Consolidated income statement

For the half year ended 26 January 2013

Notes   Year to
26 January 2013
£m

Year to
28 January 2012
£m
2 Gross sales 9,541.3 8,729.5
2 Revenue 8,465.5 7,758.6
  Cost of sales (5,640.1) (5,166.5)
  Gross profit 2,825.4 2,592.1
  Other operating income 64.1 59.6
3 Operating expenses (2,437.1) (2,258.4)
2 Operating profit 452.4 393.3
4 Finance costs (82.9) (72.3)
4 Finance income 40.1 32.8
  Profit before Partnership bonus and tax 409.6 353.8
  Partnership bonus (210.8) (165.2)
5 Profit before tax 198.8 188.6
6 Taxation (47.1) (52.4)
6 Profit for the year 151.7 136.2

The notes on pages 57 to 90 of the John Lewis Partnership annual reports and accounts 2013 (PDF 2.9MB) form part of these financial statements.