John Lewis Partnership plc annual report and accounts 2012

26 Share capital 

Table showing Share capital

2012 Authorised (£m) | 2012 Issued and fully paid (£m) | 2011 Authorised (£m) | 2011 Issued and fully paid (£)

Equity
Deferred Ordinary Shares
612,000 of £1 each 0.6 | 0.6 | 0.6 | 0.6
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0.6 | 0.6 | 0.6 | 0.6
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27 Reconciliation of profit before tax to cash generated from operations

Table showing Reconciliation of profit before tax to cash generated from operations

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

Profit before tax 188.6 | 173.4
Amortisation of intangible assets 32.3 | 24.0
Depreciation 241.0 | 215.5
Net finance costs 39.5 | 63.1
Partnership bonus 165.2 | 194.5
Loss/(profit) on disposal of tangible and intangible assets 3.9 | (1.0)
Increase in inventories (43.2) | (23.0)
Increase in receivables (12.6) | (42.5)
Increase in payables 143.1 | 132.1
(Decrease)/increase in retirement benefit obligations (0.4) | 0.6
Increase in provisions 1.7 | 8.4
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Cash generated from operations 759.1 | 745.1

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