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John Lewis Partnership plc annual report and accounts 2013
Notes to the accounts continued
2 Segmental reporting (continued)
2012 - Waitrose £m - John Lewis £m - Corporate and other £m - Group £m
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Gross sales 5,400.4 3,329.1 – 8,729.5 Adjustment for sale or return sales – (120.7) – (120.7) Value added tax (328.1) (522.1) – (850.2) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Revenue 5,072.3 2,686.3 – 7,758.6 ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Operating profit excluding property profits 260.6 156.4 (25.2) 391.8 Property profits – 1.5 – 1.5 ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Operating profit 260.6 157.9 (25.2) 393.3 Finance costs – – (72.3) (72.3) Finance income – – 32.8 32.8 Partnership Bonus – – (165.2) (165.2) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Profit before tax 260.6 157.9 (229.9) 188.6 Taxation – – (52.4) (52.4) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Profit after tax 260.6 157.9 (282.3) 136.2 ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Segment assets 2,713.9 1,648.5 883.6 5,246.0 ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Segment liabilities (591.6) (538.8) (2,106.7) (3,237.1) ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Net assets 2,122.3 1,109.7 (1,223.1) 2,008.9 ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Other segment items: – Depreciation 134.0 91.4 15.6 241.0 – Amortisation 14.3 10.7 7.3 32.3 – Capital expenditure – property, plant and equipment 247.6 153.8 28.0 429.4 – Capital expenditure – intangible assets 45.0 28.6 14.8 88.4 – Movement in provisions 1.4 (1.4) 8.3 8.3 –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
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