John Lewis Partnership plc annual report and accounts 2013

12 Investments

Subsidiary - Other

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At 28 January 2012 13.0 74.3 0.1 87.4

Movements – 14.9 – 14.9

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At 26 January 2013 13.0 89.2 0.1 102.3

13 Inventories

Consolidated - 2013 £m - 2012 £m

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Raw materials 3.1 3.6

Work in progress 0.9 0.8

Finished goods and goods for resale 510.0 460.8

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514.0 465.2

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The cost of inventory recognised as an expense by the group in the year was £5,640.1m (2012: £5,166.5m). Provisions against inventories of £12.7m were charged (2012: £3.2m charged) in operating expenses.

14 Trade and other receivables

Consolidated - 2013 £m - 2012 £m

Current:

Trade receivables 49.5 77.0

Other receivables 46.4 37.9

Prepayments and accrued income 96.2 98.4

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192.1 213.3

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Non-current:

Other receivables 12.6 9.5

Prepayments and accrued income 43.2 41.8

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55.8 51.3

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Trade receivables are non interest bearing and generally on credit terms of less than 90 

days. Concentrations of credit risk are considered to be very limited. The carrying amount  

of trade and other receivables approximates to fair value and is denominated in sterling.

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