John Lewis Partnership plc Annual Report and Accounts 2014


25 HIGHLIGHTS AND CHALLENGES


Innovation and investment have driven strong sales and profit performance.


GROSS SALES


£10.2bn +£630m (6.6%)


PROFIT BEFORE PARTNERSHIP BONUS, TAX AND EXCEPTIONAL ITEM


£376m +£33m (9.6%)


INVESTED IN BENEFITS TO OUR PARTNERS


£584m


including Partnership Bonus, pensions cash contributions, Partner discount, catering subsidy, long service leave, leisure spending and the running of our five holiday centres, up 6.0%


NEW JOBS CREATED 6,300 net new jobs created REVENUE


£9.0bn +£562m (6.6%)


EXCEPTIONAL ITEM £47m following review of holiday pay policy


FINAL SALARY PENSION SCHEME


£263m


total cash contributions to final salary pension scheme


NET DEBT


£486m +£114m (30.6%)


PARTNERSHIP BONUS


£203m 15% of salary


2013: £211m (17%)


PROFIT BEFORE PARTNERSHIP BONUS AND TAX


£329m -£14m (-4.1%)


PENSION DEFICIT


£1.0bn +£181m (22.1%)


SUSTAINABILITY KEY FIGURES -5.0% CO2 e emissions intensity


THE JOHN LEWIS PARTNERSHIP


OUR PERFORMANCE


GOVERNANCE


FINANCIAL STATEMENTS


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