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John Lewis Partnership plc annual report and accounts 2012

12 Investments

Table showing Investments

Subsidiary | Other
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

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

–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
At 29 January 2011 13.0 | 57.1 | 0.1 | 70.2
Movements – | 17.2 | – | 17.2
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
At 28 January 2012 13.0 | 74.3 | 0.1 | 87.4

 

13 Inventories

Table showing Inventories

Consolidated | 2012 (£m) | 2011 (£m) 

Raw materials 3.6 | 5.1
Work in progress 0.8 | 0.8
Finished goods and goods for resale 460.8 | 416.1
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
465.2 | 422.0
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

The cost of inventory recognised as an expense by the group in the period was £5,166.5m (2011: £4,878.7m). Provisions against inventories of £3.2m were charged (2011: £1.0m charged) in operating expenses.


14 Trade and other receivables

Table showing Trade and other receivables

Consolidated | 2012 (£m) | 2011 (£m)

Current:
Trade receivables 77.0 | 78.6
Other receivables 47.4 | 54.3
Prepayments and accrued income 98.4 | 78.0
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
222.8 | 210.9
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Non-current:
Prepayments and accrued income 41.8 | 41.4
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Trade receivables are non interest bearing and generally on credit terms of less than 90 days. Concentrations of credit risk are considered to be very limited. The carrying amount of trade and other receivables approximates to fair value and is denominated in sterling.


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