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John Lewis Partnership plc annual report and accounts 2013
26 Share capital 2013
2013 Authorised £m - 2013 Issued and fully paid £m - 2012 Authorised £m - 2012 Issued and fullly paid £m
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Equity
Deferred Ordinary Shares
612,000 of £1 each 0.6 0.6 0.6 0.6
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0.6 0.6 0.6 0.6
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The Deferred Ordinary Shares rank in all respects as equity shares except that each share has 1,000 votes in a vote taken on a poll.
The Deferred Ordinary Shares are held by John Lewis Partnership Trust Limited, with whom ultimate control rests.
27 Reconciliation of profit before tax to cash generated from operations
Consolidated -
Year to
26 January 2013 £m -
Year to 28 January 2012 £m
Amortisation of intangible assets 41.9 32.3
Depreciation 255.1 241.0
Net finance costs 42.8 39.5
Partnership Bonus 210.8 165.2
Loss on disposal of other plant and equipment and intangible assets 6.1 3.9
Increase in inventories (48.8) (43.2)
Decrease/(increase) in receivables 16.8 (12.6)
Increase in payables 215.0 143.1
Increase/(decrease) in retirement benefit obligations 20.9 (0.4)
Increase in provisions 19.6 1.7
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Cash generated from operations 979.0 759.1
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John Lewis plc settles transactions on behalf of John Lewis Partnership plc for administrative convenience, including amounts in respect of subscription for BonusSave, dividend payments and amounts owed to tax authorities. As a result no cash flows through John Lewis Partnership plc and no cash is generated from its operations so a company cash flow statement is not required.
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