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John Lewis Partnership plc annual report and accounts 2013


Notes to the accounts continued


 


17 Borrowings and overdrafts (continued)


Company - 2013 £m - 2012 £m


 


Non-current:


 


5% Cumulative Preference Stock 3.7 3.7


7g% Cumulative Preference Stock 0.5 0.5


SIP Shares 84.7 70.2


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


88.9 74.4


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


 


 


All borrowings are unsecured, denominated in sterling, and are repayable on the dates shown, at par. 


Unless the preference dividends are in arrears, the 5% and 7g% Cumulative Preference  Stock only have voting rights in relation to a variation of their class rights. The amounts  receivable in a winding up would be limited to the amounts paid up, for the 5%  Cumulative Preference Stock, and to one and a half times the amounts paid up for the 7g% Cumulative Preference Stock.


SIP shares are issued as part of the BonusSave scheme. The SIP shares that are allocated to  Partners are entitled to a dividend, the amount of which is determined from year to year by  the Partnership Board. The amounts receivable in a winding up would be limited to the amounts that have been paid on the SIP shares.


 


18 Trade and other payables


Consolidated - 2013 £m - 2012 £m


 


Current:


Trade payables 698.1 530.1


Other payables 117.0 102.9


Other taxation and social security 174.0 143.1


Accruals 151.5 185.1


Deferred income 33.4 25.0


Partnership Bonus 190.0 148.6


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


1,364.0 1,134.8


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


Non-current:


Accruals – 0.9


Other payables 0.7 0.8


Deferred income 118.6 84.1


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


119.3 85.8


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


2013 2012


Company £m £m


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


Current:


Other payables 2.0 1.8


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


2.0 1.8


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––


 


The carrying amount of trade and other payables approximates to fair value.


 


74


 


 


 


 

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