Consolidated balance sheet

As at 28 January 2012

Notes   2012
£m
 2011
£m
  Non-current assets    
10 Intangible assets 164.3 111.4
11 Property, plant and equipment 3,798.4 3,622.6
14 Trade and other receivables 41.8 41.4
    4,004.5 3,775.4
  Current assets    
13 Inventories 465.2 422.0
14 Trade and other receivables 222.8 210.9
  Current tax receivable - 17.0
23 Derivative financial instruments 2.7 8.6
15 Cash and cash equivalents 550.8 512.7
    1,241.5 1,171.2
  Total assets 5,246.0 4,946.6
  Current liabilities    
17 Borrowings and overdrafts (302.1) (165.3)
18 Trade and other payables (1,134.8) (1,031.9)
  Current tax payable (9.3) -
19 Finance lease liabilities (0.6) (0.8)
20 Provisions (90.6) (85.0)
23 Derivative financial instruments (2.5) (1.0)
    (1,539.9) (1,284.0)
  Non-current liabilities    
17 Borrowings (799.2) (874.6)
18 Trade and other payables (85.8) (65.6)
19 Finance lease liabilities (26.4) (28.0)
20 Provisions (115.6) (112.9)
21 Deferred tax liabilities (32.1) (94.7)
24 Retirement benefit obligations (638.1) (414.0)
    (1,697.2) (1,589.8)
  Total liabilities (3,237.1) (2,873.8)
  Net assets 2,008.9 2,072.8
  Equity    
26 Share capital 0.6 0.6
  Other reserves 6.6 6.4
  Retained earnings 2,001.7 2,065.4
  Non-controlling interest
- 0.4
  Total equity 2,008.9 2,072.8


The notes on pages 45 to 80 of the John Lewis Partnership annual reports and accounts 2012 (PDF 1.6MB) form part of these financial statements.

Approved by the Board on 23 April 2012
Charlie Mayfield
Marisa Cassoni
Directors