John Lewis Partnership plc annual report and accounts 2012

Notes to the accounts continued

32 Subsidiary and associated undertakings

Principal subsidiary undertakings as at 28 January 2012 were as follows:

John Lewis plc (Department store retailing, corporate, and shared services) Ordinary shares – 100%

5% First Cumulative Preference Stock – 83.3% 7% Cumulative Preference Stock – 75.6%

Subsidiary undertakings of John Lewis plc:

Herbert Parkinson Limited (Weaving and making up) JLP Insurance Limited (Insurance; incorporated and operating in Guernsey) JLP Scottish Limited Partnership (Investment holding undertaking) JLP Scottish Partnership (Investment holding undertaking) John Lewis Car Finance Limited (Car finance) John Lewis Delivery Limited (International delivery) John Lewis Properties plc (Property holding company) Waitrose (Jersey) Limited (Food retailing; incorporated and operating in Jersey) Waitrose (Guernsey) Limited (Food retailing; incorporated and operating in Guernsey) Waitrose Limited (Food retailing)

The whole of the ordinary share capital of the subsidiary undertakings of John Lewis plc is held within the group. The list excludes non-trading subsidiary undertakings which have no material effect on the accounts of the group. Except as noted above, all of these subsidiary undertakings operate wholly or mainly in the United Kingdom and are registered in England and Wales or Scotland and the company undertakings are incorporated in England and Wales.

The group has taken advantage of the exemption conferred by regulation 7 of the Partnerships (Accounts) Regulations 2008 and has therefore not appended the accounts of JLP Scottish Partnership and JLP Scottish Limited Partnership to these accounts. Separate accounts for these partnerships are not required to be filed with the Registrar of Companies.

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