"We always look to the long-term in the business. Our responsibility is to strike the right balance between building our balance sheet strength, investing in the future of the business, and the level of Partnership Bonus paid to Partners."
Patrick Lewis, Group Finance Director, 2017 Annual Report and Accounts
The principal financial risks that we are exposed to relate to the capital structure and long term funding of the Partnership and also to the markets and counterparties we are exposed to in our operations. They can be summarised as:
- Pension risk
- Capital and long term funding risk
- Liquidity risk
- Interest rate risk
- Foreign currency risk
- Credit risk
- Energy risk
Details can be found in the John Lewis Partnership Annual Report and Accounts 2017.