Retirement benefit obligations (932.0) (711.0) (730.0)
(1,952.5) (1,315.4) (1,448.9)

Total liabilities (2,761.8) (2,169.9) (2,317.6)

Net assets 1,632.0 1,649.3 1,722.8

Equity
Share capital 0.6 0.6 0.6
Other reserves 4.5 7.2 14.1
Retained earnings 1,626.5 1,641.1 1,707.7
Minority interest in subsidiary 0.4 0.4 0.4

Total equity 1,632.0 1,649.3 1,722.8