Annual Report and Accounts 2015


John Lewis Partnership plc


5


52 v 53 weeks?


The Partnership’s year end is always the last Saturday in January. Usually we have a 52 week year but this year it is 53 weeks. The 2014/15 year-on-year financial movements have been presented on a 52 week basis so that they are comparable with earlier periods, unless indicated otherwise. This has been done to provide a more consistent comparison and meaningful understanding of this year’s financial performance.


Gross sales


£10.9bn +5.7%


2014: £10.2bn


For more details: Go to page 50,


Operating profit margin in Waitrose (52 weeks)


3.9% -150bps


2014: 5.4%


For more details: Go to page 62,


Operating profit margin in John Lewis (52 weeks)


7.1% +20BPS


2014: 6.9%


For more details: Go to page 70,


Community investment 3.7* 2014: 4.3%


For more details: Go to page 57, *


Calculated on statutory profit before tax. % Net debt


£780m +61%


2014: £486m


For more details: Go to page 51,


Partner job satisfaction (June 2014)


72% June 2013: 74%


For more details: Go to page 53,


Revenue


£9.7bn +5.6%


2014: £9.0bn


For more details: Go to page 50,


Pension deficit


£1.25bn +25%


2014: £1.00bn


For more details: Go to page 51,


Partnership Bonus


£156m 11% of salary


2014: £203m (15% of salary)


For more details: Go to page 50,


New jobs created


2,800 Net new jobs created


2014: 6,300 For more details: Go to page 78,


Environmental footprint -15% CO2 e emissions intensity Since 2010/11


For more details: Go to page 58,


Introduction


Partnership difference


Principles


Strategy


Performance


Governance


Financial statements


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