Statement of consolidated cash flows

For the year ended 28 January 2012

Notes   Year to
28 January
2012
£m

Year to
29 January
2011
£m
27 Cash generated from operations 759.1 745.1
  Net taxation paid (33.7) (27.5)
  Partnership bonus paid (194.5) (151.2)
  Special contribution to the Pension Scheme - (150.0)
  Finance costs paid (2.3) (2.0)
  Net cash generated from operating activities 528.6 414.4
  Cash flows from investing activities    
  Purchase of property, plant and equipment (425.7) (447.9)
  Purchase of intangible assets (88.4) (43.5)
  Proceeds from sale of property, plant and equipment 11.8 3.7
  Finance income received 2.4 3.1
  Net cash used in investing activities (499.9) (484.6)
  Cash flows from financing activities    
  Finance costs paid in respect of bonds (54.7) (76.7)
  Payment of capital element of finance leases (0.7) (0.4)
  Payments to preference shareholders (0.2) (0.2)
  Payments to SIP shareholders (1.3) (1.1)
  Cash inflow from borrowings 71.5 151.6
  Net cash generated from financing activities 14.6 73.2
  Increase in net cash and cash equivalents 43.3 3.0
  Net cash and cash equivalents at beginning of period 447.4 444.4
  Net cash and cash equivalents at end of period 490.7 447.4
15 Net cash and cash equivalents comprise:    
  Cash 83.6 84.2
  Short term investments
467.2 428.5
  Bank overdraft (60.1) (65.3)
    490.7 447.4

 

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.