Five year financial record

  IFRS UK GAAP
  2007 2006 2005 2005 2004 20031
Financial results (£m)            
Revenue2 18,518 17,317 16,573 16,573 18,239 18,144
Revenue (inc VAT) – continuing operations 18,518 17,317 16,364 16,364 15,517 15,147
Underlying operating profit            
Sainsbury’s Supermarkets 429 352 308 321 564 572
Sainsbury’s Bank 2 (10) 17 13 26 22
  431 342 325 334 590 594
Underlying net finance costs3 (51) (75) (88) (92) (60) (60)
Share of post-tax profit from joint ventures — — 1 1 — 3
Underlying profit from continuing operations4 380 267 238 243 530 537
Increase on previous year (%) 42.3 12.2 n/a      
Underlying profit from discontinued operations — — 11 11 145 158
Underlying profit before tax5 380 267 249 254 675 695
Increase/(decrease) on previous year (%) 42.3 7.2 n/a (62.4) (2.9) 10.8
Earnings per share            
Basic (pence) 19.2 3.8 4.1 3.5 20.7 23.7
(Decrease)/increase on previous year (%) 405.3 (7.3) n/a (83.1) (12.7) 24.1
Underlying basic (pence) 14.7 10.5 8.3 9.0 23.4 24.2
Increase/(decrease) on previous year (%) 40.0 26.5 n/a (61.5) (3.3) 12.6
Proposed dividend per share6 (pence) 9.75 8.00 7.80 7.80 15.69 15.58
Retail statistics for UK food retailing            
Number of outlets at financial year-end            
Sainsbury’s Supermarkets7            
over 40,000 sq ft sales area 178 166 158 158 157 152
25,001 – 40,000 sq ft sales area 163 168 176 176 163 162
15,000 – 25,000 sq ft sales area 91 88 79 79 77 79
under 15,000 sq ft sales area 356 330 314 314 186 105
  788 752 727 727 583 498
Sales area (000 sq ft)            
Sainsbury’s Supermarkets7 17,364 16,7259 16,370 16,370 15,570 15,199
Net increase on previous year:            
Sainsbury’s Supermarkets7 (%) 3.8 2.2 5.1 5.1 2.4 5.9
New Sainsbury’s Supermarkets7 openings 40 34 36 36 35 39
Sainsbury’s Supermarkets’ sales intensity (including VAT)8            
Per square foot (£ per week) 17.59 16.70 16.38 16.38 16.66 17.12
  1. Revenue in 2003 has been restated for the change in accounting policy in accordance with FRS 5 (Application Note G).
  2. Includes VAT at Sainsbury’s Supermarkets and sales tax at Shaw’s Supermarkets.
  3. Net finance costs pre financing fair value movements and one-off items that are material and infrequent in nature.
  4. IFRS – Profit before tax from continuing operations before any gain or loss on the sale of properties, impairment of goodwill, financing fair value movements and one-off items that are material and infrequent in nature.
  5. UK GAAP – Underlying profit before tax is stated before exceptional items.
  6. Total proposed dividend in relation to the financial year.
  7. Includes all convenience stores.
  8. Excluding petrol and restated to include IAS 18 adjustment.
  9. Reflects size adjustments.