John Lewis Partnership plc annual report and accounts 2013

Consolidated and company statements of changes in equity for the year ended 26 January 2013

Notes - Consolidated - Share capital £m - Capital redemption reserve £m - Capital reserve £m - Hedging reserve £m - Retained earnings £m  - Non-controlling interest £m -  Total equity £m

Balance at 29 January 2011 0.6 5.0 1.4 – 2,065.4 0.4 2,072.8

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Profit for the year – – – – 136.2 – 136.2

24 Actuarial loss on defined benefit

pension schemes – – – – (254.8) – (254.8)

6 Tax on above items recognised

in other comprehensive expense – – – – 54.9 – 54.9

Reclassification to borrowings – – – – – (0.4) (0.4)

Fair value gains on cash flow

hedges – – – 0.4 – – 0.4

– Transfers to inventories – – – (0.2) – – (0.2)

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Balance at 28 January 2012 0.6 5.0 1.4 0.2 2,001.7 – 2,008.9

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Profit for the year – – – – 151.7 – 151.7

24 Actuarial loss on defined benefit

pension schemes – – – – (326.3) – (326.3)

6 Tax on above items recognised

in other comprehensive expense – – – – 63.5 – 63.5

Fair value gains on cash flow

hedges – – – 0.3 – – 0.3

– Transfers to inventories – – – 3.4 – – 3.4

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Balance at 26 January 2013 0.6 5.0 1.4 3.9 1,890.6 – 1,901.5

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Retained earnings comprise £1,483.2m (2012: £1,592.2m) of distributable and £407.4m (2012: £409.5m) of non distributable reserves, arising on the revaluation of freehold and long leasehold properties prior to 31 January 2004.

Notes - Company - Share capital £m - Capital redemption reserve £m - Retained earnings £m  -  Total equity £m

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Balance at 29 January 2011 0.6 5.0 5.5 11.1

7 Profit for the year – – 0.1 0.1

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Balance at 28 January 2012 0.6 5.0 5.6 11.2

7 Profit for the year – – 0.2 0.2

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Balance at 26 January 2013 0.6 5.0 5.8 11.4

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