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2 Segmental reporting (continued)

John Lewis Waitrose Corporate and other Group
30 January 2010 £m £m £m £m

Gross sales 2,889.2 4,532.3 – 7,421.5
Adjustment for sale or return sales (116.5) – – (116.5)
Value added tax (355.3) (215.1) – (570.4)

Revenue 2,417.4 4,317.2 – 6,734.6

Operating profit excluding property profits 165.9 268.2 (44.6) 389.5
Property profits – 0.2 – 0.2

Operating profit 165.9 268.4 (44.6) 389.7
Finance costs – – (89.0) (89.0)
Finance income – – 5.9 5.9
Partnership bonus – – (151.3) (151.3)

Profit before tax 165.9 268.4 (279.0) 155.3
Taxation – – (48.8) (48.8)

Profit after tax 165.9 268.4 (327.8) 106.5

Segment assets 1,552.3 2,271.7 884.1 4,708.1

Segment liabilities (406.9) (454.2) (2,142.5) (3,003.6)

Net assets 1,145.4 1,817.5 (1,258.4) 1,704.5

Other segment items:
– Depreciation 72.5 105.7 11.7 189.9
– Amortisation of intangible assets 8.9 8.7 6.8 24.4
– Capital expenditure – property,
plant and
equipment 100.7 292.7 18.5 411.9
– Capital expenditure – intangible
assets 11.1 10.8 11.3 33.2
– Movement in provisions 4.4 (0.3) 16.2 20.3