John Lewis Partnership plc annual report and accounts 2012


Notes to the accounts continued






17 Borrowings and overdrafts (continued)


Table showing Borrowings and overdrafts (continued)



Company | 2012 (£m) | 2011 (£m)


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Non-current:
5% Cumulative Preference Stock 3.7 | 3.7
7g% Cumulative Preference Stock 0.5 | 0.5
SIP Shares 70.2 | 53.5
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
74.4 | 57.7
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––






All borrowings are unsecured, denominated in sterling, and are repayable on the dates shown, at par.


Unless the preference dividends are in arrears, the 5% and 7g% Cumulative Preference Stock only have voting rights in relation to a variation of their class rights. The amounts receivable in a winding up would be limited to the amounts paid up, for the 5% Cumulative Preference Stock, and to one and a half times the amounts paid up for the 7g% Cumulative Preference Stock.


SIP shares are issued as part of the BonusSave scheme. The SIP shares that are allocated to Partners are entitled to a dividend, the amount of which is determined from year to year by the Partnership Board. The amounts receivable in a winding up would be limited to the amounts that have been paid on the SIP shares.






18 Trade and other payables


Table showing Trade and other payables


Consolidated | 2012 (£m) | 2011 (£m)


Current:
Trade payables 530.1 | 424.5
Other payables 102.9 | 96.6
Other taxation and social security 143.1 | 141.4
Accruals 185.1 | 167.5
Deferred income 25.0 | 25.8
Partnership bonus 148.6 | 176.1
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1,134.8 | 1,031.9
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Non-current:
Accruals 0.9 | 1.1
Other payables 0.8 | –
Deferred income 84.1 | 64.5
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
85.8 | 65.6
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


Company | 2012 (£m) | 2011 (£m)



–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Current:
Other payables 1.8 | 1.4
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1.8 | 1.4
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
 


 The carrying amount of trade and other payables approximates to fair value.


64

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