Annual Report and Accounts 2015


John Lewis Partnership plc 161


27 Analysis of net debt Net debt summarises our net financial liability position as at the year end.


Other non-cash


2014 £m


Current assets Cash and cash equivalents


Derivative financial instruments


Current liabilities Borrowings and overdrafts Finance leases


Derivative financial instruments


Non-current liabilities Borrowings


Unamortised bond transaction costs Finance leases


Total net debt Reconciliation of net cash flow to net debt


2015 £m


Decrease in net cash and cash equivalents in the year


Cash (inflow)/outflow from movement in debt and lease financing Movement in debt for the year Opening net debt


Non-cash movements Closing net debt


(4.9)


(296.4) (301.3) (485.8) 6.9


(780.2)


2014 £m


(194.8) 90.6


(104.2) (371.9) (9.7)


(485.8)


358.9 0.7


359.6


(75.6) (3.3) (5.9)


(84.8)


(733.4) 5.2


(32.4)


(760.6) (485.8)


Cash flow £m


(19.1) –


(19.1)


14.2 4.4 –


18.6


(306.9) 6.1 –


(300.8) (301.3)


movements £m


–


8.9 8.9


–


(4.2) (0.7) (4.9)


(0.6) (0.6) 4.1 2.9 6.9


2015 £m


339.8 9.6


349.4


(61.4) (3.1) (6.6)


(71.1)


(1,040.9) 10.7


(28.3)


(1,058.5) (780.2)


Introduction


Partnership difference


Principles


Strategy


Performance


Governance


Financial statements


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