John Lewis Partnership plc annual report and accounts 2013

2 Segmental reporting (continued) Corporate

2013 - Waitrose £m - John Lewis £m - Corporate and other £m - Group £m

Gross sales 5,763.9 3,777.4 – 9,541.3

Adjustment for sale or return sales – (134.6) – (134.6)

Value added tax (347.8) (593.4) – (941.2)

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Revenue 5,416.1 3,049.4 – 8,465.5

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Operating profit excluding property profits 292.3 216.7 (56.6) 452.4

Property profits – – – –

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Operating profit 292.3 216.7 (56.6) 452.4

Finance costs – – (82.9) (82.9)

Finance income – – 40.1 40.1

Partnership Bonus – – (210.8) (210.8)

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Profit before tax 292.3 216.7 (310.2) 198.8

Taxation – – (47.1) (47.1)

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Profit after tax 292.3 216.7 (357.3) 151.7

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Segment assets 2,624.7 1,770.2 968.7 5,363.6

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Segment liabilities (553.7) (648.1) (2,260.3) (3,462.1)

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Net assets 2,071.0 1,122.1 (1,291.6) 1,901.5

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Other segment items:

– Depreciation 142.7 96.7 15.7 255.1

– Amortisation 19.4 7.9 14.6 41.9

– Capital expenditure – property, plant and

equipment 166.9 102.9 11.0 280.8

– Capital expenditure – intangible assets 31.3 41.4 23.4 96.1

– Movement in provisions 4.2 6.3 29.5 40.0

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