John Lewis Partnership plc Annual Report and Accounts 2014


81


Consolidated income statement for the year ended 25 January 2014


Notes 2, 4


4


2014 £m


Gross sales Revenue


Cost of sales Gross profit


Other operating income


5 4 3 4 6 6


Operating expenses before exceptional item Operating profit before exceptional item Exceptional item Operating profit Finance costs


Finance income


7 8


Profit before Partnership Bonus and tax Partnership Bonus Profit before tax Taxation


Profit for the year 4 Profit before Partnership Bonus, tax and exceptional item * Refer to note 1.


Consolidated statement of comprehensive expense for the year ended 25 January 2014


Notes Profit for the year


22 8 8


Other comprehensive income/(expense): Items that will not be reclassified to profit or loss: Remeasurement of defined benefit pension schemes Movement in deferred tax on pension schemes Movement in current tax on pension schemes


Items that may be reclassified subsequently to profit or loss: Net (loss)/gain on cash flow hedges


Other comprehensive expense for the year Total comprehensive expense for the year


* Refer to note 1.


2014 £m


101.6 2013


(restated)* £m


101.0 10,171.5 9,027.8


(6,008.9) 3,018.9 74.2


(2,622.2) 470.9 (47.3) 423.6 (97.5) 3.0


329.1


(202.5) 126.6 (25.0) 101.6


376.4 2013


(restated)* £m


9,541.3 8,465.5


(5,640.1) 2,825.4 64.1


(2,436.1) 453.4 –


453.4


(112.0) 1.9


343.3


(210.8) 132.5 (31.5) 101.0


343.3


(245.2) 5.9


27.4 (9.7)


(221.6) (120.0)


(260.0) 13.3 34.6


3.7


(208.4) (107.4)


THE JOHN LEWIS PARTNERSHIP


OUR PERFORMANCE


GOVERNANCE


FINANCIAL STATEMENTS


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