John Lewis Partnership plc annual report and accounts 2012

Table Statement of consolidated cash flows for the year ended 28 January 2012

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

27|  Cash generated from operations 759.1 | 745.1
Net taxation paid (33.7) | (27.5)
Partnership bonus paid (194.5) | (151.2)
Special contribution to the Pension Scheme – | (150.0)
Finance costs paid (2.3) | (2.0)
Net cash generated from operating activities 528.6 | 414.4
Cash flows from investing activities
Purchase of property, plant and equipment (425.7) | (447.9)
Purchase of intangible assets (88.4) | (43.5)
Proceeds from sale of property, plant and equipment 11.8 | 3.7
Finance income received 2.4 | 3.1
Net cash used in investing activities (499.9) | (484.6)
Cash flows from financing activities
Finance costs in respect of bonds (54.7) | (76.7)
Payment of capital element of finance leases (0.7) | (0.4)
Payments to preference shareholders (0.2) | (0.2)
Payments to SIP shareholders (1.3) | (1.1)
Cash inflow from borrowings 71.5 | 151.6
Net cash generated from financing activities 14.6 | 73.2
Increase in net cash and cash equivalents 43.3 | 3.0
Net cash and cash equivalents at beginning of period 447.4 | 444.4
Net cash and cash equivalents at end of period 490.7 | 447.4
15| Net cash and cash equivalents comprise:
Cash 83.6 | 84.2
Short-term investments 467.2 | 428.5
Bank overdraft (60.1) | (65.3)
490.7 | 447.4

There are no cash movements for the parent company and, accordingly, no cash flow statement is presented.

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