John Lewis Partnership plc annual report and accounts 2013

Statement of consolidated cash flows for the year ended 26 January 2013

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

27 Cash generated from operations 979.0 759.1

Net taxation paid (53.5) (33.7)

Partnership Bonus paid (164.3) (194.5)

Additional contribution to the Pension Scheme (125.0) –

Finance costs paid (4.9) (2.3)

Net cash generated from operating activities 631.3 528.6

Cash flows from investing activities

Purchase of property, plant and equipment (261.5) (425.7)

Purchase of intangible assets (96.5) (88.4)

Proceeds from sale of property, plant and equipment 1.9 11.8

Finance income received 1.9 2.4

Net cash used in investing activities (354.2) (499.9)

Cash flows from financing activities

Finance costs in respect of bonds (56.8) (54.7)

Payment of capital element of finance leases (3.5) (0.7)

Payments to preference shareholders (0.2) (0.2)

Payments to SIP shareholders (1.7) (1.3)

Cash inflow from borrowings 14.5 71.5

Cash outflow from borrowings (242.0) –

Net cash (used in)/generated from financing activities (289.7) 14.6

(Decrease)/increase in net cash and cash equivalents (12.6) 43.3

Net cash and cash equivalents at beginning of year 490.7 447.4

Net cash and cash equivalents at end of year 478.1 490.7

15 Net cash and cash equivalents comprise:

Cash 120.0 83.6

Short-term investments 414.4 467.2

Bank overdraft (56.3) (60.1)

478.1 490.7

There are no cash movements for the parent company and, accordingly, no cash flow statement is presented.

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