John Lewis Partnership plc annual report and accounts 2013

Consolidated income statement for the year ended 26 January 2013

Notes - Year to 26 January 2013 £m - Year to 28 January  2012 £m

2 Gross sales         9,541.3 8,729.5

2 Revenue             8,465.5 7,758.6

Cost of sales (5,640.1) (5,166.5)

Gross profit 2,825.4 2,592.1

Other operating income 64.1   59.6

3 Operating expenses (2,437.1) (2,258.4)

2 Operating profit 452.4 393.3

4 Finance costs (82.9) (72.3) 

4 Finance income 40.1 32.8

Profit before Partnership Bonus and tax 409.6 353.8 

Partnership Bonus (210.8) (165.2) 

5 Profit before tax 198.8 188.6

6 Taxation (47.1) (52.4)

Profit for the year 151.7 136.2

Consolidated statement of comprehensive expense for the year ended 26 January 2013

Notes - Year to 26 January 2013 £m - Year to 28 January  2012 £m

Profit for the year 151.7 136.2

Other comprehensive expense:

24 Actuarial losses on defined benefit pension schemes (326.3) (254.8)

6 Movement in deferred tax on pension schemes 28.9 48.4

6 Movement in current tax on pension schemes 34.6 6.5

Net gain on cash flow hedges 3.7 0.2

Total comprehensive expense for the year (107.4) (63.5)

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