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2020 Em 2019 Em Notes 2.7 Cash generated from operations before Partnership Bonus Net taxation pald Pension deficit reduction payments Finance costs paid Net cash generated from operating activities before Partnership Bonus Partnership Bonus paid Net cash flow in relation to Share Incentive Plan shares Net cash generated from operating activities after Partnership Bonus 713.4 (172) (12.8) (109.0) 574.4 (45.8) (14.4) 514.2 610.8 (339) (37.1) (1.8) 538.0 (74.9) (154) 447.7 5.5 Cash flows from investing activities Purchase of property, plant and equipment Purchase of intangible assets Proceeds from sale of property, plant and equipment and intangible assets Finance income received Cash outflow from investment in and loans to joint venture Cash outflow from short-term investments Cash outflow from acquisition of trade and assets Net cash used in investing activities (191.5) (146.7) 174.9 4.9 (143.9) (166.2) 13.6 2.4 (0.5) (51.4) (99.0) (1.0) (209.8) (394.6) Cash flows from financing activities Finance costs paid in respect of bonds Finance costs paid in respect of financial instruments Payment of capital element of leases Payments to Share Incentive Plan shareholders Cash (outflow)/inflow from borrowings Net cash (used in)generated from financing activities (542) (0.5) (17) (54.2) (0.7) (92.7) (0.3) (275.0) (422.9) (0.4) 1244 67.6 John Lewis Partnership PIC 5.5 BORROWINGS AND OVERDRAFTS PURPOSE Our borrowing compibe berid, bark, leare, burk Overdrafts and Share biceni ile Plan shares, which are held i Trust for the benefit of Partiers ACCOUNTING POLICIES Borrowing: Borowings are incally recorded at fair value of transaction costs and bequently moured at amored cost where there is a dictive related tal value beigethe movement in the far vale attributable to the helped separately dosed Arrangement costs for bonds and fan facilities respect of detection and amortised over the ide of the stata constart rate Finance costs are charged to the nome statement based on the effective interest rate of the associated borrowing Borrowing costs attributable to the quisition or construction of a qualifying as a capital Qualifying sets are those that take a substantial period of time to get ready for their intended use Caption comes when bothpenditure on the sand borrowing costs are being curred. Capitalismo when there is ready for its intended ute. The capitalisation est used to determine the borrowing consigble for capitalisations Share Incentive Plan The Share Incentive Plans or Bonusovej stay coordattar value and the boys wheqerty Mediamart.co. Is de comedonce the ability has been settled 2030 2009 Borrowing and overdre Em an Current abonds, 2019 (2750) Share Incentive Plan shares (SIP) (43.1) (563) Unamortised bond transaction costs 01 0.1) (3312) Non-current Bank loans (1251) (1250) 6% bonds, 2025 300.0) 3000) 4x bonds, 2034 3000) 3000) Unamortised bondid loan transaction costs 94 104 Fair value adjustment for hedged clement on bonds (2.0) 08 Share Incentive Plan shares (SIP) (1.0 2.2) (719.5) (7160) All borrowings are unsecured, denominated in Stering and are repayable on the dates shown at par In April 2019, the Partnership repaid the 2019 bond amounting to C275.0m ic 2020 Em 2019 Em Notes 2.7 Cash generated from operations before Partnership Bonus Net taxation pald Pension deficit reduction payments Finance costs paid Net cash generated from operating activities before Partnership Bonus Partnership Bonus paid Net cash flow in relation to Share Incentive Plan shares Net cash generated from operating activities after Partnership Bonus 713.4 (172) (12.8) (109.0) 574.4 (45.8) (14.4) 514.2 610.8 (339) (37.1) (1.8) 538.0 (74.9) (154) 447.7 5.5 Cash flows from investing activities Purchase of property, plant and equipment Purchase of intangible assets Proceeds from sale of property, plant and equipment and intangible assets Finance income received Cash outflow from investment in and loans to joint venture Cash outflow from short-term investments Cash outflow from acquisition of trade and assets Net cash used in investing activities (191.5) (146.7) 174.9 4.9 (143.9) (166.2) 13.6 2.4 (0.5) (51.4) (99.0) (1.0) (209.8) (394.6) Cash flows from financing activities Finance costs paid in respect of bonds Finance costs paid in respect of financial instruments Payment of capital element of leases Payments to Share Incentive Plan shareholders Cash (outflow)/inflow from borrowings Net cash (used in)generated from financing activities (542) (0.5) (17) (54.2) (0.7) (92.7) (0.3) (275.0) (422.9) (0.4) 1244 67.6 John Lewis Partnership PIC 5.5 BORROWINGS AND OVERDRAFTS PURPOSE Our borrowing compibe berid, bark, leare, burk Overdrafts and Share biceni ile Plan shares, which are held i Trust for the benefit of Partiers ACCOUNTING POLICIES Borrowing: Borowings are incally recorded at fair value of transaction costs and bequently moured at amored cost where there is a dictive related tal value beigethe movement in the far vale attributable to the helped separately dosed Arrangement costs for bonds and fan facilities respect of detection and amortised over the ide of the stata constart rate Finance costs are charged to the nome statement based on the effective interest rate of the associated borrowing Borrowing costs attributable to the quisition or construction of a qualifying as a capital Qualifying sets are those that take a substantial period of time to get ready for their intended use Caption comes when bothpenditure on the sand borrowing costs are being curred. Capitalismo when there is ready for its intended ute. The capitalisation est used to determine the borrowing consigble for capitalisations Share Incentive Plan The Share Incentive Plans or Bonusovej stay coordattar value and the boys wheqerty Mediamart.co. Is de comedonce the ability has been settled 2030 2009 Borrowing and overdre Em an Current abonds, 2019 (2750) Share Incentive Plan shares (SIP) (43.1) (563) Unamortised bond transaction costs 01 0.1) (3312) Non-current Bank loans (1251) (1250) 6% bonds, 2025 300.0) 3000) 4x bonds, 2034 3000) 3000) Unamortised bondid loan transaction costs 94 104 Fair value adjustment for hedged clement on bonds (2.0) 08 Share Incentive Plan shares (SIP) (1.0 2.2) (719.5) (7160) All borrowings are unsecured, denominated in Stering and are repayable on the dates shown at par In April 2019, the Partnership repaid the 2019 bond amounting to C275.0m ic