Contents

1 The John Lewis Partnership

2 Chairman’s statement

3 Business review

29 Directors and advisers

32 Directors’ Report

36 Governance Report

44 Audit and Risk Committee Report

47 Remuneration Report

52 Consolidated income statement

52 Consolidated statement of comprehensive expense

53 Consolidated balance sheet

54 Balance sheet of the company

55 Consolidated and company statements of changes in equity

56 Statement of consolidated cash flows

57 Notes to the accounts

91 Statement of directors’ responsibilities

92 Independent auditors’ report

94 Retail branches

96 Notice of AGM

John Lewis Partnership, 171 Victoria Street, London SW1E 5NN www.johnlewispartnership.co.uk