Both Nikon P330 and Panasonic LF1 have 12.0 MP resolution sensors but Nikon P330's sensor is 1/1.7 (7.44 x 5.58 mm ) and Panasonic LF1's sensor is 1/1.7" (7.44 x 5.58 mm ).
Since Panasonic LF1's has a larger sensor area with the same resolution, this means that it also has a larger pixel area hence better light collecting capacity for a given aperture compared to Nikon P330.
Below you can see the P330 and LF1 sensor size comparison.
Nikon P330 and Panasonic LF1 have sensor sizes so they will provide same level of control over the depth of field when used with same focal length and aperture.
DxOMark Sensor Scores
Both Nikon P330 and Panasonic LF1 sensors have been tested by DxoMark. DxoMark scores camera sensors for color depth (DXO Portrait), dynamic range (DXO Landscape) and low-light sensitivity (DXO Sports), and also gives them an overall score. Of the two cameras that we are comparing, P330 has scored 54, 2 points higher than LF1.