John Lewis Partnership plc annual report and accounts 2012

Table showing Consolidated income statement for the year ended 28 January 2012

Notes | Continuing operations |Year to 28 January 2012 (£m) |Year to 29 January 2011 (£m)

2 |Gross sales 8,729.5 |  8,206.3

2| Revenue 7,758.6 | 7,361.8 

Cost of sales   (5,166.5) | (4,878.7)

Gross profit 2,592.1 | 2,483.1

Other operating income 59.6 | 53.7

3| Operating expenses (2,258.4) | (2,105.8)

2| Operating profit 393.3 |  431.0

4| Finance costs (72.3) | (69.3)

4| Finance income 32.8 | 6.2

Profit before Partnership bonus and tax 353.8 | 367.9

Partnership bonus (165.2) | (194.5)

5| Profit before tax 188.6 | 173.4

6| Taxation (52.4) | (46.0)

Profit for the year 136.2 | 127.4

The notes on pages 45 to 80 form part of these financial statements.

Table showing Consolidated statement of comprehensive (expense)/income for the year ended 28 January 2012

Notes | |Year to 28 January 2012 (£m) |Year to 29 January 2011 (£m)

Profit for the year 136.2 | 127.4

Other comprehensive (expense)/income:

24 | Actuarial (losses)/gains on defined benefit pension schemes (254.8) |  338.7

6 | Movement of deferred tax on pension schemes 48.4 | (141.4)

6 | Movement of current tax on pension schemes 6.5 | 42.0

Net gain on cash flow hedges 0.2 | 1.6

Total comprehensive (expense)/income for the year (63.5) | 368.3

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