John Lewis Partnership plc annual report and accounts 2012
Return on invested capital
Return on invested capital (note 8, page 6) was 7.2% a reduction of 0.7% on last year’s 7.9% and reflects increased investment made across the Partnership in new and refurbished stores, extensions and in distribution and information technology systems, which will deliver benefits in future years, as well as in investment in improving our operating structures to secure future efficiency gains.
Graph showing Return on invested capital (%)
Graph showing Profit for the year
Profit for the year was £136.2m, up by £8.8m (6.9%) on last year.
Net assets decreased by £63.9m, 3.1%, to £2,008.9m. This reflects significant investments totalling £517.6m, including £344m in new stores, extensions and refurbishments, £38m in distribution and £98m in new information technology systems, offset by depreciation and amortisation of £273.3m, an increase in the pension fund deficit of £224.1m and an increase in net debt of £28.5m.
Graph showing Net assets (£m)