Page 58


Notes to the accounts

continued


12 Investment in associate

Share of net assets Loans Goodwill Total
£m £m £m £m

Cost
At 26 January 2008 (9.6) 20.3 15.1 25.8
Disposal of associate 9.6 (20.3) (15.1) (25.8)

At 31 January 2009 – – – –

At 30 January 2010 – – – –

Amounts written off
At 26 January 2008 – (10.7) (15.1) (25.8)
Disposal of associate – 10.7 15.1 25.8

At 31 January 2009 – – – –

At 31 January 2010 – – – –

Net book value

At 31 January 2009 – – – –

At 30 January 2010 – – – –

During the year to 31 January 2009, the group disposed of its investment in Ocado to the pension fund at its fair value of £127.7m, resulting in a profit on disposal of £127.4m, after deduction of costs associated with the disposal of £0.3m. The disposal proceeds were treated as a contribution to the pension fund, as explained in note 25.


13 Investments

Subsidiary Other

Shares in John Lewis plc Loan to John Lewis plc Shares in John Lewis Partnership Trust Limited Total
Company £m £m £m £m

At 31 January 2009 13.0 32.0 0.1 45.1
Movements – 11.1 – 11.1

At 30 January 2010 13.0 43.1 0.1 56.2