Annual Report and Accounts 2016


John Lewis Partnership plc


159


Other required and voluntary reporting Consistency of other information


Companies Act 2006 opinion a In our opinion, the information given in the Strategic Report and the Directors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements.


ISAs (UK & Ireland) reporting


a As a result of the Directors’ voluntary reporting on how they have applied the Code, under ISAs (UK & Ireland) we are required to report to you if, in our opinion:


Information in the Annual Report is: a materially inconsistent with the information in the audited financial statements; or


a apparently materially incorrect based on, or materially inconsistent with, our knowledge of the Partnership and Company acquired in the course of performing our audit; or


a otherwise misleading.


The statement given by the Directors on page 153, in accordance with provision C.1.1 of the Code, that they consider the Annual Report taken as a whole to be fair, balanced and understandable and provides the information necessary for members to assess the Partnership’s and Company’s position and performance, business model and strategy is materially inconsistent with our knowledge of the Partnership and Company acquired in the course of performing our audit.


The section of the Annual Report on page 84, as required by provision C.3.8 of the Code, describing the work of the Audit Committee does not appropriately address matters communicated by us to the Audit Committee.


As a result of the Directors’ voluntary reporting on how they have applied the Code, under ISAs (UK & Ireland) we are required to report to you if we have anything material to add or to draw attention to in relation to:


a The Directors’ confirmation on page 86 of the Annual Report, in accordance with provision C.2.1 of the Code, that they have carried out a robust assessment of the principal risks facing the Partnership, including those that would threaten its business model, future performance, solvency or liquidity.


a The disclosures in the Annual Report that describe those risks and explain how they are being managed or mitigated.


a The Directors’ explanation on page 99 of the Annual Report, in accordance with provision C.2.2 of the Code, as to how they have assessed the prospects of the Partnership, over what period they have done so and why they consider that period to be appropriate, and their statement as to whether they have a reasonable expectation that the Partnership will be able to continue in operation and meet its liabilities as they fall due over the period of their assessment, including any related disclosures drawing attention to any necessary qualifications or assumptions.


We have no exceptions to report.


We have no exceptions to report arising from this responsibility.


We have no exceptions to report.


We have no exceptions to report arising from this responsibility.


We have no exceptions to report.


We have no exceptions to report.


The Directors’ assessment of the prospects of the Partnership and of the principal risks that would threaten the solvency or liquidity of the partnership


The Directors have requested that we review and report on the statement that they have carried out a robust assessment of the principal risks facing the Partnership and the statement in relation to the longer term viability of the Partnership, as required under the listing rules for Companies with a premium listing on the London Stock Exchange. Our review was substantially less in scope than an audit and only consisted of making inquiries and considering the directors’ process supporting their statements; checking that the statements are in alignment with the relevant provisions of the Code; and considering whether the statements are consistent with the knowledge acquired by us in the course of performing our audit. We have nothing to report having performed our review.


Adequacy of accounting records and information and explanations received Under the Companies Act 2006 we are required to report to you if, in our opinion:


aWe have not received all the information and explanations we require for our audit; or


a Adequate accounting records have not been kept by the Company, or returns adequate for our audit have not been received from branches not visited by us; or


a The Company financial statements are not in agreement with the accounting records and returns.


We have no exceptions to report arising from this responsibility. Directors’ remuneration


Under the Companies Act 2006 we are required to report to you if, in our opinion, certain disclosures of Directors’ remuneration specified by law are not made. We have no exceptions to report arising from this responsibility.


It’s Your Results


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